Nxt Forum

Nxt Discussion => Nxt Monetary System => ELEMS => Topic started by: elements on January 10, 2015, 10:31:54 pm

Title: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 10, 2015, 10:31:54 pm
Promotional Offer: In order to start minting a coin you need to have nxt in your wallet account. The Elements team will help new users to be part of our community by sending a small amount of nxt to any new user that wants to start minting. Please post here your account number and your public key.


SPECS

NXT BASED
Total Supply: 84 000 000 ELEMS
Minimum Difficulty: 10
Maximum Dificulty: 150
Minting Algorithm: Scrypt
No IPO
No Premine


DESCRIPTION

Elements (ELEMS) is the first MS coin using Scrypt Algorithm and the first MS coin that people start minting. ELEMS had no initial supply (pre-mining). We believe in fair distribution. At the moment there is no GPU miner. Everyone can use his computer to mint ELEMS. We want to build a great community and add value to our coin.

NO PREMINE! NO INITIAL SUPPLY! NO IPO! FAIR DISTRIBUTION AGAIN!

RESOURCES

Minting Tutorial (currently under public proof check, more info here (https://nxtforum.org/index.php?topic=7400.msg150848#msg150848))
https://docs.google.com/document/d/1_QdcrY1q6_n9J3NOcyoczGqELIeCy6S6zNG2Cj22bj8/edit?pli=1




ROADMAP

ELEMS Logo --> Competition now LIVE (https://nxtforum.org/index.php?topic=7890.0)
Minting Tutorial (proof-check)
ELEMS Statistics Page --> https://nxtforum.org/index.php?topic=7534.0
Project Rescue Announcement --> https://nxtforum.org/index.php?topic=7556.0


ANNOUNCEMENTS

BitcoinTalk Announcement Post:  https://bitcointalk.org/index.php?topic=921194.new#new
New NRS version: https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.4.8.zip
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: natty on January 10, 2015, 10:34:52 pm
How much Nxt do you pay for 1 ELEMS? :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: escalicha on January 10, 2015, 10:44:05 pm
getting place legendary thread
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: frohlocke on January 10, 2015, 10:50:58 pm
THX for that preannouncement of a better announcement!


Pending: A better announcement post


Edit: quote
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Nxter on January 10, 2015, 10:53:46 pm
how do i mint ELEMS?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Tosch110 on January 10, 2015, 11:07:28 pm
how do i mint ELEMS?

I am wondering the same
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 10, 2015, 11:18:25 pm
how do i mint ELEMS?

Added Update to the main post:

Update1: How do I mine ELEMS:

According to Nxt minting wiki:

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:


nxt.mint.serverAddress - the address of the NXT peer accepting the transactions. Defaults to "localhost".

nxt.mint.currencyCode - specifies the monetary system currency code of the currency to mint.

nxt.mint.secretPhrase - secret phrase of the account to which the new currency units are granted. This secret phrase is submitted to the peer with each mint transaction.

nxt.mint.unitsPerMint - specifies the number of units per mint for each mint transaction. This is the number of units credited to the minter account, however, minting difficulty increases linearly with the number of units, therefore small minters should define small number of units and large minters a larger number [default: 1 whole unit per mint] This field accepts decimal positions according to the currency decimals.

nxt.mint.threadPoolSize - number of threads used for hashing [default: 1 thread per CPU core]

nxt.mint.initialNonce - by default (or when setting the value to 0) the initial nonce is chosen randomly and increased by one on every hash calculation. Set this value when you like the hashing process to work deterministically, for example for testing purposes.

nxt.mint.isSubmitted - by default the mint worker does not actually submit the minting transaction. To submit the transactions automatically whenever a hash is solved set this value to true. Refer to the best practices section below.


Example:

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=1
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true

Runtime

To execute the mint worker follow these steps:

1.Install NXT
2.Configure the mint parameters as explained above
3.Start the NXT node and update the blockchain
4.Once the node is started launch the mint worker by running mint.sh on Unix or mint.bat on Windows
5.The mint worker connects to the NXT node specified by the nxt.mint.serverAddress setting, to retrieve the minting parameters and submit the solution nonce.


Additional Best practices

Never set the isSubmitted flag to true unless you are absolutely sure what's you are doing. You may end up paying a lot of fees and spamming the blockchain.

Always start by minting 1 unit per mint and observe the log messages printed by the mint worker. Look at the hash rate and the number of seconds per transaction. Adjust the nxt.mint.unitsPerMint setting so that the mint worker solves no more than one hash per hour, but also consider that a single transaction cannot mint more than 1/10000 of the total unit supply.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: jones on January 10, 2015, 11:20:55 pm
Someone should make a simplified minting program for CPU then eventually gpu.

*opens up IDE
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 12:12:47 am
Update 2 :
2.09 ELEMS already mined!

By looking all the other POW coins, ELEMS is the first coin that people start to mine. Thank you!



Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 12:15:04 am
Yay one of if not the first POW NXT MS coin :) that people are actually trying out.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Nxter on January 11, 2015, 12:18:41 am
Its not working for me.. any idea??

Code: [Select]
Initializing Nxt server version 1.4.7
2015-01-11 01:05:50 INFO: nxt.enableStackTraces = "true"
2015-01-11 01:05:50 INFO: nxt.enableLogTraceback = "false"
2015-01-11 01:05:50 INFO: logging enabled
2015-01-11 01:05:50 INFO: nxt.mint.currencyCode = "ELEMS"
2015-01-11 01:05:50 INFO: nxt.mint.secretPhrase = "THIS IS MY SECRET"
2015-01-11 01:05:50 INFO: nxt.mint.isSubmitted = "true"
2015-01-11 01:05:50 INFO: nxt.maxRollback = "1440"
2015-01-11 01:05:50 INFO: nxt.isTestnet = "false"
2015-01-11 01:05:50 INFO: nxt.isOffline = "false"
2015-01-11 01:05:50 INFO: nxt.trimDerivedTables = "true"
2015-01-11 01:05:50 INFO: nxt.numberOfForkConfirmations = "5"
2015-01-11 01:05:50 INFO: nxt.disableGetMoreBlocksThread not defined, assuming f
alse
2015-01-11 01:05:50 INFO: nxt.dbCacheKB = "0"
2015-01-11 01:05:50 INFO: nxt.dbUrl = "jdbc:h2:nxt_db/nxt;DB_CLOSE_ON_EXIT=FALSE
;MVCC=TRUE"
2015-01-11 01:05:50 INFO: nxt.maxDbConnections = "30"
2015-01-11 01:05:50 INFO: nxt.dbLoginTimeout = "70"
2015-01-11 01:05:50 INFO: nxt.dbDefaultLockTimeout = "60"
2015-01-11 01:05:50 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 01:05:50 INFO: nxt.apiServerPort = "7876"
2015-01-11 01:05:50 FINE: Sending request to server: http://localhost:7876/nxt?c
ode=ELEMS&requestType=getCurrency
2015-01-11 01:05:50 INFO: nxt.mint.unitsPerMint = "1"
2015-01-11 01:05:50 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 01:05:50 INFO: nxt.apiServerPort = "7876"
2015-01-11 01:05:50 FINE: Sending request to server: http://localhost:7876/nxt?r
equestType=getMintingTarget&currency=7035962084481354251&units=10000&account=NXT
-BS9K-5KTE-4892-23JY8
Exception in thread "main" java.lang.IllegalStateException: Request http://local
host:7876/nxt?requestType=getMintingTarget&currency=7035962084481354251&units=10
000&account=NXT-BS9K-5KTE-4892-23JY8 produced error response code 5 message "Unk
nown account"
        at nxt.mint.MintWorker.getJsonResponse(MintWorker.java:221)
        at nxt.mint.MintWorker.getMintingTarget(MintWorker.java:175)
        at nxt.mint.MintWorker.mint(MintWorker.java:77)
        at nxt.mint.MintWorker.main(MintWorker.java:46)

Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 12:23:47 am
How much Nxt do you pay for 1 ELEMS? :)

The first Exchange Request for ELEMS is live:   500nxt for 1 ELEMS

*This is close to the price of LTC before the big drop that happens the last 2-3 weeks. ELEMS and LTC have both the same amount of total coins: 84 millions.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 12:27:36 am
Its not working for me.. any idea?? 



account=NXT-BS9K-5KTE-4892-23JY8 produced error response code 5 message "Unk
nown account"  ---> Is this your account? did you put the correct pass-phrase?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Nxter on January 11, 2015, 12:36:25 am
Its not working for me.. any idea?? 



account=NXT-BS9K-5KTE-4892-23JY8 produced error response code 5 message "Unk
nown account"  ---> Is this your account? did you put the correct pass-phrase?

This is not my acc but i see that i did put the pass correctly.
it is a very long (50+) random chars pass. do i have to enclose the pass with ' ' or " " or somehting like that?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Klokan on January 11, 2015, 12:39:04 am
How much Nxt do you pay for 1 ELEMS? :)

The first Exchange Request for ELEMS is live:   500nxt for 1 ELEMS

*This is close to the price of LTC before the big drop that happens the last 2-3 weeks. ELEMS and LTC have both the same amount of total coins: 84 millions.

Where can I see this exchange request ? I just see :

Offers to Exchange NXT for ELEMS
Height    Account    Units    Limit    Rate
330108   NXT-L32A-SP75-LNQZ-8V89Y   1   1   1
330118   NXT-3FAT-YTFM-7GAB-9HHS9   1   1   0.01
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 12:40:44 am
I'm confused on how to open the file nxt.properties

I renamed it nxt.properties but I can't open it. So I changed it to a .txt file but can't find what is needed to change...

edit: found it :P
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Nxter on January 11, 2015, 12:42:28 am
I'm confused on how to open the file nxt.properties

I renamed it nxt.properties but I can't open it. So I changed it to a .txt file but can't find what is needed to change...
I recommend you to google and install notepad++   ;)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: xyzzyx on January 11, 2015, 12:43:17 am
nown account"  ---> Is this your account? did you put the correct pass-phrase?

This is not my acc but i see that i did put the pass correctly.
it is a very long (50+) random chars pass. do i have to enclose the pass with ' ' or " " or somehting like that?

Try opening a new account and letting the Nxt client choose a passphrase for you.  You can then copy and paste this passphrase into your config file for miniting.  Remember to fund your new account before you start minting as each successful mint op costs 1 NXT.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 12:45:23 am
I'm confused on how to open the file nxt.properties

I renamed it nxt.properties but I can't open it. So I changed it to a .txt file but can't find what is needed to change...
I recommend you to google and install notepad++   ;)

thanks :P forgot about that
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: starik69 on January 11, 2015, 12:52:52 am
Code: [Select]
INFO: pool-1-thread-1 computed 1 [MH] :o
Did i mint? ???
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Klokan on January 11, 2015, 12:55:51 am
Code: [Select]
INFO: pool-1-thread-1 computed 1 [MH] :o
Did i mint? ???

Probably not, this is just the info, that your computer verified/spent 1 MHash of its power for minting ;-)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 01:01:31 am
woo I'm minting :)

Still nothing yet though....
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: starik69 on January 11, 2015, 01:05:34 am
Oh, looked in code. It will show "solution" when minted :-[
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: shin on January 11, 2015, 01:22:45 am
Can someone confirm if minting also applicable to an account with an effective balance of 0?

Forging requires that the account must have gotten 1440 blocks confirmations, or approximately a day old. But does this restriction also apply to minting? =/

By the way, there is 0 result when trying to find a currency with the code ELEMS on the currencies list. What gives?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 01:23:28 am
How much Nxt do you pay for 1 ELEMS? :)

The first Exchange Request for ELEMS is live:   500nxt for 1 ELEMS

*This is close to the price of LTC before the big drop that happens the last 2-3 weeks. ELEMS and LTC have both the same amount of total coins: 84 millions.

Where can I see this exchange request ? I just see :

Offers to Exchange NXT for ELEMS
Height    Account    Units    Limit    Rate
330108   NXT-L32A-SP75-LNQZ-8V89Y   1   1   1
330118   NXT-3FAT-YTFM-7GAB-9HHS9   1   1   0.01

This whole system is new to everyone, maybe someone from the development team can enlighten us.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 01:39:43 am
Can someone confirm if minting also applicable to an account with an effective balance of 0?

Forging requires that the account must have gotten 1440 blocks confirmations, or approximately a day old. But does this restriction also apply to minting? =/

By the way, there is 0 result when trying to find a currency with the code ELEMS on the currencies list. What gives?

I atm have an effective balance of 0 although have 10k in NXT right now along with a lot of NXT in assets (I buy and sell a lot of assets :P). Still have been able to mint 1 ELEMS so far. (it takes 1 NXT away per mint from your account)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 01:45:14 am
How much Nxt do you pay for 1 ELEMS? :)

The first Exchange Request for ELEMS is live:   500nxt for 1 ELEMS

*This is close to the price of LTC before the big drop that happens the last 2-3 weeks. ELEMS and LTC have both the same amount of total coins: 84 millions.

Where can I see this exchange request ? I just see :

Offers to Exchange NXT for ELEMS
Height    Account    Units    Limit    Rate
330108   NXT-L32A-SP75-LNQZ-8V89Y   1   1   1
330118   NXT-3FAT-YTFM-7GAB-9HHS9   1   1   0.01

The latest exchange was 0.01 ELEMS for 2 nxt . Exchange rate 200nxt per 1ELEM
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: shin on January 11, 2015, 01:53:20 am
Can someone confirm if minting also applicable to an account with an effective balance of 0?

Forging requires that the account must have gotten 1440 blocks confirmations, or approximately a day old. But does this restriction also apply to minting? =/

By the way, there is 0 result when trying to find a currency with the code ELEMS on the currencies list. What gives?

I atm have an effective balance of 0 although have 10k in NXT right now along with a lot of NXT in assets (I buy and sell a lot of assets :P). Still have been able to mint 1 ELEMS so far. (it takes 1 NXT away per mint from your account)
Thanks for the confirmation, wakasaki. I would suggest you to mint from an account that has a low balance; or that has an amount of NXT you are willing to lose because WHEN MINTING THE PASSPHRASE OF THE MINTING ACCOUNT IS SENT TO THE HOST. Please, let this be read by all minters! Happy minting everyone! :)

Oh, I still can't find ELEMS on the list of currencies. Am I missing something? Nevermind, found it now, currency ID is 7035962084481354251 :)

Aaaand I just minted 1 ELEMS. Nice... :D
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: xyzzyx on January 11, 2015, 01:55:55 am
[nevermind.]
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 02:04:22 am
Can someone confirm if minting also applicable to an account with an effective balance of 0?

Forging requires that the account must have gotten 1440 blocks confirmations, or approximately a day old. But does this restriction also apply to minting? =/

By the way, there is 0 result when trying to find a currency with the code ELEMS on the currencies list. What gives?

I atm have an effective balance of 0 although have 10k in NXT right now along with a lot of NXT in assets (I buy and sell a lot of assets :P). Still have been able to mint 1 ELEMS so far. (it takes 1 NXT away per mint from your account)
Thanks for the confirmation, wakasaki. I would suggest you to mint from an account that has a low balance; or that has an amount of NXT you are willing to lose because WHEN MINTING THE PASSPHRASE OF THE MINTING ACCOUNT IS SENT TO THE HOST. Please, let this be read by all minters! Happy minting everyone! :)

Oh, I still can't find ELEMS on the list of currencies. Am I missing something? Nevermind, found it now, currency ID is 7035962084481354251 :)

Aaaand I just minted 1 ELEMS. Nice... :D

thanks for the suggestion. Will do. :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 02:05:11 am
[nevermind.]

Still you have problems minting?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Klokan on January 11, 2015, 02:05:37 am
How much Nxt do you pay for 1 ELEMS? :)

The first Exchange Request for ELEMS is live:   500nxt for 1 ELEMS

*This is close to the price of LTC before the big drop that happens the last 2-3 weeks. ELEMS and LTC have both the same amount of total coins: 84 millions.

Where can I see this exchange request ? I just see :

Offers to Exchange NXT for ELEMS
Height    Account    Units    Limit    Rate
330108   NXT-L32A-SP75-LNQZ-8V89Y   1   1   1
330118   NXT-3FAT-YTFM-7GAB-9HHS9   1   1   0.01

This whole system is new to everyone, maybe someone from the development team can enlighten us.

Tha last row is probably really 0.01NXT per 1 ELEMS, not 100NXT per ELEMS, as you suggested before. And I probably suspect, why -- if you want to create sell exchange offer, the system cry, that "is necessary to input buy rate per unit", or something like this. So, if you want to create sell offer, you probably have to also create buy offer (it's bug or feature??), so, if somebody wants to sell only, he has to create some "pointless" buy order so that no one is using it.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 02:10:14 am
How much Nxt do you pay for 1 ELEMS? :)

The first Exchange Request for ELEMS is live:   500nxt for 1 ELEMS

*This is close to the price of LTC before the big drop that happens the last 2-3 weeks. ELEMS and LTC have both the same amount of total coins: 84 millions.

Where can I see this exchange request ? I just see :

Offers to Exchange NXT for ELEMS
Height    Account    Units    Limit    Rate
330108   NXT-L32A-SP75-LNQZ-8V89Y   1   1   1
330118   NXT-3FAT-YTFM-7GAB-9HHS9   1   1   0.01

This whole system is new to everyone, maybe someone from the development team can enlighten us.

Tha last row is probably really 0.01NXT per 1 ELEMS, not 100NXT per ELEMS, as you suggested before. And I probably suspect, why -- if you want to create sell exchange offer, the system cry, that "is necessary to input buy rate per unit", or something like this. So, if you want to create sell offer, you probably have to also create buy offer (it's bug or feature??), so, if somebody wants to sell only, he has to create some "pointless" buy order so that no one is using it.

Yes you are right. I change my post and delete this part, because it didn't make sense! :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Darkhorse on January 11, 2015, 04:59:55 am
If it says,

Mint worker started

does it mean, i am now minting?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 05:01:56 am
If it says,

Mint worker started

does it mean, i am now minting?

yes as long as the cmd doesn't force close or give an error. It is minting.  :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Darkhorse on January 11, 2015, 05:06:30 am
great, after almost 2 hrs figuring out how. haha. i think i will post a guide on how to configure the mint worker in the board. might be useful for dummies like me.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: peggy2jj on January 11, 2015, 05:08:17 am
Well, I am minting right now.
Where can I see how much I mint so far?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 05:11:05 am
Well, I am minting right now.
Where can I see how much I mint so far?

I think you can go to the "Monetary System" tab -> "Currencies" -> and top right should be a tab that says "My Currencies" which will show what you have got so far.

Also in the mint.bat there should be a notification with a lot of text that comes up when you mint something.

I really feel that it would be helpful to have a "Currency" tab on the Dashboard with the rest of the "Account Balance", "Assets", "Messages", and "Blocks" :P
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: peggy2jj on January 11, 2015, 05:12:13 am
Well, I am minting right now.
Where can I see how much I mint so far?

I think you can go to the "Monetary System" tab -> "Currencies" -> and top right should be a tab that says "My Currencies" which will show what you have got so far.

Also in the mint.bat there should be a notification with a lot of text that comes up when you mint something.
OK
Thanks
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Darkhorse on January 11, 2015, 05:50:50 am
Yes, it shows many comments in the cmd when you minted. I just minted 1. and it also takes away 1 nxt from your account. So guys, in order to mint you do need nxt in your minting account. Please take note! So i am able to mint 1 every 50 minutes or so now.

P.s how do you calculate cost per minting in this way? we can roughly estimate what is the price per coin in a way right?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 09:13:51 am
Cleaner announcement post added.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 09:14:29 am
Anyone with trouble to find the coin when searching the term: ELEMS on "Currencies" tab?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Patrik90 on January 11, 2015, 09:31:50 am
Anyone with trouble to find the coin when searching the term: ELEMS on "Currencies" tab?
yes..cant find it
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 09:35:03 am
Anyone with trouble to find the coin when searching the term: ELEMS on "Currencies" tab?
yes..cant find it

same...its weird. Didn't have a problem earlier finding it.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 09:39:48 am
Anyone with trouble to find the coin when searching the term: ELEMS on "Currencies" tab?
yes..cant find it

same...its weird. Didn't have a problem earlier finding it.

The same for me. The minting procedure continues intact.  If you have already mint something you can find the coin in "My currencies". Also the coin appears in the "Exchange Booth". Please can anyone from the development team inform us if this is a bug? Any other coins that have the same problem?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 09:41:13 am
Anyone with trouble to find the coin when searching the term: ELEMS on "Currencies" tab?
yes..cant find it

same...its weird. Didn't have a problem earlier finding it.

The same for me. The minting procedure continues intact.  If you have already mint something you can find the coin in "My currencies". Also the coin appears in the "Exchange Booth". Please can anyone from the development team inform us if this is a bug? Any other coins that have the same problem?

Yeah can find it in "My Currencies" just not when searching All currencies. Im guessing its a bug. The system is still new so bugs are likely to show up.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 09:52:27 am
Promotional Offer update added!

Quote
Promotional Update: In order to start minting a coin you need to have nxt in your wallet account. The Elements team will help new users to be part of our community by sending a small amount of nxt to any new user that wants to start minting. Please post here your account number and your public key.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: lopalcar on January 11, 2015, 09:56:52 am
One doubt... should I set nxt.mint.isSubmitted=false o =true?
In nxt wiki they say: Never set the isSubmitted flag to true unless you are absolutely sure what's you are doing. You may end up paying a lot of fees and spamming the blockchain.
But if it is set as false my understanding tells me that although I found a solution it isn't submitted, so I will be solving solutions for nothing...

PD: I already minted 1 elem with it set to true and received one message when it was as false telling me that a solution was found but wasn't submitted :S
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 09:58:18 am
One doubt... should I set nxt.mint.isSubmitted=false o =true?
In nxt wiki they say: Never set the isSubmitted flag to true unless you are absolutely sure what's you are doing. You may end up paying a lot of fees and spamming the blockchain.
But if it is set as false my understanding tells me that although I found a solution it isn't submitted, so I will be solving solutions for nothing...

