NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs

[bamboylee]

First time I heard about it.

So let's say I buy 10,001 XEM's.

Then I need to put them into Vested balance mode right?

So my XEM's wont be available any more ? they're like in a "loan" status?

If you can give me some examples/calculations that will be great, so I can jump right on it

Nope, you can still spend them if you like but your vested balance decreases along with your importance. Your wallet balance becomes vested balance slowly overtime but it is not removed from your wallet.

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[Metros]

First time I heard about it.

So let's say I buy 10,001 XEM's.

Then I need to put them into Vested balance mode right?

So my XEM's wont be available any more ? they're like in a "loan" status?

If you can give me some examples/calculations that will be great, so I can jump right on it

Nope, you can still spend them if you like but your vested balance decreases along with your importance. Your wallet balance becomes vested balance slowly overtime but it is not removed from your wallet.

So all I need is to keep 10,001 XEM's in my wallet, convert to vested and it's all automatic right? I don't need to do any thing else besides keeping it on my wallet, closing it and open it in 2020?

[ManonLescaut]

Is there any benefit for long term coin holders?

yes
https://blog.nem.io/tag/harvesting/

yes ive harvested over 6K of XEM from launch

First time I heard about it.

So let's say I buy 10,001 XEM's.

Then I need to put them into Vested balance mode right?

So my XEM's wont be available any more ? they're like in a "loan" status?

If you can give me some examples/calculations that will be great, so I can jump right on it

What harvesting actually does, is passiv-investing your "parked" money ( at least 10k) for the time you don't move it  (which is most of the time). And that without any risk or costs.

[ManonLescaut]

First time I heard about it.

So let's say I buy 10,001 XEM's.

Then I need to put them into Vested balance mode right?

So my XEM's wont be available any more ? they're like in a "loan" status?

If you can give me some examples/calculations that will be great, so I can jump right on it

Nope, you can still spend them if you like but your vested balance decreases along with your importance. Your wallet balance becomes vested balance slowly overtime but it is not removed from your wallet.

So all I need is to keep 10,001 XEM's in my wallet, convert to vested and it's all automatic right? I don't need to do any thing else besides keeping it on my wallet, closing it and open it in 2020?

Yes. A delegate node ( "Delegate Harvesting") is doing the work for you. and you are not losing the only control over your funds. But check from time to time if the delegated node which is doing the work for you is still active. There is a NEM-Bot  called "NemNotifications" on Telegram where you can get alerts when your dlegated node is down or when you harvested a new block.

[Metros]

First time I heard about it.

So let's say I buy 10,001 XEM's.

Then I need to put them into Vested balance mode right?

So my XEM's wont be available any more ? they're like in a "loan" status?

If you can give me some examples/calculations that will be great, so I can jump right on it

Nope, you can still spend them if you like but your vested balance decreases along with your importance. Your wallet balance becomes vested balance slowly overtime but it is not removed from your wallet.

So all I need is to keep 10,001 XEM's in my wallet, convert to vested and it's all automatic right? I don't need to do any thing else besides keeping it on my wallet, closing it and open it in 2020?

Yes. A delegate node ( "Delegate Harvesting") is doing the work for you. and you are not losing the only control over your funds. But check from time to time if the delegated node which is doing the work for you is still active. There is a NEM-Bot  called "NemNotifications" on Telegram where you can get alerts when your dlegated node is down or when you harvested a new block.

I see. very very interesting. not sure how I've missed that.

So in which wallets can I set/keeping it up? (Or only the one from the guide).

What if I hold 50K coins instead of 10K, is that gives any advantage (besides the fact it is x5 more) ?

Why the node can go down? is there a way to automatically activate it if it goes down?

Can you give some idea about the calculations? http://samesake.com/xem/harvesting-calculator/

So if I setup a a harvest node now with 10001 coins. what would be my vested balance?
If you got some results from your experience that will be awesome!

[ManonLescaut]

First time I heard about it.

So let's say I buy 10,001 XEM's.

Then I need to put them into Vested balance mode right?

So my XEM's wont be available any more ? they're like in a "loan" status?

If you can give me some examples/calculations that will be great, so I can jump right on it

Nope, you can still spend them if you like but your vested balance decreases along with your importance. Your wallet balance becomes vested balance slowly overtime but it is not removed from your wallet.

