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Nxt Forging Calculator

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Author Topic: Nxt Forging Calculator  (Read 22122 times)

salsacz

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Nxt Forging Calculator
« on: July 20, 2014, 05:08:42 pm »
A few weeks ago was introduced:
Nxt Forging Calculator (http://www.mynxt.info/forging_calculator.php)
Calculate how much you could forge! In NXT you forge instead of mining and how many blocks you can forge depends on how much NXT you have. Use this brand new calculator to find out how much you have forged.

More about other MyNxt tools at: http://nxtcoin.blogspot.com/2014/06/mynxt-online-wallet-now-be-trustless.html
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mczarnek

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Re: Nxt Forging Calculator
« Reply #1 on: August 06, 2014, 08:15:10 am »
I like this tool!

Hmm.. should be a way to determine what percentage of the network is actually forging.. if only 30% of the network is forging, then that means you will forge 3 times as often.  No way are 975,248,306 Nxt currently forging...
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abuelau

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Re: Nxt Forging Calculator
« Reply #2 on: August 06, 2014, 11:33:16 am »
Quote from: mczarnek on August 06, 2014, 08:15:10 am
I like this tool!

Hmm.. should be a way to determine what percentage of the network is actually forging.. if only 30% of the network is forging, then that means you will forge 3 times as often.  No way are 975,248,306 Nxt currently forging...

This is a good point, I raised this question back when the tool was launched but no one seemed to know and in my mind it's an outstanding topic.

I currently take the information from totalEffectiveBalanceNXT in the getState API. If this doesn't represent the total NXT forging, I have a few ideas on how to estimate that.
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nexern

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Re: Nxt Forging Calculator
« Reply #3 on: August 06, 2014, 12:03:17 pm »
Quote from: abuelau on August 06, 2014, 11:33:16 am
Quote from: mczarnek on August 06, 2014, 08:15:10 am
I like this tool!

Hmm.. should be a way to determine what percentage of the network is actually forging.. if only 30% of the network is forging, then that means you will forge 3 times as often.  No way are 975,248,306 Nxt currently forging...

This is a good point, I raised this question back when the tool was launched but no one seemed to know and in my mind it's an outstanding topic.

I currently take the information from totalEffectiveBalanceNXT in the getState API. If this doesn't represent the total NXT forging, I have a few ideas on how to estimate that.

abuelau, you can follow this approach which is working fine so far.

https://nxtforum.org/general-discussion/nxt-is-not-trustless-and-premined-by-very-few-people-how-do-you-answer-that/msg69195/#msg69195

and here:

http://nxtexplorer.com/nxt/nxt.cgi?action=160

with some additional work and parameters, you could code a very precise forging calculator.
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HCLivess

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Re: Nxt Forging Calculator
« Reply #4 on: December 11, 2014, 02:24:33 pm »
Hello, can you please update your tool? It seems not to work anymore, reports 0% probability on any amount.
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abuelau

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Re: Nxt Forging Calculator
« Reply #5 on: December 11, 2014, 03:09:59 pm »
Quote from: HCLivess on December 11, 2014, 02:24:33 pm
Hello, can you please update your tool? It seems not to work anymore, reports 0% probability on any amount.

Yes, we are going to fix it. Taking a bit longer than I would want, but it will be done. Sorry for the delay.
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abuelau

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Re: Nxt Forging Calculator
« Reply #6 on: December 17, 2014, 10:46:33 pm »
And FINALLY we have it fixed and improved! :)

We now have a novel way to calculate the total network forging power based on the previous 1000 blocks and the results are very accurate.

Take a look: http://www.mynxt.info/forging_calculator.php

enjoy!
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Trinibits

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Re: Nxt Forging Calculator
« Reply #7 on: December 23, 2014, 01:17:08 pm »
Many Thanks  :)
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achim

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Re: Nxt Forging Calculator
« Reply #8 on: December 23, 2014, 02:46:59 pm »
Quote from: abuelau on December 17, 2014, 10:46:33 pm
And FINALLY we have it fixed and improved! :)

We now have a novel way to calculate the total network forging power based on the previous 1000 blocks and the results are very accurate.

Take a look: http://www.mynxt.info/forging_calculator.php

enjoy!

Great! Is "Average fees generated per day" also an average of 1000 blocks?
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abuelau

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Re: Nxt Forging Calculator
« Reply #9 on: December 23, 2014, 05:18:45 pm »
Quote from: achim on December 23, 2014, 02:46:59 pm
Quote from: abuelau on December 17, 2014, 10:46:33 pm
And FINALLY we have it fixed and improved! :)

We now have a novel way to calculate the total network forging power based on the previous 1000 blocks and the results are very accurate.

Take a look: http://www.mynxt.info/forging_calculator.php

enjoy!

Great! Is "Average fees generated per day" also an average of 1000 blocks?

No, we use the 1000 blocks to figure out the total forging power of the network.

The average fees generated per day is done by looking at how many fees were generated in the last "x" days (need to check the exact amount) and then dividing the amount of blocks found per the same "x" days.
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V0174

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Re: Nxt Forging Calculator
« Reply #10 on: May 05, 2015, 10:06:39 am »
Hi,
the forging calculator doesn't work for me now. IE shows HTTP 500 error, Firefox just a blank page.
Is it just me?
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Vyazhan

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Re: Nxt Forging Calculator
« Reply #11 on: May 06, 2015, 10:14:09 pm »
Quote from: V0174 on May 05, 2015, 10:06:39 am
Hi,
the forging calculator doesn't work for me now. IE shows HTTP 500 error, Firefox just a blank page.
Is it just me?

No, I get the same in Firefox.
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abuelau

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Re: Nxt Forging Calculator
« Reply #12 on: May 08, 2015, 10:01:16 pm »
Hi guys thanks for reporting this. It has now been fixed.
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Vyazhan

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Re: Nxt Forging Calculator
« Reply #13 on: May 09, 2015, 06:14:09 pm »
Thanks for the quick fix :)
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HCLivess

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Re: Nxt Forging Calculator
« Reply #14 on: June 09, 2015, 11:08:17 am »
Quote from: abuelau on May 08, 2015, 10:01:16 pm
Hi guys thanks for reporting this. It has now been fixed.
seems like theres still some problem, not running in Chrome
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akamax03

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Re: Nxt Forging Calculator
« Reply #15 on: March 22, 2018, 05:34:15 am »
Is this tool still available? The link here does not work.
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VanBreuk

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Re: Nxt Forging Calculator
« Reply #16 on: March 22, 2018, 11:51:51 am »
Quote from: akamax03 on March 22, 2018, 05:34:15 am
Is this tool still available? The link here does not work.

It does work - https://mynxt.info/forging_calculator.php

Try to refresh and update either parameter (amount of NXT and deadline) to see the estimate.
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