[NEW MINING CLASS] MSCoins - POW coins withing Nxt's POS ecosystem

[Daedelus]

TL:DR:


On the 10th January, Nxt launched the long awaited Monetary System feature.

This allows POW coins to be mined inside Nxt's POS system and is a first. The name for this class of minable coins have been called MSCoins.

So, the steps to follow are:

1) Download the latest Nxt software to be able to connect to the network. Select the latest version from here: https://nxtforum.org/nrs-releases/
2a) For CPU windows, follow the instructions here: https://nxtforum.org/monetary-system-153/how-to-setup-miner-for-windows/
2b) For GPU guys, start here: https://nxtforum.org/monetary-system-153/nxtmint-java-minter/
3) Choose your MScoin to mine. EGOLD, ELEMS or any other from: https://nxtforum.org/monetary-system-153/
4) Take care not to set your rig up to burn though your Nxt in fees. A balance has to be struck between how many coins you mine and how frequently. A fee is paid for each successful mine, to record it in the blockchain. Mine 1 coin every min will cost 1Nxt/minute and you won't be making anything when you try to sell for profit. Understand this point before your start. It would be better to mint 50 or 100 coins at a time, it will take longer but you pay much much less in fees.

5) Get mining!

I am here for questioning.
***

Extra information:

There is a learning curve and you have to know what you are doing before you start, but the rewards are there for the early adopters of this new and growing mining class.


For those who are willing to take the plunge, more information on how to get started can be found here for CPUs on windows: https://nxtforum.org/monetary-system-153/how-to-setup-miner-for-windows/


There are already POW coins that are well known in Nxt and being mined as they were the first, with more being added everyday:

EGOLD - https://nxtforum.org/monetary-system-153/(ann)-egold-1st-mintable-keccak25-coin-zero-premint/

ELEMS - https://nxtforum.org/elems/(ann)-elems-1st-mintable-scrypt-coin-no-initial-supply-fair-distibution/

SILVR - https://nxtforum.org/monetary-system-153/(ann)-silvr-1st-mintable-ms-copycoin-keccak25-asic-proof-mining-low-diff/


Full list of MSCoins [ANN]s can be found here (not all are mineable): https://nxtforum.org/monetary-system-153/



You will need a small amount of Nxt to pay transaction fees, which you can mine at hashrate.org or buy them on BTER/BTC38/Cryptsy/HitBTC/Poloniex/Bittrex.


Those who want to GPU mine, there has already been the first GPU miner developed: https://nxtforum.org/monetary-system-153/nxtmint-java-minter/


So, the steps to follow are:

1) Download the latest Nxt software to be able to connect to the network. Select the latest version from here: https://nxtforum.org/nrs-releases/
2a) For CPU windows, follow the instructions here: https://nxtforum.org/monetary-system-153/how-to-setup-miner-for-windows/
2b) For GPU guys, start here: https://nxtforum.org/monetary-system-153/nxtmint-java-minter/
3) Choose you MScoin to mine. EGOLD, ELEMS or any other from: https://nxtforum.org/monetary-system-153/
4) Take care not to set your rig up to burn though your Nxt in fees. A balance has to be struck between how many coins you mine and how frequently. A fee is paid for each successful mine, to record it in the blockchain. Mine 1 coin every min will cost 1Nxt/minute and you won't be making anything when you try to sell for profit. Understand this point before your start. It would be better to mint 50 or 100 coins at a time, it will take longer but you pay much less in fees.

5) Get mining!



Those on Linux, Mac etc. I am willing to help you get up and running and be a point of contact to get some help from others as required.


Please ask questions if you are unsure. This is a new and growing opportunity for miners.

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[bidji29]

Network is secured by Proof-of-Stake but repartition of coins by Proof-of-Work!

That's a new paradigm in the altcoin/crypto universe.

[Bombadil]

Network is secured by Proof-of-Stake but repartition of coins by Proof-of-Work!

That's a new paradigm in the altcoin/crypto universe.

So the PoW is just for coin distribution?

[Daedelus]

Network is secured by Proof-of-Stake but repartition of coins by Proof-of-Work!

That's a new paradigm in the altcoin/crypto universe.

So the PoW is just for coin distribution?

Yes.

[Bombadil]

Network is secured by Proof-of-Stake but repartition of coins by Proof-of-Work!

That's a new paradigm in the altcoin/crypto universe.

So the PoW is just for coin distribution?

Yes.

Kinda useless then. The flaw of PoW (and PoS for that matter) is the flaw of capitalism: loads of money makes more money. But it has one unique quality: securing a decentralized blockchain.
This leaves the good part out and you're only left with a competitive game, in which the small fries can only squirm.

Can someone counter this argument? I don't see a need for artificial coin distribution, but maybe there is.

[fenghush]

You got it spot on, however what alternative is there for the small fish to be able to compete/get their "fair" share? I've been thinking about it for a while now and haven't figured out any other alternative. It's easy to point out flaws in the distribution system, it is much harder to fix them.

Network is secured by Proof-of-Stake but repartition of coins by Proof-of-Work!

That's a new paradigm in the altcoin/crypto universe.

So the PoW is just for coin distribution?

Yes.

Kinda useless then. The flaw of PoW (and PoS for that matter) is the flaw of capitalism: loads of money makes more money. But it has one unique quality: securing a decentralized blockchain.
This leaves the good part out and you're only left with a competitive game, in which the small fries can only squirm.

Can someone counter this argument? I don't see a need for artificial coin distribution, but maybe there is.

[Bombadil]

You got it spot on, however what alternative is there for the small fish to be able to compete/get their "fair" share? I've been thinking about it for a while now and haven't figured out any other alternative. It's easy to point out flaws in the distribution system, it is much harder to fix them.

Haha, yeah. I've had loads of thoughts about it too, but it seems pretty hard to solve.
PoW, as in Bitcoin, is not it. We've seen what ASICs are doing ATM, you can only get an efficient setup if you throw loads of money at it.
Cloudmining generally tends to lean to "Ponzi mining". CEX.IO was doing it the right way, but they had to quit because of profits being lower than maintenance fees. Cloud mining suffers from the same flaws, in the backend, as PoW, because that's what it is (If it isn't Ponzi mining)
Artificial PoW as in Burst or these MSCoins are far from what would be ideal. Same flaws as PoW, but are less robust, higher-level. So feel free to partake in such an experiment, but see it as that. It will needs loads of evolution before an MSCoin can become really big (and I'm not talking about a temporary PnD, or even the price).

Current PoS implementations can be better, but there's still loads of work to do. High % PoS has fierce difficulty levels. Low % PoS don't distribute that much coins but tend to give it more to low stakeholders. I can see PoS is the way to go, needs some finetuning though

[ThomasVeil]

Kinda useless then. The flaw of PoW (and PoS for that matter) is the flaw of capitalism: loads of money makes more money. But it has one unique quality: securing a decentralized blockchain.
This leaves the good part out and you're only left with a competitive game, in which the small fries can only squirm.

Can someone counter this argument? I don't see a need for artificial coin distribution, but maybe there is.

