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5 Million NXT bounty for Nxt & Ardor Forgers
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Author Topic: 5 Million NXT bounty for Nxt & Ardor Forgers  (Read 115931 times)

Dartgts

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #260 on: September 08, 2016, 11:12:14 am »

Kind of sad looking at the last 100 forging list winners. Only 14 out of the 100 accounts were below 500k and only 4 accounts with less then 100k. Whats the point of more forging power if the little guy does not have a chance? Do you think he will even care to try?

People who have invested more of their money in Nxt are likely to get rewarded more, that's logical don't you think? In Bitcoin (or other PoW-coins) a small miner can't mine any blocks, but in Nxt even a small investor can start forging right away.

The point of the bounty was more forging power. If you have a lot of nxt to forge with your going make extra nxt no matter what. All this shows is the rich will get richer. Pools I can see need to get the reward, but some rich guy just getting richer while the little guy who would benefit from it the most and get nxt off the exchanges does not. 353 active forgers right now is not a lot.
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CM

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #261 on: September 08, 2016, 01:04:45 pm »

Is this bounty system still ongoing?
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rubenbc

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #262 on: September 08, 2016, 01:24:48 pm »

Yea

Enviado desde mi Redmi Note 3 mediante Tapatalk

kpstolk

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #263 on: September 08, 2016, 03:19:54 pm »

Is this bounty system still ongoing?

You can view the transactions from the Forging account:
mynxt.info/account/NXT-G98N-SZGX-Z8ZA-9HNY6

Still running  :)
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Dartgts

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #264 on: September 18, 2016, 02:20:42 pm »

Well it was at a all time high of around 400 forgers now its down to 332.
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S1G1

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #265 on: September 20, 2016, 07:00:52 pm »

My Pi Zero Node joined the forging army yesterday: NXT-PQJ4-3THC-4956-8WWWJ
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farl4bit

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #266 on: September 21, 2016, 08:05:06 am »

My Pi Zero Node joined the forging army yesterday: NXT-PQJ4-3THC-4956-8WWWJ

Welcome Node!  ;)
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vklomov

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #267 on: September 28, 2016, 11:21:26 am »

My node on 45.55.39.125 started and forging. NXT-CPYT-K8BR-CCUH-63JBK
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lurker10

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #268 on: September 28, 2016, 11:45:46 am »

My node on 45.55.39.125 started and forging. NXT-CPYT-K8BR-CCUH-63JBK

You need to put your address in the nxt.myPlatform setting though if you want to join the Lucky node lottery. See the link in my signature to learn how.
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Run a node - win a prize! "Lucky node" project jar: NXT-8F28-EDVE-LPPX-HY4E7

vklomov

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #269 on: September 28, 2016, 11:59:10 am »

My node on 45.55.39.125 started and forging. NXT-CPYT-K8BR-CCUH-63JBK

You need to put your address in the nxt.myPlatform setting though if you want to join the Lucky node lottery. See the link in my signature to learn how.

Thanks for info! Done.
Sure node is hallmarked and OpenAPI.
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lurker10

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #270 on: September 28, 2016, 12:47:57 pm »

My node on 45.55.39.125 started and forging. NXT-CPYT-K8BR-CCUH-63JBK

You need to put your address in the nxt.myPlatform setting though if you want to join the Lucky node lottery. See the link in my signature to learn how.

Thanks for info! Done.
Sure node is hallmarked and OpenAPI.

And remember to restart the node for changes to be visible on the network ;)
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Run a node - win a prize! "Lucky node" project jar: NXT-8F28-EDVE-LPPX-HY4E7

vklomov

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #271 on: September 28, 2016, 02:48:35 pm »

My node on 45.55.39.125 started and forging. NXT-CPYT-K8BR-CCUH-63JBK

You need to put your address in the nxt.myPlatform setting though if you want to join the Lucky node lottery. See the link in my signature to learn how.

Thanks for info! Done.
Sure node is hallmarked and OpenAPI.

