Difference between Staking and Running a node

[Anonymous No.13099707]

Brainlet here, help a brother out

[Anonymous No.13099776]

>>13099707
fuck outta here nigger

[Anonymous No.13099833]

>>13099707
Staking - Linkpools name for you sending link to their smart contract and them distributing it into nodes. Linkpool hands you a slice of the profits from the node containing your link.

Running a Node - You run the node yourself and don't rely on a 3rd party to manage your link. Your node earns link as and when it processes data.

[Anonymous No.13099868]

Clc merger in the works ?

[Anonymous No.13100335]

>>13099833
Thanks anon. So I can assume that staking does not require one to keep their computer/internet running 24/7 in contrast to self running a node?
Is there a risk of losing the staked links if the node that its distributed to failed to validate the data correctly ( as collateral)?

[Anonymous No.13100598]

>>13100335
Your node will run as long as its online. Whether that be via AWS or your own physical hardware.

You risk what you put up as collateral for each job. If your node dies in the middle of a job or gives bad info, you will lose that collateral. Your node wont give bad info unless youre intentionally attempting to maliciously manipulate data (this is the purpose of collateral to disinsentivise this behaviour) or if your data is shit which I guess is exetremely unlikely unless you allow connections to dodgey data providers. So realistically you will only lose your collateral due to unexpected node downtime. In the case of downtime, you will lose the collateral for the one job you were performing but after that, your node will not accept further jibs thereby protecting you from further downside.

Every job requires a different collateral amount depending on the value of the job. You select the max collateral your node will put up thereby capping your potential losses. Higher value jobs will give higher rewards. Many jobs will require no collateral which is why the team says that technically, the link requirements for running a node is 0.

[Anonymous No.13100619]

>>13100598
fuck outta here thomas jesus man spoon feeding little niggers over here

[Anonymous No.13100630]

>>13099707
Dent?

[Anonymous No.13100647]

>>13100335
It amazes me that hardly any anons know about this (not hating on you in particular) but the devs have actually created a chainlink wiki which should answer all your questions on running a node.
https://github.com/smartcontractkit/chainlink/wiki

[Anonymous No.13100700]

>>13100598
I want to run a node without staking any link and provide good quality data to the network. The only problem is I don't know anything about coding and I only have a craptop. Does aws cost alot? Should I go with fiews? How does this magic even work? Do I need to keep my internet connected 24/7? Im sorry if these are retarded questions I don't pretend to be smart because I am not but I'd really like to run a node.

[Anonymous No.13100741]

>>13100700
Look mate im not actually Thomas, i dont know the answer to alot of these questions. If you use AWS you dint need your internet connected. If you go with your own hardware, you will and if it cuts out youll lose your colat for the job it cuts out on.

I dont know how much aws costs. More details will come from the team in due time before mainnet, dont worry. Anons will be all over that shit when the required info is out. In terms of coding skills, i very much doubt youll need much if any. The team will package it all into a plug and play product im guessing. Just wait a little longer, more details will come out in the coming months. Or maybe they wont i dont fucking know desu.

[Anonymous No.13100773]

>>13100598
>Your node will run as long as its online. Whether that be via AWS or your own physical hardware.
Say I have my links on a Nano S and i want to stake my links thru Linkpool. Does that I have to have my PC and Ledger connected on and running always until i have decided its enough?
Or I can just simply turn off my PC and disconnect my ledger once its staked . Am more interested in the Staking aspect.

[Anonymous No.13100871]

>>13100773
Please read the wiki that i posted above but i will answer this anyway because i am bored

Your node functions as a wallet. When you create your node, it creates a new eth wallet which you send your link to for staking. I am not aware of nore do i imagine there will be any functionality for choosing the wallet you stake your link from

[Anonymous No.13100887]

>>13100741
Thanks anon, hopefully we all make it in this clown world

[Anonymous No.13100908]

>>13100871
OP here. Thanks for the time anon will go thru the wiki link now.

[Anonymous No.13100920]

>>13100887
>>13100908
We will all make it frens