Harvesting is profitable?

By now the top 50 harvesters have harvested about 16000 blocks (58% of all blocks), gaining ~612600 XEM, which at the current exchange rate is about $100. So judge by yourself.

I don't think it is profitable atm. But guess I have been lucky when compared to others because I have harvested around 8800 XEM, courtesy of some good blocksĀ  ;D

There isn't a crypto out there that is profitable to stake or mine, AFAIK.Ā  :slight_smile:


By now the top 50 harvesters have harvested about 16000 blocks (58% of all blocks), gaining ~612600 XEM, which at the current exchange rate is about $100. So judge by yourself.

The network is very small, there are only 120 nodes.
We do not know how it behaves with a thousand and more.


I don't think it is profitable atm. But guess I have been lucky when compared to others because I have harvested around 8800 XEM, courtesy of some good blocksĀ  ;D

Luck! In the testnet i was luckier. And now it's over .... used the luck at the wrong time.Ā  :-\
Maybe my IP is not well seen, from where i am, the connection with it is unstable.
I'll switch to less expensive servers and post the result here.


There isn't a crypto out there that is profitable to stake or mine, AFAIK.Ā  :)

Not exactly, the Darkcoin [url=https://dashtalk.org/threads/simple-masternode-reward-calculator-openoffice-spreadsheet.3030/]yields a good amount now. But not last long. :)

There isn't a crypto out there that is profitable to stake or mine, AFAIK.Ā  :)


Peercoin-like cryptos are profitable for stakers because you don't need to leave your computer running at all. Not any other remote machine either. At some point your eligible for your interest and then you stake for like 1 minute or so which will produce one block and then you can shut down again.
Of course such systems need POW as well since staking alone would never be able to run the network.

By my experience its not profitableĀ  :frowning:

I think it's far too early to be expecting profit from a coin that has much wider ambitions. As NEM grows in scope and user base, it's only going to get more profitable.

In the meantime; I harvest (Banana PI), and what little i do harvest i distribute as donations to various people who contribute to NEM, something of which i will maintain to do so. The last donation i made was to the creator of the Paper NEM wallet, of which i will be sending further "donations" until another project comes along that takes a share of it.

Not only do i expect this to increase my importance, but i'm also further distributing the coin and contributing to the development in a small way. Very happy with this as i never joined with the immediate expectation of turning over profit – if i did, i would've dumped my stake immediately. I'm in it for the long haul.

If everyone harvesting did the same, it would help tremendously imo.



By my experience its not profitableĀ  :(


I do not understand what you mean. You can set up a free node and harvest 24/7
or use a public node for free. how can that not be profitable?


I understand you but in last 5 days i harvest 250 XEM.

So how much is that profitable ? Yes it is free and you earn something but for now it is nothing.

Yes, but the availability to harvest is little, is hard to find nodes with empty slots.

I updated the calculation:
So considering that I get 5 blocks/day with 4M and ~300 XEM every 5 days:

(300*0.00000050)6 = ~0.001
0.001 @380 = $0.38

This NAT VPS (https://www.myserverplanet.com/virtual.php) has plans of $ 0.31/m (256 RAM) and $0.43/m (512 RAM)

I have put in 256MB and has 2 days it’s working, do not know whether it will continue for a long time, in this case:
$0.38 - 0.31 = +$0.08

Now the 512 is safer that should not crash due to lack of memory, then:
$0,43 - 0,31 = -$0,12

So considering the now, we’re not losing anything if you rent it for a server setup the NIS. ;D

i think u all dont understand the point that the newwork is nearly unused so the fees we see now are just a tiny shard of the amount u can expect when first services that heavy utilize NEM blockchain go live

even 100x the fees we see now is easy possible

the useage of the NEM blockchain and the fees can raise

the amount of XEM will never raise

so its time to set ur claim now and to earn later

harvesting this days isnt much more than a prove of concept that POI can run a network

its not a income source as long as NEM isnt a used blockchain

I did these calculations for some reference, it is not a serious thing but is good to know. :sweat_smile:

how do you mining this altoin ? any pool which address???

how you mining this altcoin ? does it have a pool mining?> please guide…thanks

no mining this coin.
This is POI which is upgraded POS - you need coins to get more coins

but there are no rewards for staking, only harvesting fees, so returns are really low

you need to get a wallet and have 10 000 xem vested (it takes some days, if you get 100 K xem, 10 K will turn vested in one day.

In the last two months i have get 261 xem with 100 K, so
261 xem * 0.00002000 = 0.00522 BTC
0.00522 BTC * 1300 USD = 6,78 USD / 2 months

this is more than i pay for the VPS ( $1.5 / month , tip https://www.alpharacks.com/Easter2017 ) :wink:

Have you had good luck with alpharacks? Honestly they were really bad when I used them. Bad vps performance, awful customer service, and awful admin panel security.

for harvesting they are good, i dont have any problems, but for supernodes they have issues with network speed and performance.
The support is fast, but only in comercial time.

I was using them for a supernode, it passed the tests about 75% of the time.

How to calculate the profit (static), what data needs to have for this?

  1. Difficulty
  2. Vested Balance (HashRate)
  3. POI
  4. …

Can someone have a formula?

For Example:

I have 11000 vested XEM
My POI 0.24%

What are the maximum frames. When I get my first profit.

I use delegate harvesting + nano Wallet. How do I know if something is happening or not? A few days in a row no changes

Remote status
ACTIVE

Vested balance
11 225,181767 XEM

Harvested blocks
No blocks harvested

The most important factor that determines how much are going to harvest is your importance rating. The amount of xem vested is far less important, It just has to be above 10k. The iportance is calcualated from the indivudal gain of importance of each transaction which fades away with time, so if a transaction gives you importance it will start dropping down as your account stays idle. Outcoming transactions give you more importance than incoming so you cant just move amount of money back and front and gain imp and also the imp you recieve from a transaction depends from the imp rating of the account you are sending to. If he is also with 10k+ xem vested this helps you a lot. The equasion is quite complicated but summerised imagine you run a bussiness and you pay your employees with xem. Nem would be very important for you because without it your bussiness shuts down so you are somewhat trustworty because you have the least of interest of convicting fraud or something that will compromise the reputation of nem. So you will be given the privilege of verifying transactions and will be rewarded for that. Its not ment to be used as profit tool, so that you can just buy some xem and earn without caring about anything related to the system. As a disclaimer I want to point that I cant guarantee what im saying here is absolutely correct. That’s just how I understood the whitepaper when I red it. I also bought 30 000 xem a few months ago to try harvesting and was dissapointed at first, withdrawed them all, exchanged in other cryptos, made crazy profits and now i bought 15k again but this time im not aiming to harvest. I just red a lot lately about the project and Im starting to really appreciate the value and the potential. :slight_smile: And over time Im sure that as addoption grows and i start using it my importance will start growing, but i wouldnt waste time trying to trick the system now with pointless transactions like some people write in forums, move xem back and forth between two wallets you own etc. I guess tipping is a valid way of raising imp rating and it also helps a lot to spread the adoption which pushes the price up so i will encourage to do that instead!