Maximize Flux Node Rewards With Bare Metal

[@ModernDogos]

Sign up for my favorite Crypto trading app crypto.com/app/modotech sign up and we both get $25 USD 😀 Code: modotech

[@propellerhead2000]

If I'm bringing bare metal and one or more fixed IP addresses to the table the staking amounts need to be much lower, like 100 FLUX or less for a Nimbus node. I have a very, very modest homelab Proxmox high availability cluster with plenty of spare resources and bandwidth to host 2 or 3 Nimbus nodes. I just can't see buying 15000 FLUX for each node for such crappy rewards and basically buying myself a job to maintain uptime.

[@coolrunnings3949]

Yeah I think it's a good move on Flux team. Making it less appealing to run VPS nodes. Cuz if a VPS provider devices to shutdown support for flux then we are doomed.

[@ModernDogos]

I agree! we need to move away from VPS.

[@Sciptopia]

We won't loose our flux if that happens, would we?

[@SuitTV]

Nice content for someone who is potentially getting into the project like me. Isn't the electric bill also worth considering though when going bare metal over vps?

[@Card_Capital]

This video was SO freaking helpful. Thank you so much for making this man.

[@helpme3748]

how he's just stating the obvious

[@bogdanionita5795]

I've made some calculations and it seems that if everyone that has a node will still run nodes, the overall reduction in rewards will be around 3 times. But probably many people will stop providing nodes all together just from the vps cost. And bumping the specs may be a hint that the flux team expects this as well. Will be interesting to see where the balance will be.

[@z28fun]

Wow this was a buzz kill, but glad you explained it! I thought even though the requirements were being halved the rewards wouldn’t change much. If it goes to making $23-$50 a month (if flux doubles to $3), it’s really not worth it to get into this project. My ROI would be over 12 months, plus the labor I have to put into the project to keep my nodes updated is a lot higher then running an asic miner or any other project!

[@Famo8610]

It is not an ROI, because you only stake your flux, you don’t invest it and never see it back. So you should consider that the 1,000 or more flux that you may use for the nodes is yours to keep, you don’t burn your flux to create a node, so when you want to cash out you take out your 1,000 flux staked plus your earnings

[@SubjectiveFunny]

Was thinking the exact same thing. Much, much lower than what I was expecting, and I was not expecting much.. Pretty bummed out on this one..

[@z28fun]

@@SubjectiveFunny completely agree! Hard to believe GPU miners will earn more then node operators! GPU’s can’t run apps, they will just validate transactions! The node operators give you the ability to compete with azure, aws, ibm, etc! We also have to do more work on a monthly bases keeping our nodes secure (patching monthly), online, and updated (flux app). My gpu miner I just had to build it, join it to the pool, and make sure it has power…that’s it!

[@z28fun]

@@Famo8610 this is crypto…a token/project can die in seconds! Not saying flux will, but this is crypto! At least for the other fake node projects, I’ve made my money back in a couple of months.

[@alextrujillo6225]

Agree… You can get better APY staking UST in Anchor

[@thecanadianpunk-miner4life]

Wow thank you that was a very good breakdown! Ive been mining Flux even before the helium miners!! I also thought we would earn more once the having but you explained it well enough it made sense! That does make the decision to go bare metal more important!

[@ModernDogos]

are you solo mining or pooling? I wish I got into flux mining earlier.

[@thecanadianpunk-miner4life]

@@ModernDogos I use to solo mine it and gain big time, a little less than a year ago I switched to pool. It was nice when I would would gain 8 or 9 blocks a day lol. Now to many big farms on it hard to solo mine unless huge yourself. I wonder how many people know Ravencoin and Flux use to be same price!

[@ModernDogos]

@@thecanadianpunk-miner4life Raven was gonna be my next until I found Flux. That's insane how many blocks you were getting a day.

[@AttackKnob]

Great breakdown man, I've been waiting on the 1000 Flux entry point for a month now 🤘

[@ThyViperaCustoms]

Don't forget the more nodes, the more FLUX is moved off exchanges which makes the price go up...

[@olivertangsinwai5288]

Agree

[@caymanguy123]

5$ minimum

[@rmcuniversal7277]

Thank you for the video, how much each devise can make per month?

[@Hugo.Miguel]

You are wrong! Modo Tech the block reward after the halving is the same.. you just need more hardware for the extra colateral.

[@renegallardo5141]

hi am new to the space . it seems kinda crazy to actually run a Flux node , the rewards are really not that great considering that the investment is pretty heavy. if your making about $23 of flux a month wouldn't it be better to just buy that amount every month or maybe every week . just saying . The video was amazing very helpful and easy to understand, thank you

[@burtonafonja1740]

I think you need to start looking at it from the amount of coins you get, not the current market price. Zoom out and think longterm

[@Jefke]

Hey Modo Tech, bit of a correction! There is 720 blocks a day, and if there is for instance only 720 nodes for one tier online. that would mean they get 1 reward! a day, as the reward payout is round robin. See the rank your node has in the zelcore wallet. It's not split over the entire chain per reward....

[@Jefke]

so if there is 1440 nodes online, you get a reward per 2 days... 7200 nodes.. 10 days etc etc

[@ModernDogos]

@@Jefke I'm aware of that nodes have to be in line to receive rewards. we are talking about the overall averaging down rewards. Which is what the FluxOS chart is calculated off

[@ModernDogos]

@@Jefke for example, I'm getting 9+flux for my nimbus node when it is my turn but on FluxOS nimbus it says 7.70 FLUX a day. You are right on the how the reward is distributed. I'm also right on the average daily rewards.

