There isn't a whole lot of information out there on 5V solar stuff, but it's pretty straightforward anyway.

All you basically need is a load/charge regulator, a buffer battery and a fitting solar panel.

Then, if you can come up with a nice large battery pack behind the setup, it can basically run independently around the clock. Just disconnect the the large battery pack and charge back up on a sunny day.

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My OpenWRT router has way too little RAM, otherwise I would have gotten it on there by now.

I guess the best way to explain it is (taken from Peachy on emunie forums)


Lot of features NXT has planned (Decentralized P2P exchange, Secure P2P messaging system, etc.) has been implemented or will soon be in eMunie client. I know for sure that the messaging system and ENS(eMunie version of Alias) have been implemented in the client, as well as profiles and other social stuff. Don't follow NXT or eMunie as much as I used to as I have had classes start up again...so not sure what has and haven't been implemented in both yet  . I have and I can create a "Alias"(known as ENS in eMunie) in eMunie client which replaces my account number and I can do something like ["Jack" sent a transaction to "Jill"] instead of [13131ed1d2312312 sent transaction to 1343ldler2j3u3423] .  As someone who has had access to the eMunie client for the past month I find it enjoyable to just play around with. Don't use it as much though anymore as I haven't had much time on my computer.

I am someone that enjoys both NXT and eMunie though...as weird as it is  

The above is a very simplistic explanation, but it allows a way to visualize how the system works."

If someone is interested in power consumption of a RasPI-Nxt node, here is my overclocked RasPI-NXT node with optimiced clocks an voltages + wlan adaptor:


Now the green people can calculate the power consumption of the NXT network if they would run on RasPI's

Greets,
eb

EDIT: This is measured from wall!

Nobody? This is quite open bounty before we ask people directly and make them by our own

I think that's a question for James, not me.  NXTcash is a project he is very interested in, I think, but it is only one of many projects that would be vying for funds from this account.

Alias NXTcommunityfund = NXT Account 13776816462073143763

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At the high level I think allocating the NXTfund one third to tech, one third to marketing and one third for tbd is what makes sense.
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On the tech side, there are many new competitors and NXT already has in progress features that match or exceed almost all of them. klee has rightly identified zerocoin functionality as a strategic feature and put 1 million NXT of his to make it happen. I agree with him and as you know I am actively working on that project. What other significant tech features are needed to make NXT have everything it needs? At this point the only significant missing piece I see is a whole set of DAC's to combat etherium.
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I'm not sure, about to have a few people head that way to comment.

Already tried three times. They keep deleting comments with links to nxtcrypto in them

** Immediate Action **

Everyone, please take a minute to comment on the Nxt article on Bitcoin Magazine.

Nobody? This is quite open bounty before we ask people directly and make them by our own

I'm afraid that common people will see brushed metal or titan = silver.

Depends.

If we have a solution, it's good. If we don't, then it isn't.

What's the current status? I dropped out the other day because I needed some sleep.

NXT - 3D graphics: Update #04

Golden age is here.

I know that new design is suggested, I will look at it too.

All 3d renderings are here:
forums.nxtcrypto.org
nextcoin.org

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I appeal to the 50 million+ NXT holders to invest a small percentage into the NXTfund. 100% of the NXTfund will be spent to increase the value of NXT and it will do you more good than just sitting in your acct. Think of it as a cost of doing business. Of course, wait until you are comfortable with what the NXTfund is doing. PM me if you have any specific things you want achieved with your donation. Directed donations are fine.

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I am projecting a few months into the future and assuming Asset Exchange clients are released, Account Control is done, etc. If NXT had half a dozen meaningful and significant DAC's running and working, we will be ahead of etherium in real world functionality and installed base, possibly before they officially launch!

If anybody has any other big tech piece that NXT needs in the next 6 months, please post ASAP. What I need help with now is figuring out what the most important DAC's to have are. I am looking for specific proposals for DAC's that will add the most value to NXT. I am still a bit unsure as to what exactly DAC's can do, but from what I can tell, it can do pretty much anything you can imagine. Even non techies can help with daydreaming about the ideal set of DAC's for NXT. Post ideas please!

I hope that Pin can keep track of all the suggested DAC's and if there are more than 5 of them, we can vote to which ones the community wants. I am thinking of 100,000 NXT bounty for each of the top 5 DAC's that are implemented. The sixth DAC is the NXTcash DAC that will be funded from klee's bounty.

I have to quote this... looks really long.. but important to read.

That's right.   With Bitcoin early miners have their ASIC equipment depreciate.  Furthermore,  to keep up with the mining they have to consume power, do maintenance and acquire new rigs.

not funny
it's seems everything is built up to make fat-cat elephant
 i think after 3 years or 4 all nxt will be in few hands again.

