Post
Topic
Board Altcoin Discussion
Re: NXT, LTC
by
Minerjoe
on 02/09/2014, 10:32:52 UTC
What about NXT forging, is that profitable? How many coins do I need to own to forge anything significant ATM?

Forging is for securing the network, not for profit, it only brings 0.5% yearly, no more, with the current volume of txs.

So there is no way to mine NXT, forging brings next to nothing, why would I buy NXT then? If price speculation is the only thing I make money with NXT, this is not something I am interest in. After all, there are coins offering higher POS annual reward then 0.5%. If I miss something, please do correct me, quite green when talking about NXT.