NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

4. I think the new QT with bitcoin trading in the Nxt client would be awesome. Nxt could act as a bank where as bitcoin the cash we carry around (hence we don't carry a tons of cash around, as most of our money is in the bank). Since bitcoin network is vulnerable to 51% attacks. So a future usage of both these cryptos can act as a bank and spending money?

Sorry, but there can be only one. Bitcoin or Nxt, not both.

wow, it is THAT serious then, eh?

my idea is, a few coins can co-exist, just like there are many brands of cars, many brands of wine, etc.
and compete on a healthy basis, of course there'll always been some maniacs trying to compete unfairly.

I'm not against Bitcoin. Bitcoin early adopters r against Nxt.

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[opticalcarrier]

Ok my 3 public nodes are up, running and perfectly synced
You can add them into your web.xml if you wish

95.85.46.233; 162.243.140.133; 146.185.129.54;

First one is 2GB Hallmarked, the second one and the third one are 512mb not hallmarked.
It seems this configuration is enough after the introduction of the Ddos protection.

I'll try to keep these running forever, or at least until i die.
If you want me to help more the network adding more and maintaining these 3, feel free to donate NXT to my address (in signature), i'll use them only for add/maintain vps.

who is your vps provider?  I wouldnt get them added to wellknownpeers unless they are at least 4GB-RAM. I upgraded the one of mine that I saw was added to wellknownpeers to 8GB-RAM. just to be safe.   Who is your provider?  Ill give you 10000NXT if you will upgrade your 3 VPSs to 4GB-RAM, thanks to klee I think it was who gave me some NXT to help with this function.

also, FYI I got this from digitalocean

There has been a response to your ticket:

Greetings,

All servers come with a 1Gb/sec. network interface. Plans start with 1TB per month and increase incrementally.
At this time traffic statistics are not yet available. Until these statistics are readily available to you, we will not process any charges for any additional transfer beyond your droplet plan.

[Come-from-Beyond]

im getting tons of generated incorrect block is that ok or not?

0.4.4

It's ok. Protection system triggered.

[mcjavar]

http://www.cryptocoincharts.info/period-charts.php?period=today&resolution=hour&pair=nxt-btc&market=dgex

Snowfall...

wow

[laowai80]

I'm not against Bitcoin. Bitcoin early adopters r against Nxt.

Good. Let the fittest survive!

[klee]

4. I think the new QT with bitcoin trading in the Nxt client would be awesome. Nxt could act as a bank where as bitcoin the cash we carry around (hence we don't carry a tons of cash around, as most of our money is in the bank). Since bitcoin network is vulnerable to 51% attacks. So a future usage of both these cryptos can act as a bank and spending money?

Sorry, but there can be only one. Bitcoin or Nxt, not both.

wow, it is THAT serious then, eh?

my idea is, a few coins can co-exist, just like there are many brands of cars, many brands of wine, etc.
and compete on a healthy basis, of course there'll always been some maniacs trying to compete unfairly.

I'm not against Bitcoin. Bitcoin early adopters r against Nxt.

AND miners AND big investors - I bet SecondMarket and Winklesvie are not very happy to see what's coming NXT...

[davidoski]

Nxt mentioned in Coindesk article. First ever media coverage?

Although many of the other cryptocurrencies are based on the Bitcoin protocol, not all are; the protocol for nxt, the cryptocurrency with the fourth-largest market cap, was written from scratch in Java.

http://www.coindesk.com/alternative-cryptocurrencies-thrive-bitcoins-shadow/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

[klee]

Nxt mentioned in Coindesk article. First ever media coverage?

Although many of the other cryptocurrencies are based on the Bitcoin protocol, not all are; the protocol for nxt, the cryptocurrency with the fourth-largest market cap, was written from scratch in Java.

http://www.coindesk.com/alternative-cryptocurrencies-thrive-bitcoins-shadow/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

Bubble incoming!

Are we ready for the next wave of zombies attack?

[Pablito89]

Ok my 3 public nodes are up, running and perfectly synced
You can add them into your web.xml if you wish

95.85.46.233; 162.243.140.133; 146.185.129.54;

First one is 2GB Hallmarked, the second one and the third one are 512mb not hallmarked.
It seems this configuration is enough after the introduction of the Ddos protection.

