|
|
|
|
labestia
Member
 Offline
Activity: 86
Merit: 10
|
 |
April 14, 2014, 10:44:48 PM |
|
How are we supposed to generate new NAS? I've got some in my webwallet and i'm apparently "forging" but haven't seen any tx fees collected.
Thanks guys
|
|
|
|
|
TwinWinNerD (OP)
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
|
|
April 14, 2014, 10:46:58 PM |
|
How are we supposed to generate new NAS? I've got some in my webwallet and i'm apparently "forging" but haven't seen any tx fees collected.
Thanks guys
It is like a lottery for each block. If you have 1 million NAS, and there are 500 million NAS trying to forge a block, you will statistically forge every 1/500 block. But with good luck or bad luck, you could forge 1 block in 10 minutes or ever week only. Also, no new NAS are created. Only thing you can get are the TX fees in the blocks. |
|
|
|
labestia
Member
Offline
Activity: 86
Merit: 10
|
|
April 14, 2014, 10:51:55 PM |
|
How are we supposed to generate new NAS? I've got some in my webwallet and i'm apparently "forging" but haven't seen any tx fees collected.
Thanks guys
It is like a lottery for each block. If you have 1 million NAS, and there are 500 million NAS trying to forge a block, you will statistically forge every 1/500 block. But with good luck or bad luck, you could forge 1 block in 10 minutes or ever week only. Also, no new NAS are created. Only thing you can get are the TX fees in the blocks. gotcha, thanks... So, as long as my client says i'm forging I can be assured it's not sitting idle? |
|
|
|
|
TwinWinNerD (OP)
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
|
|
April 14, 2014, 10:52:28 PM |
|
How are we supposed to generate new NAS? I've got some in my webwallet and i'm apparently "forging" but haven't seen any tx fees collected.
Thanks guys
It is like a lottery for each block. If you have 1 million NAS, and there are 500 million NAS trying to forge a block, you will statistically forge every 1/500 block. But with good luck or bad luck, you could forge 1 block in 10 minutes or ever week only. Also, no new NAS are created. Only thing you can get are the TX fees in the blocks. gotcha, thanks... So, as long as my client says i'm forging I can be assured it's not sitting idle? yes!  |
|
|
|
TwinWinNerD (OP)
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
|
|
April 14, 2014, 10:59:03 PM |
|
GUYS I WILL PAYOUT ALL THE GIVEAWAY TOMORROW. MUST GO NOW!!
GOOD NICHT!
|
|
|
|
|
qqNxt
|
|
April 15, 2014, 12:11:26 AM |
|
I love giveaways!  |
|
|
|
|
|
pvkpgp
|
|
April 15, 2014, 01:53:46 AM |
|
Top
NAS too good
More and more exuberant popularity
Hope creates a miracle！！！
|
|
|
|
|
notsoshifty
|
|
April 15, 2014, 01:59:18 AM |
|
stop posting the inital distribution. It has changed alot and this coin is only 14 days old. Look at the actual distribution here: http://nascoin.org:7888/nas?action=accountYes it is not much better but no account has more than 5%. Like NXT. The first account belongs to dgex.com the exchange and the second is the marketing accounnt. Well, we all know that how much is in individual accounts isn't important. How much is owned/controlled by individual people is important, and once people start moving their funds around from one account to another there's no accurate way to determine this. Has he sold it to someone else? Has he transferred it to a few smaller accounts, for cold storage? Has he written the passphrase on a piece of paper and swallowed it in a brief moment of mad rage? Who knows. |
|
|
|
|
TwinWinNerD (OP)
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
|
|
April 15, 2014, 02:02:17 AM |
|
stop posting the inital distribution. It has changed alot and this coin is only 14 days old. Look at the actual distribution here: http://nascoin.org:7888/nas?action=accountYes it is not much better but no account has more than 5%. Like NXT. The first account belongs to dgex.com the exchange and the second is the marketing accounnt. Well, we all know that how much is in individual accounts isn't important. How much is owned/controlled by individual people is important, and once people start moving their funds around from one account to another there's no accurate way to determine this. Has he sold it to someone else? Has he transferred it to a few smaller accounts, for cold storage? Has he written the passphrase on a piece of paper and swallowed it in a brief moment of mad rage? Who knows. I know that all stakeholders i know sold NAS to spread the word. Also it makes sence to keep all your NAS in one account to forge more blocks, so there is that. But yeah it is true that people could just shift NAS around to different accounts, but this hasn't happen in NXT and I don't see it happen with NAS. |
|
|
|
|
sonysasankan
|
|
April 15, 2014, 02:30:12 AM |
|
Hey.... only got 5k nas.... the spreadsheet lists me as newbie. But I've been Jr. Member for quite a while now.
