Quote from: ricot on January 11, 2014, 12:10:23 AM

Quote from: kavin2468 on January 11, 2014, 12:05:23 AM

Quote from: ricot on January 11, 2014, 12:01:33 AM

Quote from: kavin2468 on January 10, 2014, 11:57:08 PM

This might be a stupid question but...is there a way to tell how much NXT there is running among the online nodes and how much NXT in transaction fees is actually circulating? I am trying to figure out how much my NXT will forge for me and although I don't have millions of it I was looking forward to SOME kind of return. I have been funded for a little over an hour I would say and I know I need to wait longer but I would like to at least get an idea to I know what kind of return to expect.

Thanks to anyone who can help edumacate me!

The network is currently generating some 700ish blocks per day, out of 1440 which it would, if all accounts forged. So the forging amount should be somewhere in the range of 50%, i.e. 500M NXT.
Meaning, approx., with 1M you would generate every 500th block, so a little more than 1 per day on average.

[edit]
New accounts can start forging 1440 blocks after the first transaction to that account.
About a third of the blocks have fees, and the fees are usually single-digit.

So when you generate a block do you take ALL of the transaction fees? And when you say single digit, do you mean that, according to the above scenario, the person with 1M NXT will forge less than 10 NXT in transaction fees daily IFF he hits a block with transaction fees at all? That sounds...pretty brutal.

Yep, that's what it is...
You can get a lot of such statistics here: http://87.230.14.1/nxt/nxt.cgi?action=40

Current yields on NXT is less than 1% per year, around half percent per year. However, there are only two mechanisms to generate transaction fees now. In a few months, I expect the yield to go up significantly. Keep in mind the yield on all other cryptos (including BTC) is 0%. Peercoin has 1%, but it also has inflation of around 1%, so inflation adjusted is around 0%. I might be wrong on peercoin, but I think the net yield for peercoin is close to 0%

Very early days for NXT. Very early days

James