PD: I already minted 1 elem with it set to true and received one message when it was as false telling me that a solution was found but wasn't submitted :S

I believe set it to true if you want to actually keep what you mint. OR false if you want to test out the rate that you mint before you actually mint. Or something like that.  :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 10:07:18 am
One doubt... should I set nxt.mint.isSubmitted=false o =true?
In nxt wiki they say: Never set the isSubmitted flag to true unless you are absolutely sure what's you are doing. You may end up paying a lot of fees and spamming the blockchain.
But if it is set as false my understanding tells me that although I found a solution it isn't submitted, so I will be solving solutions for nothing...

PD: I already minted 1 elem with it set to true and received one message when it was as false telling me that a solution was found but wasn't submitted :S

I believe set it to true if you want to actually keep what you mint. OR false if you want to test out the rate that you mint before you actually mint. Or something like that.  :)

Wakasaki808 is right. You can also play with this value: nxt.mint.unitsPerMint=1 , if you have a slower cpu smaller values  than 1 is better, but first test it with isSubmitted flag set to false. With nxt.mint.unitsPerMint=1 you will receive 1ELEMS and pay 1nxt fee. The price of ELEMS is community driven so nobody wants to sell below 1 nxt. Chances are that nobody also want to sell 0.1ELEMS for 1 nxt so if you have a slower cpu you can have nxt.mint.unitsPerMint=0.5 for example. At the moment the lowest ratio for ELEMS/NXT exchange was 99Nxt per 1ELEMS.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: lopalcar on January 11, 2015, 10:10:37 am
One doubt... should I set nxt.mint.isSubmitted=false o =true?
In nxt wiki they say: Never set the isSubmitted flag to true unless you are absolutely sure what's you are doing. You may end up paying a lot of fees and spamming the blockchain.
But if it is set as false my understanding tells me that although I found a solution it isn't submitted, so I will be solving solutions for nothing...

PD: I already minted 1 elem with it set to true and received one message when it was as false telling me that a solution was found but wasn't submitted :S

I believe set it to true if you want to actually keep what you mint. OR false if you want to test out the rate that you mint before you actually mint. Or something like that.  :)

Makes sense, thanks  ;)
So I suppose that I will never find a "false positive" right? I mean, like could happen in bitcoin that two miners find a block in the same time and one is rejected (because here we haven't got own blocks...)
I would like a more complete explanation in "not code" version to understand how the mining here works.... in nxt wiki says that no more than one transaction/account each block, so... can I have a queue of many minted coins waiting to be confirmed? If this is true, a very powerful miner can mine a lot of currencys in the begining with low difficulty and then subbmit the results once he have accumulated many coins "unconfirmed" with low difficulty
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Riker on January 11, 2015, 10:40:28 am
As a workaround to find ELEMS until we fix the search facility in the currency table, you can open the exchange booth with any other currency, for example with the one at the top of the currencies list.
Then in the Exchange Booth search box, type ELEMS
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Klokan on January 11, 2015, 10:45:43 am
Promotional Offer update added!

Quote
Promotional Update: In order to start minting a coin you need to have nxt in your wallet account. The Elements team will help new users to be part of our community by sending a small amount of nxt to any new user that wants to start minting. Please post here your account number and your public key.

NXT-KDCJ-37D2-YBEK-7N55C; public key : 14d16a50c1ee8a51d0e0be635668d0bdf10d959761e057c7406a74a7f3902366. Thank you ;-)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 10:50:25 am
As a workaround to find ELEMS until we fix the search facility in the currency table, you can open the exchange booth with any other currency, for example with the one at the top of the currencies list.
Then in the Exchange Booth search box, type ELEMS

Thank you lyaffe for your update. Much appreciated!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: KrusherPT on January 11, 2015, 10:50:38 am
Can anyone help me here, I minted 2 units and tried to sell them for 5 each (today 1:32 GMT), it appears in my account as Exchange Requests but when I try to find it using another account my offer doesnt exist...
What im doing wrong?
If this isnt the right place to ask sorry  ;D
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 10:56:40 am
Promotional Offer update added!

Quote
Promotional Update: In order to start minting a coin you need to have nxt in your wallet account. The Elements team will help new users to be part of our community by sending a small amount of nxt to any new user that wants to start minting. Please post here your account number and your public key.

NXT-KDCJ-37D2-YBEK-7N55C; public key : 14d16a50c1ee8a51d0e0be635668d0bdf10d959761e057c7406a74a7f3902366. Thank you ;-)

Klokan you are not so new to nxt. Your account has already 28.8 nxt. :)
I just sent you another 7nxt in order to start mint your first ELEMS :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 10:59:57 am
Can anyone help me here, I minted 2 units and tried to sell them for 5 each (yesterday 1:32 GMT), it appears in my account as Exchange Requests but when I try to find it using another account my offer doesnt exist...
What im doing wrong, if this isnt the right place to ask sorry  ;D?

I think there is a difference when you use "exchange booth" directly or when you try to exchange your currencies using "offer".

lyaffe if you have time can you please explain us, it is a little confusing?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: KrusherPT on January 11, 2015, 11:05:18 am
Can anyone help me here, I minted 2 units and tried to sell them for 5 each (yesterday 1:32 GMT), it appears in my account as Exchange Requests but when I try to find it using another account my offer doesnt exist...
What im doing wrong, if this isnt the right place to ask sorry  ;D?

I think there is a difference when you use "exchange booth" directly or when you try to exchange your currencies using "offer".

lyaffe if you have time can you please explain us, it is a little confusing?
I'm new to NXT but I get it, I know what I have to do now :) thanks for the tip (offer button)
But if someone can fully explain will be awesome.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: crimi on January 11, 2015, 11:07:44 am
Wow compare to EGOLD this is really hard mining work.  :D
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 11:09:21 am
Wow compare to EGOLD this is really hard mining work.  :D

yeah finding a mint is waaaaayyy harder for ELEMS lol  :D
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 11:28:44 am
Wow compare to EGOLD this is really hard mining work.  :D

yeah finding a mint is waaaaayyy harder for ELEMS lol  :D

21 accounts at the moment are holding ELEMS :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: OrgiOrg on January 11, 2015, 12:42:51 pm
nxt.mint.threadPoolSize > 1 bring a IndexOutOfBound-Error to me ... why?

with EGOLD it's no problem to set more then 1 thread

value = 0 doesn't work too
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: shin on January 11, 2015, 12:49:51 pm
nxt.mint.threadPoolSize > 1 bring a IndexOutOfBound-Error to me ... why?

with EGOLD it's no problem to set more then 1 thread

value = 0 doesn't work too
I have got the same problem/error. Can only set it to 1 =/
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: KrusherPT on January 11, 2015, 12:50:04 pm
nxt.mint.threadPoolSize > 1 bring a IndexOutOfBound-Error to me ... why?

with EGOLD it's no problem to set more then 1 thread

value = 0 doesn't work too
same where (didnt test egold)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 12:54:17 pm
nxt.mint.threadPoolSize > 1 bring a IndexOutOfBound-Error to me ... why?

with EGOLD it's no problem to set more then 1 thread

value = 0 doesn't work too
I have got the same problem/error. Can only set it to 1 =/

 by lyaffe (Nxt Core Dev):
"Its a concurrency bug in the Scrypt hashing algorithm (#5). Set nxt.mint.threadPoolSize=1 in nxt.properties and mint away."
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: SwissAlps on January 11, 2015, 01:36:49 pm
Hi guys,

I seem to have a little problem, can you help ?

Code: [Select]
C:\Nxt\nxt>mint >marc.log
2015-01-11 14:26:50 INFO: nxt.enableStackTraces = "true"
2015-01-11 14:26:50 INFO: nxt.enableLogTraceback = "false"
2015-01-11 14:26:50 INFO: logging enabled
2015-01-11 14:26:50 INFO: nxt.mint.currencyCode = "ELEMS"
2015-01-11 14:26:50 INFO: nxt.mint.secretPhrase = "my secret key"
2015-01-11 14:26:50 INFO: nxt.mint.isSubmitted = "false"
2015-01-11 14:26:50 INFO: nxt.maxRollback = "1440"
2015-01-11 14:26:50 INFO: nxt.isTestnet = "false"
2015-01-11 14:26:50 INFO: nxt.isOffline = "false"
2015-01-11 14:26:50 INFO: nxt.trimDerivedTables = "true"
2015-01-11 14:26:50 INFO: nxt.numberOfForkConfirmations = "5"
2015-01-11 14:26:50 INFO: nxt.disableGetMoreBlocksThread not defined, assuming false
2015-01-11 14:26:51 INFO: nxt.dbCacheKB = "0"
2015-01-11 14:26:51 INFO: nxt.dbUrl = "jdbc:h2:nxt_db/nxt;DB_CLOSE_ON_EXIT=FALSE;MVCC=TRUE"
2015-01-11 14:26:51 INFO: nxt.maxDbConnections = "30"
2015-01-11 14:26:51 INFO: nxt.dbLoginTimeout = "70"
2015-01-11 14:26:51 INFO: nxt.dbDefaultLockTimeout = "60"
2015-01-11 14:26:51 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 14:26:51 INFO: nxt.apiServerPort = "7876"
2015-01-11 14:26:51 FINE: Sending request to server: http://localhost:7876/nxt?requestType=getCurrency&code=ELEMS
2015-01-11 14:26:51 INFO: nxt.mint.unitsPerMint = "1"
2015-01-11 14:26:51 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 14:26:51 INFO: nxt.apiServerPort = "7876"
2015-01-11 14:26:51 FINE: Sending request to server: http://localhost:7876/nxt?account=NXT-NFQC-J77K-Z4GW-32UW6&requestType=getMintingTarget&units=10000&currency=7035962084481354251
2015-01-11 14:26:51 INFO: nxt.mint.initialNonce = "1"
2015-01-11 14:26:51 INFO: nxt.mint.threadPoolSize = "0"
2015-01-11 14:26:51 FINE: Thread pool size 2
2015-01-11 14:26:51 INFO: Mint worker started
Exception in thread "main" java.lang.IllegalStateException: java.util.concurrent
.ExecutionException: java.lang.ArrayIndexOutOfBoundsException
        at nxt.mint.MintWorker.solve(MintWorker.java:141)
        at nxt.mint.MintWorker.mintImpl(MintWorker.java:114)
        at nxt.mint.MintWorker.mint(MintWorker.java:94)
        at nxt.mint.MintWorker.main(MintWorker.java:46)
Caused by: java.util.concurrent.ExecutionException: java.lang.ArrayIndexOutOfBou
ndsException
        at java.util.concurrent.FutureTask.report(Unknown Source)
        at java.util.concurrent.FutureTask.get(Unknown Source)
        at nxt.mint.MintWorker.solve(MintWorker.java:139)
        ... 3 more
Caused by: java.lang.ArrayIndexOutOfBoundsException
        at java.lang.System.arraycopy(Native Method)
        at sun.security.provider.DigestBase.engineUpdate(Unknown Source)
        at sun.security.provider.SHA2.implDigest(Unknown Source)
        at sun.security.provider.DigestBase.engineDigest(Unknown Source)
        at java.security.MessageDigest$Delegate.engineDigest(Unknown Source)
        at java.security.MessageDigest.digest(Unknown Source)
        at com.sun.crypto.provider.HmacCore.doFinal(HmacCore.java:214)
        at com.sun.crypto.provider.HmacCore$HmacSHA256.engineDoFinal(HmacCore.ja
va:266)
        at javax.crypto.Mac.doFinal(Mac.java:546)
        at javax.crypto.Mac.doFinal(Mac.java:589)
        at nxt.crypto.Scrypt.hash(Scrypt.java:76)
        at nxt.crypto.HashFunction$3.hash(HashFunction.java:28)
        at nxt.CurrencyMint.getHash(CurrencyMint.java:167)
        at nxt.mint.MintWorker$HashSolver.call(MintWorker.java:273)
        at nxt.mint.MintWorker$HashSolver.call(MintWorker.java:246)
        at java.util.concurrent.FutureTask.run(Unknown Source)
        at java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)
        at java.util.concurrent.FutureTask.run(Unknown Source)
        at java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)
        at java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)
        at java.lang.Thread.run(Unknown Source)
^C
C:\Nxt\nxt>type marc.log
Press any key to continue . . .
Initializing Nxt server version 1.4.7
Terminate batch job (Y/N)?
Press any key to continue . . .

C:\Nxt\nxt>
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 01:40:18 pm
Hi guys,

I seem to have a little problem, can you help ?

Code: [Select]
C:\Nxt\nxt>mint >marc.log
2015-01-11 14:26:50 INFO: nxt.enableStackTraces = "true"
2015-01-11 14:26:50 INFO: nxt.enableLogTraceback = "false"
2015-01-11 14:26:50 INFO: logging enabled
2015-01-11 14:26:50 INFO: nxt.mint.currencyCode = "ELEMS"
2015-01-11 14:26:50 INFO: nxt.mint.secretPhrase = "my secret key"
2015-01-11 14:26:50 INFO: nxt.mint.isSubmitted = "false"
2015-01-11 14:26:50 INFO: nxt.maxRollback = "1440"
2015-01-11 14:26:50 INFO: nxt.isTestnet = "false"
2015-01-11 14:26:50 INFO: nxt.isOffline = "false"
2015-01-11 14:26:50 INFO: nxt.trimDerivedTables = "true"
2015-01-11 14:26:50 INFO: nxt.numberOfForkConfirmations = "5"
2015-01-11 14:26:50 INFO: nxt.disableGetMoreBlocksThread not defined, assuming false
2015-01-11 14:26:51 INFO: nxt.dbCacheKB = "0"
2015-01-11 14:26:51 INFO: nxt.dbUrl = "jdbc:h2:nxt_db/nxt;DB_CLOSE_ON_EXIT=FALSE;MVCC=TRUE"
2015-01-11 14:26:51 INFO: nxt.maxDbConnections = "30"
2015-01-11 14:26:51 INFO: nxt.dbLoginTimeout = "70"
2015-01-11 14:26:51 INFO: nxt.dbDefaultLockTimeout = "60"
2015-01-11 14:26:51 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 14:26:51 INFO: nxt.apiServerPort = "7876"
2015-01-11 14:26:51 FINE: Sending request to server: http://localhost:7876/nxt?requestType=getCurrency&code=ELEMS
2015-01-11 14:26:51 INFO: nxt.mint.unitsPerMint = "1"
2015-01-11 14:26:51 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 14:26:51 INFO: nxt.apiServerPort = "7876"
2015-01-11 14:26:51 FINE: Sending request to server: http://localhost:7876/nxt?account=NXT-NFQC-J77K-Z4GW-32UW6&requestType=getMintingTarget&units=10000&currency=7035962084481354251
2015-01-11 14:26:51 INFO: nxt.mint.initialNonce = "1"
2015-01-11 14:26:51 INFO: nxt.mint.threadPoolSize = "0"
2015-01-11 14:26:51 FINE: Thread pool size 2
2015-01-11 14:26:51 INFO: Mint worker started
Exception in thread "main" java.lang.IllegalStateException: java.util.concurrent
.ExecutionException: java.lang.ArrayIndexOutOfBoundsException
        at nxt.mint.MintWorker.solve(MintWorker.java:141)
        at nxt.mint.MintWorker.mintImpl(MintWorker.java:114)
        at nxt.mint.MintWorker.mint(MintWorker.java:94)
        at nxt.mint.MintWorker.main(MintWorker.java:46)
Caused by: java.util.concurrent.ExecutionException: java.lang.ArrayIndexOutOfBou
ndsException
        at java.util.concurrent.FutureTask.report(Unknown Source)
        at java.util.concurrent.FutureTask.get(Unknown Source)
        at nxt.mint.MintWorker.solve(MintWorker.java:139)
        ... 3 more
Caused by: java.lang.ArrayIndexOutOfBoundsException
        at java.lang.System.arraycopy(Native Method)
        at sun.security.provider.DigestBase.engineUpdate(Unknown Source)
        at sun.security.provider.SHA2.implDigest(Unknown Source)
        at sun.security.provider.DigestBase.engineDigest(Unknown Source)
        at java.security.MessageDigest$Delegate.engineDigest(Unknown Source)
        at java.security.MessageDigest.digest(Unknown Source)
        at com.sun.crypto.provider.HmacCore.doFinal(HmacCore.java:214)
        at com.sun.crypto.provider.HmacCore$HmacSHA256.engineDoFinal(HmacCore.ja
va:266)
        at javax.crypto.Mac.doFinal(Mac.java:546)
        at javax.crypto.Mac.doFinal(Mac.java:589)
        at nxt.crypto.Scrypt.hash(Scrypt.java:76)
        at nxt.crypto.HashFunction$3.hash(HashFunction.java:28)
        at nxt.CurrencyMint.getHash(CurrencyMint.java:167)
        at nxt.mint.MintWorker$HashSolver.call(MintWorker.java:273)
        at nxt.mint.MintWorker$HashSolver.call(MintWorker.java:246)
        at java.util.concurrent.FutureTask.run(Unknown Source)
        at java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)
        at java.util.concurrent.FutureTask.run(Unknown Source)
        at java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)
        at java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)
        at java.lang.Thread.run(Unknown Source)
^C
C:\Nxt\nxt>type marc.log
Press any key to continue . . .
Initializing Nxt server version 1.4.7
Terminate batch job (Y/N)?
Press any key to continue . . .

C:\Nxt\nxt>

Set Thread pool size = 1 

There is a bug in Scrypt minting algo and doesn't allow anything else at the moment. Try again, if the problem still persist tell me.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: SwissAlps on January 11, 2015, 01:58:11 pm
Set Thread pool size = 1 

There is a bug in Scrypt minting algo and doesn't allow anything else at the moment. Try again, if the problem still persist tell me.

Thanks, now it's working fine, with 0.01 unitsPerMint, and finding some answers  :)

I will try now the submit = true
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 02:07:18 pm
Set Thread pool size = 1 

There is a bug in Scrypt minting algo and doesn't allow anything else at the moment. Try again, if the problem still persist tell me.

Thanks, now it's working fine, with 0.01 unitsPerMint, and finding some answers  :)

I will try now the submit = true

If you keep unitsPerMint=0.01  you will pay 1nxt fee per 0.01ELEMs that you mint. I think that ELEMS has the potential to maintain a high price, and when more people join and the difficulty will be higher and coin distribution wider , 0.01ELEMS will worth more than 1nxt but maybe you can try first to alter unitsPerMint between 1 and 0.5 (you will pay 1nxt for 0.5 ELEMS etc). At the end the community will drive the price and hopefully we will keep a big NXT/ELEMS ratio.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Klokan on January 11, 2015, 03:21:02 pm

Klokan you are not so new to nxt. Your account has already 28.8 nxt. :)
I just sent you another 7nxt in order to start mint your first ELEMS :)

But I'm quite new to minting process (as we all are, I suppose) ;-). Many thanx for that 7NXT for minting, Mr. Elements ;-)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: shin on January 11, 2015, 03:36:35 pm
I find it difficult to mint using my CPU. The first coin was probably the easiest. The next consecutive coins are hard to mint. This is getting serious.  :-\
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Sebastien256 on January 11, 2015, 03:44:47 pm
What elems is for (planned)?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Djinou94 on January 11, 2015, 03:45:47 pm
I don't undestand how to mine  ???
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 03:55:39 pm
I don't undestand how to mine  ???

Part 1  - Prepare the Client

1. Download the latest client version from here: hxxps://nxtforum.org/nrs-releases/nrs-v1-4-7-1/    (sorry, still can't post links)
2. Unzip the folder
3. You need to download the blockchain.
4. Navigate to "nxt"  in your newly unzipp folder
5. Run run.bat (assuming that you have a windows system)
6. After that a new folder called "nxt_db" will appear.
7. If you have already the database somewhere else from a previous version of nxt , close the console window and copy/paste the files inside "nxt_db"

Part 2 - Create an account

If you don't have an account or you want to create a new one just for minting purposes:

1. Run again run.bat
2. Double click "NXT_Wallet" (internet shortcut)
2. Generate a new passphrase

Part 3 - Minting

1. Locate "nxt/conf" folder
2. You will find two files inside
3. Copy paste "nxt-default.properties" inside the folder and rename the new generated file "nxt.properties"
3. Open "default.properties" using a text editor like sublimetext or notepad++ (you can use notepad also but the result is going to be ugly)
4. Find and change the below parameters (at the end of the file)

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=1

(this means, you will pay 1nxt fee for each ELEMS that you will mint, you can change this accordingly, however greater number increase the difficulty to mint a coin, smaller number decrease the difficulty but you will pay more fees, check "Additional Best practices" below)                   
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true


5. Save the file
6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started"
8. Happy minting

Try and if you need extra help post here. :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 04:38:16 pm
What elems is for (planned)?

First of all we are very lucky that nxt developers create MS and we have the chance to experiment with it. Our coin is secured with the Nxt blockchain and can be exchangeable with "exchange Booth", so we will put our time and effort to find use cases.

With no GPU and ASIC mining at the moment, our coin is a chance for new users and off-course existing ones to experiment with the minting procedure. The early adoption will be more fair like BTC or LTC some years ago. Fair and wider adoption is one aspect of a coin value. Another one is to find ways to spend the coins that you own. There are people willing to spend computer power to generate coins, we need to have also people willing to buy these coins because they are useful to them. The Elements team will introduce ways to spend ELEMS for useful products and services. Nxt will also profit for ELEMS utilization. All these features and more is our plans for the near future.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: pcjnjn on January 11, 2015, 04:38:52 pm
minted 3 ELEMS only for about 10hrs. Is that right? Maybe I have a slow computer
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 04:47:19 pm
minted 3 ELEMS only for about 10hrs. Is that right? Maybe I have a slow computer

Imagine that there are only 114.3342 ELEMS minted at the moment. So you hold a little less than 3% of the distribution. Another problem is the bug in Scrypt algo that we cannot use all your threads of your processor. But at the same time it is up to us to keep the value of the coin high and coin 3 coins will store enough value for you in the near future. Also something else that can be useful is to make a list of processors and hash rates so anyone can have a comparison.