|
|
|
|
|
sonysasankan
|
|
April 15, 2014, 02:34:44 AM |
|
I also wanted to know how the POS works. Is there any advantage to buying more NAS. Will the NAS I have in my wallet increase over time? I am looking to invest in something long term like this.
|
|
|
|
TwinWinNerD (OP)
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
|
|
April 15, 2014, 02:38:21 AM |
|
Hey.... only got 5k nas.... the spreadsheet lists me as newbie. But I've been Jr. Member for quite a while now.
My bad! Please send a new message to NAS_GIVEAWAY and explain that you got to little, and I will send you 5k tomorrow and a little extra for the hassle! Sry my friend Mistakes happen! |
|
|
|
TwinWinNerD (OP)
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
|
|
April 15, 2014, 02:40:12 AM |
|
I also wanted to know how the POS works. Is there any advantage to buying more NAS. Will the NAS I have in my wallet increase over time? I am looking to invest in something long term like this.
If you have NAS in your account longer than 1440 confirmations ( ~ 1.5 days atm) and then start your client and start forging (the client needs to run for this), then you participate in a lottery to create blocks and if you create a block and it contains fees, then you will get those fees. But don't expect much return from this, maybe 0.1% per year. This is done to secure the network, not to give intrest PS: Never invest more than you can afford to lose, crypto world is crazy! |
|
|
|
kittucrypt
Sr. Member
Offline
Activity: 300
Merit: 253
Ok Check!
|
|
April 15, 2014, 02:41:17 AM |
|
Indian is not a language. The India thread here uses English..just like most of our(India's) official communication. |
|
|
|
TwinWinNerD (OP)
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
|
|
April 15, 2014, 02:43:29 AM |
|
Indian is not a language. The India thread here uses English..just like most of our(India's) official communication. yeah i know, this was rather meant that someone crossposts this to that community. It won't pay full 50000 NAS but a bit! |
|
|
|
kittucrypt
Sr. Member
Offline
Activity: 300
Merit: 253
Ok Check!
|
|
April 15, 2014, 02:45:48 AM |
|
Indian is not a language. The India thread here uses English..just like most of our(India's) official communication. yeah i know, this was rather meant that someone crossposts this to that community. It won't pay full 50000 NAS but a bit! is the sub-board. You can post yourself, unless you want someone posting there regularly to post for you. you can save some money too that way |
|
|
|
|
sonysasankan
|
|
April 15, 2014, 02:46:40 AM |
|
Hey.... only got 5k nas.... the spreadsheet lists me as newbie. But I've been Jr. Member for quite a while now.
My bad! Please send a new message to NAS_GIVEAWAY and explain that you got to little, and I will send you 5k tomorrow and a little extra for the hassle! Sry my friend Mistakes happen! Cool... will do. Thanks |
|
|
|
TwinWinNerD (OP)
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
|
|
April 15, 2014, 02:48:29 AM |
|
Indian is not a language. The India thread here uses English..just like most of our(India's) official communication. yeah i know, this was rather meant that someone crossposts this to that community. It won't pay full 50000 NAS but a bit! is the sub-board. You can post yourself, unless you want someone posting there regularly to post for you. you can save some money too that way I want to spend NAS to people so that it gets better spread. I don't want to save those coins Someone will do that soon i guess  |
|
|
|
|
