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Showing 18 of 18 results by demols
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Board Announcements (Altcoins)
Re: [ANN] BitcoinDark (BTCD)--Sha-256/PoW-PoS hybrid/Bounty Opportunities
by
demols
on 16/08/2014, 14:21:27 UTC
thanks for the quick reply   i just donated 50.47184647 BTCD to

"Donation Update!

Total can now be checked on http://bitcoindark.net/development-pot and can be found under the Fundraiser pulldown on the top bar.

We're now asking the community to help raise funds for development purposes.  We currently have a lot in the pipeline, and we have need to fund Core Development, Website Development, Promotion and Marketing, etc.

All donations will be pooled into one large fund with which the dev team will then use on a need to need basis.  The process will be transparent and all funds being paid out will be listed on the new website. 

Our short term goal is to raise 5000 BTCD.  We hope the BitcoinDark community can provide the support we need to make BTCD one of the top coins around!

James (jl777) will match all BTCD raised for donations with an equal market value of NXTprivacy

Please support BitcoinDark development by providing a donation to the following address:

RDtnnLj5LQ8YMxBJbHX1N4jNKeaC67FLGW "

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Topic
Board Announcements (Altcoins)
Re: [ANN] BitcoinDark (BTCD)--Sha-256/PoW-PoS hybrid/Bounty Opportunities
by
demols
on 16/08/2014, 12:33:07 UTC
I just download the wallet i can make a backup ( this will be a .dat file ) but where can i import this file iff i need to ?
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Topic
Board Announcements (Altcoins)
Re: [ANN] BitcoinDark (BTCD)--Sha-256/PoW-PoS hybrid/Bounty Opportunities
by
demols
on 08/08/2014, 21:05:27 UTC
some have mentioned a large number of rejected mined blocks
I think system clock synchronization could be an issue
ntp is what I use, but I do not know how to sync system clock in windows
If anybody knows, please post instructions, thanks


http://lifehacker.com/5819797/synchronize-your-windows-clock-with-an-alternative-time-server-to-increase-accuracy
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Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
demols
on 28/01/2014, 10:29:20 UTC
is there a thread for nxt odroid owner  , i have a  few question / problems with my odroid ?

i started a thread here https://nextcoin.org/index.php/topic,3642.0.html
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Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
demols
on 27/01/2014, 11:49:53 UTC
is there a thread for nxt odroid owner  , i have a  few question / problems with my odroid ?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NEM : Descendant of NXT - 4 billion coins - Equal Shares for ALL
by
demols
on 26/01/2014, 17:31:54 UTC
just send 81 nxt with account 2383760947664047425
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] PiNX :: descendant of NXT — So much YUM
by
demols
on 20/01/2014, 16:34:29 UTC
Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
demols
on 20/01/2014, 15:41:26 UTC
Well, I faced a moral dilemma and would like to ask for an advice...

FrictionlessCoin created a thread dedicated to NEX (descendant of NXT). I had a lot of fun reading that thread but I suspect some people took NEX seriously. The problem is that if FC waits till April when Nxt source code becomes completely open, he still won't be able to generate a valid genesis block, coz Nxt uses a crypto algo modified by BCNext (this is why we collected 10 BTC for the audit). I support all cryptocurrencies and would like to help him to create a new genesis block, competition is good for the whole crypto-community. But this could look not very good to guys who own NXTs...

What would u do?

Can't you let him make a clone on top of the nxt blockchain ?
Post
Topic
Board Marketplace (Altcoins)
Re: Trading Thread for Nxt :: Descendant of Bitcoin
by
demols
on 18/01/2014, 13:50:17 UTC
500'000NXT @ 0.000035btc

Rush sale and accepts fractionals => 1 btc

pm
Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
demols
on 12/01/2014, 13:09:40 UTC
There should be a marketing video with an instruction video with the things you need to buy and what the return on investment is . Or change the giveaway or faucet and only do a giveaway to people who run nxt on rasberry pi or odroid . Motivate new nxters to run nxt !


This is what I don't understand and hope you can explain -- what are the benefits (ROI-wise) from running a RasPi?

I'm already running my client on my MBP. What benefit do I gain from running an additional RasPi? Sure, there's some minuscule goodwill going on in helping the network. But it won't help my forging at all.

Why should I drop $100 on a Pi and not just buy another 2000 NXT?

If there's a tangible upside, I'll be adding a Pi every week (actually, probably something beefier like an odroid, but that's for another thread).

a stronger network ?
Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
demols
on 12/01/2014, 10:10:12 UTC
I need a little advice: How can we calculate a daily cost of Nxt web?

