SmartCash#1 - My first crypto node setup for a passive income

in #smartcash6 years ago

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Why running a node?

Crypto has been a large part of my life since I took the dive one year ago. I was deeply amazed how it could change one's life completely, especially from the finance aspect. I never stop to looking for ways to increase my holding in BTC, thicken my overall net worth every day. There are already tons of way to earn coins or tokens and if I have to count things that I've done throughout the journey, it would be:

  • Day trading with altcoins pair
  • Join airdrops event
  • Creating contents in Steem
  • Hold coins for a medium or long-term and sell for profit

I think it is time to try something new. Running a node will be a totally different path in generating income and I regard that as one of the more immersive ways to get involve in a particular project.

Also, my system admin profession could be helpful in setting up nodes and this already sounds exciting to me as I'm already maintaining and setting up servers in the normal day job but to have my own machine that literally printing money? Sounds like a dream.

Why SmartCash?

Learning from the MasterNodes.online and several SmartCash communities, SmartCash has the following advantages:

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  • SmartCash has over 11k nodes running shows that it has a strong communities support.
  • GitHub activity is not ultra active but not too bad either. Here is the listfor their GitHub repo.
  • SmartRewards allows the holder to get 15% of the block rewards every 30 days without any withdrawal. Killer features, much like the Power-up system in Steem to encourage faith.
  • SmartNode(their naming for node) will get 10% of Block Reward, on top of the SmartRewards.
  • SmartNode only requires 10,000 SMART for operation. Pricing at $0.114 now, a node will just cost $1,140 excluding other minor costs.

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  • SMART just took a dive today and I see it as a good point of entry(I've passed the age to buy coins only in green.)

  • The team has just announced their new privacy-oriented coin - BitcoinConfidential which will be airdropped to SmartCash owner at 10:1 ratio. Though I'm not impressed by the lame name, still a added bonus for entering now.

  • To my surprise the team has an official account on Steem - @smartcash. I love Steem, and that makes me love those who embrace Steem.

Verdict

I will make this a series to record my SmartNode journey. This is very much high risk experimental act and I'm prepared to loss all the fund invested. Do your own research as this is not a financial advice.


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i'm interested in SmartCash as well.. the only thing that's holding me back is the fact that there are a lot of "rogue" SmartNodes. there is an exploit that hackers seem to be capitalizing on, and the developer has not patched it yet.

I'm incredibly interested in following this as it develops. I would love to dive deeper into crypto and this seems like the next logical step. Definitely need to do my thorough research before jumping in though.

There are hundreds of projects which you can start to run a node on. Definitely a huge research to find the hidden gem. I'm treating this whole node idea as a fun experiment, with a big hope of earning some profit of course.

I heard something about the bad SmartNodes as well. Do you have any consolidated source for more information on that issue?

no websources specifically.. i cannot find any trace on the net (or i'm not looking hard enough).

it's more of a discussion in the SmartCash discord channel. it is not being moderated nor controlled, so there must be "fire when there's smoke".

Interesting. Gonna read them up.
Recommended way to get this smartcash from eth?

https://coinmarketcap.com/currencies/smartcash/#markets

This is the best way to check where you can get to buy a coin.

The masternode model is what first drew us to SmartCash. It's good to see you're on board too.

Good luck!

Yeah, I would admit that I purely join for the node!

You are so knowledgeable about different things about cryptocurrency. I am quite sure we have many things we can learn from you! I have yet to explore running a node. Perhap there is great potential in it. I can spend some time to explore in future when I can find the time. Thanks for sharing!

Well, I guess passion is the best teacher right? I was all driven by the money to be honest haha.

Its cheap now, if we get back to 3$ range of token uhhh...that would be awesome! Good luck!

Really cheap looking at where it was 3 months ago. Yes if everything goes smooth, the gain would be tremendous on the top of all the node and smartrewards!

Very cool to hear you're starting on your SmartCash journey.

I've given you a follow and look forward to reading as your journey unfolds!

Thanks for the interest. I will try to update as close as possible.

Thanks for your awesomeness @fr3eze. Passive income is the way to financial freedom. Do you know when the airdrop is popping?

Absolutely!

No idea yet, as the source did not mention an exact date.

My new learning journey starts here today ~ Keep it up!

ah lai, give you sweets.

I enjoy taking part in airdrops, they can be very rewarding and a good way to gain information, thank you for sharing.

Then buy some SMART now!

Great idea... But my goal is set to earn my first 1000 Smart.

You can use the following commands:

  • balance - displays your current wallet balance
  • address- displays your deposit address
  • withdraw <amount> <address> - withdraws the amount of SMART to address
  • tip <username> <amount> - sends the amount of SMART to username
  • terms - displays terms and conditions for using @smartbot

Your deposit address is ScvBgcnRWXZdsufCqZPKNvP8muKpNkmACa.

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