I'll try to keep these running forever, or at least until i die.
If you want me to help more the network adding more and maintaining these 3, feel free to donate NXT to my address (in signature), i'll use them only for add/maintain vps.

who is your vps provider?  I wouldnt get them added to wellknownpeers unless they are at least 4GB-RAM. I upgraded the one of mine that I saw was added to wellknownpeers to 8GB-RAM. just to be safe.   Who is your provider?  Ill give you 10000NXT if you will upgrade your 3 VPSs to 4GB-RAM, thanks to klee I think it was who gave me some NXT to help with this function.

also, FYI I got this from digitalocean

There has been a response to your ticket:

Greetings,

All servers come with a 1Gb/sec. network interface. Plans start with 1TB per month and increase incrementally.
At this time traffic statistics are not yet available. Until these statistics are readily available to you, we will not process any charges for any additional transfer beyond your droplet plan.

Digitalocean.
4gb are useless looking the work, especially if they are not-hallmarked
now i'm paying 30$/months, 3 with 4gb will cost to me 120$/months, it's a bit too much i think

[davethetrousers]

Got another high-speed, hallmarked public node up an running at 109.230.224.65 (Germany, Europe).

Feel free to use it in your XML config, if you so desire.

[laowai80]

How to upgrade your NXT node guide.

Step 1) Log in to your node using Putty (user 'root' and pass that your received in the welcome email from your VPS company).

Step 2) Enter the following commands in the terminal:

1) 'top' command, it will show a line similar to this for 'java' process:

2973 root       20   0 1166m 428m  10m S   0.0 41.8   9:57.51 java


2973 is your process ID.


press 'q' to exit top;

2) kill -9 2973      (kills the java process, enter your 'java' process ID number instead of 2973).

3) cd    (switch to your home directory);

4) rm nxt.zip   (delete the old nxt.zip file);

4a) rm -rf /root/nxt.old   (this removes the old nxt working directory if it's not the first upgrade you do);

5) mv nxt nxt.old   (rename the old nxt working directory);

6) wget http://download.nxtcrypto.org/nxt-client-0.8.9.zip

7) unzip nxt-client-0.8.9.zip

8 ) cat ~/nxt.old/webapps/root/WEB-INF/web.xml  
(this lists the contents of the old config file, copy-paste your myAddress and myHallmark parameters from it into a text file on your PC, if you hadn't saved them earlier.

9) nano conf/nxt-default.properties

a) in the section  ###PEER NETWORKING ###, find the following lines:

Code:

nxt.myAddress=

put IP address you got from the host.

It should look like:

nxt.myAddress=x.x.x.x

b)

Code:

nxt.myHallmark=

if you use a hallmark on your node, put your hallmark there (make sure no whitespace character is left in it when you copy-paste it)

press CTRL+X and then Y to save the file.

Code:

10) cd ~/nxt

11) nano run.sh

a) If your VPS has 512 MB RAM, replace the line:

java -Xmx1024M -cp nxt.jar:lib/*:conf nxt.Nxt

with

java -Xmx450M -cp nxt.jar:lib/*:conf nxt.Nxt

b) If your VPS has 1024 MB RAM, replace the line:

java -Xmx1024M -cp nxt.jar:lib/*:conf nxt.Nxt

with

java -Xmx800M -cp nxt.jar:lib/*:conf nxt.Nxt

-----

press CTRL+X and then Y to save the file.

12)

Code:

nohup ./run.sh &

13) run

Code:

top

 to show running processes, check that you see process 'java' running and using CPU and RAM, if it is, then press 'q' to enter 'top'.

14)

Code:

 exit

[brooklynbtc]

Just trying to get some idea of sizing here and what is 'significant' in the world of NXT.  May be impossible to say right now with such crazy fluctuations; but what is a "big fish" in NXT?

I'm used to mining around 2 LTC/day.  If I have 10,000 NXT is that going to forge something worthwhile?  I'm hesitant to dump 1-2 more BTC in until everything stabilizes but I don't want to be a small player.

