Author

Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 435. (Read 941425 times)

legendary
Activity: 1736
Merit: 1001
Ok, so with the "wallet" running and showing Server started, I can access the UI in the browser by going to http://localhost:7876/.

Was this an intended and documented change? If so, the "ui" should say something.
legendary
Activity: 1722
Merit: 1217
bullionvault for instance does it this way.  If you want out, there is a fee.  This model seems to work.

-bm


its good to know of another way in which my service is different Smiley

really 10 ounces is not that much. i dont think very many people are buying less than 10 ounces of bullion at a time online anyway.

also i may experiment with a fee structure for international orders. ill have to do something because this model definately breaks down for internatonal orders. its either fees, a higher minimum, both, or no international orders.
sr. member
Activity: 280
Merit: 257
bluemeanie
bullionvault for instance does it this way.  If you want out, there is a fee.  This model seems to work.

-bm
legendary
Activity: 1722
Merit: 1217
first 2 bars ready to ship to the first person who can acquire 10 tokens Grin

pictures will be posted shortly

I'm curious. The .1 you sent me, what does that equate to. .1 oz?


it sure does.

so how many do I need to get a bar?

-bm

10 troy ounces is the minimum order. i set it like that because i wanted to make it so simple that customers could just buy the tokens, send them to me along with their postal address and get silver. that means shipping has to be built in. which means there is a built in transfer of value from people who make smaller orders to people who make larger orders. i cant do away with that entirely without actually charging for shipping, but by setting the minimum order to 10 I mitigate it substantially. That way i can keep things super simple and my customers never even have to think about shipping.


ya that's one way to do it, probably better way is to just charge a fee if you want to cash out.

currently, your OZ is trading at 22.849 usd, which is well above spot price 19.42 usd (atow).  It's going to be hard to market that.

-bm


charge a fee in what? tell them that they have to understand some arcane fee structure in order to acquire silver? tell them that they have to send me 11 ounces of silver tokens inorder to aquire 10 ounces of silver? or that they have to send nxt also? im trying to make this simpler and more user friendly than any service that has ever come before it.

yes the price is high because right now there is only one seller. monopolies tend to yield high prices. more sellers will be coming online shortly. there are packages in transit that just haven't arrived yet.
sr. member
Activity: 280
Merit: 257
bluemeanie
first 2 bars ready to ship to the first person who can acquire 10 tokens Grin

pictures will be posted shortly

I'm curious. The .1 you sent me, what does that equate to. .1 oz?


it sure does.

so how many do I need to get a bar?

-bm

10 troy ounces is the minimum order. i set it like that because i wanted to make it so simple that customers could just buy the tokens, send them to me along with their postal address and get silver. that means shipping has to be built in. which means there is a built in transfer of value from people who make smaller orders to people who make larger orders. i cant do away with that entirely without actually charging for shipping, but by setting the minimum order to 10 I mitigate it substantially. That way i can keep things super simple and my customers never even have to think about shipping.


ya that's one way to do it, probably better way is to just charge a fee if you want to cash out.

currently, your OZ is trading at 22.849 usd, which is well above spot price 19.42 usd (atow).  It's going to be hard to market that.

-bm
legendary
Activity: 1722
Merit: 1217
first 2 bars ready to ship to the first person who can acquire 10 tokens Grin

pictures will be posted shortly

I'm curious. The .1 you sent me, what does that equate to. .1 oz?


it sure does.

so how many do I need to get a bar?

-bm

10 troy ounces is the minimum order. i set it like that because i wanted to make it so simple that customers could just buy the tokens, send them to me along with their postal address, wait for the silver, and not have to think about anything else. that means shipping has to be built in. which means there is a built in transfer of value from people who make smaller orders to people who make larger orders. i cant do away with that entirely without actually charging for shipping, but by setting the minimum order to 10 I mitigate it substantially. That way i can keep things super simple and my customers never even have to think about shipping.
sr. member
Activity: 280
Merit: 257
bluemeanie
first 2 bars ready to ship to the first person who can acquire 10 tokens Grin

pictures will be posted shortly

I'm curious. The .1 you sent me, what does that equate to. .1 oz?


it sure does.

so how many do I need to get a bar?

-bm
legendary
Activity: 1722
Merit: 1217
first 2 bars ready to ship to the first person who can acquire 10 tokens Grin

pictures will be posted shortly

I'm curious. The .1 you sent me, what does that equate to. .1 oz?


it sure does.
sr. member
Activity: 756
Merit: 250
Did anyone d/l the wallet update 1.1.4? I did, and the UI doesn't show up, just a spinning GIF.


It worked fine for me.

Hmm... that doesn't help me. What is the local host port this runs on?


http://localhost:7876/#
hero member
Activity: 695
Merit: 500
Did anyone d/l the wallet update 1.1.4? I did, and the UI doesn't show up, just a spinning GIF.


Same here, old version worked fine. New version is saying " Server started successfully" and the GIF keeps spinning while nothing happens.
legendary
Activity: 1736
Merit: 1001
Did anyone d/l the wallet update 1.1.4? I did, and the UI doesn't show up, just a spinning GIF.


It worked fine for me.

Hmm... that doesn't help me. What is the local host port this runs on?
sr. member
Activity: 756
Merit: 250
Did anyone d/l the wallet update 1.1.4? I did, and the UI doesn't show up, just a spinning GIF.


It worked fine for me.
hero member
Activity: 644
Merit: 500
As a newb how much NXT would I need to buy to make "forging" profitable? I currently mine NAUT and VTC. What kind of processing power does the forging require, does it just run on the CPU?

The purpose of forging is not to make profit but to secure the network. Maybe some day when we have 100s of transaction per minute, it might be profitable. I doubt there is any profit now.

Still to forge once a day you need over 300,000 Nxt

legendary
Activity: 1736
Merit: 1001
first 2 bars ready to ship to the first person who can acquire 10 tokens Grin

pictures will be posted shortly

I'm curious. The .1 you sent me, what does that equate to. .1 oz?
legendary
Activity: 1736
Merit: 1001
Did anyone d/l the wallet update 1.1.4? I did, and the UI doesn't show up, just a spinning GIF.
newbie
Activity: 56
Merit: 0
As a newb how much NXT would I need to buy to make "forging" profitable? I currently mine NAUT and VTC. What kind of processing power does the forging require, does it just run on the CPU?
legendary
Activity: 1722
Merit: 1217
first 2 bars ready to ship to the first person who can acquire 10 tokens Grin

pictures will be posted shortly
sr. member
Activity: 756
Merit: 250
hashrate.org is fine, just use it Cheesy

I would not say they are just fine. How much mining have you done there? They have some very serious problems but I am hoping they get better. The NXT community needs them or someone like them.

Im going ahead and point out that he was sacrcastic and he was refering to the fact that the website isn't working Smiley

Fair enough. The site is down but the pool seems to be handing out shares. In addition to being a sysadmin in RL, I am a complete and total smartass - but sometimes printed sarcasm escapes me.  Smiley
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
hashrate.org is fine, just use it Cheesy

I would not say they are just fine. How much mining have you done there? They have some very serious problems but I am hoping they get better. The NXT community needs them or someone like them.

Im going ahead and point out that he was sacrcastic and he was refering to the fact that the website isn't working Smiley
sr. member
Activity: 756
Merit: 250
hashrate.org is fine, just use it Cheesy

I would not say they are just fine. How much mining have you done there? They have some very serious problems but I am hoping they get better. The NXT community needs them or someone like them.
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