That really depends if you consider POS secure. If you do, then PoW is completely useless by your logic.

I would say though, that for Bitcoin the opposite was true. PoW was created specifically for distribution. Else Satoshi would have had all the coins, and needed to sell them (which would rely on trust/banking).
You could argue that that is also less the case by now: New POS currencies can use Bitcoin for distribution.
Not sure, but I think there is even a quote by Satoshi - where he calls Bitcoin the bootstrapping currency.

[Daedelus]

First of all, POW mining is only one of Nxt's Monetary System use cases. There are five properties to choose and mix: Controllable, Reservable, Claimable, Mintable, Non-Shufflable.

You can use these to create stores of value (locking Nxt into the creation creates a floor price), crowdfunding (funds returned automatically if target isn't reached by a certain block) and secure retail vouchers (tokens can only be set to and from the issuing account). See here for more information: http://nxter.org/nxt-core-monetary-system/ and https://wiki.nxtcrypto.org/wiki/Monetary_System


There is nothing artificial about the work done in MSCoin POW. And the more hashpower will get you more coins. Also don't mistake this for a change to Nxt, it's security is still 100% POS.


How about a POS without any inflation? After all, even small amounts of inflation erodes value over the long term.

[Daedelus]

I see in some of the ANN threads that there are some happy customers coming through 

Does anyone need help getting started?

[Daedelus]

The NxtMinter GPU mining thread is on fire!   Still working out some kinks I think though for using multiple cards.


Anyone CPU mining got any feedback? Always keen to make improvements.

[Daedelus]

Profitabilty calculations on one MSCoin shows they are making $26/day, check the stats yourself in the blockchain

https://bitcointalk.org/index.php?topic=935083

[qwep1]

Daedelus and there is a video guide, I'm just reading can not do it

[Ziploc]

I can't mine....

I bought some nxt on Bittrex....but the system says I need 1440 confirmations for my coins....

Is this normal ?

[Ziploc]

Nd I'm getting this error :

Code:

SEVERE Main.main: Exception during program initialization
.IndexOutOfBoundsException: Index: 0, Size: 0
t java.util.ArrayList.rangeCheck(Unknown Source)
t java.util.ArrayList.get(Unknown Source)
t org.ScripterRon.NxtMint.Main.main(Main.java:296)

[coretechs]

I can't mine....

I bought some nxt on Bittrex....but the system says I need 1440 confirmations for my coins....

Is this normal ?

That seems rather excessive.  Try http://shapeshift.io, it doesn't get much faster.

Nd I'm getting this error :

Code:

SEVERE Main.main: Exception during program initialization
.IndexOutOfBoundsException: Index: 0, Size: 0
t java.util.ArrayList.rangeCheck(Unknown Source)
t java.util.ArrayList.get(Unknown Source)
t org.ScripterRon.NxtMint.Main.main(Main.java:296)

Does your NxtMint.conf file have two parameters for the gpuDevice line?

For non-Scrypt hashing (i.e. EGOLD) it should be something like:
gpuDevice=0,256

[Ziploc]

I can't mine....

I bought some nxt on Bittrex....but the system says I need 1440 confirmations for my coins....

Is this normal ?

That seems rather excessive.  Try http://shapeshift.io, it doesn't get much faster.

Nd I'm getting this error :

Code:

SEVERE Main.main: Exception during program initialization
.IndexOutOfBoundsException: Index: 0, Size: 0
t java.util.ArrayList.rangeCheck(Unknown Source)
t java.util.ArrayList.get(Unknown Source)
t org.ScripterRon.NxtMint.Main.main(Main.java:296)

Does your NxtMint.conf file have two parameters for the gpuDevice line?

For non-Scrypt hashing (i.e. EGOLD) it should be something like:
gpuDevice=0,256

thx that solved the problem

but i still need 1440 confirmations for mature coins....

[lucky88888]

to mint mscoins you do not need any more than 1 confirmations of your nxt in your wallet.

remember to change the minting settings


1.Locate nxt-default.properties file in nxt-client-1.4.7.1\nxt\conf folder
2.Copy paste this file and rename it to nxt.properties
3. Open the file, locate the parameter below and change them accordingly:


Configuration:
nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=EGOLD
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=10                   
(The stronger your miner is the higher value you should put here. it means numbers of coins you want to mint each time, the more you put here the longer it takes to mint but cheaper the fees. this one means 10coins per 1nxt fee.)
nxt.mint.threadPoolSize=0
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true

[Ziploc]

to mint mscoins you do not need any more than 1 confirmations of your nxt in your wallet.

remember to change the minting settings


1.Locate nxt-default.properties file in nxt-client-1.4.7.1\nxt\conf folder
2.Copy paste this file and rename it to nxt.properties
3. Open the file, locate the parameter below and change them accordingly:


Configuration:
nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=EGOLD
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=10                    
(The stronger your miner is the higher value you should put here. it means numbers of coins you want to mint each time, the more you put here the longer it takes to mint but cheaper the fees. this one means 10coins per 1nxt fee.)
nxt.mint.threadPoolSize=0
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true

That's exactly my config;

I did hit 2 blocks of 10 units....marked in the NXT minting window..

however I got payed 0 + 1 (red)...1 NXT was removed from me/transaction

and the twice 10...I never got them...

why is that ?


similar transaction can be found there:
https://nxtblocks.info/#section/blockId/5614132592372667862

in the bottom table is marked as type : Monetary System Currency Minting but the amount is 0 and fee is 1

[lucky88888]

the amount of 0 means 0 nxt in that transaction because no one is getting any nxt and the 1 is the fees required per mint. red is the fees going out.

if you look closely in the transaction details by clicking on the transaction id, you can find the amount of minted coins in the raw data section.

eg https://nxtblocks.info/#section/txid/1045945306017018459
Raw data
Attachment   {"counter":"2","currency":"5775213290661997199","nonce":"-9028463701948602883","units":"100000","version.CurrencyMinting":1}

that is 10coins minted.

you need to find your minted coins under monetary system tab. click my currencies tab on top right and you can see how much you have.

you are minting monetary system currency. you are not minting any more nxt from this.
you may sell your mscoins for nxt in the exchange booth in the client.

[Ziploc]

the amount of 0 means 0 nxt in that transaction because no one is getting any nxt and the 1 is the fees required per mint. red is the fees going out.

if you look closely in the transaction details by clicking on the transaction id, you can find the amount of minted coins in the raw data section.

eg https://nxtblocks.info/#section/txid/1045945306017018459
Raw data
Attachment   {"counter":"2","currency":"5775213290661997199","nonce":"-9028463701948602883","units":"100000","version.CurrencyMinting":1}

that is 10coins minted.

you need to find your minted coins under monetary system tab. click my currencies tab on top right and you can see how much you have.

you are minting monetary system currency. you are not minting any more nxt from this.
you may sell your mscoins for nxt in the exchange booth in the client.

