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

[patmast3r]

Hello everyone here

I want to start invest in this coin
But I can't read all pages in this topic it is too much

Just answer me. Is this coin staking profitable or no ... and what percent reward for staking ?

Is that daily reward ?

If you hold 2-3million XEM, you will harvest at least 100 XEM per week on average, bear in mind that once NEM gains adoption and the value increases tenfold, this would be a substantial amount of earning each week.

I think the fake txs that are being sent to reward harvesters right now will prob stop once node rewards are up and running.
Earnings will prob drop a bit then until there are more tx in the network.
Since people running nodes are getting rewards for that and harvesters that are harvesting on 3rd party nodes don't really have to invest anthing it should be fine though...

[1714054971]

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[1714054971]

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[1714054971]

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[dalistar]

Hello everyone here

I want to start invest in this coin
But I can't read all pages in this topic it is too much

Just answer me. Is this coin staking profitable or no ... and what percent reward for staking ?

Is that daily reward ?

If you hold 2-3million XEM, you will harvest at least 100 XEM per week on average, bear in mind that once NEM gains adoption and the value increases tenfold, this would be a substantial amount of earning each week.

I think the fake txs that are being sent to reward harvesters right now will prob stop once node rewards are up and running.
Earnings will prob drop a bit then until there are more tx in the network.
Since people running nodes are getting rewards for that and harvesters that are harvesting on 3rd party nodes don't really have to invest anthing it should be fine though...

i have my dedicated server online and uptime 99,9 %

i want to know what the reward i can make if i start staking with my dedicated server

[patmast3r]

Hello everyone here

I want to start invest in this coin
But I can't read all pages in this topic it is too much

Just answer me. Is this coin staking profitable or no ... and what percent reward for staking ?

Is that daily reward ?

If you hold 2-3million XEM, you will harvest at least 100 XEM per week on average, bear in mind that once NEM gains adoption and the value increases tenfold, this would be a substantial amount of earning each week.

I think the fake txs that are being sent to reward harvesters right now will prob stop once node rewards are up and running.
Earnings will prob drop a bit then until there are more tx in the network.
Since people running nodes are getting rewards for that and harvesters that are harvesting on 3rd party nodes don't really have to invest anthing it should be fine though...

i have my dedicated server online and uptime 99,9 %

i want to know what the reward i can make if i start staking with my dedicated server

I'm not sure if any specific amounts have been mentioned yet.
All we knows right now is this https://forum.nem.io/t/nem-supernode-rewards-program/1735
Also afaik it's going to be a lottery so at best people can tell you an average over a period of time.

[nzminer]

Hello everyone here

I want to start invest in this coin
But I can't read all pages in this topic it is too much

Just answer me. Is this coin staking profitable or no ... and what percent reward for staking ?

Is that daily reward ?

If you hold 2-3million XEM, you will harvest at least 100 XEM per week on average, bear in mind that once NEM gains adoption and the value increases tenfold, this would be a substantial amount of earning each week.

I think the fake txs that are being sent to reward harvesters right now will prob stop once node rewards are up and running.
Earnings will prob drop a bit then until there are more tx in the network.
Since people running nodes are getting rewards for that and harvesters that are harvesting on 3rd party nodes don't really have to invest anthing it should be fine though...

Didnt realise that people were making fake TX to achieve that! lol

Anyway, whats the story with Node rewards?

70K of XEM is quite a large payout, how does it work? It sounds like a lottery in that a random node will get the payout?

I need about another 750K of XEM to run a node.

Other problem is our ISP runs CGNAT, so will this still be possible for me to rub a node?

[Thingamajig]

An interesting read:

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.tnkeizmi7

[Nortan12rx]

An interesting read:

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.tnkeizmi7

all were against bitcoin-xt
it would kill bitcoin if it accepted
size of a network would grow with 50gb to 1tr and more

[b1007]

 Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin?  

[Xpedite]

It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? 

NEM currently has 120 transactions per block so this equals out to 2 TPS.

[b1007]

It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? 

NEM currently has 120 transactions per block so this equals out to 2 TPS.

Is that good?

[patmast3r]

It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? 

NEM currently has 120 transactions per block so this equals out to 2 TPS.

