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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2902663 times)
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July 18, 2016, 03:13:32 AM
 #25541

I just started harvesting...! I'm excited. I now have an importance if .57%. What is this for?

Importance does a few things, but the most relevant is basically your chance of hitting a block.. Lately I'm averaging like 4 blocks/day with just shy of 2% ..

Most of the blocks I hit have no reward, I'd estimate like 1/7 of my blocks have a reward.. rarely it's like 4 xem, more often it's 40-100, every once in awhile it's 500+. All depends on the transactions happening.

Im harvesting 2.25 million XEM.
I used to get lots of small blocks around 6 XEM, and now i seem to get fewer blocks containing XEM and they seem to contain much more per block instead, ive had anything from 40XEM to 300XEM over the last month per block.

How many NEM you get a month?
Typically at least 200-300 XEM, but it was alot more than this with the recent pump.


I almost feel like if you're only getting 200-300 NEM per month via harvesting that it's bettee to buy on an exchange vs harvesting. Thoughts???

200-300 Xem a month using 2.25 M Xem as vested amount is quite very low, unless 1 xem =1 USD .

This is exactly why I'm trying to get XEM added to Polo margin trading. I'm positive that even with a low interest rate I could make more XEM lending them out than harvesting.

This is the form you fill out to request it: https://poloniex.com/featureRequest

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July 18, 2016, 03:32:59 AM
 #25542


Another writeup on mijin being used in Microfinance.

http://www.irrawaddy.com/business/irrawaddy-business-roundup-july-16-2016.html

“just the start ... on these topics, please expect more announcements from BCF and Infoteria."

NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
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July 18, 2016, 03:40:41 AM
 #25543

I just started harvesting...! I'm excited. I now have an importance if .57%. What is this for?

Importance does a few things, but the most relevant is basically your chance of hitting a block.. Lately I'm averaging like 4 blocks/day with just shy of 2% ..

Most of the blocks I hit have no reward, I'd estimate like 1/7 of my blocks have a reward.. rarely it's like 4 xem, more often it's 40-100, every once in awhile it's 500+. All depends on the transactions happening.

Im harvesting 2.25 million XEM.
I used to get lots of small blocks around 6 XEM, and now i seem to get fewer blocks containing XEM and they seem to contain much more per block instead, ive had anything from 40XEM to 300XEM over the last month per block.

How many NEM you get a month?
Typically at least 200-300 XEM, but it was alot more than this with the recent pump.


I almost feel like if you're only getting 200-300 NEM per month via harvesting that it's bettee to buy on an exchange vs harvesting. Thoughts???

200-300 Xem a month using 2.25 M Xem as vested amount is quite very low, unless 1 xem =1 USD .

This is exactly why I'm trying to get XEM added to Polo margin trading. I'm positive that even with a low interest rate I could make more XEM lending them out than harvesting.

This is the form you fill out to request it: https://poloniex.com/featureRequest

Gotcha! Looks promising. Just requested. Also, I need to stock up on my XEM!
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July 18, 2016, 05:19:39 AM
 #25544

I just started harvesting...! I'm excited. I now have an importance if .57%. What is this for?

Importance does a few things, but the most relevant is basically your chance of hitting a block.. Lately I'm averaging like 4 blocks/day with just shy of 2% ..

Most of the blocks I hit have no reward, I'd estimate like 1/7 of my blocks have a reward.. rarely it's like 4 xem, more often it's 40-100, every once in awhile it's 500+. All depends on the transactions happening.

Im harvesting 2.25 million XEM.
I used to get lots of small blocks around 6 XEM, and now i seem to get fewer blocks containing XEM and they seem to contain much more per block instead, ive had anything from 40XEM to 300XEM over the last month per block.

How many NEM you get a month?
Typically at least 200-300 XEM, but it was alot more than this with the recent pump.


I almost feel like if you're only getting 200-300 NEM per month via harvesting that it's bettee to buy on an exchange vs harvesting. Thoughts???

200-300 Xem a month using 2.25 M Xem as vested amount is quite very low, unless 1 xem =1 USD .

This is exactly why I'm trying to get XEM added to Polo margin trading. I'm positive that even with a low interest rate I could make more XEM lending them out than harvesting.

This is the form you fill out to request it: https://poloniex.com/featureRequest

it might be slightly more than that, im not sure how many blocks are harvested each month, ill have to count them.
When we had high volume, it was telling me that i had harvested about 525 XEM per the last 25 blocks.

Now remember if XEM eventually trades at $1 and there is high volume, there will be more fees per block and that would not be a bad payout at that rate.

