HI,ELEMS DEV,
I have Added your coin to 8btc forum http://8btc.com/thread-13070-1-1.html
8btc is the most famous forum in China.
(it's in Chinese,maybe you need a google trans service)
Anyway,you can tweet something to my twitter: https://twitter.com/ForAllCoins
Topic: [ANN] - ELEMS - NXT MS Mintable Coin - No Premine - No IPO - Fair Distribution - page 2. (Read 7444 times)
January 15, 2015, 01:11:18 AM
January 13, 2015, 11:01:29 PM
set unitspermint=2 so forging 2elems need 1 nxt coin . if set unitspermint=100 forging 100 elems only need 1 nxtcoin ?
yup. Just depends on variance, cpu and how lucky you are. The higher you set your unitsperMint the higher the difficulty to mint a block becomes for you. The higher it becomes the more likely it takes longer for you to get anything.
It could be instant with unitsPerMint=100 or it could be days if not weeks if you are unlucky.
Just a helpful hint - I have an 8 core CPU and am minting 100 ELEMS for 1 NXT tx. It takes me about 1 day to get the 100. In the long run - if server disconnects or you lose internet connection, you start over at 0.
How to know if it's start over at 0? I had mine zero coin yesterday maybe that's the reason
January 13, 2015, 10:57:02 PM
set unitspermint=2 so forging 2elems need 1 nxt coin . if set unitspermint=100 forging 100 elems only need 1 nxtcoin ?
yup. Just depends on variance, cpu and how lucky you are. The higher you set your unitsperMint the higher the difficulty to mint a block becomes for you. The higher it becomes the more likely it takes longer for you to get anything.
It could be instant with unitsPerMint=100 or it could be days if not weeks if you are unlucky.
Just a helpful hint - I have an 8 core CPU and am minting 100 ELEMS for 1 NXT tx. It takes me about 1 day to get the 100. In the long run - if server disconnects or you lose internet connection, you start over at 0.
January 13, 2015, 10:36:50 PM
How to know the difficulty?
January 13, 2015, 10:23:25 PM
Account:
NXT-LTBA-SFNU-62BG-C4356
Public key: f685eba94529cdc270b38d0234bb795a2bf3206fa07c048b517979163feb287c
Thanks Godbless,..^^,
NXT-LTBA-SFNU-62BG-C4356
Public key: f685eba94529cdc270b38d0234bb795a2bf3206fa07c048b517979163feb287c
Thanks Godbless,..^^,
January 13, 2015, 10:15:15 PM
set unitspermint=2 so forging 2elems need 1 nxt coin . if set unitspermint=100 forging 100 elems only need 1 nxtcoin ?
yup. Just depends on variance, cpu and how lucky you are. The higher you set your unitsperMint the higher the difficulty to mint a block becomes for you. The higher it becomes the more likely it takes longer for you to get anything.
It could be instant with unitsPerMint=100 or it could be days if not weeks if you are unlucky.
January 13, 2015, 09:58:20 PM
set unitspermint=2 so forging 2elems need 1 nxt coin . if set unitspermint=100 forging 100 elems only need 1 nxtcoin ?
January 13, 2015, 02:04:53 PM
It will be possible to gpu mine in the future when people develop the tools. But right now it's CPU only
January 13, 2015, 10:53:30 AM
CPU only indeed 
Although it stands to reason at some point someone is going to produce a GPU miner
is it possible only cpu mining?Although it stands to reason at some point someone is going to produce a GPU miner
i have saw lost of coin that only cpu but finally became GPU coin
This is on NXT. CPU minting only at the moment.
January 13, 2015, 09:58:49 AM
CPU only indeed
Although it stands to reason at some point someone is going to produce a GPU miner
is it possible only cpu mining?Although it stands to reason at some point someone is going to produce a GPU miner
i have saw lost of coin that only cpu but finally became GPU coin
January 13, 2015, 09:43:48 AM
mining 1 elems need 1 nxt ? dev
nah a minting transaction costs 1 NXT. Which is why you need to have a small amount of NXT to start minting.
So you put your parameters at 1NXT=1ELEMS (unitsPerMint=1) or you could do 1NXT=100ELEMS (unitsPerMint=100) anywhere in between and maybe even more. Just depends on how lucky you are with the CPU you have. The best rate would be something above 1 just so you aren't exchanging 1ELEMS for 1NXT.
If you have 10 NXT, and do a 10 unitsPerMint then every 10 ELEMS you get will cost 1NXT. The thing is you need to be lucky or have a good CPU to get that 10 ELEMS in a timely manner (depending on things like difficulty and such as well). Since you won't mint anything until you reach the 10 ELEMS point and if you quit before you mint anything you don't get anything. Where if you don't get any more NXT beyond that, at the end of minting all you can with the available NXT you have in addition to having a spare in order to sell. You could do 90 ELEMS and use the last 1 NXT to put an exchange up in the 'Exchange Booth' to get even more NXT (depending on the market and the Rate of NXT per ELEMS others are selling at).
