Supposedly forging since 21st Jan, no fee earned yet, is this normal?

[cryptodevil]

Had 7K+ NXT since 21st Jan, client running 24/7, absolutely no fee earned whatsoever.

Is this normal or is something wrong with my setup? This is the info from the blockchain for my account:

Transfer Total    :   2   Transfer In    :   2   Transfer Out    :   0
Paid Fees Total    :   0   Amounts In    :   7,448   Amounts Out    :   0
Aliases       0   First Transfer    :   21.01.2014   Last Transfer    :   21.01.2014
Mining Ratio [2]    :   0.0007 % » [5.6496 NXT]   Blocks Generated    :   0   Fee Earned    :   0 NXT

Does everything look correct?

[CrazyJaka]

Yes its normal, you need at least 500K in you account to make it profitable or even more. Everyone who runs a client makes nxt more stable and secure but to make it profitable you need to have a lot more in your account.

[gsxrl3oi]

Ive been forging since december and got nothing.
I quit forging as of today. Waste of energy.

[CrazyJaka]

Lets put it this into another perspective.

Lets say you have 1M NXT in your account and theoretically there is no transaction for 7 days among all accounts....theoretically....how much nxt would you generate? Total 0 NXT, even with that much NXT in your account..so more transaction with more NXT you can get more fees....

[digicoiner]

I think forging would become worthwhile if the Nxt price increases and usage increases a lot causing there to be lots transactions and fees per block.  At the current price of Nxt and with lots of blocks with 0 fees the profitability is negligible at this point imo.

[cryptodevil]

Ok, thanks for letting me know. Yeah there does seem to come a point where you start to feel you're putting more effort in than you've got any hope of seeing a return on.

After jumping through the mind-bending hoops of figuring out how to buy the Ripples, trade them for NXT on Peercover - a system which promises a lot but I've no idea what it's talking about, send them to your, ridiculously fiddly to setup, NXT wallet, and then watch the thing do absolutely nothing other than tell you that your next block is going to be in 24 days, no, 12 hours, no, 8 weeks . . .

I'm starting to think I've bought in to the future cryptocurrency version of TCP/IP and who the hell would bother owning tiny fractions of a communication protocol?

[hughmanwho]

It's mostly going to be a matter of waiting until Nxt's usage increases, which will happen in the not too distant future, currently most people simply send Nxt back and forth from the exchanges and we're hitting what an average 2 transactions per minute?  Once we get up to Bitcoin's 1 transaction per second, and pooled forging, we'll all be doing a little bit better in that regard.

Also, an increase in price wouldn't help that much, because then we'd have to lower the transaction fee, I don't know about you but I'm not willing to pay more than 10 cents unless I'm transferring a lot of money.