NXT :: descendant of Bitcoin - Updated Information - page 711.

igmaca

full member

Activity: 168

Merit: 100

Quote from: igmaca on February 24, 2014, 08:13:13 AM

Quote from: farl4web on February 24, 2014, 08:10:03 AM

Quote from: ?? on ??

to put it in numbers
Account 1900 Nxt

1440 blocs per day
1 blocs per year with 1900 Nxt
fee per bloc (For example) 100
Profit per year 5.3%
5.3% must greater than cost of maintaining the node and remain immobilized the funds (oportunity cost)

If 1 Nxt = 1 dollar

Account with 1900 Nxt will generate 1 dollar for maintaining the node and remain immobilized the funds (oportunity cost)

When is the change of fee planned to 0.1 NXT? I think if NXT is been calculated more in decimals behind the comma(point), 1 NXT will get more valuable. Pure
psychological.

sorry

to put it in numbers
Account 1900 Nxt

1440 blocs per day
1 blocs per year with 1900 Nxt
fee per bloc (For example) 100
Profit per year 5.3%
5.3% must greater than cost of maintaining the node and remain immobilized the funds (oportunity cost)

If 1 Nxt = 1 dollar

Account with 1900 Nxt will generate 100 Nxt = 100 dollar for maintaining the node and remain immobilized the funds (oportunity cost)

Account 100000 Nxt

1440 blocs per day
52,6 blocs per year with 100000 Nxt
fee per bloc (For example) 100
Profit per year 5.3%
5.3% must greater than cost of maintaining the node and remain immobilized the funds (oportunity cost)

If 1 Nxt = 1 dollar

Account with 100000 Nxt will generate 5256 Nxt = 5256 dollar for maintaining the node and remain immobilized the funds (oportunity cost)

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: bitcoinpaul on February 24, 2014, 07:59:28 AM

Ok. To understand it better: are we talking about penalizing or not penalizing nodes who don't forge when they should do it?

Yes - it is part of BCNext's TF *plan* but IMO it isn't *necessary* and could actually harm the network health.

igmaca

full member

Activity: 168

Merit: 100

Quote from: farl4web on February 24, 2014, 08:10:03 AM

Quote from: ?? on ??

to put it in numbers
Account 1900 Nxt

1440 blocs per day
1 blocs per year with 1900 Nxt
fee per bloc (For example) 100
Profit per year 5.3%
5.3% must greater than cost of maintaining the node and remain immobilized the funds (oportunity cost)

If 1 Nxt = 1 dollar

Account with 1900 Nxt will generate 1 dollar for maintaining the node and remain immobilized the funds (oportunity cost)

When is the change of fee planned to 0.1 NXT? I think if NXT is been calculated more in decimals behind the comma(point), 1 NXT will get more valuable. Pure
psychological.

sorry

to put it in numbers
Account 1900 Nxt

1440 blocs per day
1 blocs per year with 1900 Nxt
fee per bloc (For example) 100
Profit per year 5.3%
5.3% must greater than cost of maintaining the node and remain immobilized the funds (oportunity cost)

If 1 Nxt = 1 dollar

Account with 1900 Nxt will generate 100 Nxt = 100 dollar for maintaining the node and remain immobilized the funds (oportunity cost)

farl4web

legendary

Activity: 1205

Merit: 1000

Quote from: ?? on ??

to put it in numbers
Account 1900 Nxt

1440 blocs per day
1 blocs per year with 1900 Nxt
fee per bloc (For example) 100
Profit per year 5.3%
5.3% must greater than cost of maintaining the node and remain immobilized the funds (oportunity cost)

If 1 Nxt = 1 dollar

Account with 1900 Nxt will generate 1 dollar for maintaining the node and remain immobilized the funds (oportunity cost)

When is the change of fee planned to 0.1 NXT? I think if NXT is been calculated more in decimals behind the comma(point), 1 NXT will get more valuable. Pure
psychological.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: wesleyh on February 24, 2014, 07:58:24 AM

Quote from: redsn0w on February 24, 2014, 07:54:18 AM

it works ?

yep :-)

I'm happy for you

, If you need an help you just have to ask .

l8orre

legendary

Activity: 1181

Merit: 1018

Quote from: Jean-Luc on February 24, 2014, 05:34:08 AM

In 0.8.1, I am adding the ability to use POST instead of GET for all API and UI methods, and optionally enforce use of POST for the methods that submit the user secret phrase. This is to prevent caching of the secret phrase in browser memory cache, and to prevent mistakes due to submitting the same request twice, as browsers are supposed to warn users when doing this with POST requests.