Someone for example just bought 1ELEMS for 350nxt. And this is only the start. :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: pcjnjn on January 11, 2015, 05:01:38 pm
minted 3 ELEMS only for about 10hrs. Is that right? Maybe I have a slow computer

Imagine that there are only 114.3342 ELEMS minted at the moment. So you hold a little less than 3% of the distribution. Another problem is the bug in Scrypt algo that we cannot use all your threads of your processor. But at the same time it is up to us to keep the value of the coin high and coin 3 coins will store enough value for you in the near future. Also something else that can be useful is to make a list of processors and hash rates so anyone can have a comparison.

Someone for example just bought 1ELEMS for 350nxt. And this is only the start. :)
I see
Keep the supply low and the value high
Thx
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Hachoir on January 11, 2015, 05:14:29 pm
Doesn't work.

The Mint worker stops at "INFO: Mint worker" then nothing since then, it's been about 20 minutes.

My conf is the following :

Quote
#### MINT ####

# Address of the NXT server to which the mint worker submits its transactions (default: localhost)
nxt.mint.serverAddress=localhost

# Specify a mintable currency code
nxt.mint.currencyCode=ELEMS

# Secret phrase for the minting account, this secret phrase is sent to the host specified by
# nxt.mint.serverAddress therefore do not specify secret phrase of an account with lots of funds
nxt.mint.secretPhrase=my secret pass

# Number of units to mint per transaction
# The minting difficulty grows linearly with the number of units per mint
nxt.mint.unitsPerMint=1

# The initial nonce used for minting
# Set to 0 to start with a random nonce
nxt.mint.initialNonce=0

# Number of concurrency threads used for minting
# Set to 0 allocate one thread per processor core
nxt.mint.threadPoolSize=1

# When set to false mint transactions are not submitted when a hash is solved.
# Set this value to true to perform actual minting
nxt.mint.isSubmitted=true

Is there a problem with it ?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 05:55:01 pm
Doesn't work.

The Mint worker stops at "INFO: Mint worker" then nothing since then, it's been about 20 minutes.

My conf is the following :

Quote
#### MINT ####

# Address of the NXT server to which the mint worker submits its transactions (default: localhost)
nxt.mint.serverAddress=localhost

# Specify a mintable currency code
nxt.mint.currencyCode=ELEMS

# Secret phrase for the minting account, this secret phrase is sent to the host specified by
# nxt.mint.serverAddress therefore do not specify secret phrase of an account with lots of funds
nxt.mint.secretPhrase=my secret pass

# Number of units to mint per transaction
# The minting difficulty grows linearly with the number of units per mint
nxt.mint.unitsPerMint=1

# The initial nonce used for minting
# Set to 0 to start with a random nonce
nxt.mint.initialNonce=0

# Number of concurrency threads used for minting
# Set to 0 allocate one thread per processor core
nxt.mint.threadPoolSize=1

# When set to false mint transactions are not submitted when a hash is solved.
# Set this value to true to perform actual minting
nxt.mint.isSubmitted=true

Is there a problem with it ?

nah sometimes it just takes a long time to get anything. Even the notification to say at "pool-1-thread-1" takes a while to come out.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Djinou94 on January 11, 2015, 05:56:36 pm
I don't undestand how to mine  ???

Part 1  - Prepare the Client

1. Download the latest client version from here: hxxps://nxtforum.org/nrs-releases/nrs-v1-4-7-1/    (sorry, still can't post links)
2. Unzip the folder
3. You need to download the blockchain.
4. Navigate to "nxt"  in your newly unzipp folder
5. Run run.bat (assuming that you have a windows system)
6. After that a new folder called "nxt_db" will appear.
7. If you have already the database somewhere else from a previous version of nxt , close the console window and copy/paste the files inside "nxt_db"

Part 2 - Create an account

If you don't have an account or you want to create a new one just for minting purposes:

1. Run again run.bat
2. Double click "NXT_Wallet" (internet shortcut)
2. Generate a new passphrase

Part 3 - Minting

1. Locate "nxt/conf" folder
2. You will find two files inside
3. Copy paste "nxt-default.properties" inside the folder and rename the new generated file "default.properties"
3. Open "default.properties" using a text editor like sublimetext or notepad++ (you can use notepad also but the result is going to be ugly)
4. Find and change the below parameters (at the end of the file)

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=1

(this means, you will pay 1nxt fee for each ELEMS that you will mint, you can change this accordingly, however greater number increase the difficulty to mint a coin, smaller number decrease the difficulty but you will pay more fees, check "Additional Best practices" below)                   
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true


5. Save the file
6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started"
8. Happy minting

Try and if you need extra help post here. :)

The Mint.bat file is not launching for me why?

6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started

I have no console window open

First i copied nxt.defaut.properties and paste
Rename the new file default.properties
Open it with Notepad++ delete the text and add this

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=my nxt passphrase
nxt.mint.unitsPerMint=1
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true

Save and launch the Mint.bat nothing happen
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 06:01:02 pm
I don't undestand how to mine  ???

Part 1  - Prepare the Client

1. Download the latest client version from here: hxxps://nxtforum.org/nrs-releases/nrs-v1-4-7-1/    (sorry, still can't post links)
2. Unzip the folder
3. You need to download the blockchain.
4. Navigate to "nxt"  in your newly unzipp folder
5. Run run.bat (assuming that you have a windows system)
6. After that a new folder called "nxt_db" will appear.
7. If you have already the database somewhere else from a previous version of nxt , close the console window and copy/paste the files inside "nxt_db"

Part 2 - Create an account

If you don't have an account or you want to create a new one just for minting purposes:

1. Run again run.bat
2. Double click "NXT_Wallet" (internet shortcut)
2. Generate a new passphrase

Part 3 - Minting

1. Locate "nxt/conf" folder
2. You will find two files inside
3. Copy paste "nxt-default.properties" inside the folder and rename the new generated file "nxt.properties"
3. Open "default.properties" using a text editor like sublimetext or notepad++ (you can use notepad also but the result is going to be ugly)
4. Find and change the below parameters (at the end of the file)

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=1

(this means, you will pay 1nxt fee for each ELEMS that you will mint, you can change this accordingly, however greater number increase the difficulty to mint a coin, smaller number decrease the difficulty but you will pay more fees, check "Additional Best practices" below)                   
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true


5. Save the file
6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started"
8. Happy minting

Try and if you need extra help post here. :)

The Mint.bat file is not launching for me why?

6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started

I have no console window open

First i copied nxt.defaut.properties and paste
Rename the new file default.properties
Open it with Notepad++ delete the text and add this

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=my nxt passphrase
nxt.mint.unitsPerMint=1
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true

Save and launch the Mint.bat nothing happen

Ok, lets try to find the error. Open your mint.bat file you will see this:
Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker

change it to this and run it again:

Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker
pause

If somethis is wrong the console window closes automatically. By adding a "pause" stays open. Can you please copy paste here the logs so we can find the error?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Djinou94 on January 11, 2015, 06:09:44 pm
I don't undestand how to mine  ???

Part 1  - Prepare the Client

1. Download the latest client version from here: hxxps://nxtforum.org/nrs-releases/nrs-v1-4-7-1/    (sorry, still can't post links)
2. Unzip the folder
3. You need to download the blockchain.
4. Navigate to "nxt"  in your newly unzipp folder
5. Run run.bat (assuming that you have a windows system)
6. After that a new folder called "nxt_db" will appear.
7. If you have already the database somewhere else from a previous version of nxt , close the console window and copy/paste the files inside "nxt_db"

Part 2 - Create an account

If you don't have an account or you want to create a new one just for minting purposes:

1. Run again run.bat
2. Double click "NXT_Wallet" (internet shortcut)
2. Generate a new passphrase

Part 3 - Minting

1. Locate "nxt/conf" folder
2. You will find two files inside
3. Copy paste "nxt-default.properties" inside the folder and rename the new generated file "default.properties"
3. Open "default.properties" using a text editor like sublimetext or notepad++ (you can use notepad also but the result is going to be ugly)
4. Find and change the below parameters (at the end of the file)

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=1

(this means, you will pay 1nxt fee for each ELEMS that you will mint, you can change this accordingly, however greater number increase the difficulty to mint a coin, smaller number decrease the difficulty but you will pay more fees, check "Additional Best practices" below)                   
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true


5. Save the file
6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started"
8. Happy minting

Try and if you need extra help post here. :)

The Mint.bat file is not launching for me why?

6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started

I have no console window open

First i copied nxt.defaut.properties and paste
Rename the new file default.properties
Open it with Notepad++ delete the text and add this

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=my nxt passphrase
nxt.mint.unitsPerMint=1
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true

Save and launch the Mint.bat nothing happen

Ok, lets try to find the error. Open your mint.bat file you will see this:
Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker

change it to this and run it again:

Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker
pause

If somethis is wrong the console window closes automatically. By adding a "pause" stays open. Can you please copy paste here the logs so we can find the error?

Thanks i have this in the console

Initializing Nxt server version 1.4.7.1
Exception in thread "main" java.lang.ExceptionInInitializerError
        at nxt.mint.MintWorker.mint(MintWorker.java:50)
        at nxt.mint.MintWorker.main(MintWorker.java:46)
Caused by: java.lang.RuntimeException: nxt-default.properties not in classpath a
nd system property nxt-default.properties not defined either
        at nxt.Nxt.<clinit>(Nxt.java:40)
        ... 2 more
Appuyez sur une touche pour continuer...
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 06:12:11 pm
I don't undestand how to mine  ???

Part 1  - Prepare the Client

1. Download the latest client version from here: hxxps://nxtforum.org/nrs-releases/nrs-v1-4-7-1/    (sorry, still can't post links)
2. Unzip the folder
3. You need to download the blockchain.
4. Navigate to "nxt"  in your newly unzipp folder
5. Run run.bat (assuming that you have a windows system)
6. After that a new folder called "nxt_db" will appear.
7. If you have already the database somewhere else from a previous version of nxt , close the console window and copy/paste the files inside "nxt_db"

Part 2 - Create an account

If you don't have an account or you want to create a new one just for minting purposes:

1. Run again run.bat
2. Double click "NXT_Wallet" (internet shortcut)
2. Generate a new passphrase

Part 3 - Minting

1. Locate "nxt/conf" folder
2. You will find two files inside
3. Copy paste "nxt-default.properties" inside the folder and rename the new generated file "nxt.properties"
3. Open "default.properties" using a text editor like sublimetext or notepad++ (you can use notepad also but the result is going to be ugly)
4. Find and change the below parameters (at the end of the file)

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=1

(this means, you will pay 1nxt fee for each ELEMS that you will mint, you can change this accordingly, however greater number increase the difficulty to mint a coin, smaller number decrease the difficulty but you will pay more fees, check "Additional Best practices" below)                   
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true


5. Save the file
6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started"
8. Happy minting

Try and if you need extra help post here. :)

The Mint.bat file is not launching for me why?

6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started

I have no console window open

First i copied nxt.defaut.properties and paste
Rename the new file default.properties
Open it with Notepad++ delete the text and add this

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=my nxt passphrase
nxt.mint.unitsPerMint=1
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true

Save and launch the Mint.bat nothing happen

Ok, lets try to find the error. Open your mint.bat file you will see this:
Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker

change it to this and run it again:

Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker
pause

If somethis is wrong the console window closes automatically. By adding a "pause" stays open. Can you please copy paste here the logs so we can find the error?

Thanks i have this in the console

Initializing Nxt server version 1.4.7.1
Exception in thread "main" java.lang.ExceptionInInitializerError
        at nxt.mint.MintWorker.mint(MintWorker.java:50)
        at nxt.mint.MintWorker.main(MintWorker.java:46)
Caused by: java.lang.RuntimeException: nxt-default.properties not in classpath a
nd system property nxt-default.properties not defined either
        at nxt.Nxt.<clinit>(Nxt.java:40)
        ... 2 more
Appuyez sur une touche pour continuer...

Can you please check again if you have:
"nxt.mint.threadPoolSize=1"
At the moment due to a bug in Scrypt minting algo only '1' is the acceptable value.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Djinou94 on January 11, 2015, 06:15:23 pm
I don't undestand how to mine  ???

Part 1  - Prepare the Client

1. Download the latest client version from here: hxxps://nxtforum.org/nrs-releases/nrs-v1-4-7-1/    (sorry, still can't post links)
2. Unzip the folder
3. You need to download the blockchain.
4. Navigate to "nxt"  in your newly unzipp folder
5. Run run.bat (assuming that you have a windows system)
6. After that a new folder called "nxt_db" will appear.
7. If you have already the database somewhere else from a previous version of nxt , close the console window and copy/paste the files inside "nxt_db"

Part 2 - Create an account

If you don't have an account or you want to create a new one just for minting purposes:

1. Run again run.bat
2. Double click "NXT_Wallet" (internet shortcut)
2. Generate a new passphrase

Part 3 - Minting

1. Locate "nxt/conf" folder
2. You will find two files inside
3. Copy paste "nxt-default.properties" inside the folder and rename the new generated file "default.properties"
3. Open "default.properties" using a text editor like sublimetext or notepad++ (you can use notepad also but the result is going to be ugly)
4. Find and change the below parameters (at the end of the file)

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=1

(this means, you will pay 1nxt fee for each ELEMS that you will mint, you can change this accordingly, however greater number increase the difficulty to mint a coin, smaller number decrease the difficulty but you will pay more fees, check "Additional Best practices" below)                   
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true


5. Save the file
6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started"
8. Happy minting

Try and if you need extra help post here. :)

The Mint.bat file is not launching for me why?

6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started

I have no console window open

First i copied nxt.defaut.properties and paste
Rename the new file default.properties
Open it with Notepad++ delete the text and add this

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=my nxt passphrase
nxt.mint.unitsPerMint=1
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true

Save and launch the Mint.bat nothing happen

Ok, lets try to find the error. Open your mint.bat file you will see this:
Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker

change it to this and run it again:

Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker
pause

If somethis is wrong the console window closes automatically. By adding a "pause" stays open. Can you please copy paste here the logs so we can find the error?

Thanks i have this in the console

Initializing Nxt server version 1.4.7.1
Exception in thread "main" java.lang.ExceptionInInitializerError
        at nxt.mint.MintWorker.mint(MintWorker.java:50)
        at nxt.mint.MintWorker.main(MintWorker.java:46)
Caused by: java.lang.RuntimeException: nxt-default.properties not in classpath a
nd system property nxt-default.properties not defined either
        at nxt.Nxt.<clinit>(Nxt.java:40)
        ... 2 more
Appuyez sur une touche pour continuer...

Can you please check again if you have:
"nxt.mint.threadPoolSize=1"
At the moment due to a bug in Scrypt minting algo only '1' is the acceptable value.

Yes it is 1
What do u mean by copy paste the log?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 06:20:28 pm
I don't undestand how to mine  ???

Part 1  - Prepare the Client

1. Download the latest client version from here: hxxps://nxtforum.org/nrs-releases/nrs-v1-4-7-1/    (sorry, still can't post links)
2. Unzip the folder
3. You need to download the blockchain.
4. Navigate to "nxt"  in your newly unzipp folder
5. Run run.bat (assuming that you have a windows system)
6. After that a new folder called "nxt_db" will appear.
7. If you have already the database somewhere else from a previous version of nxt , close the console window and copy/paste the files inside "nxt_db"

Part 2 - Create an account

If you don't have an account or you want to create a new one just for minting purposes:

1. Run again run.bat
2. Double click "NXT_Wallet" (internet shortcut)
2. Generate a new passphrase

Part 3 - Minting

1. Locate "nxt/conf" folder
2. You will find two files inside
3. Copy paste "nxt-default.properties" inside the folder and rename the new generated file "nxt.properties"
3. Open "default.properties" using a text editor like sublimetext or notepad++ (you can use notepad also but the result is going to be ugly)
4. Find and change the below parameters (at the end of the file)

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=1

(this means, you will pay 1nxt fee for each ELEMS that you will mint, you can change this accordingly, however greater number increase the difficulty to mint a coin, smaller number decrease the difficulty but you will pay more fees, check "Additional Best practices" below)                   
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true


5. Save the file
6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started"
8. Happy minting

Try and if you need extra help post here. :)

The Mint.bat file is not launching for me why?

6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started

I have no console window open

First i copied nxt.defaut.properties and paste
Rename the new file default.properties
Open it with Notepad++ delete the text and add this

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=my nxt passphrase
nxt.mint.unitsPerMint=1
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true

Save and launch the Mint.bat nothing happen

Ok, lets try to find the error. Open your mint.bat file you will see this:
Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker

change it to this and run it again:

Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker
pause

If somethis is wrong the console window closes automatically. By adding a "pause" stays open. Can you please copy paste here the logs so we can find the error?

Thanks i have this in the console

Initializing Nxt server version 1.4.7.1
Exception in thread "main" java.lang.ExceptionInInitializerError
        at nxt.mint.MintWorker.mint(MintWorker.java:50)
        at nxt.mint.MintWorker.main(MintWorker.java:46)
Caused by: java.lang.RuntimeException: nxt-default.properties not in classpath a
nd system property nxt-default.properties not defined either
        at nxt.Nxt.<clinit>(Nxt.java:40)
        ... 2 more
Appuyez sur une touche pour continuer...

I think the problem can be here:
Code: [Select]
Caused by: java.lang.RuntimeException: nxt-default.properties not in classpath a
nd system property nxt-default.properties not defined either
        at nxt.Nxt.<clinit>(Nxt.java:40)

Assuming that you unzip the file that you download from the forum. Navigate here:  \nxt-client-1.4.7.1\nxt\conf and you need to have one file with this name: "nxt.properties"

Oups sorry! My mistake in the tutorial! not "default.properties" but "nxt.properties". I will change the guide. Sorry again. :(
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 06:30:02 pm
@Djinou94 Can you please try again, confirm that you can mint know, and also can you please modify the 2-3 posts that you quote my guide and change "default.properties" to "nxt.properties" to not confuse other users. I have change in all of mine posts. Sorry again for any inconvenience. Fast typing = errors!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Djinou94 on January 11, 2015, 06:59:56 pm
Yeahh i think it works, thanks!

Quote
Initializing Nxt server version 1.4.7.1
2015-01-11 19:58:41 INFO: nxt.enableStackTraces = "true"
2015-01-11 19:58:42 INFO: nxt.enableLogTraceback = "false"
2015-01-11 19:58:42 INFO: logging enabled
2015-01-11 19:58:42 INFO: nxt.mint.currencyCode = "ELEMS"
2015-01-11 19:58:42 INFO: nxt.mint.secretPhrase = "my nxt passphrase"
'(-Þ_þÓ)=,;:!"
2015-01-11 19:58:42 INFO: nxt.mint.isSubmitted = "true"
2015-01-11 19:58:42 INFO: nxt.maxRollback = "1440"
2015-01-11 19:58:42 INFO: nxt.isTestnet = "false"
2015-01-11 19:58:42 INFO: nxt.isOffline = "false"
2015-01-11 19:58:42 INFO: nxt.trimDerivedTables = "true"
2015-01-11 19:58:42 INFO: nxt.numberOfForkConfirmations = "5"
2015-01-11 19:58:42 INFO: nxt.disableGetMoreBlocksThread not defined, assuming f
alse
2015-01-11 19:58:42 INFO: nxt.dbCacheKB = "0"
2015-01-11 19:58:42 INFO: nxt.dbUrl = "jdbc:h2:nxt_db/nxt;DB_CLOSE_ON_EXIT=FALSE
;MVCC=TRUE"
2015-01-11 19:58:42 INFO: nxt.maxDbConnections = "30"
2015-01-11 19:58:42 INFO: nxt.dbLoginTimeout = "70"
2015-01-11 19:58:42 INFO: nxt.dbDefaultLockTimeout = "60"
2015-01-11 19:58:42 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 19:58:42 INFO: nxt.apiServerPort = "7876"
2015-01-11 19:58:42 FINE: Sending request to server: http://localhost:7876/nxt?c
ode=ELEMS&requestType=getCurrency
2015-01-11 19:58:42 INFO: nxt.mint.unitsPerMint = "1"
2015-01-11 19:58:42 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 19:58:42 INFO: nxt.apiServerPort = "7876"
2015-01-11 19:58:42 FINE: Sending request to server: http://localhost:7876/nxt?r
equestType=getMintingTarget&currency=7035962084481354251&units=10000&account=NXT
-QTCA-67EQ-VCBL-EUTZD
2015-01-11 19:58:42 INFO: nxt.mint.initialNonce = "0"
2015-01-11 19:58:42 INFO: nxt.mint.threadPoolSize = "1"
2015-01-11 19:58:42 INFO: Mint worker started

A question
Can i forging nxt and mining elems at the same time?
Or i have more chance to mine block if i'm not forging?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 07:35:21 pm
Yeahh i think it works, thanks!

