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[ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION
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Author Topic: [ANN] - ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION  (Read 52567 times)

Ziploc

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Can someone confirm :

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

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Wakasaki808

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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.
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NXT-98EP-BVRB-WU6B-386RA

Ziploc

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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...
« Last Edit: January 26, 2015, 04:02:21 am by Ziploc »
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lucky88888

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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.
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NXT-E328-UJDF-KTGH-9C6YQ
8897013707391239174

Ziploc

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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
« Last Edit: January 26, 2015, 05:05:54 am by Ziploc »
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sparta_cuss

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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.
« Last Edit: January 26, 2015, 05:17:39 am by sparta_cuss »
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nxt: NXT-Z24T-YU6D-688W-EARDT
btc/xcp: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s

Ziploc

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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

« Last Edit: January 26, 2015, 05:32:38 am by Ziploc »
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sparta_cuss

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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?
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nxt: NXT-Z24T-YU6D-688W-EARDT
btc/xcp: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s

Wakasaki808

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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.
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NXT-98EP-BVRB-WU6B-386RA

Ziploc

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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 ;)
« Last Edit: January 26, 2015, 12:06:22 pm by Ziploc »
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ovidiusava

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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!
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elements

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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!
« Last Edit: January 27, 2015, 01:09:32 am by elements »
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

elements

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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!
« Last Edit: January 27, 2015, 01:25:13 am by elements »
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

tnyw

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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!
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shin

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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.
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Wallet: NXT-ELEB-XT6G-L475-HXRFX • 18354136531262130569 • Twitter: Shin NXT

tnyw

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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)?
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Tarasconus

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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!
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tnyw

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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!
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Daedelus

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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/
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NXT: NXT-4CS7-S4N5-PTH5-A8R2Q

tnyw

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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!
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