Delegated harvesting lets you passively earn block rewards on-chain. Possible?

Godstrength

jr. member

Activity: 191

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Quote from: Boardmangetpaid on August 11, 2020, 10:12:36 PM

Quote from: BillGoldberg on August 11, 2020, 10:02:51 PM

So, do you have to hold some XYM's in order to harvest?

As far as I know, your rights to earn rewards are based on how many XYM coins you are holding, but from what I read, you can delegate those rights to someone else’s node so they will earn rewards on your behalf.

Hmm, I don't know what to feel about that. The risk-reward ratio should be in favor of me then.

Boardmangetpaid

newbie

Activity: 109

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Quote from: BillGoldberg on August 11, 2020, 10:02:51 PM

So, do you have to hold some XYM's in order to harvest?

As far as I know, your rights to earn rewards are based on how many XYM coins you are holding, but from what I read, you can delegate those rights to someone else’s node so they will earn rewards on your behalf.

BillGoldberg

jr. member

Activity: 104

Merit: 1

So, do you have to hold some XYM's in order to harvest?

Boardmangetpaid

newbie

Activity: 109

Merit: 0

According to people reviewing it, NEM's Symbol has an economic system that allows you to passively earn coin rewards just as if you were mining. Which they're saying is better than staking rewards given by exchanges since you don’t need to put your coins on an exchange and you are earning actual block rewards.

You’ll earn on-chain block rewards even when your computer is turned off, and the rewards are sent to you instantly, the moment they are earned.

Source -- https://symbolplatform.com/latest/delegated-harvesting-explained

Can this be a new way of earning similar to airdrops/bounties?

Topic: Delegated harvesting lets you passively earn block rewards on-chain. Possible? (Read 98 times)