Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 373. (Read 941260 times)

I'll accept any NXT crap you want to dump into my wallet.

Idiot

As if you hadn't noticed on our rise to Number 3.

You're not allowed to come back, we deleted you from the Glossary for being irrelavent  

OMG, this NXT crap still arround 

think have still some leftovers to spill on all you bagholders!

let the games begin, muaahahaha muahahahahahahahhhhhhhaaaaaaaa

Nxters please help to achieve better ranking for NXT @ http://www.coingecko.com/
Subscribe to http://www.reddit.com/r/NXT/
More info: http://www.reddit.com/r/NXT/comments/27ng80/rnxt_is_currently_ranked_19_th_in_terms_of/

And you here ->
https://nxtforum.org/index.php?topic=922.msg13951#msg13951

Exactly, that's why I made a point there is a profit opportunity here even if the tx fee is lowered to 0.1, it won't matter much for profitability. By the time big stakeholders stop buying up the NSCs from forgers, the number of txs will allow forging to sustain profitability for forgers, provided all the planned and in-the-works features of NXT and NXT itself becomes popular enough.

150 000 blocks generated over the next 6 months * 11 NXT per NSC = 1.5 mln. NXTs, I think big stakeholders can afford that easily to ensure protection of the network. In 6 months from now, if NXT can't be at least #2 on coinmarketcap, it probably failed.

EDIT: in other news, Bter's NXT coffer has lost some funds in the last 2 days, and little new funds are deposited, meaning few sellers and perhaps the price has bottomed now.

That's true, the forging calculator should include NSC.
It would be fairly simple to get the current price of NSC and add it to the calculations.

When you forging a block, you obtain 1 NSC (6775372232354238105) asset in AE, its value at this moment is 11 NXT, so you can add this value per block.

+1

I have heard 1 block each day. But, do not nail me down on this. Key here is long-term.

Then you might have a look at https://bitbucket.org/JeanLucPicard/nxt/src/9b0ffb406e08cc7e8aed5161f362b2d1640c8647/src/java/nxt/Account.java?at=master#cl-253

The classic miners mentality will have to adapt to NXT philosophy, that's true
But there is still a profit opportunity here, that was my point.
Besides, one can do indirect mining, by mining sha256/scrypt coins and selling them for NXTs, and then use those NXTs to (lease-)forge.

That is all true, but as transaction number increases, fee will be lowered. Fee will be 0.1 very soon.
I'm the first to encourage anyone and everyone to invest in Nxt, but doing it purly for forging profit is a recipe for disappointment. Classic miners mentality won't work in Nxt.

edit: I made a post about the forging for network security yersterday, I think it's also relevant here: https://bitcointalksearch.org/topic/m.7192186

I'd like to counter-balance your statement a bit - won't make decent money forging at this point. But with each feature added, there are more and more transactions in the NXT network and more fees for forgers. One month ago there were a lot of empty blocks, but since the Asset Exchange launched, the number of empty blocks is small, most blocks come with fees. Just wait till the DGS, Alias trading and other features launch. Of course it's by leaps and bounds at this time, you get a new feature, but the fee may be lowered, but there is a NSC transferred to forgers that can be sold to compensate for lower fees. Also, definition of decent money can be different, sure, you won't make even 5% yearly from forging on your stake, but you don't risk anything either, you don't have to buy any expensive hardware, all you need is a browser. By rought estimates with forging yearly you can make at least what most western banks pay to depositors or more, and you don't need to expect a bank run.

But there is a threshold amount for forging profitability. You need at least 6000 NXTs to do a form of forging called 'leased forging', below that amount you will lose on fees to lease and withdraw your forged NXTs from a pool. 6000+ NXTs or more and you can forge profitably with a pool. 50k-100k NXTs - you can try solo forging if you feel lucky

http://www.mynxt.info/forging_calculator.php

Simply put, you will not make decent money forging, it's not what it's for.

So if i had 100k NXT, how much would a weeks worth of forging yield?

Are you serious? 50 NXT forging for 3 or 4 days? I dont think it is worth to forge because the power fee is more expensive than 50 NXT.
If you really want to forge, I would suggest buy more NXT than 100,000

NXT is very strong.Have a large shipment?? I want to contact

you are forgiven : ))