Thx again.....how do I find EGOLD.....I found it under my currencies tab


Thanbk You again

[Daedelus]

EGOLD [ANN] - https://nxtforum.org/monetary-system-153/(ann)-egold-1st-mintable-keccak25-coin-zero-premint/

[Enzyme]

I've asked this before on another thread, but, what's the most profitable/fastest to mine coin and its units setting?
Basically, I just want to know what you're mining technique since I find it easier to mine Magi.

[muhrohmat]

well i dont know if this is a profitable coin to mine with gpu as we know it takes 80 centsper day to mine with a gpu and if we dont make a t least 30 dollars mining i dont knwo im going to inspect the values give futhrter notices ok?

[Daedelus]

I've asked this before on another thread, but, what's the most profitable/fastest to mine coin and its units setting?
Basically, I just want to know what you're mining technique since I find it easier to mine Magi.

I think someone answered you on the other thread, a good GPU and EGOLD as it has a lot of volume right now.

[Enzyme]

I've asked this before on another thread, but, what's the most profitable/fastest to mine coin and its units setting?
Basically, I just want to know what you're mining technique since I find it easier to mine Magi.

I think someone answered you on the other thread, a good GPU and EGOLD as it has a lot of volume right now.

I've tried that, I really don't know how that other guy makes $26 dollars a day though.

What's your units setting set to? I think the difficulty is raising a lot.

[Daedelus]

I don't mint regularly, I have only trialled it.

The account who was making $26/day was minting 300 EGOLD (I think it was) about every 15min. We can't know what equipment he/she is using.

[Enzyme]

I don't mint regularly, I have only trialled it.

The account who was making $26/day was minting 300 EGOLD (I think it was) about every 15min. We can't know what equipment he/she is using.

It's not very profitable anymore, well it is, but only for small amounts if you have a regular PC.

Give XMG a try, Wolf0 recently released a really fast kernal and you can get a decent amount of coins with it.

[Yanakitu Tenatako]

I don't mint regularly, I have only trialled it.

The account who was making $26/day was minting 300 EGOLD (I think it was) about every 15min. We can't know what equipment he/she is using.

That is RIGHT! He/she is having a really big mining equipment and could mine same or more on other coins as well.

I managed to make it mint EGOLD, but with everything less than units=20 is pure loss.
Every transaction eats 1 nxt from account, leaving it default at 1, you will be loosing 20x more than you earning.

Interesting concept, but no real profit in it.

[Daedelus]

I don't mint regularly, I have only trialled it.

The account who was making $26/day was minting 300 EGOLD (I think it was) about every 15min. We can't know what equipment he/she is using.

That is RIGHT! He/she is having a really big mining equipment and could mine same or more on other coins as well.

I managed to make it mint EGOLD, but with everything less than units=20 is pure loss.
Every transaction eats 1 nxt from account, leaving it default at 1, you will be loosing 20x more than you earning.

Interesting concept, but no real profit in it.

Out of interest, how long does it take for you to mine 300 EGOLD?

In the other thread I mentioned there is a balance to be struck between how much and how frequently you mint. Getting the most you can in the shortest time (setting 'units' low or at the minimum) isn't a good strategy. And the right 'units' setting would be different for each person depending on your settings.

EGOLD is just one of at least a dozen coins that are being minted now, it might be true that it isn't as profitable as it has become so popular. ELEMS is the other I know if but that might be in the same boat now. I think I will play around with the minter a little more...

[Yanakitu Tenatako]

I don't mint regularly, I have only trialled it.

The account who was making $26/day was minting 300 EGOLD (I think it was) about every 15min. We can't know what equipment he/she is using.

That is RIGHT! He/she is having a really big mining equipment and could mine same or more on other coins as well.

I managed to make it mint EGOLD, but with everything less than units=20 is pure loss.
Every transaction eats 1 nxt from account, leaving it default at 1, you will be loosing 20x more than you earning.

Interesting concept, but no real profit in it.

Out of interest, how long does it take for you to mine 300 EGOLD?

In the other thread I mentioned there is a balance to be struck between how much and how frequently you mint. Getting the most you can in the shortest time (setting 'units' low or at the minimum) isn't a good strategy. And the right 'units' setting would be different for each person depending on your settings.

EGOLD is just one of at least a dozen coins that are being minted now, it might be true that it isn't as profitable as it has become so popular. ELEMS is the other I know if but that might be in the same boat now. I think I will play around with the minter a little more...

For 300 EGOLD like, little less than a day, with 3 x 7950 and i5 3570 cpu combined power.

Problem with other MS currencies is that there is no big demand for buying them, so you may end up with tons of something you will burn in future. All process of setting up and experimenting with parameters is a bit PITA, but doable. Don't know, interesting but really is it good for big scale miners, could not say so. Also needs a small amount of NXT to set up this minting thing, but it is not too important.

[Daedelus]

Ok, I will have a play later.

You can also 'mine Nxt'* at hashrate.org to pay the fees.


*the pool mines the most profitable POW coins then converts them on an exchange and pays out in NXT.

[julian071]

I don't mint regularly, I have only trialled it.

The account who was making $26/day was minting 300 EGOLD (I think it was) about every 15min. We can't know what equipment he/she is using.

That is RIGHT! He/she is having a really big mining equipment and could mine same or more on other coins as well.

I managed to make it mint EGOLD, but with everything less than units=20 is pure loss.
Every transaction eats 1 nxt from account, leaving it default at 1, you will be loosing 20x more than you earning.

Interesting concept, but no real profit in it.

Out of interest, how long does it take for you to mine 300 EGOLD?

In the other thread I mentioned there is a balance to be struck between how much and how frequently you mint. Getting the most you can in the shortest time (setting 'units' low or at the minimum) isn't a good strategy. And the right 'units' setting would be different for each person depending on your settings.

EGOLD is just one of at least a dozen coins that are being minted now, it might be true that it isn't as profitable as it has become so popular. ELEMS is the other I know if but that might be in the same boat now. I think I will play around with the minter a little more...

For 300 EGOLD like, little less than a day, with 3 x 7950 and i5 3570 cpu combined power.

Problem with other MS currencies is that there is no big demand for buying them, so you may end up with tons of something you will burn in future. All process of setting up and experimenting with parameters is a bit PITA, but doable. Don't know, interesting but really is it good for big scale miners, could not say so. Also needs a small amount of NXT to set up this minting thing, but it is not too important.

I've been mining for 9 hours, and I've mined 1350 (9 times 150) EGOLD with a single 7970 (overclocked) @ 155 MH.

[Daedelus]

I just did a bit of quick research on Nxt Monetary System (MS). There are currently just under 1680 MScoins created 

Of course, not all are mintable (this is only one use case of MS). I have made a list of all the minatable coins, the oldest first. There are 42:


MYBTC
MSBTC
NEWEU
DOGES
ELEMS
EGOLD
XNBT
CISPA
SLVER
LUMUS
GROUP
MIXIT
ZZZZZ
MMMMM
SILVR
XNEM
DOLLR
HONEY
NINJA
WARTS
FORKK
PRISM
XTIM
XNBTX
EMUSK
ALPIN
PLATI
BCAPS
WSAPP
STNLC
NMAUA
ASTKN
DAILY
SYSCO
TXNCB
NTBCX
INFIN
TSTGS
BEMB
DOBIS
GEEKS
THOTH

The BOLDED ones have [ANN] threads in https://nxtforum.org/monetary-system-153 so I would start there, if you are looking for a new coin.