So all I need is to keep 10,001 XEM's in my wallet, convert to vested and it's all automatic right? I don't need to do any thing else besides keeping it on my wallet, closing it and open it in 2020?

Yes. A delegate node ( "Delegate Harvesting") is doing the work for you. and you are not losing the only control over your funds. But check from time to time if the delegated node which is doing the work for you is still active. There is a NEM-Bot  called "NemNotifications" on Telegram where you can get alerts when your dlegated node is down or when you harvested a new block.

I see. very very interesting. not sure how I've missed that.

So in which wallets can I set/keeping it up? (Or only the one from the guide).

What if I hold 50K coins instead of 10K, is that gives any advantage (besides the fact it is x5 more) ?

Why the node can go down? is there a way to automatically activate it if it goes down?

Can you give some idea about the calculations? http://samesake.com/xem/harvesting-calculator/

So if I setup a a harvest node now with 10001 coins. what would be my vested balance?
If you got some results from your experience that will be awesome!

https://www.nem.io/install.html
These are the possible Wallets. I use Nano. It is safe and easy to use. massive  easy-to-use features included like namespaces, multi-sig etc. . The fees for these will be lowered within the next few weeks up to factor 20.

The probability to harvest a block is based on your vested amount and "activity" - means amount of transactions  you are producing. The more of it, the higher your Proof-of-Importance-Score = the higher your chance to create the new block and get the included fees in it ( 1 Block each minute). You can not automatically reactivate the delegate node, as it is only a delegate node. So it is not your node. But remember, this delegate node has no access to your funds. You let it only know your Proof-of-Importance score, for the Block-competition.

The calculation show you the amount of days you need to wait until you reach the "vested amount". This is because, once you transfered lets say 10.000k to your Wallet, the software will vest 10% of it each day. That is how you gonna reach your vested amount. After you got at least  10.000 Xem vested, you can start activating "delegate harvesting" in the NanoWallet. Don't forget, your computer doesn't need to be on in order to be able to harvest. All happens in the background.

[Metros]

First time I heard about it.

So let's say I buy 10,001 XEM's.

Then I need to put them into Vested balance mode right?

So my XEM's wont be available any more ? they're like in a "loan" status?

If you can give me some examples/calculations that will be great, so I can jump right on it

Nope, you can still spend them if you like but your vested balance decreases along with your importance. Your wallet balance becomes vested balance slowly overtime but it is not removed from your wallet.

So all I need is to keep 10,001 XEM's in my wallet, convert to vested and it's all automatic right? I don't need to do any thing else besides keeping it on my wallet, closing it and open it in 2020?

Yes. A delegate node ( "Delegate Harvesting") is doing the work for you. and you are not losing the only control over your funds. But check from time to time if the delegated node which is doing the work for you is still active. There is a NEM-Bot  called "NemNotifications" on Telegram where you can get alerts when your dlegated node is down or when you harvested a new block.

I see. very very interesting. not sure how I've missed that.

So in which wallets can I set/keeping it up? (Or only the one from the guide).

What if I hold 50K coins instead of 10K, is that gives any advantage (besides the fact it is x5 more) ?

Why the node can go down? is there a way to automatically activate it if it goes down?

Can you give some idea about the calculations? http://samesake.com/xem/harvesting-calculator/

So if I setup a a harvest node now with 10001 coins. what would be my vested balance?
If you got some results from your experience that will be awesome!

https://www.nem.io/install.html
These are the possible Wallets. I use Nano. It is safe and easy to use. massive  easy-to-use features included like namespaces, multi-sig etc. . The fees for these will be lowered within the next few weeks up to factor 20.

The probability to harvest a block is based on your vested amount and "activity" - means amount of transactions  you are producing. The more of it, the higher your Proof-of-Importance-Score = the higher your chance to create the new block and get the included fees in it ( 1 Block each minute). You can not automatically reactivate the delegate node, as it is only a delegate node. So it is not your node. But remember, this delegate node has no access to your funds. You let it only know your Proof-of-Importance score, for the Block-competition.

The calculation show you the amount of days you need to wait until you reach the "vested amount". This is because, once you transfered lets say 10.000k to your Wallet, the software will vest 10% of it each day. That is how you gonna reach your vested amount. After you got at least  10.000 Xem vested, you can start activating "delegate harvesting" in the NanoWallet. Don't forget, your computer doesn't need to be on in order to be able to harvest. All happens in the background.

