/biz/ - Business & Finance

Dont bother.

>>19632367
Is it pointless? Will running a chainlink node with the end-goal of becoming a "certified" node operator just be a waste of time, money, and effort?

Is link never going to make it?

I don't know. But I want to become a certified node operator just in case link becomes a trillion dollar market, with link tokens being used to represent values raised in smart contracts worth millions or even hundreds of millions of dollars. Why spend real money on something that might not be fulfilled, when you can just stake a percentage of the total contract value on some tokens belonging to a third party?

Anyway, to add further redundancy to my poor-mans node; I would make use of the Google Compute Engine, and as many other "free/temporarily free" compute power for rent services (AWS, Azure, whatever) to ensure further redundancy and data parity even in the event of a country-wide network outage.

Google offers USD $300 worth of compute that is enough to run an entire chainlink node for 6 ~ 12 months without having to spend a cent of MY money.

This way, I further ensure redundancy and make my node an attractive option for potential clients wanting to utilize my chainlink node as an independent party in the fulfillment of smart contracts.

whats the point of running a node when you can just long link with responsible leverage

it literally only went up since the crash, there's 0 chance of it dumping ever again with all the big partnerships and integrations coming in

this feels like life on cheat codes

>>19632344
You need to have something to lose before staking comes, since you can't lose your linkies, you need to be an actual business with a good reputation so if you screw up, you will be vetted and your business model will be screwed up, also you will lose your reputation (not Reputation - the parametric score system on-chain).

>>19632593
> whats the point of running a node when you can just long link with responsible leverage

Because it's still early. If your assumption is correct, and longing link will lead to a future of wealth and prosperity for those who own even a small amount (1K EOY, 100K EOD) then it would make sense to get in early as a node operator.

If Chainlink becomes THE Oracle/Service used for fulfilling smart contracts, wouldn't it make more sense to run a node now, become recognized as a reliable node operator through time alone, and then make 100K a week or more from the fulfillment of smart contracts for a multitrillion dollar market?

>>19632648
>goes through all the hassle of node management waiting for staking to be live only to realise there is no retail demand for the initial year(s) apart from big bois but those contracts are predominantly reserved for linkpool et al so everyone else is left fighting for peanuts

VS

>press the green fucking button and start earning money from day 1

>>19632367
>Dont bother.
You can't half ass it if you're looking to become a certified node and get paying jobs, basically you need to study the business model of the already selected nodes, they're all experienced teams that also provide staking for stuff like tezos, have a proper website and telegram community, etc. The only exceptions are linkpool, clc, fiews or SDL which are LINK only but they have a clear business plan too and try to offer third party tools to the ecosystem, all their devs are listed on their websites, etc. The redpill is they want accountable people and businesses in case of a fuck up, not anonymous nerds who care about decentralization ethos bs.

>>19632344
You need to run your own ethereum nodes

>>19632765
Ah, okay. That makes sense. Guess that's the end of that. Thanks for saving me from buying like $500 worth of Raspberry Pi's, a cheap UPS, a 4G Internet Plan that would probably have been a money sink for nothing, and my time.

That settles it for me.

Not sure what to do with my life now desu senpai

>>19632804
sell half your links it's bound to dump hard again there's too much retail euphoria

>>19632804
im buying LP shares which will do the work for u and take a 25% cut in return, but you will end up gaining a portion of their revenue anyways if you are also a stakeholder

looks expensive but only in nominal supply value

not sure if that helps fren because im a brainlet that is too retarded to run a node

>>19632847
sell all your LP shares it's a fucking ripoff you can buy them when you need it

there is no way LP outperforms link

>>19632847
hard to say if LP will be valuable, the token pumped a lot because for the first year it was basically the only known confirmed node project, but then it became clear chainlink team was gonna rely on pre existing delegate teams... which basically makes LP worthless
but if LP succesfully opens up staking to all the other platforms, like the other delegate services, including eth2 it could be worth a lot more than even early linkies could have imagined
it could be either very big or completely worthless with no middle ground

>>19632938
>hard to say if LP will be valuable, the token pumped a lot because for the first year it was basically the only known confirmed node project, but then it became clear chainlink team was gonna rely on pre existing delegate teams... which basically makes LP worthless

Are you aware of the fact that unlike PoS blockchains, with Chainlink if you stake more than the colateral requested by smart contracts you don't get more rewards? There is a limit for how much contracts asking for colateral you'll be able to serve. Once you pass that limit, if you let users stake you are actually cutting their rewards.

Let me be clear, if you serve 200 contracts that ask for 1 million USD in LINK as colateral at the same time, you will only need 200 million USD in LINK staked. If you reach that limit and you keep allowing your users to stake, you are not going to earn more, but instead your users will earn LESS. It doesn't matter how many "staking pools" there will be opened out there, there is going to be room for everyone to be profitable