Chainlink node

It's possible to set up an chainlink node with only 3k of them? Ask for a friend.

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medium.com/linkpool/linkpool-economics-ac8642a75801
medium.com/linkpool/becoming-trust-less-and-deploying-the-alpha-node-efca5823580a
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>Ask for a friend.
Don't tell me what to do.

I mean a friend of a friend, of a friend...

More importantly: How much will the reward be? What % per month

True!

You can set up a node with as little as 0 LINK, but I think there'll be a max which has been speculated to be 50,000 based on LinkPool articles. If you don't have enough to max out a node, whatever the max will be, you'll probably be better off just pooling

Alright, thank you. What’s the difference between running a node and pooling?

Running a node could take a lot of effort (there's a lot of the reputation system and how it'll operate overall that we don't know). When you pool they take care of everything, even cover penalty fees, but they charge a fucking huge 25%, but I think they might need to charge that to cover the cost of operating a node since it's much more complex than mining. They said they'd lower it if they find out it's really much cheaper than they thought

I like that explanation. How I see it is that pooling you leave some linkies and later you get more linkies (assuming no exit scam) and after getting extra linkies the price could go so low relative to other things that you're not even breaking even, so it's not free money. I don't know if the fees are high or not but until more pools appear they're probably not going to rush into pushing them down. Then running your own node, you're your own boss and you pay yourself and you can go bankrupt on your own, there's certainly more effort required.

Alright got it. So it’s actually a service they offer to brainlets like my friend who have no coding skills. They take care of security, resiliance etc. and pay money/tokens depending on the amount of links pooled? 25% is a lot but running secure, and complex nodes with a huge amount of links in there sounds expensive. Can you estimate how much will the profit in pooling 3k?

No one knows, it's all TBD. Here's the article where they discuss token economics: medium.com/linkpool/linkpool-economics-ac8642a75801

Cool! Thank you for the link and the nice conversation. That is like Jow Forums back in the days. Cheers!

LINK isn't about profit
It's about changing the world
1000 eoy

am i getting this right, that your "friend" does know about chainlink but doesnt know Jow Forums?

Cheers lad

Would it be hypothetically possible for linkpool to steal your linkies if they did exit scam? DO you have to give them access to your link?

I believe that the intent is to allow nodes to be set up for free without collateral LINK, but otherwise nobody really knows the intended reward structure for staking.

The collateral itself I believe yeah, but the rest remains in your wallet so we're talking very small risk here.

If those idiots figure out a way of stealing from a smart contract the whole Ethereum network is in trouble.

Cool. My fellow brainlet niggas and I will be linkpooling.

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I was concerned about that, but I believe they're making it so you're staking through a contract, meaning they don't actually have access to your Link tokens: medium.com/linkpool/becoming-trust-less-and-deploying-the-alpha-node-efca5823580a

I'm still going to be careful though, I'm very protective of my linkies

If the link node install and pre install host diaag is so shit and cumbersome that the average user needs a pool or running it is a serious time concern, the network will fail anyway. I know the linkpool scam is shilled widely on here, it also defeats the point of the network by grossly centralising it to the point of irrelevance. If the team do their job, the preinstaller will do its job and examine the hardware and bandwidth and install leaving a simplified management UI for adding connectors. If they release the stuff they have it will fail, its a mess of shit and anyone I know who was thinking of deplying link nodes has given up on it, they are not even interested in testing them, primarily they don't want them in their datacentres because of cumbersome deployment and lack of a quick image deployment on native OS installs without additional fucking around

I really think chainlink will fail, and linkpool is a big reason for that

No hyperV image
No VMware image
#No thanks

t. was asked to look at putting a chassis worth of blade on it using a fibre san for the blockchains with image restore from fibre san. Asked questions, No VM ware or hyperv image client is some druggy fuckwit who got money from a bitcoin wallet. Client told here's your rackspace we can't be asked helping you because its a fucking mess and we only deploy native vm types (we have our raw OS installs imaged for blades and won't install additional crap, only VMs). Link needs additional crap. Thus fuck off.

A month later. Client has done nothing with rackspace and rang account manager again asking if we would buy a chassis blades and san for him and set it up. Told to fuck off.

>linkpooling

So its a centralised network is it?

By the way, ours is probably the biggest rackspace and server hosting vendor in my country. If its not VMware or hyperV ready you can stick it up your arse, no fucks are given.

No, they’ve come up with a method of decentralizing the way your LINK is staked across their network of nodes.

>No, they’ve come up with a method of decentralizing the way your LINK is staked across their network of nodes.

Under the control of one operator? O for fuck sake.