Quote
Initializing Nxt server version 1.4.7.1
2015-01-11 19:58:41 INFO: nxt.enableStackTraces = "true"
2015-01-11 19:58:42 INFO: nxt.enableLogTraceback = "false"
2015-01-11 19:58:42 INFO: logging enabled
2015-01-11 19:58:42 INFO: nxt.mint.currencyCode = "ELEMS"
2015-01-11 19:58:42 INFO: nxt.mint.secretPhrase = "my nxt passphrase"
'(-Þ_þÓ)=,;:!"
2015-01-11 19:58:42 INFO: nxt.mint.isSubmitted = "true"
2015-01-11 19:58:42 INFO: nxt.maxRollback = "1440"
2015-01-11 19:58:42 INFO: nxt.isTestnet = "false"
2015-01-11 19:58:42 INFO: nxt.isOffline = "false"
2015-01-11 19:58:42 INFO: nxt.trimDerivedTables = "true"
2015-01-11 19:58:42 INFO: nxt.numberOfForkConfirmations = "5"
2015-01-11 19:58:42 INFO: nxt.disableGetMoreBlocksThread not defined, assuming f
alse
2015-01-11 19:58:42 INFO: nxt.dbCacheKB = "0"
2015-01-11 19:58:42 INFO: nxt.dbUrl = "jdbc:h2:nxt_db/nxt;DB_CLOSE_ON_EXIT=FALSE
;MVCC=TRUE"
2015-01-11 19:58:42 INFO: nxt.maxDbConnections = "30"
2015-01-11 19:58:42 INFO: nxt.dbLoginTimeout = "70"
2015-01-11 19:58:42 INFO: nxt.dbDefaultLockTimeout = "60"
2015-01-11 19:58:42 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 19:58:42 INFO: nxt.apiServerPort = "7876"
2015-01-11 19:58:42 FINE: Sending request to server: http://localhost:7876/nxt?c
ode=ELEMS&requestType=getCurrency
2015-01-11 19:58:42 INFO: nxt.mint.unitsPerMint = "1"
2015-01-11 19:58:42 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 19:58:42 INFO: nxt.apiServerPort = "7876"
2015-01-11 19:58:42 FINE: Sending request to server: http://localhost:7876/nxt?r
equestType=getMintingTarget&currency=7035962084481354251&units=10000&account=NXT
-QTCA-67EQ-VCBL-EUTZD
2015-01-11 19:58:42 INFO: nxt.mint.initialNonce = "0"
2015-01-11 19:58:42 INFO: nxt.mint.threadPoolSize = "1"
2015-01-11 19:58:42 INFO: Mint worker started

A question
Can i forging nxt and mining elems at the same time?
Or i have more chance to mine block if i'm not forging?

I think there is no problem to do both at the same time. Can someone please confirm this to be 100% sure?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 07:40:02 pm
Yeahh i think it works, thanks!

Quote
Initializing Nxt server version 1.4.7.1
2015-01-11 19:58:41 INFO: nxt.enableStackTraces = "true"
2015-01-11 19:58:42 INFO: nxt.enableLogTraceback = "false"
2015-01-11 19:58:42 INFO: logging enabled
2015-01-11 19:58:42 INFO: nxt.mint.currencyCode = "ELEMS"
2015-01-11 19:58:42 INFO: nxt.mint.secretPhrase = "my nxt passphrase"
'(-Þ_þÓ)=,;:!"
2015-01-11 19:58:42 INFO: nxt.mint.isSubmitted = "true"
2015-01-11 19:58:42 INFO: nxt.maxRollback = "1440"
2015-01-11 19:58:42 INFO: nxt.isTestnet = "false"
2015-01-11 19:58:42 INFO: nxt.isOffline = "false"
2015-01-11 19:58:42 INFO: nxt.trimDerivedTables = "true"
2015-01-11 19:58:42 INFO: nxt.numberOfForkConfirmations = "5"
2015-01-11 19:58:42 INFO: nxt.disableGetMoreBlocksThread not defined, assuming f
alse
2015-01-11 19:58:42 INFO: nxt.dbCacheKB = "0"
2015-01-11 19:58:42 INFO: nxt.dbUrl = "jdbc:h2:nxt_db/nxt;DB_CLOSE_ON_EXIT=FALSE
;MVCC=TRUE"
2015-01-11 19:58:42 INFO: nxt.maxDbConnections = "30"
2015-01-11 19:58:42 INFO: nxt.dbLoginTimeout = "70"
2015-01-11 19:58:42 INFO: nxt.dbDefaultLockTimeout = "60"
2015-01-11 19:58:42 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 19:58:42 INFO: nxt.apiServerPort = "7876"
2015-01-11 19:58:42 FINE: Sending request to server: http://localhost:7876/nxt?c
ode=ELEMS&requestType=getCurrency
2015-01-11 19:58:42 INFO: nxt.mint.unitsPerMint = "1"
2015-01-11 19:58:42 INFO: nxt.mint.serverAddress = "localhost"
2015-01-11 19:58:42 INFO: nxt.apiServerPort = "7876"
2015-01-11 19:58:42 FINE: Sending request to server: http://localhost:7876/nxt?r
equestType=getMintingTarget&currency=7035962084481354251&units=10000&account=NXT
-QTCA-67EQ-VCBL-EUTZD
2015-01-11 19:58:42 INFO: nxt.mint.initialNonce = "0"
2015-01-11 19:58:42 INFO: nxt.mint.threadPoolSize = "1"
2015-01-11 19:58:42 INFO: Mint worker started

A question
Can i forging nxt and mining elems at the same time?
Or i have more chance to mine block if i'm not forging?

I think there is no problem to do both at the same time. Can someone please confirm this to be 100% sure?

I don't think there is a problem. Only if your Effective balance becomes 0 as a result of a mint then that would cause you to lose ability to forge for the 1440 blocks or so.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Djinou94 on January 11, 2015, 08:45:03 pm
Hum ok thank you
Btw no logo yet?  :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Riker on January 11, 2015, 08:52:12 pm
I think there is no problem to do both at the same time. Can someone please confirm this to be 100% sure?

Confirmed, explanation:
Forging is a server side action, you tell your node to start forging and it will continue to forge as long as its running even if no client browser is attached.
Minting executed by the MintWorker is a client side utility. It queries your node for information and then tries to solve the hash without any interface with the server node. Only once a hash is solved it submits a single transaction to the server.
Therefore minting while forging is exactly the same as sending a payment while forging and of course its supported as long as you don't spend all your NXT as minting fees.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 09:01:48 pm
I think there is no problem to do both at the same time. Can someone please confirm this to be 100% sure?

Confirmed, explanation:
Forging is a server side action, you tell your node to start forging and it will continue to forge as long as its running even if no client browser is attached.
Minting executed by the MintWorker is a client side utility. It queries your node for information and then tries to solve the hash without any interface with the server node. Only once a hash is solved it submits a single transaction to the server.
Therefore minting while forging is exactly the same as sending a payment while forging and of course its supported as long as you don't spend all your NXT as minting fees.

Thank you lyaffe for the explanation. Do you know also if the development team tries to resolve the threadpoolsize problem for the Scrypt algo?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 09:26:03 pm
Hum ok thank you
Btw no logo yet?  :)

We are working on it :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 09:37:48 pm
New Update : BitcoinTalk Announcement Post Live:  https://bitcointalk.org/index.php?topic=921194.new#new
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 09:43:54 pm
New Update : BitcoinTalk Announcement Post Live:  https://bitcointalk.org/index.php?topic=921194.new#new

nice :)

just prepare for the flack and FUD, etc. ;)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 09:54:48 pm
New Update : BitcoinTalk Announcement Post Live:  https://bitcointalk.org/index.php?topic=921194.new#new

nice :)

just prepare for the flack and FUD, etc. ;)

Yes I know! Not the most friendly community... :)

Any publicity is good for the coin at this stage. We will try to use a lot of different source and ways to advertise the coin.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 11, 2015, 09:57:26 pm
new NRS to fix Currency Search features, Scrypt stuff, etc.

https://nxtforum.org/nrs-releases/nrs-v1-4-8/
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 11, 2015, 10:01:42 pm
new NRS to fix Currency Search features, Scrypt stuff, etc.

https://nxtforum.org/nrs-releases/nrs-v1-4-8/

Thank you! Update Added!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: jefdiesel on January 12, 2015, 02:26:34 am
trying for
nxt.mint.unitsPerMint=4


2015-01-11 20:44:27 INFO: pool-1-thread-1 computed 1 [MH]
2015-01-11 20:49:58 INFO: pool-1-thread-1 computed 2 [MH]
2015-01-11 20:55:27 INFO: pool-1-thread-1 computed 3 [MH]
2015-01-11 21:00:59 INFO: pool-1-thread-1 computed 4 [MH]
2015-01-11 21:06:33 INFO: pool-1-thread-1 computed 5 [MH]
2015-01-11 21:12:05 INFO: pool-1-thread-1 computed 6 [MH]
2015-01-11 21:17:36 INFO: pool-1-thread-1 computed 7 [MH]
2015-01-11 21:23:10 INFO: pool-1-thread-1 computed 8 [MH]

I hit on 1 and 2 units per mint.. we'll see
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Sun on January 12, 2015, 05:55:11 am
Promotional Offer update added!

Quote
Promotional Update: In order to start minting a coin you need to have nxt in your wallet account. The Elements team will help new users to be part of our community by sending a small amount of nxt to any new user that wants to start minting. Please post here your account number and your public key.


NXT-DHXV-NAAQ-24B8-FE79X   
Public key: 1edbc62965e8c6ec71f05fe08bd4021d4b95ff875d3df2183ab0039632cc7057

Thanks!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 12, 2015, 08:33:50 am
Promotional Offer update added!

Quote
Promotional Update: In order to start minting a coin you need to have nxt in your wallet account. The Elements team will help new users to be part of our community by sending a small amount of nxt to any new user that wants to start minting. Please post here your account number and your public key.


NXT-DHXV-NAAQ-24B8-FE79X   
Public key: 1edbc62965e8c6ec71f05fe08bd4021d4b95ff875d3df2183ab0039632cc7057

Thanks!

15nxt just sent to experiment with minting! :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Sun on January 12, 2015, 09:10:03 am
Promotional Offer update added!

Quote
Promotional Update: In order to start minting a coin you need to have nxt in your wallet account. The Elements team will help new users to be part of our community by sending a small amount of nxt to any new user that wants to start minting. Please post here your account number and your public key.


NXT-DHXV-NAAQ-24B8-FE79X   
Public key: 1edbc62965e8c6ec71f05fe08bd4021d4b95ff875d3df2183ab0039632cc7057

Thanks!

15nxt just sent to experiment with minting! :)

Thanks!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: wallyx on January 12, 2015, 12:19:36 pm
NXT-MC9F-AQYY-BGTL-7DPRF
e757c78d2fcf90d0ce2d2c88acc9a0a1760abd23f076b3ae8011c07d3773e75e
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: z38630610 on January 12, 2015, 01:10:51 pm
NXT-WQLF-GRME-LPBY-67H89
5b3506bd0fa4572bf969f46d11e6018d313d8d3918ad38e8c566da89c5473273
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 12, 2015, 01:50:56 pm
NXT-MC9F-AQYY-BGTL-7DPRF
e757c78d2fcf90d0ce2d2c88acc9a0a1760abd23f076b3ae8011c07d3773e75e

I don't have access to my main nxt account (I am at work), so only 10nxt for you now...

Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 12, 2015, 01:51:14 pm
NXT-WQLF-GRME-LPBY-67H89
5b3506bd0fa4572bf969f46d11e6018d313d8d3918ad38e8c566da89c5473273

I don't have access to my main nxt account (I am at work), so only 10nxt for you now...

Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: jefdiesel on January 12, 2015, 02:16:35 pm
So interesting.. set my units to 4 and let it run.

Pushed hashes at an even 5 minutes, for 35 blocks but didnt report any full hashes.

I shut it down when i went to sleep. and this morning restarted mine.sh and my ELEMS balance in my account lept from 3 to 11.
Still no report of full hashes in the terminal.

Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: ropyu1978 on January 12, 2015, 02:40:15 pm
NXT-2AZQ-C674-JNZ2-EHG9N

22d2a59eda4b4d3fa7f5f53d53a417b68d6152f3f64c8f58857a14299591c263
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: farl4bit on January 12, 2015, 03:17:14 pm
Security
For all MS currencies while miinting the passphrase of the minting account is sent to the host. It is strongly advised to mint from an account that has a low ballance of nxt.
I have one computer with by biggest account forging all the time. Is it safe to start minting from that account, but using the secret passphrase of another (minting) account in the minting preferences?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: majoh on January 12, 2015, 05:16:41 pm
NXT-PMRG-R9XQ-NE5W-28D63

b6754a58647941cd714cea25db228f7f5421872d1ea91e6830f7a6f8fc48da03
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: jnsptrsn on January 12, 2015, 05:25:36 pm
Security
For all MS currencies while miinting the passphrase of the minting account is sent to the host. It is strongly advised to mint from an account that has a low ballance of nxt.
I have one computer with by biggest account forging all the time. Is it safe to start minting from that account, but using the secret passphrase of another (minting) account in the minting preferences?

If I understand you correct you are forging with one account and minting with another account, both using the same NRS instance. That is perfectly fine.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 12, 2015, 05:26:52 pm
NXT-2AZQ-C674-JNZ2-EHG9N

22d2a59eda4b4d3fa7f5f53d53a417b68d6152f3f64c8f58857a14299591c263

10nxt just sent. Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 12, 2015, 05:32:26 pm
NXT-PMRG-R9XQ-NE5W-28D63

b6754a58647941cd714cea25db228f7f5421872d1ea91e6830f7a6f8fc48da03

10nxt just sent to you. Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: farl4bit on January 12, 2015, 06:10:08 pm
Security
For all MS currencies while miinting the passphrase of the minting account is sent to the host. It is strongly advised to mint from an account that has a low ballance of nxt.
I have one computer with by biggest account forging all the time. Is it safe to start minting from that account, but using the secret passphrase of another (minting) account in the minting preferences?

If I understand you correct you are forging with one account and minting with another account, both using the same NRS instance. That is perfectly fine.
Yes, I am logged in with my forging account. But I am using a secret passphrase from another account in the Minting preferences.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: cexylikepie on January 12, 2015, 06:24:03 pm
It is not letting me mint at all
my nxt properties config is
#### MINT ####

# Address of the NXT server to which the mint worker submits its transactions (default: localhost).
nxt.mint.serverAddress=localhost

# Use Https when connecting to the server. Note that mint worker accepts any SSL certificate as
# valid, without checking hostname or certificate authority, therefore this will not protect
# you against a man-in-the-middle attack when submitting mint transactions.
nxt.mint.useHttps=false

# Specify a mintable currency code.
nxt.mint.currencyCode=ELEMS

# Secret phrase for the minting account, this secret phrase is sent to the host specified by
# nxt.mint.serverAddress therefore do not specify secret phrase of an account with lots of funds.
nxt.mint.secretPhrase=mysecretphrase

# Number of units to mint per transaction
# The minting difficulty grows linearly with the number of units per mint.
nxt.mint.unitsPerMint=1

# The initial nonce used for minting
# Set to 0 to start with a random nonce.
nxt.mint.initialNonce=0

# Number of concurrency threads used for minting
# Set to 0 allocate one thread per processor core.
nxt.mint.threadPoolSize=1

# When set to false mint transactions are not submitted when a hash is solved.
# Set this value to true to perform actual minting.
nxt.mint.isSubmitted=true


when i try to open mint.bat i get
 'java.exe' is not recognized as an internal or external command,
operable program or batch file.
Press any key to continue . . .
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 12, 2015, 07:25:29 pm
It is not letting me mint at all
my nxt properties config is
#### MINT ####

# Address of the NXT server to which the mint worker submits its transactions (default: localhost).
nxt.mint.serverAddress=localhost

# Use Https when connecting to the server. Note that mint worker accepts any SSL certificate as
# valid, without checking hostname or certificate authority, therefore this will not protect
# you against a man-in-the-middle attack when submitting mint transactions.
nxt.mint.useHttps=false

# Specify a mintable currency code.
nxt.mint.currencyCode=ELEMS

# Secret phrase for the minting account, this secret phrase is sent to the host specified by
# nxt.mint.serverAddress therefore do not specify secret phrase of an account with lots of funds.
nxt.mint.secretPhrase=mysecretphrase

# Number of units to mint per transaction
# The minting difficulty grows linearly with the number of units per mint.
nxt.mint.unitsPerMint=1

# The initial nonce used for minting
# Set to 0 to start with a random nonce.
nxt.mint.initialNonce=0

# Number of concurrency threads used for minting
# Set to 0 allocate one thread per processor core.
nxt.mint.threadPoolSize=1

# When set to false mint transactions are not submitted when a hash is solved.
# Set this value to true to perform actual minting.
nxt.mint.isSubmitted=true


when i try to open mint.bat i get
 'java.exe' is not recognized as an internal or external command,
operable program or batch file.
Press any key to continue . . .

Do you have Java install in your computer. If not  download it from here:https://java.com/en/download/
If you already have java, then could be a wrong path?

mint.bat file has inside these commands:

Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker

So I suppose something is wrong with java.exe. Either not install or not in the right path.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Britannia on January 12, 2015, 07:33:52 pm
NXT-46UA-CPJQ-W24Y-4V4YZ
34c6964f639a9ea3400c02d7284502d997ec923334a312f201a6062148662a50
Thanks!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 12, 2015, 08:29:48 pm
NXT-46UA-CPJQ-W24Y-4V4YZ
34c6964f639a9ea3400c02d7284502d997ec923334a312f201a6062148662a50
Thanks!

10nxt just sent. Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: cexylikepie on January 12, 2015, 08:42:13 pm
It is not letting me mint at all
my nxt properties config is
#### MINT ####

# Address of the NXT server to which the mint worker submits its transactions (default: localhost).
nxt.mint.serverAddress=localhost

# Use Https when connecting to the server. Note that mint worker accepts any SSL certificate as
# valid, without checking hostname or certificate authority, therefore this will not protect
# you against a man-in-the-middle attack when submitting mint transactions.
nxt.mint.useHttps=false

# Specify a mintable currency code.
nxt.mint.currencyCode=ELEMS

# Secret phrase for the minting account, this secret phrase is sent to the host specified by
# nxt.mint.serverAddress therefore do not specify secret phrase of an account with lots of funds.
nxt.mint.secretPhrase=mysecretphrase

# Number of units to mint per transaction
# The minting difficulty grows linearly with the number of units per mint.
nxt.mint.unitsPerMint=1

# The initial nonce used for minting
# Set to 0 to start with a random nonce.
nxt.mint.initialNonce=0

# Number of concurrency threads used for minting
# Set to 0 allocate one thread per processor core.
nxt.mint.threadPoolSize=1

# When set to false mint transactions are not submitted when a hash is solved.
# Set this value to true to perform actual minting.
nxt.mint.isSubmitted=true


when i try to open mint.bat i get
 'java.exe' is not recognized as an internal or external command,
operable program or batch file.
Press any key to continue . . .

Do you have Java install in your computer. If not  download it from here:https://java.com/en/download/
If you already have java, then could be a wrong path?

mint.bat file has inside these commands:

Code: [Select]
@ECHO OFF
java.exe -cp classes;lib\*;conf nxt.mint.MintWorker

So I suppose something is wrong with java.exe. Either not install or not in the right path.

blackyblack on the supernet slack helped me out. changed it to a different code. thanks!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wopin on January 12, 2015, 08:52:01 pm
Hello, this is my first time here. Please send me some nxt to start minting.

NXT-YE2G-BJQM-9DMS-4WF6K
da5cfcbeab00f62cff0e19ea9e30728e51eb9c790f45ebc78815ecd882313a6c

Thankyou
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 12, 2015, 08:59:54 pm
Hello, this is my first time here. Please send me some nxt to start minting.

NXT-YE2G-BJQM-9DMS-4WF6K
da5cfcbeab00f62cff0e19ea9e30728e51eb9c790f45ebc78815ecd882313a6c

Thankyou

10nxt just sent. Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Furia on January 12, 2015, 09:11:30 pm
 NXT-5MAM-ES58-STGR-979DF
d6089ca7d9f5c1d81f3dee1ec6277e69763942baf130301a7e37f9d4b2e80e11

Muchas Gracias
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 12, 2015, 09:13:41 pm
NXT-5MAM-ES58-STGR-979DF
d6089ca7d9f5c1d81f3dee1ec6277e69763942baf130301a7e37f9d4b2e80e11

Muchas Gracias

10nxt sent. Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: 794259332 on January 13, 2015, 02:21:22 am
NXT-8DEL-PBKE-9JBW-AULA2

53134bb8e7fc207656802761756cf8e15c3fdfbbabf1a6170197b04453a3a05d

thank you!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Djinou94 on January 13, 2015, 02:36:48 am
What is the best config please?

I minted with nxt.mint.unitsPerMint=5 and got 0 coin today  :-[
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 13, 2015, 02:51:46 am
What is the best config please?

I minted with nxt.mint.unitsPerMint=5 and got 0 coin today  :-[

try increase your nxt.mint.threadPoolSize to something like 0. Or decrease the unitsPerMint to lower (if you haven't done it already). I've had times where it took hours just for 1 or 2 ELEMS.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: n3lz0n on January 13, 2015, 04:53:48 am
Account:
NXT-F99H-68GD-KJNG-2D5N5

Public key: a75d2d9b2ed94ec33b4caa540fff29e35e58273738d13add863f99e378c1871d


thanks!!! :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: JGalt on January 13, 2015, 06:55:08 am
Hrmmm, Getting this error.

