I'm thinking about creating a kind of fund to finance services related to NXT but not through giveaways but through no interest loans. It was said here that initial stakeholders are not active enough. Probably most of them (just like me) wanted to just earn some BTC of it. Don;t get me wrong - I'm a libertarian guy but like to have sth in my pocket also. As time passes I see more and more potential in NXT but this potential needs to be shown to wider publicity. There are many talented and creative people here who could use such fund for making sth extraordinary and all would profit from it in long term.
I can't say how to solve trust problem here and not proposing any specific conditions of loans. It's just a loose proposition of crating such fund. What do you think about it?
Topic: NXT :: descendant of Bitcoin - Updated Information - page 2373. (Read 2761626 times)
Important note
"pushThreshold" and "pullThreshold" r set to 0 by default, but everyone who run a public node should mark their nodes with at least 1 NXT, coz in the future these parameters may be set to non-zero values.
"pushThreshold" and "pullThreshold" r set to 0 by default, but everyone who run a public node should mark their nodes with at least 1 NXT, coz in the future these parameters may be set to non-zero values.
Is there a chance that a node won't be able to get it's proper weight and thus never connect?
I'm still not able to see all 10 nxtbase nodes in the active peers.
Observation regarding Mining/Refining.
Is it true to say that Nxt user's who only invest in a few hundred or even a few thousand or even a few hundred thousand Nxt have little to no chance of Mining/Refining any Nxt? Now or in the future?
The reason for my observation and question is not to moan but to get a realistic view on what is the incentive for new users to buy Nxt. I have a few hundred thousand Nxt and have not made any addition Nxt via Mining/Refining, but have kept the client running 24/7
When Nxt starts to take off and the price of Nxt rises, I doubt the average user will be able to buy 100,000's of Nxt. I also assume that most users that buy into Nxt would assume they will be able to earn interest via Mining/Refining? which is the reward for running the java client?
Is this how Nxt will always be? or will the balance of Mining/Refining power change over time?
Just thoughts...
Is it true to say that Nxt user's who only invest in a few hundred or even a few thousand or even a few hundred thousand Nxt have little to no chance of Mining/Refining any Nxt? Now or in the future?
The reason for my observation and question is not to moan but to get a realistic view on what is the incentive for new users to buy Nxt. I have a few hundred thousand Nxt and have not made any addition Nxt via Mining/Refining, but have kept the client running 24/7
When Nxt starts to take off and the price of Nxt rises, I doubt the average user will be able to buy 100,000's of Nxt. I also assume that most users that buy into Nxt would assume they will be able to earn interest via Mining/Refining? which is the reward for running the java client?
Is this how Nxt will always be? or will the balance of Mining/Refining power change over time?
Just thoughts...
In 1'000'000'000 blocks a guy with 153 NXT will have ~153 blocks mined. In the long run ROI is the same for everyone.
Observation regarding Mining/Refining.
Is it true to say that Nxt user's who only invest in a few hundred or even a few thousand or even a few hundred thousand Nxt have little to no chance of Mining/Refining any Nxt? Now or in the future?
The reason for my observation and question is not to moan but to get a realistic view on what is the incentive for new users to buy Nxt. I have a few hundred thousand Nxt and have not made any addition Nxt via Mining/Refining, but have kept the client running 24/7
When Nxt starts to take off and the price of Nxt rises, I doubt the average user will be able to buy 100,000's of Nxt. I also assume that most users that buy into Nxt would assume they will be able to earn interest via Mining/Refining? which is the reward for running the java client?
Is this how Nxt will always be? or will the balance of Mining/Refining power change over time?
Just thoughts...
Is it true to say that Nxt user's who only invest in a few hundred or even a few thousand or even a few hundred thousand Nxt have little to no chance of Mining/Refining any Nxt? Now or in the future?
The reason for my observation and question is not to moan but to get a realistic view on what is the incentive for new users to buy Nxt. I have a few hundred thousand Nxt and have not made any addition Nxt via Mining/Refining, but have kept the client running 24/7
When Nxt starts to take off and the price of Nxt rises, I doubt the average user will be able to buy 100,000's of Nxt. I also assume that most users that buy into Nxt would assume they will be able to earn interest via Mining/Refining? which is the reward for running the java client?
Is this how Nxt will always be? or will the balance of Mining/Refining power change over time?
Just thoughts...
https://bitcointalksearch.org/topic/nxt-mining-profitability-350020
Old post, with info that is outdated, but still the same concept. Though, I expect in the future the average base target value will be much lower, so lower profits.
We can draw a parallel with ASICs, as my GPU cannot even compete on the bitcoin network, so I don't buy mining rigs, I just buy bitcoin. So the same may be in the future of NXT, where only the early adopters really can mine decent amounts. Thankfully, we can avoid an arms race like we've seen in PoW coins. Once you own NXT coins, it's yours - there's no need to continuously buy more mining power.