[julian071]

I just did a bit of quick research on Nxt Monetary System (MS). There are currently just under 1680 MScoins created 

Of course, not all are mintable (this is only one use case of MS). I have made a list of all the minatable coins, the oldest first. There are 42:


MYBTC
MSBTC
NEWEU
DOGES
ELEMS
EGOLD
XNBT
CISPA
SLVER
LUMUS
GROUP
MIXIT
ZZZZZ
MMMMM
SILVR
XNEM
DOLLR
HONEY
NINJA
WARTS
FORKK
PRISM
XTIM
XNBTX
EMUSK
ALPIN
PLATI
BCAPS
WSAPP
STNLC
NMAUA
ASTKN
DAILY
SYSCO
TXNCB
NTBCX
INFIN
TSTGS
BEMB
DOBIS
GEEKS
THOTH

The BOLDED ones have [ANN] threads in https://nxtforum.org/monetary-system-153 so I would start there, if you are looking for a new coin.

Thank you!

[Enzyme]

I just did a bit of quick research on Nxt Monetary System (MS). There are currently just under 1680 MScoins created 

Of course, not all are mintable (this is only one use case of MS). I have made a list of all the minatable coins, the oldest first. There are 42:


MYBTC
MSBTC
NEWEU
DOGES
ELEMS
EGOLD
XNBT
CISPA
SLVER
LUMUS
GROUP
MIXIT
ZZZZZ
MMMMM
SILVR
XNEM
DOLLR
HONEY
NINJA
WARTS
FORKK
PRISM
XTIM
XNBTX
EMUSK
ALPIN
PLATI
BCAPS
WSAPP
STNLC
NMAUA
ASTKN
DAILY
SYSCO
TXNCB
NTBCX
INFIN
TSTGS
BEMB
DOBIS
GEEKS
THOTH

The BOLDED ones have [ANN] threads in https://nxtforum.org/monetary-system-153 so I would start there, if you are looking for a new coin.

I would be minting these if it wasn't for Cryptsy stealing my NXT...

[Daedelus]

What happened? Ive heard cryptsy taking ~100 days to complete a withdrawal but not stealing them. Did you raise a ticket?

[julian071]

I had a problem recently with NXT not coming through and being subtracted from my Cryptsy wallet. After submitting a ticket they fixed it by returning the NXT to my Cryptsy wallet. It took them 7 days to do it tho. I just waited patiently.

The problem was I was using a new adress and forgot to enter the public key...

Where other exchanges will cancel malformed NXT transfers automatically, Cryptsy does not, resulting in you having to wait a while for them to fix it automatically.

[Daedelus]

I had a problem recently with NXT not coming through and being subtracted from my Cryptsy wallet. After submitting a ticket they fixed it by returning the NXT to my Cryptsy wallet. It took them 7 days to do it tho. I just waited patiently.

The problem was I was using a new adress and forgot to enter the public key...

Where other exchanges will cancel malformed NXT transfers automatically, Cryptsy does not, resulting in you having to wait a while for them to fix it automatically.

Now the requirement to enter the public key is optional, so we shouldn't see this anymore (Bittrex had a similar problem relating to public keys that now won't occur)

[julian071]

I had a problem recently with NXT not coming through and being subtracted from my Cryptsy wallet. After submitting a ticket they fixed it by returning the NXT to my Cryptsy wallet. It took them 7 days to do it tho. I just waited patiently.

The problem was I was using a new adress and forgot to enter the public key...

Where other exchanges will cancel malformed NXT transfers automatically, Cryptsy does not, resulting in you having to wait a while for them to fix it automatically.

Now the requirement to enter the public key is optional, so we shouldn't see this anymore (Bittrex had a similar problem relating to public keys that now won't occur)

That's a very welcome change, thank you very much!

[Yanakitu Tenatako]

I don't mint regularly, I have only trialled it.

The account who was making $26/day was minting 300 EGOLD (I think it was) about every 15min. We can't know what equipment he/she is using.

That is RIGHT! He/she is having a really big mining equipment and could mine same or more on other coins as well.

I managed to make it mint EGOLD, but with everything less than units=20 is pure loss.
Every transaction eats 1 nxt from account, leaving it default at 1, you will be loosing 20x more than you earning.

Interesting concept, but no real profit in it.

Out of interest, how long does it take for you to mine 300 EGOLD?

In the other thread I mentioned there is a balance to be struck between how much and how frequently you mint. Getting the most you can in the shortest time (setting 'units' low or at the minimum) isn't a good strategy. And the right 'units' setting would be different for each person depending on your settings.

EGOLD is just one of at least a dozen coins that are being minted now, it might be true that it isn't as profitable as it has become so popular. ELEMS is the other I know if but that might be in the same boat now. I think I will play around with the minter a little more...

For 300 EGOLD like, little less than a day, with 3 x 7950 and i5 3570 cpu combined power.

Problem with other MS currencies is that there is no big demand for buying them, so you may end up with tons of something you will burn in future. All process of setting up and experimenting with parameters is a bit PITA, but doable. Don't know, interesting but really is it good for big scale miners, could not say so. Also needs a small amount of NXT to set up this minting thing, but it is not too important.

My previous statement is wrong, because it was calculated on not correct hashrate, actually, minter was not optimized.
Sorry for all trouble that could be caused.

[adaseb]

I don't understand how you get paid because these EGOLD and ELMS you can't find on any exchange anywhere.

How much do you make per day per 290X on average?

[adaseb]

I don't understand how you get paid because these EGOLD and ELMS you can't find on any exchange anywhere.

How much do you make per day per 290X on average?

You exchange them through the NXT wallet - the exchange is on the network, I think. I don't know how to calculate coins per day from hashrate, though.

What is the power consumption on mining these compared to X11? Is it power intensive like Scrypt?

[julian071]

Hmz not miniting has slowed down to about 2000 EGOLD/day @ 155 Mh. [edit] Updating the driver for 7970 to 14.1 increased speed to 220 MH.

Question: if you make a typo in the passfrase when you sell EGOLD, does that EGOLD go to another address? It seems some of my EGOLD went to the 5th dimension.

[Daedelus]

Hmz not miniting has slowed down to about 2000 EGOLD/day @ 155 Mh. [edit] Updating the driver for 7970 to 14.1 increased speed to 220 MH.

Question: if you make a typo in the passfrase when you sell EGOLD, does that EGOLD go to another address? It seems some of my EGOLD went to the 5th dimension.

If you make a typo in your passphrase when authorising a transaction, it will get rejected. Make a typo in the account ID,  and it will go to the 5th dimension. Check again? Do you have a transaction ID?

[Yanakitu Tenatako]

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...

[Yanakitu Tenatako]

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...

I see it in the Java window of the minter.

Made some good progress, finally.