Says you have 3.99 NXT. I'll send you a few more and that should get you minting.
January 13, 2015, 05:15:57 AM
Nice coin.
Let's hope hope this "Monetary system" is a new beginning for POW coin
Let's hope hope this "Monetary system" is a new beginning for POW coin
January 12, 2015, 10:56:34 PM
mining 1 elems need 1 nxt ? dev
nah a minting transaction costs 1 NXT. Which is why you need to have a small amount of NXT to start minting.
So you put your parameters at 1NXT=1ELEMS (unitsPerMint=1) or you could do 1NXT=100ELEMS (unitsPerMint=100) anywhere in between and maybe even more. Just depends on how lucky you are with the CPU you have. The best rate would be something above 1 just so you aren't exchanging 1ELEMS for 1NXT.
If you have 10 NXT, and do a 10 unitsPerMint then every 10 ELEMS you get will cost 1NXT. The thing is you need to be lucky or have a good CPU to get that 10 ELEMS in a timely manner (depending on things like difficulty and such as well). Since you won't mint anything until you reach the 10 ELEMS point and if you quit before you mint anything you don't get anything. Where if you don't get any more NXT beyond that, at the end of minting all you can with the available NXT you have in addition to having a spare in order to sell. You could do 90 ELEMS and use the last 1 NXT to put an exchange up in the 'Exchange Booth' to get even more NXT (depending on the market and the Rate of NXT per ELEMS others are selling at).
January 12, 2015, 10:15:25 PM
mining 1 elems need 1 nxt ? dev
nah a minting transaction costs 1 NXT. Which is why you need to have a small amount of NXT to start minting.
So you put your parameters at 1NXT=1ELEMS (unitsPerMint=1) or you could do 1NXT=100ELEMS (unitsPerMint=100) anywhere in between and maybe even more. Just depends on how lucky you are with the CPU you have. The best rate would be something above 1 just so you aren't exchanging 1ELEMS for 1NXT.
If you have 10 NXT, and do a (unitsPerMint=10) then every 10 ELEMS you get will cost 1NXT. The thing is you need to be lucky or have a good CPU to get that 10 ELEMS in a timely manner (depending on things like difficulty and such as well). Since you won't mint anything until you reach the 10 ELEMS point and if you quit before you mint anything you don't get anything. With 10 NXT you could do 90 ELEMS (if you set it at unitsPerMint=10) and use the last 1 NXT to set up an exchange in the 'Exchange Booth' where you can set your sell rate at a higher price than your buy rate. (depending on the market and the Rate of NXT per ELEMS others are selling at).
January 12, 2015, 09:45:18 PM
mining 1 elems need 1 nxt ? dev
January 12, 2015, 09:07:00 PM
Can I change units minted to something like 15 instead of 1?
You can but it may take longer to find something.
You could make it even nxt.mint.unitsPerMint=100 to 1NXT for minting but it may take multiple days to mint that much.
I would suggest nxt.mint.unitsPerMint= 2 or nxt.mint.unitsPerMint=3 or so if you feel that your CPU is strong enough. Or if you don't mind being patient or are just lucky with higher numbers. It may take a couple hours at least for 15 unless you have a very good CPU or are just lucky.
January 12, 2015, 02:27:25 PM
You don't have to mine coin one by one. You can choose to mine 5 or 10, or more.
Since you have to pay 1 nxt everytime you mine, it's best to choose a number big enough to mine like 1 or 2 time a day.
Example : if you choose to mine 1 by 1, and you get 1ELEMS/hour. You get 24 ELEMS at the end of the day but you payed 24 NXT
So you just have to change the seetings to make the minter mint 24 ELEMS. At the end of the day you get the same amount of ELEMS but you pay only one NXT
Since you have to pay 1 nxt everytime you mine, it's best to choose a number big enough to mine like 1 or 2 time a day.
Example : if you choose to mine 1 by 1, and you get 1ELEMS/hour. You get 24 ELEMS at the end of the day but you payed 24 NXT
So you just have to change the seetings to make the minter mint 24 ELEMS. At the end of the day you get the same amount of ELEMS but you pay only one NXT
January 12, 2015, 02:17:49 PM
1 ELEM for 1 NXT no no no thx.
You can mint more than 1 ELEMS at a time and only pay the 1 NXT tx. Change the units minted in the config file to 2.
January 12, 2015, 01:46:05 PM
1 ELEM for 1 NXT no no no thx.
January 12, 2015, 01:31:00 PM
It's really cool that we can now create cryptocoins with one click using the Nxt blockchain!
The minting for a coin like ELEMS can be done in the same Nxt client. No special mining software needed. It's CPU mining only, such as in the early days of Bitcoin! Everything is starting all over again. Be one of the first in a real second generation cryptocurrency!
So proud on the Nxt-devs!
The minting for a coin like ELEMS can be done in the same Nxt client. No special mining software needed. It's CPU mining only, such as in the early days of Bitcoin! Everything is starting all over again. Be one of the first in a real second generation cryptocurrency!
So proud on the Nxt-devs!
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