NXT :: descendant of Bitcoin - Updated Information

[bennylou]

I don't understand what's all this discussion about. Who would want to delete his post. The guy just accidentally deleted it and stated screaming here and there. There are lots of stupid posts from trolls which are not deleted, so why the hell Graviton would delete such ordinary post. Calm down people.

That's great, you don't understand what the discussion is about, and yet assume I deleted it, and I'm trolling. thanks.

btw.  I'm the one that said I would be accused of deleting my post, which I did not. But good on you for picking up those reins.

I do not delete valid posts. I know nothing about this and don't have time to look at it right now. I need to prioritize forum rumours / paranoia / discussion mishaps from individual persons rather low. Thanks

Thank u. That guy was trolling, maybe he deleted his own post...

No thank you..  for continuing to call an investing person of NXT a troll ..2nd time? Come-from-Beyond, developer of NXT.. and not actually answering the questions or joining in the conversation (not only me) on how a system so weighted for the founders and high stake holders, it creates a no-loss system of block rewards for those same founders and high stake holders, only, while maintaining their majority stake.

I will say I find it interesting that my post count still reads as 6, but only 5 of my posts actually exist in that thread (not including the one that has disappeared).. Mmm.. If I had deleted my own post, which I clearly would not, wouldn't it only say... 5 posts?  If you go into my posts you can still see it in fact..  How did I somehow "accidentally delete it" but somehow create a way for it to still exist in my post count?  haha  

https://nextcoin.org/index.php?action=profile;area=showposts;u=4657

Thanks for pretending to be interested in what happened, and then flipping to call me a troll, again, immediately after though. That's rich.

it seems others have been enlightened by the forging, and they seem interested, and that's a good thing.
really, bye now.

[Come-from-Beyond]

Could be. But the headless JRE has all the required libraries to run NXT, correct?

Yes.

[Come-from-Beyond]

Come-from-Beyond, developer of NXT.. and not actually answering the questions or joining in the conversation (not only me) on how a system so weighted for the founders and high stake holders, it creates a no-loss system of block rewards for those same founders and high stake holders, only, while maintaining their majority stake.

I proved u wrong by providing a link to a very small stakeholder who had found a block. Sorry, but I don't have time to explain u why u was wrong. Start from http://en.wikipedia.org/wiki/Statistics and google the rest by urself.

[fishyfishy]

Hey guys,

I see there is a lot of info here, but I can't find what I am searching...

I want a NXT mining calculator. There is such a tool?

[Jean-Luc]

Maybe CfB can comment on the dev team's desire to manage a NXT marketing campaign?

Ask Jean-Luc, he is the captain.

Manage? Not me, I have no time and abilities for that. I hardly have the time to catch up with the posts here. Developers should do coding, marketeers should do marketing. Otherwise yes, I agree the marketing campaign is very important.

[dzarmush]

Hey guys,

I see there is a lot of info here, but I can't find what I am searching...

I want a NXT mining calculator. There is such a tool?

https://nextcoin.org/index.php/topic,104.0.html

[Jean-Luc]

I just feel that NXT absolutely has to run on 512 Mb with no issues, and openjdk-7-jre-headless seems a better choice vs openjdk-7-jre.

It is not there yet, but I agree, it takes more memory than it should now.

The memory leak that I fixed is not related to headless/headed differences, if any. I have only used the Oracle JVM, can't comment on openJDK.

There is still room for optimizing the memory usage, we create a lot of objects unnecessarily which even if not a leak puts an extra load on the garbage collector.

[dzarmush]

That's great, you don't understand what the discussion is about, and yet assume I deleted it, and I'm trolling. thanks.

btw.  I'm the one that said I would be accused of deleting my post, which I did not. But good on you for picking up those reins.

Okay, maybe you didn't but who would delete your lousy post? It was just ordinary post like thousands of others.

[rickyjames]

Hey guys,

I see there is a lot of info here, but I can't find what I am searching...

I want a NXT mining calculator. There is such a tool?

https://nextcoin.org/index.php/topic,104.0.html

There is no mining in NXT.  If you have your wallet client open, you occasionally earn a minimal fee for processing a block ("forging") when it's your turn.  It isn't your turn very often.  The more NXT in your wallet, the more often it is your turn.  From a previous post of mine:

"Another way of saying this is that if you run a forging node (open wallet) with 1000 NXT with everyone else online, you will earn only 1 NXT for every 1 million NXTs that are charged as fees.  Thus you will "double" your 1000 NXT initial forging stake only when THE ENTIRE AMOUNT OF AVAILABLE NXT has cycled through once not as transactions, but FEES.

Maybe it's just me, but I gotta say that forging does not seem to be a very good motivation for running a node."

Actually it's a little more complicated than that, but trust me, you're not gonna get very far on NXT with a miner mindset.  NXT was designed as its key feature to totally eliminate mining.

[mcjavar]

Marketing...

There will be a Bitcoin Conference in February in Berlin.

http://www.mediabistro.com/insidebitcoins/

Since I am from Vienna, I would love to represent Nxt on this venue. I would fly over to Berlin and use the 2 days to spread the word, let others know about Nxt.
I believe in Nxt and am sure that we will benefit from it having someone around at a venue like this, that´s why I will fund the whole journey myself, but

donations to buy the tickets, pay for the hotel and flight is much appreciated!