So if I do not plan to make any transactions for the next 12 months.
Will it still be profitable to run the Harvest feature?

[ManonLescaut]

First time I heard about it.

So let's say I buy 10,001 XEM's.

Then I need to put them into Vested balance mode right?

So my XEM's wont be available any more ? they're like in a "loan" status?

If you can give me some examples/calculations that will be great, so I can jump right on it

Nope, you can still spend them if you like but your vested balance decreases along with your importance. Your wallet balance becomes vested balance slowly overtime but it is not removed from your wallet.

So all I need is to keep 10,001 XEM's in my wallet, convert to vested and it's all automatic right? I don't need to do any thing else besides keeping it on my wallet, closing it and open it in 2020?

Yes. A delegate node ( "Delegate Harvesting") is doing the work for you. and you are not losing the only control over your funds. But check from time to time if the delegated node which is doing the work for you is still active. There is a NEM-Bot  called "NemNotifications" on Telegram where you can get alerts when your dlegated node is down or when you harvested a new block.

I see. very very interesting. not sure how I've missed that.

So in which wallets can I set/keeping it up? (Or only the one from the guide).

What if I hold 50K coins instead of 10K, is that gives any advantage (besides the fact it is x5 more) ?

Why the node can go down? is there a way to automatically activate it if it goes down?

Can you give some idea about the calculations? http://samesake.com/xem/harvesting-calculator/

So if I setup a a harvest node now with 10001 coins. what would be my vested balance?
If you got some results from your experience that will be awesome!

https://www.nem.io/install.html
These are the possible Wallets. I use Nano. It is safe and easy to use. massive  easy-to-use features included like namespaces, multi-sig etc. . The fees for these will be lowered within the next few weeks up to factor 20.

The probability to harvest a block is based on your vested amount and "activity" - means amount of transactions  you are producing. The more of it, the higher your Proof-of-Importance-Score = the higher your chance to create the new block and get the included fees in it ( 1 Block each minute). You can not automatically reactivate the delegate node, as it is only a delegate node. So it is not your node. But remember, this delegate node has no access to your funds. You let it only know your Proof-of-Importance score, for the Block-competition.

The calculation show you the amount of days you need to wait until you reach the "vested amount". This is because, once you transfered lets say 10.000k to your Wallet, the software will vest 10% of it each day. That is how you gonna reach your vested amount. After you got at least  10.000 Xem vested, you can start activating "delegate harvesting" in the NanoWallet. Don't forget, your computer doesn't need to be on in order to be able to harvest. All happens in the background.

So if I do not plan to make any transactions for the next 12 months.
Will it still be profitable to run the Harvest feature?

Well, it depends. For me the delegate harvesting is literally just a gift as I am 100% liquid and in full control of my funds.  If you invest into XEM because you believe in the technology behind it - like many of the strong and literate NEM-community do -  and not because of harvesting primarily, than yes it is more than profitable in the mid-long run.

There are better coins than XEM to ride the daily cryptocurrency-rollercoaster with pocket money.
XEM is for long, and it makes a big stake of my funds and therefore I can sleep calm.

[Metros]

First time I heard about it.

So let's say I buy 10,001 XEM's.

Then I need to put them into Vested balance mode right?

So my XEM's wont be available any more ? they're like in a "loan" status?

If you can give me some examples/calculations that will be great, so I can jump right on it

Nope, you can still spend them if you like but your vested balance decreases along with your importance. Your wallet balance becomes vested balance slowly overtime but it is not removed from your wallet.

So all I need is to keep 10,001 XEM's in my wallet, convert to vested and it's all automatic right? I don't need to do any thing else besides keeping it on my wallet, closing it and open it in 2020?

Yes. A delegate node ( "Delegate Harvesting") is doing the work for you. and you are not losing the only control over your funds. But check from time to time if the delegated node which is doing the work for you is still active. There is a NEM-Bot  called "NemNotifications" on Telegram where you can get alerts when your dlegated node is down or when you harvested a new block.

I see. very very interesting. not sure how I've missed that.

So in which wallets can I set/keeping it up? (Or only the one from the guide).

What if I hold 50K coins instead of 10K, is that gives any advantage (besides the fact it is x5 more) ?

Why the node can go down? is there a way to automatically activate it if it goes down?

