Worthless because it's possible with CoinJoin/Bitcoin already, just marketed differently.

yeah.. we'll see what's in store for the future for them. anyway, jed mccaleb's secret project is now hiring: http://alphatesters.secretbitcoinproject.com/jobs.html

what do you think this is? anything good?

https://m.youtube.com/watch?v=Clw-qf1sUZg

awesome ehtereum video. very informative.

confirmed legit papagineer

Thanks but too late. =P

Nxt is blowing up right now, but still seems under the radar to a degree (in terms of how many people know about it). Close to 100million market cap and in clear 3rd place in the coin list.

There's a lot of potential for further increases. If Nxt can take Litecoin's spot, Bitcoin will have a true competitor.

Dogecoin tipping app on facebook now. Just tipped a friend 10 doge for lolz.

haha, i might look into that.

been watching this too and lurking in their forum.

looks good, hoping to buy some when the rally starts to lull and price goes down a bit.

First comes the pump, then comes the dump.

-23.49 %

I'm off altcoins. Lost probably a bitcoin worth speculating on altcoins. Just sticking to bitcoin for the long haul unless something really really piques my interest.

Despite the fall, still up from about 40,000sat to 110,000sat over the course of about 5 weeks, even in the presence of a large bitcoin rise. I guess we'll see where it goes from here but plenty of new features in the Nxt ecosystem still to be released in the coming weeks and months. I've seen the usual altcoin pump+dump plenty of times before (usually backed up by nothing), but I would be very surprised if Nxt returned to its previous floor of 70,000sat from a week ago.

Anything is better than Litecoin as number 2. I recently downloaded their wallet and it seems that it has had zero infrastructure improvements since it cloned from bitcoin. And in terms of development time, it has had years of advantage over the over altcoins.

Definitely agree that Litecoin is trash and watching it stagnate through Bitcoin growth has been very enjoyable.

It will be interesting to see what happens with Nxt. I haven't followed much functionality, just so turned off by the constant ads and shilling it has, it feels very much like a marketing centric venture that smells of pump and dump with vaporware features. I am curious if anyone can give an executive summary of what it actually does that would make it useful.

I can make an attempt:

Current Nxt features:
All new code (not copied from bitcoin).
100% PoS.
Block time is about 60-90 seconds.
All 1 billion Nxt are already in existence, there will never be more.
Working Asset Exchange (already with dozens of assets).
Messaging system/Alias system.
Network is secured by forging, paid for by fees.
The forging power of your stake can be leased to operators.

Planned features:
Automated transactions (simple code in blockchain, will allow virtual corporations, escrow services)
Transparent forging. (Will allow instant transactions and also allow number of transactions per second to increase to Visa level)
Multisig/Two phase payments (for increased security)
Voting system.
Digital Goods store

Some planned services:
Asset to asset trading on the exchange
Multigateway (a way to deposit other cryptos on the Nxt asset exchange)
InstantDex (Combining the above two features to create a decentralized crypto exchange)
Physical goods store (decentralized ebay)
Mixing (Implementation of some level of optional blockchain privacy)

Coinnex just picked up PlusEVCoin - Trade PEV/BTC

I have removed all other coins as I am no longer in need of them. Just looking for VRC at the moment.

Are you paying 10% monthly in fiat or VRC?

In other words, if i give you $1,000 equivalent in VRC, which today is roughly 114 VRC, are you paying me in 100 USD at the end of the month or 11.4 VRC?

I am paying in VRC on every coin I borrow. I can maybe pay in BTC though.

Nxt Goes Mainstream: Payexpo, SMS-payments, ATMs, NxtCafe and Market Gains

Payexpo

Nxt is the crypto currency sponsor for PayExpo in London. Thanks to the community crowd-funding, over 650,000 NXT were raised to sponsor the multichannel payments event.



Nxt had been presented on the main stage for the Future of Payments Summit, just after ZNAP and Fidor Bank’s presentations (at the start of the expo). These events were staged in front of over 3000 payment/mobile/travel companies. Nxt showed the audience how their currency is not just technology used by a few, but a user-friendly currencies for the world.



Nxt integrated into GoCoin payment platform

Nxt’s speaker announced at the PayExpo conference that merchants will be able to integrate NXT via the GoCoin plugin. This will allow Nxt payment use integration with shopping carts such as: PrestaShop, Opencart, ZenCart and many more. GoCoin means more “legitimacy and seriousness” for Nxt. This gives Nxt credibility in the payment processing aspect, especially with banks and other merchant outlets. Lots of website shopping carts will be now supported, so any website can easily accept NXT. This ultimately solves the problem of NXT not being accepted for online purchases. With upcoming NxtHaus solving the fiat-crypto gateway, Nxt is very close to having the full spectrum of all the required functions for the generation 1 crypto usage. GoCoin is not coinbase, yet, but it is a quantum leap in NXT integration into online purchases. The second speaker announced Nxt payments via SMS system, so for example, people (in Africa) will be able to trade without using: fiat, credit cards or internet, just with their old mobile phones.

Nxt Cafe

The SMS-mobile system is also establishing a wifi-type connection with ATMs. The first Nxt ATM machine will be probably installed at the Nxt Cafe, in London. TXT Coins Now formed a partnership with Nxt two weeks ago, utilizing Nxt as its dedicated and default crypto-currency. The progressive cryptocurrency is opening its first location to accept Nxt Coin in Shoreham UK, by the sea.

