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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761534 times)
trefifund
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December 29, 2013, 04:25:56 PM
 #10401

Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.
marcus03
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December 29, 2013, 04:29:52 PM
 #10402

Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.

Epic....
brooklynbtc
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December 29, 2013, 04:34:42 PM
 #10403

ok smaragda, I'm getting close to mining a block, or being due to, so I'm going to stare the kettle until it boils and see if I can figure it out, unless all goes to shit..

ha


PLEASE let us know!  You are the man!!!   Grin

and difficulty has shot up, over a day now. which i understand and is fair, and I can figure I have a chance to mine one in every 4000 blocks, 1 every three days.

Although I wonder if the 175 potential earnings is merely a division of all fees paid,

SN
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trefifund
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December 29, 2013, 04:36:09 PM
 #10404

Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.

Epic....

Why?
Do you think it's a bad idea?
brooklynbtc
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December 29, 2013, 04:39:01 PM
 #10405

Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.

Epic....

Why?
Do you think it's a bad idea?

its a bad idea. there is no difference if you mined with 10 coins or pooled your 10 coins. you'll earn the same amount. and not have just sent them off to a stranger.

SN
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BloodyRookie
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December 29, 2013, 04:44:04 PM
 #10406

ok smaragda, I'm getting close to mining a block, or being due to, so I'm going to stare the kettle until it boils and see if I can figure it out, unless all goes to shit..

ha


PLEASE let us know!  You are the man!!!   Grin

and difficulty has shot up, over a day now. which i understand and is fair, and I can figure I have a chance to mine one in every 4000 blocks, 1 every three days.

Although I wonder if the 175 potential earnings is merely a division of all fees paid,

There is nothing like difficulty for forging a block.

Nothing Else Matters
NEM: NALICE-LGU3IV-Y4DPJK-HYLSSV-YFFWYS-5QPLYE-ZDJJ
NXT: 11095639652683007953
opticalcarrier
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December 29, 2013, 04:44:43 PM
 #10407

Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.

Epic....

Why?
Do you think it's a bad idea?

its a bad idea. there is no difference if you mined with 10 coins or pooled your 10 coins. you'll earn the same amount. and not have just sent them off to a stranger.

its a good idea if you can trust the pool owner to

#1 be honest about the whole deal
#2 be 100% vigilant on keeping the pooled account forging nearly 100% of the time

Obviously with the beta-level client we are running, and its issues, stability has been sort of a problem, and I guess if you want to hand off that responsibility to the pool owner, you may end up with a bit more fees earned over time.
brooklynbtc
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December 29, 2013, 04:47:24 PM
 #10408

Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.

Epic....

Why?
Do you think it's a bad idea?

its a bad idea. there is no difference if you mined with 10 coins or pooled your 10 coins. you'll earn the same amount. and not have just sent them off to a stranger.

its a good idea if you can trust the pool owner to

#1 be honest about the whole deal
#2 be 100% vigilant on keeping the pooled account forging nearly 100% of the time

Obviously with the beta-level client we are running, and its issues, stability has been sort of a problem, and I guess if you want to hand off that responsibility to the pool owner, you may end up with a bit more fees earned over time.

sure, if you had 1Million coins, and no time to run a server, it would make sense to pay someone a few nxt cut to maintain a 99.9% uptime

but even that 1million coins will find a little over 1block a day. often for zero or 1 coins. that's $.06 today. what value!

so 10 coins, you can earn 1/100000th

SN
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trefifund
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December 29, 2013, 04:51:36 PM
 #10409

Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.

Epic....

Why?
Do you think it's a bad idea?

its a bad idea. there is no difference if you mined with 10 coins or pooled your 10 coins. you'll earn the same amount. and not have just sent them off to a stranger.

I can see the difference.
If a joint account (pool) accumulate a lot of NXT,
thus raises the chances that it will block mined.
If the excavated block, everyone is in the pool gets a reward

For example:
1st) You have 10 chances to NXT = extraction block: 0.00% almost nothing

2nd) You have 10 NXT add them to the pool = chance of extracting a block in the pool: eg 1.00% it depends on how NXT is already in the pool
brooklynbtc
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Activity: 336
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AKA jefdiesel


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December 29, 2013, 05:03:07 PM
 #10410

Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.

Epic....

Why?
Do you think it's a bad idea?

its a bad idea. there is no difference if you mined with 10 coins or pooled your 10 coins. you'll earn the same amount. and not have just sent them off to a stranger.

