You want to make your stake active in a Nxt pool before the public launch of Nxt Asset Exchange.
The AE goes live with a 1000 NXT fee per asset issued, and all fees go to forgers. Consider this a startup bonus or just the beginning of better times for Nxt forgers, as fees will increase with the number of arbitrary messages, AE-transactions+issuers and future features that are being built on top of Nxt.
No matter the size of your stake you should forge or lease your forging rights to a Nxt pool. The leasing feature is quite new so you may not be aware that it takes 1440 blocks (24 hours) from you hit the “lease”-button until your NXT-stake is actively forging in the account/pool that you lease it to. With only about 36 hours to the public launch of Nxt Asset Exchange, the time to lease is now, if you want to be forging in a pool when the first IPO’s begin.
Did I mention that by forging you help secure the Nxt Network from attacks and thereby protects your stake?
What’s it like?
Leasing your balance is of no risk to you. When leasing, you still maintain full control of your NXT – the pool simply receives your “effectiveBalance” which is your current forging power. You can still sell any amount of your NXT or receive some. The pool cannot do anything with your NXT account or balance. When you sell/buy more during an active lease, what happens is your contribution to the pool is automatically adjusted for in the NXT protocol.
You have to trust the pool to distribute your share to you, as the forging fee stays with the pool.
This will be relevant until the launch of Nxt Automated Transactions.
You choose the length of the lease. Max leasing period allowed is 32767 blocks (1 minute block time).
If you want to leave the pool before the expiration time you’ve set, just transfer your NXT to another account. Forging rights are then transferred to this account. A balance of 0 NXT stays with the pool until the leasing period ends.
How to do leased forging
(1-click-to-install Nxt client. Download: http://nxtra.org/nxt-wallet/)
Install NxtWallet and run it (+ wait for it to catch up with the blockchain)
Sign in to your account.
Click “more info” on the square showing your account balance
Set for how long under “period” (it’s expressed in blocks: 1440 blocks = 24h, max period is 32767).
Put in your secret phrase.
Click “Lease Balance” button.
Where are the pools?
In this day, in this very hour, 2 pools are known accept leases.
NXTCrypto.org forging pool (by forkedchain)
- Forum thread: https://nxtforum.org/general-discussion/nxtcrypto-org-leased-forging-pool-only-fees-are-1nxt-to-withdraw/
- Pool address: 1460178482 (before leasing make sure it is still valid and the correct one)
- Pool status: http://pool.nxtcrypto.org/status.php
- Pool earnings: http://pool.nxtcrypto.org/earnings.php
- Lease fee: 1 NXT. Payout request: done via arbitrary messages, send a message (the content is not important) to request a payout, 1 NXT. Payout transfer: 1 NXT. Distribution: proportional to the forging power.
JPool forging pool (by Jimmy2011)
- Forum thread: https://nxtforum.org/index.php?topic=1070.0
- Pool address: 15057880309609227626
- Website: not available at present
- Pool status: http://localhost:7876/nxt?requestType=getAccount&account=15057880309609227626
- Pool earnings: http://220.127.116.11/nxt/nxt.cgi?action=3000&acc=15057880309609227626
- Lease fee: 1 NXT. Earning rate: calculated based on the base point (bp) – the minimum transaction fee required in the Nxt system, present earning rate is 2.58 PPM per day, and it may be adjusted; PPM = base points per million Nxt. Payout request: done via arbitrary messages (1 NXT) or by PM in the forum with signature. Minimum Payout: 2 base points
This may change tomorrow or next week. Check the list in our wiki to stay updated: https://wiki.nxtcrypto.org/wiki/Forging_Pool#List_of_forging_pools .
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