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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761530 times)
salsacz
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January 11, 2014, 10:14:39 AM
 #16761

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.



But there are 300 nodes, not 10k:

http://peerexplorer.com/

Quote
donate(1), 22k(3), 22k.io(66), BEER(1), CentOS(2), FreeBSD(1), linux(6), NCC-1701-D(1), NCC-1864(1), nxt.now.im(12), nxt86(2), PC(121), PC BaiMang...(2), PC-2212(1), Raspberry(1), RaspNXT(1), Rpi(1), RPi Solari...(1), SPARC(1), strawberry(1), Unknown(43), VPS(17), xrp.pw/nxt(1):

(4+66+1+1+12+2+43+17+1)x20W = 3kW
+
(2+6+1+1+121+2+1+1+1+1+1+1+1)x5W = 0.7kW

= 4kW

24(hours)x4(kW)x0.15/kWh = 14 USD
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January 11, 2014, 10:20:07 AM
 #16762

Jus got this. Browser's UI hanged. Now let's see, if this 'll be self-recovered or not..


Quote
        at java.lang.Thread.run(Thread.java:744)
Caused by:
java.lang.InterruptedException
        at java.util.concurrent.locks.AbstractQueuedSynchronizer.doAcquireSharedInterrupti bly(AbstractQueuedSynchronizer.java:996)
        at java.util.concurrent.locks.AbstractQueuedSynchronizer.acquireSharedInterruptibl y(AbstractQueuedSynchronizer.java:1303)
        at java.util.concurrent.Semaphore.acquire(Semaphore.java:317)
        at org.eclipse.jetty.util.BlockingCallback.block(BlockingCallback.java:94)
        at org.eclipse.jetty.server.HttpOutput.write(HttpOutput.java:392)
        at java.io.FilterOutputStream.write(FilterOutputStream.java:77)
        at Nxt$CountingOutputStream.write(Unknown Source)
        at java.io.FilterOutputStream.write(FilterOutputStream.java:125)
        at sun.nio.cs.StreamEncoder.writeBytes(StreamEncoder.java:221)
        at sun.nio.cs.StreamEncoder.implWrite(StreamEncoder.java:282)
        at sun.nio.cs.StreamEncoder.write(StreamEncoder.java:125)
        at java.io.OutputStreamWriter.write(OutputStreamWriter.java:207)
        at java.io.BufferedWriter.flushBuffer(BufferedWriter.java:129)
        at java.io.BufferedWriter.write(BufferedWriter.java:199)
        at java.io.Writer.write(Writer.java:127)
        at Nxt$Block$1.writeJSONString(Unknown Source)
        at org.json.simple.JSONValue.writeJSONString(JSONValue.java:135)
        at org.json.simple.JSONArray.writeJSONString(JSONArray.java:53)
        at org.json.simple.JSONArray.writeJSONString(JSONArray.java:59)
        at org.json.simple.JSONValue.writeJSONString(JSONValue.java:135)
        at org.json.simple.JSONObject.writeJSONString(JSONObject.java:67)
        at org.json.simple.JSONObject.writeJSONString(JSONObject.java:73)
        at Nxt.doPost(Unknown Source)
        at javax.servlet.http.HttpServlet.service(HttpServlet.java:707)
        at javax.servlet.http.HttpServlet.service(HttpServlet.java:790)
        at org.eclipse.jetty.servlet.ServletHolder.handle(ServletHolder.java:696)
        at org.eclipse.jetty.servlet.ServletHandler$CachedChain.doFilter(ServletHandler.java:1568)
        at org.eclipse.jetty.servlets.DoSFilter.doFilterChain(DoSFilter.java:457)
        at org.eclipse.jetty.servlets.DoSFilter.doFilter(DoSFilter.java:326)
        at org.eclipse.jetty.servlets.DoSFilter.doFilter(DoSFilter.java:299)
        at org.eclipse.jetty.servlet.ServletHandler$CachedChain.doFilter(ServletHandler.java:1539)
        at org.eclipse.jetty.servlet.ServletHandler.doHandle(ServletHandler.java:524)
        at org.eclipse.jetty.server.handler.ScopedHandler.handle(ScopedHandler.java:143)
        at org.eclipse.jetty.security.SecurityHandler.handle(SecurityHandler.java:568)
        at org.eclipse.jetty.server.session.SessionHandler.doHandle(SessionHandler.java:221)
        at org.eclipse.jetty.server.handler.ContextHandler.doHandle(ContextHandler.java:1110)
        at org.eclipse.jetty.servlet.ServletHandler.doScope(ServletHandler.java:453)
        at org.eclipse.jetty.server.session.SessionHandler.doScope(SessionHandler.java:183)
        at org.eclipse.jetty.server.handler.ContextHandler.doScope(ContextHandler.java:1044)
        at org.eclipse.jetty.server.handler.ScopedHandler.handle(ScopedHandler.java:141)
        at org.eclipse.jetty.server.handler.ContextHandlerCollection.handle(ContextHandlerCollection.java:199)
        at org.eclipse.jetty.server.handler.HandlerCollection.handle(HandlerCollection.java:109)
        at org.eclipse.jetty.server.handler.HandlerWrapper.handle(HandlerWrapper.java:97)
        at org.eclipse.jetty.server.Server.handle(Server.java:459)
        at org.eclipse.jetty.server.HttpChannel.handle(HttpChannel.java:280)
        at org.eclipse.jetty.server.HttpConnection.onFillable(HttpConnection.java:229)
        at org.eclipse.jetty.io.AbstractConnection$1.run(AbstractConnection.java:505)
        at org.eclipse.jetty.util.thread.QueuedThreadPool.runJob(QueuedThreadPool.java:607)
        at org.eclipse.jetty.util.thread.QueuedThreadPool$3.run(QueuedThreadPool.java:536)
        at java.lang.Thread.run(Thread.java:744)
[2014-01-11 11:14:41.338] Generated an incorrect block. Waiting for the next one...
[2014-01-11 11:14:47.360] Generated an incorrect block. Waiting for the next one...
[2014-01-11 11:14:49.386] Generated an incorrect block. Waiting for the next one...
[2014-01-11 11:14:51.406] Generated an incorrect block. Waiting for the next one...
[2014-01-11 11:14:51.418] Generated an incorrect block. Waiting for the next one...
[2014-01-11 11:14:51.429] Generated an incorrect block. Waiting for the next one...
[2014-01-11 11:18:17.178] Re-scanning blockchain...



[!] 24.7 NXT News Portal. Real-Time Update. Share your own news with NXT community and get FREE NXT!
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January 11, 2014, 10:31:20 AM
 #16763

Hey, what do you think about this...

NXT –  created by an unknown rebel, developed by free people!

Do you like the world? Do you like the governments? The system? No? You are not alone!

...


It's a bit harsh i think. Sounds like a fanatic ideology is coming. The idea of nxt is revolutionary and programmatic, not only an anarchist can benefit from.
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January 11, 2014, 10:37:20 AM
 #16764

joefox, I registered at wiki as 'swartzfeger'... can you grant access to edit/contribute? Many thanks...
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January 11, 2014, 10:45:18 AM
 #16765

I was asked what an encryption algo should be used in Arbitrary Messages. It's up to u. But u could use https://nextcoin.org/index.php/topic,727.0.html, it's quite simple.

What's current encryption method of AM ? Exactly as written here? https://nextcoin.org/index.php/topic,727.0.html

AM encrypts nothing. It's just a transport of raw bytes.
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January 11, 2014, 11:11:18 AM
 #16766

Update on the NXT project:

1)   Stable client: 0.5.4e is better, 15’ to start up with lot of memory and cpu usage, 0.javaexeption is back, generated incorrect block waiting for the next one. While loading getting stuck (think is jetty problem)lot of messages page wont react. Not dummie proof hopefully the client(s) will solves this

2)   White paper: Jl777 taking the lead to write it together with the whole community those who want to contribute they can on the white paper page: http://wiki.nxtcrypto.org/wiki/Whitepaper:Nxt there is surtenly progress here just have to follow it up (don’t finalize it yet, to add most important TF section help from some DEV to write this part would be great) joefox is admin of the wiki pages.

3)   Client software: this all depends on nexern to provide updates and milestones. Marcos03 has a working client in premature stage, looking good but still a lot to do, marco03 if you need help from the community let us know, looking forward to a new update

4)   Media campaign, is ongoing, but we should wait to throw the bomb when above issues r solved I thought utopianfuture and or landomata  takes the lead here ?

5)   BCNext has not done yet to review all data from the rewards program so please be patient it will come.

Still a lot to do but getting there, NXT will succeed!

Thank you all, this is the most inspiring community I have ever seen, and also a part of the strength of NXT, keep up the good work and lets turn it up a notch.

Please feel free to add concerns or questions to this resume


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January 11, 2014, 11:20:59 AM
 #16767

I was asked what an encryption algo should be used in Arbitrary Messages. It's up to u. But u could use https://nextcoin.org/index.php/topic,727.0.html, it's quite simple.

What's current encryption method of AM ? Exactly as written here? https://nextcoin.org/index.php/topic,727.0.html

AM encrypts nothing. It's just a transport of raw bytes.

I'd prefer sticking with curve25519 for messages.
The public keys are already in the protocol, so you don't need to transamit new ones, it's save, it's easy because you have all the dependencies already there, and it fits the problem perfectly...
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January 11, 2014, 11:23:13 AM
 #16768

CfB the community has spoken.


Question:   Should Maco get a bounty from the not claimed coin funds?
Yes       2 (2.7%)
No       72 (97.3%)
   

Total Voters: 74


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January 11, 2014, 11:24:12 AM
 #16769

I'd prefer sticking with curve25519 for messages.
The public keys are already in the protocol, so you don't need to transamit new ones, it's save, it's easy because you have all the dependencies already there, and it fits the problem perfectly...

I'd like to remind that each session should use a unique key-pair to avoid known-plaintext attacks.
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January 11, 2014, 11:24:52 AM
 #16770

CfB the community has spoken.


Question:   Should Maco get a bounty from the not claimed coin funds?
Yes       2 (2.7%)
No       72 (97.3%)
   

Total Voters: 74



Thx. What about the whitepaper bounty, whom the coins should be sent to?
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January 11, 2014, 11:25:55 AM
 #16771

Update on the NXT project:



4)   Media campaign, is ongoing, but we should wait to throw the bomb when above issues r solved I thought utopianfuture and or landomata  takes the lead here ?



1) utopianfuture should manage the media campaign.


2) Nxt Mobile App. Co. has taken control of my mind for the foreseeable future.


MISSION STATEMENT: The mission of the Nxt Mobile Applications Company is to facilitate mass adoption of the Nxt ecosystem.


We are looking for more IPhone developers, marketers, financial backers. etc.


Pls visit: https://nextcoin.org/index.php/topic,2634.0.html or

https://forums.nxtcrypto.org/viewtopic.php?f=2&t=467


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January 11, 2014, 11:27:07 AM
 #16772

Where is Nxt from Original Stakeholders?
http://nxtcoin.blogspot.cz/2014/01/where-is-nxt-from-original-stakeholders.html

Quote
Original Stakeholders   24.11.2013   10.1.2014
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4747512364439223888   49985380   50004185
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4277298711855908797   49875751   49874767
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=6878906112724074600   49875751   0
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=17228894143802851995   49875751   51170795
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9433259657262176905   49875751   25925690
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=14839596582718854826   49875758   9500626 ?
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4071545868996394636   49876257   46781257
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=15558257163011348529   49875751   30776494
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9161949457233564608   34913026   26000000 ?
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=2175830371415049383   49875651   10000000 ?
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=2584657662098653454   30922966   27071647
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=5491587494620055787   29856290   0
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=17491178046969559641   29437998   25849742
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=6785084810899231190   24912938   1986246
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=818877006463198736   24880020   15669333 ?
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10738613957974090819   22166945   10 + 15 mega ?
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=5430757907205901788   19925363   9895683
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=7579216551136708118   16625250   8000000
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=8517842408878875334   15487585   12600371
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9037328626462718729   14962725   0
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4777958973882919649   14887912   0
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=11706312660844961581   11083556   4502427
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=18388669820699395594   9975150   875135

= 750 Mega at the stars, vs: 350-450 Mega now

Some new data, stakeholders nr. 24-42:

Quote
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1600633904360147460   9,975,150   8,901,894
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4454381633636789149   9,476,393   1,599,999
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10339765764359265796   8,644,631   49
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10890046632913063215   6,668,388   6,575,345
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1965151371996418680   5,486,333   5,399,971
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=8278234497743900807   5,264,386   0
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9230759115816986914   5,033,128   2,427,700
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=5982846390354787993   4,987,575   4,980,418
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=11541844302056663007   4,987,575   2,558,217
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9988839211066715803   4,962,637   100,001
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=9306550122583806885   2,916,900   1,000,000
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1264744488939798088   2,867,856   500,039
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=7017504655955743955   2,724,712   224,622
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1796652256451468602   2,690,963   489
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=8870453786186409991   2,684,479   3,058,444
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=3684449848581573439   2,468,850   219
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=620741658595224146   1,970,092   1,469,943
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=12101431510634235443   1,845,403   2,100,606
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=7542917420413518667   1,476,156   9,476,896
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January 11, 2014, 11:28:51 AM
 #16773

Question:   Reward for the white paper should be... (from unclaimed coins)
none       5 (9.3%)
250,000       31 (57.4%)
500,000       10 (18.5%)
1M       8 (14.8%)
   
Total Voters: 54

BUT; I think we all see this as a community effort and that coins should be spent in future of NXT.