I can see the difference.
If a joint account (pool) accumulate a lot of NXT,
thus raises the chances that it will block mined.
If the excavated block, everyone is in the pool gets a reward

For example:
1st) You have 10 chances to NXT = extraction block: 0.00% almost nothing

2nd) You have 10 NXT add them to the pool = chance of extracting a block in the pool: eg 1.00% it depends on how NXT is already in the pool

10 coins is 0.00. 0.00 added to 10million means you still have nothing. Do you think the holders of the 10million are going to pay you out more because?


SN
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laowai80
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December 29, 2013, 05:06:23 PM
 #10411

Epic battle going on right now between bulls and bears on the dgex exchange.
Anon136
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December 29, 2013, 05:07:06 PM
 #10412

what block are you guys on?

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
laowai80
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December 29, 2013, 05:08:17 PM
 #10413

what block are you guys on?

27757    5950426457252330700     656 %
brooklynbtc
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AKA jefdiesel


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December 29, 2013, 05:09:03 PM
 #10414

what block are you guys on?

   27757      5430757907205901788      12/29/2013 12:06:48 PM   
0      0 + 0      0 B   
1      5950426457252330700      656 %   

      27757      5430757907205901788      12/29/2013 12:06:48 PM   
0      0 + 0      0 B   
1      5950426457252330700      656 %   


on local and https://raspnxt.hopto.org:7875/

SN
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trefifund
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December 29, 2013, 05:09:37 PM
 #10415

Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.

Epic....

Why?
Do you think it's a bad idea?

its a bad idea. there is no difference if you mined with 10 coins or pooled your 10 coins. you'll earn the same amount. and not have just sent them off to a stranger.

I can see the difference.
If a joint account (pool) accumulate a lot of NXT,
thus raises the chances that it will block mined.
If the excavated block, everyone is in the pool gets a reward

For example:
1st) You have 10 chances to NXT = extraction block: 0.00% almost nothing

2nd) You have 10 NXT add them to the pool = chance of extracting a block in the pool: eg 1.00% it depends on how NXT is already in the pool

10 coins is 0.00. 0.00 added to 10million means you still have nothing. Do you think the holders of the 10million are going to pay you out more because?



What do others say? What do you think?
brooklynbtc
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December 29, 2013, 05:11:18 PM
 #10416

hey if you want to try then sure. I have 285k coins. Send your coins to me and I will keep a record then pay out a percentage of blocks forged.

but you are going to lose more in transaction fees that you earn

SN
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wesleyh
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December 29, 2013, 05:12:46 PM
 #10417

What do you guys think of this?

http://nxtra.org/nodes/

I noticed everyone seems to copy the same "easyCopyString" for the list of server nodes (wellKnownPeers) in web.xml - however, wouldn't it be better if that list of server nodes was different for everyone?

That's what my tool does, it gives back a random sampling of the well known server nodes. That way there'll be no overloading and everything will be less centralized. Now of course, I'd like to know CFB's opinion on this (and anyone else's).
brooklynbtc
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December 29, 2013, 05:14:24 PM
 #10418

What do you guys think of this?

http://nxtra.org/nodes/

I noticed everyone seems to copy the same "easyCopyString" for the list of server nodes (wellKnownPeers) in web.xml - however, wouldn't it be better if that list of server nodes was different for everyone?

That's what my tool does, it gives back a random sampling of the well known server nodes. That way there'll be no overloading and everything will be less centralized. Now of course, I'd like to know CFB's opinion on this (and anyone else's).

damn welsey. you are great. thats cool.

SN
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laowai80
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December 29, 2013, 05:20:59 PM
 #10419

This script is cool, but you could make it perfect if it checked each node in the generated string if the node is alive and provides current block info and not stuck somewhere behind Smiley people don't want to put stuck nodes in their configs. Besides, users who don't run public nodes, don't want to mess with the config much, there still should be a predefined set of nodes already in the config. But that's up to the developers to include that in the downloadable NXT package.
wesleyh
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December 29, 2013, 05:24:39 PM
 #10420

This script is cool, but you could make it perfect if it checked each node in the generated string if the node is alive and provides current block info and not stuck somewhere behind Smiley people don't want to put stuck nodes in their configs. Besides, users who don't run public nodes, don't want to mess with the config much, there still should be a predefined set of nodes already in the config. But that's up to the developers to include that in the downloadable NXT package.

That's going to be next on my todo list, but I wanted to see feedback of people first whether or not it's worthwhile to develop further.
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