And remember to restart the node for changes to be visible on the network ;)

Strange. I restarted node several times, but now i see on peerexplorer that Platform really didn't changed.
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lurker10

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #272 on: September 28, 2016, 03:43:50 pm »

Strange. I restarted node several times, but now i see on peerexplorer that Platform really didn't changed.

peerexplorer takes time to show changes.
You're good now for the node lottery, I checked and your node platform shows your NXT account.
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Run a node - win a prize! "Lucky node" project jar: NXT-8F28-EDVE-LPPX-HY4E7

box1413

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #273 on: September 28, 2016, 05:56:49 pm »

My Pi Zero Node joined the forging army yesterday: NXT-PQJ4-3THC-4956-8WWWJ

which tutorial did u follow to set this up? it just runs on raspbian?
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neofelis

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #274 on: September 28, 2016, 08:55:13 pm »


The point of the bounty was more forging power. If you have a lot of nxt to forge with your going make extra nxt no matter what. All this shows is the rich will get richer. Pools I can see need to get the reward, but some rich guy just getting richer while the little guy who would benefit from it the most and get nxt off the exchanges does not. 353 active forgers right now is not a lot.

I remember when it was <200 forgers.
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box1413

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #275 on: September 28, 2016, 09:30:53 pm »

what are some incentives one can do to kinda even out the playing field. it is true that the "rich" get richer, but regardless its such a small amount currently it doesnt really mean much. having that we know about this issue, what are some solutions we can come up with?

bottom line, it just doesnt "seem fair" to those with low amounts. but being fair is subjective. what is a good amount where it is fair? everyone will have a different number.

make it so that anyone with more than 1 million nxt cant forge that easily? but nothing stops them from making multiple machines with smaller amounts, that could be a possible solution. make the rich do extra work if they want to forge with high amounts by having them host more NODES on the network. if there was a max forge amount per node, this would require large holders to split their coins into multiple nodes, hence increasing node count and decentralization.

having that nxt is still in its infancy and low amount of users, we have the potential to have an upper hand because of this. this gives us more time to come up with solutions to problems like the "fairness" of POS systems.

What other solutions can you come up with?

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vklomov

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #276 on: September 28, 2016, 10:11:17 pm »

Strange. I restarted node several times, but now i see on peerexplorer that Platform really didn't changed.

peerexplorer takes time to show changes.
You're good now for the node lottery, I checked and your node platform shows your NXT account.

Thanks! I made node also archival. Plan to add one more node soon.
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vklomov

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #277 on: September 29, 2016, 09:03:53 am »

Strange. I restarted node several times, but now i see on peerexplorer that Platform really didn't changed.

peerexplorer takes time to show changes.
You're good now for the node lottery, I checked and your node platform shows your NXT account.

Thanks! I made node also archival. Plan to add one more node soon.

Also I had increase to address with bigger amount for forging on 45.55.39.125. New address - NXT-LQG5-8G55-L22C-86S4Y.
Sure hallmark and myPlatform also changed.
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neofelis

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #278 on: October 01, 2016, 02:07:09 pm »

what are some incentives one can do to kinda even out the playing field. it is true that the "rich" get richer, but regardless its such a small amount currently it doesnt really mean much. having that we know about this issue, what are some solutions we can come up with?

bottom line, it just doesnt "seem fair" to those with low amounts. but being fair is subjective. what is a good amount where it is fair? everyone will have a different number.

make it so that anyone with more than 1 million nxt cant forge that easily? but nothing stops them from making multiple machines with smaller amounts, that could be a possible solution. make the rich do extra work if they want to forge with high amounts by having them host more NODES on the network. if there was a max forge amount per node, this would require large holders to split their coins into multiple nodes, hence increasing node count and decentralization.

having that nxt is still in its infancy and low amount of users, we have the potential to have an upper hand because of this. this gives us more time to come up with solutions to problems like the "fairness" of POS systems.

What other solutions can you come up with?

I like this solution.  I have two machines forging right now.  If the max an account can have to forge is say 1M nxt, the "little guy" would stand a better chance of getting a block.  Also, while it's true that the rich get richer, the poor also get richer, just not as fast.  People need to stop worrying about what others are doing and stop being jealous of others' success.  The "rich" got that way because they recognized BCNext's vision and supported it early.  They earned their riches and we should applaud them.
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lurker10

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #279 on: October 08, 2016, 08:03:49 am »

Price of NXT has been declining and Lucky node rewards haven't been as sweet as in summer. Megalodon thinks it a good idea to increase them, so starting today payouts will be raised by 50%. Keep them nodes online :)
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Run a node - win a prize! "Lucky node" project jar: NXT-8F28-EDVE-LPPX-HY4E7
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