This wasn't possible before because everything shared the same port and POST was reserved for peer networking only. Now that the UI and API requests have their own servlets, there is no problem in making them accept both GET and POST. I am adding a nxt.properties parameter whether to enforce the use of POST for the methods that require it, or just accept both GET and POST.

I have already changed the NRS UI and the tools - admin.html, alias.html, message.html, to use only POST. Client developers preparing for the 0.8 branch should consider using POST where appropriate too.

I am planning to reelase beta version of nxtFreeRider later today.

Guess I can start off by hooking up POST instead of GET Grin

but should be no problem.

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: redsn0w on February 24, 2014, 07:33:00 AM

Quote from: bitcoinpaul on February 24, 2014, 07:29:03 AM

But if you forge a block now, are you able to forge the next blocks also?

yes of course

Ok. To understand it better: are we talking about penalizing or not penalizing nodes who don't forge when they should do it?

wesleyh

sr. member

Activity: 308

Merit: 250

Quote from: redsn0w on February 24, 2014, 07:54:18 AM

it works ?

yep :-)

rickyjames

full member

Activity: 196

Merit: 100

Quote from: gs02xzz on February 24, 2014, 07:43:15 AM

Quote from: CIYAM on February 24, 2014, 04:22:14 AM

Quote from: rickyjames on February 24, 2014, 04:16:21 AM

My gut feeling is that forging NXT will never be profitable for anybody.

I think it is going to be profitable for a few pools mostly and I predict that in the future most forging power will be locked up in ATs that act as "interest bearing accounts" (http://ciyam.org/nxt/nxt_dormant.html).

It is up to the community to make sure that we don't just end up with a small number of pools and a few hundred hobbyists.

If we worry we will end up with few pools, we can cap the pool size to force more pools being created.

In which case, forging NXT will never be profitable for anybody.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: wesleyh on February 24, 2014, 07:52:38 AM

Quote from: redsn0w on February 24, 2014, 07:47:30 AM

Quote from: wesleyh on February 24, 2014, 07:37:17 AM

Quote from: redsn0w on February 24, 2014, 07:36:40 AM

Quote from: wesleyh on February 24, 2014, 07:33:03 AM

@jean-luc i can't seem to quit the java process (from within my code). I tried sending kill(SIGTERM) and SIGHUP but it just seems to be ignored. Is there anything else I need to do?

reboot

From within my code.

with

Code:

kill -9 #ID process

thx

it works ?

wesleyh

sr. member

Activity: 308

Merit: 250

Quote from: redsn0w on February 24, 2014, 07:47:30 AM

Quote from: wesleyh on February 24, 2014, 07:37:17 AM

Quote from: redsn0w on February 24, 2014, 07:36:40 AM

Quote from: wesleyh on February 24, 2014, 07:33:03 AM

@jean-luc i can't seem to quit the java process (from within my code). I tried sending kill(SIGTERM) and SIGHUP but it just seems to be ignored. Is there anything else I need to do?

reboot

From within my code.

with

Code:

kill -9 #ID process

thx

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: wesleyh on February 24, 2014, 07:37:17 AM

Quote from: redsn0w on February 24, 2014, 07:36:40 AM

Quote from: wesleyh on February 24, 2014, 07:33:03 AM

@jean-luc i can't seem to quit the java process (from within my code). I tried sending kill(SIGTERM) and SIGHUP but it just seems to be ignored. Is there anything else I need to do?

reboot

From within my code.

with

Code:

kill -9 #ID process

gs02xzz

full member

Activity: 221

Merit: 100

Quote from: CIYAM on February 24, 2014, 04:22:14 AM

Quote from: rickyjames on February 24, 2014, 04:16:21 AM

My gut feeling is that forging NXT will never be profitable for anybody.

I think it is going to be profitable for a few pools mostly and I predict that in the future most forging power will be locked up in ATs that act as "interest bearing accounts" (http://ciyam.org/nxt/nxt_dormant.html).

It is up to the community to make sure that we don't just end up with a small number of pools and a few hundred hobbyists.

If we worry we will end up with few pools, we can cap the pool size to force more pools being created.

wesleyh

sr. member

Activity: 308

Merit: 250

Quote from: redsn0w on February 24, 2014, 07:36:40 AM

Quote from: wesleyh on February 24, 2014, 07:33:03 AM

@jean-luc i can't seem to quit the java process (from within my code). I tried sending kill(SIGTERM) and SIGHUP but it just seems to be ignored. Is there anything else I need to do?

reboot

From within my code.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: wesleyh on February 24, 2014, 07:33:03 AM

@jean-luc i can't seem to quit the java process (from within my code). I tried sending kill(SIGTERM) and SIGHUP but it just seems to be ignored. Is there anything else I need to do?

reboot

wesleyh

sr. member

Activity: 308

Merit: 250

@jean-luc i can't seem to quit the java process (from within my code). I tried sending kill(SIGTERM) and SIGHUP but it just seems to be ignored. Is there anything else I need to do?

