Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
JKBtCn
on 18/02/2014, 10:08:34 UTC
Hey guys, how much NXT do I actually need to forge some blocks?

I currently have 10, yes ten, no not 10K, and it says that I can generate a block in 22429 days... Is this for real?  Huh

Thanks!

Even with 100k nxt you will not make any money forging so get that mentality out of your head from the start and welcome to the beginning of the rest of your life.

I've been trying to learn more about forging (transparent forging) and you raise the exact issue I am looking to resolve as a recent investor. You make it sound like 100,000 NXT is not enough to forge.

I am a miner at heart and like the idea of forging but the more I read about NXT, it seems that only the original stakeholders (or those with a huge number of NXT) are the ones who can successfully forge (gain/accumulate NXT)? How many NXT are needed to forge and what returns could one expect from say 500,000 NXT? Does the chance to forge change over time, i.e. what variables other than my account holdings and online status as a node affect forging success?

This issue has been difficult to get my head around as a recent adopter. I have not forged any NXT since opening my account (20,000 NXT) a few weeks ago and it sounds like from your response that this number is a laughing matter...I will never forge with that amount. Could some one provide some insight or a link to where forging and returns are discussed?