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

Here's my take on it klee, complete with example economies.

That guy has some good thoughts, but he doesn't consider the fact that with PoW, due to economies-of-scale, it will always be easier for the rich to secure an increasingly greater percentage of the profit from mining. For example, the average joe will have to spend top dollar to buy one miner, but someone (or government/corporation) who has a lot of money can either buy them en-mass and receive a huge discount, or manufacture them directly at an even larger discount. This means that the little guy's slice of the PoW pie will get increasingly smaller because it will always cost him more to maintain his hash rate, while the rich who are already making a much higher ROI will always be able to maintain their advantage at a discounted cost.

In PoS the ROI is the same regardless of how much money you have. As a simple example, suppose we have a PoS network of 100 people, and they all have their accounts open for forging 100% of the time. The richest person has 5% of the total wealth, the poorest person has 0.01% of the total wealth, and everyone else has something in between. For simplicity's sake, let's assume this is a closed system and no new wealth enters the economy. Let's also assume the the richest person decides to be a "parasite to society and offer NOTHING back", i.e. he just sits on his 5% and collects fees from forging. Now, the poorest person doesn't have this option, so he decides to be industrious and starts a business that provides him a moderate amount of income that allows him to earn more than his cost of living/doing business. After one year in this economy the poorest person will still have no less than 0.01% of the total wealth thanks to the interest he earned on forging, and will in fact have gained extra wealth thanks to his successful business. Let's say he now owns 0.02% of the total wealth. Now let's look at the richest person. After one year of doing nothing except collect transaction fees from forging, he earns no more than 5% of the total interest from forging thanks to the way PoS forging works. However, he had living expenses, so we must subtract these from his earnings. Let's say he was wise and didn't exceed the amount that he earned from forging; however, when you subtract his expenses from his forging profits, his net income for the year is obviously less than 5% of all interest earned from forging that year. Since everyone else was also forging 100% of the time, this means his wealth has grown at a slower rate than even the person who earns just enough from his job to pay for his living expenses. Suppose this continues unchanged for the next 10 years. Each year the parasitic rich person's wealth grows at a slower rate than the basic forging interest rate, and each year the poorest person is able to increase his wealth at a greater than basic forging interest rate, thanks to his savings. This is just a little scenario to illustrate that in PoS, while the rich may be able to sustain their lifestyle by doing nothing but forge, their wealth will grow at a slower rate than anyone who has a job that can support their living expenses, so long as everyone is forging. Forging is a trivial task, so there is no reason why everyone shouldn't be able to forge. Who is rewarded the most in a PoS system? The industrious, just like in every other healthy economy.

Now let's take a look at a simple PoW economy. Again, let's suppose this is a network of 100 people, the richest person has 5% of the wealth and the poorest person has 0.01% of the wealth, and no new wealth enters the system. Lets be optimistic and assume everyone is committed to mining, and they all set aside 10% of their wealth to pay for mining hardware and electricity costs. The poorest person can only afford one of the newest ASIC miners, and since he is only buying one, he pays the full retail price. The richest person realizes that he can save a lot of money by manufacturing his own ASIC miners, and he can even sell some to the other members. So he sets up a nice little ASIC farm of 1000 miners for himself which he was able to finance for much less than full retail, and he pockets the money the poorest person and many of the other members gave him to buy one of his miners. So, at the end of the year, the richest person owns a large percentage of the 10% everyone set aside to pay for their mining costs,  and he was also able finance and operate his miners much more cheaply, giving him a much higher ROI. So the richest person has earned much more than 5% of all mining profits for the year, and the poorest person has earned much less than 0.01% of all mining profits for the year. The poorest person is a pretty industrious guy though, so he has his own business which has enabled him to earn a small profit, and he's doing okay, and he might just be able to justify upgrading to one of the new model of ASICs that the richest person is releasing for next year. His neighbor is not so industrious though, and he is thinking he won't be able to afford a new mining rig next year. Obviously, the richest person in this example is also industrious, because he set up an ASIC manufacturing business, but this is an opportunity that is only afforded to the rich. Lets say his neighbor, who is not quite as rich, and not as industrious, simply bought 800 ASIC miners from him at a 40% discount rate from full retail, and then sat back and did nothing all year except to be a "parasite to society and offer NOTHING back". Well, he is still receiving a MUCH higher ROI than the poorest person who could only afford one miner at full retail.

So, your guy was right in saying "the distribution of wealth in a bitcoin economy can be altered much more easily in comparison to a 100% PoS coin economy". It can be altered much more easily in favor of the rich than a purely PoS economy.

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