Topic: NXT :: descendant of Bitcoin - Updated Information - page 2535. (Read 2761645 times)

Stop deleting our blockchain! Move it to other place instead, plz.

Official client uses this icon:

http://88.198.210.245:7875/icon

API returns amounts in cents.

I run local server, and it stuck on 3072.
If I run clean install, it stuck on 3043.

Deleted blocks.nxt, three times got "catching up" and restarted Nxt.zip, now stuck at 3043 and cannot mine  

Stuck on same block

This is why everyone needs to run a local node.  When too many miners are on a node and the node goes down, the network slows down.

there is no white paper yet, but you can find some info here: https://bitcointalksearch.org/topic/m.3659712 .

Is there a white paper or more info on it (trying to avoid digging through 26+ pages on original thread)?

Stuck on block 3072, http://88.198.210.245:7875/ seems down

- yes, they are correct.  And 28.6 multiple is a super small multiple for such very risky project.

I'm trying to determine how much was originally paid per NXT coin (BTC/NCT). I've seen 1 billion NXT and a total pool of 21 bitcoins which would be 0.000000021 BTC per NXT, or 47,619,047.62 NXT per bitcoin. Lowest sale price I'm seeing is 0.0000006 BTC per NXT or 1666666.67 NXT per bitcoin. This would be a 28.6 multiple in price over original cost in the week or so since funding was closed. Are these figures correct or are some of the 1 billion still undistributed? Is there a link to these kind of statistics and market cap anywhere?

BCNext is holding the unclaimed coins of early investors.  Send Come-from-beyond a pm and ask him to help you claim your coins.

I am having a problem claiming my coins. The website is saying 'Already assigned to....' and is the hash of the hash. Is this normal? The coins are not showing up in the wallet I created yet. Does that take a while?

Currently, the transactions on the network are low.  This will change.

Right now, you have 100% mining potential simply by having your wallet open.  With other currencies that are part PoW and part PoS, a PoS only miner doesn't have a chance to generate all the blocks.  You have to invest in mining hardware to have a chance to generate every block.  With Nxt, you get 100% mining potential without having to invest in hardware and paying power bills.  You only have to purchase Nxt to mine.

Unlike mining hardware, Nxt doesn't go obsolete, it doesn't break down, you never have to replace it, it takes up no physical space, and it consumes no electricity.

You never have to worry about some new technology, like ASICs, undermining your mining investment because your mining investment is the currency itself.

Mining hardware depreciates because its capability of producing additional currency is diminished continually.  Nxt's capability of producing additional currency is set at a fixed rate.  Therefore, I can make the argument that Nxt simply used for mining purposes should not depreciate.  One Nxt today will produce the same amount of Nxt a hundred years from now.  When you consider that Nxt doesn't just have usefulness as a means of mining but also as a store of value and as a transactional medium, its value is apparent and appreciation is expected.

Also, Nxt is not inflationary like the other digital currencies.  If you purchase 100k Nxt today, you will always own at least 0.01% of the Nxt in circulation.  This is not true with Bitcoin or any other alt.  If I purchase 100 bitcoins today, tomorrow I will own a smaller percent of the bitcoins in circulation.  This will hold true until bitcoin reaches its cap of 21 million.

When the bitcoin block reward is solely composed of transaction fees, you will still need physical hardware to mine the blocks and claim the transactional reward.  This is not true with Nxt.

You need at least 100k Nxt coins to have a realistic chance at finding a block and receive the transaction fees from that block.

So mining is not netting anything?

Can anyone confirm this?

in NXT, 'mining' is only when you process transactions and receive a fee for it.  Or whenever the protocol decides there is a demand (based on the as yet to be released p2p decentralized exchange).  In either case, you must have coins already.  Look for one of the NXT giveaway threads.  IM me your NXT address and Ill send you some as well.  If I can.  Ive tried to send in the past but cant seem to get it to work.

At least thats how I understand.  Ive purchased a little chunk of NXT myself, and have my wallet unlocked in Java, but dont think Ive yet to gain any transaction fees.  Not sure how often I should see anything. 

No one has any input on my issue and question about mining...?

Just so you can be at ease, do what I did, check the blockchain online. If your funds were sent successfully, they should show there.