"Initializing Nxt server version 1.4.8
2015-01-13 00:50:48 INFO: nxt.enableStackTraces = "true"
2015-01-13 00:50:48 INFO: nxt.enableLogTraceback = "false"
2015-01-13 00:50:48 INFO: logging enabled
2015-01-13 00:50:48 INFO: nxt.mint.currencyCode = "ELEMS"
2015-01-13 00:50:48 INFO: nxt.mint.secretPhrase = "(EDIT DELETED GESUS CRIST ALMOST LOST SOME NXT"
2015-01-13 00:50:48 INFO: nxt.mint.isSubmitted = "true"
2015-01-13 00:50:48 INFO: nxt.maxRollback = "1440"
2015-01-13 00:50:48 INFO: nxt.isTestnet = "false"
2015-01-13 00:50:48 INFO: nxt.isOffline = "false"
2015-01-13 00:50:48 INFO: nxt.trimDerivedTables = "true"
2015-01-13 00:50:48 INFO: nxt.numberOfForkConfirmations = "5"
2015-01-13 00:50:48 INFO: nxt.disableGetMoreBlocksThread not defined, assuming false
2015-01-13 00:50:48 INFO: nxt.dbCacheKB = "0"
2015-01-13 00:50:48 INFO: nxt.dbUrl = "jdbc:h2:nxt_db/nxt;DB_CLOSE_ON_EXIT=FALSE;MVCC=TRUE"
2015-01-13 00:50:48 INFO: nxt.maxDbConnections = "30"
2015-01-13 00:50:48 INFO: nxt.dbLoginTimeout = "70"
2015-01-13 00:50:48 INFO: nxt.dbDefaultLockTimeout = "60"
2015-01-13 00:50:48 INFO: nxt.mint.serverAddress = "localhost"
2015-01-13 00:50:48 INFO: nxt.mint.useHttps = "false"
2015-01-13 00:50:48 INFO: nxt.apiServerPort = "7876"
2015-01-13 00:50:48 FINE: Sending request to server: http://localhost:7876/nxt?requestType=getCurrency&code=ELEMS
2015-01-13 00:50:48 INFO: Error connecting to server
java.net.ConnectException: Connection refused
   at java.net.PlainSocketImpl.socketConnect(Native Method)
   at java.net.AbstractPlainSocketImpl.doConnect(AbstractPlainSocketImpl.java:339)
   at java.net.AbstractPlainSocketImpl.connectToAddress(AbstractPlainSocketImpl.java:200)
   at java.net.AbstractPlainSocketImpl.connect(AbstractPlainSocketImpl.java:182)
   at java.net.SocksSocketImpl.connect(SocksSocketImpl.java:392)
   at java.net.Socket.connect(Socket.java:579)
   at java.net.Socket.connect(Socket.java:528)
   at sun.net.NetworkClient.doConnect(NetworkClient.java:180)
   at sun.net.www.http.HttpClient.openServer(HttpClient.java:432)
   at sun.net.www.http.HttpClient.openServer(HttpClient.java:527)
   at sun.net.www.http.HttpClient.<init>(HttpClient.java:211)
   at sun.net.www.http.HttpClient.New(HttpClient.java:308)
   at sun.net.www.http.HttpClient.New(HttpClient.java:326)
   at sun.net.www.protocol.http.HttpURLConnection.getNewHttpClient(HttpURLConnection.java:996)
   at sun.net.www.protocol.http.HttpURLConnection.plainConnect(HttpURLConnection.java:932)
   at sun.net.www.protocol.http.HttpURLConnection.connect(HttpURLConnection.java:850)
   at sun.net.www.protocol.http.HttpURLConnection.getInputStream(HttpURLConnection.java:1300)
   at java.net.HttpURLConnection.getResponseCode(HttpURLConnection.java:468)
   at nxt.mint.MintWorker.getJsonResponse(MintWorker.java:254)
   at nxt.mint.MintWorker.getCurrency(MintWorker.java:211)
   at nxt.mint.MintWorker.mint(MintWorker.java:105)
   at nxt.mint.MintWorker.main(MintWorker.java:90)
Exception in thread "main" java.lang.IllegalStateException: java.net.ConnectException: Connection refused
   at nxt.mint.MintWorker.getJsonResponse(MintWorker.java:266)
   at nxt.mint.MintWorker.getCurrency(MintWorker.java:211)
   at nxt.mint.MintWorker.mint(MintWorker.java:105)
   at nxt.mint.MintWorker.main(MintWorker.java:90)
Caused by: java.net.ConnectException: Connection refused
   at java.net.PlainSocketImpl.socketConnect(Native Method)
   at java.net.AbstractPlainSocketImpl.doConnect(AbstractPlainSocketImpl.java:339)
   at java.net.AbstractPlainSocketImpl.connectToAddress(AbstractPlainSocketImpl.java:200)
   at java.net.AbstractPlainSocketImpl.connect(AbstractPlainSocketImpl.java:182)
   at java.net.SocksSocketImpl.connect(SocksSocketImpl.java:392)
   at java.net.Socket.connect(Socket.java:579)
   at java.net.Socket.connect(Socket.java:528)
   at sun.net.NetworkClient.doConnect(NetworkClient.java:180)
   at sun.net.www.http.HttpClient.openServer(HttpClient.java:432)
   at sun.net.www.http.HttpClient.openServer(HttpClient.java:527)
   at sun.net.www.http.HttpClient.<init>(HttpClient.java:211)
   at sun.net.www.http.HttpClient.New(HttpClient.java:308)
   at sun.net.www.http.HttpClient.New(HttpClient.java:326)
   at sun.net.www.protocol.http.HttpURLConnection.getNewHttpClient(HttpURLConnection.java:996)
   at sun.net.www.protocol.http.HttpURLConnection.plainConnect(HttpURLConnection.java:932)
   at sun.net.www.protocol.http.HttpURLConnection.connect(HttpURLConnection.java:850)
   at sun.net.www.protocol.http.HttpURLConnection.getInputStream(HttpURLConnection.java:1300)
   at java.net.HttpURLConnection.getResponseCode(HttpURLConnection.java:468)
   at nxt.mint.MintWorker.getJsonResponse(MintWorker.java:254)
   ... 3 more
"
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 13, 2015, 06:58:47 am
Hrmmm, Getting this error.

"Initializing Nxt server version 1.4.8
2015-01-13 00:50:48 INFO: nxt.enableStackTraces = "true"
2015-01-13 00:50:48 INFO: nxt.enableLogTraceback = "false"
2015-01-13 00:50:48 INFO: logging enabled
2015-01-13 00:50:48 INFO: nxt.mint.currencyCode = "ELEMS"
2015-01-13 00:50:48 INFO: nxt.mint.secretPhrase = [ps]...
2015-01-13 00:50:48 INFO: nxt.mint.isSubmitted = "true"
2015-01-13 00:50:48 INFO: nxt.maxRollback = "1440"
2015-01-13 00:50:48 INFO: nxt.isTestnet = "false"
2015-01-13 00:50:48 INFO: nxt.isOffline = "false"
2015-01-13 00:50:48 INFO: nxt.trimDerivedTables = "true"
2015-01-13 00:50:48 INFO: nxt.numberOfForkConfirmations = "5"
2015-01-13 00:50:48 INFO: nxt.disableGetMoreBlocksThread not defined, assuming false
2015-01-13 00:50:48 INFO: nxt.dbCacheKB = "0"
2015-01-13 00:50:48 INFO: nxt.dbUrl = "jdbc:h2:nxt_db/nxt;DB_CLOSE_ON_EXIT=FALSE;MVCC=TRUE"
2015-01-13 00:50:48 INFO: nxt.maxDbConnections = "30"
2015-01-13 00:50:48 INFO: nxt.dbLoginTimeout = "70"
2015-01-13 00:50:48 INFO: nxt.dbDefaultLockTimeout = "60"
2015-01-13 00:50:48 INFO: nxt.mint.serverAddress = "localhost"
2015-01-13 00:50:48 INFO: nxt.mint.useHttps = "false"
2015-01-13 00:50:48 INFO: nxt.apiServerPort = "7876"
2015-01-13 00:50:48 FINE: Sending request to server: http://localhost:7876/nxt?requestType=getCurrency&code=ELEMS
2015-01-13 00:50:48 INFO: Error connecting to server
java.net.ConnectException: Connection refused
   at java.net.PlainSocketImpl.socketConnect(Native Method)
   at java.net.AbstractPlainSocketImpl.doConnect(AbstractPlainSocketImpl.java:339)
   at java.net.AbstractPlainSocketImpl.connectToAddress(AbstractPlainSocketImpl.java:200)
   at java.net.AbstractPlainSocketImpl.connect(AbstractPlainSocketImpl.java:182)
   at java.net.SocksSocketImpl.connect(SocksSocketImpl.java:392)
   at java.net.Socket.connect(Socket.java:579)
   at java.net.Socket.connect(Socket.java:528)
   at sun.net.NetworkClient.doConnect(NetworkClient.java:180)
   at sun.net.www.http.HttpClient.openServer(HttpClient.java:432)
   at sun.net.www.http.HttpClient.openServer(HttpClient.java:527)
   at sun.net.www.http.HttpClient.<init>(HttpClient.java:211)
   at sun.net.www.http.HttpClient.New(HttpClient.java:308)
   at sun.net.www.http.HttpClient.New(HttpClient.java:326)
   at sun.net.www.protocol.http.HttpURLConnection.getNewHttpClient(HttpURLConnection.java:996)
   at sun.net.www.protocol.http.HttpURLConnection.plainConnect(HttpURLConnection.java:932)
   at sun.net.www.protocol.http.HttpURLConnection.connect(HttpURLConnection.java:850)
   at sun.net.www.protocol.http.HttpURLConnection.getInputStream(HttpURLConnection.java:1300)
   at java.net.HttpURLConnection.getResponseCode(HttpURLConnection.java:468)
   at nxt.mint.MintWorker.getJsonResponse(MintWorker.java:254)
   at nxt.mint.MintWorker.getCurrency(MintWorker.java:211)
   at nxt.mint.MintWorker.mint(MintWorker.java:105)
   at nxt.mint.MintWorker.main(MintWorker.java:90)
Exception in thread "main" java.lang.IllegalStateException: java.net.ConnectException: Connection refused
   at nxt.mint.MintWorker.getJsonResponse(MintWorker.java:266)
   at nxt.mint.MintWorker.getCurrency(MintWorker.java:211)
   at nxt.mint.MintWorker.mint(MintWorker.java:105)
   at nxt.mint.MintWorker.main(MintWorker.java:90)
Caused by: java.net.ConnectException: Connection refused
   at java.net.PlainSocketImpl.socketConnect(Native Method)
   at java.net.AbstractPlainSocketImpl.doConnect(AbstractPlainSocketImpl.java:339)
   at java.net.AbstractPlainSocketImpl.connectToAddress(AbstractPlainSocketImpl.java:200)
   at java.net.AbstractPlainSocketImpl.connect(AbstractPlainSocketImpl.java:182)
   at java.net.SocksSocketImpl.connect(SocksSocketImpl.java:392)
   at java.net.Socket.connect(Socket.java:579)
   at java.net.Socket.connect(Socket.java:528)
   at sun.net.NetworkClient.doConnect(NetworkClient.java:180)
   at sun.net.www.http.HttpClient.openServer(HttpClient.java:432)
   at sun.net.www.http.HttpClient.openServer(HttpClient.java:527)
   at sun.net.www.http.HttpClient.<init>(HttpClient.java:211)
   at sun.net.www.http.HttpClient.New(HttpClient.java:308)
   at sun.net.www.http.HttpClient.New(HttpClient.java:326)
   at sun.net.www.protocol.http.HttpURLConnection.getNewHttpClient(HttpURLConnection.java:996)
   at sun.net.www.protocol.http.HttpURLConnection.plainConnect(HttpURLConnection.java:932)
   at sun.net.www.protocol.http.HttpURLConnection.connect(HttpURLConnection.java:850)
   at sun.net.www.protocol.http.HttpURLConnection.getInputStream(HttpURLConnection.java:1300)
   at java.net.HttpURLConnection.getResponseCode(HttpURLConnection.java:468)
   at nxt.mint.MintWorker.getJsonResponse(MintWorker.java:254)
   ... 3 more
"

remove your passphrase...

I would suggest you transfer everything to a new account.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: guigui371 on January 13, 2015, 07:05:23 am
Hello
i "stole" the 500 nxt before anyone else could do it

I will give it back if you give me a new NXT account

I did it to protect you from someone not as nice as me....

PM me a new account and you'll get back your 500 nxt

regards
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: JGalt on January 13, 2015, 07:26:05 am
Hello
i "stole" the 500 nxt before anyone else could do it

I will give it back if you give me a new NXT account

I did it to protect you from someone not as nice as me....

PM me a new account and you'll get back your 500 nxt

regards

Thank you! LOL. :/ that might become a problem. Just noticed that and was about to delete it.

You can send them here.

NXT-UWQK-YZ7T-GDS6-GMW8P
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: JGalt on January 13, 2015, 07:39:44 am
Ok, error fixed. I was Opal Client not letting me connect for some reason. Closed Opal and it worked.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: guigui371 on January 13, 2015, 08:09:04 am
Hello
i "stole" the 500 nxt before anyone else could do it

I will give it back if you give me a new NXT account

I did it to protect you from someone not as nice as me....

PM me a new account and you'll get back your 500 nxt

regards

Thank you! LOL. :/ that might become a problem. Just noticed that and was about to delete it.

You can send them here.

NXT-UWQK-YZ7T-GDS6-GMW8P

497 sent back (fees sorry)

TX = 6802392023846505511

Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: OrgiOrg on January 13, 2015, 08:17:44 am
nice one @guigui371!!!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: guigui371 on January 13, 2015, 08:30:13 am
nice one @guigui371!!!

it's alright
luckily for him it was only 500 nxt and i was the first  one.
let's hope no one does the same mistake and get less lucky :(
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Tosch110 on January 13, 2015, 09:01:20 am
nice one @guigui371!!!

it's alright
luckily for him it was only 500 nxt and i was the first  one.
let's hope no one does the same mistake and get less lucky :(

People should not using big accounts for forging, the passphrase of those accounts is written in plain text. So just use small accs for mining
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: farl4bit on January 13, 2015, 09:29:47 am
nice one @guigui371!!!

it's alright
luckily for him it was only 500 nxt and i was the first  one.
let's hope no one does the same mistake and get less lucky :(

People should not using big accounts for forging, the passphrase of those accounts is written in plain text. So just use small accs for mining

Correct!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 13, 2015, 11:11:26 am
NXT-8DEL-PBKE-9JBW-AULA2

53134bb8e7fc207656802761756cf8e15c3fdfbbabf1a6170197b04453a3a05d

thank you!

10nxt sent. Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Nayto1 on January 13, 2015, 11:21:07 am
Hello, Please send me some nxt to start minting.
 NXT-K7GY-8XDK-RBPH-EAG6F

301c9b562641b42fc6b892ef9b891c4e6b7b1e35fd48f7ac30b97adf1d0eb61b

Thankyou
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Djinou94 on January 13, 2015, 12:17:16 pm
What is the best config please?

I minted with nxt.mint.unitsPerMint=5 and got 0 coin today  :-[

try increase your nxt.mint.threadPoolSize to something like 0. Or decrease the unitsPerMint to lower (if you haven't done it already). I've had times where it took hours just for 1 or 2 ELEMS.

Ok i will try with 0 poolsize

Hello
i "stole" the 500 nxt before anyone else could do it

I will give it back if you give me a new NXT account

I did it to protect you from someone not as nice as me....

PM me a new account and you'll get back your 500 nxt

regards

Good karma  ;D
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 13, 2015, 12:29:26 pm
Account:
NXT-F99H-68GD-KJNG-2D5N5

Public key: a75d2d9b2ed94ec33b4caa540fff29e35e58273738d13add863f99e378c1871d


thanks!!! :)

10nxt just sent. Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 13, 2015, 12:44:06 pm
Hello
i "stole" the 500 nxt before anyone else could do it

I will give it back if you give me a new NXT account

I did it to protect you from someone not as nice as me....

PM me a new account and you'll get back your 500 nxt

regards

Thank you guigui371 for protecting one member of our community. I saw that you don't own any ELEMS in your signature account. I  send you 2 ELEMS so you can be an active part of our community. :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 13, 2015, 12:45:51 pm
Hello, Please send me some nxt to start minting.
 NXT-K7GY-8XDK-RBPH-EAG6F

301c9b562641b42fc6b892ef9b891c4e6b7b1e35fd48f7ac30b97adf1d0eb61b

Thankyou

10nxt just sent. Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 13, 2015, 10:02:26 pm
Hi all,

I have create a guide about how to start minting MS coins. We want to make our announcement page more informative, so we think to add a FAQ and attach links to it. One of the links will be this guide. Please can you proof-check the guide because I am not native English speaker and my grammar is bad :)

The link here. Please if you don't understand something post your question here. Thank you.

https://docs.google.com/document/d/1_QdcrY1q6_n9J3NOcyoczGqELIeCy6S6zNG2Cj22bj8/edit?pli=1
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 14, 2015, 12:44:35 am
Hi all,

I have create a guide about how to start minting MS coins. We want to make our announcement page more informative, so we think to add a FAQ and attach links to it. One of the links will be this guide. Please can you proof-check the guide because I am not native English speaker and my grammar is bad :)

Please if you don't understand something post your question here. Thank you.

https://docs.google.com/document/d/1_QdcrY1q6_n9J3NOcyoczGqELIeCy6S6zNG2Cj22bj8/edit?pli=1
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: guigui371 on January 14, 2015, 02:28:39 am
Hello
i "stole" the 500 nxt before anyone else could do it

I will give it back if you give me a new NXT account

I did it to protect you from someone not as nice as me....

PM me a new account and you'll get back your 500 nxt

regards

Thank you guigui371 for protecting one member of our community. I saw that you don't own any ELEMS in your signature account. I  send you 2 ELEMS so you can be an active part of our community. :)

thanks bro :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Djinou94 on January 14, 2015, 04:09:24 am
Hi all,

I have create a guide about how to start minting MS coins. We want to make our announcement page more informative, so we think to add a FAQ and attach links to it. One of the links will be this guide. Please can you proof-check the guide because I am not native English speaker and my grammar is bad :)

Please if you don't understand something post your question here. Thank you.

https://docs.google.com/document/d/1_QdcrY1q6_n9J3NOcyoczGqELIeCy6S6zNG2Cj22bj8/edit?pli=1

The best dev is in this place!
Mint ELEMS !
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: swartzfeger on January 14, 2015, 05:06:18 am
Does anyone know why I don't see verbose logging in the terminal when I mint? (OS X Yosemite)

With every other coin, I see something like this when I begin minting --

INFO: pool-1-thread-3 computed 1 [MH]

With ELEMS, I only see

INFO: Mint worker started, and then eventually once I mint an ELEMS I'll see

FINE: pool-1-thread-2 found solution hash SCRYPT nonce etc etc


ELEMS is the only coin I've minted that does this.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: swartzfeger on January 14, 2015, 05:51:55 am
Here's something interesting. Check the timestamps:

2015-01-14 00:24:06 INFO: Mint worker started
2015-01-14 00:46:48 INFO: pool-1-thread-2 computed 1 [MH]
2015-01-14 00:46:48 INFO: pool-1-thread-1 computed 1 [MH]
2015-01-14 00:46:49 INFO: pool-1-thread-5 computed 1 [MH]
2015-01-14 00:46:49 INFO: pool-1-thread-7 computed 1 [MH]
2015-01-14 00:46:49 INFO: pool-1-thread-6 computed 1 [MH]
2015-01-14 00:46:50 INFO: pool-1-thread-3 computed 1 [MH]
2015-01-14 00:46:54 INFO: pool-1-thread-4 computed 1 [MH]
2015-01-14 00:47:12 INFO: pool-1-thread-8 computed 1 [MH]
 


Starts at :24, then out of the blue starts showing activity at :46, then stops at :47.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Riker on January 14, 2015, 06:49:45 am
Here's something interesting. Check the timestamps:

2015-01-14 00:24:06 INFO: Mint worker started
2015-01-14 00:46:48 INFO: pool-1-thread-2 computed 1 [MH]
2015-01-14 00:46:48 INFO: pool-1-thread-1 computed 1 [MH]
2015-01-14 00:46:49 INFO: pool-1-thread-5 computed 1 [MH]
2015-01-14 00:46:49 INFO: pool-1-thread-7 computed 1 [MH]
2015-01-14 00:46:49 INFO: pool-1-thread-6 computed 1 [MH]
2015-01-14 00:46:50 INFO: pool-1-thread-3 computed 1 [MH]
2015-01-14 00:46:54 INFO: pool-1-thread-4 computed 1 [MH]
2015-01-14 00:47:12 INFO: pool-1-thread-8 computed 1 [MH]
 


Starts at :24, then out of the blue starts showing activity at :46, then stops at :47.

Looks like some Java related phenomena like full GC taking place or git compiler kicking in.
There are tools to diagnose this if you are into it.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: OrgiOrg on January 14, 2015, 06:50:22 am
i thinks workes didn't stop ... they working! look at the cpu usage via task manager ... Minting ELEMS is not so easy like SILVR or something else
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: swartzfeger on January 14, 2015, 07:08:55 am
Looks like some Java related phenomena like full GC taking place or git compiler kicking in.
There are tools to diagnose this if you are into it.

Definitely into it, Lyaffe, thanks! I'll give it a try simply for curiosity's sake (and maybe it's bug related?)

Here's the latest, before I did the dreaded ctrl-z:


2015-01-14 00:49:40 FINE: Sending request to {snip}
2015-01-14 01:12:09 INFO: pool-1-thread-2 computed 1 [MH]
2015-01-14 01:12:09 INFO: pool-1-thread-3 computed 1 [MH]
2015-01-14 01:12:10 INFO: pool-1-thread-7 computed 1 [MH]
2015-01-14 01:12:10 INFO: pool-1-thread-5 computed 1 [MH]
2015-01-14 01:12:10 INFO: pool-1-thread-6 computed 1 [MH]
2015-01-14 01:12:11 INFO: pool-1-thread-4 computed 1 [MH]
2015-01-14 01:12:11 INFO: pool-1-thread-1 computed 1 [MH]
2015-01-14 01:12:39 INFO: pool-1-thread-8 computed 1 [MH]
2015-01-14 01:35:55 INFO: pool-1-thread-3 computed 2 [MH]
2015-01-14 01:35:55 INFO: pool-1-thread-2 computed 2 [MH]
2015-01-14 01:35:55 INFO: pool-1-thread-7 computed 2 [MH]
2015-01-14 01:35:57 INFO: pool-1-thread-6 computed 2 [MH]
2015-01-14 01:35:58 INFO: pool-1-thread-5 computed 2 [MH]
2015-01-14 01:35:58 INFO: pool-1-thread-1 computed 2 [MH]
2015-01-14 01:36:00 INFO: pool-1-thread-4 computed 2 [MH]
2015-01-14 01:36:56 INFO: pool-1-thread-8 computed 2 [MH]
 


Mints at 00:49, restarts, doesn't show anything until 1:12, then again at 1:35. Strange! :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: bidji29 on January 14, 2015, 05:16:35 pm
Each core take 23min to compute 1 MH of scrypt. I think there's nothing wrong.