Something like:
number of peers x watts of the average computer? and transfer kW in Dollars?

Do we know a number of forging computers?

I do a simple calculation for you as following:

Say 10, 000 nodes in the network for Nxt, as you know there are about 10,000 accounts.

Say each node is a Pi, say each pi consumes 10Watts, so total 100kW, it's 2400 kWh, which is just $600 a day with $0.25 per kWh.

Say each node is a server with 500 Watts, that's 50 times of the above calculation, so it is about $30,000 a day.

So I predict a total power consumption is in the range of $600 ~ $30,000 a day, and most probably below $10000.

Wow, that's the most efficient system in the crypto currency world.


Edit: go on a simple calculation of the price for Nxt. Presently a day's tx fee is ~ 5000 Nxt, if it should cover the power consumption, that is, $600/5000 ~ $30,000/5000, so the Nxt price in the range $0.12 ~ $6.

Yeah, my pricing for Nxt is $0.12 ~ $6.



But there are 300 nodes, not 10k:

http://peerexplorer.com/

Quote
donate(1), 22k(3), 22k.io(66), BEER(1), CentOS(2), FreeBSD(1), linux(6), NCC-1701-D(1), NCC-1864(1), nxt.now.im(12), nxt86(2), PC(121), PC BaiMang...(2), PC-2212(1), Raspberry(1), RaspNXT(1), Rpi(1), RPi Solari...(1), SPARC(1), strawberry(1), Unknown(43), VPS(17), xrp.pw/nxt(1):

(4+66+1+1+12+2+43+17+1)x20W = 3kW
+
(2+6+1+1+121+2+1+1+1+1+1+1+1)x5W = 0.7kW

= 4kW

24(hours)x4(kW)x0.15/kWh = 14 USD

A Raspberry Pi only uses 2W at most:  400ma @ 5V.  This has to come from a power supply that has some conversion efficiency of 50-80% or so.  Let's be conservative and say we're using a 50% efficient wall plug transformer.  Then each Raspberry is using 4W of wall power to generate the 2W it actually needs to run.  Say electricity is $0.15 per kWh.  Then in a year of 365*24 = 8760 hours, a single Raspberry Pi is going to use 8760 * 4 = 35,040 watt-hours or 35 kWh per year costing 35 * 0.15 = $5.25 of electricity per year.  

Thus the power to run a Pi is thus real but pretty negligible in the overall cost picture.  You can run 25 Pis nonstop for a solid year for the same amount of juice required to leave a 100W incandescent bulb on day and night for a year.

As a reasonable estimate, a single Pi costs around $120 as capital outlay to set it up for a year of service as an NXT node:  $35 for the Pi itself; $30 more for the memory card, cables, cluster support gear, etc; $ 5 for a year's worth of power; and say $50 per year (around $2 / mo) to park it in a server farm.  A network of 300 Pis thus costs $36,00 to set up and run for a year (of which $15,000 per year or $1250 per month is "office rental" and "human tech support" and "internet bandwidth").  

If there are truly 5000 NXT per day generated in transaction fees as assumed above, that's 365*5000 = 1,825,000 NXT per year.  If you are using 300 Pis at $36,000 per year to capture ALL those transaction fees, you are spending $36,000 / 1,825,000 NXT = $0.02 per NXT or around 2 pennies per NXT to capture the NXT using Raspberry Pis.  At 0.00005 BTC/NXT and $800/BCT, a NXT is currently worth $0.04 cents.  

Rough ballpark estimate: Capturing NXT with Raspberry Pis could double your money in a year at current NXT prices.  The Raspberry cost is fixed; the ROI gets better and better the higher and higher NXT goes.

http://coen.boisestate.edu/ece/files/2013/05/Creating.a.Raspberry.Pi-Based.Beowulf.Cluster_v2.pdf

I seem to recall that people are setting up VPSs for around $20 per month or $240 per year, which is double the cost of setting up a Raspberry Pi for a year as outlined above.  Thus while NXT is at its current $0.04 each, capturing NXT with VPSs is a break-even proposition.

These are actually great numbers.  The return-on-investment or ROI for forging NXT is positive NOW and will be even more profitable when NXT coins become more valuable.  Thus even with NXT as a Proof-of-Stake coin without mining, there is STILL financial motivation for people to run the nodes required to keep the NXT system going.  For a pre-mined coin, that is a remarkable statement.