Can you give some idea about the calculations? http://samesake.com/xem/harvesting-calculator/

So if I setup a a harvest node now with 10001 coins. what would be my vested balance?
If you got some results from your experience that will be awesome!

https://www.nem.io/install.html
These are the possible Wallets. I use Nano. It is safe and easy to use. massive  easy-to-use features included like namespaces, multi-sig etc. . The fees for these will be lowered within the next few weeks up to factor 20.

The probability to harvest a block is based on your vested amount and "activity" - means amount of transactions  you are producing. The more of it, the higher your Proof-of-Importance-Score = the higher your chance to create the new block and get the included fees in it ( 1 Block each minute). You can not automatically reactivate the delegate node, as it is only a delegate node. So it is not your node. But remember, this delegate node has no access to your funds. You let it only know your Proof-of-Importance score, for the Block-competition.

The calculation show you the amount of days you need to wait until you reach the "vested amount". This is because, once you transfered lets say 10.000k to your Wallet, the software will vest 10% of it each day. That is how you gonna reach your vested amount. After you got at least  10.000 Xem vested, you can start activating "delegate harvesting" in the NanoWallet. Don't forget, your computer doesn't need to be on in order to be able to harvest. All happens in the background.

So if I do not plan to make any transactions for the next 12 months.
Will it still be profitable to run the Harvest feature?

Well, it depends. For me the delegate harvesting is literally just a gift as I am 100% liquid and in full control of my funds.  If you invest into XEM because you believe in the technology behind it - like many of the strong and literate NEM-community do -  and not because of harvesting primarily, than yes it is more than profitable in the mid-long run.

There are better coins than XEM to ride the daily cryptocurrency-rollercoaster with pocket money.
XEM is for long, and it makes a big stake of my funds and therefore I can sleep calm.

Tbh, I have a big faith on the NEM system, I really wanna see more projects using NEM to beat Ethereum (And I like Ethereum).

But what I meant, is that currently I don't have much time to deal with crypto world.

So I am looking to do a long-term invest. so I wondered if I can get rewards on the Harvest node without making transactions.. any rewards

If there was a calculator for that, super.. but nothing so all I got is you hehe

[ManonLescaut]

First time I heard about it.

So let's say I buy 10,001 XEM's.

Then I need to put them into Vested balance mode right?

So my XEM's wont be available any more ? they're like in a "loan" status?

If you can give me some examples/calculations that will be great, so I can jump right on it

Nope, you can still spend them if you like but your vested balance decreases along with your importance. Your wallet balance becomes vested balance slowly overtime but it is not removed from your wallet.

So all I need is to keep 10,001 XEM's in my wallet, convert to vested and it's all automatic right? I don't need to do any thing else besides keeping it on my wallet, closing it and open it in 2020?

Yes. A delegate node ( "Delegate Harvesting") is doing the work for you. and you are not losing the only control over your funds. But check from time to time if the delegated node which is doing the work for you is still active. There is a NEM-Bot  called "NemNotifications" on Telegram where you can get alerts when your dlegated node is down or when you harvested a new block.

I see. very very interesting. not sure how I've missed that.

So in which wallets can I set/keeping it up? (Or only the one from the guide).

What if I hold 50K coins instead of 10K, is that gives any advantage (besides the fact it is x5 more) ?

Why the node can go down? is there a way to automatically activate it if it goes down?

Can you give some idea about the calculations? http://samesake.com/xem/harvesting-calculator/

So if I setup a a harvest node now with 10001 coins. what would be my vested balance?
If you got some results from your experience that will be awesome!

https://www.nem.io/install.html
These are the possible Wallets. I use Nano. It is safe and easy to use. massive  easy-to-use features included like namespaces, multi-sig etc. . The fees for these will be lowered within the next few weeks up to factor 20.

The probability to harvest a block is based on your vested amount and "activity" - means amount of transactions  you are producing. The more of it, the higher your Proof-of-Importance-Score = the higher your chance to create the new block and get the included fees in it ( 1 Block each minute). You can not automatically reactivate the delegate node, as it is only a delegate node. So it is not your node. But remember, this delegate node has no access to your funds. You let it only know your Proof-of-Importance score, for the Block-competition.

The calculation show you the amount of days you need to wait until you reach the "vested amount". This is because, once you transfered lets say 10.000k to your Wallet, the software will vest 10% of it each day. That is how you gonna reach your vested amount. After you got at least  10.000 Xem vested, you can start activating "delegate harvesting" in the NanoWallet. Don't forget, your computer doesn't need to be on in order to be able to harvest. All happens in the background.

