ChuckOne
Sr. Member
 Offline
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
|
 |
May 13, 2014, 04:28:10 PM |
|
Thanks for The pool suggestion guys.
What I'm wondering is, assume you have 1000 NXT and you solo -forge; what would be the average numbers of transactions you would get and how many NXT you would actually earn?
Rough numbers would do more then enough.
Thanks in advance :-)
Edit: Forging for a day, I mean.
in a day = 0 in a week = 0 in a year = 0 in 10 years = 1 Nxt Ouch! I'm a total pos newbie but I was expecting something like 0.1% annual interest or so. This seems something totally different compared to pos coins Do not worry. His estimates are not accurate. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
bluemeanie1
|
|
May 13, 2014, 04:32:13 PM |
|
how much return does BTC yield? does anyone know? pls post it here.
note: appreciation != yield.
-bm
|
|
|
|
Damelon (OP)
Legendary
Offline
Activity: 1092
Merit: 1010
|
|
May 13, 2014, 04:41:03 PM |
|
|
|
|
|
|
|
|
Daedelus
|
|
May 13, 2014, 04:57:19 PM |
|
Thanks for The pool suggestion guys.
What I'm wondering is, assume you have 1000 NXT and you solo -forge; what would be the average numbers of transactions you would get and how many NXT you would actually earn?
Rough numbers would do more then enough.
Thanks in advance :-)
Edit: Forging for a day, I mean.
in a day = 0 in a week = 0 in a year = 0 in 10 years = 1 Nxt Ouch! I'm a total pos newbie but I was expecting something like 0.1% annual interest or so. This seems something totally different compared to pos coins Jl777 calculated 0.38% per annum currently. |
|
|
|
|
|
bluemeanie1
|
|
May 13, 2014, 05:07:33 PM |
|
Thanks for The pool suggestion guys.
What I'm wondering is, assume you have 1000 NXT and you solo -forge; what would be the average numbers of transactions you would get and how many NXT you would actually earn?
Rough numbers would do more then enough.
Thanks in advance :-)
Edit: Forging for a day, I mean.
in a day = 0 in a week = 0 in a year = 0 in 10 years = 1 Nxt Ouch! I'm a total pos newbie but I was expecting something like 0.1% annual interest or so. This seems something totally different compared to pos coins Jl777 calculated 0.38% per annum currently.  LOL that's better than some American Savings Accounts.https://www.bankofamerica.com/deposits/bank-account-interest-rates.go-bm |
|
|
|
TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
|
|
May 13, 2014, 05:13:48 PM |
|
Thanks for The pool suggestion guys.
What I'm wondering is, assume you have 1000 NXT and you solo -forge; what would be the average numbers of transactions you would get and how many NXT you would actually earn?
Rough numbers would do more then enough.
Thanks in advance :-)
Edit: Forging for a day, I mean.
in a day = 0 in a week = 0 in a year = 0 in 10 years = 1 Nxt Ouch! I'm a total pos newbie but I was expecting something like 0.1% annual interest or so. This seems something totally different compared to pos coins Jl777 calculated 0.38% per annum currently. That is with a forging pool or big Holdings. The forged blocks with next pos are not proportional distributed. So a 1000 nxt forging will receive less than average |
|
|
|
|
bluemeanie1
|
|
May 13, 2014, 05:19:26 PM |
|
That is with a forging pool or big Holdings. The forged blocks with next pos are not proportional distributed. So a 1000 nxt forging will receive less than average
The official P/E ratings will be available soon with some background on the computation. There are some complex considerations. There is not a strictly linear relationship between asset holdings and returns. -bm |
|
|
|
|
mikesbmw
|
|
May 13, 2014, 05:30:33 PM |
|
Thanks for The pool suggestion guys.
What I'm wondering is, assume you have 1000 NXT and you solo -forge; what would be the average numbers of transactions you would get and how many NXT you would actually earn?
Rough numbers would do more then enough.
