elective-stereophonic
elective-stereophonic
Re: NXTCrypto.org leased forging pool - - CEASING OPERATIONS singapore
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.12.2

Pages: 1 2 [3] 4 5 ... 26

Author Topic: Re: NXTCrypto.org leased forging pool - - CEASING OPERATIONS  (Read 117116 times)

Nxter

  • Hero Member
  • *****
  • Karma: +61/-7
  • Offline Offline
  • Posts: 597
    • View Profile

If i buy more NXT and transfer them to the leasing account, does the pool get the forging power of those new NXT automatically?
Logged

Tosch110

  • Hero Member
  • *****
  • Karma: +211/-18
  • Offline Offline
  • Posts: 2365
    • View Profile

I think you might have to wait twice to receive 1440 Confirmations.

First at your account, then for the lease. But this should all happen automatically as far as i know

chanc3r

  • Hero Member
  • *****
  • Karma: +124/-50
  • Offline Offline
  • Posts: 1019
  • NXTInspect
    • View Profile

If i buy more NXT and transfer them to the leasing account, does the pool get the forging power of those new NXT automatically?

It gets your effective balance - it takes 1440 confirms for NXT to be added to your effective balance...
Logged
NXT: 29996814460165 (NXT-JTA7-B2QR-8BFC-2V222)
@imrimr @NXTinspect

furball

  • Jr. Member
  • **
  • Karma: +5/-0
  • Offline Offline
  • Posts: 42
    • View Profile

hah, in fact that zero balance is what cause my program to crash last night and thats why for a few hours the reporting was hung and all screwey

what happened is i had my program set to just strip of the last 8 digits to convert NQT to NXT, but if your balance is already zero....

well its fixed for now but I need to do 1 more thing to that part of the logic as when fractional NXt kicks in itll do it again.

Ooops! Sorry bout that!  :-\ Glad you got it sorted...appreciate the hard work you put in!
Logged
Looking forward to the NXT thing!
NXT : 6148767127562196459

nCtrl

  • Sr. Member
  • ****
  • Karma: +31/-0
  • Offline Offline
  • Posts: 254
    • View Profile
Logged

forkedchain

  • Ex-Staff Member
  • Hero Member
  • *****
  • Karma: +74/-10
  • Offline Offline
  • Posts: 1190
  • bite me
    • View Profile

yeah, reporting php webpage isnt working though, which is odd, if you look at the lab, it works perfectly.  ill figure it out...
Code: [Select]
+----------------------+---------------------+--------+------------------+-------------+-------------+-----------+-------------+
| account              | forgedBlockId       | height | effectiveBalance | poolBalance | ratio       | blockFees | earningsNQT |
+----------------------+---------------------+--------+------------------+-------------+-------------+-----------+-------------+
| 10889196890436167919 | 6492155331028455611 | 132078 |                0 |     2981142 | 0.000000000 | 100000000 |           0 |
| 12758007407737452756 | 6492155331028455611 | 132078 |             1939 |     2981142 | 0.000650421 | 100000000 |       65042 |
| 14171799391129501383 | 6492155331028455611 | 132078 |              646 |     2981142 | 0.000216695 | 100000000 |       21670 |
| 1460178482           | 6492155331028455611 | 132078 |                1 |     2981142 | 0.000000335 | 100000000 |          34 |
| 1919203033409008852  | 6492155331028455611 | 132078 |             1197 |     2981142 | 0.000401523 | 100000000 |       40152 |
| 2319251              | 6492155331028455611 | 132078 |            20296 |     2981142 | 0.006808129 | 100000000 |      680813 |
| 5720962949012144242  | 6492155331028455611 | 132078 |          2197902 |     2981142 | 0.737268469 | 100000000 |    73726847 |
| 6356615938955034032  | 6492155331028455611 | 132078 |           592893 |     2981142 | 0.198881167 | 100000000 |    19888117 |
| 648774468            | 6492155331028455611 | 132078 |              697 |     2981142 | 0.000233803 | 100000000 |       23380 |
| 6896696397779426254  | 6492155331028455611 | 132078 |            58998 |     2981142 | 0.019790402 | 100000000 |     1979040 |
| 7606968008269260975  | 6492155331028455611 | 132078 |            87146 |     2981142 | 0.029232421 | 100000000 |     2923242 |
| 8052554912049761802  | 6492155331028455611 | 132078 |            17585 |     2981142 | 0.005898746 | 100000000 |      589875 |
| 8181621363552733045  | 6492155331028455611 | 132078 |             1842 |     2981142 | 0.000617884 | 100000000 |       61788 |
+----------------------+---------------------+--------+------------------+-------------+-------------+-----------+-------------+

