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    Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761750 times)
    grandpa_seth
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    February 23, 2014, 06:31:02 PM
     #36481

    All this talk about forging and running nodes and this and that and unfair and that.....

    And here I am running some nodes just to strengthen the network.

    I do it because if the network is successful, then we'll all be succesful. Although if I could forge more it would be a plus.

    +1, good work, fellow dave.

    I am thinking about setting up a public VPS node to offer a(nother) node for my users of my NXT client.

    Which hoster should I use, what are the server specs. I would need to run it smoothly and is there still the danger of hitting hoster bandwith limits with the recent version of NRS?

    Thanks!
    Marcus

    I'm running a non-hallmarked VPS 24/7 on Amazon EC2, monthly costs were $1.38 for January, and are $0.34 for Feb. Costs fuck all, basically.
    Looks like hosting costs are dropping as Jean-Luc works his magic. If version 0.8 also has such low overhead, I'll fire up a few more EC2 instances at the begining of March.

    I think that forging should stay as it is...big holders get bigger rewards. It's PoS, live with it.
    However: we need to encourage a healthy NXT network, now and in the future, and forging income alone doesn't seem to be enough right now to motivate people. We need some way to make contributing to the network at least slightly profitable for everyone, not just guys with enough to forge.

    When Nxt goes to 1 dollar soon. Even small holders will forge if for no other reason than to secure the health of the network to get to 10 dollars.

    We just need a client that makes it so that there is no cost to forging. Then even if your chances are small there will still even then be no reason not to participate. All other things being equal a 0.001% chance to win 1000 dollars is better than a 0.000% chance of winning 1000 dollars even though 0.001% is a pretty slim chance.

    +1440
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