Oh and the daily cost of the NXT support web running on 300 Raspberry Pi nodes is $36,000 / 365 = $98.63 per day.  Do it on 300 VPSs instead, and the daily NXT support web cost is around $200 per day.



There should be a marketing video whit an instruction video with the things you need to buy and what the return on investment is . Or change the giveaway or faucet and only do a giveaway to people who run nxt on rasberry pi or odroid . Motivate new nxters to run nxt !
Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
demols
on 07/01/2014, 19:33:46 UTC
I don't hold any NXT, but I've been following NXT for the past two weeks or so and noticed something I don't really get.

How come there are such large jumps in trading volume for NXT? Last week, there has been a period of it being at around $400,000-ish every day. This morning I'm pretty sure it was in the $30,000 range and now it's at $150,000. For comparison, when NXT was at $400,000, NMC and PPC, the two biggest "secondary" alts, were at $800,000-$900,000 trading volume and the market was quite calm in general due to crash recovery, holidays, etc. Right now, the market is booming and both those have trading volumes well over $3,000,000, with NXT, as mentioned, being way lower than before. Didn't watch other alts too closely, but I guess it's reflected there as well to an extent - at the very least I think it's the case for those coins traded on BTC-e.

I don't have any proof and can't find any historical comprehensive source on altcoin performances right now, so my memory might trick me on this one. Still, though, how is that possible? That, including the whole distribution mode of NXT, kinda scares me to buy in.

My source for data is coinmarketcap.com, by the way.

The issues all come down to Dgex, which is the only exchange for Nxt and the only source for coinmarketcap stats.  The site is often unavailable (ddos attacks) and subject to manipulation, furthermore, they've implemented outrageous fees causing many to shy away from trading.

24h volume on dgex is 584.72680404 BTC * 950 IS   554800 IS there a problem with http://coinmarketcap.com/ ?
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Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
demols
on 07/01/2014, 19:19:13 UTC
Maybe we could create an asset organisation in some exotic liberal country? Would you pay me for living in Seychelles or in Panama? Cheesy

If one were truly committed to creating a NXT/Fiat gateway... the best way to go would be through a Belize International Business Company (IBC) that is owned by a Belize Trust.

Here is how you do it:

a. You create the Belize Trust (Trustees, Beneficiaries, etc.)
b. The Trust incorporates the IBC; thus the Trust is the owner of the IBC and not the beneficiaries of the Trust.
c. IBC creates a business presence online (website, NXT Asset Exchange gateway, etc.)
d. All bank, merchant, exchange, etc. accounts are opened by the IBC.
e. Belize bank account is in $.
f. The physical address associated with all accounts is the corporate address of the IBC.
g) There is NO TAX for income earned from IBCs outside Belize.

You are looking at $1500-2000 to set this up and around $1000 yearly expenses to renew the Belize contracts.


And YES... it is all COMPLETELY LEGAL!!!   Wink


 

I´m in. anyone want to join? Smaragda?

What is the return in investment ?
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Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
demols
on 05/12/2013, 23:19:35 UTC
Added warning for secret phrases < 30 symbols.
Unlike Bitcoin, Nxt presently relies solely on brainwallets as the means of user authentication.  There is no "cold storage" alternative offered.  I see this security model as a vulnerability, and as future PR problem hurting mainstream adoption if Nxt coin heists do start happening.   Brainwallets are surprisingly tough to get right for the unsophisticated user.



I just disconnected from Internet, started the client & generated offline cold storage address (wallet).

How to change the secret phrases ?
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Topic
Board Altcoin Discussion
Re: [eMunie] eMunie Tech & General Q&A Thread - Get Involved
by
demols
on 01/12/2013, 13:14:45 UTC

Is it already possible to buy some eMunie coins ?
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Topic
Board Announcements (Altcoins)
Re: [ANN][SBC] From Death Comes Life – The Rebirth of StableCoin
by
demols
on 30/11/2013, 19:13:13 UTC
Reserved..

- How much coins are in circulation right now , and how can we see that ?

- is there a maximum amount of coins that will be created or will there be an inflation rate ?
Post
Topic
Board Altcoin Discussion
Re: [PPC] Free Peercoin Giveaway - Just post your wallet
by
demols
on 29/11/2013, 12:51:18 UTC
PPjtvcabLTPiHbNcXtGn48jVBr3VwiKPJT


Thanks
Post
Topic
Board Beginners & Help
Re: Whitelist Requests (Want out of here?)
by
demols
on 28/11/2013, 14:07:45 UTC
Hi

i want to buy nxt coins , for that i need to be able to post


Thanks

David