NXT :: descendant of Bitcoin - Updated Information

[bitme]

just my 2 next cents (hope to see cents soon:)
 DGex.com is not official next exchange

Overall nice piece of work.

[zerocom]

not take it anymore I always get this error: 

[Come-from-Beyond]

A question:

If i have 100nxt, and i find a block with 1nxt fee. After that block, am i mining with 101nxt or it will be effective with my next account unlock?

technically i mean if client update the user balance during the block probability calculation with the latest user balance?

Next blocks will be generated with 101 NXT effective balance. No need to lock-unlock account.

[ImmortAlex]

Good work, mcjavar!

I think, it should be noted that there's no wallet files anymore.
Wallet file in Bitcoin and it's "classic" forks is just a keeper of private keys and corresponding information. Nxt uses "brain wallet" where passphrase can be treated as private key, which is stored in man's memory.

PS: looks like people still thinks that wallet.dat keeps their actual money...

[Come-from-Beyond]

not take it anymore I always get this error: 

Some nodes send incorrect data. This doesn't affect u.

[zerocom]

not take it anymore I always get this error: 

Some nodes send incorrect data. This doesn't affect u.

so you mean that it is normal?

[klee]

I need *.nxt files please!

Bump!

[Come-from-Beyond]

I need *.nxt files please!

Bump!

https://dl.dropboxusercontent.com/u/67242472/nxtfiles.zip

[klee]

My client is frozen, no peers, no blocks nothing!

[Come-from-Beyond]

My client is frozen, no peers, no blocks nothing!

Downloading blockchain I think.

[klee]

My client is frozen, no peers, no blocks nothing!

Downloading blockchain I think.

Yeap!
Is this you? 192.161.175.142
I got many of them replicating lol

[Come-from-Beyond]

Yeap!
Is this you? 192.161.175.142
I got many of them replicating lol

No.

[Come-from-Beyond]

Version 0.3.11 - https://dl.dropboxusercontent.com/u/67242472/nxt.zip

Enabled "sendMoney" API request.
Fixed expired unconfirmed transactions issue (@anonymousHacker: check it plz).
Fixed some issues related to memory leaks.

[Sharky444]

Guys! How do you really know if somebody will send you nxt coins if you buy them from here?? And what if he doesn't send? Just want to check, thanks!

You can use the dgex.com exchange.

[Sharky444]

A question:

If i have 100nxt, and i find a block with 1nxt fee. After that block, am i mining with 101nxt or it will be effective with my next account unlock?

technically i mean if client update the user balance during the block probability calculation with the latest user balance?

You don't have to lock/unlock, but as I understand it, you will be mining with 100nxt until the 1 extra nxt has 1440 confirmations, then you will be mining with 101.

[mcjavar]

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#msg3652710

So 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 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:)

7704473502402320783

I have updated the FAQ.

[Come-from-Beyond]

A question:

If i have 100nxt, and i find a block with 1nxt fee. After that block, am i mining with 101nxt or it will be effective with my next account unlock?

technically i mean if client update the user balance during the block probability calculation with the latest user balance?

You don't have to lock/unlock, but as I understand it, you will be mining with 100nxt until the 1 extra nxt has 1440 confirmations, then you will be mining with 101.

No. 1440 confirms for the very 1st transaction only.

[abctc]

You don't have to lock/unlock, but as I understand it, you will be mining with 100nxt until the 1 extra nxt has 1440 confirmations, then you will be mining with 101.

As previously CfB has stated, only first transaction (except of Genesis) needs 1440 confirmations. All the next arriving coins start mining immediately.

[inkadnb]

Sorry about the delay, http://nxt.c4c.io/ is back up. Hope my VPS wasn't causing too much disruption.

[ajax3592]

109 pages in 10 days flat !   That's something