I have 3.7% importance but have been unable to harvest a single block. It has been days does anyone have any advice or is this how it works?
EDIT nvm I did harvest a block but the reward was zero. So why harvest at all? It doesnt seem like the reward is worth it.
Hi!
I'm glad the harvesting is working for you...
You should have harves more blocks in last few day than just 1. I have importance of 6.74%oo and I find from 3-8 blocks per day...
Even then I wouldn't call that worth it in sense of profit...
Since this being PoI - there is no new coins created through Harvesting (in comparison to BTC). So what we get when finding a block i s only the fees for transactions that are in that block. So as the NEM grows, the quantity of transactions will grow so will the rewards for those finding those blocks.
On the other hand, you don't need to spend a lot of computer power (read electricity and money for ASICs etc) to harvest XEM... You can do it for free!
On our forum there are guides how to set up your own 24/7 FREE node which will harvest for you - something you cannot do in BTC or other PoW cryptos.
Presently none of us who harvest (except extra big accounts - like exchanges (Poloniex)) don't really do that for big profit... It is done to support the network and occasional higher yeilding block is very gladly received :-)
Do you use delegated or local harvesting - I ask this for this reason: maybe you turn off your computer over night - if you are doing local then during off time you are not harvesting.
Glad to have you in NEM!