NXT :: descendant of Bitcoin - Updated Information

[GCInc.]

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.

[xibeijan]

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?

[Come-from-Beyond]

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?

https://bitcointalk.org/index.php?topic=345619.msg3726410#msg3726410

1 NXT is the lowest possible fee.

[xibeijan]

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?

https://bitcointalk.org/index.php?topic=345619.msg3726410#msg3726410

1 NXT is the lowest possible fee.

Thanks!

[xibeijan]

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?

https://bitcointalk.org/index.php?topic=345619.msg3726410#msg3726410

1 NXT is the lowest possible fee.

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

[Come-from-Beyond]

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.

[xibeijan]

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?

[Come-from-Beyond]

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.

[bitdraw]

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

[Come-from-Beyond]

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.

[Boing7898]

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?

[bitdraw]

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...

[Boing7898]

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?

[Come-from-Beyond]

How much do you think I should buy to get blocks like.. every 2 hours?

10M

[bitdraw]

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..

[klee]

So what about the 100M nxt non claimed early adopters coins account? I see it mining like mad..

[klee]

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 

[timmyd]

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

[Come-from-Beyond]

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.

[nemra]

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!