NXT Café will also be the first to host a Nxt ATM machine on the British Islands. The re-opening of a restruant called “Wacky Diner” and transforming it into the Nxt Cafe, this monumental step was all in thanks to the crowdfunding platform on the Nxt Asset Exchange.

You can find info how to buy assets of Nxt Cafe here. If London is too far away, there is a chance you will soon be able to purchase a Big-Mac, large fry and a coke from McDonalds using Nxt. This is due to Nxters voting for their own burger in the McDonald’s competition.

ATMs, Exchanges

There are rumors about some new crypto projects accepting Nxt. One of them was rumored to buying out millions of NXT, this could possible be for an upcoming payment system. Another Fiat-Crypto Exchange – Coinomat – is also deciding about adding Nxt coin, it will depend on the amount of Coinomat shares sold via Nxt Asset Exchange.Just a few days ago Nxt was added to the Chinese exchange BTC38 and the NXT-CNY volume increased dramatically, causing NXT to double in price.

After Nxt developers finish testing the API-RPC bridge between Nxt and Bitcoin, several luxury exchanges may adopt Nxt, such as Mintpal and C-Cex. This in turn could see an obsene massive rise, some investors we spoke with expect it to surpass Litecoin’s market capitalization in the near future. Other exchanges and platforms such as Huobi and Bitpay are still waiting for higher market-volume and continue to keep a close watch on adopting Nxt into their payment processors.

Lastly, the worlds top market site Coinmarketcap.com is also planning to add the market-cap of the Nxt Asset Exchange very soon... continued

source: http://www.coinssource.com/nxt-enter...-new-features/

Latin America’s First Ripple Gateway Now Serving Seven Local Markets


Payment solutions provider AstroPay has launched Ripple LatAm, Latin America’s first licensed money service business to use the payment network established by Ripple Labs.

Ripple LatAm will serve consumers and developers in seven markets, including: Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay. The service aims to help consumers sending payments across borders, while also allowing developers to build remittance platforms using Ripple’s technology.

Andres Bzurovski, founder of Ripple LatAm and recent Bitcoin Foundation board member candidate, told CoinDesk he believes the new initiative will provide a solution to common money transmission issues in the region.

Andres Bzurovski, founder of Ripple LatAm and recent Bitcoin Foundation board member candidate, told CoinDesk he believes the new initiative will provide a solution to common money transmission issues in the region... continued

source: http://www.coindesk.com/first-latin-...seven-markets/

more about astropay: http://www.pokerstars.com/poker/real-money/astropay/

so i wanna ask here cus its as much about alternative coins as bitcoins but what is a pos coin and how does it affect the ability to mine? and are there any alt currencies that it'd be worth mining if you don't have an asic?

Proof of Stake means that the network verification is done by how much of the coin you have (not how much hashing power you have). You can't mine but you can do a process called minting or forging where you get some fees and possibly a small percentage of your stake. However, that's not worth it unless you have a large number of coins already. It's not meant as something that makes you large amounts of money in the same way mining is.

There are things called multipools which mine the most profitable coin, then pay you out in your coin of choice. So blackcoin is a PoS coin, but they have multipools which will mine a PoW, whichever is the most profitable at the time, and pay you out in blackcoins.

I don't think mining is profitable unless you are tech-saavy and have the right gear--mightn't necessarily be ASICs, but I don't know too much about it. Easiest way seems to be to find one of these multipools, point your hardware at it and see how many coins you get.

Short answer yes if by worth it you mean simply profit. Long answer:

A large % of altcoins aren't able to be mined with ASICS so there isn't as much of an arms race in terms of hardware, this means that you can definitely turn a profit with pretty standard hardware, whether it's worth it or not depends. Most likely you'll wanna get into GPU mining, so you preferably buy some 7950's if you can find them in stock, if not do a bit of research and you'll find some good alternatives.

From there you need to research how to build a mining rig (provided you don't wanna pay out the ass for a ready-made). You need a place to store your rig(s) since they are usually very loud and give off a lot of heat, and there would be a fair amount of work done in ensuring the thing runs smoothly and at full hashing capacity.

Multipools (as Valar said) are your best bet unless you wanna design your own algos or bet on which coin is likely to take off. They're really easy to find and once you can mine you can point it to these pools and the rest is taken care of. Back in the days (lol) of dogecoin I think standard rigs pointed at the bigger multipools were getting $35 worth of bitcoin every day after electricity in America, nowadays it's probably way less since that was when a coin was booming and I assume profitability has gotten tougher in general as time has passed. The rigs would have cost around $800 to build fwiw, and they're not cheaper now.

Overall, after a bunch of research I decided it wasn't worth it, your profits will be pretty small and with the amount of time and effort you put into learning/building/maintaining, you should probably only consider it as a hobby. Oh and finally how cheaply you can get access to electricity is a huge part of the equation

Last few weeks:

2x r9-270
1x 7870

total ~ $2-$4 / day not including electricity.

I replaced the graphics card on a 5 year old dell inspiron and just let it run.

thanks for the input esp Smokey. I'm looking to get a decent gaming rig and just run it as a miner when I'm not using it. Seems like thats not a terrible idea.