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tolikkk
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June 26, 2016, 03:26:45 PM |
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I wanted to use my free 2 GB VPS to set up and run a SuperNode today. According the requirements on the NEM forum, a SuperNode account needs at least 3,000,030 XEM.
Is this right?
I own only 1/3 of it. 3 million XEM are 21,000 USD at the moment. This is a big amount to let users be part of this network. Are there any other options to run a Supernode wish less XEM except a "normal" XEM node?
now you can create supernode for 3 mil coins and no any other conditions not, but as an option, you can through smart contract to build with few users on equal terms one overall score for super node and receive rewards at all, or to create a regular node or two - you can't afford that, there are no other options |
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rigel
Legendary
 Offline
Activity: 1240
Merit: 1001
Thank God I'm an atheist
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June 26, 2016, 03:30:26 PM |
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rigel
Legendary
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Activity: 1240
Merit: 1001
Thank God I'm an atheist
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June 26, 2016, 03:44:12 PM
Last edit: June 26, 2016, 04:02:19 PM by rigel |
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I dont get NEM.
NEM creates blockchain software that can be used by banks (mijin)?
But why do we have XEM then? What is the connection?
Xem and mijin are two different products that share the same technology and code base. The fact that financial institutions start using mijin in real world applications demonstrates how solid this technology is. This is the first crypto project to have some relevance outside cryptocoin world. Even bitcoin is just a nerds only toy when compared to nem. |
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Tehfiend
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June 26, 2016, 07:45:24 PM |
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Can someone tell me why this coin has suddenly taken off in the last couple of weeks?
IMO all of the Mijin news has attracted attention to NEM and when people research and learn the details about the project they realize it's potential and conclude XEM is currently undervalued because: 1) Zero inflation. No new XEM will ever be generated so it is one of the few coins that currently has no inflation. 2) Good initial distribution. No premine or unfair initial distribution of the currency to insiders/devs. I bet most of the greedy short-sighted stake holders probably sold out long ago so most current holders believe in the project and have very long positions thus there is not much supply of XEM also due it part because of #1 above. 3) POI (proof of importance) POI appears to be working as intended which has many advantages over POW. There is no hashrate arms race nor massive amounts of energy required to secure the network. You don't have miners who are forced to sell freshly mined currency to cover their mining costs which again limits supply. Securing the network is actually very cheap compared to POW currency. 4) Solid dev team/leadership. A lot of people are turned off by the current situation with BTC and ETH development for various reasons. The NEM team seems to be very talented and they appear to be "down for the cause" with a grand long term vision. 5) Solid tech. NEM is one of the strongest platforms when you look under the hood. Anybody that researches the details will be very impressed with the technology that powers NEM and the features it offers as well as very impressive plans for the future. The use of this tech by the banking industry via Mijin signals this same confidence. 6) Solid dev/community funds. The multisig funds will fuel progress for quite some time and puts this project in a very healthy long term position, especially as the price increases. There is no other cryptocurrency that offers all of the above IMO and slowly the secret is getting out. As an initial stakeholder I personally plan to ignore the roller-coaster and hope to hold AT LEAST until 1XEM = 1USD because I truly believe in it's potential to change the world and that won't happen overnight... |
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minerfool
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June 26, 2016, 08:18:44 PM |
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I wanted to use my free 2 GB VPS to set up and run a SuperNode today. According the requirements on the NEM forum, a SuperNode account needs at least 3,000,030 XEM.
Is this right?
I own only 1/3 of it. 3 million XEM are 21,000 USD at the moment. This is a big amount to let users be part of this network. Are there any other options to run a Supernode wish less XEM except a "normal" XEM node?
now you can create supernode for 3 mil coins and no any other conditions not, but as an option, you can through smart contract to build with few users on equal terms one overall score for super node and receive rewards at all, or to create a regular node or two - you can't afford that, there are no other options I believe there was some discussion awhile back about lowering the balance amount for supernodes as the price rises. It only makes sense, as (at the moment) ~30+ BTC to run a supernode is out of reach for most people, especially if you're just joining the ranks. |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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June 26, 2016, 08:28:12 PM |
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Is there a technical reason for the 3 million limit?
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ElitistCA
Sr. Member
Offline
Activity: 477
Merit: 250
Blockchain Just Entered The Real World
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June 26, 2016, 08:34:46 PM |
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how many XEM can supernode of 3 mil make currently if it is not too active in transaction area?
