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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761529 times)
bitcoinpaul
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January 11, 2014, 12:41:43 AM
 #16721

I just posted a proposal to fix the account number typo-problem over at the official forums:
https://forums.nxtcrypto.org/viewtopic.php?f=17&t=524 <- making NXT account numbers awesome!

What do you think about that?

Nice idea. Didn't CfB (or someone else?) mumbled something about "in the future we can make great things with account numbers" which would mean, a big adoption rate of your idea would interfere with this "great things"? Damn, can't find the post... and no clue what it meant...

I just read the post, that such a system should be done on client side. So I designed mine to be client-side and not interfere with the NXT protocol itself.

Of course, client side. What i meant was that this magical "great thing" would maybe don't work that great because everyone would work with the new EEC-Numbers. Na, it is probably nonsense. I can't find the post. It's probably nothing. Moving on. Too late, I'm hallucinating.
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opticalcarrier
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January 11, 2014, 12:51:14 AM
 #16722

This might be a stupid question but...is there a way to tell how much NXT there is running among the online nodes and how much NXT in transaction fees is actually circulating? I am trying to figure out how much my NXT will forge for me and although I don't have millions of it I was looking forward to SOME kind of return. I have been funded for a little over an hour I would say and I know I need to wait longer but I would like to at least get an idea to I know what kind of return to expect.

Thanks to anyone who can help edumacate me!

The network is currently generating some 700ish blocks per day, out of 1440 which it would, if all accounts forged. So the forging amount should be somewhere in the range of 50%, i.e. 500M NXT.
Meaning, approx., with 1M you would generate every 500th block, so a little more than 1 per day on average.

[edit]
New accounts can start forging 1440 blocks after the first transaction to that account.
About a third of the blocks have fees, and the fees are usually single-digit.

can you expound on this?  are you saying that in order to hit an average of 1 block every minute for a 24 hour period, that 100% of all NXT must be unlocked and forging?  that doesnt make sense to me.  so why is it sometimes we see multiple blocks being forged in under a minute?
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January 11, 2014, 12:54:50 AM
 #16723

random chance
On average should be one per minute (longer now since TF isn't fully enabled), but statistical average of 1 per minute means sometimes you can get very short intervals

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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January 11, 2014, 12:57:42 AM
 #16724

new blog post:
Where is Nxt from Original Stakeholders?

Quote
If I look only at top 8, they started with 400 Millions, now they own 250 Millions. I am pretty sure at least half of them belong to the core developers. It is a good sign, because these people won't ruin Nxt Smiley

If I look at other 14 Stakeholders, they owned 350 Millions. Now they have 90-150 Millions! There were some big trades so I wasn't sure if it was a trade or only a transfer to the new account, but I am sure about max number!

If I look at all richest 23 stakeholders, it's: 750 Millions on 24 November 2013. And now: 345-450 Millions on 10 January 2014.

If I look at 23 richest original stakeholders, they owned 75% of all Nxt in the first day, but now they own only 34-45%. 300-400 Millions had already been sold to the new users in 6 weeks.
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January 11, 2014, 01:00:27 AM
 #16725

OT: That's what I call a white paper: http://kim.com/whitepaper.pdf  Shocked

I had more than 1000 citations in my masters thesis.. this is nothing Cheesy
utopianfuture
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January 11, 2014, 01:09:32 AM
 #16726

OT: That's what I call a white paper: http://kim.com/whitepaper.pdf  Shocked

I had more than 1000 citations in my masters thesis.. this is nothing Cheesy

Yep, that's about it, but sometimes I just put the citation to make it more serious. Some very serious original articles, especially in hard science, have very few citation though.  


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bitcoinpaul
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January 11, 2014, 01:10:08 AM
Last edit: January 11, 2014, 01:51:00 AM by bitcoinpaul
 #16727

OT: That's what I call a white paper: http://kim.com/whitepaper.pdf  Shocked

I had more than 1000 citations in my masters thesis.. this is nothing Cheesy

Dr. Guttenberg had none in his dissertation. Hero.
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January 11, 2014, 03:08:20 AM
 #16728

OT: That's what I call a white paper: http://kim.com/whitepaper.pdf  Shocked

I had more than 1000 citations in my masters thesis.. this is nothing Cheesy

Dr. Guttenberg had none in his dissertation. Hero.

the former foreign minister of hungary (and two times olympic champion in fencing) did the same when writing his dissertation. 20 years later someone found out that 90% of it was copied, without citations and references to the original sources. hehe. dumbass.
NxtChoice
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January 11, 2014, 04:45:25 AM
 #16729

I need a little advice: How can we calculate a daily cost of Nxt web?

Something like:
number of peers x watts of the average computer? and transfer kW in Dollars?

Do we know a number of forging computers?

I do a simple calculation for you as following:

Say 10, 000 nodes in the network for Nxt, as you know there are about 10,000 accounts.

Say each node is a Pi, say each pi consumes 10Watts, so total 100kW, it's 2400 kWh, which is just $600 a day with $0.25 per kWh.

Say each node is a server with 500 Watts, that's 50 times of the above calculation, so it is about $30,000 a day.

So I predict a total power consumption is in the range of $600 ~ $30,000 a day, and most probably below $10000.

Wow, that's the most efficient system in the crypto currency world.


