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GCInc.
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November 27, 2013, 04:04:51 PM |
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What is the progress on the guy who said he will setup a centralised Nxt/BTC exchange?
Coming up slightly slower than expected but surely. Expect trading to commence if not tonight then Thursday afternoon GMT.  |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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xibeijan
Legendary
 Offline
Activity: 1232
Merit: 1001
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November 27, 2013, 04:05:56 PM |
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How can I figure out rate of mining coins, e.g., interest rate on my balance?
Suppose I have N coins, what's the formula?
Anyone know?
Big accounts find blocks more often but they get a little fee percentage compared to their balance. U can find a block with total fee 1000 NXT which is 1000% interest rate. I would say ur rate is the same as for anyone else. Yeah, that's not my question. My question is about what is the rate of finding a block as a function of your account balance? Obviously, whatever someone puts in for an tx fee varies. BTW: Side-question; what happens if everyone just puts no tx fee? |
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xibeijan
Legendary
Offline
Activity: 1232
Merit: 1001
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November 27, 2013, 04:12:59 PM |
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xibeijan
Legendary
Offline
Activity: 1232
Merit: 1001
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November 27, 2013, 04:15:49 PM |
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Why don't I see fees for many of the transactions showing up in the blockchain explorer? HEIGHT BLOCK TSTAMP NUMTRANS. PAYLOAD TARGET Fee AMOUNT GENERATOR 2549 1026217694308135998 274197 0 0 1218837688 0 0 10105875265190846103 2548 3315942292627339763 273848 0 0 609418844 0 0 6785084810899231190 2547 18355738116130765589 273842 0 0 1218837688 0 0 17228894143802851995 2546 5046227733242187850 273644 0 0 609418844 0 0 4747512364439223888 2545 12996359539300965338 273634 1 128 1218837688 1 99 17228894143802851995 |
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
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November 27, 2013, 04:17:26 PM |
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Why don't I see fees for many of the transactions showing up in the blockchain explorer?
HEIGHT BLOCK TSTAMP NUMTRANS. PAYLOAD TARGET Fee AMOUNT GENERATOR
2549 1026217694308135998 274197 0 0 1218837688 0 0 10105875265190846103
2548 3315942292627339763 273848 0 0 609418844 0 0 6785084810899231190
2547 18355738116130765589 273842 0 0 1218837688 0 0 17228894143802851995
2546 5046227733242187850 273644 0 0 609418844 0 0 4747512364439223888
2545 12996359539300965338 273634 1 128 1218837688 1 99 17228894143802851995
These blocks r empty. Miners still mine them to secure the coin. |
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xibeijan
Legendary
Offline
Activity: 1232
Merit: 1001
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November 27, 2013, 04:18:18 PM |
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Why don't I see fees for many of the transactions showing up in the blockchain explorer?
HEIGHT BLOCK TSTAMP NUMTRANS. PAYLOAD TARGET Fee AMOUNT GENERATOR
2549 1026217694308135998 274197 0 0 1218837688 0 0 10105875265190846103
2548 3315942292627339763 273848 0 0 609418844 0 0 6785084810899231190
2547 18355738116130765589 273842 0 0 1218837688 0 0 17228894143802851995
2546 5046227733242187850 273644 0 0 609418844 0 0 4747512364439223888
2545 12996359539300965338 273634 1 128 1218837688 1 99 17228894143802851995
These blocks r empty. Miners still mine them to secure the coin. Thanks. Do you have a pointer for a good technical description of POS? Is there anything different about Nxt's POS design? |
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
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November 27, 2013, 04:20:08 PM |
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Thanks. Do you have a pointer for a good technical description of POS? Is there anything different about Nxt's POS design?
Nxt has a novel PoS algo. Cunicula will write the whitepaper. I don't know all details. |
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bitdraw
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November 27, 2013, 04:36:40 PM |
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Could someone send me a few million Nxt to help even things out?
