6k linklet here

wtf is a STAKE

I want to know this, but it seems like there is no clear answer

You don't deserve link. Go back to 'staking' reddit shitcoins like ark

No one knows the details of staking yet. The most we know is it will not be fully available upon Mainnet.

What's wrong with 15 year old new cars?

You don't deserve LINK, LMAO. You're not going to stake? Good luck with a draining supply of money. Your LINK won't last forever

Kek

What the fuck is wrong with you? I've been in Link since September 2017. I'm not the most tech literal Jow Forumsanon but I believe in Link and it's my only holding. I am literally all in Link. What other word to use for putting Link in a node, or sending to Linkpool. Is staking the wrong term for it?

Why are you so angry? Do you not want Link to succeed. Sergey wants as many people running nodes as possible.

>tech literate*

The mainnet meme has never worked.

Nevermind the faggots fellow marine. Also have a free bump.

its dying

itsl ike owning 300 eth's. dont worry.
i have 600 links.

im not rich so i put all the money i could.

hopefully im gonna try to put in as much i can before main net

start working out how you could price your nodes
look into API plans. What sort of plan do you need? Subscribe for too much and your monthly cost eats your profits, but too little and your per-call API cost doubles(or triples) than that of your competitor, pricing you out of the market.

How much traffic does your node need to generate significant profit? Say if you get on average 1 call per minute, that's ~500k calls per year.

Fiews+aws would cost you ~$600USD a year.
An example API like this rapidapi.com/apidojo/api/yahoo-finance1/pricing costs $360USD a year if we are going for 500k call limit.
That could be roughly 1k if we include miscellaneous costs. 1k that you have to pay regardless of how much you make.

>I want to make 2k revenue and 1k profit
then your API calls will need to be $0.002, assuming that you can get 500k calls per year

all it takes is some neet living in thailand to operate his nodes at $500 profit to price you out of the business, not to mention how fucked it'd be if some whale manages to negotiate for better pricing exclusively

Which is why reputation is so important. With higher reputation comes leeway for a premium.

node operation will be just as cutthroat as dropshipping which is why you must also get a small stack of LP as a hedge - in case if your nodes aren't performing well you still wouldn't be missing out initially when link is still cheap

Well fuck that is complex and sounds like a pain. May as well skip it all and dump my Link into a pool and let the pool operator deal with all that hassle.

>How much traffic does your node need to generate significant profit? Say if you get on average 1 call per minute, that's ~500k calls per year.

>average 1 call per minute
Node operators are not going to see that unless they are staking 100k+ LINK.
Your prices are inflated. New node operators are probably going to use the free plan for most APIs. The cost is more like $10 per month.

If I buy 0.04 LP shares, how much can I stake with that? What's the ratio? Pls no bully

>we
Kill yourself. Kill yourserlf and die.

remove that option from your mind marine

if you do, then in the long run your returns will never be above average because you are part of the average (0 barrier of entry)

however short term I do expect LP to be more profitable than running a neet node. Returns would probably taper off as chainlink becomes more well-known and more people uses LP

then all the more reason why reputation would be important. If it's as you say that nodes don't cost money to set up, then any pajeet could do it and be happy with $10 profits per year. It would be a race to the bottom

Free APIs = large supply = not profitable
You need to identify a niche with solid demand

the goal is 1LP = 10k or more after 6-12months

there will be a few groups like Linkpool offering custodianship.
Linkpool might get some sort of first mover advantage, but they might also totally flub the bucket by being the first.
The risks are that these groups might be scams, they might get hacked, or they might give you shitty returns.
Eventually, your stack will reap dividends, but who knows what that rates is going to be.

Attached: 1556620793003.png (1000x1399, 769K)

objectively a subhuman nigger

Also,
>node operators are not going to see that unless they are staking 100k+ LINK
that's a concern too. If we assume neet nodes to be getting 1 call per 10mins, then it'd only generate ~50k calls per year and you'd need to charge 4 cents per call to make $2k revenue. That's pretty expensive.

Who says 4 cents per call is unrealistic?
A contract worth $10,000 is not going to have a problem paying $10 to get accurate data.

Chainlink is going to revolutionize smart contracts. Just because you don't see 4 cents now doesn't mean that it's not going to be the norm in the future.

Small jobs like updating a market price is probably not going to pay a lot, but high value contracts are going to spend enough to make it all worthwhile. Think of all the big businesses who will be entering the industry and using Chainlink to get their data.

Do people here really just want fast cars and endless luxury? surely theres gotta be some marines out there who what the simpler life. I mean i've got 4k and that would mean so much if it mooned... even just a little.

>That's pretty expensive.

the first customers of this stuff are going to be large companies that can save a lot of money by spending a lot of money. the first people to use any technology when its new and expensive are always the ones who can make more money by using that expensive service.

Based and wholesome pilled.

"making it" is different for everyone.

some people have link stacks that are worth
about $200,000 right now and for them "making it" threshold is multi millions of dollars. for me if my link stack had explosive growth and hit the valuation that those people had right now it would change my life financially.

which is why reputation would be incredibly important as it'd allow leeway for a premium. The initial stages of reputation farming is critical and neet nodes need as much assistance as possible they're quite disadvantaged

also why LP is needed as most profitable jobs initially would come from institutions that demand AAA tier nodes - Neets aren't going to cut it

The only way neet nodes become a reality is when mainstream DApps catch on and by then node operation would be like dropshipping where you have to be constantly predict trends

I can't see any feasible way that you could double your stack through staking. Your telling me someone with 75k link could stake it all and have 150k link in a year or two? Impossible. Especially with the price rising.

I'd be shocked if yearly staking returns in amount of linked gained is more than 5%

lol I'd rather chop off my left arm than deal with all the shit you just wrote.

Only current virgins will be running nodes, because they still won't be getting any ass even after making a few mil

1/(21/1000) = 47.61
You mean when BTC was 48$. You have to be fair. Your analogy would be true if the value of LINK was 2 cents right now.

well, older more reliable nodes will end up getting more work and will cost more so i could see it happening early on. "doubling" your stack in a year or two? yeah nah i doubt it, but maybe on a much longer time scale that could be possible.

if chainlink becomes and industry standard for decades and people on Jow Forums get into staking in the early days, someday we could have made a fuckload of money from staking over a long enough time period. i was reading the other day how buying a few shares of microsoft in its earliest days after stock splits would net you a fuckload of shares as they've split the stocks so many times and was fantasizing about holding link for decades and making fuckloads of link off of staking, which is different from splitting obviously but it would be cool to have an investment that pays you even more the longer you hold it.

I'd just like to move to a nice safe neighbourhood and live off my wealth personally. I don't get out much so I don't need a fancy car or expensive clothes, for the last 7 months I've just stayed at home, shitposted on Jow Forums and played videogames. I might start learning some skills though because while this shit is fun I don't have enough passive income to safely make it work forever.

My stack is pretty fucking trash right now, probably gonna DCA over the next 2 weeks to at least get a better poorfag stack, if it dumps at the end of the month (have a feeling it won't) I'll just keep getting more over time.

Well, Ive got a bit over 40k link now. I also have 50k debt. Do the math...

Poorfag 3.5k linklet here. Spend All I could for a year while living Like a hobo. Is it worth to stake with such a low amount? If link actually 10x over a year or so i can literally buy a house. But would the return of staking with such low amount Even be worth the while?

The man who saved a thousand suicides per year

Held 392.6 since ICO sold 100 ish to fund some BTC for steroids online for body gains haha. Literally spent less than £50 at ICO, I wish I had money at the time to have bought more

In a decentralized network, the more nodes, the merrier.