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Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1242. (Read 2985503 times)

legendary
Activity: 866
Merit: 1002
I have some questions and I would be grateful if an experienced Nemer would spend some time to answer them:

- Can an account delegate harvest using multiple nodes at the same time?
If you mean using same delegated key on multiple nodes - yes

- What is the difference if an account delegate harvest at only one node vs multiple nodes?

none

- Is it better to run multiple nodes in harvesting or it is the same as harvesting with multiple accounts @ 1 node?

There shouldn't be noticeable difference, second is most-likely more eco-friendly.
legendary
Activity: 866
Merit: 1002
Question for discussion:

Should exchanges be allowed to harvest?

You can't stop anyone from harvesting. Each account makes it's own decision
From what i know from some poloniex mods, their contract prohibits harvesting
If poloniex is NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D then they are harvesting

It's their call no one can stop them. Although I must say I wouldn't do that...

If they really do, I hope they're doing it on some separate node, not on the node they use for getting information.
hero member
Activity: 616
Merit: 500
I have to say that all those complicated POI or PoA (node) or whatever leads to nothing but messing people's minds and others trying to exploite the system by spamming transactions etc...

The best egalitarian system would be a totally random harvesting, that way people with 10000 or 5000000 balance would have the same chance to find a block, this is such a waste of time man, i can't believe this.

Harvesting is to support the network and gives equal chances to newcomers wtf it seems so obvious. You keep your nems in the hope that it will gain value like bitcoin or any other coins, no need to make it a harvesting ponzi or something and have people shouting that pos related systems are making the rich richer.

Man, this is so simple.

No it is not simple...

I believe our devs would have it much easier for them to code a system where every node has the same chance on getting the block...
That wouldn't work because if I create a botnet with thousands of computers than i own the NEM.

Other route would be to give voting power to each monetary unit - like NXT did - then you have whales who get almost all the forging rewards and also it rewards hoarding

NEM is unique because of that Eigentrust model where the importance of each node is constantly calculated and it is most fair and also incentivizes spending and being useful and not just hoarding.

Glad to have you asking questions. Please stop by at http://nem.io/ and read more about NEM.

EDIT: also equal does not mean fair.

What about the power to pay for the botnet? If fees are not high enough then running the botnet would cost you money.

EDIT: with POI, the more XEM you have the higher your POI is, so those richer will have a better chance for rewards.
full member
Activity: 224
Merit: 100
I have to say that all those complicated POI or PoA (node) or whatever leads to nothing but messing people's minds and others trying to exploite the system by spamming transactions etc...

The best egalitarian system would be a totally random harvesting, that way people with 10000 or 5000000 balance would have the same chance to find a block, this is such a waste of time man, i can't believe this.

Harvesting is to support the network and gives equal chances to newcomers wtf it seems so obvious. You keep your nems in the hope that it will gain value like bitcoin or any other coins, no need to make it a harvesting ponzi or something and have people shouting that pos related systems are making the rich richer.

Man, this is so simple.

No it is not simple...

I believe our devs would have it much easier for them to code a system where every node has the same chance on getting the block...
That wouldn't work because if I create a botnet with thousands of computers than i own the NEM.

Other route would be to give voting power to each monetary unit - like NXT did - then you have whales who get almost all the forging rewards and also it rewards hoarding

NEM is unique because of that Eigentrust model where the importance of each node is constantly calculated and it is most fair and also incentivizes spending and being useful and not just hoarding.

Glad to have you asking questions. Please stop by at http://nem.io/ and read more about NEM.

EDIT: also equal does not mean fair.
legendary
Activity: 1918
Merit: 1001
Ive only harvested one block since the 1st of April and that block was on that very day!

Anyway, im wondering if local harvesting may work better? IDK, im pretty sure that block was harvested before deligated harvesting kicked in.
What does it mean with the "due by" option of one hour when you start deligated harvesting?
Should i have increased the number of hours?

The first day was great for harvesting because of lots of txs (transactions) made to Poloniex. It was my best day too in harvesting so far...
I believe it's the same if you run it locally or delegated...

The due by has nothing to do with your importance score and it does not affect your harvesting ability in any kind.

It has to do with executing that transaction:
It is fine whatever value you set there, the client will try to execute everythin immediately, but if something goes wrong (bad internet connection etc.) after the value set - the order will be canceled... It is like an interval during which the transaction will be tried to be executed.

Glad to have you in our movement!