Edit: go on a simple calculation of the price for Nxt. Presently a day's tx fee is ~ 5000 Nxt, if it should cover the power consumption, that is, $600/5000 ~ $30,000/5000, so the Nxt price in the range $0.12 ~ $6.

Yeah, my pricing for Nxt is $0.12 ~ $6.

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January 11, 2014, 05:11:50 AM
 #16730

I just posted a proposal to fix the account number typo-problem over at the official forums:
https://forums.nxtcrypto.org/viewtopic.php?f=17&t=524 <- making NXT account numbers awesome!

What do you think about that?

+100
Awesome!
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January 11, 2014, 05:59:36 AM
 #16731

Since I need to take a day off of programming, here's the first version of my, yet unnamed, NXT client for Windows.
...
I'm releasing version 1.1. of my Windows NXT client (still no personal account management, NTX transfer options in it or anything that needs your account secret).


Version 1.2. of my Windows NXT client "NXT Solaris" is available:

Download

NXTSolaris-v1.2.zip (35.4 MB) - Download here

SHA256 checksum for NXTSolaris-v1.2.zip: CA3A04864059E710DD670ADC997537CA549F8499C704C57CEC89A256B0257A7B


Installation
Simply unzip the archive and run the NXTSolaris.exe file. If you previously tried v1.0 or v1.1, please overwrite all existing files, with the files in the v1.2 zip archive.


Changelog
Changes for v1.2:
-Decided for a name for the client: "NXT Solaris" (thanks to landomat for the idea and giving me the chance to register the alias! :-) )
-Added Personal Account & NXT management ("view only" - still no place to enter your secrets)
-Added two charts showing NXT distribution over accounts in BC Explorer
-Added GUI based exception handling for better bug reporting (save in bugreport.txt)
-Moved the HTTP communication and some of the BC data management to a background thread to make the GUI more responsive


More details and screenshots are available here or here

Next on my TODO list
Implement new API calls getAliasId and getAccountBlockIds
Moving all http API calls and creating secret input dialog to a separate open-source dll
Orphan cleanup
Send money, register alias and other functions that need account secret


I hope you like my client and I'd be extremely happy to see some donations for the future of this project! :-)

NXT: 1758531264253431177

Is it open source, if not can you make it Open source?
EmoneyRu
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January 11, 2014, 06:24:08 AM
 #16732

Version 1.2. of my Windows NXT client "NXT Solaris" is available:

Solaris like OS or like Car?
Solaris app for Windows or Windows app for Solaris?

So, bad name

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January 11, 2014, 06:26:35 AM
Last edit: January 11, 2014, 06:38:33 AM by fmiboy
 #16733

NXT has descendant https://bitcointalk.org/index.php?topic=409696.new#new
Anon136
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January 11, 2014, 06:40:39 AM
 #16734


neat! thanks for sharing.

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?
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January 11, 2014, 06:48:08 AM
 #16735

Version 1.2. of my Windows NXT client "NXT Solaris" is available:

Solaris like OS or like Car?
Solaris app for Windows or Windows app for Solaris?

So, bad name

We had some better names ie. Jupiter & Solara ....but Alias squatters got to them right after I posted my suggestions to Marcus03 on this thread.

...if marcus03 had called it Jupiter as first intended would he then be referring to the planet?

 

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January 11, 2014, 07:03:53 AM
 #16736

I just posted a proposal to fix the account number typo-problem over at the official forums:
https://forums.nxtcrypto.org/viewtopic.php?f=17&t=524 <- making NXT account numbers awesome!

What do you think about that?

+1. Great idea!

Cryptostats.es
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January 11, 2014, 07:12:14 AM
 #16737


We had some better names ie. Jupiter & Solara ....but Alias squatters got to them right after I posted my suggestions to Marcus03 on this thread.


Ask on the forum if you can have the alias.  The owner could PM you.

I have a bunch of aliases I grabbed, and most of them I'd be willing to give away gratis if I thought the project that wanted the alias(es) was a good one.  Of course, there needs to be a way to transfer aliases for this to be effective ATM.

And no, sorry, I don't own Jupiter or Solara otherwise they'd be yours.

"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
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January 11, 2014, 07:16:35 AM
 #16738

WARNING!

The pgp signature from Jean Luc is bad for Nxt client 0.5.4e!  Do not use 0.5.4e until we can confirm the SHA256 hash for the client is correct!

Can someone please confirm this?

http://info.nxtcrypto.org/client-update-0-5-4e-new-feature-arbitrary-messages/


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TRUSTEE 
EmoneyRu
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January 11, 2014, 07:17:20 AM
 #16739

We had some better names ie. Jupiter & Solara ....but Alias squatters got to them right after I posted my suggestions to Marcus03 on this thread.

...if marcus03 had called it Jupiter as first intended would he then be referring to the planet?

 

Jupiter is not so good.
Solara is a car, again. In Russian slang solara is diesel fuel

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January 11, 2014, 07:19:49 AM
 #16740

WARNING!

The pgp signature from Jean Luc is bad for Nxt client 0.5.4e!  Do not use 0.5.4e until we can confirm the SHA256 hash for the client is correct!

Can someone please confirm this?

http://info.nxtcrypto.org/client-update-0-5-4e-new-feature-arbitrary-messages/

It is your copy-paste problem. https://bitcointalk.org/index.php?topic=345619.msg4426324#msg4426324 is ok

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