Hello Wolf0,

Nice to see you so active in this topic
I see how many hashes are minted before block is found, but it mostly depends on luck? Was that diff you could see or there is other command like getinfo or similar?

Also, share your success with optimizied miner (in matter of information) how much more you made it above regular version? Last time it was about 25% more hashes/sec.

[Yanakitu Tenatako]

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...

I see it in the Java window of the minter.

Made some good progress, finally.

Hello Wolf0,

Nice to see you so active in this topic
I see how many hashes are minted before block is found, but it mostly depends on luck? Was that diff you could see or there is other command like getinfo or similar?

Also, share your success with optimizied miner (in matter of information) how much more you made it above regular version? Last time it was about 25% more hashes/sec.

I think that was the diff I saw.

Above 300MH/s on 280X, above 430MH/s on 290X; screenshot (nsfw): https://ottrbutt.com/miner/nxtmintwolf-01302015.png

Wow, that is huge
Nice work.

[bbr]

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...

EGOLD has a minimum difficulty of 65,536 (2^16) and a maximum of 18,446,744,073,709,551,616 (2^64).

The difficulty depends on the number of units you set in the config. Currently, minting 1 EGOLD units has a difficulty of 10,485,760,000. 50 units is 524,288,000,000 etc.

[Charloz24]

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...

EGOLD has a minimum difficulty of 65,536 (2^16) and a maximum of 18,446,744,073,709,551,616 (2^64).

The difficulty depends on the number of units you set in the config. Currently, minting 1 EGOLD units has a difficulty of 10,485,760,000. 50 units is 524,288,000,000 etc.

So with that kind on diff, should I bother testing it with one 280x?

[bbr]

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...

EGOLD has a minimum difficulty of 65,536 (2^16) and a maximum of 18,446,744,073,709,551,616 (2^64).

The difficulty depends on the number of units you set in the config. Currently, minting 1 EGOLD units has a difficulty of 10,485,760,000. 50 units is 524,288,000,000 etc.

So with that kind on diff, should I bother testing it with one 280x?

I'm getting anywhere from 250 to 500 EGOLD per hour with a 280x & 7970

[julian071]

Hmz not miniting has slowed down to about 2000 EGOLD/day @ 155 Mh. [edit] Updating the driver for 7970 to 14.1 increased speed to 220 MH.

Question: if you make a typo in the passfrase when you sell EGOLD, does that EGOLD go to another address? It seems some of my EGOLD went to the 5th dimension.

If you make a typo in your passphrase when authorising a transaction, it will get rejected. Make a typo in the account ID,  and it will go to the 5th dimension. Check again? Do you have a transaction ID?

OK, then it went to the 5h dimension in some other way... TID is 6608195740606986013 in block 16381661902089743729. Looks like the EGOLD was never exchanged for NXT but I can't see the offer in the Exchange booth. But it's probably just me being new with this, it's not possible for stuff to go to the 5th dimension when you're using blockchain technology =)

Yanakitu Tenatako, Current difficulty is listed in bold at the top of the GUI of Nxt Mint.

[Charloz24]

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...

EGOLD has a minimum difficulty of 65,536 (2^16) and a maximum of 18,446,744,073,709,551,616 (2^64).

The difficulty depends on the number of units you set in the config. Currently, minting 1 EGOLD units has a difficulty of 10,485,760,000. 50 units is 524,288,000,000 etc.

So with that kind on diff, should I bother testing it with one 280x?

I'm getting anywhere from 250 to 500 EGOLD per hour with a 280x & 7970

is that 250 to 500 both or each?

Also what is a good unit setpoint for 1 280x? is 50 bring to much diff?

[bbr]

I can't find difficulty anywhere, on any MS currency. Do you have idea how to check it of see chart like in btc, ltc and others...

EGOLD has a minimum difficulty of 65,536 (2^16) and a maximum of 18,446,744,073,709,551,616 (2^64).

The difficulty depends on the number of units you set in the config. Currently, minting 1 EGOLD units has a difficulty of 10,485,760,000. 50 units is 524,288,000,000 etc.

So with that kind on diff, should I bother testing it with one 280x?

I'm getting anywhere from 250 to 500 EGOLD per hour with a 280x & 7970

is that 250 to 500 both or each?

Also what is a good unit setpoint for 1 280x? is 50 bring to much diff?

That's for both.

I've got mine set to 50 units so, at the current exchange of 0.056, I am getting about 1.8NXT per 50EGOLD (2.8NXT - 1NXT fee).

To get any kind of profit you should set it above 20 units - 20 will give you 0.12NXT per 20EGOLD (after the 1NXT fee) at the current exchange rate. Also, to exchange it also costs 1NXT so you would have to mint 9 lots of 20 units before exchanging so that you don't have a loss.

[Yanakitu Tenatako]

As topic says, opportunities for CPU and GPU miners...

Well, GPU is questionable, but CPU is a big mistake, Intel i5 3570 makes less than 1 mhash/s all 4 cores total VS 200+mhash/s 7970/280x.

So, it is not for CPU miners ((

[Charloz24]

Yes I'm up and runnng thanks! Is EGOLD the most profitable right now? (for GPU)

EDIT: humm not great at that only running at 40 mhs on a 280x

[bbr]

Yes I'm up and runnng thanks! Is EGOLD the most profitable right now? (for GPU)

EDIT: humm not great at that only running at 40 mhs on a 280x

What's your settings for gpudevice=?

[Charloz24]

Yes I'm up and runnng thanks! Is EGOLD the most profitable right now? (for GPU)

EDIT: humm not great at that only running at 40 mhs on a 280x

What's your settings for gpudevice=?

gpudevice=0,256

EDIT: intensity was 10= 40 MHS, now tried 15 and it equal 60 mhs

[bbr]

Yes I'm up and runnng thanks! Is EGOLD the most profitable right now? (for GPU)

EDIT: humm not great at that only running at 40 mhs on a 280x

What's your settings for gpudevice=?

gpudevice=0,256

EDIT: intensity was 10= 40 MHS, now tried 15 and it equal 60 mhs

try

gpudevice=0,256,524288
gpuintensity=50

The intensity doesn't matter too much for the hash rate for me but 50 is as good as any other number!

[Charloz24]

Yes I'm up and runnng thanks! Is EGOLD the most profitable right now? (for GPU)

EDIT: humm not great at that only running at 40 mhs on a 280x

What's your settings for gpudevice=?

gpudevice=0,256

EDIT: intensity was 10= 40 MHS, now tried 15 and it equal 60 mhs

try

gpudevice=0,256,524288
gpuintensity=50

The intensity doesn't matter too much for the hash rate for me but 50 is as good as any other number!

BINGO! 234 MHS thanks a lot! now my PC isn't usuable tho LOL (laggy)

[julian071]

I only get decent results with intensity > 512. I have it set at 750. I use GPUdevice=0,256. I mint 250 EGOLD at once. End result on a HD 7950 @ 1053 Mhz is 220 MH for me. Minting about 2000/day, pays slightly more then the electricity costs =)

[bbr]

Yes I'm up and runnng thanks! Is EGOLD the most profitable right now? (for GPU)

EDIT: humm not great at that only running at 40 mhs on a 280x

What's your settings for gpudevice=?

gpudevice=0,256

EDIT: intensity was 10= 40 MHS, now tried 15 and it equal 60 mhs

try

gpudevice=0,256,524288
gpuintensity=50

The intensity doesn't matter too much for the hash rate for me but 50 is as good as any other number!

