REN Darknode

[Anonymous No.19913254]

Well boys, things are looking up for us.

I'm wondering when the rest of this place will catch on?...

[Anonymous No.19913271]

>>19913254
99% here are too poor for a node. Totally validates Loongs concept to keep trashy lower races out.

[Anonymous No.19913305]

>>19913254
Now, lets just say if some cryptolet walked into this thread, Where would you tell him to buy ren?

[Anonymous No.19913338]

>>19913305
I use uniswap. I think it's the only place r/n.

>19913271
I can hardly get a node, but I will sell it anyways because crypto always gives really good valuations for projects.

[Anonymous No.19913363]

>>19913254
what's the recent pamp about? i keep meaning to put some eth into this, but i need a push. i like the idea, but are there any partnerships or news lately?

[Anonymous No.19913393]

>>19913363
hard to buy into something already 933.6% from lows

[Anonymous No.19913398]

>>19913363
The recent pump it strictly due to network usage.

https://mainnet.renproject.io/

If you poke around there you will find that ren went from 0 to 700 bitcoin real quick. And that its current monthly return is going to be about 30-40/month, which gives it a 20x valuation already. Any new volume therefore gets reflected straight into the price.

[Anonymous No.19913436]

>>19913393

Makes me sad too..... I didn't know about it till 10 cents, but I always hop on if I think something is gonna go up so I just swallow my pride. We are at a price minimum right now, 20x valuation, which makes me pretty happy, I don't have to worry too much about it dipping.

[Anonymous No.19913443]

>>19913305
Forkdelta ?

[Anonymous No.19913467]

>>19913363
unlike nearly any other token project, ren has no value outside of what you earn as a node operator. those tokenomics are deliberate to keep value rising as usage rises and thus to provide more stake to network.
its a smart plan that says good things about long term prospects of project.
in time, the token value will be a simple factor of monthly earnings....so say 10x earnings or whatever valuation model you think the market would use....

[Anonymous No.19913523]

>>19913467
I think 10x is low for a proven crypto project. I honestly think if this takes off we could see more akin to 50-100x. Multiply that by whatever volume we are going to see in a few months and you literally have a possible moonshot. Like, Nano levels of moonshot

[Anonymous No.19913648]

Fuck man I'm never gonna get a full node if it keeps pumping like this

[Anonymous No.19913781]

>>19913523
Assuming the following: there are eventually 3000 nodes, we get 100M volume daily (both reasonable expectations).
This would yield 0.1 btc per month per node (1.2btc per year). If btc goes thru another 5-10x jump then this is massive income stream.
Further as you said, REN will get priced as an alternative to mining....that is miners will start to sell mining rigs to buy nodes since the returns are difficulty-proof.
This means that yes, 25-50x valuations are possible.

[Anonymous No.19914220]

>>19913436
I shilled ren here in 2018 and 2019 when it was between 3 and 1.5 cents and I was called a pajeet. Well, who's gonna be eating rice and curry now?

[Anonymous No.19914345]

>>19914220
i bought at around 2.5 cents when i saw it mentioned here in august/sept '18. if that was you, thanks anon!

[Anonymous No.19914471]

>>19914220
I remember salty ICO buyers brigading every fucking thread when it was between 10-20 million market cap
>it will never have volume!
>nobody will ever use it!
>chink scam!
yadda yadda, fucking hilarious.

[Anonymous No.19914585]

>>19914345
That was probably chad thundercock

[Anonymous No.19914628]

>>19914220
If it was you shilling it in spring of 2018, I owe you. That's when I started buying and I only stopped end of 2018 after I had my 3 nodes.

[Anonymous No.19914688]

>>19914628
I got in at around july 2018 after the massive ico dump and dca'd till it reached 1.5 cents when btc dumped to 3k and many suicides happened

[Anonymous No.19915038]

>>19913271
i'm a poorfag, no chance i'm getting darknode status.. are there shared pools?

[Anonymous No.19915344]

>>19915038
yeah also interested in pooling <:(

[Anonymous No.19915517]

>>19913254
How is a 2k stack? I've always liked REN, but ended up going with chainlink. What's the chance this goes to $1 in a year? I might try to get to 5k if shilled hard enough

[Anonymous No.19915591]

>>19913363
divs are already so high that you'd earn 10-15% per year at the current price, with like zero of the upcoming integrations, so price is going up

this dark node is by far my comfiest hold, even if all other shitcoins fail me

[Anonymous No.19915597]

>>19913254
I've got 450k tokens and wish to stake but have no interest in learning how.

Please provide services in exchange fro some of my stack

[Anonymous No.19915711]

>>19915597
https://docs.renproject.io/darknodes/

just use their official docs anon, i could not possibly describe it better, they are not bloated at all.

go with digitalocean as it's the most brainlet friendly. you literally paste one line of code to set it up.

just follow it step by step and remember - although the docs remind you of this - do not send your ren directly to the contract address. they will be lost. in brainlet language: at no point in the setup process do you type a number of coins to send somewhere, or paste a recipient address. you interact with your node on its web url in browser by clicking buttons, where metamask comes up, as you're used to from all the uniswap stake games.

some brainlets in the telegram keep sending their ren to the contract address directly. wonder how much of the supply is already locked up by that.

