Originally posted by Michael Piziak So an ND10 filter certainly isn't a 10 stop nd filter.
I wonder if this filter can at least do waterfalls
I don't see why not. It really depends on the light situation. You can use ISO 200 or 100 (extended range on the Kr) and that will add a stop - which translates into additional time / slower shutter speed. Most lenses are going to have their sweet spot at f8. Waterfalls are a form of landscapes, so go to f11 - that will provide both excellent depth of field and give you an additional stop. Take an image for comparison, and see what the scene meters at for a shutter speed. Then put on the filter and meter the scene again, which should produce a substantially slower shutter speed.
In this way, you are slowing everything down, to essentially produce the longest shutter speed that you can get. If there is still a lot of light, and you want an even slower shutter speed - longer exposure. Wait till later in the afternoon or early evening.
There isn't a single setting that will produce the best image. Its a matter of some experimentation to find the right combination.
You can also use the filter for ocean/beach scenes - lakes with the waves/water level going up and down. The filter softens all of this. You can try it out on city lights - traffic along freeway overpasses to get the light trails of the head/tail lights. Anything with motion and lights over time.