BINGO! 234 MHS thanks a lot! now my PC isn't usuable tho LOL (laggy)

Mines fine - are you CPU mining aswell?

Also, I found that NxtMint Java Minter version 1.3 got better results than 1.4

I only get decent results with intensity > 512. I have it set at 750. I use GPUdevice=0,256. I mint 250 EGOLD at once. End result on a HD 7950 @ 1053 Mhz is 220 MH for me. Minting about 2000/day, pays slightly more then the electricity costs =)

I played around with intensity from 10 to 1024 and it didn't really affect hashrate. As soon as I got to 20 and above it stayed the same.

[Daedelus]

Hmz not miniting has slowed down to about 2000 EGOLD/day @ 155 Mh. [edit] Updating the driver for 7970 to 14.1 increased speed to 220 MH.

Question: if you make a typo in the passfrase when you sell EGOLD, does that EGOLD go to another address? It seems some of my EGOLD went to the 5th dimension.

If you make a typo in your passphrase when authorising a transaction, it will get rejected. Make a typo in the account ID,  and it will go to the 5th dimension. Check again? Do you have a transaction ID?

OK, then it went to the 5h dimension in some other way... TID is 6608195740606986013 in block 16381661902089743729. Looks like the EGOLD was never exchanged for NXT but I can't see the offer in the Exchange booth. But it's probably just me being new with this, it's not possible for stuff to go to the 5th dimension when you're using blockchain technology =)

Yanakitu Tenatako, Current difficulty is listed in bold at the top of the GUI of Nxt Mint.

Seems the transaction has no recipient (or not displayed in the blockchain explorer I'm using).

I have passed it to the Core Dev to take a look at.

[Daedelus]

As topic says, opportunities for CPU and GPU miners...

Well, GPU is questionable, but CPU is a big mistake, Intel i5 3570 makes less than 1 mhash/s all 4 cores total VS 200+mhash/s 7970/280x.

So, it is not for CPU miners ((

I've asked someone more experienced, in case there is a way of getting CPU's up an running economically. If you're right, I'll change the thread title.

When MS launched, there were no stable GPU minters. So it was true at the time   but maybe not now.

[Daedelus]

As topic says, opportunities for CPU and GPU miners...

Well, GPU is questionable, but CPU is a big mistake, Intel i5 3570 makes less than 1 mhash/s all 4 cores total VS 200+mhash/s 7970/280x.

So, it is not for CPU miners ((

Even with the regular miner, I don't see it as questionable profit. CPU - surely not, but someone could make a CPU MSCoin - the topic is speaking of all MSCoins, not just EGOLD.

Good point, I'll bump my earlier post for all POW MScoins


***
I just did a bit of quick research on Nxt Monetary System (MS). There are currently just under 1680 MScoins created 

Of course, not all are mintable (this is only one use case of MS). I have made a list of all the minatable coins, the oldest first. There are 42:


MYBTC
MSBTC
NEWEU
DOGES
ELEMS
EGOLD
XNBT
CISPA
SLVER
LUMUS
GROUP
MIXIT
ZZZZZ
MMMMM
SILVR
XNEM
DOLLR
HONEY
NINJA
WARTS
FORKK
PRISM
XTIM
XNBTX
EMUSK
ALPIN
PLATI
BCAPS
WSAPP
STNLC
NMAUA
ASTKN
DAILY
SYSCO
TXNCB
NTBCX
INFIN
TSTGS
BEMB
DOBIS
GEEKS
THOTH

The BOLDED ones have [ANN] threads in https://nxtforum.org/monetary-system-153 so I would start there, if you are looking for a new coin.

***

If you have an idea for a additional parameter (i.e. CPU only, if it possible) then it can be added to Monetary System. If it is possible and useful use case, the devs woll add it.

[Daedelus]

Hmz not miniting has slowed down to about 2000 EGOLD/day @ 155 Mh. [edit] Updating the driver for 7970 to 14.1 increased speed to 220 MH.

Question: if you make a typo in the passfrase when you sell EGOLD, does that EGOLD go to another address? It seems some of my EGOLD went to the 5th dimension.

If you make a typo in your passphrase when authorising a transaction, it will get rejected. Make a typo in the account ID,  and it will go to the 5th dimension. Check again? Do you have a transaction ID?

OK, then it went to the 5h dimension in some other way... TID is 6608195740606986013 in block 16381661902089743729. Looks like the EGOLD was never exchanged for NXT but I can't see the offer in the Exchange booth. But it's probably just me being new with this, it's not possible for stuff to go to the 5th dimension when you're using blockchain technology =)

Yanakitu Tenatako, Current difficulty is listed in bold at the top of the GUI of Nxt Mint.

Seems the transaction has no recipient (or not displayed in the blockchain explorer I'm using).

I have passed it to the Core Dev to take a look at.

First reply,

This kind of transactions do not have recipients. He posted a sell request and it is either fullfilled or not. In first case he should get NXT.

[julian071]

OK, but if it is not fulfilled, should the offer not be listed in the Exchange booth?

[Daedelus]

OK, but if it is not fulfilled, should the offer not be listed in the Exchange booth?

Booth doesn't have a order book. If it wasn't fulfilled at the time then you should still have the EGOLD.

[adaseb]

What does everybody use for an R9 270X? I only get 70Mhash/s per GPU.

gpuIntensity=1024

# Set the GPU device number (0, 1, 2, ...), the work group size and the work group count.
# The first GPU device will be used if this parameter is omitted.  This parameter can
# be repeated to use multiple GPU devices.  The GPU devices that are available are
# listed when NxtMint is started with a non-zero value for gpuIntensity. 
gpuDevice=0,256,1000
gpuDevice=1,256,1000
gpuDevice=2,256,1000

[Yanakitu Tenatako]

As topic says, opportunities for CPU and GPU miners...

Well, GPU is questionable, but CPU is a big mistake, Intel i5 3570 makes less than 1 mhash/s all 4 cores total VS 200+mhash/s 7970/280x.

So, it is not for CPU miners ((

Even with the regular miner, I don't see it as questionable profit. CPU - surely not, but someone could make a CPU MSCoin - the topic is speaking of all MSCoins, not just EGOLD.

