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Topic: NXT :: descendant of Bitcoin - Updated Information - page 2544. (Read 2761645 times)

legendary
Activity: 1232
Merit: 1001
says i can generate next block in 1 day 5 hours?? this has been running for 2 days already?

do you have to keep your pc switched on or not?

how can i have the same amount of coins for 2 days, it is stuck at 70000 for 2 days something is not right with it,

In the my transactions what indicates the confirms??


this is not mining, how to tell if it is even doing anything?



The timer is changed after each new block.

Hover cursor over "10+" to get exact number of confirms.

Look at Recent blocks to see if it's mining.

says over 2000 confirms, and blocks are coming in ...block 2356 now.

So is it mining?  and also if i had 70000 2 days ago should i have mined something by now?

The pc did shut down for a while, does it not mine if the pc is closed?


i thought i was 24 hours after getting first coins you could mine but 2 days later it is saying have to wait another 2 days 12 hours before i can generate the next block?

The more Nxt you have, the more you are "allowed" to mine. so if you dont have much you can only generate a block every few days. for me it says 17k days or something, i guess no mining then Tongue


This is a serious weakness that Nxt needs to overcome.

The wealth needs to be distributed more evenly, otherwise only a couple individuals mine all the blocks, which means that they can 51% attack the network whenever they want.  Yes, 51% attacks apply to POS as well as POW.

Could someone send me a few million Nxt to help even things out?

6247993745714329290

Thanks!


For a few million you would have to pay. It's currently worth over $900 (1 btc per million).


Well, it doesn't have to be a few million.
legendary
Activity: 2142
Merit: 1010
Newbie
Does NXT prevent the mining of conflicting branches? As a miner, can I choose to concurrently mine only forks than benefit me?

U can mine forks, but they won't be accepted unless u mined them having 51% of all coins.
legendary
Activity: 1498
Merit: 1000
says i can generate next block in 1 day 5 hours?? this has been running for 2 days already?

do you have to keep your pc switched on or not?

how can i have the same amount of coins for 2 days, it is stuck at 70000 for 2 days something is not right with it,

In the my transactions what indicates the confirms??


this is not mining, how to tell if it is even doing anything?



The timer is changed after each new block.

Hover cursor over "10+" to get exact number of confirms.

Look at Recent blocks to see if it's mining.

says over 2000 confirms, and blocks are coming in ...block 2356 now.

So is it mining?  and also if i had 70000 2 days ago should i have mined something by now?

The pc did shut down for a while, does it not mine if the pc is closed?


i thought i was 24 hours after getting first coins you could mine but 2 days later it is saying have to wait another 2 days 12 hours before i can generate the next block?

The more Nxt you have, the more you are "allowed" to mine. so if you dont have much you can only generate a block every few days. for me it says 17k days or something, i guess no mining then Tongue


This is a serious weakness that Nxt needs to overcome.

The wealth needs to be distributed more evenly, otherwise only a couple individuals mine all the blocks, which means that they can 51% attack the network whenever they want.  Yes, 51% attacks apply to POS as well as POW.

Could someone send me a few million Nxt to help even things out?

6247993745714329290

Thanks!

Lol nice try - I can send you 1m for 10btc but you can buy cheaper elsewhere.
As for the 51% attack a lot of coins (miilions) already change hands. May early adopters are selling them.
If the exchange is up soon then it will be no problem at all..
sr. member
Activity: 476
Merit: 250
says i can generate next block in 1 day 5 hours?? this has been running for 2 days already?

do you have to keep your pc switched on or not?

how can i have the same amount of coins for 2 days, it is stuck at 70000 for 2 days something is not right with it,

In the my transactions what indicates the confirms??


this is not mining, how to tell if it is even doing anything?



The timer is changed after each new block.

Hover cursor over "10+" to get exact number of confirms.

Look at Recent blocks to see if it's mining.

says over 2000 confirms, and blocks are coming in ...block 2356 now.

So is it mining?  and also if i had 70000 2 days ago should i have mined something by now?

The pc did shut down for a while, does it not mine if the pc is closed?


i thought i was 24 hours after getting first coins you could mine but 2 days later it is saying have to wait another 2 days 12 hours before i can generate the next block?

The more Nxt you have, the more you are "allowed" to mine. so if you dont have much you can only generate a block every few days. for me it says 17k days or something, i guess no mining then Tongue


This is a serious weakness that Nxt needs to overcome.

The wealth needs to be distributed more evenly, otherwise only a couple individuals mine all the blocks, which means that they can 51% attack the network whenever they want.  Yes, 51% attacks apply to POS as well as POW.

Could someone send me a few million Nxt to help even things out?

6247993745714329290

Thanks!


For a few million you would have to pay. It's currently worth over $900 (1 btc per million).
legendary
Activity: 1232
Merit: 1001
says i can generate next block in 1 day 5 hours?? this has been running for 2 days already?

do you have to keep your pc switched on or not?

how can i have the same amount of coins for 2 days, it is stuck at 70000 for 2 days something is not right with it,

In the my transactions what indicates the confirms??


this is not mining, how to tell if it is even doing anything?



The timer is changed after each new block.

Hover cursor over "10+" to get exact number of confirms.

Look at Recent blocks to see if it's mining.

says over 2000 confirms, and blocks are coming in ...block 2356 now.

So is it mining?  and also if i had 70000 2 days ago should i have mined something by now?

The pc did shut down for a while, does it not mine if the pc is closed?


i thought i was 24 hours after getting first coins you could mine but 2 days later it is saying have to wait another 2 days 12 hours before i can generate the next block?

