Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 770. (Read 2985369 times)

Is it worth harvesting with 16k of XEM ?

Supernode program starts 1 June. Devs talking here about it long before. Then nem was cheap, and every body who was truly interested to support nem network buy some missing coins.

Now price go up, supernode profit either, and that we see now?
some users began to really worry about the security of the network because of the small number of supernodes! They are asking to lower the entry threshold. probably because they are worried now! For now, the network is in great danger without their supernodes !!!

Count me in here too

If the limit is lowered to the amount of one nem stake to run a node, then i think thats a fair amount, since thats the original minimum amount that investors held if they had a stake from day one

The beauty with this system is that banks and other financial institutions want their own private blockchain, which mijin offers.
This will offer them a high TPS with low cost instead of lots of fees.

The second advantage is this demonstrates the power of NEM, because its based on the exact same technology!

And to top it off, both NEM and Mijin are designed to work together, so people can have the best of both worlds. 

If at this trend supernode will earn @ least $100/day in 7 years.

Currently supernodes are getting about 500 xem per day.

I have two and a half men nem stakes but I am to stupid to harvest.
Could run 2 supernodes but I do not even dare to think about.
Any safe method to participate a "harvest pool"?

how many XEM can supernode of 3 mil make currently if it is not too active in transaction area?

Is there a technical reason for the 3 million limit?

I believe there was some discussion awhile back about lowering the balance amount for supernodes as the price rises.

It only makes sense, as (at the moment) ~30+ BTC to run a supernode is out of reach for most people, especially if you're just joining the ranks.

 

IMO all of the Mijin news has attracted attention to NEM and when people research and learn the details about the project they realize it's potential and conclude XEM is currently undervalued because:

1) Zero inflation.
No new XEM will ever be generated so it is one of the few coins that currently has no inflation.

2) Good initial distribution.
No premine or unfair initial distribution of the currency to insiders/devs. I bet most of the greedy short-sighted stake holders probably sold out long ago so most current holders believe in the project and have very long positions thus there is not much supply of XEM also due it part because of #1 above.

3) POI (proof of importance)
POI appears to be working as intended which has many advantages over POW. There is no hashrate arms race nor massive amounts of energy required to secure the network. You don't have miners who are forced to sell freshly mined currency to cover their mining costs which again limits supply. Securing the network is actually very cheap compared to POW currency.

4) Solid dev team/leadership.
A lot of people are turned off by the current situation with BTC and ETH development for various reasons. The NEM team seems to be very talented and they appear to be "down for the cause" with a grand long term vision.

5) Solid tech.
NEM is one of the strongest platforms when you look under the hood. Anybody that researches the details will be very impressed with the technology that powers NEM and the features it offers as well as very impressive plans for the future. The use of this tech by the banking industry via Mijin signals this same confidence.

6) Solid dev/community funds.
The multisig funds will fuel progress for quite some time and puts this project in a very healthy long term position, especially as the price increases.

There is no other cryptocurrency that offers all of the above IMO and slowly the secret is getting out. As an initial stakeholder I personally plan to ignore the roller-coaster and hope to hold AT LEAST until 1XEM = 1USD because I truly believe in it's potential to change the world and that won't happen overnight...

Xem and mijin are two different products that share the same technology and code base.

The fact that financial institutions start using mijin in real world applications demonstrates how solid this technology is.

This is the first crypto project to have some relevance outside cryptocoin world.
Even bitcoin is just a nerds only toy when compared to nem.

The password is nem

now you can create supernode for 3 mil coins and no any other conditions not, but as an option, you can through smart contract to build with few users on equal terms one overall score for super node and receive rewards at all, or to create a regular node or two - you can't afford that, there are no other options

Your vote is important! Vote for NEM in the #2 exclusive review on Invesd!

https://twitter.com/ProjectInvesd/status/747085082482057216

Also check out:
https://invesd.org

I dont get NEM.
NEM creates blockchain software that can be used by banks (mijin)?
But why do we have XEM then? What is the connection?

I wanted to use my free 2 GB VPS to set up and run a SuperNode today. According the requirements on the NEM forum, a SuperNode account needs at least 3,000,030 XEM.
Is this right?
I own only 1/3 of it. 3 million XEM are 21,000 USD at the moment. This is a big amount to let users be part of this network. Are there any other options to run a Supernode wish less XEM except a "normal" XEM node?

Lightweight wallet from http://nem.io/install.html is password protected. Why? What is the password?

Thank you

Well, I think the big jump is not mainly caused by usual traders here on the board but rather by big players like whales or even companies/institutions which have understood the bride perspective of NEM. Such players are silent by nature

Yes, a "FIAT/NEM - NEM/FIAT link for dummies" would be great. I wrote LiteBit.eu an e-mail and asked them to add NEM, so people can buy NEM directly with euro's, without having to use Bitcoin and complicated exchanges.
See: https://www.litebit.eu/en