Delegated Harvesting Questions

Tech Support
#1

Ok, so im new to NEM, In short ive been out of crypto for awhile, although I was lucky enough to get into bitcoin early (when it was about $3 each) so ive made a nice return on BTC and LTC too.

I think I have got my head around most of NEM, however im still slightly confused on the “Delegated Harvesting” part.

So I have a few questions as normally I can figure things out, but its late, after work and im so confused that even I need help…

So … whatever you vest “vesting balance” you earn 10% yield on your “unvested balance”?

Whatever balance you place in vested balance, is this then at risk of loss? e.g.g you dont get this balance back but you earn a yield on your unvested balance? or your not risking your balance at all? & its a reward for having x balance?

If your balance is not at risk, then surely delegate harvesting in short is a no brainer?

& Finally, Delegate Harvesting vs Setting up your own VPS setup… are you likely to earn more running your own vps… e.g. is delegated harvesting like a shared pool?

Thanks for your time.

#2

Whatever balance you place in vested balance, is this then at risk of loss? e.g.g you dont get this balance back but you earn a yield on your unvested balance? or your not risking your balance at all? & its a reward for having x balance?

your balance is not at risk at all. Every day, 10% of your unvested balance will get vested, that’s all. The unvested balance is pretty easy to calculate: my_balance - my_vested_balance.

delegated harvesting is a no brainer yes. The idea is to do a Transfer of Importance of your Account to a delegated account (Importance Transfer Transaction with mode ACTIVATE) and wait 6 hours. Then after these 6 hours you can select a Remote node from the list such as to define the node you are using for your delegated harvesting. I suggest checking out supernodes (some still have open slots) because you know that those will be online all the time.

Before you can actually start harvesting (select a node from the list), you will need 10000 XEM vested.

not sure about the profitability of running VPS right now but I think it’s all good, you can have a 2 USD VPS doing local harvesting and then delegate your Nanowallet account to your VPS, such that you always know when its online or not.

Basically delegated harvesting lets you Harvest Blocks even if your computer is turned off [that is, because you delegate the harvesting exercise to a remote node instead of using your locally running NIS instance].

Delegated harvesting can be compared to a shared harvesting pool, yes, with the difference that the person running the remote node will not be rewarded more because he does that. Only the PoI score of harvesting accounts is taken into account to determine the chance of someone hitting a block.

For more informations on the PoI etc., I suggest you browse and read a few guides here on the forum!

Take care :slight_smile:

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