Anyone doing LinkPool?

[Anonymous No.8912259]

https://medium.com/linkpool/the-linkpool-crowdsale-f7a855e341a2

They're doing a crowdsale for 1000 ETH. It's hard to say whether it would be worth investing or not. Thoughts?

[Anonymous No.8912303]

Either running a node requires 40+/hrs a week for maintenance or they’re kikes
I’m going with the latter

[Anonymous No.8912325]

>>8912303
there will be other pools anyway. they are scammers

[Anonymous No.8912330]

>>8912259
ChainLink's not even on mainnet and ICOs are already launching around it. Not even Ethereum was this popular. Take that nolinkers!

[Anonymous No.8912331]

15 million sign up yet there is only give or take 21k link wallets
>what did they mean by this

[Anonymous No.8912340]

I went into this sceptical as fuck, but having even a 1% stake in all of the revenue that LinkPool generates ever could be a huge amount of ongoing income. And that would cost you about 150ETH. Hmm...

[Anonymous No.8912356]

Didn't they close down new registrants? Hopefully more pools start popping up and making it easier for people to run nodes. Even if you watch Thomas you channel it's still going to take some tech background imo to get it done. Here's Thomas channel about setting up a node if anyone is interested

https://www.youtube.com/channel/UClIWFp4FV1QuYmnc8FcFDWw

Here's the ChainLink YouTube channel with the SXSW talks as well for your convenience.

https://www.youtube.com/channel/UCnjkrlqaWEBSnKZQ71gdyFA

Also found it interesting to read Thomas responses on how ChainLink plans to scale.

[Anonymous No.8912370]

>>8912331
15 million Link you retard

[Anonymous No.8912380]

>>8912331
Jesus Christ, the state

[Anonymous No.8912387]

>>8912340
It would cost you 15 ETH matey

[Anonymous No.8912391]

These are great questions, anon!

> So my question is, how well does the ChainLink network scale in the future?

I can't help but to look at this question with two entirely different perspectives: one being the individual node software, and the other being the on-chain proposal/selection process. The node itself is easy to talk about, since it's already available on Github, written in a compiled language, and testing can be completed on it _right now_ (as I discuss later). The scalability of the individual node will depend on the system resources given to it.

On-chain, the node selection process could get costly on the node operator as the network grows. Since nodes need to accept that they _would_ take the job on-chain during the selection phase, it simply doesn't make sense to have thousands of nodes doing so if they have no hope of getting the job, even with random selection. We're looking at some really interesting ways to make this easier on everyone (including the blockchain), and I'll be able to release details on that soon.

> But how much **jobs/data transfers can an oracle or the oracle network handle?

I was actually just playing with this yesterday. On a virtual machine with **2 cores and 4GB of RAM** I ran the node and the Devnet image (in production I would advise the Ethereum client be on a separate machine) and created 50 jobs to execute _simultaneously_. They would run every time a block is produced, grab a value from a real external API, then format and write it to the blockchain. The data below is what I saw the Chainlink node software using. When idle (between jobs), the CPU usage was essentially nothing.

[Anonymous No.8912392]

so 6.25% of all fees gets distributed to these participants in the crowdsale of 1000 ETH. If you give them one ETH now you will make $62.50 for every million dollars in fees they collect forever. Question is, how much no fees will they collect in my lifetime if any at all??

[Anonymous No.8912404]

>>8912387
No brainlet. 1000 ETH divides by 6.25 is 160 ETH to own 1%.

[Anonymous No.8912413]

>>8912387
Reread what he said, matey (((YOU faggot)))

[Anonymous No.8912414]

>>8912330
oh my i have never seen this sergey before

[Anonymous No.8912417]

>>8912370
REQ people are getting excited by 200 req being burned.

We will see 15 million LINK locked up on Kick off.

Really makes you think

[Anonymous No.8912424]

a scam ICO for a staking pool of a scam ERC-20 token. nice, just bought 100k

[Anonymous No.8912425]

>>8912391
What is this magik, continue pls

[Anonymous No.8912431]

>>8912413
>>8912404

Please no bully

[Anonymous No.8912434]

>>8912387
1000ETH comes to the ~6% stake of crowdsale participants, so 150ETH would get you 1%.

