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Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 498. (Read 941427 times)

sr. member
Activity: 756
Merit: 250
Hi all, i'm a long time miner (Go DRK!) but new to NXT.  So i've installed the "one click install" wallet on my Windows 7 PC and all seems to be OK.

I've got 100 (less a couple for fee and test transaction) NXT in there, the wallet has been running for less than a day.

How long until i start forging? I think i read i need to keep it open for atleast 24 hours?  On my Dashboard screen, when i click "forging" it says my net account balance is 0.  yet I have 97 NXT?
 
Is there anything I need to do now?

Once I start forging, if i reboot my PC for example, will i loose the 'forging' status when i re-launch my wallet? 

Thanks,
Ili

If anyone feeling generous pls help me build my NXT account: 13132972958635556559

ta!
Since you started your post mentioning you are a miner, I just want to make sure you understand what forging is, and how your balance correlates. If you are under the impression that running your client with 100 Nxt will net any additional Nxt for you, I am sorry to say it may never happen. Forging only serves to secure the network, so unless you have atleast 100k Nxt, you'll never see any sort of return. If you already understand everything i just covered, well then, please allow me to welcome you to the Nxt community.

On another note, you can point your current minig rig(s) to on of the Nxt pools where they mine other altcoins, then sell them and purchase Nxt's and split the Nxt among contributing miners.

Another way to look at is is how much POW mining capacity would you get for your $2 investment? You will get even less forging NXT but the power consumption will be less so you are at least not losing money and who knows, you might get lucky. On a brighter note - with luck, your investment will be worth a lot more in the not too distant future.
sr. member
Activity: 380
Merit: 275
Hi all, i'm a long time miner (Go DRK!) but new to NXT.  So i've installed the "one click install" wallet on my Windows 7 PC and all seems to be OK.

I've got 100 (less a couple for fee and test transaction) NXT in there, the wallet has been running for less than a day.

How long until i start forging? I think i read i need to keep it open for atleast 24 hours?  On my Dashboard screen, when i click "forging" it says my net account balance is 0.  yet I have 97 NXT?
 
Is there anything I need to do now?

Once I start forging, if i reboot my PC for example, will i loose the 'forging' status when i re-launch my wallet? 

Thanks,
Ili

If anyone feeling generous pls help me build my NXT account: 13132972958635556559

ta!
Since you started your post mentioning you are a miner, I just want to make sure you understand what forging is, and how your balance correlates. If you are under the impression that running your client with 100 Nxt will net any additional Nxt for you, I am sorry to say it may never happen. Forging only serves to secure the network, so unless you have atleast 100k Nxt, you'll never see any sort of return. If you already understand everything i just covered, well then, please allow me to welcome you to the Nxt community.

On another note, you can point your current minig rig(s) to on of the Nxt pools where they mine other altcoins, then sell them and purchase Nxt's and split the Nxt among contributing miners.
legendary
Activity: 1470
Merit: 1004
So when the Asset Exchange will finaly be there, what then? NXT to da m00n?

Probably not right away, we need some important add-on features released before seeing a huge spike.  But it will definitely get some more people interested and will be really fun to see what people do with it.
legendary
Activity: 1148
Merit: 1000
So when the Asset Exchange will finaly be there, what then? NXT to da m00n?
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
You can start forging when you reach 1440 confirmations.  Technically with confirmations every minute you should hit that in 24 hours but I think confirmations aren't quite that fast so it may be a little longer than that.  I'm hearing 1.5-2 days.  So long as you're connected to the server you will be forging.

You do not need to be connected to any server. If the server stores your private key, it can forge until the end of the universe.

Thanks for the correction.  I'm also thinking the timeframe is closer to 2 days to hit 1440.  It's been almost 2 days and I haven't hit 1440 yet.

Have a look at these recent numbers http://www.nxtexplorer.com/nxt/nxt.cgi?action=40&sub=7

I think the average amount of blocks per day = 800. So, 1.8 days.
hero member
Activity: 672
Merit: 500
You can start forging when you reach 1440 confirmations.  Technically with confirmations every minute you should hit that in 24 hours but I think confirmations aren't quite that fast so it may be a little longer than that.  I'm hearing 1.5-2 days.  So long as you're connected to the server you will be forging.