The more Nxt you have, the more you are "allowed" to mine. so if you dont have much you can only generate a block every few days. for me it says 17k days or something, i guess no mining then Tongue


This is a serious weakness that Nxt needs to overcome.

The wealth needs to be distributed more evenly, otherwise only a couple individuals mine all the blocks, which means that they can 51% attack the network whenever they want.  Yes, 51% attacks apply to POS as well as POW.

Could someone send me a few million Nxt to help even things out?

6247993745714329290

Thanks!
nnn
newbie
Activity: 42
Merit: 0
Does NXT prevent the mining of conflicting branches? As a miner, can I choose to concurrently mine only forks than benefit me?
sr. member
Activity: 476
Merit: 250
Huh.. all of a sudden I can't restart Nxt anymore. It just crashes with:
"java.io.EOFException
Nxt stopped."

Edit: OK, I deleted the NXT files one by one, and the culprit seems to have been peers.nxt
Edit 2: I needed to delete all files after that in order for the blockchain to start downloading again, otherwise I was stuck at block 1.
The crash started to occur after having restarted the client a few times to be able to download the blockchain (it keeps getting stuck otherwise).
legendary
Activity: 2142
Merit: 1010
Newbie
Stuck on Block 2389 for a long long time

It's quite recent block. Restart the client without deleting any files.
member
Activity: 98
Merit: 10
Stuck on Block 2389 for a long long time
hero member
Activity: 597
Merit: 500
Pool mining is not advisable at this point: the coin is very young, not enough users yet, and pool mining might lead to monopoly or possibility of 51% attack or...  When we have +10K users then we may start thinking about that!

this is true but a pool would give new users mined coins, even if fractions.
since we are dealing with humans here, this would be a positive signal for nxt
and encourage users doing more and a pool isn't built this quick, so it makes
sense to think now about this.
hero member
Activity: 597
Merit: 500
how would a nxt pool work without granting the pool access to the account an therefore funds?
there is no getwork scheme or similar. if someone provides an abstract workflow i could try to
built on after finishing the blockchain explorer.

There is no "getwork" possible in Nxt. Trusting required for pooled mining.

well, have some doubts this will work esp. as soon nxt get some traction.

what about adding a special restricted pool account where only poolers can make
transaction in/out with a signed key without moving the funds but blocking them.
or adding a special announce flag to the client, indicating a unfakeable open
wallet status with an option to choose from some mining accounts mentioned above?

just some quick thoughts...
legendary
Activity: 1806
Merit: 1038
Trusting required for pooled mining.
- so it is not possible, unless BCnext himself will be pool operator :-))
hero member
Activity: 672
Merit: 500
Pool mining is not advisable at this point: the coin is very young, not enough users yet, and pool mining might lead to monopoly or possibility of 51% attack or...  When we have +10K users then we may start thinking about that!
legendary
Activity: 2142
Merit: 1010
Newbie
how would a nxt pool work without granting the pool access to the account an therefore funds?
there is no getwork scheme or similar. if someone provides an abstract workflow i could try to
built on after finishing the blockchain explorer.

There is no "getwork" possible in Nxt. Trusting required for pooled mining.
hero member
Activity: 597
Merit: 500
New coins are not generated at all. Miner's salary is paid only with transaction fees. An account must be unlocked to mine. Timer in [Recent blocks] is just an assessement, it's changed each new block. A few coins will generate a block very rarely, so we need someone to implement pooled mining.
Do we have a bounty for a mining pool?
What is the progress on the guy who said he will setup a centralised Nxt/BTC exchange?

how would a nxt pool work without granting the pool access to the account an therefore funds?
there is no getwork scheme or similar. if someone provides an abstract workflow i could try to
built one after finishing the blockchain explorer.
legendary
Activity: 1806
Merit: 1038
Thank you for sending me some coins.
Unfortunately it does not appear that I received any.
I only received the 1 sent by feeleeep
- here is your balance: http://88.198.210.245:7876/?request=getBalance&account=10703424152276466786  (in Nxt-cent).
Quote
"balance":9900
So you just need to catch the blocks up.

EDIT: sorry, it is not your balance!  Sent to your account.
legendary
Activity: 2142
Merit: 1010
Newbie
I still CANNOT delete red flagged peers!! This should be fixed in next Next update lol
Hope the name 'Next' won't be remembered for the 'next update' instead of 'Next Bitcoin' hehe

LOL

Don't delete peers, leave them alone.
legendary
Activity: 2142
Merit: 1010
Newbie
New coins are not generated at all. Miner's salary is paid only with transaction fees. An account must be unlocked to mine. Timer in [Recent blocks] is just an assessement, it's changed each new block. A few coins will generate a block very rarely, so we need someone to implement pooled mining.
Do we have a bounty for a mining pool?
What is the progress on the guy who said he will setup a centralised Nxt/BTC exchange?

No bounty for the pool AFAIK.
The guy said to wait for a couple of days.
legendary
Activity: 1498
Merit: 1000
I still CANNOT delete red flagged peers!! This should be fixed in next Next update lol
Hope the name 'Next' won't be remembered for the 'next update' instead of 'Next Bitcoin' hehe
legendary
Activity: 1498
Merit: 1000
New coins are not generated at all. Miner's salary is paid only with transaction fees. An account must be unlocked to mine. Timer in [Recent blocks] is just an assessement, it's changed each new block. A few coins will generate a block very rarely, so we need someone to implement pooled mining.
Do we have a bounty for a mining pool?
What is the progress on the guy who said he will setup a centralised Nxt/BTC exchange?
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