Horizon Platform Community Forging pool FAQ
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Viewing 9 posts - 1 through 9 (of 9 total)
  • 20shekel

    3rd August 2014 at 11:46 am

    (Probably) Frequently Asked Questions

      ‘, ”, ‘
      What is forging?
      NHZ uses forging to secure the blockchain. Every block is generated by someone, the so-called forger. He receives the transaction fees of all transactions included in the block.

      Who forges?
      Instead of asking for difficult calculations, forgers are selected according to their “effective balance”. There are no hardware requirements, any system that is able to run NHZ can be used to forge by unlocking the account on it.

      What’s a forging pool?
      Not everyone has a system which can run 24 hours, or enough balance to frequently forge a block. That’s where forging pools come in. The effective balance of an account can be leased to another one. This doesn’t affect the liquidity of your coins, you will always lease the amount you actually possess.
      For the specified amount of blocks the leasing account won’t be able to forge itself, but the other account will use the combined balance for its forging.

      What happens with the transaction fees?
      There are several possibilities how a forging pool can handle the earned transaction fees. It can be split amongst the contributors, or be used to finance other ventures. Check out the different ideas, and choose the pool you like best!

      Can I run my own pool?
      Sure! We published a simple script, which pays out the earnings to the contributors. You can set an own fee for your service, and specify a minimum amount for payouts. Set up a server with NHZ, a fresh account, and a cronjob for the script. After that, open a thread on this board introducing yourself and the details of your pool.
      Of course you can hallmark the pool node to receive node bounty for it!




    Horizon: 0.00 HZ
    2nd September 2014 at 6:38 pm

    i will look up for that! great!


    Horizon: 0.00 HZ
    7th September 2014 at 5:18 am

    hmm i will try it later
    sound nice


    Horizon: 14.50 HZ
    27th September 2014 at 6:00 am

    How do you forge? My account says “forging”, but I don’t remember doing anything for that to happen…

    Also, I have been running a hallmarked node for a few weeks or so since my computer is on 24/7, does this mean it is also automatically forging?


    Horizon: 0.00 HZ
    27th September 2014 at 8:35 am

    How many NHZ do you have?

    If you have less I think you have no chance for forge NHZ.

    Maybe it is better for you if you use a pool.


    Horizon: 0.00 HZ
    27th September 2014 at 7:15 pm

    I have started forging and got my first fees for the last 24 hours? ;D


    Horizon: 185.50 HZ
    22nd June 2015 at 12:27 am

    setting up a pool sounds like a good project for the coming week


    Horizon: 214.00 HZ
    28th June 2015 at 7:08 pm

    I would like to invite you to lend your HZ to our main address: NHZ-Z854-FV4J-NT83-BYK9N
    Also you can read more about ArgenBits project in: http://argenbits.info/
    Thanx for reading!


    Horizon: 66.00 HZ
    6th November 2015 at 8:23 am

    Terrific. I was hoping to find something on how these puppies are generated. Gunna have to try giving this a shot tomorrow :)

Viewing 9 posts - 1 through 9 (of 9 total)