[@Jefke]

@@ModernDogos @2:08 you stat that the 30% is shared over 3 nodes, that is not correct, each always gets the 30% for the reward, when they are paid, not split as you stated. I'm in the flux discord if you want clarification ;) Good video otherwise!

[@hyperopicmyopia1631]

@@Jefke @Jefke thanks for this info. So is it true, for example, if the stake requirement is changed from 10000 Flux to 1000 Flux, the reward will also be decreased from 50 Flux per month to 5 Flux per month?

[@dc1948]

I found the cheapest VPS requirements for Cumulus node for 11 $ per month with investment for 1 node (1000 flux). From March rewards of 10 Cumulus nodes right now is 256$ per month instead of 1 node. So 10 X 11 $ of VPS = 110 $ . So you will make 146 $ if you have 10 nodes, 14,6$ for 1 node right now...we have to consider dropping rewards as well.. so not super wow here ..but project is really cool otherwise. Maybe they can consider doing a pool so we can avoid VPS for small and less technical investors and reward more who run the node ...just the thought.

[@ModernDogos]

Project Titan is coming. That's the one people can pool

[@liannesunderson5696]

WOW BEST BEST VIDEO I HAVE EVER SEEN TODAY. I LOVE IT

[@desserthound]

Flux could do better with paying out more for this update

[@funkever]

Great content, now is time to crunch the numbers

[@rkwjunior2298]

Its good they made it easier to have a node but the more nodes the less money u make. They alresdy have almost 5k cumulus nodes

[@mopikozz]

i don't get it. 10,000Flux which is around $17k, to make 200+usd per mth, so that's almost 6years to break even?

[@Ben-ft4li]

Whoa 17k.. are ppl really buying 10k flux?

[@ModernDogos]

That’s the current price. New requirement is 1000 flux. And there is no need to break even. You can take that 10000 flux back at anytime

[@mopikozz]

@@ModernDogos noted. so pretty much a similar staking concept i must say

[@letstalkcaliber704]

I'm running a cumulus now and after the halvening I will be running one cumulus and a nimbus. I'd love to run bear metal but my internet sucks too much so I'm stuck with vps.

[@alexfylyk7409]

is it possible to run node on nas(synology) on virtual machine?

[@MarSKennY]

Why do you need a hard drive on raspberry pi?

[@ModernDogos]

new node requires 220GB of SSD or NVMe

[@alfredjealouse7040]

And there is a min write speed requirement too.

[@raywdzgaming]

what you make less then $40 a month on flux node ??????

[@cuocsongalaska]

Great Video! i plan to run Cumulus on VPS this March but now i may run at home. Do you know what happen if i run out highspeed internet and run my Node in slow speed? (my ALASKA internet provider limited high speed1Tb/month and slow speed after that 😞).

[@yuandondon]

How fast is your Alaska internet provider give you? Can you check out Starlink? Engineered by SpaceX. Maybe they don’t have data transmitting amount cap and the speed could be faster. I’m thinking about moving to Alaska. But I did not know the internet is bad there. I need to do more research. 🙈

[@cuocsongalaska]

@@yuandondon StarLink is not ready for Alaskan yet. GCI is the monopoly internet provider here; they are fast but has cap (my $155/month internet is 800Mbps up and 40Mbps down and capped at 1Tb/month ). Anyway… you should move up here Very Beautiful nature 😀

[@ModernDogos]

I believe the new internet requirement speed is 25mbps up/down. With a total monthly data requirement of 2.5TB you can run it and see if it works and then decide if it is cheaper to pay for a VPS or negotiate data cap with the ISP

[@mmalik4]

Internet Speed is not a issue right now & data requirements of Bandwith is not enforced as of now. In future it will but now now

[@alfredjealouse7040]

Don't forget ypu can only host 1 flux node on an IP right now. Flux are working to fix this though.

[@problematicchrizzo9221]

Thanks for another great video. 👍

[@DeepMeditationExercises]

I am wondering if i can run a pre-search node and a flux node on the same dual core 4 thread computer with 8 GB of ram?

[@propellerhead2000]

You could run Proxmox and then set up two or more VMs.

[@DeepMeditationExercises]

@@propellerhead2000 the pre-search node barely uses any CPU

[@juansuarez3384]

Running flux node on vps basically defeats purpose of project. I hope vps won't be allowed when enough nodes running on home hardware.

[@hugob3585]

Great video.. just a little personal note: thousand is being pronounced « thouZand » like a Z..

[@ModernDogos]

you gotta do these videos with accents these days or you are not authentic enough 😆

[@xZiT7329]

@@ModernDogos lol

[@ALPH_KAS_ICP]

Where does it say halving of rewards?

[@ModernDogos]

it's halving for collateral. Not rewards. Rewards will change as more nodes are added

[@superglen99]

I'm gonna need a new computer for this..mines ancient

[@leos894]

Well I'll just wait for project titan node

[@Harpe87]

Any crypto will bring you more with staking. 😂

[@caymanguy123]

Can I do it on windows

[@ModernDogos]

You will need to run virtual machine on a windows and run VMs

[@ronwedel7790]

Comment to help get the YT algo to notice this video

[@ModernDogos]

Thanks!

[@tvtime1]

you r kyoot

[@rkyoung8197]

中文区的朋友可以推特关注 Flux_Chinese 有问题可以直接问我