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

Nxter · « **Reply #40 on:** May 08, 2014, 05:07:12 pm »

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

Tosch110 · « **Reply #41 on:** May 08, 2014, 05:08:23 pm »

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 · « **Reply #42 on:** May 08, 2014, 05:13:50 pm »

Quote from: Nxter on May 08, 2014, 05:07:12 pm

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...

furball · « **Reply #43 on:** May 08, 2014, 06:12:50 pm »

Quote from: forkedchain on May 08, 2014, 04:12:11 pm

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!

nCtrl · « **Reply #44 on:** May 08, 2014, 07:21:29 pm »

And the first non-empty block arrives: http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=1000&blk=6492155331028455611

forkedchain · « **Reply #45 on:** May 08, 2014, 07:24:26 pm »

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.

forkedchain · « **Reply #46 on:** May 08, 2014, 08:07:05 pm »

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.

Tosch110 · « **Reply #47 on:** May 08, 2014, 08:09:23 pm »

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 · « **Reply #48 on:** May 08, 2014, 08:11:16 pm »

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.

vytasz7 · « **Reply #49 on:** May 08, 2014, 09:23:12 pm »

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

gary · « **Reply #50 on:** May 08, 2014, 09:29:28 pm »

Hello,

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

Thanks !

Brangdon · « **Reply #51 on:** May 08, 2014, 09:37:35 pm »

Quote from: Brangdon on May 06, 2014, 09:05:29 pm

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.

pandaisftw · « **Reply #52 on:** May 08, 2014, 09:45:23 pm »

Quote from: Brangdon on May 08, 2014, 09:37:35 pm

Quote from: Brangdon on May 06, 2014, 09:05:29 pm
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 · « **Reply #53 on:** May 08, 2014, 10:30:42 pm »

Quote from: gary on May 08, 2014, 09:29:28 pm

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.

allwelder · « **Reply #54 on:** May 09, 2014, 02:54:39 am »

will have a try

forkedchain · « **Reply #55 on:** May 09, 2014, 01:28:26 pm »

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?

Tosch110 · « **Reply #56 on:** May 09, 2014, 01:33:48 pm »

Thats it. Thanks

Oh, and can you translate NQT to NXT? (like 0.01 NXT)

Nxter · « **Reply #57 on:** May 09, 2014, 01:36:37 pm »

Quote from: forkedchain on May 09, 2014, 01:28:26 pm

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?

rlh · « **Reply #58 on:** May 09, 2014, 02:58:03 pm »

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.

forkedchain · « **Reply #59 on:** May 09, 2014, 03:10:53 pm »

yeah im locking down the web directory. will be up later. the system is still running behind the scenes

News:

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