No worries, hopefully when Bittrex and other exchanges add us there will be more trading volume etc.
Launch day was a frenzy!
legendary
Activity: 1526
Merit: 1012
I have to say that all those complicated POI or PoA (node) or whatever leads to nothing but messing people's minds and others trying to exploite the system by spamming transactions etc...

The best egalitarian system would be a totally random harvesting, that way people with 10000 or 5000000 balance would have the same chance to find a block, this is such a waste of time man, i can't believe this.

Harvesting is to support the network and gives equal chances to newcomers wtf it seems so obvious. You keep your nems in the hope that it will gain value like bitcoin or any other coins, no need to make it a harvesting ponzi or something and have people shouting that pos related systems are making the rich richer.

Man, this is so simple.
full member
Activity: 224
Merit: 100
Ive only harvested one block since the 1st of April and that block was on that very day!

Anyway, im wondering if local harvesting may work better? IDK, im pretty sure that block was harvested before deligated harvesting kicked in.
What does it mean with the "due by" option of one hour when you start deligated harvesting?
Should i have increased the number of hours?

The first day was great for harvesting because of lots of txs (transactions) made to Poloniex. It was my best day too in harvesting so far...
I believe it's the same if you run it locally or delegated...

The due by has nothing to do with your importance score and it does not affect your harvesting ability in any kind.

It has to do with executing that transaction:
It is fine whatever value you set there, the client will try to execute everythin immediately, but if something goes wrong (bad internet connection etc.) after the value set - the order will be canceled... It is like an interval during which the transaction will be tried to be executed.

Glad to have you in our movement!
legendary
Activity: 1918
Merit: 1001
Ive only harvested one block since the 1st of April and that block was on that very day!

Anyway, im wondering if local harvesting may work better? IDK, im pretty sure that block was harvested before deligated harvesting kicked in.
What does it mean with the "due by" option of one hour when you start deligated harvesting?
Should i have increased the number of hours?
hero member
Activity: 644
Merit: 500
Question for discussion:

Should exchanges be allowed to harvest?

You can't stop anyone from harvesting. Each account makes it's own decision
From what i know from some poloniex mods, their contract prohibits harvesting

What is a "contract" and what does  "poloniex" has to do with my answer? You can't stop anyone from harvesting and you can't stop any exchange from adding nem.
full member
Activity: 224
Merit: 100
I have some questions and I would be grateful if an experienced Nemer would spend some time to answer them:

- Can an account delegate harvest using multiple nodes at the same time?

AFAIK no... the client won't let you... Because when you enter the address of the client to whom you delegate it is set. You cannot change it to or add another client without stopping the harvesting...

- What is the difference if an account delegate harvest at only one node vs multiple nodes?
I believe I've answered with previous answer.

- Is it better to run multiple nodes in harvesting or it is the same as harvesting with multiple accounts @ 1 node?
If you're thinking on deviding your asset into different accounts and then trying to harvest with those different account simultaneously - the outcome will be the same... Your chance to hit the block will not improve.

- What is the best strategy in terms of harvesting more block while supporting the NEM network?
Have more XEM and make your node be useful (create a service or something that will generate a lot of unique traffic through that address)...
hero member
Activity: 616
Merit: 500
Question for discussion:

Should exchanges be allowed to harvest?

You can't stop anyone from harvesting. Each account makes it's own decision
From what i know from some poloniex mods, their contract prohibits harvesting
If poloniex is NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D then they are harvesting
full member
Activity: 224
Merit: 100
I've a new NEM account that received a balance of 50,000 XEM more than 24 hours ago. I've activated the account delegate harvesting more than 24 hours ago. Now I can start harvesting, however whenever I try to start delegate harvesting I receive this error message:

ERROR 700
The provided account does not satisfy the basic criteria for harvesting. Mainly it is related to the amount of XEM within the account. Harvesting starts with at least 1000 XEM.

The account balance of 50,000 XEM has more than 2267 confirmations. And the account's vested balance is 0.00

What is vested balance? And when will I be able to harvest with the full account's balance?

Short answer: in a day or two.

Longer answer: That 1000 xem is a typo being corrected. it should state 10.000 XEM
Balance becomes vested by the rate of 10% per day - so out of 50k in 24 you'll have 5k vested so you need 2 days to get to aforementioned 10k to be vested for harvesting to happen.
So everything is cool. Just wait a little bit moar ;-)

http://blog.nem.io/how-local-and-delegated-harvesting-works/
http://nem.io/faq.html#how-harvest

hero member
Activity: 728
Merit: 500
Question for discussion:

Should exchanges be allowed to harvest?