After skimming over their whitepaper I have some misgivings about this. They say they want to create a node listing service, which is something the ChainLink network needs, and is identified in the ChainLink whitepaper. But there's a conflict of interest between node operators also running the node list. There would have to be unimpeachable transparency mechanisms to guarantee that there was no favouritism, and this being crypto who knows if that would be the case.

[Anonymous No.8912443]

>>8912370
>>8912380
You had to tell them how many links you were holding? Regardless the typos in this post are abhorrent. He didn't even proofread his panhandling and you guys are going to trust him with your link?

[Anonymous No.8912455]

>>8912425
t hodges in r cryptocurrency thread which was locked for some reason by the mods

[Anonymous No.8912481]

>>8912259
>Unfortunately due to the SEC we cannot allow US citizens to participate.

[Anonymous No.8912499]

>>8912481
Land of the free.
Scotland is unironically more free.

[Anonymous No.8912530]

>>8912455
>>8912425
RAM: ~300M
CPU Peaks (recorded multiple "rounds"):
23%
32%
35%
29%
30%
25%
30%
36%

I need to reiterate here that these numbers are will all 50 jobs executing at the same time. This is good for testing, but probably unlikely in the real-world. Meaning the node can take on much more jobs than this, assuming they're not all executing at the same time.

If you get a [development environment](https://github.com/smartcontractkit/chainlink/wiki/Development-Setup-Guide)) set up, you can reproduce these tests on your own machine. Below is the JobSpec I used with the URL redacted because I don't want everyone to use the same API for testing. So you'll only need to find an API and fill in the "path" of the data for the JsonParse adapter.

[Anonymous No.8912564]

>>8912303
>>8912325
It's almost as if you didn't even read the medium post.

[Anonymous No.8912589]

>>8912455
>>8912425
RAM: ~300M
CPU Peaks (recorded multiple "rounds"):
23%
32%
35%
29%
30%
25%
30%
36%

I need to reiterate here that these numbers are will all 50 jobs executing at the same time. This is good for testing, but probably unlikely in the real-world. Meaning the node can take on much more jobs than this, assuming they're not all executing at the same time.

If you get a [development environment](https://github.com/smartcontractkit/chainlink/wiki/Development-Setup-Guide)) set up, you can reproduce these tests on your own machine. Below is the JobSpec I used with the URL redacted because I don't want everyone to use the same API for testing. So you'll only need to find an API and fill in the "path" of the data for the JsonParse adapter.

[Anonymous No.8912626]

>>8912443
>He didn't even proofread his panhandling and you guys are going to trust him with your link?
I'm throwing a few ETH at every ICO that looks good

[Anonymous No.8912655]

Surely buying LINK itself would yield a higher rate of return? I'm not sure if I should invest in this or not bros

[Anonymous No.8912761]

>>8912655
Well if links network is ever adopted fully then yes link tokens will have their value, but if you could get a percentage of all of amazons sales every second, wouldn’t that be better than owning its stock long term? It’s all based on success

[Anonymous No.8912851]

How do burgers get around this kyc shit

[Anonymous No.8912887]

why does their crowdsale link refer to "linkpoo .io" kek is this fud

[Anonymous No.8913124]

lots of typos in the whitepaper.

[Anonymous No.8913188]

So I’m a total poorfag, if I contribute 1 ETH I’ll get like 0.0005% of their profits? Seems pointless that will be like one dollar a year or something. :/

Would it be more profitable to simply buy more LINK tokens? Versus a percent of 15 million tokens. Mathfags, figure it out.

[Anonymous No.8913207]

>>8913188
Yeah not sure I'll be able to contribute to this, I'm also a poorfag + NEET and can't afford to invest in any more shit after this 3 month bear market.

[Anonymous No.8913234]

1000 eth gives you 6.25%
1 eth = 0.00625%?
this is from all nodes. if you stake you only get profits from jobs your nodes complete.
seems a bit shit though

[Anonymous No.8913251]

>>8913234
Using the numbers they've given it's not very impressive, would be interesting if they gave a more MOONLAMBO estimate of the monthly profits as well as their 0.001 conservative

[Anonymous No.8913266]

>>8913251
wait wtf im retarded i missed a 0 how did this happen

[Anonymous No.8913278]

>>8913266
wait no im right i think

[Anonymous No.8913294]

>>8913251
Well, they used very conservative numbers, 5 cents per request per node, which yields 23 dollars a month.
That would make links value be sub 1 dollar.