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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July 18, 2016, 08:23:34 AM
 #25545

why at volume did not add

jaif    XEM/BTC volume?HuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuh
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July 18, 2016, 09:55:34 AM
 #25546

How many XEM does a typical supernode earn per day, or average per month? (After deducting cost of hosted services etc.)  I was just wondering is it worth for someone to spend around 35 BTC (around $24,000) upfront (based on todays XEM price) to purchase 3,000,030 XEM in order to receive a good ROI. 
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July 18, 2016, 09:58:36 AM
 #25547

no

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July 18, 2016, 10:05:11 AM
 #25548

How many XEM does a typical supernode earn per day, or average per month? (After deducting cost of hosted services etc.)  I was just wondering is it worth for someone to spend around 35 BTC (around $24,000) upfront (based on todays XEM price) to purchase 3,000,030 XEM in order to receive a good ROI.  
No, i wouldnt bother, i was looking at buying another 700K to do just that, but im just better off buying as much XEM while i can afford it, as you only make around $40-$50 per month max at todays prices and the current number of nodes etc.
This could change, but i would rather buy a good lump sum first if you dont have any XEM to start with and just slowly accumulate $100 a month or whatever your budget allows you Smiley

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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July 18, 2016, 11:57:28 AM
 #25549

Thanks.  So, it's better to accumulate as many as possible now while they're still cheap, and then think about becoming a supernode when the price rises in the long term.  "If" it rose to a dollar per XEM, that would be paying out around circa $50,000 a month as a supernode.
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July 18, 2016, 12:25:43 PM
 #25550

Thanks.  So, it's better to accumulate as many as possible now while they're still cheap, and then think about becoming a supernode when the price rises in the long term.  "If" it rose to a dollar per XEM, that would be paying out around circa $50,000 a month as a supernode.

I think it would be considered one of the best passive investments.  A lot of funds can average return 2%-7% since inception (averaged per year) but this is for an inflationary and skyrocketing cost of living US dollar.  Your fund might go up 5% but did you know "food inflation" (increasing prices at grocery stores) can be between 3%-9% in a given year?  Your fund might be gaining money but you may net lose purchasing power.


I did some calculations and, as long as SuperNODE payouts remain above 150 XEM a day forever, then you can get 2.5% return on a non-inflationary platform.  
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July 18, 2016, 05:26:56 PM
 #25551

How many XEM does a typical supernode earn per day, or average per month? (After deducting cost of hosted services etc.)  I was just wondering is it worth for someone to spend around 35 BTC (around $24,000) upfront (based on todays XEM price) to purchase 3,000,030 XEM in order to receive a good ROI.  

They amount is constantly falling currently is about 400 XEM per day. And we are in bear market right now so your ROI in $ won't be fast now its about 5% of xem per  year.
But we are falling about 5% per week so is really hard to say its investment. If i know a future i would say you buy XEM when it will bleed f. that 5%ROI in XEM while you lose 5% a week right now probably its not worth. Bear markets can last very long but with some news price can jump high on market. If u look at graph of BTC and its bull market i would say that we will have nice pump in BTC fast then usually alts are getting hit and their have enormous gains. But no one knows a future people are talking about upcoming economy apocalypse since 2008y. and nothing really happened, as always till it happens. Martin Amstron tells that 2017y can be interesting in financial sphere when stock market crashed its money will flow into gold/silver/real estate probably some goes into crypto and we are FUCKING small comparing to Wall-street. "The average daily trading value was approximately US$169 billion in 2013." we have now 10.000x less so we are in the beginning of all crypto journey.

Investing in crypto is high risk action. Hight gains and high lost same times.
At end i can say that XEM devs knows where they are doing in code maybe they provide less marketing but for me its better have
good devs than overhyped coin which will constantly go down with empty promisses.
Now if would advise someone how invest i would say to him find month or 2month window when price is handing in +-5% of its value then buy XEM shares.
In long run probably ten years from now current price of xem is like BTC for 1$ Cheesy and people are asking buy or not to buy.

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graIn..
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July 18, 2016, 06:07:02 PM
 #25552

Supernodes will constantly be influx as the price goes up/down, and like the above said, earns around ~400 XEM per supernode.
Converting that to dollars or fiat depends on the current price of XEM and price of BTC.

However, the program states:
https://forum.nem.io/t/nem-supernode-rewards-program/1735

"The payout started at 70,000 XEM per day and will be split among all nodes that pass the tests for the day.
This payout is planned to be increased at regular increments"


Fun vote here:
https://twitter.com/xemcoin/status/755088825404260356


NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
▃▃▃▅▅▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▅▅▅▃▃▃
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July 18, 2016, 06:42:00 PM
 #25553


For me winner is Catapult is winner.

"Catapult will be the entire architecture re-worked and migrated from Java to C++ to aid in increasing performance and will be switching from the HTTP protocol to socket communication which will help reduce latency and improve bi-directional communication. It is a high-performance product that can handle high transaction throughputs, such as 4 digits per second, even on a geographically dispersed network. "
http://blog.nem.io/relationship-between-nem-mijin-catapult-u/

All looks interesting.
Wallet is wallet some have chat inside some other bullshit but at end noone realy cares.Wallet should look good and be easy to use for noobs.
cryptoapex as exchange it have to trade some unique goods like NXT nem tokens at beggining it drives volume up and new users we will see
all of those projects are far from months rather to years to arrive from now.
But if you look at poloniex and their trading volume it took them few years to be top traded exchange on market but its still possible cryto is very young now.
Only 0,1% of people have ever used it.

