Exchanges will always get the higher important score because they make a lot of transactions?
Exchanges will always get the higher important score because they make a lot of transactions?
Generally exchange use a different address for each user so they probably will have lots of not so important accounts.
Exchanges will always get the higher important score because they make a lot of transactions?
Generally exchange use a different address for each user so they probably will have lots of not so important accounts.
Dont they use the same address for outgoing transactions? Doesn't that make any difference on important score?
Exchanges will always get the higher important score because they make a lot of transactions?
Generally exchange use a different address for each user so they probably will have lots of not so important accounts.
Gernerally only deposits, withdrawals and hot/cold wallets transfers will be on the blockchian at all. How many accounts and tx those really are will prob vary between exchanges. Exchanges will prob have pretty high importance scores since they have high activity and stakes.
It seems to this theme. V 0.2.4. Unevennesses.
The computer didn't have 8 hours break, but it was (from NCC, since 15 till 23):
Here all accounts have about the same the quantity of blocks, but fees are very different (from NEM BlockExplorer):
It's an anomaly or it correspondences to the norm?
Here all accounts have about the same the quantity of blocks, but fees are very different (from NEM BlockExplorer):
[img width=800 height=478]http://i.imgur.com/octsy0P.png[/img]
It's an anomaly or it correspondences to the norm?
Blockexplorer has some trouble with keeping it's internal db in sync but it's perfectly normal that Blockcount and Feed vary - even by a lot. It's absolutely possible that 2 people harvest 20 blocks and one is rich while the other one didn't get anything. It all depends on what happend inside the blocks (tx,...).
...It's absolutely possible that 2 people harvest 20 blocks and one is rich while the other one didn't get anything...
Here we have about 2000 blocks. 2000 >> 20 (much more). For 20 blocks it has a big difference, I agree. Much block average value of the fees must be approximately the same, I expect.
...It's absolutely possible that 2 people harvest 20 blocks and one is rich while the other one didn't get anything...
Here we have about 2000 blocks. 2000 >> 20 (much more). For 20 blocks it has a big difference, I agree. Much block average value of the fees must be approximately the same, I expect.
One would expect it but since there are no real regularities in number of tx I think especially during a testing phase this could still be normal.
...It's absolutely possible that 2 people harvest 20 blocks and one is rich while the other one didn't get anything...
Here we have about 2000 blocks. 2000 >> 20 (much more). For 20 blocks it has a big difference, I agree. Much block average value of the fees must be approximately the same, I expect.
that would be true assuming that:
a) people make txes at approximately same pace
b) people use ONLY minimum transaction fee which is not true in alpha.
Exchanges will always get the higher important score because they make a lot of transactions?
Generally exchange use a different address for each user so they probably will have lots of not so important accounts.
Exchanges won't use different adresses if that would lead into smaller harvesting amounts. Stay realistic... ;)
Will it be possible to actually "make money" with the forging/harvesting (how is it called now?) or will it just lower your fee expenses?
Will it be possible to actually "make money" with the forging/harvesting (how is it called now?) or will it just lower your fee expenses?
You cannot really "make money" from harvesting. If you don't transact enough, your PoI index drops and your harvest yield is less. But if you transact, then you have fee expenses. Hence, at the end of the day, you effectively lower your fee expenses by offsetting some fee from the harvest. This ecosystem encourages transactions and discourages hoarding. Hoarding has little significant contribution to the harvesting.
The benefit of this is actually a powerful ecosystem with emphasis on usage more so than speculating the coin. The coin will end up as a fuel to the ecosystem.
The ecosystem itself will have its asset classes and transaction activities that will prove to have material and service benefits to the users of the ecosystem.
Ok, so what I understand is, that the transaction fees usually should be higher than the harvesting income.
I am thinking of people who start sending NEM back and forth in a small network just for that purpose. Is there a chance that they increase their PoI index so much, that the harvesting income is higher than the fees?
Ok, so what I understand is, that the transaction fees usually should be higher than the harvesting income.
