so with NXT, if i have a wallet with say 1000 NXT, how long does it take to 'forge' new coins and how much will i get in return?
is there a minimum of coins you have to hold?
can someone give me a quick summary please? if you dont 'mine' nxt but rather earn them just by running a wallet then i'll give it a go. I've never really read much into the whole proof of stake thing.
Don't expect to earn a lot by forging. Forging income, which is just the transfer fee of the blocks your account generates, is only comparable to bank interest, or even less since most of the blocks are empty at the moment (There will be more transfers when the features are released).
The dev said the effective balance (the power you use to forge) is still in whole NXT, which means that you can forge with 1 nxt at the moment (though the chance is extremely low) but not with 0.1 nxt.
You only need to open the wallet keeping your account unlock to forge. When the Account Leasing is enabled a few days later, you can also lease your forging power (without moving your NXT from your wallet) to a pool let the pool take care of the forging, then you don't even need run anything.