NXT :: descendant of Bitcoin - Updated Information

[brooklynbtc]

I really like the concept of this coin! I am jumping in to this coin forging, have some questions to help me understand, hopefully not too many

1. Is there some sort of traffic number gaging the transaction amount per day that NXT does on average?
not yet
2. How much NXT can I expect to forge if I hold say 1000 nxt in a given day?
not much (ie .0001) of all transactions, so with 1440 per day, youre looking at forging 1 per week?
3. Say I have 1000 NXT, Is there benefit to multiple computers (say 10) that hold 1/10 of the 1000 NXT as opposed to one computer holding all 1000 NXT?
opposite. better to have more in one wallet
4. What is the transaction fee for trading 1 NXT as opposed to 10000 NXT?
you can always pay 1nxt fee, but it wont always be processed fast
5. Can I just hold onto NXT for eternity and still make residual NXT over time?
if your wallet is open yes
6. Does the amount forged for any given holder vary with the price of NXT?
no, forging is based on proof of stake. owning coins

Thanks I think thats it!

[1714103804]

1714103804

[1714103804]

1714103804

[1714103804]

1714103804

[1714103804]

1714103804

[Come-from-Beyond]

Where did the missing 2013 coins go?

Annihilated with anti-coins.

[maxbit]

Thx again brooklynbtc! So how many NXT does the average person hold? I got about 2400 coming from Dgex but Im gonna have to build on...

[maxbit]

I've noticed account is unlocked... Do I need to lock it or keep it unlocked?

[brooklynbtc]

come from beyond, what is the optimal time to enter for AS? 5 seems too short and risks losing it

What is the down side to deadline 1440?

If u have a lot of money u can just send 5 transactions with 1, 10, 100, 1000, 10000 fees and deadline set to 1440.

how does the amount bid correlate to the time?

[matt4054]

Nice to see so many other people jumping in, me too

How long does a typical NXT withdraw from DGEX take? They say up to one business day if I recall well, do they operate manually?

[matt4054]

I've noticed account is unlocked... Do I need to lock it or keep it unlocked?

It's like a login / logout, lock in whenever you don't use it, like you keep your wallet closed.

Edit: this would prevent your client node from forging coins if you lock it

[FJBourne]

Nice to see so many other people jumping in, me too

How long does a typical NXT withdraw from DGEX take? They say up to one business day if I recall well, do they operate manually?

It was just about instant for me

[Come-from-Beyond]

come from beyond, what is the optimal time to enter for AS? 5 seems too short and risks losing it

What is the down side to deadline 1440?

If u have a lot of money u can just send 5 transactions with 1, 10, 100, 1000, 10000 fees and deadline set to 1440.

how does the amount bid correlate to the time?

That was an incorrect advice. Only 10.000 NXT should be sent.

[brooklynbtc]

the way i see it, there are a million keywords, hashtags that will be valuable. No point spending over 1Nxt on each, so what would the optimal time be for low bids?

[Come-from-Beyond]

In Nxt, like in early days of America, no central authority. Squatting seems to be the most fair way in our situation.

Hey I'm all for this theory, just was wondering how much of it was planned as a payout to existing users?

No idea. Sometimes I suspect that BCNext is SkyNet a black box.

[brooklynbtc]

come from beyond, what is the optimal time to enter for AS? 5 seems too short and risks losing it

What is the down side to deadline 1440?

If u have a lot of money u can just send 5 transactions with 1, 10, 100, 1000, 10000 fees and deadline set to 1440.

how does the amount bid correlate to the time?

That was an incorrect advice. Only 10.000 NXT should be sent.

[Come-from-Beyond]

@c-f-b
Help me!
In the 0.4.0 version,there is not reminder in browser that"you can generate the next block..." indicator.
What is the problem.or is it running normally?

21095      10105875265190846103      2013年12月21日 下午2:28:54   
0      0 + 0      0 B   
1      8994281698066702638      250 %

Maybe just an interface bug. Relaunch client and refresh web page.