Observation regarding Mining/Refining.
Is it true to say that Nxt user's who only invest in a few hundred or even a few thousand or even a few hundred thousand Nxt have little to no chance of Mining/Refining any Nxt? Now or in the future?
The reason for my observation and question is not to moan but to get a realistic view on what is the incentive for new users to buy Nxt. I have a few hundred thousand Nxt and have not made any addition Nxt via Mining/Refining, but have kept the client running 24/7
When Nxt starts to take off and the price of Nxt rises, I doubt the average user will be able to buy 100,000's of Nxt. I also assume that most users that buy into Nxt would assume they will be able to earn interest via Mining/Refining? which is the reward for running the java client?
Is this how Nxt will always be? or will the balance of Mining/Refining power change over time?
Just thoughts...
Is it true to say that Nxt user's who only invest in a few hundred or even a few thousand or even a few hundred thousand Nxt have little to no chance of Mining/Refining any Nxt? Now or in the future?
The reason for my observation and question is not to moan but to get a realistic view on what is the incentive for new users to buy Nxt. I have a few hundred thousand Nxt and have not made any addition Nxt via Mining/Refining, but have kept the client running 24/7
When Nxt starts to take off and the price of Nxt rises, I doubt the average user will be able to buy 100,000's of Nxt. I also assume that most users that buy into Nxt would assume they will be able to earn interest via Mining/Refining? which is the reward for running the java client?
Is this how Nxt will always be? or will the balance of Mining/Refining power change over time?
Just thoughts...
Why are the confirmations so slow?
Been waiting 70 hours now to get started on mining, and I've only got 48 confirmations so far, even got down to 47 now.
If I need 900 confirmations I'll need to wait an additional 53 days.
Any way to speed this up?
Been waiting 70 hours now to get started on mining, and I've only got 48 confirmations so far, even got down to 47 now.
If I need 900 confirmations I'll need to wait an additional 53 days.
Any way to speed this up?
maybe you disconnected somehow from the peers.
issue a restart of the client.
Pin
IMPORTANT:
people please go vote for:
logo
https://nextcoin.org/index.php/topic,6.120.html
symbol
https://nextcoin.org/index.php/topic,707.0.html
tagline
https://nextcoin.org/index.php/topic,692.0.html
Pin
people please go vote for:
logo
https://nextcoin.org/index.php/topic,6.120.html
symbol
https://nextcoin.org/index.php/topic,707.0.html
tagline
https://nextcoin.org/index.php/topic,692.0.html
Pin
Why are the confirmations so slow?
Been waiting 70 hours now to get started on mining, and I've only got 48 confirmations so far, even got down to 47 now.
If I need 900 confirmations I'll need to wait an additional 53 days.
Any way to speed this up?
Been waiting 70 hours now to get started on mining, and I've only got 48 confirmations so far, even got down to 47 now.
If I need 900 confirmations I'll need to wait an additional 53 days.
Any way to speed this up?
maybe you disconnected somehow from the peers.
issue a restart of the client.
Pin
Why are the confirmations so slow?
Been waiting 70 hours now to get started on mining, and I've only got 48 confirmations so far, even got down to 47 now.
If I need 900 confirmations I'll need to wait an additional 53 days.
Any way to speed this up?
Been waiting 70 hours now to get started on mining, and I've only got 48 confirmations so far, even got down to 47 now.
If I need 900 confirmations I'll need to wait an additional 53 days.
Any way to speed this up?
New build of the mac client which includes the 0.3.20 release:
https://copy.com/YL2vVHK7vXza
And I'm happy to say that this seems to solve the memory issue that plagued earlier versions, at least on my system. (It appears to have been related to the 0.3.19 experimental build).
If other users can test this as well and report back. There should be no need to force quit the app the first time any more.
More info here: https://nextcoin.org/index.php/topic,708.msg5475.html
https://copy.com/YL2vVHK7vXza
And I'm happy to say that this seems to solve the memory issue that plagued earlier versions, at least on my system. (It appears to have been related to the 0.3.19 experimental build).
If other users can test this as well and report back. There should be no need to force quit the app the first time any more.
More info here: https://nextcoin.org/index.php/topic,708.msg5475.html
Add pls NXT icon (for dashboard)..
An icon will be added soon! thx
Better use the icon that wins the vote in couple of days.
Pin
You are right, I will wait, although I do like the icon on thenxtcoin.com
In other news, another new mac client version:
https://copy.com/eZeM1dlEur3z
This one adds fullscreen support, and links to the forum and the wiki in the menu bar.
More info here for newcomers: https://nextcoin.org/index.php/topic,708.15.html
New build of the mac client which includes the 0.3.20 release:
https://copy.com/YL2vVHK7vXza
And I'm happy to say that this seems to solve the memory issue that plagued earlier versions, at least on my system. (It appears to have been related to the 0.3.19 experimental build).
