| Nxt | Blockchain Platform | Proof of Stake | Official

[ThomasVeil]

Guys, check out the new forging calculator in myNXT.info: http://www.mynxt.info/forging_calculator.php

It calculates how much you can forge given your balance

Thanks, nice - I'll hand that out to noobs It's always the first thing they ask.

BTW: I find those outgoing links at the transactions on myNXT.info confusing (don't quite get what they're there for). Bit of a security risk too.

[lumierre]

Just when Bitcoin is on the verge of a 51% attack, somebody dumps 400k+ NXT. Makes you wonder what these guys are thinking. 

[devphp]

One thing I've noticed since the launch of the NXT Asset Exchange - it's a breather on your nerves to trade on it.

Take any centralized crypto exchange. If you want to buy something, you can't help thinking - would it possibly go down tomorrow, would I get my deposit back, hence you rush your trades, buy at spot to quickly withdraw, instead of creating an under market buy order and waiting for it to fill. That is a loss of profits and what's more important damage to your health.

With the decentralized exchange you create an order at exactly where you want to buy an asset, and your worries of the exchange going under and running away with your funds are gone. That saves a lot of nerves, each active trader should really love it, helps avoid a lot of anxiety gastric acid.

[zhengqi]

Support NXT!

[Spider]

What drink is dark brown and hot?

[mthcl]

BIG AND FAT! 

http://nxtblocks.info/#section/blockId/12184356962681108904

No kidding! Yours?

Since the AE launch the blocks on day-time are getting fatter and fatter! YAMMY

And some guys buying NEM "I think" and confounding bid with fee lol http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=1000&blk=17357142567381144138

He just doubled all pool forgers earnings

That was nice of him.  I'm forging in that pool 

[abuelau]

Guys, check out the new forging calculator in myNXT.info: http://www.mynxt.info/forging_calculator.php

It calculates how much you can forge given your balance

Thanks, nice - I'll hand that out to noobs It's always the first thing they ask.

BTW: I find those outgoing links at the transactions on myNXT.info confusing (don't quite get what they're there for). Bit of a security risk too.

You mean when you click on an alias name? For aliases, when you click on it it redirects to the <alias>.mynxt.info which is a distributed DNS, so you can see what's in the alias.

[evanxxx]

wow, it has been quite some time not seeing someone call Nxt scam. Nice show

[Brangdon]

Guys, check out the new forging calculator in myNXT.info: http://www.mynxt.info/forging_calculator.php

It calculates how much you can forge given your balance

Excellent, thanks. Apparently the break-even point for leasing is around 6,000. That's based on a lease time of 32767 blocks and a block time of 90 seconds.

(I still don't really get how the block time can be 90 seconds when it was supposed to be 60 seconds, but apparently it is.) It might be useful if that page could accept lease times in number of blocks directly, instead of in hours, so that it matched what we type when we set up a lease.

[Brangdon]

I held about 10,000 nxt and forged for a month but generated nothing.

According to http://www.mynxt.info/forging_calculator.php, you'd expect to forge one block every 4 months with that amount.

I think I understand that forging success depends on amount on nxt held, the amount of time it's been held, and client uptime. Is this correct and is that it?

It doesn't depend on the amount of time it's held, once its been held for 1440 blocks. There are no "coin days destroyed" in Nxt.

Do other factors like cpu, memory, or bandwidth have any bearing?

No.

[jdcer]

dump 

[akujin]

Damn! I missed that last dump by 47 satoshi! LOL!

[ChuckOne]

I got yet another infrastructure request to you, guys.

Have a look: http://charts.nxtcrypto.org/cNoOfAwardedForgers.aspx

We need more forging accounts.

Big stakeholders, split up your accounts to at most 5 million NXTs, please.

Small stakeholders, form hubs and forge together. Each active NXT helps.

Thanks.

[Simakki]

I got yet another infrastructure request to you, guys.

Have a look: http://charts.nxtcrypto.org/cNoOfAwardedForgers.aspx

We need more forging accounts.

Big stakeholders, split up your accounts to at most 5 million NXTs, please.

Small stakeholders, form hubs and forge together. Each active NXT helps.

Thanks.

Thats sound little odd, when NXT is suppose to be a currency system, where you get somehow rewarded when concentrating units?

How can a monetary system works if it kind a againts spending ?

[ChuckOne]

Thats sound little odd, when NXT is suppose to be a currency system, where you get somehow rewarded when concentrating units?

How can a monetary system works if it kind a againts spending ?

I am sorry. I cannot follow. Would you be so kind as to paraphrase it again for me?

[Anon136]

Thats sound little odd, when NXT is suppose to be a currency system, where you get somehow rewarded when concentrating units?

How can a monetary system works if it kind a againts spending ?

People borrow money at interest dont they? even though they have to pay back more than they borrowed later. Money spent now is worth more than money later. its called time preference. sure forging will cause some people on the margins to chose not to buy something they otherwise would have bought, but only people on the margins. To take an extreme example no one is going to starve to death because they could have more money tomorrow if they dont buy food today. This same principal applies to less extreme examples. A new computer will always be cheaper later than it is today, yet people still buy computers every day, LOTS of them infact.

[ChuckOne]

I got yet another infrastructure request to you, guys.

Have a look: http://charts.nxtcrypto.org/cNoOfAwardedForgers.aspx

We need more forging accounts.

Big stakeholders, split up your accounts to at most 5 million NXTs, please.

Small stakeholders, form hubs and forge together. Each active NXT helps.

Thanks.

[PilotofBTC]

5 Million only? wow, I don't even have the 4000 I bought and were stolen from me. But, I am forging with my 25.

[JohnnyBTCSeed]

I got yet another infrastructure request to you, guys.

Have a look: http://charts.nxtcrypto.org/cNoOfAwardedForgers.aspx

We need more forging accounts.

Big stakeholders, split up your accounts to at most 5 million NXTs, please.

Small stakeholders, form hubs and forge together. Each active NXT helps.

Thanks.

As I haven't been following all of the progress with nxt can you elaborate on methods to efficiently forge. I've tried to obtain this info from the forums but still have lots of questions.

Can I just download a client and start forging? Can my friends with nxt lease them to me and I forge on my laptop using the client I downloaded?

If I download a client is this what is referred to as a hub?

What is the best hardware to run a hub for forging?

Am I correct in that I really need to have about 100,000 nxt to forge?

[Simakki]

Thats sound little odd, when NXT is suppose to be a currency system, where you get somehow rewarded when concentrating units?

How can a monetary system works if it kind a againts spending ?

People borrow money at interest dont they? even though they have to pay back more than they borrowed later. Money spent now is worth more than money later. its called time preference. sure forging will cause some people on the margins to chose not to buy something they otherwise would have bought, but only people on the margins. To take an extreme example no one is going to starve to death because they could have more money tomorrow if they dont buy food today. This same principal applies to less extreme examples. A new computer will always be cheaper later than it is today, yet people still buy computers every day, LOTS of them infact.

Banking systems differs quite a bit from NXT, borrowing creates more money and money multiplier formula, so i dont quite understand how thats suppose to be good thing that, guys how have allready huge amount of nxt are the ones who benefit most.

Would be possible that whale who owns big amount of NXT can have lets say 5% "interest" by forging ? Because in this case he would not borrow any of the money for less interest rate ?

I dont mean to be againt nxt, but just dont quite get it how that POS system will under terms of monetary system.