Is that good?

No but it's more than enough for now.
However that 120 tx is a limitation that is afaik mostly catered to nodes that couldn't handle more during the early beta tests. If nodes were stronger (and they will be due to supernode rewards) NEM could prob do a lot more than 120 per block.

[b1007]

It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? 

NEM currently has 120 transactions per block so this equals out to 2 TPS.

Is that good?

No but it's more than enough for now.
However that 120 tx is a limitation that is afaik mostly catered to nodes that couldn't handle more during the early beta tests. If nodes were stronger (and they will be due to supernode rewards) NEM could prob do a lot more than 120 per block.

hmm okay, but in the future it can be adapted even further right? Not like bitcoin when it reaches its limit it melts down?

[patmast3r]

It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? 

NEM currently has 120 transactions per block so this equals out to 2 TPS.

Is that good?

No but it's more than enough for now.
However that 120 tx is a limitation that is afaik mostly catered to nodes that couldn't handle more during the early beta tests. If nodes were stronger (and they will be due to supernode rewards) NEM could prob do a lot more than 120 per block.

hmm okay, but in the future it can be adapted even further right? Not like bitcoin when it reaches its limit it melts down?

Yes the limits can be set higher in the future. I don't think it's a priority for the devs right now though since there just is no demand for it.

[b1007]

It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? 

NEM currently has 120 transactions per block so this equals out to 2 TPS.

Is that good?

No but it's more than enough for now.
However that 120 tx is a limitation that is afaik mostly catered to nodes that couldn't handle more during the early beta tests. If nodes were stronger (and they will be due to supernode rewards) NEM could prob do a lot more than 120 per block.

hmm okay, but in the future it can be adapted even further right? Not like bitcoin when it reaches its limit it melts down?

Yes the limits can be set higher in the future. I don't think it's a priority for the devs right now though since there just is no demand for it.

Not at this point in time indeed, but you can never start soon enough when it comes to anticipating with a project like this. First NEM is going to conquer the Asian economies, and then the world, soooo eventually NEM will need a lot of transaction capacity. 

[Xpedite]

Not at this point in time indeed, but you can never start soon enough when it comes to anticipating with a project like this. First NEM is going to conquer the Asian economies, and then the world, soooo eventually NEM will need a lot of transaction capacity. 

That's where the devs' experience with Mijin will certainly prove valuable. I'm confident it won't be an issue any time soon ..

[b1007]

So when is APEX exchange going online? because honestly I don't like the fact that XEM is tied in to the "mood swings' of bitcoin...

[rockethead]

So when is APEX exchange going online? because honestly I don't like the fact that XEM is tied in to the "mood swings' of bitcoin...

Coding is more or less complete but still needs to put them together as a system. Estimated to be 2 weeks. There after we will have internal tests. Estimated to be 3-4 weeks. Subsequently, we will invite a small group who will test it. Estimated to be 4 weeks.

This is the time frame. But as with all software projects, this is our estimated time frame and cannot be taken as a firm commitment.

For your info, this is a fiat/BTC/XEM/Mosaic exchange only. We are not interested in other alts at the moment.

[ryanb]

I hold around 600k how much should i expect a day from harvesting?

[patmast3r]

I hold around 600k how much should i expect a day from harvesting?

depends on what kind of blocks you hit. you will hit a couple of blocks a day though.

[greentea]

So when is APEX exchange going online? because honestly I don't like the fact that XEM is tied in to the "mood swings' of bitcoin...

Coding is more or less complete but still needs to put them together as a system. Estimated to be 2 weeks. There after we will have internal tests. Estimated to be 3-4 weeks. Subsequently, we will invite a small group who will test it. Estimated to be 4 weeks.

This is the time frame. But as with all software projects, this is our estimated time frame and cannot be taken as a firm commitment.

For your info, this is a fiat/BTC/XEM/Mosaic exchange only. We are not interested in other alts at the moment.

Good to hear.  What types of fiat will the exchange accept?  What geographical area is its main focus?

With the recent cryptsy debacle (http://blog.cryptsy.com/) hopefully lots has been learned in running an exchange

[mitache365]

XEM still low ?