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Nortan12rx
Full Member
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Activity: 177
Merit: 100
Nordway
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January 15, 2016, 11:26:00 AM |
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all were against bitcoin-xt it would kill bitcoin if it accepted size of a network would grow with 50gb to 1tr and more  |
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b1007
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January 15, 2016, 11:35:02 AM
Last edit: June 11, 2019, 12:06:36 AM by b1007 |
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Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin?  |
I like to speculate
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Xpedite
Sr. Member
Offline
Activity: 258
Merit: 250
DRAMA: Dumb Retards Asking More Attention
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January 15, 2016, 12:03:12 PM |
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It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? NEM currently has 120 transactions per block so this equals out to 2 TPS. |
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b1007
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January 15, 2016, 12:09:23 PM |
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It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? NEM currently has 120 transactions per block so this equals out to 2 TPS. Is that good? |
I like to speculate
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patmast3r
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January 15, 2016, 12:16:00 PM |
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It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? NEM currently has 120 transactions per block so this equals out to 2 TPS. Is that good? No but it's more than enough for now. However that 120 tx is a limitation that is afaik mostly catered to nodes that couldn't handle more during the early beta tests. If nodes were stronger (and they will be due to supernode rewards) NEM could prob do a lot more than 120 per block. |
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b1007
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January 15, 2016, 12:20:13 PM |
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It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? NEM currently has 120 transactions per block so this equals out to 2 TPS. Is that good? No but it's more than enough for now. However that 120 tx is a limitation that is afaik mostly catered to nodes that couldn't handle more during the early beta tests. If nodes were stronger (and they will be due to supernode rewards) NEM could prob do a lot more than 120 per block. hmm okay, but in the future it can be adapted even further right? Not like bitcoin when it reaches its limit it melts down? |
I like to speculate
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patmast3r
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January 15, 2016, 12:28:20 PM |
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It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? NEM currently has 120 transactions per block so this equals out to 2 TPS. Is that good? No but it's more than enough for now. However that 120 tx is a limitation that is afaik mostly catered to nodes that couldn't handle more during the early beta tests. If nodes were stronger (and they will be due to supernode rewards) NEM could prob do a lot more than 120 per block. hmm okay, but in the future it can be adapted even further right? Not like bitcoin when it reaches its limit it melts down? Yes the limits can be set higher in the future. I don't think it's a priority for the devs right now though since there just is no demand for it. |
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b1007
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January 15, 2016, 12:32:50 PM |
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It should make us aware though, that XEM needs to be decoupled from the bitcoin and needs an exchange of its own. A fiat/XEM exchange is necessary, maybe the devs can create like a video concerning the current problems with bitcoin and why XEM as a currency is a much better alternative? Can somebody here tell me how does the transaction capacity of NEM compare to bitcoin? NEM currently has 120 transactions per block so this equals out to 2 TPS. Is that good? No but it's more than enough for now. However that 120 tx is a limitation that is afaik mostly catered to nodes that couldn't handle more during the early beta tests. If nodes were stronger (and they will be due to supernode rewards) NEM could prob do a lot more than 120 per block. hmm okay, but in the future it can be adapted even further right? Not like bitcoin when it reaches its limit it melts down? Yes the limits can be set higher in the future. I don't think it's a priority for the devs right now though since there just is no demand for it. Not at this point in time indeed, but you can never start soon enough when it comes to anticipating with a project like this. First NEM is going to conquer the Asian economies, and then the world, soooo eventually NEM will need a lot of transaction capacity.  |
I like to speculate
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Xpedite
Sr. Member
Offline
Activity: 258
Merit: 250
DRAMA: Dumb Retards Asking More Attention
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January 15, 2016, 01:22:01 PM |
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Not at this point in time indeed, but you can never start soon enough when it comes to anticipating with a project like this. First NEM is going to conquer the Asian economies, and then the world, soooo eventually NEM will need a lot of transaction capacity. That's where the devs' experience with Mijin will certainly prove valuable. I'm confident it won't be an issue any time soon .. |
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b1007
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January 15, 2016, 01:24:55 PM |
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So when is APEX exchange going online? because honestly I don't like the fact that XEM is tied in to the "mood swings' of bitcoin...
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I like to speculate
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rockethead
Legendary
Offline
Activity: 1055
Merit: 1016
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January 15, 2016, 02:17:08 PM |
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So when is APEX exchange going online? because honestly I don't like the fact that XEM is tied in to the "mood swings' of bitcoin...
Coding is more or less complete but still needs to put them together as a system. Estimated to be 2 weeks. There after we will have internal tests. Estimated to be 3-4 weeks. Subsequently, we will invite a small group who will test it. Estimated to be 4 weeks. This is the time frame. But as with all software projects, this is our estimated time frame and cannot be taken as a firm commitment. For your info, this is a fiat/BTC/XEM/Mosaic exchange only. We are not interested in other alts at the moment. |
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ryanb
Legendary
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Activity: 1148
Merit: 1000
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January 15, 2016, 03:34:21 PM |
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I hold around 600k how much should i expect a day from harvesting?
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patmast3r
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January 15, 2016, 03:51:55 PM |
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I hold around 600k how much should i expect a day from harvesting?
depends on what kind of blocks you hit. you will hit a couple of blocks a day though. |
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greentea
Legendary
Offline
Activity: 1420
Merit: 1002
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January 15, 2016, 03:59:16 PM |
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So when is APEX exchange going online? because honestly I don't like the fact that XEM is tied in to the "mood swings' of bitcoin...
Coding is more or less complete but still needs to put them together as a system. Estimated to be 2 weeks. There after we will have internal tests. Estimated to be 3-4 weeks. Subsequently, we will invite a small group who will test it. Estimated to be 4 weeks. This is the time frame. But as with all software projects, this is our estimated time frame and cannot be taken as a firm commitment. For your info, this is a fiat/BTC/XEM/Mosaic exchange only. We are not interested in other alts at the moment. Good to hear. What types of fiat will the exchange accept? What geographical area is its main focus? With the recent cryptsy debacle ( http://blog.cryptsy.com/) hopefully lots has been learned in running an exchange |
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mitache365
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January 15, 2016, 04:57:05 PM |
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XEM still low ?
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BTC
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jelin1984
Legendary
Offline
Activity: 2408
Merit: 1004
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January 15, 2016, 05:57:27 PM |
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Yes still low
If anyone want to buy now is good price
After some months
Will be too high
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tyz
Legendary
Offline
Activity: 3360
Merit: 1534
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January 15, 2016, 08:34:02 PM |
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It depends not on the amount, but rather on the Importance value. I have nearly the same amount and I found some blocks with 1000+ NEM of fees. I hold around 600k how much should i expect a day from harvesting?
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nzminer
Legendary
Offline
Activity: 1918
Merit: 1001
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January 15, 2016, 08:49:41 PM |
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Yes still low
If anyone want to buy now is good price
After some months
Will be too high
Yes good time to buy some for a node before it gets too high. |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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Primitive
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January 15, 2016, 09:21:15 PM |
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NIS is synchronizing VERY slowly for me. I'm running the new wallet.
Any advice?
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NEM, LSK, STRAT
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