NEM (XEM) worth it?
With all the cryptocurrency out there, which do you choose to invest in?
XEM is currently hovering around $0.209, and staying put over the last few days. Other than using the 2 faucets i have found, the only other way to get a good chunk is to start off by using at least 10,000 vested coins in a wallet to harvest more off a super node. And dont get me started on how many vested coins you need just to start your own node. (Around 3,000,000)
So that means you would have to buy around $2,000 worth of coins just to start harvesting, crazy ain't it?
From the research i have done they do look promising, but you never know.....
The harvesting part is not worth it. It's almost nothing.
And it costs roughly $2k to get enough coins to start...... Would only invest if i knew that the future would have XEM around $10 each
Nodes are free. Just download NIS and run it. And you are running a full NEM node, the same way you could be running an Ethereum node by executing Parity in your computer.
In order to harvest you must own more than 10000 XEM. Owning less than that amount will never allow you to start harvesting, as you will never get to 10000 vested XEM in your balance.
To harvest you just have to activate your node harvesting feature. Many people do it by remote harvesting. But some prefer to do it on their own local machine.
What is this node thing you are talking about. I am new to these type of currency. I did buy some time with Genesis mining but not sure that will turn out. any advice is great
Running a super node, pretty much having enough XEM to show you support the coin, and then turning your computer into a super node for the NEM network.
From their site. https://nem.io/investors/supernode-program/
Supernodes are high performance blockchain nodes which form the backbone of the NEM blockchain network. Accounts with 3,000,000 or more XEM can operate a supernode, either from a local computer or from a cloud-hosted server. Supernodes are required to be up and running 24 hours per day, processing all transactions.The NEM network has two layers. The supernode layer keeps the system powerful and fast, whilst ensuring that it maintains efficiency and optimum performance. This layered design allows the second layer of wallets and third party apps to use the entire network without downloading or processing the entire blockchain.
In exchange for this computing work supernode owners get a daily XEM reward, divided evenly among all supernode owners. Currently this reward is about 320 XEM per supernode per day.