[Anonymous No.8913298]

>>8913234
Can someone do some hypotheticals on adoption and total fees that are possible in a year? Lets say the year is 2020 and Link is used for a shit ton of smart contracts to get off chain data. People say swift does 7 trillion a day in transactions...lets say the chainlink network is doing 100 billion a day in transactions...if linkpool is like coinbase aka the first major normie way into link staking, and captures 80% of the link staking market...what is the total revenue that linkpool gets a year. then we can see how much our 1ETH now gets us if we capture all the nodes..give me hypothetical numbers

[Anonymous No.8913341]

>>8912851
If you're having issues with KYC, look into KYS.

[Anonymous No.8913358]

>>8913251
43 years lol, you're far better off just buying more link instead. Likely the pools will be clogged by whales anyway.

[Anonymous No.8913398]

The dogs reduced their fee by 5%, and are going to get half a million dollars. Fucking Jews

[Anonymous No.8913408]

Does anyone know the minimum limit for staking they can have? Couldnt find in the whitepaper.

>>8913358
Maybe at start, but as link prices rise the average holder that fomod in later will have less. Whales would rather not get jewed the 25%

[Anonymous No.8913439]

>>8913251
Wait how did you calculate the third row?

[Anonymous No.8913511]

>>8913439
top row multiplied by the row beneath it

[Anonymous No.8913520]

They're incorporating in Israel, check the tenth page of the white paper

[Anonymous No.8913525]

>>8913408
Well if they are not technically and don't want to risk losing all their link because they didnt make a aws fall back properly, 25% is worth it.

[Anonymous No.8913532]

>>8913520
Well there you go. Of course.

[Anonymous No.8913556]

>>8913520
where lol I dont see it

[Anonymous No.8913602]

just buy link and stake link. If you already have 50k+ link, maybe this is a worthwhile investment. If you have less than 10k link, just forget about this and buy more link.

[Anonymous No.8913633]

>>8913520
>incorporating in Israel
It's a scam. Don't send your LINK.

[Anonymous No.8913655]

So maybe its better to just buy LINK instead

[Anonymous No.8913671]

Did they reassure anywhere they will pay the penalties from their own pocket in case they happen?

[Anonymous No.8913687]

I seriously can't donate as a US citizen?

ffs

[Anonymous No.8913701]

Link is my largest position but these numbers are very concerning. Even with lots of margin for speculation, a price of 3$ per LINK is already overpriced and would provide less than 0.3% ROI/y, given their conservative estimate.

This is anything but good news fellas. Maybe it is time to abandon this ship.

[Anonymous No.8914014]

>>8913701
Just sold 100k

[Anonymous No.8914084]

>>8913701
You're gonna have to elaborate on this point for me and fellow brainlets please

[Anonymous No.8914141]

>>8913701
Doesn’t the whitepaper say the numbers are only .001% of all of rapidAPIs yearly total? That seems really conservative.

[Anonymous No.8914182]

>>8913298
https://nordicapis.com/the-ultimate-guide-to-pricing-your-api
Let’s take the “hobbyist” from nordicapis.com as equivalent to a NEET running a chainlink node. That’s 688,991 calls per month.
Rapid API does 400 billion api requests a month....

[Anonymous No.8914231]

>>8914182
688,991 * 5 cents = 35K

Why did linkpool use such conservative numbers?

[Anonymous No.8914269]

>>8914231
Sergey's entire philosophy is encapsulated by conservatism. He is truly a based, stoic individual. Check out his medium post of the hallmarks of failed startups and a lot of things about the overall production of ChainLink start to make more sense. This is his baby, he truly is a saint.

[Anonymous No.8914293]

>>8914231
Would you rather they used MOONLAMBO predictions? Being conservative is a good thing. I’m more bullish than ever

[Anonymous No.8914515]

>>8914293
Why not show a range? What would the LAMBO numbers even look like? We understand that it's speculative but I'm probably not going to invest in something that they're saying will take 40 years to see a return

[Anonymous No.8914639]

>>8913602
Yeah but the math isn't looking great is what we're saying.

