Post
Topic
Board Altcoin Discussion
Re: NXT coin - A total scam?
by
salsacz
on 22/01/2014, 18:44:10 UTC
You have 1000 Nxt, you can mine X Nxt

You have 100.000 Nxt, you can mine 100X Nxt

So in the world of Bitcoin, it is Rich get richer. In the wolrd of Nxt, it is LINEAR!

Actually you have a 1 in 0.000001 chance if you have 1000 NXT.

Source: http://www.nxtcrypto.org/nxt-coin/more-nxt-proof-stake-forging

I was using "X" as a chance. This chance is actually higher, because not all people with Nxt are forging, forging are maybe 1%, so chance can be 0.0001. But still, with this number, if you use 100x 1000 Nxt, you get chance to: 0.01.
But if you had chance 0.0001 with 1000$ GPU for BTC, you would have chance  0.01 with 100x1000$ GPU (+100x electrocity), but instead of buying 100x1000$ GPU, you would buy 1 supermachine for 100.000$ and the chance wouldn't be 0.01, but 1 or even more. Bitcoin is rich get richer.