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Topic: NXT :: descendant of Bitcoin - Updated Information - page 219. (Read 2761645 times)

hero member
Activity: 910
Merit: 1000
But for now let's stick to Newton-like interpretation.

Boring.

Btw I found a picture of BCNext and CfB hanging out together. Don't know who is who, though...

hero member
Activity: 574
Merit: 500
Excuse me Gents, sorry to interrupt.... Embarrassed

CIYAM, you used the phrase "atomic cross chain transfers" earlier. Is that different to "atomic cross chain transactions"?


Just wanted to check, I am adding to the wiki Glossary and want it to be accurate (as possible).
Thanks Smiley
legendary
Activity: 2142
Merit: 1010
Newbie
Grin

we could just do 1 pow block every 24 hours and extend the active stake holding time out from 1 day to 3-7 days. (which it always should have been imo anyway). 1 pow block per day isnt that bad is it? and it would give us soooo much extra security.

Doesn't this ruin "transparency" of forging for blocks that r close to a moment when a PoW block to be generated?
legendary
Activity: 1722
Merit: 1217
there is 1 really solid solution that you arnt going to want to hear

What is it?

Let me guess, proof of work?

 Grin

we could just do 1 pow block every 24 hours and extend the active stake holding time out from 1 day to 3-7 days. (which it always should have been imo anyway). 1 pow block per day isnt that bad is it? and it would give us soooo much extra security for so little extra cost.

*edit* actually the holding time should be measured in POW blocks if we did something like this. say a holding period of 6 pow blocks for example would be SUPER secure.
legendary
Activity: 2142
Merit: 1010
Newbie
After I started working on Nxt my IQ went from 680 to 830. I hope this will be enough.

FIFY

LOL
sr. member
Activity: 336
Merit: 250
AKA jefdiesel
Well, I am lucky that my brain is quantum compatible.

What about yours?

After I started working on Nxt my IQ went from 680 to 830. I hope this will be enough.

FIFY
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
So, it comes down to: do we need an x > 1 and what for do we need that?

Yup - that's it in a nutshell - the two reasons we might need that are:

1. To help prevent "flood attacks" (by making the flooder have to attack more than one IP address)

2. To help improve "randomness" so things like the "lottery" (and other similar things) are viewed as "statistically fair".
legendary
Activity: 2142
Merit: 1010
Newbie
Well, I am lucky that my brain is quantum compatible.

What about yours?

After I started working on Nxt my IQ went from 68 to 83. I hope this will be enough.
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
You talked about the amount of randomness. What is that amount and how do we measure it?

Maybe, you could clarify that:

1) selectivity
2) randomness

So "selectivity" is how many nodes are "qualified" to forge next (whether there is 1 best one or x best ones).

Randomness really comes from "selectivity" as the more "selective" we make TF then the "less" random the forging gets (unless forgers machines are off or lose internet connectivity).

Thank you.

So, it comes down to: do we need an x > 1 and what for do we need that?
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
You rescued my brain. Cheesy

Actually, there will be some quantum effects when we get completely working TF (http://en.wikipedia.org/wiki/Multiverse is similar to one of these effects). But for now let's stick to Newton-like interpretation.

Well, I am lucky that my brain is quantum compatible.

What about yours?
member
Activity: 84
Merit: 10
as long as the Nxt AE troll box is "optional"!



isnt there an chat box for traders on nxt?

thats brilliant.. nxt asset exchange troll box lol
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
You talked about the amount of randomness. What is that amount and how do we measure it?

Maybe, you could clarify that:

1) selectivity
2) randomness

So "selectivity" is how many nodes are "qualified" to forge next (whether there is 1 best one or x best ones).

Randomness really comes from "selectivity" as the more "selective" we make TF then the "less" random the forging gets (unless forgers machines are off or lose internet connectivity).
legendary
Activity: 1181
Merit: 1018
Here is an update of todays payout on hashrate.org. I used the timestamps between payouts as the mining time. In 14h of mining between payouts I got 492 nxt. In one day this would give 843 NXT or 0.0555 BTC at current prices (cryptsy).

Factoring in my hashrate I end up with a profitability of: 0.00856 BTC/MH per day

For comparison traditional BTC multipool profitability of the last 24h:

- hashrate.org: 0.00856 BTC/MH
- clevermining: 0.00550 BTC/MH per day
- wafflepool: 0.00518 BTC/MH per day

Keep in mind that payouts on multipools vary greatly between days. I will stay on the pool and keep posting updates. So in the course of a week or two we should have a clearer picture. Anyways, the last payout was fantastic. Keep up the good work paradigmflux!

Hey Mann! Ich habe monsterviel mit den ganzen Nxt Projekten zu tun, und immer gedacht mining sei nur etwas mit massiver Investition in Hardware! Scheint's, ich habe nicht ganz richtig gelegen mit scrypt und GPU mining...

Ich habe hier noch zwei nvidia 7950 - könnte sich das lohnen? Ich scheue ein wenig den Aufwand das alles zu installieren, nur um dann vllt. feststellen zu müssen, daß sich das nicht lohnt...

Habe eine Tabelle mit miningPower und versch- GraKa Typen gesehen, kann das aber nicht einordnen...

Kannst du ein paar Zahlen nennen ??

...
Wow that was awkward .. I'm actually beginning to feel uncomfortable writing german .. drats..
legendary
Activity: 2142
Merit: 1010
Newbie
You rescued my brain. Cheesy

Actually, there will be some quantum effects when we get completely working TF (http://en.wikipedia.org/wiki/Multiverse is similar to one of these effects). But for now let's stick to Newton-like interpretation.
legendary
Activity: 1806
Merit: 1038
isnt there an chat box for traders on nxt?
- you are welcome - chat is in my signature.
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
thats brilliant.. nxt asset exchange troll box lol

Great idea - 1 NXT per message (will keep the forgers happy). Grin
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Agreed - so the remaining issues are of selectivity (does that bias things?) and then of randomness (unless we want another way to generate that).

You talked about the amount of randomness. What is that amount and how do we measure it?

Maybe, you could clarify these things and what is the issue/purpose of it:

1) selectivity
2) randomness

(Not only for me but for all)
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
You were talking about the Generation signature of previous block.

Not the next one.

Ok Smiley

You rescued my brain. Cheesy
sr. member
Activity: 336
Merit: 250
AKA jefdiesel


isnt there an chat box for traders on nxt?

i think this is it here
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
Because the probability of forging decreases when splitting accounts, that might seems highly unlikely.

Agreed - so the remaining issues are of selectivity (does that bias things?) and then of randomness (unless we want another way to generate that).

Also the *effectiveness* of TF (in terms of quick confirmations) is going to be determined by this (as we can't easily stop "flooding" attacks - but widening the number of IP addresses will make those attacks harder).
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