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: bitcoinpaul on February 24, 2014, 07:29:03 AM

But if you forge a block now, are you able to forge the next blocks also?

yes of course

igmaca

full member

Activity: 168

Merit: 100

Quote from: igmaca on February 24, 2014, 07:28:47 AM

Quote from: igmaca on February 24, 2014, 07:12:36 AM

Quote from: igmaca on February 24, 2014, 07:02:35 AM

Quote from: marek3ball on February 24, 2014, 07:00:47 AM

Quote from: mephy on February 24, 2014, 06:41:07 AM

Quote from: igmaca on February 24, 2014, 06:19:07 AM

little hobbyists will be interested if forging every 2 to 3 days and profit must greater than cost of maintaining the node and remain immobilized the funds (oportunity cost)

I think forging should be more interactive.

For example:
Someone started a node with 10000 NXT, waited for 1 week, still 10000 NXT -> Boring.
plus no idea, if it actually worked or not, maybe even a false run.

Other example:
Someone started node with 10000, in 6 hours he get 10000.0001
Pool functionality but with no risk.
There are lots of people who can run a node at work with no cost (for them

). We should show them they can earn some doing nothing.

I dont start bitcoin / other miner coz a lot of cooler noise. NXT makes no noise

I see some connection between your idea and "Shared Forging". In case we can Share to 1000 accounts or equivalent of 1M NXT.

"Shared Forging" sounds to me much more better then "Leased Forging" which leads to big pools.

Today's Forging person with small NXT amount will wait 50 years to see forged block.
Shared Forging person will see progress every day or week and get 0.001 NXT and not 20 NXT every 50 years.

Forging / earning situation is disappointment for new people. And then they will talk bad about Nxt.

someone who understands me

finally Wink

if you only shared your rights fees forging power remains extremely decentralized. Forging power never lease

at the same time forging should be more interactive.

Little hobbyists will be interested if forging every 2 to 3 days and profit must greater than cost of maintaining the node and remain immobilized the funds (oportunity cost)

the key is automatically grouped all the accounts that want to shared your rights fees in bags 100000 nxt for example in every moment

accounts with more than 100000 nxt forged individually

bitcoinpaul

hero member

Activity: 910

Merit: 1000

But if you forge a block now, are you able to forge the next blocks also?

igmaca

full member

Activity: 168

Merit: 100

Quote from: igmaca on February 24, 2014, 07:12:36 AM

Quote from: igmaca on February 24, 2014, 07:02:35 AM

Quote from: marek3ball on February 24, 2014, 07:00:47 AM

Quote from: mephy on February 24, 2014, 06:41:07 AM

Quote from: igmaca on February 24, 2014, 06:19:07 AM

little hobbyists will be interested if forging every 2 to 3 days and profit must greater than cost of maintaining the node and remain immobilized the funds (oportunity cost)

I think forging should be more interactive.

For example:
Someone started a node with 10000 NXT, waited for 1 week, still 10000 NXT -> Boring.
plus no idea, if it actually worked or not, maybe even a false run.

Other example:
Someone started node with 10000, in 6 hours he get 10000.0001
Pool functionality but with no risk.
There are lots of people who can run a node at work with no cost (for them

). We should show them they can earn some doing nothing.

I dont start bitcoin / other miner coz a lot of cooler noise. NXT makes no noise

I see some connection between your idea and "Shared Forging". In case we can Share to 1000 accounts or equivalent of 1M NXT.

"Shared Forging" sounds to me much more better then "Leased Forging" which leads to big pools.

Today's Forging person with small NXT amount will wait 50 years to see forged block.
Shared Forging person will see progress every day or week and get 0.001 NXT and not 20 NXT every 50 years.

Forging / earning situation is disappointment for new people. And then they will talk bad about Nxt.

someone who understands me

finally Wink

if you only shared your rights fees forging power remains extremely decentralized.

at the same time forging should be more interactive.

Little hobbyists will be interested if forging every 2 to 3 days and profit must greater than cost of maintaining the node and remain immobilized the funds (oportunity cost)

the key is automatically grouped all the accounts that want to forge in bags 100000 nxt for example

Topic: NXT :: descendant of Bitcoin - Updated Information - page 711. (Read 2761645 times)