Dictionary.com's say in the matter:
[spoiler][i]Cheat[/i]
[cheet]
verb (used without object)
[i]to violate rules or regulations[/i][/spoiler]
An excerpt from the Bungie Weekly Update (9/26/2014):
[i]"Ravens Nexus: Can you be banned for farming?
Well of course not! We didn’t ban anyone for staring longingly into the Holy Cave – or for shooting into it for hours on end. The last safe City on Earth needs more hunters than farmers, though, so we’ll do what we can to inspire you to complete missions of variable difficulty under new, challenging circumstances."[/i]
It's not official cheating, so it must be just moral cheating you speak of. Morals? Those died long ago, along with fair Sportsmanship.
Personally, I don't farm, I just run around killing things, because endless murder is always fun. The node locations just so happen to be along the way (>.>). I'd rather play a game for fun, rather than operate the game like work.
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That just says that you wont get banned lol not that it isn't cheating, although i appreciate the fact you went to all this trouble for me. A star for effort.