| Nxt | Blockchain Platform | Proof of Stake | Official

[Vega]

Simply put, you will not make decent money forging, it's not what it's for.

I'd like to counter-balance your statement a bit - won't make decent money forging at this point.
...

That is all true, but as transaction number increases, fee will be lowered. Fee will be 0.1 very soon.
I'm the first to encourage anyone and everyone to invest in Nxt, but doing it purly for forging profit is a recipe for disappointment. Classic miners mentality won't work in Nxt.

edit: I made a post about the forging for network security yersterday, I think it's also relevant here: https://bitcointalk.org/index.php?topic=639819.msg7192186#msg7192186

[1714870133]

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[1714870133]

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[1714870133]

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[devphp]

The classic miners mentality will have to adapt to NXT philosophy, that's true
But there is still a profit opportunity here, that was my point.
Besides, one can do indirect mining, by mining sha256/scrypt coins and selling them for NXTs, and then use those NXTs to (lease-)forge.

[ChuckOne]

You can forge with 1 NQT, 10 NQTs, 100000 NQTs

AFAIK this is wrong. Forging begins with 1NXT. 

Then you might have a look at https://bitbucket.org/JeanLucPicard/nxt/src/9b0ffb406e08cc7e8aed5161f362b2d1640c8647/src/java/nxt/Account.java?at=master#cl-253

[ChuckOne]

*Forgive me if this is a silly question, im new here*

I have 50 NXT coins, and have been forging for 3 or 4 days.
Am i essentially wasting my time forging with such a little balance?

I would like to have a steady stream of coins into my balance.
Whats the best way to accomplish that goal?


Thank you in advance

Are you serious? 50 NXT forging for 3 or 4 days? I dont think it is worth to forge because the power fee is more expensive than 50 NXT.
If you really want to forge, I would suggest buy more NXT than 100,000

So if i had 100k NXT, how much would a weeks worth of forging yield?

I have heard 1 block each day. But, do not nail me down on this. Key here is long-term.

[ChuckOne]

*Forgive me if this is a silly question, im new here*

I have 50 NXT coins, and have been forging for 3 or 4 days.
Am i essentially wasting my time forging with such a little balance?

I would like to have a steady stream of coins into my balance.
Whats the best way to accomplish that goal?


Thank you in advance

Are you serious? 50 NXT forging for 3 or 4 days? I dont think it is worth to forge because the power fee is more expensive than 50 NXT.
If you really want to forge, I would suggest buy more NXT than 100,000

So if i had 100k NXT, how much would a weeks worth of forging yield?

http://www.mynxt.info/forging_calculator.php

Simply put, you will not make decent money forging, it's not what it's for.

+1

[coradan]

When you forging a block, you obtain 1 NSC (6775372232354238105) asset in AE, its value at this moment is 11 NXT, so you can add this value per block.

[Vega]

When you forging a block, you obtain 1 NSC (6775372232354238105) asset in AE, its value at this moment is 11 NXT, so you can add this value per block.

That's true, the forging calculator should include NSC.
It would be fairly simple to get the current price of NSC and add it to the calculations.

[devphp]

When you forging a block, you obtain 1 NSC (6775372232354238105) asset in AE, its value at this moment is 11 NXT, so you can add this value per block.

That's true, the forging calculator should include NSC.
It would be fairly simple to get the current price of NSC and add it to the calculations.

Exactly, that's why I made a point there is a profit opportunity here even if the tx fee is lowered to 0.1, it won't matter much for profitability. By the time big stakeholders stop buying up the NSCs from forgers, the number of txs will allow forging to sustain profitability for forgers, provided all the planned and in-the-works features of NXT and NXT itself becomes popular enough.

150 000 blocks generated over the next 6 months * 11 NXT per NSC = 1.5 mln. NXTs, I think big stakeholders can afford that easily to ensure protection of the network. In 6 months from now, if NXT can't be at least #2 on coinmarketcap, it probably failed.

EDIT: in other news, Bter's NXT coffer has lost some funds in the last 2 days, and little new funds are deposited, meaning few sellers and perhaps the price has bottomed now.

[starik69]

You can forge with 1 NQT, 10 NQTs, 100000 NQTs

AFAIK this is wrong. Forging begins with 1NXT. 

Then you might have a look at https://bitbucket.org/JeanLucPicard/nxt/src/9b0ffb406e08cc7e8aed5161f362b2d1640c8647/src/java/nxt/Account.java?at=master#cl-253

And you here ->
https://nxtforum.org/index.php?topic=922.msg13951#msg13951

[xivba]

Nxters please help to achieve better ranking for NXT @ http://www.coingecko.com/
Subscribe to http://www.reddit.com/r/NXT/
More info: http://www.reddit.com/r/NXT/comments/27ng80/rnxt_is_currently_ranked_19_th_in_terms_of/

[Emule]

OMG, this NXT crap still arround 

think have still some leftovers to spill on all you bagholders!

let the games begin, muaahahaha muahahahahahahahhhhhhhaaaaaaaa

[Daedelus]

OMG, this NXT crap still arround  

think have still some leftovers to spill on all you bagholders!

let the games begin, muaahahaha muahahahahahahahhhhhhhaaaaaaaa

As if you hadn't noticed on our rise to Number 3.

You're not allowed to come back, we deleted you from the Glossary for being irrelavent  

[Breasal]

OMG, this NXT crap still arround 

think have still some leftovers to spill on all you bagholders!

let the games begin, muaahahaha muahahahahahahahhhhhhhaaaaaaaa

Idiot

[PilotofBTC]

OMG, this NXT crap still arround 

think have still some leftovers to spill on all you bagholders!

let the games begin, muaahahaha muahahahahahahahhhhhhhaaaaaaaa

I'll accept any NXT crap you want to dump into my wallet.

[Daedelus]

For anyone who isn't aware, Emule is Nxt's most persistent troll on the 2600+ page megathread   He has a long history with Nxt.

Permadoom monger, credits include taking credit for any dips in price due to his selling (like the last one from $100m Emule?   ), questioning the sexuality of other user's mothers, incorrectly predicting Nxt will go to 0.000031 at every dip and being Come-from-Beyond's favourite  

Don't worry, he is harmless.

[Vrontis]

Nxt at Bitcoin2014 video summary:

http://youtu.be/ni1vduR9nys

This is really nice!!It motivates us all!!
Thanks!

[lyynx]

OMG, Emule, we missed you - our own resident troll. Our cute cuddly Emo is the best thing that ever happened to Nxt. Can't wait for the MS Paint Price Charts.

Ok, do your thing. I have BTC in BTER and my mouse on the buy button. I don't know if it's possible, but if you really work hard, maybe you can even get CFB to comeback on BCT, but you have to do your best.

[Istanbul34]

OMG, this NXT crap still arround 

think have still some leftovers to spill on all you bagholders!

let the games begin, muaahahaha muahahahahahahahhhhhhhaaaaaaaa

Green candle at Bter.

[Anonylz]

can someone please take a look at my post in this other thread?
https://bitcointalk.org/index.php?topic=401049.msg7214809#msg7214809
tnx in advance

[TwinWinNerD]

Guys!

Remember IF you have funds on BTER because you daytrade or want to sell/have bought:

TAKE YOUR DAILY INTREST!