Topic: NXT :: descendant of Bitcoin - Updated Information - page 2045. (Read 2761645 times)

If you have an account with some NXT on it, go to this URL, replacing the last chunk of it with your account number:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=XXXXXXXXXX

Have a look at "Mining Ratio" - it estimates how much NXT you would mine with your account by now if started at the very beginning.

Which is why my next sentence says "It's a little more complicated...".  I understand better (though probably still imperfectly) about the forging system.  To me the key point is there's a random aspect about it (you get all the transaction fees in a block you process and who knows what those fees will be) so you can never accurately predict what you will make via forging.  There is no formula.  

To summarize forging in a single sentence to an outsider, I think you have to make a Louis Armstrong statement ("If you have to ask what jazz is, you ain't never gonna know") - if you care about how much you're going to make via NXT forging, it won't be enough to motivate you.

U don't take into account compound percentage.

Marketing...

There will be a Bitcoin Conference in February in Berlin.

http://www.mediabistro.com/insidebitcoins/

Since I am from Vienna, I would love to represent Nxt on this venue. I would fly over to Berlin and use the 2 days to spread the word, let others know about Nxt.
I believe in Nxt and am sure that we will benefit from it having someone around at a venue like this, that´s why I will fund the whole journey myself, but

donations to buy the tickets, pay for the hotel and flight is much appreciated!

11433600460445633305

There is no mining in NXT.  If you have your wallet client open, you occasionally earn a minimal fee for processing a block ("forging") when it's your turn.  It isn't your turn very often.  The more NXT in your wallet, the more often it is your turn.  From a previous post of mine:

"Another way of saying this is that if you run a forging node (open wallet) with 1000 NXT with everyone else online, you will earn only 1 NXT for every 1 million NXTs that are charged as fees.  Thus you will "double" your 1000 NXT initial forging stake only when THE ENTIRE AMOUNT OF AVAILABLE NXT has cycled through once not as transactions, but FEES.

Maybe it's just me, but I gotta say that forging does not seem to be a very good motivation for running a node."

Actually it's a little more complicated than that, but trust me, you're not gonna get very far on NXT with a miner mindset.  NXT was designed as its key feature to totally eliminate mining.

Okay, maybe you didn't but who would delete your lousy post? It was just ordinary post like thousands of others.

It is not there yet, but I agree, it takes more memory than it should now.

The memory leak that I fixed is not related to headless/headed differences, if any. I have only used the Oracle JVM, can't comment on openJDK.

There is still room for optimizing the memory usage, we create a lot of objects unnecessarily which even if not a leak puts an extra load on the garbage collector.

https://nextcoin.org/index.php/topic,104.0.html

Manage? Not me, I have no time and abilities for that. I hardly have the time to catch up with the posts here. Developers should do coding, marketeers should do marketing. Otherwise yes, I agree the marketing campaign is very important.

Hey guys,

I see there is a lot of info here, but I can't find what I am searching...

I want a NXT mining calculator. There is such a tool?

I proved u wrong by providing a link to a very small stakeholder who had found a block. Sorry, but I don't have time to explain u why u was wrong. Start from http://en.wikipedia.org/wiki/Statistics and google the rest by urself.

Yes.

That's great, you don't understand what the discussion is about, and yet assume I deleted it, and I'm trolling. thanks.

btw.  I'm the one that said I would be accused of deleting my post, which I did not. But good on you for picking up those reins.




No thank you..  for continuing to call an investing person of NXT a troll ..2nd time? Come-from-Beyond, developer of NXT.. and not actually answering the questions or joining in the conversation (not only me) on how a system so weighted for the founders and high stake holders, it creates a no-loss system of block rewards for those same founders and high stake holders, only, while maintaining their majority stake.

I will say I find it interesting that my post count still reads as 6, but only 5 of my posts actually exist in that thread (not including the one that has disappeared).. Mmm.. If I had deleted my own post, which I clearly would not, wouldn't it only say... 5 posts?  If you go into my posts you can still see it in fact..  How did I somehow "accidentally delete it" but somehow create a way for it to still exist in my post count?  haha  

https://nextcoin.org/index.php?action=profile;area=showposts;u=4657

Thanks for pretending to be interested in what happened, and then flipping to call me a troll, again, immediately after though. That's rich.

it seems others have been enlightened by the forging, and they seem interested, and that's a good thing.
really, bye now.

Could be. But the headless JRE has all the required libraries to run NXT, correct?

I gotta confess, I voted but through clenched teeth - my apologies to the entrants, who I'm sure gave it their best.  None of those logos turn me on and I bet the whole logo thing gets revisited before we go a year.  NXT is too important a program to limp along getting introduced to the public via a confusing or uninspiring logo.

logo vote

https://nextcoin.org/index.php/topic,1588.0.html

Pin

DDoS is not that heavy as yesterday. Maybe that's why nodes run more stable?

following this thread is a little waste of time for marketing people, because it we belongs to the tech guys. We had moved to the nextcoin.org and then we will move again... Anyway welcome to the marketing sheet:
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=9

and I have less than 2000 Nxt only.