You do not need to be connected to any server. If the server stores your private key, it can forge until the end of the universe.

Thanks for the correction.  I'm also thinking the timeframe is closer to 2 days to hit 1440.  It's been almost 2 days and I haven't hit 1440 yet.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82


WARNING TO EVERYBODY

NODE PROVIDERS: HARD FORK IMMINENT AT BLOCK 130K. PLEASE, UPDATE TO V1.0.0 ASAP.

USERS: If you know node providers, please inform them.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Their coins will be fine.

But their transactions will fail, as they won't get enough confirmations.

Depends on how many servers are still around to forge. At least one with positive effective balance will continue this fork for eternity.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
You can start forging when you reach 1440 confirmations.  Technically with confirmations every minute you should hit that in 24 hours but I think confirmations aren't quite that fast so it may be a little longer than that.  I'm hearing 1.5-2 days.  So long as you're connected to the server you will be forging.

You do not need to be connected to any server. If the server stores your private key, it can forge until the end of the universe.
legendary
Activity: 1225
Merit: 1000
What happens to nodes that didn't upgrade?

They will be on fork

Are they going to lose their coins?

Their coins will be fine.

But their transactions will fail, as they won't get enough confirmations.
hero member
Activity: 561
Merit: 500
What happens to nodes that didn't upgrade?

They will be on fork

Are they going to lose their coins?
full member
Activity: 126
Merit: 100
I installed the recommended Nxt client and has some Nxt sent to it from the faucet. When I tried buying an alias or sending 1 Nxt to my bter account it showed up in transactions, but with no confirmations. Hours later it still showed zero confirmations and when I restarted the client there was no trace of my transactions and my Nxt from the faucet were all back in my client.

What did I do wrong?

Maybe the confirmations expire before get confirmed. try setting a longer deadline.
hero member
Activity: 644
Merit: 500
I installed the recommended Nxt client and has some Nxt sent to it from the faucet. When I tried buying an alias or sending 1 Nxt to my bter account it showed up in transactions, but with no confirmations. Hours later it still showed zero confirmations and when I restarted the client there was no trace of my transactions and my Nxt from the faucet were all back in my client.

What did I do wrong?

Not sure what went wrong. Try again?

member
Activity: 65
Merit: 10
I installed the recommended Nxt client and has some Nxt sent to it from the faucet. When I tried buying an alias or sending 1 Nxt to my bter account it showed up in transactions, but with no confirmations. Hours later it still showed zero confirmations and when I restarted the client there was no trace of my transactions and my Nxt from the faucet were all back in my client.

What did I do wrong?
legendary
Activity: 1225
Merit: 1000
So the asset will be up in 10 days?
6 days, 18 hours  Smiley
sr. member
Activity: 392
Merit: 265
So the asset will be up in 10 days?
full member
Activity: 180
Merit: 100
Nxt CPU silver 3d printed item.

The auction will end soon!

Don't hesitate.

newbie
Activity: 22
Merit: 0
This is great Nxt is back in Bitcointalk!!!!   Cheesy

It'll never be the same Smiley But yeah it's still great to have a new thread to read.
hero member
Activity: 672
Merit: 500
Hi all, i'm a long time miner (Go DRK!) but new to NXT.  So i've installed the "one click install" wallet on my Windows 7 PC and all seems to be OK.

I've got 100 (less a couple for fee and test transaction) NXT in there, the wallet has been running for less than a day.

How long until i start forging? I think i read i need to keep it open for atleast 24 hours?  On my Dashboard screen, when i click "forging" it says my net account balance is 0.  yet I have 97 NXT?
 
Is there anything I need to do now?

Once I start forging, if i reboot my PC for example, will i loose the 'forging' status when i re-launch my wallet? 

Thanks,
Ili

If anyone feeling generous pls help me build my NXT account: 13132972958635556559

ta!

You can start forging when you reach 1440 confirmations.  Technically with confirmations every minute you should hit that in 24 hours but I think confirmations aren't quite that fast so it may be a little longer than that.  I'm hearing 1.5-2 days.  So long as you're connected to the server you will be forging.
hero member
Activity: 644
Merit: 500
What happens to nodes that didn't upgrade?

They will be on fork
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