11433600460445633305

[Come-from-Beyond]

Another way of saying this is that if you run a forging node (open wallet) with 1000 NXT with everyone else online, you will earn only 1 NXT for every 1 million NXTs that are charged as fees.  Thus you will "double" your 1000 NXT initial forging stake only when THE ENTIRE AMOUNT OF AVAILABLE NXT has cycled through once not as transactions, but FEES.

U don't take into account compound percentage.

[rickyjames]

Another way of saying this is that if you run a forging node (open wallet) with 1000 NXT with everyone else online, you will earn only 1 NXT for every 1 million NXTs that are charged as fees.  Thus you will "double" your 1000 NXT initial forging stake only when THE ENTIRE AMOUNT OF AVAILABLE NXT has cycled through once not as transactions, but FEES.

U don't take into account compound percentage.

Which is why my next sentence says "It's a little more complicated...".  I understand better (though probably still imperfectly) about the forging system.  To me the key point is there's a random aspect about it (you get all the transaction fees in a block you process and who knows what those fees will be) so you can never accurately predict what you will make via forging.  There is no formula.  

To summarize forging in a single sentence to an outsider, I think you have to make a Louis Armstrong statement ("If you have to ask what jazz is, you ain't never gonna know") - if you care about how much you're going to make via NXT forging, it won't be enough to motivate you.

[mvag]

Hey guys,

I see there is a lot of info here, but I can't find what I am searching...

I want a NXT mining calculator. There is such a tool?

If you have an account with some NXT on it, go to this URL, replacing the last chunk of it with your account number:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=XXXXXXXXXX

Have a look at "Mining Ratio" - it estimates how much NXT you would mine with your account by now if started at the very beginning.

[zhangdu]

Hey guys,

I see there is a lot of info here, but I can't find what I am searching...

I want a NXT mining calculator. There is such a tool?

https://nextcoin.org/index.php/topic,104.0.html

There is no mining in NXT.  If you have your wallet client open, you occasionally earn a minimal fee for processing a block ("forging") when it's your turn.  It isn't your turn very often.  The more NXT in your wallet, the more often it is your turn.  From a previous post of mine:

"Another way of saying this is that if you run a forging node (open wallet) with 1000 NXT with everyone else online, you will earn only 1 NXT for every 1 million NXTs that are charged as fees.  Thus you will "double" your 1000 NXT initial forging stake only when THE ENTIRE AMOUNT OF AVAILABLE NXT has cycled through once not as transactions, but FEES.

Maybe it's just me, but I gotta say that forging does not seem to be a very good motivation for running a node."

Actually it's a little more complicated than that, but trust me, you're not gonna get very far on NXT with a miner mindset.  NXT was designed as its key feature to totally eliminate mining.

this is the rule of NXT game, God knows, what will happen in tomorrow! rich will be more richer, poor will not be worse,but steady!!
NXT can go to the moon or even mars, or only plays inside cricle at home by stakeholer, never go outside the door. NXT game seems near to me but only seems, it's far for more than 90% account registed.   

[laowai80]

I personally plan to start some forging when we get more stability with the software, hopefully in the next month or two. At the moment NXT has to be restarted too often, account unlocked every time, etc. It's too much of a hassle now. When NXT can run for a few days without getting stuck, I'll start forging. Maybe even on that Raspberry or Android app when it allows that.

[zhangdu]

好像还没看到NXT的中文名字，我帮着取了两个，各位看看合适不。
1，朴实无华接地气：加瓦币
2，高端大气上档次：嘉威币

[pandaisftw]

I personally plan to start some forging when we get more stability with the software, hopefully in the next month or two. At the moment NXT has to be restarted too often, account unlocked every time, etc. It's too much of a hassle now. When NXT can run for a few days without getting stuck, I'll start forging. Maybe even on that Raspberry or Android app when it allows that.

I was thinking about purchasing a raspi just for forging, but I too will wait for the new version that is coming soon and see how the memory usage is then. But as of now, forging on my desktop (with tons of ram), I've had very few problems.

[bizz]

Someone is very rich & very interested in NXT:

Dgex' Account Went Down 20mil LOL
https://nextcoin.org/index.php/topic,1658.0.html

Rocket launch countdown?

[Come-from-Beyond]

Someone is very rich & very interested in NXT:

Dgex' Account Went Down 20mil LOL
https://nextcoin.org/index.php/topic,1658.0.html

Rocket launch countdown?

Winklevoss twins?

[laowai80]

Someone is very rich & very interested in NXT:

Dgex' Account Went Down 20mil LOL
https://nextcoin.org/index.php/topic,1658.0.html

Rocket launch countdown?

Winklevoss twins?

Suppose it's a very rich hacker and he sets up a hallmarked node against all that stash, all nodes would start downloading from that rich node exclusively? Do we get chain forks again in that case? Suppose he doesn't care about money and his purpose is to destroy NXT. What can we expect here?