I am thinking of people who start sending NEM back and forth in a small network just for that purpose. Is there a chance that they increase their PoI index so much, that the harvesting income is higher than the fees?
POI is POS with extra factors meaning that balance isn't the only thing taken into account anymore. That doesn't mean that balance doesn't count at all. People with loads of NEM will still be able to harvest without transacting.
You can boost your score by transacting in "a small network" but that only does so much. Also with each transaction you have to wait again for your balance to be vested.
Yes ok, thanks.
But still… Im not really getting this.
If somebody has a high amount of NEM, why should he be encouraged to do transactions if he would harvest anyway?
Simple example to make clear why I ask:
a) Person doesnt do any transactions.
Income:
100 NEM per day because of his stake
b) Person does e.g. 100 transactions a day.
Income:
100 NEM per day because of his stake
+ 50 NEM per day because of the transactions
- 100 NEM per day because of the transaction fees
= 50 NEM per day
Yes ok, thanks.
But still... Im not really getting this.
If somebody has a high amount of NEM, why should he be encouraged to do transactions if he would harvest anyway?
Simple example to make clear why I ask:
a) Person doesnt do any transactions.
Income:
100 NEM per day because of his stake
b) Person does e.g. 100 transactions a day.
Income:
100 NEM per day because of his stake
+ 50 NEM per day because of the transactions
- 100 NEM per day because of the transaction fees
= 50 NEM per day
Hi might be harvesting even more if he transacts and help the economy. Just because he "harvests anyway" doesn't mean he couldn't harvest even more.
I'm also not sure if you have understood this: There is no guarantee that you will earn anything from harvesting. If you happen to be out of luck and only harvest empty blocks then you will have earned 0 NEM.
Hi might be harvesting even more if he transacts and help the economy. Just because he "harvests anyway" doesn't mean he couldn't harvest even more.
I'm also not sure if you have understood this: There is no guarantee that you will earn anything from harvesting. If you happen to be out of luck and only harvest empty blocks then you will have earned 0 NEM.
Yes, he will harvest more if he transacts, but he also pays the fees. And what rockethead wrote, I understand that the fees are higher than the benefit from increasing the PoI index.
And yes, I know that harvesting is a matter of luck. (By the way: Do you get all the fees of the harvested block?)
(I'm not asking all these questions to provoke, I just want to completely understand it so I can explain it to others as well.)
Hi might be harvesting even more if he transacts and help the economy. Just because he "harvests anyway" doesn't mean he couldn't harvest even more.
I'm also not sure if you have understood this: There is no guarantee that you will earn anything from harvesting. If you happen to be out of luck and only harvest empty blocks then you will have earned 0 NEM.
Yes, he will harvest more if he transacts, but he also pays the fees. And what rockethead wrote, I understand that the fees are higher than the benefit from increasing the PoI index.
And yes, I know that harvesting is a matter of luck. (By the way: Do you get all the fees of the harvested block?)
(I'm not asking all these questions to provoke, I just want to completely understand it so I can explain it to others as well.)
There is no logic that makes sure that the fess one pays have to be higher than the gains through harvesting. This wouldn't make any sense. The only limitation I know of is that you can't harvest a block with your own tx in it or rather put your own tx in a block that you harvest.
Yes you get all the fess of the tx inside a harvested block.
Wasn't perceived as provoking :)
Ok so its not intended that the fees one pays are higher than the gain through harvesting. Good, I understood that wrong. Thanks for getting that straight.
Im really curious about how things will develope. I think its very hard to decide about details of the PoI algorithm because nobody knows how many transaction will be done, how the NEM price will develope… and what people try to do to find a way to make money.
Ok so its not intended that the fees one pays are higher than the gain through harvesting. Good, I understood that wrong. Thanks for getting that straight.
Im really curious about how things will develope. I think its very hard to decide about details of the PoI algorithm because nobody knows how many transaction will be done, how the NEM price will develope... and what people try to do to find a way to make money.
If necessary POI can be adapted even after launch. It's all about finding the balance between the different factors. I don't think it's impossible to even add additional factors.