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Author Topic: Forging blocks  (Read 240 times)

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Offline suky321

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Forging blocks
« on: February 05, 2014, 12:26:58 PM »
This may have been covered previously, but is there any point in leaving the client open if users do not have 100,000s of NXT, as they're very unlikely to forge a block.  Is there anyone with fewer than 100,000 NXT whom have forged blocks and received NXT as a result?
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Online ^[GS]^

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Re: Forging blocks
« Reply #1 on: February 05, 2014, 12:39:40 PM »
If you have time to wait, NXTio could serve :)

http://www.nxtio.org/

No minimum deposit, no commission is charged on the deposit, there is no time limit, forging 24 hours :)
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Offline nxkoil

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Re: Forging blocks
« Reply #2 on: February 05, 2014, 05:14:37 PM »
Quote from: ^[GS]^ on February 05, 2014, 12:39:40 PM
If you have time to wait, NXTio could serve :)

http://www.nxtio.org/

No minimum deposit, no commission is charged on the deposit, there is no time limit, forging 24 hours :)

What kind of [edit: profits] NXTio could bring to investors?

If the idea is that NXTio runs its computers instead of investors' computers,
what would happen if 1000 investors want to forge via NXTio?  Would you buy 1000 Rasberrys or other computers? ;-)
« Last Edit: February 06, 2014, 12:31:46 AM by nxkoil »
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Offline Wolftein

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Re: Forging blocks
« Reply #3 on: February 05, 2014, 10:21:51 PM »
Quote from: nxkoil on February 05, 2014, 05:14:37 PM
Quote from: ^[GS]^ on February 05, 2014, 12:39:40 PM
If you have time to wait, NXTio could serve :)

http://www.nxtio.org/

No minimum deposit, no commission is charged on the deposit, there is no time limit, forging 24 hours :)

What kind of NXTio could bring to investors?

If the idea is that NXTio runs its computers instead of investors' computers,
what would happen if 1000 investors want to forge via NXTio?  Would you buy 1000 Rasberrys or other computers? ;-)

Hello nxkoil.

No, NXTio only forges with one node. It's useless to forge with multiple devices, if you have a node that serves thousand of NXTs. The more NXTs you have, the more NXT you will forge. The pool act like a big NXTs pool, its better to forge as one, rather than forge alone. Thats the way NXT works.
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Offline nxkoil

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Re: Forging blocks
« Reply #4 on: February 06, 2014, 12:35:26 AM »
Quote from: Wolftein on February 05, 2014, 10:21:51 PM
Quote from: nxkoil on February 05, 2014, 05:14:37 PM
Quote from: ^[GS]^ on February 05, 2014, 12:39:40 PM
If you have time to wait, NXTio could serve :)

http://www.nxtio.org/

No minimum deposit, no commission is charged on the deposit, there is no time limit, forging 24 hours :)

What kind of NXTio could bring to investors?

If the idea is that NXTio runs its computers instead of investors' computers,
what would happen if 1000 investors want to forge via NXTio?  Would you buy 1000 Rasberrys or other computers? ;-)

Hello nxkoil.

No, NXTio only forges with one node. It's useless to forge with multiple devices, if you have a node that serves thousand of NXTs. The more NXTs you have, the more NXT you will forge. The pool act like a big NXTs pool, its better to forge as one, rather than forge alone. Thats the way NXT works.

ah ... ofc :-)
I've read today about pools and couldn't switch off that mode, and forgot the NXT system's "heart":-)
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Offline hughmanwho

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Re: Forging blocks
« Reply #5 on: February 06, 2014, 02:43:22 AM »
After hearing about Bitcoin scams like the Bitcoin investment trust, I don't trust anyone else with my Nxt, you better believe I'm going to use a site like this once we are allowed to point our forging power at your account though!
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Offline Wolftein

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Re: Forging blocks
« Reply #6 on: February 06, 2014, 03:02:35 AM »
Quote from: hughmanwho on February 06, 2014, 02:43:22 AM
After hearing about Bitcoin scams like the Bitcoin investment trust, I don't trust anyone else with my Nxt, you better believe I'm going to use a site like this once we are allowed to point our forging power at your account though!

Hello hughmanwho,

NxtIO is legally registered, there is no catch or scam. If you don't trust the system, you can always try the platform with the minimal deposit (1 NXT). All this information is available on the web, we want to earn our customer trust, by doing it right :). We want the coin to success, not otherwise. You're welcome to ask us anything, we have 24hs support.

Something similar happended to me three years ago, when i had more than 200 bitcoins. At that time, bitcoin looked like a scam, and i didn't trust any bitcoin bank or anyone. After some time, I begin to sell them without investment in any other site. Now I regret losing that train.
« Last Edit: February 06, 2014, 04:51:09 AM by Wolftein »
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Offline igmaca

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Re: Forging blocks
« Reply #7 on: February 06, 2014, 11:37:59 AM »
forging system should look like this:

my NXT are in my node
I open my wallet to forge
The nxt network automatically assigns me a VPS according to the number of currently active VPS and the number of nxt each VPS has.
Pointed against that VPS
When the VPS forged receipt in my wallet my nxt obtained.
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Offline igmaca

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Re: Forging blocks
« Reply #8 on: February 06, 2014, 11:58:33 AM »
The amount of nxt pointing at each VPS should constantly balanced (communicating vessels) the maximum possible (nxt network automatically do this))

so that if you have 1 nxt or if you have 1000000000 nxt have the same opportunities and proportionally results to forging.
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Offline nxkoil

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Re: Forging blocks
« Reply #9 on: February 06, 2014, 12:34:46 PM »
Quote from: igmaca on February 06, 2014, 11:58:33 AM
The amount of nxt pointing at each VPS should constantly balanced (communicating vessels) the maximum possible (nxt network automatically do this))

so that if you have 1 nxt or if you have 1000000000 nxt have the same opportunities and proportionally results to forging.

yes ... and if all the active accounts were in same "pool", then all would get a profit from generated blocks, though richer more than poorer, but anyway then it would be fair. Currently the poorer have so much smaller possibilities that it is not likely that they will forge ever.
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Offline lucky88888

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Re: Forging blocks
« Reply #10 on: February 06, 2014, 01:34:46 PM »
The lowest i heard of someone forging something is with a balance of 1,500nxt only.
https://nextcoin.org/index.php/topic,3438.msg32656.html#msg32656
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Offline igmaca

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Re: Forging blocks
« Reply #11 on: February 06, 2014, 01:44:19 PM »
Price is what you pay, value what you get

What should be the value of nxt for people is willing to pay for it?

Equal opportunity to forge for everyone regardless of how much you have nxt.
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Offline igmaca

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Re: Forging blocks
« Reply #12 on: February 07, 2014, 03:19:06 PM »
NXT FORGE PROBLEM
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Offline igmaca

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Re: Forging blocks
« Reply #13 on: February 07, 2014, 03:20:33 PM »
EQUALITY FORGE SOLUTION
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Offline igmaca

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Re: Forging blocks
« Reply #14 on: February 07, 2014, 03:21:40 PM »
EQUITY FORGE SOLUTION
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