Why is the Nxt forging return so low?

fudbuster

member

Activity: 83

Merit: 10

Quote from: 50cent_rapper on August 17, 2014, 02:47:24 AM

This shit is fixed in Crypti (XCR) where you forge not on your coins in wallet, but time of running node.

Theread: https://bitcointalksearch.org/topic/xcr-crypti-dapps-sidechains-dapp-store-open-source-100-own-code-dpos-654463
Whitepaper: https://github.com/crypti/whitepaper

Yup, Crypti's forging setup is far more fair than NXT's.

From Above

hero member

Activity: 700

Merit: 520

why is dem returns so low? cuz NxT is a fucking hardliner scam .. Spoetnik Approved™

~CfA™~

ShroomsKit_Disgrace

legendary

Activity: 952

Merit: 1000

Yeah! I hate ShroomsKit!

Forging is not about becoming rich, as mining could be. It is about securing your investment

Brangdon

sr. member

Activity: 365

Merit: 251

Quote from: Bizmark13 on August 17, 2014, 02:24:28 AM

So... What incentive is there for average people like me to forge?

To secure the network. The more honest people forging, the more resilient the network is to dishonest people. If you feel your 10,000 NXT isn't worth securing, you don't need to forge. A whale with 1,000,000 NXT will have more to lose, so probably will want to forge.

Basically, Nxt is not a currency for greedy fat cats to make money by doing virtually nothing.

50cent_rapper

legendary

Activity: 1344

Merit: 1000

This shit is fixed in Crypti (XCR) where you forge not on your coins in wallet, but time of running node.

Theread: https://bitcointalksearch.org/topic/xcr-crypti-dapps-sidechains-dapp-store-open-source-100-own-code-dpos-654463
Whitepaper: https://github.com/crypti/whitepaper

Bizmark13

sr. member

Activity: 462

Merit: 250

I entered a couple of numbers into the Nxt Forging Calculator which basically is an approximation of how much Nxt you can forge with your Nxt wallet. My goal is to have 10,000 NXT by the end of this year (and 1 BTC), but if I enter that number into the calculator, it turns out I will only get about 0.13 NXT per week (with 1 week being 168 hours).

Even at the height of Nxt's value, that is only 1 cent! Today, it's even much less than that! Sad

So... What incentive is there for average people like me to forge?

Even a Nxt whale with 1,000,000 NXT would only get 12.96 NXT per week. At current prices, that is under 50 cents!

Topic: Why is the Nxt forging return so low? (Read 1458 times)