The way the java minter dipslay the info is just bad
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: bitme on January 14, 2015, 07:22:36 pm
wow

2015-01-14 20:19:40 INFO: Mint worker started
2015-01-14 20:19:45 INFO: pool-1-thread-1 computed 1 [MH]

 I'm mining. First time in two years. Almost like my new year's day cigarete;) You know it's bad but tastes good
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: farl4bit on January 14, 2015, 09:20:36 pm
wow

2015-01-14 20:19:40 INFO: Mint worker started
2015-01-14 20:19:45 INFO: pool-1-thread-1 computed 1 [MH]

 I'm mining. First time in two years. Almost like my new year's day cigarete;) You know it's bad but tastes good
Enjoy!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 14, 2015, 09:28:50 pm
wow

2015-01-14 20:19:40 INFO: Mint worker started
2015-01-14 20:19:45 INFO: pool-1-thread-1 computed 1 [MH]

 I'm mining. First time in two years. Almost like my new year's day cigarete;) You know it's bad but tastes good

Ha ha ha! Welcome to our community! :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 14, 2015, 09:32:16 pm
With Damelon's help now ELEMS has its own place (child board). All the info and our future projects will be posted here. I hope that we will fill this space with useful conversations!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: farl4bit on January 14, 2015, 09:33:57 pm
Welcome Board Moderator!  ;)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 14, 2015, 09:39:38 pm
Welcome Board Moderator!  ;)

Thank you! :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Riker on January 14, 2015, 09:56:52 pm
Looks like some Java related phenomena like full GC taking place or git compiler kicking in.
There are tools to diagnose this if you are into it.

Definitely into it, Lyaffe, thanks! I'll give it a try simply for curiosity's sake (and maybe it's bug related?)

Here's the latest, before I did the dreaded ctrl-z:


2015-01-14 00:49:40 FINE: Sending request to {snip}
2015-01-14 01:12:09 INFO: pool-1-thread-2 computed 1 [MH]
2015-01-14 01:12:09 INFO: pool-1-thread-3 computed 1 [MH]
2015-01-14 01:12:10 INFO: pool-1-thread-7 computed 1 [MH]
2015-01-14 01:12:10 INFO: pool-1-thread-5 computed 1 [MH]
2015-01-14 01:12:10 INFO: pool-1-thread-6 computed 1 [MH]
2015-01-14 01:12:11 INFO: pool-1-thread-4 computed 1 [MH]
2015-01-14 01:12:11 INFO: pool-1-thread-1 computed 1 [MH]
2015-01-14 01:12:39 INFO: pool-1-thread-8 computed 1 [MH]
2015-01-14 01:35:55 INFO: pool-1-thread-3 computed 2 [MH]
2015-01-14 01:35:55 INFO: pool-1-thread-2 computed 2 [MH]
2015-01-14 01:35:55 INFO: pool-1-thread-7 computed 2 [MH]
2015-01-14 01:35:57 INFO: pool-1-thread-6 computed 2 [MH]
2015-01-14 01:35:58 INFO: pool-1-thread-5 computed 2 [MH]
2015-01-14 01:35:58 INFO: pool-1-thread-1 computed 2 [MH]
2015-01-14 01:36:00 INFO: pool-1-thread-4 computed 2 [MH]
2015-01-14 01:36:56 INFO: pool-1-thread-8 computed 2 [MH]
 


Mints at 00:49, restarts, doesn't show anything until 1:12, then again at 1:35. Strange! :)

Yes, Scrypt is slow compared to other algorithms. I did some profiling and there is not much to improve, the code spends most if its time in the xorSalsa8 method which is already git compiled by Java. Garbage Collection activity is very low.
The only way to improve this would be to port the xorSalsa8 method to run on a GPU or Asic.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: RUNNY on January 15, 2015, 02:52:54 am
Hi
My Account:
NXT-RU3L-MARW-LKYL-EEAKE

Public key: e64340d611f98ba555308de3ed638ed8679fd0dcd764a338cfa885e846316c50

thanks
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Djinou94 on January 15, 2015, 03:10:37 am
Someone can explain me how to buy ELEMS at the exchange?

Publish Exchange Offer
CURRENCY
ELEMS - Currency units available 24

Buy units (Initial)
   ELEMS
Buy units (Limit)
   ELEMS
Buy Rate per unit
   NXT / ELEMS
Sell units (Initial)
   ELEMS
Sell units (Limit)
   ELEMS
Sell Rate per unit
   NXT / ELEMS
Expiration HeightCurrent Height: 333273

Passphrase
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: vezvez on January 15, 2015, 05:35:53 am
salut
hi
thank you very much excellent forum
my Account:
NXT-R9E8-XB9N-VNCT-BT73M

clé publique : 3c343c2ad436cfd0352551e4a5906ecd25af1cc8198ac24e98d507f83d3b4512

merci beaucoup
thanks
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Arux on January 15, 2015, 05:17:01 pm
Someone can explain me how to buy ELEMS at the exchange?

Publish Exchange Offer
CURRENCY
ELEMS - Currency units available 24

Buy units (Initial)
   ELEMS
Buy units (Limit)
   ELEMS
Buy Rate per unit
   NXT / ELEMS
Sell units (Initial)
   ELEMS
Sell units (Limit)
   ELEMS
Sell Rate per unit
   NXT / ELEMS
Expiration HeightCurrent Height: 333273

Passphrase
https://nxtforum.org/monetary-system-153/difference-between-exchange-request-and-offers/msg149535/#msg149535

i send you a PM for further details  ;)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: lcharles123 on January 15, 2015, 10:03:20 pm
I don't undestand how to mine  ???

Part 1  - Prepare the Client

1. Download the latest client version from here: hxxps://nxtforum.org/nrs-releases/nrs-v1-4-7-1/    (sorry, still can't post links)
2. Unzip the folder
3. You need to download the blockchain.
4. Navigate to "nxt"  in your newly unzipp folder
5. Run run.bat (assuming that you have a windows system)
6. After that a new folder called "nxt_db" will appear.
7. If you have already the database somewhere else from a previous version of nxt , close the console window and copy/paste the files inside "nxt_db"

Part 2 - Create an account

If you don't have an account or you want to create a new one just for minting purposes:

1. Run again run.bat
2. Double click "NXT_Wallet" (internet shortcut)
2. Generate a new passphrase

Part 3 - Minting

1. Locate "nxt/conf" folder
2. You will find two files inside
3. Copy paste "nxt-default.properties" inside the folder and rename the new generated file "nxt.properties"
3. Open "default.properties" using a text editor like sublimetext or notepad++ (you can use notepad also but the result is going to be ugly)
4. Find and change the below parameters (at the end of the file)

nxt.mint.serverAddress=localhost
nxt.mint.currencyCode=ELEMS
nxt.mint.secretPhrase=your passphrase
nxt.mint.unitsPerMint=1

(this means, you will pay 1nxt fee for each ELEMS that you will mint, you can change this accordingly, however greater number increase the difficulty to mint a coin, smaller number decrease the difficulty but you will pay more fees, check "Additional Best practices" below)                   
nxt.mint.threadPoolSize=1
nxt.mint.initialNonce=0
nxt.mint.isSubmitted=true


5. Save the file
6. Go back in the "nxt" folder and run "mint.bat"
7. A new console window open, if everything is correct after the initialization you will see "Mint worker started"
8. Happy minting

Try and if you need extra help post here. :)

Thanks for guide!! but my terminal returns unknow account error.

Code: [Select]
~/Desktop/nxt $ ./mint.sh
Initializing Nxt server version 1.4.8
2015-01-15 19:57:45 INFO: nxt.enableStackTraces = "true"
2015-01-15 19:57:45 INFO: nxt.enableLogTraceback = "false"
2015-01-15 19:57:45 INFO: logging enabled
2015-01-15 19:57:45 INFO: nxt.mint.currencyCode = "ELEMS"
2015-01-15 19:57:45 INFO: nxt.mint.secretPhrase = "*********"
2015-01-15 19:57:45 INFO: nxt.mint.isSubmitted = "false"
2015-01-15 19:57:45 INFO: nxt.maxRollback = "1440"
2015-01-15 19:57:45 INFO: nxt.isTestnet = "false"
2015-01-15 19:57:45 INFO: nxt.isOffline = "false"
2015-01-15 19:57:45 INFO: nxt.trimDerivedTables = "true"
2015-01-15 19:57:45 INFO: nxt.numberOfForkConfirmations = "5"
2015-01-15 19:57:45 INFO: nxt.disableGetMoreBlocksThread not defined, assuming false
2015-01-15 19:57:45 INFO: nxt.dbCacheKB = "0"
2015-01-15 19:57:45 INFO: nxt.dbUrl = "jdbc:h2:nxt_db/nxt;DB_CLOSE_ON_EXIT=FALSE;MVCC=TRUE"
2015-01-15 19:57:45 INFO: nxt.maxDbConnections = "30"
2015-01-15 19:57:45 INFO: nxt.dbLoginTimeout = "70"
2015-01-15 19:57:45 INFO: nxt.dbDefaultLockTimeout = "60"
2015-01-15 19:57:45 INFO: nxt.mint.serverAddress = "localhost"
2015-01-15 19:57:45 INFO: nxt.mint.useHttps = "false"
2015-01-15 19:57:45 INFO: nxt.apiServerPort = "7876"
2015-01-15 19:57:45 FINE: Sending request to server: http://localhost:7876/nxt?code=ELEMS&requestType=getCurrency
2015-01-15 19:57:45 INFO: nxt.mint.unitsPerMint = "5"
2015-01-15 19:57:45 INFO: nxt.mint.serverAddress = "localhost"
2015-01-15 19:57:45 INFO: nxt.mint.useHttps = "false"
2015-01-15 19:57:45 INFO: nxt.apiServerPort = "7876"
2015-01-15 19:57:45 FINE: Sending request to server: http://localhost:7876/nxt?requestType=getMintingTarget&currency=7035962084481354251&units=50000&account=NXT-VBK9-5ZXA-CJQ8-GEWVU
Exception in thread "main" java.lang.IllegalStateException: Request http://localhost:7876/nxt?requestType=getMintingTarget&currency=7035962084481354251&units=50000&account=NXT-VBK9-5ZXA-CJQ8-GEWVU produced error response code 5 message "Unknown account"
at nxt.mint.MintWorker.getJsonResponse(MintWorker.java:272)
at nxt.mint.MintWorker.getMintingTarget(MintWorker.java:220)
at nxt.mint.MintWorker.mint(MintWorker.java:121)
at nxt.mint.MintWorker.main(MintWorker.java:90)

There is something wrong?
My system is Linux MINT MATE 64bit
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: mthcl on January 15, 2015, 10:07:24 pm
There is something wrong?
My system is Linux MINT MATE 64bit

Are you sure you have NXT on this account? (At least to me) http://nxtreporting.com says that it has 0 NXT.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Yaremi on January 15, 2015, 10:19:50 pm

I have some problem.

You need to make an outgoing transaction to publish your public key to the network.

maybe that will fix. Try)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: lcharles123 on January 15, 2015, 10:30:49 pm
There is something wrong?
My system is Linux MINT MATE 64bit

Are you sure you have NXT on this account? (At least to me) http://nxtreporting.com says that it has 0 NXT.
Sorry, correction: my account is not the one shown.
I put the password in front of the = sign and leave no space.
My wallet is NXT-VKEY-58HE-HWKN-HBME5 with 1440 confirmations.
I need to put something else?  quotes?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: mthcl on January 15, 2015, 10:39:11 pm
There is something wrong?
My system is Linux MINT MATE 64bit

Are you sure you have NXT on this account? (At least to me) http://nxtreporting.com says that it has 0 NXT.
Sorry, correction: my account is not the one shown.
I put the password in front of the = sign and leave no space.
My wallet is NXT-VKEY-58HE-HWKN-HBME5 with 1440 confirmations.
I need to put something else?  quotes?
Maybe, you need to make at least one outgoing transaction (so that the info about this account is published in the blockchain)?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Yaremi on January 15, 2015, 10:45:53 pm
There is something wrong?
My system is Linux MINT MATE 64bit

Are you sure you have NXT on this account? (At least to me) nxtreporting.com says that it has 0 NXT.
Sorry, correction: my account is not the one shown.
I put the password in front of the = sign and leave no space.
My wallet is NXT-VKEY-58HE-HWKN-HBME5 with 1440 confirmations.
I need to put something else?  quotes?
Maybe, you need to make at least one outgoing transaction (so that the info about this account is published in the blockchain)?

I tried. Dont work. My outgoing transaction have 11 confirmations. Maybe not enough confirmations?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: mthcl on January 15, 2015, 10:54:46 pm
There is something wrong?
My system is Linux MINT MATE 64bit

Are you sure you have NXT on this account? (At least to me) nxtreporting.com says that it has 0 NXT.
Sorry, correction: my account is not the one shown.
I put the password in front of the = sign and leave no space.
My wallet is NXT-VKEY-58HE-HWKN-HBME5 with 1440 confirmations.
I need to put something else?  quotes?
Maybe, you need to make at least one outgoing transaction (so that the info about this account is published in the blockchain)?

I tried. Dont work. My outgoing transaction have 11 confirmations. Maybe not enough confirmations?
What is your NXT account?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Yaremi on January 15, 2015, 11:01:14 pm
There is something wrong?
My system is Linux MINT MATE 64bit

Are you sure you have NXT on this account? (At least to me) nxtreporting.com says that it has 0 NXT.
Sorry, correction: my account is not the one shown.
I put the password in front of the = sign and leave no space.
My wallet is NXT-VKEY-58HE-HWKN-HBME5 with 1440 confirmations.
I need to put something else?  quotes?
Maybe, you need to make at least one outgoing transaction (so that the info about this account is published in the blockchain)?

I tried. Dont work. My outgoing transaction have 11 confirmations. Maybe not enough confirmations?
What is your NXT account?

NXT-H3EA-BUQ7-JRFX-D2WUE
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: mthcl on January 15, 2015, 11:18:40 pm
There is something wrong?
My system is Linux MINT MATE 64bit

Are you sure you have NXT on this account? (At least to me) nxtreporting.com says that it has 0 NXT.
Sorry, correction: my account is not the one shown.
I put the password in front of the = sign and leave no space.
My wallet is NXT-VKEY-58HE-HWKN-HBME5 with 1440 confirmations.
I need to put something else?  quotes?
Maybe, you need to make at least one outgoing transaction (so that the info about this account is published in the blockchain)?

I tried. Dont work. My outgoing transaction have 11 confirmations. Maybe not enough confirmations?
What is your NXT account?

NXT-H3EA-BUQ7-JRFX-D2WUE
Then that's strange. I think in this case you need help of someone more competent than myself.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Yaremi on January 15, 2015, 11:31:21 pm
There is something wrong?
My system is Linux MINT MATE 64bit

Are you sure you have NXT on this account? (At least to me) nxtreporting.com says that it has 0 NXT.
Sorry, correction: my account is not the one shown.
I put the password in front of the = sign and leave no space.
My wallet is NXT-VKEY-58HE-HWKN-HBME5 with 1440 confirmations.
I need to put something else?  quotes?
Maybe, you need to make at least one outgoing transaction (so that the info about this account is published in the blockchain)?

I tried. Dont work. My outgoing transaction have 11 confirmations. Maybe not enough confirmations?
What is your NXT account?

NXT-H3EA-BUQ7-JRFX-D2WUE
Then that's strange. I think in this case you need help of someone more competent than myself.

Thanks for trying! i wrote bug-report here nxtforum.org/nrs-releases/nrs-v1-4-8/msg151887/#msg151887 this is the right place?

I think that problem with x64.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: lcharles123 on January 15, 2015, 11:49:22 pm
There is something wrong?
My system is Linux MINT MATE 64bit

Are you sure you have NXT on this account? (At least to me) nxtreporting.com says that it has 0 NXT.
Sorry, correction: my account is not the one shown.
I put the password in front of the = sign and leave no space.
My wallet is NXT-VKEY-58HE-HWKN-HBME5 with 1440 confirmations.
I need to put something else?  quotes?
Maybe, you need to make at least one outgoing transaction (so that the info about this account is published in the blockchain)?

I tried. Dont work. My outgoing transaction have 11 confirmations. Maybe not enough confirmations?
What is your NXT account?

NXT-H3EA-BUQ7-JRFX-D2WUE
Then that's strange. I think in this case you need help of someone more competent than myself.

Thanks for trying! i wrote bug-report here nxtforum.org/nrs-releases/nrs-v1-4-8/msg151887/#msg151887 this is the right place?

I think that problem with x64.
I create other account, try to mint and it appears corretly in terminal, now im waiting confirm to mint.

My problem come of the password, my Appears this terminal
Code: [Select]
2015-01-15 21:36:22 INFO: nxt.mint.secretPhrase = ", é ******alguém******************* você, *******você *************"
The ****** parts are the right words,  the distorted characters are letters: , ; é and ê

I tried to enter the password that appears distorted in terrminal and entered into a different account. lol, this is a small bug. :-\
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: mthcl on January 15, 2015, 11:56:54 pm
I create other account, try to mint and it appears corretly in terminal, now im waiting confirm to mint.

My problem come of the password, my Appears this terminal
Code: [Select]
2015-01-15 21:36:22 INFO: nxt.mint.secretPhrase = ", é ******alguém******************* você, *******você *************"
The ****** parts are the right words,  the distorted characters are letters: , ; é and ê

I tried to enter the password that appears distorted in terrminal and entered into a different account. lol, this is a small bug. :-\
Pois é, talvez seria melhor inventar uma senha em inglês mesmo   :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: lcharles123 on January 16, 2015, 12:48:18 am
I create other account, try to mint and it appears corretly in terminal, now im waiting confirm to mint.

My problem come of the password, my Appears this terminal
Code: [Select]
2015-01-15 21:36:22 INFO: nxt.mint.secretPhrase = ", é ******alguém******************* você, *******você *************"
The ****** parts are the right words,  the distorted characters are letters: , ; é and ê

I tried to enter the password that appears distorted in terrminal and entered into a different account. lol, this is a small bug. :-\
Pois é, talvez seria melhor inventar uma senha em inglês mesmo   :)

lol, it works!!!
i activate the acocunt now: NXT-EHAY-C7M4-LCAR-HFYAP

But how to know which quickly will find something?
I have a Core2Duo, and can put a GPU to mine?

It appears that in the url of the diff, which means?
Code: [Select]
{"difficulty":"51200000","targetBytes":"19ff3ee3c281902c6002b7eee6a90eb9196ec0e78711c2a38d23d6e253000000","currency":"7035962084481354251","counter":0,"requestProcessingTime":0}
Thanks for all !!!

Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Djinou94 on January 16, 2015, 02:55:28 am
Someone can explain me how to buy ELEMS at the exchange?

Publish Exchange Offer
CURRENCY
ELEMS - Currency units available 24

Buy units (Initial)
   ELEMS
Buy units (Limit)
   ELEMS
Buy Rate per unit
   NXT / ELEMS
Sell units (Initial)
   ELEMS
Sell units (Limit)
   ELEMS
Sell Rate per unit
   NXT / ELEMS
Expiration HeightCurrent Height: 333273

Passphrase
https://nxtforum.org/monetary-system-153/difference-between-exchange-request-and-offers/msg149535/#msg149535

i send you a PM for further details  ;)

Got it thank you  :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: mthcl on January 16, 2015, 05:50:57 am


lol, it works!!!
i activate the acocunt now: NXT-EHAY-C7M4-LCAR-HFYAP

But how to know which quickly will find something?
I have a Core2Duo, and can put a GPU to mine?

Thanks for all !!!
No GPU, only CPU for now. Well, try to find a block of 5 EGOLD, for instance. It's not a good idea to mint too often, since you pay 1 NXT each time you find a block.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: trankil on January 16, 2015, 09:03:54 pm
hi NXT-DCU4-FJUT-LND2-87JNB

what to try to find some ELEMS

thanks
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: tjopper on January 16, 2015, 10:25:43 pm
I would love to test this new mining.

account: NXT-DNKU-6HVV-JAGQ-94AFY
pub key: dd8cc36696fcd05f4714d3036efba6e3584c1637df2230d5091fb64ea8154a01
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 17, 2015, 09:37:23 am
Hi all,

I have create a guide about how to start minting MS coins. We want to make our announcement page more informative, so we think to add a FAQ and attach links to it. One of the links will be this guide. Please can you proof-check the guide because I am not native English speaker and my grammar is bad :)

Please if you don't understand something post your question here. Thank you.

https://docs.google.com/document/d/1_QdcrY1q6_n9J3NOcyoczGqELIeCy6S6zNG2Cj22bj8/edit?pli=1

The best dev is in this place!
Mint ELEMS !