I agree that I have not made an airtight case.  That's why I said "rough" audit, and after cutting and pasting for the better part of an hour I think a better "audit" needs some better automated tools - or at least access to more than 10 blockchain items per page.  

I am indeed making an assumption - that if a group deposits 200 million NXT on an exchange website, then it is sold to somebody else.  That's not a bad assumption, I think.  Before the data went out for some reason on Dec 26, there had been over 250 million NXT sold at Dgex.  That low deposit-to-net-trade ratio seems to indicate buy-and-hold a lot more than speculative trading - and certainly supports the contention that all 200 million NXT deposited and later withdrawn were actually sold to someone else and not withdrawn by the original depositor before a sale.  

As for tracking individual account ownership - good luck with that.  Rough audits are all we will ever get to some level.  Technically you can set up new accounts and launder money from a genesis block through Dgex right back to yourself and nobody will ever know.  So it's possible that there is zero NXT outside the hands of the founders - except for what I got on Dec 19 for myself.

From http://www.cryptocoincharts.info/period-charts.php?period=1-month&resolution=day&pair=nxt-btc&market=dgex :

Date/  Low / High / Open / Close / Volume


2013-11-30 0.0010800 mBTC 0.0100000 mBTC 0.0011000 mBTC 0.0030000 mBTC 862,666.7 NXT
2013-12-01 0.0021500 mBTC 0.0112000 mBTC 0.0029900 mBTC 0.0040000 mBTC 899,123.2 NXT
2013-12-02 0.0039500 mBTC 0.0400000 mBTC 0.0039500 mBTC 0.0090000 mBTC 1,217,190 NXT
2013-12-03 0.0080000 mBTC 0.0200000 mBTC 0.0115000 mBTC 0.0149900 mBTC 1,929,033 NXT
2013-12-04 0.0025100 mBTC 0.0159900 mBTC 0.0149900 mBTC 0.0130000 mBTC 2,115,684 NXT
2013-12-05 0.0091000 mBTC 0.0159900 mBTC 0.0129000 mBTC 0.0099900 mBTC 10,466,245 NXT
2013-12-06 0.0092000 mBTC 0.1500000 mBTC 0.0110000 mBTC 0.0098000 mBTC 2,942,521 NXT
2013-12-07 0.0076100 mBTC 0.9000000 mBTC 0.0098000 mBTC 0.0088900 mBTC 1,946,122 NXT
2013-12-08 0.0025900 mBTC 0.0088900 mBTC 0.0088900 mBTC 0.0050000 mBTC 8,701,146 NXT
2013-12-09 0.0033400 mBTC 0.8500000 mBTC 0.0050000 mBTC 0.0040900 mBTC 13,247,832 NXT
2013-12-10 0.0022100 mBTC 0.0048500 mBTC 0.0041000 mBTC 0.0034400 mBTC 15,496,150 NXT
2013-12-11 0.0030000 mBTC 0.0100000 mBTC 0.0034100 mBTC 0.0083700 mBTC 13,327,436 NXT
2013-12-12 0.0000000 mBTC 0.0190000 mBTC 0.0088200 mBTC 0.0046500 mBTC 14,964,737 NXT
2013-12-13 0.0040100 mBTC 0.0063000 mBTC 0.0054300 mBTC 0.0050000 mBTC 11,138,190 NXT
2013-12-14 0.0045300 mBTC 0.0020000 BTC 0.0050400 mBTC 0.0020000 BTC 8,131,336 NXT
2013-12-15 0.0000200 mBTC 0.0980000 mBTC 0.0052000 mBTC 0.0090000 mBTC 10,613,943 NXT
2013-12-16 0.0025000 mBTC 0.0210000 mBTC 0.0093000 mBTC 0.0090600 mBTC 16,374,172 NXT
2013-12-17 0.0011100 mBTC 0.4000000 mBTC 0.0095000 mBTC 0.0101500 mBTC 12,462,745 NXT
2013-12-18 0.0030100 mBTC 0.0130000 mBTC 0.0108400 mBTC 0.0120000 mBTC 6,224,523 NXT
2013-12-19 0.0091000 mBTC 0.0148800 mBTC 0.0120000 mBTC 0.0126500 mBTC 15,328,515 NXT
2013-12-20 0.0009000 mBTC 0.0380000 mBTC 0.0127000 mBTC 0.0176100 mBTC 10,880,493 NXT
2013-12-21 0.0076100 mBTC 0.0680000 mBTC 0.0180000 mBTC 0.0309700 mBTC 13,546,732 NXT
2013-12-22 0.0095300 mBTC 0.1000000 mBTC 0.0320000 mBTC 0.0529800 mBTC 17,924,288 NXT
2013-12-23 0.0101000 mBTC 0.0650000 mBTC 0.0535000 mBTC 0.0483000 mBTC 12,302,729 NXT
2013-12-24 0.0412200 mBTC 0.0670000 mBTC 0.0451000 mBTC 0.0610000 mBTC 14,419,582 NXT
2013-12-25 0.0450000 mBTC 0.0999900 mBTC 0.0627000 mBTC 0.0949900 mBTC 14,128,473 NXT