I have about 20k nxt,
mined for about 10 days and got nothing

Thanks...I'll consider that.  I spent 20 LTC to get my current 10k nxt; seems expensive but I want to get in early, no doubt..

in terms of mining, its still way to early to worry about it. there are very little paid transactions going out. I have 250k and have tried to be open for the past two weeks, but I have mined 2 blocks and earned 1nxt

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=15436509232181115695

[bitcoinrocks]

in terms of mining, its still way to early to worry about it. there are very little paid transactions going out. I have 250k and have tried to be open for the past two weeks, but I have mined 2 blocks and earned 1nxt

Is anyone else having more luck?

[utopianfuture]

Just trying to get some idea of sizing here and what is 'significant' in the world of NXT.  May be impossible to say right now with such crazy fluctuations; but what is a "big fish" in NXT?

I'm used to mining around 2 LTC/day.  If I have 10,000 NXT is that going to forge something worthwhile?  I'm hesitant to dump 1-2 more BTC in until everything stabilizes but I don't want to be a small player.

I have about 20k nxt,
mined for about 10 days and got nothing

Thanks...I'll consider that.  I spent 20 LTC to get my current 10k nxt; seems expensive but I want to get in early, no doubt..

in terms of mining, its still way to early to worry about it. there are very little paid transactions going out. I have 250k and have tried to be open for the past two weeks, but I have mined 2 blocks and earned 1nxt

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=15436509232181115695

Only when the transaction pick up that the forging income become relevant. It is proven at alias launch that even small stack at 50k-100k could have a chance of hitting a substantial block reward. Imagine even more transactions when Nxt network activity scales up as market for alias transfer and asset market begin to work properly.
Don't give up, the future is bright with Nxt.

[utopianfuture]

in terms of mining, its still way to early to worry about it. there are very little paid transactions going out. I have 250k and have tried to be open for the past two weeks, but I have mined 2 blocks and earned 1nxt

Is anyone else having more luck?

I hit a block that paid 77 during a couple of hours after alias system launch. There was a block with more than 200K in fee.

[mr_random]

in terms of mining, its still way to early to worry about it. there are very little paid transactions going out. I have 250k and have tried to be open for the past two weeks, but I have mined 2 blocks and earned 1nxt

Is anyone else having more luck?

To explain further, the NXT you earn from forging comes from transactions. The more transactions there are on the network the more NXT available for forgers to potentially grab.

Right now since it's a very new project the transaction volume is low. As network transaction volume increases forging will become more lucrative.

That is my understanding of it

[Pablito89]

Thanks for the donations guys, i'll add 2-3 nodes tomorrow.
512mb vps are working well

[notsoshifty]

How to upgrade your NXT node guide.

It's a nice guide. But to reduce unnecessary traffic on other nodes shouldn't we aim to keep the existing block chain as part of the upgrade process?

(At least, when it's a clean upgrade that isn't due to a corrupted block chain. I've sometimes seen NPEs in the logs which could only be fixed by starting from zero or from a known good partial block chain).

So - that would mean:
 - Graceful shutdown, rather than kill -9
 - Copying over the old block data after unzipping

Also, a 'verify shasum' step is optional but should be encouraged...

[laowai80]

How to upgrade your NXT node guide.

It's a nice guide. But to reduce unnecessary traffic on other nodes shouldn't we aim to keep the existing block chain as part of the upgrade process?

(At least, when it's a clean upgrade that isn't due to a corrupted block chain. I've sometimes seen NPEs in the logs which could only be fixed by starting from zero or from a known good partial block chain).

So - that would mean:
 - Graceful shutdown, rather than kill -9
 - Copying over the old block data after unzipping

Also, a 'verify shasum' step is optional but should be encouraged...

Well, I guess you have valid points, but at this time since the blockchain is small, that'll do I guess.
Or maybe it's really best to copy the files.
Let's ask CfB

[relm9]

With the latest 0.4.4 release my client seems to have gotten stuck and isn't grabbing blocks. It just gets block 0 then seems to stall. There are no peers listed under active either. Tried deleting blocks.nxt, any other ideas?

Edit: Hmm, working now but took a few restarts