[Come-from-Beyond]

Yes, Alias System is planned to be used to send coins to named accounts.

- CfB, could you please explain what URI format must be used for aliased named accounts?  "nxt:111222333444555" or just "111222333444555" ?

It's up to the client software that uses aliases to send coins to. Correct way is via adding URI scheme "nxt:"

[Anon136]

I know dgex says

BTC and NXT deposits are confirmed manually and credited to account balances
several times a day, during and outside central European business hours.
NXT and BTC Cashouts are done manually daily
however in special circumstances they can take up to 48 hours to complete.

but whats you guys experience. i have been waiting 12 hours so far. is that normal?

[brooklynbtc]

i've made like 6 deposits of Btc and they seem pretty quick. getting Nxt out can take 24 hours easy. but once you have it in your wallet, all is good

[allwelder]

@c-f-b
Help me!
In the 0.4.0 version,there is not reminder in browser that"you can generate the next block..." indicator.
What is the problem.or is it running normally?

21095      10105875265190846103      2013年12月21日 下午2:28:54   
0      0 + 0      0 B   
1      8994281698066702638      250 %

Maybe just an interface bug. Relaunch client and refresh web page.

Relaunch and refreshed,but still not displayed.
It does not influence the forging and alias register, right?

[Anon136]

I really like the concept of this coin! I am jumping in to this coin forging, have some questions to help me understand, hopefully not too many

1. Is there some sort of traffic number gaging the transaction amount per day that NXT does on average?
2. How much NXT can I expect to forge if I hold say 1000 nxt in a given day?
3. Say I have 1000 NXT, Is there benefit to multiple computers (say 10) that hold 1/10 of the 1000 NXT as opposed to one computer holding all 1000 NXT?
4. What is the transaction fee for trading 1 NXT as opposed to 10000 NXT?
5. Can I just hold onto NXT for eternity and still make residual NXT over time?
6. Does the amount forged for any given holder vary with the price of NXT?

Thanks I think thats it!

Ok so i made a formula to calculate how many blocks you would mine in a day. Just plug in the relevant values

A = The number of coins that you are using in your attempt to forge blocks
B = The average total number of coins being used by everyone to attempt to forge blocks
1440 is the number of blocks that are generated in a day.

A*1440/B

So if you had 1000 coins forging all day and 1/2 of all of the coins in existance were being used to attempt to forge blocks than the number of blocks you would forge in one day would be: 0.00288. Probably would be best to join a pool.

[btcruss]

Hey Guys New to NXT Currently waiting on btc transfer to DGEX. please donate NXT: 8718992686018958397     or help me test it out and ill send it back. Just let me know if you donated or test which TY.

[maxbit]

I really like the concept of this coin! I am jumping in to this coin forging, have some questions to help me understand, hopefully not too many

1. Is there some sort of traffic number gaging the transaction amount per day that NXT does on average?
2. How much NXT can I expect to forge if I hold say 1000 nxt in a given day?
3. Say I have 1000 NXT, Is there benefit to multiple computers (say 10) that hold 1/10 of the 1000 NXT as opposed to one computer holding all 1000 NXT?
4. What is the transaction fee for trading 1 NXT as opposed to 10000 NXT?
5. Can I just hold onto NXT for eternity and still make residual NXT over time?
6. Does the amount forged for any given holder vary with the price of NXT?

Ok so i made a formula to calculate how many blocks you would mine in a day. Just plug in the relevant values

A = The number of coins that you are using in your attempt to forge blocks
B = The average total number of coins being used by everyone to attempt to forge blocks
1440 is the number of blocks that are generated in a day.

A*1440/B

So if you had 1000 coins forging all day and 1/2 of all of the coins in existance were being used to attempt to forge blocks than the number of blocks you would forge in one day would be: 0.00288. Probably would be best to join a pool.

Thanks alot that info helps! What pool do you recommend?