Topic: NXT :: descendant of Bitcoin - Updated Information - page 672. (Read 2761644 times)

So let's now extend our sample from 1 year to 10 years and see what we get:

blocks = 5256000
a: 10
b: 10
c: 10
d: 10
e: 10
f: 50
wins( a ) = 519010
wins( b ) = 517408
wins( c ) = 518301
wins( d ) = 517377
wins( e ) = 517117
wins( f ) = 2666787
best_streak( a ) = 6
best_streak( b ) = 5
best_streak( c ) = 6
best_streak( d ) = 7
best_streak( e ) = 8
best_streak( f ) = 22

Again "f" has around 50% of the blocks and he has improved on his longest "winning streak" but only by 2 more.

So it's starting to look as though without any sort of change (be it penalty or other) we would really want to have a few more than 22 confirmations to be comfortably "safe" from such an attack.

So let me now run a simulation over 1 year (I won't include each winner but I hope you can agree from the day example the calculations being made by the simulator are fine).

blocks = 525600
a: 10
b: 10
c: 10
d: 10
e: 10
f: 50
wins( a ) = 52004
wins( b ) = 51687
wins( c ) = 51995
wins( d ) = 51717
wins( e ) = 51370
wins( f ) = 266827
best_streak( a ) = 5
best_streak( b ) = 6
best_streak( c ) = 7
best_streak( d ) = 6
best_streak( e ) = 5
best_streak( f ) = 20

So once again "f" has roughly 50% of the best blocks but more interestingly he has now managed a "best streak" of 20 blocks in a row (double what we have currently being considering to be "safely confirmed").

Clearly if we do nothing about this situation then we would be facing a potentially rather nasty problem (especially as in these examples "f" only has 50% of the stake rather than >50% of it).

@rickyjames: got to agree with LiQio. Too many colours.
I'll have a quick proof read of the text in the next couple of hours, and get that back to u.
Any friendly graphics dudes want to have a go at cleaning up the layout?

As maths and stats are not something so easily understood by everyone I've created a little simulation program to help visualise things.

It doesn't try to take into account timing and just works out the best block based upon a random number and your stake (so I set it up with some hard-coded balances and then each time I run it I get different output but always with similar results as you'd expect).

Here an example of a simulation of 1440 blocks (i.e. 1 day assuming max. number of blocks per day were found).

blocks = 1440
a: 10
b: 10
c: 10
d: 10
e: 10
f: 50
fafcfbffaefdfebfddffaafcffaffcfffacfebfedffffbffbfcfdfabfffdcffafcfbfcaccbecbdf eedffcbefafcffffbcffffffcfbffbffccbffffffffffffcffefd
cfafcbfdacbfeffffdcfeffefffafffcadcffabfbffffecfbfbdfdffffaecbdbffffffcddefffcf cefdebaeaffdbbfbcbcfafbdefafdffaffeffefbfffceaefffffb
ffabfffccbcdbbffceeccfbdefcffbfddbccfadffffffbffffbdabfcffacfbbdfafdffedffeefce ffbbfafcebefffffecfffffcdfaefabffbbfaffcffffffffebeef
ffbfbffdfdbabfecfeffefbacffcfbddefccdecfeeffbadfdfbadeddfecfccbcddbeaeffadabfec fcffffaafffaecfaffefffeebfffcffffbffffdaffffffafcfffb
fcdbfbcfdfffadccfefbdffffeffadaedfffabfdfcfcfaeaffedffddfffffcbdffdffdffdbfefff cabfefcafbeffdeabfdefdeffdfaddfacfdbfeebaccbffeefcfff
bfdfffefffffefffffbeffbbffceaafbfefcfbdcfdfcfdffffeffffedcfeffbfafffecfdfaffbce fafffffbbafffeccafffefafaffafffaaefffbbeefccddafefccf
efcfbfffbffbfcfffbffcffecffffffaafbfffeefeadaacffbfffdfebfcffffefffffdacdefdeac fbfffddfcafffefffffefcbbaadfdcafffefdfffefffffcfbfebb
bfdffcffbdbaafeffffcadfefbfcffbfeefcefbeefbddfdfffbdfffabcbafeddbfabfafeffdfffb efcfbeffffedfffaebedffbfffcfeffcbfafffbffdddfffaffcff
bffdffaeecfdfffbfffabfbaffffffffdeadffefbacdfdeffdfeeafffbffffcfdfdefedbccaffaf bebfeffcefffffdfffcedbbffecfacdefffeffcfeeccfedcccfdf
ffffceffceedddeffaeffebfefedfdfbffbfffbfcffffbfeffafccffffeffecffdffafcffefefff dfffffdafcafffeffffaffffffbfeffaffeffffcfcfdefcfcbaff
eeebbfcfffffccffbfcfaaeffafbffbbfffefeffcfbfbfefccdffbfbbffbcdeceffffffafcfcadf affdfdcfecffadffffdbbbffffafafbfcffeffbee
wins( a ) = 116
wins( b ) = 153
wins( c ) = 151
wins( d ) = 130
wins( e ) = 162
wins( f ) = 728
best_streak( a ) = 2
best_streak( b ) = 3
best_streak( c ) = 3
best_streak( d ) = 3
best_streak( e ) = 3
best_streak( f ) = 12

The wall of text is the "letter" that I've used to name the account holder who was the "lucky miner" and I've bolded the longest running "streak" of wins that have occurred.