Thank you for your kind words but I think the credit need to go to the real developers of Nxt. They put this idea into practice and now we all have the chance to implement our own crypto-currency. I am just the issuer. :) From my side I will try my best to bring new ideas and promoting the coin in order to bring value into ELEMS.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 17, 2015, 09:43:50 am
hi NXT-DCU4-FJUT-LND2-87JNB

what to try to find some ELEMS

thanks

I would love to test this new mining.

account: NXT-DNKU-6HVV-JAGQ-94AFY
pub key: dd8cc36696fcd05f4714d3036efba6e3584c1637df2230d5091fb64ea8154a01

salut
hi
thank you very much excellent forum
my Account:
NXT-R9E8-XB9N-VNCT-BT73M

clé publique : 3c343c2ad436cfd0352551e4a5906ecd25af1cc8198ac24e98d507f83d3b4512

merci beaucoup
thanks

Hi
My Account:
NXT-RU3L-MARW-LKYL-EEAKE

Public key: e64340d611f98ba555308de3ed638ed8679fd0dcd764a338cfa885e846316c50

thanks

Sorry for the delay. 10nxt just sent to all of you. Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: vezvez on January 17, 2015, 10:18:01 am
hi NXT-DCU4-FJUT-LND2-87JNB

what to try to find some ELEMS

thanks

I would love to test this new mining.

account: NXT-DNKU-6HVV-JAGQ-94AFY
pub key: dd8cc36696fcd05f4714d3036efba6e3584c1637df2230d5091fb64ea8154a01

salut
hi
thank you very much excellent forum
my Account:
NXT-R9E8-XB9N-VNCT-BT73M

clé publique : 3c343c2ad436cfd0352551e4a5906ecd25af1cc8198ac24e98d507f83d3b4512

merci beaucoup
thanks

Hi
My Account:
NXT-RU3L-MARW-LKYL-EEAKE

Public key: e64340d611f98ba555308de3ed638ed8679fd0dcd764a338cfa885e846316c50

thanks

Sorry for the delay. 10nxt just sent to all of you. Happy minting!
ih
merci beaucoup
THX
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: tjopper on January 17, 2015, 11:30:55 am
hi NXT-DCU4-FJUT-LND2-87JNB

what to try to find some ELEMS

thanks

I would love to test this new mining.

account: NXT-DNKU-6HVV-JAGQ-94AFY
pub key: dd8cc36696fcd05f4714d3036efba6e3584c1637df2230d5091fb64ea8154a01

salut
hi
thank you very much excellent forum
my Account:
NXT-R9E8-XB9N-VNCT-BT73M

clé publique : 3c343c2ad436cfd0352551e4a5906ecd25af1cc8198ac24e98d507f83d3b4512

merci beaucoup
thanks

Hi
My Account:
NXT-RU3L-MARW-LKYL-EEAKE

Public key: e64340d611f98ba555308de3ed638ed8679fd0dcd764a338cfa885e846316c50

thanks

Sorry for the delay. 10nxt just sent to all of you. Happy minting!

Thanks, minted my first 50 ELEMS :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: grewalsatinder on January 18, 2015, 02:22:03 am
ELEMS is pretty exciting MS coin!

Do we have anything right now or in plans of how to do scrypt minting/mining?

Cheers!
Satinder
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 18, 2015, 02:39:52 am
ELEMS is pretty exciting MS coin!

Do we have anything right now or in plans of how to do scrypt minting/mining?

Cheers!
Satinder

You mean with GPU or with CPU?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: grewalsatinder on January 18, 2015, 09:57:33 am
ELEMS is pretty exciting MS coin!

Do we have anything right now or in plans of how to do scrypt minting/mining?

Cheers!
Satinder

You mean with GPU or with CPU?

I have been minting with my MacBookPro, works fine.

I also have a 1.3MH Scrypt Miner GawMiner Fury. Was thinking when and how will I be able to use it for minting?
Or may be if could also use my MacBookPro GPU too?

:)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Sebastien256 on January 18, 2015, 10:10:11 am
ELEMS is pretty exciting MS coin!

Do we have anything right now or in plans of how to do scrypt minting/mining?

Cheers!
Satinder
You mean with GPU or with CPU?

I have been minting with my MacBookPro, works fine.

I also have a 1.3MH Scrypt Miner GawMiner Fury. Was thinking when and how will I be able to use it for minting?
Or may be if could also use my MacBookPro GPU too?

:)

I would eecommand not to gpu mine with a laptop, you will signicantly reduce the life span of the laptop. It simply do not worth it, imo.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Daedelus on January 19, 2015, 12:59:56 pm
I have started a thread on MSCoin mining: https://bitcointalk.org/index.php?topic=929548

Can you keep an eye on it to help me out with any questioning?

Thanks in advance  ;D
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: spiler on January 19, 2015, 02:59:47 pm
Hi

My account is:
NXT-4X3T-D7XK-U9MW-BRAQW

Thank you very much.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: grewalsatinder on January 19, 2015, 10:03:09 pm
I would eecommand not to gpu mine with a laptop, you will signicantly reduce the life span of the laptop. It simply do not worth it, imo.

Alright... but what if I want to use my Scrypt Miner device, which is 1.3 MH? GawMiner Fury?

Cheers,
Satinder
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 19, 2015, 10:37:40 pm
I have started a thread on MSCoin mining: https://bitcointalk.org/index.php?topic=929548

Can you keep an eye on it to help me out with any questioning?

Thanks in advance  ;D

Yes sure! Let's bring more people to our community :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 24, 2015, 02:38:29 pm
Hi

My account is:
NXT-4X3T-D7XK-U9MW-BRAQW

Thank you very much.

5nxt for you because you already have more than 100 in your account :)
Happy minting!


I would eecommand not to gpu mine with a laptop, you will signicantly reduce the life span of the laptop. It simply do not worth it, imo.

Alright... but what if I want to use my Scrypt Miner device, which is 1.3 MH? GawMiner Fury?

Cheers,
Satinder

You will have the chance to use a dedicated scrypt device in the future, but at the moment the minting is only CPU based.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 24, 2015, 02:54:16 pm
Hi all!

The last few days our project is not moving forward quickly. In order to give an extra push we decide to start a competition about our logo. As mentioned before a logo is vital, all our future projects and promotional acts will be more professional having a logo . We officially start our competition today and we will accept entries until Wednesday 00:00 GMT+0. It is weekend and more people can spend some time to participate. The community will choose the logo (poll with all participants and voting) until Saturday 31st of January. We want to have a big participation so we will have multiple rewards:

1st - official ELEMS logo + 50 Elems
2nd - 30 Elems
3rd - 20 Elems

Please use your creativity and participate in our competition!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: doc12 on January 25, 2015, 12:46:34 pm
Hi, wanna try it out also   :)

NXT-MHSJ-T7JQ-5BHB-HHND5

Still minable on CPU ? (Core i7 3,4 Ghz)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Tarasconus on January 25, 2015, 04:03:31 pm
Hi, i allso want to give that a try. My ID is NXT-WFUL-26ES-FL4E-72YYD

Have fun and a nice day :-)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: grewalsatinder on January 25, 2015, 09:00:50 pm
1st - official ELEMS logo + 50 Elems
2nd - 30 Elems
3rd - 20 Elems

You need to increase the reward with another 0 adding to it. 25-30 ELEMS are generated in few hours by an i7 computer. On top of that ELEMS trade price has gone down than before. like 0.98, 0.77 etc. Before I traded ELEMS for NXT on double and triple price. It's not so interesting anymore... any plan to make it interesting?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Tom on January 25, 2015, 09:51:19 pm
Hi, wanna try it out also   :)

NXT-MHSJ-T7JQ-5BHB-HHND5

Still minable on CPU ? (Core i7 3,4 Ghz)


Me too. Can you donate some for a start? Thanks
NXT-8B6A-2QP2-2D4Y-3CWNE
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Ziploc on January 26, 2015, 02:35:47 am
Can someone confirm :

Does the NXT in my wallet mature to 1440 confirmations before I can mine ?

Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 26, 2015, 02:49:19 am
Can someone confirm :

Does the NXT in my wallet mature to 1440 confirmations before I can mine ?

you don't need to have 1440 confirms to mint anything. You can mint once you have NXT in your account.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Ziploc on January 26, 2015, 03:33:31 am
Can someone confirm :

Does the NXT in my wallet mature to 1440 confirmations before I can mine ?

you don't need to have 1440 confirms to mint anything. You can mint once you have NXT in your account.

On my dashboard there's a red dot beside Not Forging and when I click on it it says on right corner:
Quote
Your effective balance is zero, you cannot forge. (Effective balance is your balance after 1440 block confirmations)


EDIT You're right I just found a block ;)

but it says amount 0+1 in red...

but I minted 10 units......I guess I can't mine before the 1440 blocks after all...
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: lucky88888 on January 26, 2015, 04:37:10 am
forging and minting are two different things.

forging is protecting the nxt network and may win the protection fee with your forge account. you can't profit here.

you need 1440 confirms before you can forge.

minting is exactly just mining MSCOINS inside of nxt.
you need 1 confirms to mint. and you can choose types of coins to mint/mine. each successful mint will cost 1nxt.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Ziploc on January 26, 2015, 04:55:05 am
forging and minting are two different things.

forging is protecting the nxt network and may win the protection fee with your forge account. you can't profit here.

you need 1440 confirms before you can forge.

minting is exactly just mining MSCOINS inside of nxt.
you need 1 confirms to mint. and you can choose types of coins to mint/mine. each successful mint will cost 1nxt.

ok i don't quite understand all this..

which one is like BTC mining ? forging or minting and how to do both ?

and why when I minted a currency It cost me 1 nxt ?


when I'm doing this :

11:54:03 FINE MintWorker.run: Worker 1: 15,786.81 MHash, 4.0479 MHash/s
11:55:03 FINE MintWorker.run: Worker 1: 16,030.44 MHash, 4.0481 MHash/s
11:55:03 FINE MintWorker.run: Worker 0: 36,721.65 MHash, 9.2731 MHash/s

am I minting or forging ?


and look at this transaction ?? isn't this minting / minnig ?

nxtblocks.info/#section/txid/6494386104392733861
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: sparta_cuss on January 26, 2015, 05:15:09 am
forging and minting are two different things.

forging is protecting the nxt network and may win the protection fee with your forge account. you can't profit here.

you need 1440 confirms before you can forge.

minting is exactly just mining MSCOINS inside of nxt.
you need 1 confirms to mint. and you can choose types of coins to mint/mine. each successful mint will cost 1nxt.

ok i don't quite understand all this..

which one is like BTC mining ? forging or minting and how to do both ?

and why when I minted a currency It cost me 1 nxt ?


when I'm doing this :

11:54:03 FINE MintWorker.run: Worker 1: 15,786.81 MHash, 4.0479 MHash/s
11:55:03 FINE MintWorker.run: Worker 1: 16,030.44 MHash, 4.0481 MHash/s
11:55:03 FINE MintWorker.run: Worker 0: 36,721.65 MHash, 9.2731 MHash/s

am I minting or forging ?


and look at this transaction ?? isn't this minting / minnig ?

nxtblocks.info/#section/txid/6494386104392733861

Right now, based on the MintWorker.run lines that you shared, you are minting. That is, you are "mining" a PoW coin like Bitcoin from "within" the Nxt network.

Minting costs you Nxt, but only indirectly. You need to pay 1 NXT per transaction. If you set

nxt.mint.unitsPerMint=1

then you are creating one transaction for each unit of the currency that you mint. However if you set

nxt.mint.unitsPerMint=10

then you are creating one transaction for every 10 units of the currency that you mint. It is suggested that you set

nxt.mint.unitsPerMint=1

at the beginning so that you can see how efficient your computer is at minting. Adjust later.

Forging is something that you do to secure the network (as a good community member), and you set forging from the NRS (the client). Forging and minting are independent operations and will not interfere with or help one another. In a POS system like Nxt, forging does not generate new units of the currency, since they were all created by the genesis block. Instead, forging entitles the forger to collect the transactions fees from other users of the network on a per-block basis. Forging will not generate a lot of Nxt as income unless you are forging with an account of several hundred thousand NXT. Even then, it's no way to get rich.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Ziploc on January 26, 2015, 05:20:47 am


nxt.mint.unitsPerMint=10


Thank You for your answer;

I set it like that...and 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:

nxtblocks.info/#section/blockId/5614132592372667862

i'm just not autorised to post links...or h t t p s

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

Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: sparta_cuss on January 26, 2015, 05:52:18 am


nxt.mint.unitsPerMint=10


Thank You for your answer;

I set it like that...and 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:

nxtblocks.info/#section/blockId/5614132592372667862

i'm just not autorised to post links...or h t t p s

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

Is this you?
NXT-E5NR-2BKB-F8NM-6TRJC

In your NRS Dashboard, what number is in the Currencies box?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 26, 2015, 06:11:40 am


nxt.mint.unitsPerMint=10


Thank You for your answer;

I set it like that...and 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:

nxtblocks.info/#section/blockId/5614132592372667862

i'm just not autorised to post links...or h t t p s

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

Its in "Monetary System" tab and "My Currencies" tab that should be top right of the page.

ELEMS isn't shown as NXT but a currency built on NXT block chain.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Ziploc on January 26, 2015, 11:53:13 am


nxt.mint.unitsPerMint=10


Thank You for your answer;

I set it like that...and 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:

nxtblocks.info/#section/blockId/5614132592372667862

i'm just not autorised to post links...or h t t p s

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

Its in "Monetary System" tab and "My Currencies" tab that should be top right of the page.

ELEMS isn't shown as NXT but a currency built on NXT block chain.

Found it thx..

have to learn all this system ;)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: ovidiusava on January 26, 2015, 01:42:39 pm

With tears in her eyes please send me some NXT  here:
My NXT Account ID
5370717325448874998
My NXT RS Address
NXT-P4ZQ-YH48-779B-6Y64P
My NXT Public Key
81e201dce20456ba205e47fa25b7936574180135420b744979a6fc42a9761d13

Bicoin collapse at cryptsy made me lose a lot of money.

Thanks friends who understand the disaster that passing ...
Maybe a donation here to me from a philanthropist friend , who understands  would be very welcome:
15MQdAFAaUz2G9hEf82MB36qkFveZh4nqD

Thanks from the heart and from the soul, in advance!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 27, 2015, 01:06:17 am
Hi, wanna try it out also   :)

NXT-MHSJ-T7JQ-5BHB-HHND5

Still minable on CPU ? (Core i7 3,4 Ghz)


Me too. Can you donate some for a start? Thanks
NXT-8B6A-2QP2-2D4Y-3CWNE


With tears in her eyes please send me some NXT  here:
My NXT Account ID
5370717325448874998
My NXT RS Address
NXT-P4ZQ-YH48-779B-6Y64P
My NXT Public Key
81e201dce20456ba205e47fa25b7936574180135420b744979a6fc42a9761d13

10nxt just send! Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: elements on January 27, 2015, 01:22:58 am
1st - official ELEMS logo + 50 Elems
2nd - 30 Elems
3rd - 20 Elems

You need to increase the reward with another 0 adding to it. 25-30 ELEMS are generated in few hours by an i7 computer. On top of that ELEMS trade price has gone down than before. like 0.98, 0.77 etc. Before I traded ELEMS for NXT on double and triple price. It's not so interesting anymore... any plan to make it interesting?

Thank you for your feedback.The reward has been increased. A new thread is now dedicated for the logo competition to make it more visible (https://nxtforum.org/index.php?topic=7890.0). We have a lot of plans in our minds but we need first the logo for promotional reasons. Any ideas also are welcome!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: tnyw on January 27, 2015, 11:59:24 am
Hi, I'm newbie to NXT and I have minted 2 ELEMS but with 0 NXT in account currently, do I need to keep NXT in positive in order to sell ELEMS, am I right?

What is the NXT price per 1 ELEMS now?


Thanks!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: shin on January 27, 2015, 12:06:24 pm
Hi, I'm newbie to NXT and I have minted 2 ELEMS but with 0 NXT in account currently, do I need to keep NXT in positive in order to sell ELEMS, am I right?

What is the NXT price per 1 ELEMS now?


Thanks!
Yes. Each transaction costs 1 NXT. This includes: minting, buying, selling, sending a message, etc.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: tnyw on January 27, 2015, 12:15:49 pm
Hi, I'm newbie to NXT and I have minted 2 ELEMS but with 0 NXT in account currently, do I need to keep NXT in positive in order to sell ELEMS, am I right?

What is the NXT price per 1 ELEMS now?


Thanks!
Yes. Each transaction costs 1 NXT. This includes: minting, buying, selling, sending a message, etc.

Thank you, and what is current NXT price per 1 ELEMS (please give me an estimated figure will do)?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Tarasconus on January 27, 2015, 12:45:12 pm
Hey, seems like you've forgotten me.

NXT-WFUL-26ES-FL4E-72YYD

Hi, wanna try it out also   :)

NXT-MHSJ-T7JQ-5BHB-HHND5

Still minable on CPU ? (Core i7 3,4 Ghz)


Me too. Can you donate some for a start? Thanks
NXT-8B6A-2QP2-2D4Y-3CWNE


With tears in her eyes please send me some NXT  here:
My NXT Account ID
5370717325448874998
My NXT RS Address
NXT-P4ZQ-YH48-779B-6Y64P
My NXT Public Key
81e201dce20456ba205e47fa25b7936574180135420b744979a6fc42a9761d13

10nxt just send! Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: tnyw on January 27, 2015, 01:06:08 pm
Huh? Got donation to help on mining ELEMS? Please help to donate me too  ;D, my NXT is zero right now, and cannot do anything while waiting for more NXT from freenxt.org on next payment 5 days later  :-\. My account = NXT-3L8J-2D8Y-QNH4-G3B2R

Thank you very much  :D



Hey, seems like you've forgotten me.

NXT-WFUL-26ES-FL4E-72YYD

Hi, wanna try it out also   :)

NXT-MHSJ-T7JQ-5BHB-HHND5

Still minable on CPU ? (Core i7 3,4 Ghz)


Me too. Can you donate some for a start? Thanks
NXT-8B6A-2QP2-2D4Y-3CWNE


With tears in her eyes please send me some NXT  here:
My NXT Account ID
5370717325448874998
My NXT RS Address
NXT-P4ZQ-YH48-779B-6Y64P
My NXT Public Key
81e201dce20456ba205e47fa25b7936574180135420b744979a6fc42a9761d13

10nxt just send! Happy minting!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Daedelus on January 27, 2015, 01:09:17 pm
I'm not sure what I am looking at but....


Would it be worth trying to get POW MSCoins listed here?

http://altcoin.alwaysdata.net/
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: tnyw on January 29, 2015, 09:35:36 am
I really don't understand about selling ELEMS for NXT, I found currently exchange ELEMS for NXT is around 0.05, so meaning 1 ELEMS for 0.05 NXT, am I right? Then why we set minting ELEMS with nxt.mint.unitsPerMint=1? I really confused, anyone can explain this to me? Thanks!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: madmartyk on January 29, 2015, 01:58:43 pm
I really don't understand about selling ELEMS for NXT, I found currently exchange ELEMS for NXT is around 0.05, so meaning 1 ELEMS for 0.05 NXT, am I right? Then why we set minting ELEMS with nxt.mint.unitsPerMint=1? I really confused, anyone can explain this to me? Thanks!

I set mine to 10, that way I have to mint 10 ELEMS before they are transfered.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: tnyw on January 29, 2015, 03:30:04 pm
I really don't understand about selling ELEMS for NXT, I found currently exchange ELEMS for NXT is around 0.05, so meaning 1 ELEMS for 0.05 NXT, am I right? Then why we set minting ELEMS with nxt.mint.unitsPerMint=1? I really confused, anyone can explain this to me? Thanks!

I set mine to 10, that way I have to mint 10 ELEMS before they are transfered.

If you set to 10, you still lose based on the exchange of 0.05. It should be 20 to set off, more than 20 to make profit. But I see post somewhere that value set above 10 will be difficult to mint, am I right?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: mnporter2001 on January 29, 2015, 04:12:15 pm
I really don't understand about selling ELEMS for NXT, I found currently exchange ELEMS for NXT is around 0.05, so meaning 1 ELEMS for 0.05 NXT, am I right? Then why we set minting ELEMS with nxt.mint.unitsPerMint=1? I really confused, anyone can explain this to me? Thanks!

I set mine to 10, that way I have to mint 10 ELEMS before they are transfered.

If you set to 10, you still lose based on the exchange of 0.05. It should be 20 to set off, more than 20 to make profit. But I see post somewhere that value set above 10 will be difficult to mint, am I right?

I'm thinking about this, the highest buy is set at 0.051 so you would need to mint 20 ELEMS to make 1.02 NXT so less the 1 NXT fee that would leave you with 0.02 NXT profit

Is that right ? or am I missing something, it's not really worth burning out your CPU for that is it ?

I had my comp mining this for the last 24 hours set on "nxt.mint.unitsPerMint=20" and I didn't get any ELEMS ?

Any advice would be most welcome

Thanks
Mark
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: madmartyk on January 29, 2015, 06:45:42 pm
I set mine to 10 and overnight minted over 70 ELMS with an i7.  Thinking about bumping it up to 15 and trying again tonight.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: tnyw on January 29, 2015, 08:23:29 pm
I saw a post somewhere mentioned mscoin is worth to mint if it is new, but ELEMS is not even a month old...
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: mnporter2001 on January 29, 2015, 11:14:35 pm
I set mine to 10 and overnight minted over 70 ELMS with an i7.  Thinking about bumping it up to 15 and trying again tonight.

Yes but that would have cost you 7 NXT mining at 10 and your 70 ELEMS arn't worth 7 NXT ?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: tnyw on January 29, 2015, 11:30:46 pm
I set mine to 10 and overnight minted over 70 ELMS with an i7.  Thinking about bumping it up to 15 and trying again tonight.

Yes but that would have cost you 7 NXT mining at 10 and your 70 ELEMS arn't worth 7 NXT ?

mnporter2001 is right, you will not profit even if you set to 15, or maybe should say you rather loss some NXT, the only profit should set to 21 as the exchange rate now.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Daedelus on January 30, 2015, 09:33:10 am
Setting the 'unit' to the lowest/break even number isn't a great strategy in my opinion. You will always only be on the cusp of breaking even and you have the risk of the exchange rate moving against you in the mean time.

