There are two ways to earn on nodes: with
mainnet nodes, and with
testnet nodes.
Mainnet is a blockchain which operates and has a native coin. The most known examples are Bitcoin with BTC coin and Ethereum with ETH coin. Launching nodes in these blockchains are very expensive so we don't consider such blockchains. Testnet is a blockchain which is not launched at a full scale and don't have a native coin because it all is being tested. If you are a low-bank, testnets are the most attractive option to earn to you because it doesn't require much investments to launch the node. You're rewarded for a testing of a test version of blockchain. And then have a chance to launch a node in a
Mainnet to earn rewards for blockchain maintenance, transactions processing and block producing.
You need just skills in the command line, in most cases it is a Linux terminal (Ubuntu 20.04 as optimal option. To get basic skills in the terminal, you're welcome to read guides I recommend
here. It takes 2-3 days usually to get the basics. Also you need to rent a remote Linux server. It costs from $2 to $10 monthly usually. If interested, you may use my
referral link to PQHosting server provider.
Now a brief story of my experience in the blockchain nodes running.
I launched a
mainnet node of a Ki Chain blockchain. It is a Cosmos-based blockchain for a financial ecosystem launched by french enthusiasts. The link to my Ki Chain node is
here, I switched off it and it is not running now. I delegate something like ~$20 in
XKI coins to my node, and received a delegation from
@KiFoundation of 10,000 XKI coins. Monthly profits of the node was ~$5-10, so I switched of it because I was paying $6 a month for a remote Linux server.
More success I had with testnet nodes. I have run ones for the following projects:
Aptos, Paloma,
Humanode,
Minima,
Massa,
Masa Finance, Gno Land and
Peaq. Click on the project titles in the previous sentence to check out posts in my channel about when I launched these nodes.
A brief summry of my Results:
* Aptos --
~$2500 in APT coins
* Humanode --
~$80 in HMND coins * Minima --
~$150 in MINIMA coins
* Masa Finance -- rewards
were dropped but the MASA token is not tradeable yet
Massa team (not Masa Finance, there are different projects) announce that rewards will be distributed in October 2023.
To track promising node opportunities, you may follow node runners communities like
@kjnotes,
@nodejumper and
@noderunners. If I notice interesting node opportunities for me, I may also post it here although my focus is not on nodes for now.
As summary, nodes are good opportunity to enhance own skills in blockchain and crypto, and earn first deposit. Together with airdrops participation, it is a good set for a newbie with $2-$30 deposit in crypto. After the first deposit earned, a
spot speculation and a
long-term holding may enhance the deposit with less efforts.
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๐ช More options to earn on crypto:
๐ spot trading |
๐น long-term investment portfolio |
๐งairdrops |
๐ฎ P2E |
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