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Author Topic: [ANN] Nxt :: descendant of Bitcoin  (Read 363349 times)
Come-from-Beyond
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November 24, 2013, 10:53:07 PM
 #1301

Thanks!  So is having just 1 NXT enough to mine? does it help to have more?

Yes, enough. But chance is very low. If u happen to find a block u may get 100 NXT fee though.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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November 24, 2013, 10:53:16 PM
 #1302

Just got everything up and running.


Can anyone send me a test coin?
15627247923681139826
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November 24, 2013, 10:53:51 PM
 #1303

That's weird I seem to have got the 5nxt I sent back in my account :S

It expired. What deadline did u set?

0.2 hours, what deadline should I set?


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pabloangello
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November 24, 2013, 10:54:11 PM
 #1304


Still nothing, look at here:

http://88.198.210.245:7876/?request=getBalance&account=15633642110392778933
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November 24, 2013, 10:54:34 PM
 #1305

Current # of coins in existence?   Cap or inflation rate? Generation rate. Didn't see it in the first few post..if it is in one of the 60 pages, please update the first post with the coin stats.

1'000'000'000 NXT in existence. This is cap. No inflation at all. Generation is from transaction fees only.
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November 24, 2013, 10:55:04 PM
 #1306

Just got everything up and running.


Can anyone send me a test coin?
15627247923681139826
Check your incomings..
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November 24, 2013, 10:55:49 PM
 #1307

That's weird I seem to have got the 5nxt I sent back in my account :S

It expired. What deadline did u set?

0.2 hours, what deadline should I set?

0.2 is fine. But there was 22 min gap between blocks and u set deadline to 12 min. That's why it wasn't comfirmed and returned back to u.
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November 24, 2013, 10:56:14 PM
 #1308

Ouf! Unconfirmed list?
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November 24, 2013, 10:59:41 PM
 #1309

I have no idea, this coin seems to be little brain$*@#ing right now Cheesy
What to do? How to live?
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November 24, 2013, 11:00:17 PM
 #1310

Current # of coins in existence?   Cap or inflation rate? Generation rate. Didn't see it in the first few post..if it is in one of the 60 pages, please update the first post with the coin stats.

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

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?

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November 24, 2013, 11:01:38 PM
 #1311

Current # of coins in existence?   Cap or inflation rate? Generation rate. Didn't see it in the first few post..if it is in one of the 60 pages, please update the first post with the coin stats.

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

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?

In the long run u will mine 1 block of 10000 (0.01%).
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November 24, 2013, 11:02:19 PM
 #1312

Do we have only 1 receiving address?
What are the specs of Nxt regarding anonymity?
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November 24, 2013, 11:02:56 PM
 #1313

Current # of coins in existence?   Cap or inflation rate? Generation rate. Didn't see it in the first few post..if it is in one of the 60 pages, please update the first post with the coin stats.

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

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?

In the long run u will mine 1 block of 10000 (0.01%).

Ok, thanks. What about block reward, how is that decided?

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November 24, 2013, 11:03:39 PM
 #1314

Do we have only 1 receiving address?
What are the specs of Nxt regarding anonymity?

Only 1 address. Anonymity is the same as with Bitcoin. A mixing service is necessary.
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November 24, 2013, 11:05:21 PM
 #1315

Ok, thanks. What about block reward, how is that decided?

People attach fee to each transaction. They decide themselves how much to pay. Block can contain not more than 255 transactions at the moment, so when we get higher transaction flow ppl will start competing which will result in higher fees paid.
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November 24, 2013, 11:14:29 PM
 #1316

You should all have them now!
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November 24, 2013, 11:15:45 PM
 #1317

Suggestion - can you update the original post in this thread with:
1 - the current version number of the NXT client (i.e. the Nxt.zip
2 - a link to the current version

Also, when you update the version on your local machine:
a- do you need to delete all the other files, or just copy over the new Nxt.zip? If the answer is 'no', what would happen if you did delete all the other files?

b- what happens if your account is unlocked on another PC using an older version? Will that cause a problem (i.e. mining, send/receive)?

klee
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November 24, 2013, 11:17:39 PM
 #1318

Suggestion - can you update the original post in this thread with:
1 - the current version number of the NXT client (i.e. the Nxt.zip
2 - a link to the current version

Also, when you update the version on your local machine:
a- do you need to delete all the other files, or just copy over the new Nxt.zip? If the answer is 'no', what would happen if you did delete all the other files?

b- what happens if your account is unlocked on another PC using an older version? Will that cause a problem (i.e. mining, send/receive)?
No he cannot! Only BCNext can...
kwest
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November 24, 2013, 11:19:34 PM
 #1319

Suggestion - can you update the original post in this thread with:
1 - the current version number of the NXT client (i.e. the Nxt.zip
2 - a link to the current version

Also, when you update the version on your local machine:
a- do you need to delete all the other files, or just copy over the new Nxt.zip? If the answer is 'no', what would happen if you did delete all the other files?

b- what happens if your account is unlocked on another PC using an older version? Will that cause a problem (i.e. mining, send/receive)?
No he cannot! Only BCNext can...

Which is why I suggested to start a new thread. CfB replied with suggesting that I do it, but I don't feel that I have enough authority to do such a thing. But CfB doesn't seem to want to either.
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November 24, 2013, 11:19:41 PM
 #1320

Suggestion - can you update the original post in this thread with:
1 - the current version number of the NXT client (i.e. the Nxt.zip
2 - a link to the current version

Also, when you update the version on your local machine:
a- do you need to delete all the other files, or just copy over the new Nxt.zip? If the answer is 'no', what would happen if you did delete all the other files?

b- what happens if your account is unlocked on another PC using an older version? Will that cause a problem (i.e. mining, send/receive)?

0.2.3 - https://dl.dropboxusercontent.com/u/67242472/Nxt.zip

a. Don't delete *.nxt files, just copy over new Nxt.zip. If u delete them u have to download the blockchain again.
b. No problems, it just increases orhpaned blocks rate.
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