Thanks in advance :-)
Edit: Forging for a day, I mean.
in a day = 0 in a week = 0 in a year = 0 in 10 years = 1 Nxt Ouch! I'm a total pos newbie but I was expecting something like 0.1% annual interest or so. This seems something totally different compared to pos coins Jl777 calculated 0.38% per annum currently. That is with a forging pool or big Holdings. The forged blocks with next pos are not proportional distributed. So a 1000 nxt forging will receive less than average You know, the thing that almost everyone forgets: how much would you mine when you buy $30 worth of mining kit? My estimate: $0 per day/week/month. Perhaps the odd crapcoin, but than you also have to take your electricity in account. You can lease your coins and that way you can still earn a little something. |
|
|
|
|
|
|
|
|
|
|
|
|
chanc3r
|
|
May 13, 2014, 07:39:50 PM |
|
Jl777 calculated 0.38% per annum currently.
There are at least 2 or 3 forging pools now under development - you 'lease' your balance to the pool, the pool forges and you can get the earnings from the pool operator... This is a bit like pooled mining vs solo mining, pooled forging will give you some return more frequently, solo forging will give you a return much less often... Always better to pool unless you have a large stake, just like with PoW you only solo mine if you have terra hashes of mining power. Look on NXTforum - join one of the pools, great thing is you don't even have to be online once you have set the lease, the account you have leased the NXT to forges on a single computer somewhere.... tbh 1000 NXT is not going to get you much.. |
|
|
|
barabbas
Legendary
Offline
Activity: 1162
Merit: 1000
|
|
May 13, 2014, 07:56:52 PM |
|
I have been reading about this coin and it's very complicated "system" and horribly complex wallet -that, for me, serves no purpose since I have tried to sent some coins to it but I can't from Cryptsy-. And I have found only one very, very big, huge in fact, problem: If I have understood it correctly, this coin came out on an IPO in which people were offered to buy batches of 50 million coins each for 1 BTC. The total coins was -is- 1 billion. That means that only 20 people got one of those batches. And being the skeptical individual that I am, I have to imagine that at least a few of those batches belong or are controlled by the dev team.
Now -and again I would love clarification if I am wrong-, that poses a huge problem of what this coin is precisely supposed to be, the most decentralized of coins, for only 20 people -and I assume many of them would have cashed a lot of those millions already, but many more continue adding coins by forging massive amounts- really control not just the bulk but almost the totality of the coins. Yes they need to sell and they have and are and will forever, but that in itself is not a good thing at all. Plus how that situation can be turned into "a 51% attack will be impossible"? only 10 of those people could easily carry out one...
Thanks in advance for clarifying any of the above if I got it wrong.
|
|
|
|
|
|
bluemeanie1
|
|
May 13, 2014, 08:06:34 PM |
|
but many more continue adding coins by forging massive amounts
no the total NXT in circulation does not increase. The money supply is constant. -bm |
|
|
|
barabbas
Legendary
Offline
Activity: 1162
Merit: 1000
|
|
May 13, 2014, 08:24:30 PM |
|
but many more continue adding coins by forging massive amounts
no the total NXT in circulation does not increase. The money supply is constant. -bm So those people with 40-50 million coins, they don't forge more? |
|
|
|
|
|
Ezravdb
|
|
May 13, 2014, 08:26:57 PM |
|
but many more continue adding coins by forging massive amounts
no the total NXT in circulation does not increase. The money supply is constant. -bm So those people with 40-50 million coins, they don't forge more? Yes, they get a greater amount of the nxt fees. But they overall supply of NXT will stay the same, as every nxt will come from a fee someone has to pay |
|
|
|
|
bluemeanie1
|
|
May 13, 2014, 08:27:32 PM |
|
but many more continue adding coins by forging massive amounts
no the total NXT in circulation does not increase. The money supply is constant. -bm So those people with 40-50 million coins, they don't forge more? they do forge BLOCKS and they get the TX FEES as payment for doing so. So the NXTs only circulate from USERS to STAKEHOLDERS via transaction fees. it's quite different than Bitcoin. -bm |
|
|
|
barabbas
Legendary
Offline
Activity: 1162
Merit: 1000
|
|
May 13, 2014, 08:30:06 PM |
|
but many more continue adding coins by forging massive amounts
no the total NXT in circulation does not increase. The money supply is constant. -bm So those people with 40-50 million coins, they don't forge more? they do forge BLOCKS and they get the TX FEES as payment for doing so. So the NXTs only circulate from USERS to STAKEHOLDERS via transaction fees. it's quite different than Bitcoin. -bm I understand that but, assuming they havent sold a single coin, a guy with 50 million would have considerably more than 50 million nby forging right now, right? |
|
|
|
|
|