If other users can test this as well and report back. There should be no need to force quit the app the first time any more.
More info here: https://nextcoin.org/index.php/topic,708.msg5475.html
https://copy.com/YL2vVHK7vXza
And I'm happy to say that this seems to solve the memory issue that plagued earlier versions, at least on my system. (It appears to have been related to the 0.3.19 experimental build).
If other users can test this as well and report back. There should be no need to force quit the app the first time any more.
More info here: https://nextcoin.org/index.php/topic,708.msg5475.html
Add pls NXT icon (for dashboard)..
An icon will be added soon! thx
Better use the icon that wins the vote in couple of days.
Pin
New build of the mac client which includes the 0.3.20 release:
https://copy.com/YL2vVHK7vXza
And I'm happy to say that this seems to solve the memory issue that plagued earlier versions, at least on my system. (It appears to have been related to the 0.3.19 experimental build).
If other users can test this as well and report back. There should be no need to force quit the app the first time any more.
More info here: https://nextcoin.org/index.php/topic,708.msg5475.html
https://copy.com/YL2vVHK7vXza
And I'm happy to say that this seems to solve the memory issue that plagued earlier versions, at least on my system. (It appears to have been related to the 0.3.19 experimental build).
If other users can test this as well and report back. There should be no need to force quit the app the first time any more.
More info here: https://nextcoin.org/index.php/topic,708.msg5475.html
Add pls NXT icon (for dashboard)..
An icon will be added soon! thx
0.3.20 is running good so far.
my blocks arnt updating, all i see is the 0 block. Do you still need to download the nxtfiles and put them in the nxt folder? Tryn to get scum nodes back online
U can download blockchain from scratches. Check ur list of well-known peers.
so for now, just 1 works, regardless of the amt of nxt in the account?
If u set 850 then only peers with 850+ weight r allowed.
And peers.nxt no longer exists, I guess theres never a need anymore to clear all peers by erasing that file?
Correct.
Also, I updated the coinmarketcap thread and asked them to use the absolute val that the new API returns for that account.
Don't forget that API returns 100-fold value (in cents).
my blocks arnt updating, all i see is the 0 block. Do you still need to download the nxtfiles and put them in the nxt folder? Tryn to get scum nodes back online
Important note
"pushThreshold" and "pullThreshold" r set to 0 by default, but everyone who run a public node should mark their nodes with at least 1 NXT, coz in the future these parameters may be set to non-zero values.
"pushThreshold" and "pullThreshold" r set to 0 by default, but everyone who run a public node should mark their nodes with at least 1 NXT, coz in the future these parameters may be set to non-zero values.
so for now, just 1 works, regardless of the amt of nxt in the account?
And peers.nxt no longer exists, I guess theres never a need anymore to clear all peers by erasing that file?
Also, I updated the coinmarketcap thread and asked them to use the absolute val that the new API returns for that account.
Version 0.3.20 - https://dl.dropboxusercontent.com/u/67242472/nxt.zip
...now total supply of NXTs can be determined by invoking http://localhost:7874/nxt?requestType=getBalance&account=1739068987193023818 (someone should tell this to the coinmarketcap owner)...
...now total supply of NXTs can be determined by invoking http://localhost:7874/nxt?requestType=getBalance&account=1739068987193023818 (someone should tell this to the coinmarketcap owner)...
that shows a balance of 200300, should that just be subtracted from 1000000000 or was that the wrong account?
U should looks at it in 0.3.20 version.
Version 0.3.20 - https://dl.dropboxusercontent.com/u/67242472/nxt.zip
...now total supply of NXTs can be determined by invoking http://localhost:7874/nxt?requestType=getBalance&account=1739068987193023818 (someone should tell this to the coinmarketcap owner)...
...now total supply of NXTs can be determined by invoking http://localhost:7874/nxt?requestType=getBalance&account=1739068987193023818 (someone should tell this to the coinmarketcap owner)...
that shows a balance of 200300, should that just be subtracted from 1000000000 or was that the wrong account?
New build of the mac client which includes the 0.3.20 release:
https://copy.com/YL2vVHK7vXza
And I'm happy to say that this seems to solve the memory issue that plagued earlier versions, at least on my system. (It appears to have been related to the 0.3.19 experimental build).
If other users can test this as well and report back. There should be no need to force quit the app the first time any more.
More info here: https://nextcoin.org/index.php/topic,708.msg5475.html
https://copy.com/YL2vVHK7vXza
And I'm happy to say that this seems to solve the memory issue that plagued earlier versions, at least on my system. (It appears to have been related to the 0.3.19 experimental build).
If other users can test this as well and report back. There should be no need to force quit the app the first time any more.
More info here: https://nextcoin.org/index.php/topic,708.msg5475.html
Add pls NXT icon (for dashboard)..
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