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howi53
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June 26, 2016, 08:55:25 PM |
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I have two and a half men nem stakes but I am to stupid to harvest.
Could run 2 supernodes but I do not even dare to think about.
Any safe method to participate a "harvest pool"?
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Life is like a chicken ladder - short and shitty
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rigel
Legendary
Offline
Activity: 1240
Merit: 1001
Thank God I'm an atheist
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June 26, 2016, 09:12:35 PM |
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how many XEM can supernode of 3 mil make currently if it is not too active in transaction area?
Currently supernodes are getting about 500 xem per day. |
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jwiz168
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June 26, 2016, 09:30:27 PM |
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If at this trend supernode will earn @ least $100/day in 7 years.
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nzminer
Legendary
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Activity: 1918
Merit: 1001
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June 26, 2016, 09:46:54 PM |
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I dont get NEM.
NEM creates blockchain software that can be used by banks (mijin)?
But why do we have XEM then? What is the connection?
The beauty with this system is that banks and other financial institutions want their own private blockchain, which mijin offers. This will offer them a high TPS with low cost instead of lots of fees. The second advantage is this demonstrates the power of NEM, because its based on the exact same technology! And to top it off, both NEM and Mijin are designed to work together, so people can have the best of both worlds.  |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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nzminer
Legendary
Offline
Activity: 1918
Merit: 1001
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June 26, 2016, 09:47:29 PM |
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I have two and a half men nem stakes but I am to stupid to harvest.
Could run 2 supernodes but I do not even dare to think about.
Any safe method to participate a "harvest pool"?
Count me in here too  If the limit is lowered to the amount of one nem stake to run a node, then i think thats a fair amount, since thats the original minimum amount that investors held if they had a stake from day one |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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DIMKAZDS
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June 26, 2016, 11:29:34 PM |
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Supernode program starts 1 June. Devs talking here about it long before. Then nem was cheap, and every body who was truly interested to support nem network buy some missing coins.
Now price go up, supernode profit either, and that we see now?
some users began to really worry about the security of the network because of the small number of supernodes! They are asking to lower the entry threshold. probably because they are worried now! For now, the network is in great danger without their supernodes !!!
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DenisZabar
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June 26, 2016, 11:29:58 PM |
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Is it worth harvesting with 16k of XEM ?
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DIMKAZDS
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June 26, 2016, 11:40:05 PM |
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Is it worth harvesting with 16k of XEM ?
No. |
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ZeroTheGreat
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June 26, 2016, 11:55:57 PM |
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Guys, I don't have much time to read-search mans, so: is there a way to pause NIS/NCC to free RAM and then resume to harvesting without reopening wallet? Thx in adv
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howi53
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June 27, 2016, 06:22:31 AM |
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I have two and a half men nem stakes but I am to stupid to harvest.
Could run 2 supernodes but I do not even dare to think about.
Any safe method to participate a "harvest pool"?
There is an easy step by step Tutorial for setting up a Supernode: https://forum.nem.io/t/nem-supernode-command-line-tutorial-for-debian-8-4It´s really just some copy/paste in Terminal/Putty. If you tried to confuse me - be happy you were successful. My suggestion for a supernode setup is as follows. The devS (ore someone else) create "empty supernodes", on order, tested with test-nem. Then they can give it or even sell it to interested parties. I overtake, change password, delete test-nem account and import my account. That is what I would call "service". |
Life is like a chicken ladder - short and shitty
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Tosun14
Member
Offline
Activity: 97
Merit: 10
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June 27, 2016, 06:40:03 AM |
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I have two and a half men nem stakes but I am to stupid to harvest.
Could run 2 supernodes but I do not even dare to think about.
Any safe method to participate a "harvest pool"?
There is an easy step by step Tutorial for setting up a Supernode: https://forum.nem.io/t/nem-supernode-command-line-tutorial-for-debian-8-4It´s really just some copy/paste in Terminal/Putty. If you tried to confuse me - be happy you were successful. My suggestion for a supernode setup is as follows. The devS (ore someone else) create "empty supernodes", on order, tested with test-nem. Then they can give it or even sell it to interested parties. I overtake, change password, delete test-nem account and import my account. That is what I would call "service". What do you want? To harvest? Or to run a supernode? Because if you just want to 'Harvest' > you can activate 'Delegated Harvesting'. This way you can Harvest even if you close your wallet. Just like joining a pool. You can find tutorials how to set up the Delegated Harvesting at the Nem Forum/Blog. |
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