Good point, I'll bump my earlier post for all POW MScoins


***
I just did a bit of quick research on Nxt Monetary System (MS). There are currently just under 1680 MScoins created 

Of course, not all are mintable (this is only one use case of MS). I have made a list of all the minatable coins, the oldest first. There are 42:


MYBTC
MSBTC
NEWEU
DOGES
ELEMS
EGOLD
XNBT
CISPA
SLVER
LUMUS
GROUP
MIXIT
ZZZZZ
MMMMM
SILVR
XNEM
DOLLR
HONEY
NINJA
WARTS
FORKK
PRISM
XTIM
XNBTX
EMUSK
ALPIN
PLATI
BCAPS
WSAPP
STNLC
NMAUA
ASTKN
DAILY
SYSCO
TXNCB
NTBCX
INFIN
TSTGS
BEMB
DOBIS
GEEKS
THOTH

The BOLDED ones have [ANN] threads in https://nxtforum.org/monetary-system-153 so I would start there, if you are looking for a new coin.

***

If you have an idea for a additional parameter (i.e. CPU only, if it possible) then it can be added to Monetary System. If it is possible and useful use case, the devs woll add it.

Would really like to see some CPU only mintable coin.

[julian071]

OK, but if it is not fulfilled, should the offer not be listed in the Exchange booth?

Booth doesn't have a order book. If it wasn't fulfilled at the time then you should still have the EGOLD.

But there is an order book - right there in the exchange booth. My order is just not there. There are several orders, lower and higher then mine.

Still, it's probably me... But I really think I lost 750 EGOLD.

[julian071]

What does everybody use for an R9 270X? I only get 70Mhash/s per GPU.

gpuIntensity=1024

# Set the GPU device number (0, 1, 2, ...), the work group size and the work group count.
# The first GPU device will be used if this parameter is omitted.  This parameter can
# be repeated to use multiple GPU devices.  The GPU devices that are available are
# listed when NxtMint is started with a non-zero value for gpuIntensity. 
gpuDevice=0,256,1000
gpuDevice=1,256,1000
gpuDevice=2,256,1000

I noticed that it is very important to have the latest (version 14) Catalyst drivers installed. I use 0,256 with intensity 512.

[Daedelus]

As topic says, opportunities for CPU and GPU miners...

Well, GPU is questionable, but CPU is a big mistake, Intel i5 3570 makes less than 1 mhash/s all 4 cores total VS 200+mhash/s 7970/280x.

So, it is not for CPU miners ((

Even with the regular miner, I don't see it as questionable profit. CPU - surely not, but someone could make a CPU MSCoin - the topic is speaking of all MSCoins, not just EGOLD.

Good point, I'll bump my earlier post for all POW MScoins


***
I just did a bit of quick research on Nxt Monetary System (MS). There are currently just under 1680 MScoins created 

Of course, not all are mintable (this is only one use case of MS). I have made a list of all the minatable coins, the oldest first. There are 42:


MYBTC
MSBTC
NEWEU
DOGES
ELEMS
EGOLD
XNBT
CISPA
SLVER
LUMUS
GROUP
MIXIT
ZZZZZ
MMMMM
SILVR
XNEM
DOLLR
HONEY
NINJA
WARTS
FORKK
PRISM
XTIM
XNBTX
EMUSK
ALPIN
PLATI
BCAPS
WSAPP
STNLC
NMAUA
ASTKN
DAILY
SYSCO
TXNCB
NTBCX
INFIN
TSTGS
BEMB
DOBIS
GEEKS
THOTH

The BOLDED ones have [ANN] threads in https://nxtforum.org/monetary-system-153 so I would start there, if you are looking for a new coin.

***

If you have an idea for a additional parameter (i.e. CPU only, if it possible) then it can be added to Monetary System. If it is possible and useful use case, the devs woll add it.

Would really like to see some CPU only mintable coin.

Something is in the works; https://nxtforum.org/monetary-system/is-it-possible-to-create-a-parameter-to-have-cpu-only-mscoins/msg158037/#msg158037

Might even be botnet resistant...

[Daedelus]

OK, but if it is not fulfilled, should the offer not be listed in the Exchange booth?

Booth doesn't have a order book. If it wasn't fulfilled at the time then you should still have the EGOLD.

But there is an order book - right there in the exchange booth. My order is just not there. There are several orders, lower and higher then mine.

Still, it's probably me... But I really think I lost 750 EGOLD.

Can you confirm NXT-9QU7-NDSL-ZDMV-52JF5 is your account? Dev is looking into it.

[adaseb]

What does everybody use for an R9 270X? I only get 70Mhash/s per GPU.

gpuIntensity=1024

# Set the GPU device number (0, 1, 2, ...), the work group size and the work group count.
# The first GPU device will be used if this parameter is omitted.  This parameter can
# be repeated to use multiple GPU devices.  The GPU devices that are available are
# listed when NxtMint is started with a non-zero value for gpuIntensity.  
gpuDevice=0,256,1000
gpuDevice=1,256,1000
gpuDevice=2,256,1000

I noticed that it is very important to have the latest (version 14) Catalyst drivers installed. I use 0,256 with intensity 512.

No whatever I try I get only 80Mhash/s per 270X. I updated the drivers and used your settings.

Version 1.3.0 doesn't show any hashrates so I use 1.4.0


I also keep getting the
"Native library NxtMint_x86 is not available - using Java CPU hash routines"

even though I linked to the jni directory.

[adaseb]

What does everybody use for an R9 270X? I only get 70Mhash/s per GPU.

gpuIntensity=1024

# Set the GPU device number (0, 1, 2, ...), the work group size and the work group count.
# The first GPU device will be used if this parameter is omitted.  This parameter can
# be repeated to use multiple GPU devices.  The GPU devices that are available are
# listed when NxtMint is started with a non-zero value for gpuIntensity.  
gpuDevice=0,256,1000
gpuDevice=1,256,1000
gpuDevice=2,256,1000

I noticed that it is very important to have the latest (version 14) Catalyst drivers installed. I use 0,256 with intensity 512.

No whatever I try I get only 80Mhash/s per 270X. I updated the drivers and used your settings.

Version 1.3.0 doesn't show any hashrates so I use 1.4.0


I also keep getting the
"Native library NxtMint_x86 is not available - using Java CPU hash routines"

even though I linked to the jni directory.

On most hash algorithms, 270X gets a bit less than half of what a 290X does, so that sounds fairly close. About the CPU hash routines, it doesn't matter as long as you're not CPU mining.

So EGOLD is currently the only profitable GPU coin out there?
ELEMS dosen't work on GPU and the rest of the coins have no bidders so they are useless.

I tried FORKK but the max mint is 1 so you end up losing money on that one.

[Daedelus]

OK, but if it is not fulfilled, should the offer not be listed in the Exchange booth?

Booth doesn't have a order book. If it wasn't fulfilled at the time then you should still have the EGOLD.

But there is an order book - right there in the exchange booth. My order is just not there. There are several orders, lower and higher then mine.

Still, it's probably me... But I really think I lost 750 EGOLD.

See the official MS documentation "Buyers and sellers can issue exchange requests to match published exchange offers. Unlike asset bid/ask orders, exchange requests are not saved, they are either executed immediately (fully or partially) or not executed at all." So if it doesn't match a published order, it will remain unexecuted.


To 'cancel' the order you currently have:

"you should make a new exchange offer and set it so it expires really quick then you will have all your balance back in your account."

