How to mine Nem Cryptocurrency
What is NEM Harvesting. Mining XEM. How to mine cryptocurrency NEM.
0:00 / 0:00
Quality:
Sharing buttons:
[Music]
what is nem harvesting and how to mine
cryptocurrency nem harvesting as a way
to earn them coins new economy movement
is a blockchain platform with a prove of
importance algorithm which differs from
many cryptocurrencies systems by already
mined coins in addition it has an
interesting structure that deserves
separate consideration the platform
consists of two components and node that
is known as an NIS server on them and
the client that communicates with nodes
there is no usual mining here so users
can only harvest scopes thus ensuring
the life of the network it is this
process in the world of cryptocurrency
called harvesting in this video we will
try to convey the latest information
that will help you to collect your coin
harvest at NAMM nodes so what do we need
to know about harvesting the first thing
you can do is flan among your friends is
an understanding of the term harvesting
is the process of collecting coins they
are the main goal for those who are
working with nodes in the nem system
wants to achieve from this definition
follows the second point about
algorithms which should also be
understood voi is a proof of importance
algorithm the harvesting involves
accounts through n is not the node
itself and such accounts can be several
when they are promoted they take into
account number of coins their activity
in conducting transactions time of coins
spent on the account the next third key
to understand harvesting is the
conditions under which it can be
accomplished there are only two it is
not difficult to remember
number one active account which is
considered to be active from the moment
of outgoing transaction the good news is
that in delegated harvesting is
activated automatically and we will talk
about the types of harvesting in this
video a little later number two
the active part of the balance must be
equal to or greater than 10000 xcm at
what some of the coins may be immature
so there was a fourth point in which we
will capture the question of the time of
maturation of coins our actual account
is divided into two parts passive and
active to transform the passive part on
the blocks that are multipliers of
fourteen hundred and forty plus one
requires a certain time one-tenth part
is involved in the transition
respectively the larger the principal
amount the more significant will be the
process of harvesting the exact formula
of the process of maturation of coins in
Nemesis you will find under the video
and as promised we will tell you about
the two types of harvesting direct local
and mediate delegation the local is a
super operational type of harvesting so
it was used in the NCC the first
official nem wallet there is it as
follows
the account that harvests transfers the
private N is key this is a significant
disadvantage of such a process which
becomes unsafe to reduce the risks in
NCC it runs only on the local computer
hence the name
but the delegated involves the transfer
of the right of harvesting to the
intermediary account which is created
automatically six hours is the process
of activation and deactivation and for
the registration they charge a small
commission but when it starts na s does
not pass its own but the private key of
the intermediary account therefore the
key of the main account remains in the
shape the coins obtained in the process
of harvesting pass to the main account
the acquaintance occurred stay with us
on the channel and in the next video you
will learn how to connect harvesting in
the name Nana wallet wallet
[Music]