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    ▀▀███▄▄▄▄███▀▀
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graIn..
.
The Backbone of
Modern Work Agreements.
███████████████
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████ ██████████████████
████ ██
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July 18, 2016, 10:46:38 PM
 #25554


For me winner is Catapult is winner.

"Catapult will be the entire architecture re-worked and migrated from Java to C++ to aid in increasing performance and will be switching from the HTTP protocol to socket communication which will help reduce latency and improve bi-directional communication. It is a high-performance product that can handle high transaction throughputs, such as 4 digits per second, even on a geographically dispersed network. "
http://blog.nem.io/relationship-between-nem-mijin-catapult-u/

All looks interesting.
Wallet is wallet some have chat inside some other bullshit but at end noone realy cares.Wallet should look good and be easy to use for noobs.
cryptoapex as exchange it have to trade some unique goods like NXT nem tokens at beggining it drives volume up and new users we will see
all of those projects are far from months rather to years to arrive from now.
But if you look at poloniex and their trading volume it took them few years to be top traded exchange on market but its still possible cryto is very young now.
Only 0,1% of people have ever used it.

That is a very high TPS, looking forward to it being launched! Cheesy

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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July 19, 2016, 01:24:23 AM
 #25555


For me winner is Catapult is winner.

"Catapult will be the entire architecture re-worked and migrated from Java to C++ to aid in increasing performance and will be switching from the HTTP protocol to socket communication which will help reduce latency and improve bi-directional communication. It is a high-performance product that can handle high transaction throughputs, such as 4 digits per second, even on a geographically dispersed network. "
http://blog.nem.io/relationship-between-nem-mijin-catapult-u/

All looks interesting.
Wallet is wallet some have chat inside some other bullshit but at end noone realy cares.Wallet should look good and be easy to use for noobs.
cryptoapex as exchange it have to trade some unique goods like NXT nem tokens at beggining it drives volume up and new users we will see
all of those projects are far from months rather to years to arrive from now.
But if you look at poloniex and their trading volume it took them few years to be top traded exchange on market but its still possible cryto is very young now.
Only 0,1% of people have ever used it.

That is a very high TPS, looking forward to it being launched! Cheesy
4 digits per second transaction would be a game changer for NEM.
Looking forward to its ninja launch now.
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July 19, 2016, 01:33:56 AM
 #25556

l love xem, keep it .
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July 19, 2016, 02:16:16 AM
 #25557

What is the minimum requirement of a computer to run local and delegated harvesting?

I hace 2 accounts with more than 1 million xem, one local harvesting and the other delegated. I put the two on same computer and wallet to harvest and all goes good.

I would like to buy a new computer, the cheapest one to put it 24/7/365 what are the minimuns? What about a raspberry that I saw they are cheap?

Thanks, long life to Nem.

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July 19, 2016, 02:21:15 AM
 #25558

What is the minimum requirement of a computer to run local and delegated harvesting?

I hace 2 accounts with more than 1 million xem, one local harvesting and the other delegated. I put the two on same computer and wallet to harvest and all goes good.

I would like to buy a new computer, the cheapest one to put it 24/7/365 what are the minimuns? What about a raspberry that I saw they are cheap?

Thanks, long life to Nem.


Memory is the main thing, it needs to hold the blockchain, so minimum of 2GB spare memory in a computer i would expect that 4GB or more would be ideal.

Delegated harvesting does not use your computer so is only applicable to local harvesting Smiley

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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July 19, 2016, 02:32:24 AM
 #25559

What is the minimum requirement of a computer to run local and delegated harvesting?

I hace 2 accounts with more than 1 million xem, one local harvesting and the other delegated. I put the two on same computer and wallet to harvest and all goes good.

I would like to buy a new computer, the cheapest one to put it 24/7/365 what are the minimuns? What about a raspberry that I saw they are cheap?

Thanks, long life to Nem.


My Win laptop has 8 GB Ram but my Ubuntu supernode runs on 1 GB Ram. so it differs.

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July 19, 2016, 05:38:47 AM
 #25560

What is the minimum requirement of a computer to run local and delegated harvesting?

I hace 2 accounts with more than 1 million xem, one local harvesting and the other delegated. I put the two on same computer and wallet to harvest and all goes good.

I would like to buy a new computer, the cheapest one to put it 24/7/365 what are the minimuns? What about a raspberry that I saw they are cheap?

Thanks, long life to Nem.


My Win laptop has 8 GB Ram but my Ubuntu supernode runs on 1 GB Ram. so it differs.


Memory is the main thing, it needs to hold the blockchain, so minimum of 2GB spare memory in a computer i would expect that 4GB or more would be ideal.

Delegated harvesting does not use your computer so is only applicable to local harvesting Smiley

When you say memory are you saying space or ram?

Do you think it could work on a raspberry pi 3 with 1GB of ram?

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