You can't stop anyone from harvesting. Each account makes it's own decision
From what i know from some poloniex mods, their contract prohibits harvesting
hero member
Activity: 644
Merit: 500
Question for discussion:

Should exchanges be allowed to harvest?

You can't stop anyone from harvesting. Each account makes it's own decision
sr. member
Activity: 313
Merit: 252
I have some questions and I would be grateful if an experienced Nemer would spend some time to answer them:

- Can an account delegate harvest using multiple nodes at the same time?
- What is the difference if an account delegate harvest at only one node vs multiple nodes?
- Is it better to run multiple nodes in harvesting or it is the same as harvesting with multiple accounts @ 1 node?
- What is the best strategy in terms of harvesting more block while supporting the NEM network?
sr. member
Activity: 313
Merit: 252
I've a new NEM account that received a balance of 50,000 XEM more than 24 hours ago. I've activated the account delegate harvesting more than 24 hours ago. Now I can start harvesting, however whenever I try to start delegate harvesting I receive this error message:

ERROR 700
The provided account does not satisfy the basic criteria for harvesting. Mainly it is related to the amount of XEM within the account. Harvesting starts with at least 1000 XEM.

The account balance of 50,000 XEM has more than 2267 confirmations. And the account's vested balance is 0.00

What is vested balance? And when will I be able to harvest with the full account's balance?
hero member
Activity: 728
Merit: 500

Of course no one did.
First rule: "Never listen to the troll-box". At least, we don't take a support at Poloniex. Poloniex will take some support with us! Think about it.
At this stage (and may it will take min. another month), fear is your worst enemy. But also you know it better, as you know what you want, - And you are knowing, what it may could be worth and at least worth is to you! So, just know it better!
It's your money and at least your part of this whole idea! Finally, just show some patients guys.

5 idiots were posting there FUD, but 500 people were reading the FUD. So yeah I think it would be hours very well spend to explain things in that chat.
sr. member
Activity: 275
Merit: 250
WE NEEED MARKETING!
Marketing is there, and they are working pretty hard. The fact that they are not active here, doesn't mean they don't.
They are active on both forums and telegram. World does not end on BTT. If we will stay here, nem will die.
Thats why i've mentioned in one of my comments that the launch wasn't a big bummm , but only on nem forum and here

we are very active, I assure you.  we are the ones that made the nem.io website and all the tutorials at http://blog.nem.io/ we also are having lots of meeting behind the scenes.  if you would like to contribute please pm me and I'll explain how you can help.
you cant be serious?Huh :/
Yeah thanks also for your constructive post Mr. Smiley

5 idiots were posting there FUD, but 500 people were reading the FUD. So yeah I think it would be hours very well spend to explain things in that chat.
Thats what many Devs, marketers , etc can't understand regarding trollbox

5 idiots were posting there FUD, but 500 people were reading the FUD. So yeah I think it would be hours very well spend to explain things in that chat.

so tell me why you didn't do it ?
psybit said it. Instead of constantly demand some of you need to start doing.
LOL WTF?Huh I WAS THERE AND I FUCKING SPAMMED THAT SHIT TROLLBOX FULL WITH THE FAQ AND EVERYTHING: But sure... there were nem marketers to do that.....
Even then, I've posted there that we need some support at Poloniex and maybe poloniex isnt the best exchange, but nobody gave a damn fuck

Of course no one did.
First rule: "Never listen to the troll-box". At least, we don't take a support at Poloniex. Poloniex will take some support with us! Think about it.
At this stage (and may it will take min. another month), fear is your worst enemy. But also you know it better, as you know what you want, - And you are knowing, what it may could be worth and at least worth is to you! So, just know it better!
It's your money and at least your part of this whole idea! Finally, just show some patients guys.
hero member
Activity: 840
Merit: 500
Risk taker & Black Swan farmer.

Like I sad, I can understand your concern. I think at the end of next week things should look a bit different on the marketing side. Anyway, please understand there is an order of doing things right with NEM. There are lots of uncertainties when finally releasing a platform like this. We are not here to pump&dump and run, but rather make sure the technical side works and naturally build with marketing and other stuff on top of that.


Thanks for your answer. I can now clearly see(or at least figure out) what you guys are you working on and how some devs, and some marketers mentality it is. It's fuckin useless to share or at least outline some problems, ideas.

No, actually it's not useless at all. It's good to share and outline. I was just pointing out why we decided to act differently and said the marketing side should start being fully visible next week. Everyone is working hard to prepare some things that would help NEM a lot and I think it will be worth it.
hero member
Activity: 616
Merit: 500
Question for discussion:

Should exchanges be allowed to harvest?
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