ok the table displays now but for some reason it things every block generated it the pools .... hold tight.
« Last Edit: May 08, 2014, 07:52:14 pm by forkedchain »
Logged
NXT tips: 2319251 or NXT-8SWM-2224-YKWW-22222

forkedchain

  • Ex-Staff Member
  • Hero Member
  • *****
  • Karma: +74/-10
  • Offline Offline
  • Posts: 1190
  • bite me
    • View Profile

ok got that resolved.  next im going to add the time to generate a block on the status page

and also now should also show empty blocks in the earnings table.
Logged
NXT tips: 2319251 or NXT-8SWM-2224-YKWW-22222

Tosch110

  • Hero Member
  • *****
  • Karma: +211/-18
  • Offline Offline
  • Posts: 2365
    • View Profile

I have heard that was very buggy on the old NRS. I never forged a block then so I don't know.

Is there any news or upgrades since then? Or do you estimate a time by given forging power (as odds)?

forkedchain

  • Ex-Staff Member
  • Hero Member
  • *****
  • Karma: +74/-10
  • Offline Offline
  • Posts: 1190
  • bite me
    • View Profile

its not an estimation, its a countdown timer to the point where your account can generate a block that will be accepted as the next block by all other nodes on the chain.

so if no one else comes eligible before that period of time is up, you forge.
« Last Edit: May 08, 2014, 08:41:40 pm by forkedchain »
Logged
NXT tips: 2319251 or NXT-8SWM-2224-YKWW-22222

vytasz7

  • Jr. Member
  • **
  • Karma: +3/-0
  • Offline Offline
  • Posts: 69
    • View Profile

when i tried to lease my nxt, i got incorect deadline wrote 1440 why is that?
Logged

gary

  • Newbie
  • *
  • Karma: +1/-0
  • Offline Offline
  • Posts: 12
    • View Profile

Hello,

Do you think it will be possible to make your program opensource ?

Thanks !
Logged
-

Brangdon

  • Hero Member
  • *****
  • Karma: +229/-25
  • Offline Offline
  • Posts: 1389
  • Quality is addictive.
    • View Profile

Anyway, this seems like a cool thing. My chances of successfully mining are so low it doesn't seem worth leaving my computer on 24/7, so I was feeling disenfranchised. This should fix that.
Thinking about this some more, I guess it helps but it doesn't fix it. If it costs 1 NXT to lease for 22 days, then it is only worth me leasing if I have enough forging power to earn more than 1 NXT in that time. Even if it turns out leasing for longer is possible, the longer the lease period, the less responsive we can be to dishonest pool managers.

Obviously decreasing the fees won't change this, because that would also reduce the forging revenue to be shared. Having a different minimum fee for leasing versus other transaction types would help, but it would set a bad precedent that would quickly become a political nightmare, because every feature would want cheap fees to encourage its use; uniform fees are simpler. It may be that poor people just can't be helped.

However, it seems to me it'd be better if leases ran until cancelled. Then that 1 NXT cost would be ameliorated over a much longer time period. Although being able to cancel a lease looks like a poor deal for the pool, from their point of view it's no different to me creating a new account and transferring my balance to it. From my point of view being able to cancel would save the inconvenience of managing the second account. I doubt people would cancel frivolously, because they lose their forging power for 24 hours each time they do it. So I'm not seeing any obvious drawback to this approach. Was it considered when the leasing feature was designed, and if so, what was the reason it was rejected? I'm new to NXT so no doubt I'm missing something.
Logged

pandaisftw

  • Full Member
  • ***
  • Karma: +12/-1
  • Offline Offline
  • Posts: 142
    • View Profile

Anyway, this seems like a cool thing. My chances of successfully mining are so low it doesn't seem worth leaving my computer on 24/7, so I was feeling disenfranchised. This should fix that.
Thinking about this some more, I guess it helps but it doesn't fix it. If it costs 1 NXT to lease for 22 days, then it is only worth me leasing if I have enough forging power to earn more than 1 NXT in that time. Even if it turns out leasing for longer is possible, the longer the lease period, the less responsive we can be to dishonest pool managers.

