I think the thing you are missing with Nxt is that EVERYONE had to pay to get in on the coin. There was no "pre-mining" and the forum originated here on this board. The creator put in 1 BTC of his own money to get part of the genesis block. Every early investor was capped at 1 BTC to invest. All new investors can invest as much as they want. If you invested in the first week, you would have got 1M Nxt for 1 BTC after it was officially released, which has gone down to 100k for 1 BTC currently. The early investors invested in a coin that wasn't even released and was just "supposed" to be released. That was a huge risk for them in doing so.

It's like buying any new cryptocurrency early, you take a huge risk. Also you are forgetting that the only way to mine coins is to to hold a share of the coins. Instead of the dependency on ASICs, GPUs, CPUs, etc. You can run the client on any computer that handles Java and it mines as well as mining on a high end computer using the same client, since all that matters is the amount of Nxt you hold.

This is not a coin where you "mine" to get new coins in blocks. You "mine"(forge/get interest) coins that were part of transaction fees that were part of other transactions between other trades. Same thing happens with any cryptocurrency (the transaction fee) once the creation of new coins ends.

All you need to know on how to mine
http://nextcoin.org/index.php/topic,4.0.html

Do what probably others did and make an SHA256 password from the calculator linked in the original thread.

The thing is that the source code isn't even fully released till January.

Also BCNext likely owns just as much as anyone else. So I doubt he wants Nxt to fail.

If you lost coins on cryptsy...should ask them in support. I did to get my lost coins back. Probably is best to ask them nicely though. They were pretty polite to me.

I think some poster on the forum asked the owner of the website to do it....just to get it more in public view. I was worried it would cause negativity especially because the client is still in alpha/beta lol.

Dgex.com is an exchange that is selling it. Or you can ask someone who owns Nxt to  donate or something.

it bounced back though...  

wish I was at home...could have bought around 50k for .000002 BTC each (.1 BTC worth) LOL...back to .00001 it goes...

I don't get why people think this is a scam coin. I would really like to know.

-The forums and exchange was created by an investor in the coin not even the creator of the coin to get the coin more known by the public.

-EVERYONE had to pay to get coins from creator on down, hence there was no pre-mining. People in the beginning got it the cheapest, but nothing different than any other altcoin or bitcoin in the beginning. The reallllly early investors took the risk of it getting even released. The thing was even capped at 1 BTC per person.

-Nxt mining(forging) are exchanged by transaction fees, just like how Bitcoin or any other coin will be once they stop creating new coins.

If anyone is really worried. I will buy 100k Nxt for .000001 BTC = .1 BTC... and take the Nxt off their hands though  

The more Nxt you hold, the higher percentage you get of getting a block.

Sorry not much of a techy..

Maybe these quotes help from the original thread?

"1'000'000'000 NXT in existence. This is cap. No inflation at all. Generation is from transaction fees only."

A question was posed. "Ok. so i still haven't really understood this.  The mining reward is based on the total coins you hold?  Or just the likeliness that you will mine something?  Is it just based on how much you hold?  So say if i hold 100,000 coins.  My chances of mining a block at 100,000 / 1 000 000 000 = 0.1% per block?"

which Come-from-Beyond replied...
"In the long run u will mine 1 block of 10000 (0.01%)."

link to original thread.
https://bitcointalk.org/index.php?topic=303898.msg3701780;topicseen#msg3701780

For people that don't know, since there seems to be a lot of people confused...

This is a descendant of bitcoin. NOT another alt-coin. It's part of the "second generation of cryptocurrency" group .

1.) The forum and exchange ARE NOT created by the creator of Nxt. BCNext was/is the creator of the coin and is so paranoid with everything that he has Come-From-Beyond post for him whatever he wants, such as the updated client and such which has been constant because its still having some bugs ironed out. The creator of the forum and exchange is just another enthusiastic investor in the coin.

2.) The coin IS NOT "pre-mined". EVERYONE had to pay a fee to get in on the coin, even the creator of the coin. The coins were given from the genesis block in the beginning and is spread out to the rest of the investors as time goes on. The coin STARTS with 1 billion in circulation and transaction fee's from the coin is what is "mined"(forged) and given out.

The way its done is like this. You ask/buy Nxt from the exchange or any holder of Nxt. You load up the client and the program that is needed to start the mining(forging process). With at least 1 Nxt, and after a day of leaving the client open, you can start to mine(forge) Nxt with the client, although it would take a long time do get anything with just 1 Nxt. There is no need for any ASIC's or requirements of CPU, GPU, etc. all you need is some Nxt to start the mining(forging) process. You can run the thing on a 3 year old netbook, which runs an AWESOME Intel Atom Processor  (which is what I am using) and it mines(forges) the same rate as a high-end desktop, miner, whatever. Also it doesn't matter if you have 10 computers running the client or just 1, there is no increase between the two. As long as your computer can handle java, its all good.  

You can also use

http://localhost:7875/

which is much more safe than an online wallet. Also remember you need to download the program client.

Much more easier just following this guide

http://nextcoin.org/index.php/topic,4.0.html

For those that don't know how to mine.

Go here

http://nextcoin.org/index.php/topic,4.0.html

its a picture step-by-step guide on what to do. In terms of starting mining(after you have at least a Nxt).

your balance is backed to your phrase. So just let the blocks load up to the latest one and your balance should show.

I just gonna send in a ticket and see what happens.

It shows that it sold
 DATE                                                          PRICE             QUANTITY          FEE                    NETTOTAL                       
2013-11-30 18:03:30       Sell  PPC/BTC   0.00662000 BTC   4.09293800 PPC   0.000081290 BTC   0.02701396 BTC
2013-11-30 18:03:28       Sell  PPC/BTC   0.00662001 BTC   2.95353100 PPC   0.000058660 BTC   0.01949374 BTC
2013-11-30 18:01:26       Sell  PPC/BTC   0.00662001 BTC   2.95353100 PPC   0.000058660 BTC   0.01949374 BTC

but in the end I got about 0.04642496 BTC

I did it 5 hours ago :/ ...

Just had it happen to me...haven't had a problem till now though.

Sold 10 PPC for .06 BTC. Received only .04 BTC...

woooooo thanks . Would hate to have another debacle...where I sent .05 BTC to the donation account without knowing the funding phase was over for Nxt...

sent the BTC

hold up on the address

correct address is 14084972773797117146

hopefully you didnt send it yet  ...dang copy-paste address wrong 

PmnMYzRapb1xoJmUzddaU1Jj1xmhr1LJzA

Thanks

ehh...okay...i'll probably just wait

hopefully alt coin prices don't skyrocket by then... lol