Rather than doing 7 x 21 mints costing 7 Nxt in, say, 12 hours, plan for 3 x 50 mints or 2 x 75 mints or 1 x 150 mint. Each ELEM with then have a much lower cost in Nxt fees and you are more likely to be profitable if/when you resell. The electricity will be the same as you ran your rig for 12 hours in both instances.



TL:DR Consider how long your current minting session will be, then plan to mint 1-3 times in that period. It is the most efficient use of your Nxt transaction fees.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: cr7yp on January 30, 2015, 10:07:33 am
Consider to use the NXT faucet on http://188.226.197.131/nxtfaucet
You'll receive 2, 3 or 4 NXT (random decided).


With tears in her eyes please send me some NXT  here:
My NXT Account ID
5370717325448874998
My NXT RS Address
NXT-P4ZQ-YH48-779B-6Y64P
My NXT Public Key
81e201dce20456ba205e47fa25b7936574180135420b744979a6fc42a9761d13

Bicoin collapse at cryptsy made me lose a lot of money.

Thanks friends who understand the disaster that passing ...
Maybe a donation here to me from a philanthropist friend , who understands  would be very welcome:
15MQdAFAaUz2G9hEf82MB36qkFveZh4nqD

Thanks from the heart and from the soul, in advance!
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Vyazhan on January 31, 2015, 04:50:47 am
Maybe it's also interesting to understand that nobody really is there actively buying a coin that has no inherent value and mintin for the sole purpose of selling will destroy this coin very soon.

I think it's more economical to only mint this coin if you want to hold right now and not destroy the coin before it even started, think about it :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 31, 2015, 06:15:04 am
Maybe it's also interesting to understand that nobody really is there actively buying a coin that has no inherent value and mintin for the sole purpose of selling will destroy this coin very soon.

I think it's more economical to only mint this coin if you want to hold right now and not destroy the coin before it even started, think about it :)

I have to agree with this.

The NXT devs have worked real hard in creating this but for now there is not much demand for ELEMS or any MS coin in general because there is no use for it. Right now most people are probably minting this just to make some fast money rather than looking for a new currency to build up. Which in terms of money is barely anything since there is very little liquidity in the exchange. In the early days it was something new and interesting to at least test out but since then its slowed down.

MS currencies are secured by NXT so there is no use for securing by mining(in this case minting) like other PoW currencies. I feel that the only thing MS currencies have going for it atm is the fact when minting it gives NXT forging some value because of all the tx fees made.

Until demand and value can be made the sell pressure will continue since there is barely any buying pressure. Marketplaces, games, etc. have to be made to get any use out of any of these currencies where they can be exchanged with as little reliance on NXT being used.

A reason for minting has to develop so these currencies can gain real value to the average crypto user if not then MS currencies have very little chance of succeeding on its current path. In my opinion :)

I've just started to test out counterparty(was bored at school :p) and it feels just the same basically as MS Currrncies(at least so far) where it relies on BTC for fees and also piggybacks on the BTC blockchain to confirm transactions and such. Maybe I'm wrong ??? Maybe a new MS dev can create a new MS currency that one sends NXT to the genesis in return for MS currency... Lol

Tldr;;...feel that MS Currencies have no use for now even though devs put great work. Need new ideas to get use of Currencies if not doesn't look bright for future. MS Currencies feel like XCP in my view.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: jl777 on January 31, 2015, 06:36:27 am
Maybe it's also interesting to understand that nobody really is there actively buying a coin that has no inherent value and mintin for the sole purpose of selling will destroy this coin very soon.

I think it's more economical to only mint this coin if you want to hold right now and not destroy the coin before it even started, think about it :)

I have to agree with this.

The NXT devs have worked real hard in creating this but for now there is not much demand for ELEMS or any MS coin in general because there is no use for it. Right now most people are probably minting this just to make some fast money rather than looking for a new currency to build up. Which in terms of money is barely anything since there is very little liquidity in the exchange. In the early days it was something new and interesting to at least test out but since then its slowed down.

MS currencies are secured by NXT so there is no use for securing by mining(in this case minting) like other PoW currencies. I feel that the only thing MS currencies have going for it atm is the fact when minting it gives NXT forging some value because of all the tx fees made.

Until demand and value can be made the sell pressure will continue since there is barely any buying pressure. Marketplaces, games, etc. have to be made to get any use out of any of these currencies where they can be exchanged with as little reliance on NXT being used.

A reason for minting has to develop so these currencies can gain real value to the average crypto user if not then MS currencies have very little chance of succeeding on its current path. In my opinion :)

I've just started to test out counterparty(was bored at school :p) and it feels just the same basically as MS Currrncies(at least so far) where it relies on BTC for fees and also piggybacks on the BTC blockchain to confirm transactions and such. Maybe I'm wrong ??? Maybe a new MS dev can create a new MS currency that one sends NXT to the genesis in return for MS currency... Lol

Tldr;;...feel that MS Currencies have no use for now even though devs put great work. Need new ideas to get use of Currencies if not doesn't look bright for future. MS Currencies feel like XCP in my view.
How are MS coins any different than the zillion gen1 clones?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: jl777 on January 31, 2015, 06:40:13 am
Maybe it's also interesting to understand that nobody really is there actively buying a coin that has no inherent value and mintin for the sole purpose of selling will destroy this coin very soon.

I think it's more economical to only mint this coin if you want to hold right now and not destroy the coin before it even started, think about it :)
What about FuelCoin?
does it have any inherent value?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on January 31, 2015, 06:56:52 am
Typing on a phone is hell...

But yeah..

I agree it doesn't feel much different. Its features each coin gives which creates value.

What gen1 clones had is that most didnt rely on other currencies to make more of a gen1clone currency and a unique little wallet. (Maybe im outdated for current times...dont follow many other than NXT, BTC, and a few other '2nd-gens' now :P). Along with thing like being able to hard-fork and change its algorithm if I'm not mistaken... Also wish there was the 'staking' feature many of the clones have nowadays.(unless there is and I didn't notice).

I remember all them coins like FlappyCoin, Corgi, COINYE even DOGE when it came out during MEME hell.... I think what attracted many is the need to just set their miners to a coin and start mining away either solo or through a pool without needing to use another currency to do so; or it was in some way 'new' algorithm or new PoS+PoW currency that followed Peercoin. Which is why I feel MS Currencies are like XCP in a way.

I got in late to the game and first coin I mined was Protoshares. Didn't have a BTC to my name but a partial btc after mining a few days. Missed the original NXT investors list...if only I looked on bitcointalk forums rather than protoshares...(at least BCNext was nice enough to send my money back after sending and not reading a post that wasn't in the OP :P) but used what I had and bought what i could from the original investors at the time.

With MS Currencies you need some NXT to start minting anything.

Of course I'm probably wrong on many fronts haha. I'm in no way a dev or anything like that...
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: futurist on January 31, 2015, 07:00:35 am
I think Amazon accepts FuelCoin at at their gas station
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: malekbaba on February 01, 2015, 11:38:18 am
I have a intel Quad core processor. 2.66ghz 4 core processor. May I mint with it ?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: cr7yp on February 01, 2015, 08:58:56 pm
That's okay for minting. Just set up the nxt.properties file as previously described and start mint.sh

I have a intel Quad core processor. 2.66ghz 4 core processor. May I mint with it ?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Vyazhan on February 04, 2015, 05:15:54 am
Maybe it's also interesting to understand that nobody really is there actively buying a coin that has no inherent value and mintin for the sole purpose of selling will destroy this coin very soon.

I think it's more economical to only mint this coin if you want to hold right now and not destroy the coin before it even started, think about it :)
What about FuelCoin?
does it have any inherent value?

What about NXT or BTC, does it have any inherent value? :)

Truth is, value is created by trust into something, nothing more and nothing less. You can argue now that the inherent value of any PoW coin is the time and energy it took to mine the coin but if you are the only one mining it, there is your crypto clones, I don't think there is any exception to this, it's how all currencies and all money operate, including gold, silver, the dollar, a rare art painting, bread, flour and about every other commodity on the planet and the universe ;)

But that is just my take on it, everything is useful for one thing or the other, as long as there is someone or many that are in need of that thing. If nobody is in need, then there is no reason for it to be here in the first place. (Which is, in my honest opinion, what the problem of the entire Monetary System is, at least as long as it's not properly decentralized or pegged to smart enforcing contracts or rules that will yield me the inherent and intrinsic value of other commodities or coins that are currently being developed hopefully :))

Have a great time,
Vya
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: jl777 on February 04, 2015, 05:23:53 am
Maybe it's also interesting to understand that nobody really is there actively buying a coin that has no inherent value and mintin for the sole purpose of selling will destroy this coin very soon.

I think it's more economical to only mint this coin if you want to hold right now and not destroy the coin before it even started, think about it :)
What about FuelCoin?
does it have any inherent value?

What about NXT or BTC, does it have any inherent value? :)

Truth is, value is created by trust into something, nothing more and nothing less. You can argue now that the inherent value of any PoW coin is the time and energy it took to mine the coin but if you are the only one mining it, there is your crypto clones, I don't think there is any exception to this, it's how all currencies and all money operate, including gold, silver, the dollar, a rare art painting, bread, flour and about every other commodity on the planet and the universe ;)

But that is just my take on it, everything is useful for one thing or the other, as long as there is someone or many that are in need of that thing. If nobody is in need, then there is no reason for it to be here in the first place. (Which is, in my honest opinion, what the problem of the entire Monetary System is, at least as long as it's not properly decentralized or pegged to smart enforcing contracts or rules that will yield me the inherent and intrinsic value of other commodities or coins that are currently being developed hopefully :))

Have a great time,
Vya
Fuelcoin was having a LOT of tradevolumes, but it made no sense. then recently the true volumes showed, less than $1K per day. now the market is revaluing it:

28   FuelCoin FuelCoin   $ 881,282   $ 0.008795   100,206,032 FC2 **   $ 4,240   -42.21 %

There a lot of coins that are just promoted and never really used. BTC is used, NXT is used (around 5% of BTC by tx volumes), DOGE is used. So if an MS coin gets some good promotion and usage, it can also obtain value.

But a sleeping stone will gather moss

James
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Vyazhan on February 04, 2015, 05:34:37 am
Fuelcoin was having a LOT of tradevolumes, but it made no sense. then recently the true volumes showed, less than $1K per day. now the market is revaluing it:

28   FuelCoin FuelCoin   $ 881,282   $ 0.008795   100,206,032 FC2 **   $ 4,240   -42.21 %

There a lot of coins that are just promoted and never really used. BTC is used, NXT is used (around 5% of BTC by tx volumes), DOGE is used. So if an MS coin gets some good promotion and usage, it can also obtain value.

But a sleeping stone will gather moss

James

Yes, I wholeheartedly agree with this :)

I think BTC and NXT has the offering of me being in charge of my investment because of it's inherent decentralized nature. Everyone can stake, mine and run nodes to secure their own currency. With the Asset Exchange and all the MS coins, we are still stuck in 1.0 fiat land where I have to trust a single or multiple entities to not mess up the contract I put my trust into. Of course the degree of trust varies with the name you take assets from (for instance, trusting you more than not-as-recognized members) but in the end, it's still a trust-based system and this is not what Bitcoin or the entire ideology is built upon and never was so I think the first true 2.0 movement will be the decentralized smart enforcing contracts that will put NXT or another crypto that implements this into the light it truly deserves.

Looking at Bitshares, even there you have the same problems you have currently with the fiat currencies, you are buying and exchanging assets in a decentralized fashion but still have a rich elite that rules over the platform and makes a lot of money from it. If NXT would have the possibility to trade, for instance, silver and gold with a proofen reserve, it would already be 10 times more appealing to many than Bitshares currently are, imho. NXT has great potential in this matter as it doesn't delegate their shareholders and I for once, will go and stick with the platform that allows me to own real commodities in the real world with a proof-like system where I know my value is protected and cannot be abused, hopefully the course NXT and other 2.0 cryptos will take this year!

Even voluntary and beneficial projects that don't carry inherent value, like NSC or ELEMS, could enforce certain Kickstarter like milestones that reward participators with physical or digital goods after a certain contribution, percentually funded by their own donations, which would make assets like this much more interesting for the sake of being a good guy ;)

Vya
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on February 04, 2015, 05:40:53 am
Maybe it's also interesting to understand that nobody really is there actively buying a coin that has no inherent value and mintin for the sole purpose of selling will destroy this coin very soon.

I think it's more economical to only mint this coin if you want to hold right now and not destroy the coin before it even started, think about it :)
What about FuelCoin?
does it have any inherent value?

What about NXT or BTC, does it have any inherent value? :)

Truth is, value is created by trust into something, nothing more and nothing less. You can argue now that the inherent value of any PoW coin is the time and energy it took to mine the coin but if you are the only one mining it, there is your crypto clones, I don't think there is any exception to this, it's how all currencies and all money operate, including gold, silver, the dollar, a rare art painting, bread, flour and about every other commodity on the planet and the universe ;)

But that is just my take on it, everything is useful for one thing or the other, as long as there is someone or many that are in need of that thing. If nobody is in need, then there is no reason for it to be here in the first place. (Which is, in my honest opinion, what the problem of the entire Monetary System is, at least as long as it's not properly decentralized or pegged to smart enforcing contracts or rules that will yield me the inherent and intrinsic value of other commodities or coins that are currently being developed hopefully :))

Have a great time,
Vya
Fuelcoin was having a LOT of tradevolumes, but it made no sense. then recently the true volumes showed, less than $1K per day. now the market is revaluing it:

28   FuelCoin FuelCoin   $ 881,282   $ 0.008795   100,206,032 FC2 **   $ 4,240   -42.21 %

There a lot of coins that are just promoted and never really used. BTC is used, NXT is used (around 5% of BTC by tx volumes), DOGE is used. So if an MS coin gets some good promotion and usage, it can also obtain value.

But a sleeping stone will gather moss

James

I agree. Mostly everyone thought DOGE (at least in the early days) was going to be rendered useless and it was a joke currency (I was there in the few days of mining it just for fun and my .1 btc invested ended up becoming around 2 btc a few months later :P). Yet, now it has high volume and a lot of trading volume even though its a supply that won't ever reach cap (unless I remember wrong)..

Right now the Monetary System just needs to find a boost in the right direction. Where a Currency will be able to hold its value and people will rather hodl their Currency than just mint and sell at the soonest moment.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wolf0 on February 08, 2015, 06:17:38 pm
Is there a working Scrypt GPU minter?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wakasaki808 on February 08, 2015, 06:24:21 pm
Is there a working Scrypt GPU minter?

I believe the one ScripterRon made supports scrypt.
https://nxtforum.org/monetary-system-153/nxtmint-java-minter/
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wolf0 on February 08, 2015, 08:22:03 pm
Is there a working Scrypt GPU minter?

I believe the one ScripterRon made supports scrypt.
https://nxtforum.org/monetary-system-153/nxtmint-java-minter/

Only crashes the GPUs.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Vyazhan on February 08, 2015, 08:45:37 pm
Is there a working Scrypt GPU minter?

I believe the one ScripterRon made supports scrypt.
https://nxtforum.org/monetary-system-153/nxtmint-java-minter/

Only crashes the GPUs.

I think there is only CPU for Scrypt so far :)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wolf0 on February 09, 2015, 12:58:49 am
Is there a working Scrypt GPU minter?

I believe the one ScripterRon made supports scrypt.
https://nxtforum.org/monetary-system-153/nxtmint-java-minter/

Only crashes the GPUs.

I think there is only CPU for Scrypt so far :)

Okay, I'll continue working on that, then. I could do the GPU miner, but it's less fun.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Vyazhan on February 09, 2015, 07:24:09 am
Okay, I'll continue working on that, then. I could do the GPU miner, but it's less fun.

I am sure the NXT Community will appreciate it a lot having your skills on board for this currency experiment!

Hope you are doing well and hello on the NXT Forums!  ;)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wolf0 on February 09, 2015, 09:01:29 am
Okay, I'll continue working on that, then. I could do the GPU miner, but it's less fun.

I am sure the NXT Community will appreciate it a lot having your skills on board for this currency experiment!

Hope you are doing well and hello on the NXT Forums!  ;)

Well, the CPU implementation of scrypt can do with some major work, as long as there's no GPU miner.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: vinotinto on February 09, 2015, 01:36:59 pm
I have mined Elems for a while but dont see any rewards at my wallet, how can I check this? or does it take a while, like a number of confirmations and so on?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wolf0 on February 10, 2015, 01:46:34 pm
Minting 100 ELEMS at 0.0668MH/s is gonna take a while...
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Vyazhan on February 12, 2015, 12:20:09 pm
Minting 100 ELEMS at 0.0668MH/s is gonna take a while...

Getting only a sixth of that rate, what magic did you use wolf? :D

Would be nice to get some wolf miner for this ;)
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Wolf0 on February 13, 2015, 07:11:48 pm
Minting 100 ELEMS at 0.0668MH/s is gonna take a while...

Getting only a sixth of that rate, what magic did you use wolf? :D

Would be nice to get some wolf miner for this ;)

It's a six core, and double speed miner.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Daedelus on February 16, 2015, 02:05:11 pm
Is there a market in ELEMS?
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Erkallys on February 27, 2015, 10:34:47 pm
Can the ELEMS be exchanged against NXT ? Also I don't understand the system of needing some NXT to mine ELEMS. Can you explain me ? If I could understand I could mine !
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Daedelus on February 28, 2015, 11:53:10 am
Can the ELEMS be exchanged against NXT ? Also I don't understand the system of needing some NXT to mine ELEMS. Can you explain me ? If I could understand I could mine !

Registering your mined/minted ELEMS on the blockchain is a transaction and each transaction requires a fee to be paid (1 NXT) to prevent people spamming the blockchain and bloating it for free.

You can only swap/sell ELEMS for Nxt if there is buyer out there. So you should check how active the market is before you mine, if you are only looking to mine and dump. If you believe an MSCoin might have value in the future, for whatever reason, then you could just hold the MSCoin and wait until you are right.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Erkallys on February 28, 2015, 12:46:21 pm
Can the ELEMS be exchanged against NXT ? Also I don't understand the system of needing some NXT to mine ELEMS. Can you explain me ? If I could understand I could mine !

Registering your mined/minted ELEMS on the blockchain is a transaction and each transaction requires a fee to be paid (1 NXT) to prevent people spamming the blockchain and bloating it for free.

You can only swap/sell ELEMS for Nxt if there is buyer out there. So you should check how active the market is before you mine, if you are only looking to mine and dump. If you believe an MSCoin might have value in the future, for whatever reason, then you could just hold the MSCoin and wait until you are right.

I'm not part of those who mine and next sell it for some Bitcoins/USD. If I mine some ELEMS it's to keep ELEMS. But I don't like to mine something that has no value and cannot be exchanged for something that can be used to buy something.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Daedelus on February 28, 2015, 01:05:10 pm
Can the ELEMS be exchanged against NXT ? Also I don't understand the system of needing some NXT to mine ELEMS. Can you explain me ? If I could understand I could mine !

Registering your mined/minted ELEMS on the blockchain is a transaction and each transaction requires a fee to be paid (1 NXT) to prevent people spamming the blockchain and bloating it for free.

You can only swap/sell ELEMS for Nxt if there is buyer out there. So you should check how active the market is before you mine, if you are only looking to mine and dump. If you believe an MSCoin might have value in the future, for whatever reason, then you could just hold the MSCoin and wait until you are right.

I'm not part of those who mine and next sell it for some Bitcoins/USD. If I mine some ELEMS it's to keep ELEMS. But I don't like to mine something that has no value and cannot be exchanged for something that can be used to buy something.

If it were easy to tell if ELEMS will have any value in the future, then everyone would be here minting and filling their boots!  ;) That's the risk/reward each person has to do. You might mine and only ever have sunk costs to show for it/

As crypto is so unpredictable, I might aim to mine a small percentage of as many MScoins as I can when they are easy to get up to a pocket change cost limit for each ($5-10) not expecting to get anything back for a long time, perhaps never on most of them.

Then all you need is to be holding 0.01% of the one that pops to make your money back and some profit. All the better if you can mine one that your can sell to cover your costs on the others.

But this still might be too high risk for many.
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Erkallys on March 01, 2015, 12:38:34 pm
Can the ELEMS be exchanged against NXT ? Also I don't understand the system of needing some NXT to mine ELEMS. Can you explain me ? If I could understand I could mine !

Registering your mined/minted ELEMS on the blockchain is a transaction and each transaction requires a fee to be paid (1 NXT) to prevent people spamming the blockchain and bloating it for free.

You can only swap/sell ELEMS for Nxt if there is buyer out there. So you should check how active the market is before you mine, if you are only looking to mine and dump. If you believe an MSCoin might have value in the future, for whatever reason, then you could just hold the MSCoin and wait until you are right.

I'm not part of those who mine and next sell it for some Bitcoins/USD. If I mine some ELEMS it's to keep ELEMS. But I don't like to mine something that has no value and cannot be exchanged for something that can be used to buy something.

If it were easy to tell if ELEMS will have any value in the future, then everyone would be here minting and filling their boots!  ;) That's the risk/reward each person has to do. You might mine and only ever have sunk costs to show for it/

As crypto is so unpredictable, I might aim to mine a small percentage of as many MScoins as I can when they are easy to get up to a pocket change cost limit for each ($5-10) not expecting to get anything back for a long time, perhaps never on most of them.

Then all you need is to be holding 0.01% of the one that pops to make your money back and some profit. All the better if you can mine one that your can sell to cover your costs on the others.

But this still might be too high risk for many.

I'll take the risk :) !
Title: Re: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
Post by: Erkallys on March 10, 2015, 09:11:00 pm
I would start to mint ELEMS. Can you send me some NXT to pay fees ? Also if I set that it withdraws at 10 minted do I need to mint 10 coins in one time ?
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