So if I do not plan to make any transactions for the next 12 months.
Will it still be profitable to run the Harvest feature?

Well, it depends. For me the delegate harvesting is literally just a gift as I am 100% liquid and in full control of my funds.  If you invest into XEM because you believe in the technology behind it - like many of the strong and literate NEM-community do -  and not because of harvesting primarily, than yes it is more than profitable in the mid-long run.

There are better coins than XEM to ride the daily cryptocurrency-rollercoaster with pocket money.
XEM is for long, and it makes a big stake of my funds and therefore I can sleep calm.

Tbh, I have a big faith on the NEM system, I really wanna see more projects using NEM to beat Ethereum (And I like Ethereum).

But what I meant, is that currently I don't have much time to deal with crypto world.

So I am looking to do a long-term invest. so I wondered if I can get rewards on the Harvest node without making transactions.. any rewards

If there was a calculator for that, super.. but nothing so all I got is you hehe

ATM I harvest with 15k XEM and got average 1 Block per Week with average 15 XEM fees each.  I don't do transactions  either. I wouldn't not wonder if the price of XEM  compare to Fiat and BTC will rise massively within the next 5 years. That's why, the harvesting is a nice side gift from the system.

[greentea]

ATM I harvest with 15k XEM and got average 1 Block per Week with average 15 XEM fees each.  I don't do transactions  either. I wouldn't not wonder if the price of XEM  compare to Fiat and BTC will rise massively within the next 5 years. That's why, the harvesting is a nice side gift from the system.

That's one of the best features of NEM, delegated harvesting.  Collecting fees with your PC off.

Don't think mining BTC with a comparable amount would get you anything like NEM ... just wasted electricity

[Metros]

ATM I harvest with 15k XEM and got average 1 Block per Week with average 15 XEM fees each.  I don't do transactions  either. I wouldn't not wonder if the price of XEM  compare to Fiat and BTC will rise massively within the next 5 years. That's why, the harvesting is a nice side gift from the system.

That's one of the best features of NEM, delegated harvesting.  Collecting fees with your PC off.

Don't think mining BTC with a comparable amount would get you anything like NEM ... just wasted electricity

greentea, You know similar coins with similar concept of harvesting/staking ?

[rigel]

ATM I harvest with 15k XEM and got average 1 Block per Week with average 15 XEM fees each.  I don't do transactions  either. I wouldn't not wonder if the price of XEM  compare to Fiat and BTC will rise massively within the next 5 years. That's why, the harvesting is a nice side gift from the system.

That's one of the best features of NEM, delegated harvesting.  Collecting fees with your PC off.

Don't think mining BTC with a comparable amount would get you anything like NEM ... just wasted electricity

greentea, You know similar coins with similar concept of harvesting/staking ?

Every POS coin (NXT, Waves...) has ability to delegate staking to a pool but this brings to centralization and you must trust the pool to return you the profits.

NEM is better: you delegate to your own personal pool and you have complete  control even if your pool runs on someone else's node.

[Razoo]

Are there merchants that accept xem  as payment?

[Jiddu]

Are there merchants that accept xem  as payment?

I know of this: http://mynem.store

[Razoo]

Are there merchants that accept xem  as payment?

I know of this: http://mynem.store

I wouldn't trust that site. It's not secure.

[BloodyRookie]

Are there merchants that accept xem  as payment?

I know of this: http://mynem.store

I wouldn't trust that site. It's not secure.

Just because it is http? You pay by making a separate XEM transfer with your favorite client, payment is not integrated into the store.

[nickelback65]

Are there merchants that accept xem  as payment?

I know of this: http://mynem.store

I wouldn't trust that site. It's not secure.

Just because it is http? You pay by making a separate XEM transfer with your favorite client, payment is not integrated into the store.

Gulden allows you to pay at Gulden or Bitcoin merchants.  Is this a possibility with XEM in the future?

[Razoo]

Just because it is http? You pay by making a separate XEM transfer with your favorite client, payment is not integrated into the store.

I don't care how it's integrated, if the site isn't https it doesn't get my business.

[bitpszemek]

Are there merchants that accept xem  as payment?

I know of this: http://mynem.store

I wouldn't trust that site. It's not secure.

It's 100% safe. A lot of nem gadgets are all over th world now (: