Transparent mining, or What makes Nxt a 2nd generation currency

[Digicoiner]

If I have to close my client each night for example how long will I get a "temporary penalty" to mine - a few minutes, hours?  I'm worried that closing the client at night will nullify my ability to mine the next day.

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[Come-from-Beyond]

If I have to close my client each night for example how long will I get a "temporary penalty" to mine - a few minutes, hours?  I'm worried that closing the client at night will nullify my ability to mine the next day.

1440 blocks in current design.

[DiCE1904]

If I have to close my client each night for example how long will I get a "temporary penalty" to mine - a few minutes, hours?  I'm worried that closing the client at night will nullify my ability to mine the next day.

Good question, I had the same question. Thanks for addressing it CfB

[Digicoiner]

If I have to close my client each night for example how long will I get a "temporary penalty" to mine - a few minutes, hours?  I'm worried that closing the client at night will nullify my ability to mine the next day.

1440 blocks in current design.

So if the temporary penalty to mine is 1440 blocks (24 hours) due having an account offline then it's not really worth it (in terms of forging) to bring the account online each morning as it will never surpass the penalty time.  This might be the situation for some people who want to forge.

[subSTRATA]

To store coins in cold just send them to an account that u don't use. U must send at least 1 NXT to any account from cold account to reserve ur account id.

What if I don't send any NXT to some other address but create 1 or more aliases, does that count as ID-reserving transaction(s)?

[opticalcarrier]

To store coins in cold just send them to an account that u don't use. U must send at least 1 NXT to any account from cold account to reserve ur account id.

What if I don't send any NXT to some other address but create 1 or more aliases, does that count as ID-reserving transaction(s)?

yes, anything that causes you to spend NXT would generate a public key on the blockchain

[BitAddict]

If I have to close my client each night for example how long will I get a "temporary penalty" to mine - a few minutes, hours?  I'm worried that closing the client at night will nullify my ability to mine the next day.

1440 blocks in current design.

No way. I forged some blocks just minutes/few hours after I reconnected the PC after closing it all the night.

I think he is speaking about the penalty when you send NxT to a new account.
Closing and opening client has no penalty.

[Come-from-Beyond]

So if the temporary penalty to mine is 1440 blocks (24 hours) due having an account offline then it's not really worth it (in terms of forging) to bring the account online each morning as it will never surpass the penalty time.  This might be the situation for some people who want to forge.

Such people will lease their forging power to "pools".

[Come-from-Beyond]

No way. I forged some blocks just minutes/few hours after I reconnected the PC after closing it all the night.

I think he is speaking about the penalty when you send NxT to a new account.
Closing and opening client has no penalty.

If u miss ur turn to forge a block u'll be penalized.

[BitAddict]

No way. I forged some blocks just minutes/few hours after I reconnected the PC after closing it all the night.

I think he is speaking about the penalty when you send NxT to a new account.
Closing and opening client has no penalty.

If u miss ur turn to forge a block u'll be penalized.

I didn't know about that :/
So it will be added in the future with TF

[ZeroTheGreat]

Can you send someone 0.001 NXTCOINS?

No. But it will be possible in a couple of months.

4 digits planned? Or variable?

No way. I forged some blocks just minutes/few hours after I reconnected the PC after closing it all the night.

I think he is speaking about the penalty when you send NxT to a new account.
Closing and opening client has no penalty.

If u miss ur turn to forge a block u'll be penalized.

Mmm, 99.9999%-to-forge-next-block-target = "your turn" or something like this? And lowforgers'll extremely rare could be penalized in that case (almost never catch up to 90%+ before shutting down)?

[Come-from-Beyond]

4 digits planned? Or variable?

No idea yet.

Mmm, 99.9999%-to-forge-next-block-target = "your turn" or something like this? And lowforgers'll extremely rare could be penalized in that case (almost never catch up to 90%+ before shutting down)?

What do u mean?

[ZeroTheGreat]

I think, I understood. There'll be multiple 100%+ chances to forge a block for many different forgers at differernt timestamps in future, but network topology + forks'es successes'll decide a winner. Right?

And if winner'll be same forger as predicted at first place (predicted for sender), TF'll get 1 confirmation to last unconfirmed txs almost instantly. If not, senders'll have to wait some more time rebroadcasting.

[Come-from-Beyond]

I think, I understood. There'll be multiple 100%+ chances to forge a block for many different forgers at differernt timestamps in future, but network topology + forks'es successes'll decide a winner. Right?

And if winner''ll be same forger as predicted at first place, TF'll get 1 confirmation to last unconfirmed txs almost instantly. If not, senders'll have to wait some more time rebroadcasting.

Aye

[opticalcarrier]

with transparent forging, could a block forger choose to not send ANY transactions except its own, a block chock full of only his own transactions, and do so for free while completely ignoring everyone elses transactions?

[starik69]

I think yes, but he also can include other unconfirmed transactions and get their fees. Why ignore money?

[opticalcarrier]

just do be a dick.  we all know people like. that.  network disruption

[Come-from-Beyond]

with transparent forging, could a block forger choose to not send ANY transactions except its own, a block chock full of only his own transactions, and do so for free while completely ignoring everyone elses transactions?

Yes, feel free to include only ur own transactions or none at all.

[opticalcarrier]

with transparent forging, could a block forger choose to not send ANY transactions except its own, a block chock full of only his own transactions, and do so for free while completely ignoring everyone elses transactions?

Yes, feel free to include only ur own transactions or none at all.

am I the only one who doesnt like this?

[martismartis]

dumb question:

Can I forge a block,when port 7874 is closed on my router?