- have sent a few million Nxt. What do you think my chances of mining a block are with those 99 Nxt? What would my interest rate be? with 99Nxt you probably see your first mined block in a few years. good luck  |
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
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November 27, 2013, 04:38:15 PM |
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with 99Nxt you probably see your first mined block in a few years. good luck It's like finding a Bitcoin block mining on CPU. |
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Boing7898
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November 27, 2013, 04:38:47 PM |
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Could someone send me a few million Nxt to help even things out?
- have sent a few million Nxt. What do you think my chances of mining a block are with those 99 Nxt? What would my interest rate be? with 99Nxt you probably see your first mined block in a few years. good luck I have 10k, when do you think I'll find a block? |
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bitdraw
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November 27, 2013, 04:41:47 PM |
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Could someone send me a few million Nxt to help even things out?
- have sent a few million Nxt. What do you think my chances of mining a block are with those 99 Nxt? What would my interest rate be? with 99Nxt you probably see your first mined block in a few years. good luck I have 10k, when do you think I'll find a block? you can see it in the client on the top of the blocks when you can mine your next block. i dont know how long for 10k, i guess around 1 year, but this is just a guess... |
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Boing7898
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November 27, 2013, 04:46:46 PM |
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Could someone send me a few million Nxt to help even things out?
- have sent a few million Nxt. What do you think my chances of mining a block are with those 99 Nxt? What would my interest rate be? with 99Nxt you probably see your first mined block in a few years. good luck I have 10k, when do you think I'll find a block? you can see it in the client on the top of the blocks when you can mine your next block. i dont know how long for 10k, i guess around 1 year, but this is just a guess... Holy crap.. that's a lot. Client says 17 days, which is really a long time. How much do you think I should buy to get blocks like.. every 2 hours? |
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
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November 27, 2013, 04:51:49 PM |
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How much do you think I should buy to get blocks like.. every 2 hours?
10M |
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bitdraw
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November 27, 2013, 04:52:17 PM |
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Could someone send me a few million Nxt to help even things out?
- have sent a few million Nxt. What do you think my chances of mining a block are with those 99 Nxt? What would my interest rate be? with 99Nxt you probably see your first mined block in a few years. good luck I have 10k, when do you think I'll find a block? you can see it in the client on the top of the blocks when you can mine your next block. i dont know how long for 10k, i guess around 1 year, but this is just a guess... Holy crap.. that's a lot. Client says 17 days, which is really a long time. How much do you think I should buy to get blocks like.. every 2 hours? sry i read 1k i have no idea how this is calculated, i guess if you own all coins you can mine a block every "set block time". if you know the blocktime you can calculate it based on your holdings compared to the overall amount of Nxt in existence.. |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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November 27, 2013, 04:53:37 PM |
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So what about the 100M nxt non claimed early adopters coins account? I see it mining like mad..
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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November 27, 2013, 04:55:56 PM |
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What is the progress on the guy who said he will setup a centralised Nxt/BTC exchange?
Coming up slightly slower than expected but surely. Expect trading to commence if not tonight then Thursday afternoon GMT. That is great! Keep up the good work  |
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timmyd
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November 27, 2013, 04:56:09 PM |
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What is the progress on the guy who said he will setup a centralised Nxt/BTC exchange?
Coming up slightly slower than expected but surely. Expect trading to commence if not tonight then Thursday afternoon GMT. Your a legend dude well done and many thanks |
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
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November 27, 2013, 04:56:41 PM |
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So what about the 100M nxt non claimed early adopters coins account? I see it mining like mad..
He earned 4573 NXT as fees. I don't see any problem here. |
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nemra
Newbie
Offline
Activity: 9
Merit: 0
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November 27, 2013, 05:00:21 PM |
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Hi guys, I have a question: I understand that NXT is still brand new but from reading through everyone's post I see many veteran members. What period of time or amount of mined coins (NXT's) does it usually take for a new cryptocurrency to start seeking merchants that would be willing to accept the currency? I understand currently there is no large trading websites who converts USD/NXT so would that be the first step to allow ease of use? I'm curious to know what the progression is of a baby cryptocurrency like NXT if anyone can provide some insight. Thanks!
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