So we can see that account "f" won 728 of the 1440 blocks which makes sense as that account has 50% of the stake.

Another interesting point is that in 1 day "f" was able to find the best block 12 times in a row (not something good at all if we are trying to avoid a so-called >50% attack).

And highest generator has Balance Total   :   50,005,026 NXT

that account has generated 15% of blocks

That was wrong link anyway

Top generators: http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=35

The highest generator has generated 15% of blocks. The number 2 and 3 have 8%

4, 5 are about 4%

number 60  is 0.2%

Bah, I think that was some sort of rogue, orphaned block. Ah well.

Close but it doesn't show their stake (so a little tricky to quickly work out what I want to) although it is rather interesting if you click on a few of those to see their current balance.

The top generators one is closer although it would be better if it could be just "top generators for the last 30 days".

Top miners
http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=31

Top generators: http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=35

Version 0.3.4 of Nxs is how up on GitHub

All API / UI server requests are now done through POST (with a config option for GET for backwards compatibility with Nxt versions prior to 0.8 ).

Nxs now has a sidebar for navigation (similar to the nxtra.org NXT Wallet's) because the advanced Nxt features such as Messages, Aliases, Asset Exchange, etc. won't fit into the navigation bar at the top. Aliases have now been implemented and can be registered and updated on the Aliases page. If you choose "Nxt Account" as your type, the Nxt account number URI will automatically be wrapped with "acct:" and "@nxt" so the full URI is something like "acct:0000000000000000@nxt". This is an attempt to help push a standard for Nxt account number alias URIs in solidarity with wesley's NXT Wallet app. In the future, these account numbers will be able to be entered as the recipient in a transaction as well.

Also, aliases now show up in their registering and updating transactions on the Transactions page.

Along with the new side bar, the pages interface has been completely revamped to show only one page at a time instead of the old navigation system where you could toggle widgets on and off and display multiple widgets at a time. The initial version with toggling widgets made too much of an attempt to emulate Nxt's default NRS GUI instead of rethinking the interface altogether.

Rate of requests for new data is now adjustable in "assets/js/config.js" allowing Nxs to potentially run more smoothly on older computers. Repo available here along with installation instructions and the full change log can be found here. New screenshots can be found here.

You meant "nxt.peerServerPort"?

Whilst I am waiting for CfB to come online to discuss TF it would be very helpful if someone could create a blockchain statistical chart that specifically tells us the number of blocks found by the top 100 forgers along with their relative stake (over say the last 30 days) or has someone already got this on a website (I couldn't find this particular chart)?

PM brooklynbtc. He created it and sends out the email invites.

Ey, why am I not invited to the Google+ group?!

Choboy, I've sent you a PM.

Also -- James is cooking up some very, very cool things for end users to create their own coins.

re: price speculation -- that's the one thing i **LOVE** about this thread; we don't get bogged down in price. Yeah, sometimes we joke and half-heartedly take a stab at starting a HODL meme. We'll get a 'TO DA MOON' every 30 pages or so. Occasionally talk about hitting $1, or $10, etc, and what kind of market cap would be needed to support that.

The reason it's cool we don't talk about it much is a lot of folks here are involved with various projects. I don't think there's much time for 'daydreaming', as fun as it is. Let me retrace that a bit -- we spend time daydreaming about features and functions and services, and not so much price.

Compare Nxt's TPS, and TF, and AE, and future services in context of its total coins in circulation vs. everything else out there. An ecosystem vs. one trick ponies.

Misc:

If this post lands on page 1958, my birthday page will be in 11 pages.

and: a few pages back I mentioned every day was like Christmas morning in the Nxt world... I received **TWO** donations today!

AND... did I just FORGE MY FIRST BLOCK???

[2014-02-26 01:27:45.428] DEBUG: Account 13891739725946840876 generated block 7618915659976390890

In my transaction list it shows I received 1 NXT and instead of a user icon, there was a block icon. That block generated less than 30 seconds from me opening my laptop for the first time today. Crazy!

+1 Couldn't've said it better.

good

Indeed, i am interested. Have there been any discussions about that on public forums, if yes where?
Who has set a bounty for that?

We need a campaign to get NXT to the right value. With some sponsorship I think I can manage just that.

I will start up a project to attract NEW investors (read NEW money).

more comming up...

for sponsering: 12088507821025750338