Hi!
I´ve made a short FAQ that could be added to the first site. Could you please re-write it and put in your thoughts/correct me where I was wrong?
How do I start mining?You can´t. NXT is the first 100% Proof-of-Stake coin, which means that you will not be able to "mine" new coins. You get coins by processing transactions and receiving the transaction fees for them.
Was NXT pre-mined? I see on coinmarketcap.com that the total supply is already at 1 000 000 000. Why?All coins were released at the genesis block and all those coins were bought by people, the so called early investors, who made the project possible by paying for the development, but there are still unclaimed coins, which will be distributed after going live if they remain unclaimed.
The creation of the genesis block was fully public:
https://bitcointalk.org/index.php?topic=303898.msg3652710#msg3652710So I have to buy coins to own them.. that´s not so funny...If you´d like to own some BTC, or any of the other altcoins, you have to invest in mining hardware to be able to mine some coins. With NXT, you buy the actual amount of coins to start "mining". No additional costs, no mining hardware needed.
And where can I get some coins? Can I get them for free?You can check out the
Nxt Bounty Thread, the
Nxt Giveaway Thread, the
Nxt Buying / Selling Thread or simply go to
DGex.com to trade BTC for Nxt. It is the interest of the stakeholders that their coins are distributed amongst the community, otherwise they would only have large, worthless numbers on their account.
You should be very careful by trading coins over the internet! If you buy coins from someone directly, try to break the amount in smaller groups! (Example: Trading 200 000 NXT for 1 BTC breaking down to 20 000 NXT/0.1 BTC packages)
Can I access my wallet from another computer?Yes, as there is no wallet file, the account can be accessed from anywhere, but you should use a strong passphrase as that´s the only thing that protects your coins from others. (The authorization might be rewritten / updated later)
I have some coins in my account. How can I start processing transactions?You can start processing transactions once the first amount in your account was confirmed 1440 times. This usually takes a day. You will se a link on the user interface when you can start processing.
Donations very appreciated:)
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