Obviously decreasing the fees won't change this, because that would also reduce the forging revenue to be shared. Having a different minimum fee for leasing versus other transaction types would help, but it would set a bad precedent that would quickly become a political nightmare, because every feature would want cheap fees to encourage its use; uniform fees are simpler. It may be that poor people just can't be helped.

However, it seems to me it'd be better if leases ran until cancelled. Then that 1 NXT cost would be ameliorated over a much longer time period. Although being able to cancel a lease looks like a poor deal for the pool, from their point of view it's no different to me creating a new account and transferring my balance to it. From my point of view being able to cancel would save the inconvenience of managing the second account. I doubt people would cancel frivolously, because they lose their forging power for 24 hours each time they do it. So I'm not seeing any obvious drawback to this approach. Was it considered when the leasing feature was designed, and if so, what was the reason it was rejected? I'm new to NXT so no doubt I'm missing something.

IMO, if and when the minimum fee is reduced, we'll see a lot more transactions. Some of it will be from users, but I'd wager most of it would be from services that are built ontop of NXT suddenly being able to cheaply send out a ton of transactions that would have been cost prohibitive before.

Pandaisftw

forkedchain

  • Ex-Staff Member
  • Hero Member
  • *****
  • Karma: +74/-10
  • Offline Offline
  • Posts: 1190
  • bite me
    • View Profile

Hello,

Do you think it will be possible to make your program opensource ?

Thanks !

no, ive spent waaaaay to much time on this.  maybe if techdev committe wanted to fund me I might.
Logged
NXT tips: 2319251 or NXT-8SWM-2224-YKWW-22222

allwelder

  • Hero Member
  • *****
  • Karma: +196/-13
  • Offline Offline
  • Posts: 1867
  • NxtChina.org
    • View Profile
    • NxtChina.org

will have a try
Logged
NxtChina |Weibo |Twitter Donation welcomed:NXT-APL9-66GU-K8LY-B3JJJ

forkedchain

  • Ex-Staff Member
  • Hero Member
  • *****
  • Karma: +74/-10
  • Offline Offline
  • Posts: 1190
  • bite me
    • View Profile

so what improvements to reporting do you all want next.  today I will work on updating number of blocks forged on the status page, and also making a view of individual accounts and their blocks/earnings.

but after that?
Logged
NXT tips: 2319251 or NXT-8SWM-2224-YKWW-22222

Tosch110

  • Hero Member
  • *****
  • Karma: +211/-18
  • Offline Offline
  • Posts: 2365
    • View Profile

Thats it. Thanks :D

Oh, and can you translate NQT to NXT? (like 0.01 NXT)
« Last Edit: May 09, 2014, 01:35:27 pm by Tosch110 »
Logged

Nxter

  • Hero Member
  • *****
  • Karma: +61/-7
  • Offline Offline
  • Posts: 597
    • View Profile

so what improvements to reporting do you all want next.  today I will work on updating number of blocks forged on the status page, and also making a view of individual accounts and their blocks/earnings.

but after that?


A column with the remaining leasing time for the leasing accounts?
A list of upcoming leasing accounts with effective balance and the estimated time for them to become effective?
Logged

rlh

  • Sr. Member
  • ****
  • Karma: +31/-7
  • Offline Offline
  • Posts: 404
    • View Profile

The status page appears to be down.  I might have attempted to access it during a server restart, but just an FYI.  I wanted to see if my Nxt contribution had shown up yet.
Logged
C# Nxt Small Address VanityGen - http://bit.ly/nxtminvanity
C# Nxt RS Address VanityGen - http://bit.ly/nxtrsvanity
Send Donations to my offline Nxt account: NXT-FRS2-MQR5-758P-ANNEX

forkedchain

  • Ex-Staff Member
  • Hero Member
  • *****
  • Karma: +74/-10
  • Offline Offline
  • Posts: 1190
  • bite me
    • View Profile

yeah im locking down the web directory.  will be up later.  the system is still running behind the scenes
Logged
NXT tips: 2319251 or NXT-8SWM-2224-YKWW-22222
Pages: 1 2 [3] 4 5 ... 26
 

elective-stereophonic
elective-stereophonic
assembly
assembly