I think you r better placed to give them coins a good destination.

let the community know where you did spent it.

thank you

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January 11, 2014, 11:30:05 AM
 #16774

I'd prefer sticking with curve25519 for messages.
The public keys are already in the protocol, so you don't need to transamit new ones, it's save, it's easy because you have all the dependencies already there, and it fits the problem perfectly...

I'd like to remind that each session should use a unique key-pair to avoid known-plaintext attacks.

Is this mentioned in the original THREAD

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January 11, 2014, 11:32:59 AM
 #16775


4)   Media campaign, is ongoing, but we should wait to throw the bomb when above issues r solved I thought utopianfuture and or landomata  takes the lead here ?
1) utopianfuture should manage the media campaign.

there was a press release, I submitted it at some sites:
Quote
I think we got media attention also thanks to my little media swarm, this is the list 45 hours after I wrote them Cheesy

http://www.cryptocoinsnews.com/2014/01/08/nxt-official-launch-nxt-generation-cryptocurrency-begins-now/

http://news.silobreaker.com/nxt-launches-next-generation-of-cryptocurrency-5_2267650407671005227

http://www.mobile-tech-today.com/story.xhtml?story_id=91084

http://www.vocalcom.com/blank?url=http%3A%2F%2Fwww.crm-daily.com%2Fstory.xhtml%3Fstory_id%3D91084

http://www.globalne.ws/Latest/D/4028810e436b0fbd01436f5924295921/NXT-Launches-Next-Generation-of-Cryptocurrency#.Us2OwlvuJmk

http://article.wn.com/view/2014/01/08/NXT_Launches_Next_Generation_of_Cryptocurrency/#/related_news

http://www.newsfactor.com/story.xhtml?story_id=01300086TIHO&full_skip=1

http://www.cryptocoinmarkets.com/?p=59

http://virtualcurrenciesnews.com/nxt-official-launch-nxt-generation-of-cryptocurrency-begins-now-2/

http://bitcoinowl.com/nxt-official-launch-%E2%80%93-nxt-generation-cryptocurrency-begins-now

http://www.cio-today.com/news/NXT-Intros-Next-Gen-Cryptocurrency/story.xhtml?story_id=01300086TIHO

http://www.toptechnews.com/news/NXT-Intros-Next-Gen-Cryptocurrency/story.xhtml?story_id=01300086TIHO

http://suchcoin.net/2014/01/nxt-launch-next-generation-cryptocurrency/

http://www.quotecoins.com/nxt-official-launch-nxt-genera-381149836.html

new:
http://bitcointradingroom.com/nxt-official-launch-nxt-generation-of-cryptocurrency-begins-now/

http://www.data-storage-today.com/story.xhtml?story_id=91084

http://bitcoin-tech.com/blogs/entry/nxt-official-launch-nxt-generation-of-cryptocurrency-begins-now-1

http://zero-change.com/index.php/722-NXT-Official-Launch-%E2%80%93-NXT-Generation-of-Cryptocurrency-Begins-Now

http://thebitcoinnews.co.uk/2014/01/04/nxt-official-launch-nxt-generation-of-cryptocurrency-begins-now/

I submitted it to more sites, but it is fantastic they really published it Cheesy  

(donations of course welcomed Cheesy)

PS: I also tweeted to some crypto - celebrities or journalists
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January 11, 2014, 11:39:15 AM
 #16776

Is this mentioned in the original THREAD

Yes.
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January 11, 2014, 11:40:24 AM
 #16777

I can tell you that there's a lot of new people coming from http://forum.eve-ru.com/index.php?showtopic=108724 to get some money from the faucet.
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January 11, 2014, 11:42:02 AM
 #16778

BUT; I think we all see this as a community effort and that coins should be spent in future of NXT.

I think you r better placed to give them coins a good destination.

let the community know where you did spent it.

thank you

Pin

We should implement Multisignatures and transfer unclaimed coins to an account controlled by several people.

NB: Don't spend all coins at once, leave at least a few millions for development of concepts marked with (concept not ready).
wesleyh
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January 11, 2014, 11:42:16 AM
 #16779

Is this mentioned in the original THREAD

Yes.

Have you seen this: https://forums.nxtcrypto.org/viewtopic.php?f=17&t=524
swartzfeger
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January 11, 2014, 11:44:20 AM
 #16780

Gang,

Would appreciate Chinese speakers looking this over for errors. Also, I know nothing about leading/kerning/spacing with Chinese characters and what's appropriate.



Also, full-size PDF is here

EDIT: sorry, forgot to credit Miramare from the nextcoin.org forum for supplying Chinese text.
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