[Anonymous No.19915756]

>>19915597
the longest part of the whole thing is registering a digitalocean account with your billing information, you won't want someone from 4chan doing that for you kek

[Anonymous No.19915852]

>>19915711
>>19915756
Thank you fren. This will be my first time staking anything, much appreciated

[Anonymous No.19915907]

>>19915711
I have 4 nodes but don't like the thought of sending my coins out of the wallet for staking, scared i'll fuck it up - wish they provided a service where they did it for you

[Anonymous No.19915918]

Are 20K REN enough to make it?

[Anonymous No.19916003]

>>19915907
I'm running 4 dark nodes right now, it was easy as fuck to set up. I've already earned 60+ dollars - 20 dollars hosting fees for the nodes it's 40 dollars profit all in pure bitcoin and its barely the first month. Not bad in my opinion.

[Anonymous No.19916012]

>>19915852
>>19915907
just take your time with it and read it carefully. remember that you the deposit by clicking a button in your browser on your personalized dark node URL (where metamask comes up) and no other way. The people that fuck up open their wallet/metamask, paste the contract adress in there, type 100 000 manually and hit send. Because they just can't read.

Also do the last part where you backup your .darknode directory somewhere safe (a USB stick in a safe, a veracrypt container) just in case. aka read the docs till the end even after your node is running lol

[Anonymous No.19916083]

a last good step would be to set up 2FA for your digitalocean account and the email associated with it so nobody gets into your digitalocean dashboard - with apps like google authenticator or aegis on android, authy on ios

pretty sure that's in the docs too though

[Anonymous No.19916674]

>>19915918
Likely no, friend, but I'm sure it's a good hold for the time :). One step at a time.

[Anonymous No.19916763]

>>19916003
Why so fucking little money ?

[Anonymous No.19916938]

>>19915597
>>19915907
If every anon staked it would prob lock up enough REN to send a buy signal to the market. Do it fRENs

[Anonymous No.19916944]

Ive been posting about ren everyday but nobody seems to care we ar so fucking early

Top 10 coin end of year

[Anonymous No.19917085]

>>19916944
but where are your kanekis

[Anonymous No.19917302]

>>19913363
New integrations happening everyday, go read this article, it explains it nicely https://cryptokek.com/ren-protocol-one-hell-of-a-bridge/

[Anonymous No.19917638]

>>19916938
Running a node is considered staking?

[Anonymous No.19917971]

>>19917638
I dont know, technically it shouldnt since you are bonding 100k to ensure your node does not act maliciously otherwise it gets penalized but there are not staking like mechanisms otherwise

[Anonymous No.19918033]

>>19913305
>>19913338
there's also kyberswap

[Anonymous No.19918076]

>>19913305
Buy some eth, then use kyberswap.

[Anonymous No.19918151]

So what makes Ren special?

[Anonymous No.19918197]

>>19918151
decentralized trustless custodian for bitcoin,zcash and any blockchain.

Even if you trust another bitcoin custodian like wbtc, ren can be used as a bridge to bring btc to wbtc

[Anonymous No.19918208]

This coin just keeps on giving but I am only an investor.
The rest of the crypto network crashes into shit these last two days. REN climbs steadily upwards, not giving a fuck.
But do you have to hold nodes for dividend payout? And that’s what 100K?
I got just under 10k sterling in right now

[Anonymous No.19918339]

>>19918151
https://www.listennotes.com/podcasts/the-ethereal-podcast/episode-7-the-future-of-TgdIr1FBYyZ/

i think this was the best of the ren podcasts

[Anonymous No.19918459]

>>19918208
you guys really do your due diligence before investing

REN is not a blockchain, it's a decentralized network of servers forming a trustless custodian. It was decided that 100 000 REN need to be deposited to host one of those servers.Payouts are in the other currencies directly instead of inflating the supply of REN - there will always be the same supply of REN, which makes it easy to speculate on its value by the fees a darknode earns.

Right now mainnet just launched and many integrations are yet to come, so the price right now is a speculation on future fees and not yet reflected by the actual earnings. So if you're really not into hosting VPS, you are not yet missing out on too much by just holding (It's been around $2 a day for me by now, which would be around 4% per year at current REN prices, that's already AAVE lending levels of returns, without all the upcoming integrations)

[Anonymous No.19918658]

REN is one of the most exciting projects going on right now imo, glad its starting to get noticed on this board

[Anonymous No.19918670]

>>19913254
I eyed this for so long, finally bought in 2 weeks ago

[Anonymous No.19919040]

Can someone make memes describing its usecase in a simple way?

[Anonymous No.19919201]

Please go to $10. My bag is only 30k

[Anonymous No.19919291]

yeah i definitely don't have 16k to get 100k REN for a darknode. are there sharing pools available?

[Anonymous No.19919405]

>>19916944
Idk about top 10, but maybe top 30. I don't see this passing Maker or COMP. But it'll probably top out at around a 500-800 million market cap.

[Anonymous No.19919727]

>>19919040

this is why its not /biz/ material

120+ IQ only. preferably 130+