[Daedelus]

I've made a coin called Uranium. It has an extremely fast POW and low difficulty.
I also regularly create small buy walls and the coin is starting to gain momentum.

BTT Ann - https://bitcointalk.org/index.php?topic=943017
NXT Ann - https://nxtforum.org/monetary-system-153/(ann)-uranium-uranm-keccak25-rare-fast-pow/

You could also post in here for POW MScoins:

https://nxtforum.org/monetary-system-153/pow-mscoins-post-here-for-visibility/

[adaseb]

Basically its very profitable however you need to be lucky and have the right GPU.

For my GPUs its not profitable at all but if you have an R9 290X then its very profitable when compared to X11/X13.

[adaseb]

I've made a coin called Uranium. It has an extremely fast POW and low difficulty.
I also regularly create small buy walls and the coin is starting to gain momentum.

BTT Ann - https://bitcointalk.org/index.php?topic=943017
NXT Ann - https://nxtforum.org/monetary-system-153/(ann)-uranium-uranm-keccak25-rare-fast-pow/

I checked and unless someone already sold in it, there are no bids for that currency only offers. So not profitable to mine unless its get popular.

[muhrohmat]

well i used to mine with my HD 7850 gpu and after september 2014 the scrypt stoped beeing profitable im not sure if the x11 x13 are the same but i know if i have 5,4TB in burst coin mining i dont use 30% of watts and get like 200.000 satoshis per day only with 150 watts per hour witch means i like do 30 to 40 cents per day profit

[julian071]

OK, but if it is not fulfilled, should the offer not be listed in the Exchange booth?

Booth doesn't have a order book. If it wasn't fulfilled at the time then you should still have the EGOLD.

But there is an order book - right there in the exchange booth. My order is just not there. There are several orders, lower and higher then mine.

Still, it's probably me... But I really think I lost 750 EGOLD.

See the official MS documentation "Buyers and sellers can issue exchange requests to match published exchange offers. Unlike asset bid/ask orders, exchange requests are not saved, they are either executed immediately (fully or partially) or not executed at all." So if it doesn't match a published order, it will remain unexecuted.


To 'cancel' the order you currently have:

"you should make a new exchange offer and set it so it expires really quick then you will have all your balance back in your account."

The address you mentioned is mine indeed.

Thanks very much! I don't really understand the procedure for cancelling the order; the EGOLD is no longer available to be offered... But please, forget it. I thought there'd be something easy like an oversight of me. If I feel like it I'll try and recreate the situation and see if I really found a bug or that I'm just being stupid.

[Daedelus]

Ok. As I said, there is a learning curve   I am still learning, the whole concept is only 3 weeks old.


With buying/selling MSCoins, you first decide if you want to be a marketmaker or ordinary buyer/seller. You are the second.

Only those who are marketmakers can put up orders that are visible, as you can in a traditional exchange (which Enzyme/Tempest has just gone through for his/her uranium MSCoin). The difference is, Marketmakers have to display a buy and a sell price.

If you are a ordinary buyer/seller, you have to sell/buy into the marketmakers orders that are visible otherwise they won't get filled ("executed immediately... or not at all"). You only have to put up either buy or sell, not both (unlike the marketmakers). Your MSCoins will become available again, once the order expires or you submit another that replaces it with a very short expiry time.


Marketmakers are important as they don't rely on making money by trying to buy at the bottom and sell at the top (this is what everyone else is doing). They just make the spread between their buy and sell orders in step with whatever the price does (at least good market makers do  ) . This "makes a market" as there should be some buy and sell orders no matter what the price is doing. Rather than no buyers at all time highs and no sellers at all time lows.

Most MSCoins would be certainly doomed without this (most MSCoins are likely to 'fail', if becoming the mainstream currency of the world). But it doesn't mean lessons won't be learned.


If you want to look into it further, there is the official documentation from the Core Dev available:
https://nxtforum.org/monetary-system-153/ms-official-documentation. The wiki is a good place to start.

[Charloz24]

Ok. As I said, there is a learning curve   I am still learning, the whole concept is only 3 weeks old.


With buying/selling MSCoins, you first decide if you want to be a marketmaker or ordinary buyer/seller. You are the second.

Only those who are marketmakers can put up orders that are visible, as you can in a traditional exchange (which Enzyme/Tempest has just gone through for his/her uranium MSCoin). The difference is, Marketmakers have to display a buy and a sell price.

If you are a ordinary buyer/seller, you have to sell/buy into the marketmakers orders that are visible otherwise they won't get filled ("executed immediately... or not at all"). You only have to put up either buy or sell, not both (unlike the marketmakers). Your MSCoins will become available again, once the order expires or you submit another that replaces it with a very short expiry time.


Marketmakers are important as they don't rely on making money by trying to buy at the bottom and sell at the top (this is what everyone else is doing). They just make the spread between their buy and sell orders in step with whatever the price does (at least good market makers do  ) . This "makes a market" as there should be some buy and sell orders no matter what the price is doing. Rather than no buyers at all time highs and no sellers at all time lows.

Most MSCoins would be certainly doomed without this (most MSCoins are likely to 'fail', if becoming the mainstream currency of the world). But it doesn't mean lessons won't be learned.


If you want to look into it further, there is the official documentation from the Core Dev available:
https://nxtforum.org/monetary-system-153/ms-official-documentation. The wiki is a good place to start.

Ok I tried to put an EGOLD buy order the wrong way by putting an exchange request. I see that my buy order isn't on the order book, so not visible to seller. How to cancel that? Tried publish an exchange offer with a really fast expiration, but it didn't clear my exchange request and my NXT are stuck?

[Daedelus]

TORUM thread is hot atm, esp popular with Wolf0 

https://nxtforum.org/monetary-system-153/(ann)-torum-sha3-easy-minting/

There is talk of him funding a giveaway too, very generous

[adaseb]

Any of these coins out there still worth mining?

My NXT is stuck because the block chain doesn't download properly

[Daedelus]

Any of these coins out there still worth mining?

My NXT is stuck because the block chain doesn't download properly

You can download the blockchain from peerexplorer.com.

Just delete the nxt_db folder you have and copy in the downloaded folder.

[Daedelus]

Any of these coins out there still worth mining?

My NXT is stuck because the block chain doesn't download properly

Did you get this solved?

[Daedelus]

Seems to be the latest one to pop up, best settings instructions included 

TIP on minting TORUM SHA3, for those Billionaire Minters, who almost cracked the 100 Billion border:
If you have the hashing power available. The limit is 1'509'000'000 ᚦ per mint at the most.

This means a difficulty of 3'018'000'000, until half of all TORUM are minted.
After that difficulty will rise to 7'036'000'000 if you go for the maximum TORUM to mint.

NXTmint Java Minter works great on high end GPU's, it seams. But to get those amounts of TORUM you'll probably need one or more GPU's blasting at least 150MHps... (Yep, that is a wild guess.)

Minting 1'509'000'000 ᚦ at a time is the maximum set by the NXT Monetary System, being 1/10'000st of the total amount of TORUM to be released.

There is one minter who is about to top the 100 Billion TORUM!
It is almost like in Highlander...