[Anonymous No.8914658]

>we have listened! you guys didnt like the 30% fee so we lowered it to 25%! But we added another 6% for shareholders! so now its 31%! Woops, sorry goyim!!

wow matt and johnny are fucking low key jewish niggers. I bet one of them is a kike. Cant wait for someone to come along and blow them the fuck out.

[Anonymous No.8914670]

>>8914515
They should have showed a range imo or even margin of error

[Anonymous No.8914747]

>>8914515
If you don’t have the brainpower to figure it out yourself nor to picture what the smart contract / API eveonomy will look like then I really hope you don’t invest. I’ll be buying into the crowdsale so I can jump the queue for staking, and to help the linkpool guys with their project. Whether I see a good return from my 0.00001% share is irrelevant. We are gonna make it.

[Anonymous No.8914773]

>>8914747
Where did they indicate investors could queue jump?

[Anonymous No.8914797]

there's lots of ways to profit from LINK, but this looks like a classic scam, especially if you actually read the medium post in full.

>incorporating in israel
game, set and match

[Anonymous No.8914833]

>>8914747
You're investing into the crowd-sale not because it makes economical sense to do so but to help the ChainLink project as a whole which, you hope, will increase the chance of success.

[Anonymous No.8914848]

>>8914797
If you can't beat them, join them.

[Anonymous No.8914884]

As much as I like LINK and want these guys to succeed, this ICO just shows how delusional the whole space is.
The guys behind the project are nice and I don't think they'd willingly try to scam people, but this does not sound good.
But there's absolutely no code behind linkpool besides their frontpage. It's simply impossible to even plan the project at this point b/c there is absolutely no info on how the nodes will be selected, how staking will work and so on. What's in their whitepaper is super generic, there is absolutely nothing on the technical specificities of the project, simply because they aren't even available for ChainLink.

[Anonymous No.8914906]

>>8914884
oh and before you give me the
> Jonny’s extensive technical understanding of ChainLink
anybody that follows the gitter can tell he's just as clueless about many sides of the project as everybody else. He's not privy to any insider info and has no clue about the node selection process because the team hasn't communicated on it and likely hasn't completed this part of the project at this point.

[Anonymous No.8915015]

if the idea is that a mass of chainlink nodes are going to be needed, surely the chainlink developers themselves would create a brainlet-proof method for people to set them up?

[Anonymous No.8915036]

confido?

[Anonymous No.8915076]

>>8912259
Theres no way Im giving these bozos money before the mainnet is released. Whats the fucking rush?
Link already has scams hanging off it

[Anonymous No.8915104]

>>8915076
This
Dumbasses are gonna get goxxed because they got tricked into giving away their link kek

[Anonymous No.8915200]

>>8913294
$0.05 per request per node is an enormous fee. Thats $5 for every api call at even reasonable decentralisation.

[Anonymous No.8915324]

You are much more better off putting more money into LINK than this shit LINKPOOL
The math is simple if youre not a brainlet
LINKPOOL IS A SCAM

[Anonymous No.8915468]

>>8913633
Hey now! It's against the law in most countries to boycott Israel. You are obligated to send them your money

[Anonymous No.8915527]

>>8915468
nuke israel

[Anonymous No.8915571]

I have 50k LINK, should I LINKpool it the moment it is available? how much money would I make?
lets say per month, whats most realistic estimation?

[Anonymous No.8915785]

>>8915571
holy shit, sauce?

[Anonymous No.8915792]

>>8915571
Fuck outta here is what you should do.

[Anonymous No.8915815]

>>8915571
Just kidding I have 40k trying to figure it out as well. Are we fucked?

[Anonymous No.8915818]

>>8915200
>100 nodes for a single job
>reasonable
I guess that's one way to waste money

[Anonymous No.8915836]

>>8915571
The math isn't adding up to go with linkpool at this time. We are better off setting up our own node.

[Anonymous No.8915867]

This ICO is completely unnecessary. They are already scamming 25-30% off your LINK staking profits and now they want 1000eth so they can sell 6.25% of future fees... They are just pushing the envelope now. They are going to lose credibility when they ask for money in such a blatant way. I wonder if anyone will enter ICO.

[Anonymous No.8915920]

>>8915815
I think I listen to that guy >>8915836
what do I need to set up a node?
like should I rent a server or something?

[Anonymous No.8916247]

>>8912356
They closed down registration for *beta*.
Pretty sure we can still sign up after mainnet.

[Anonymous No.8916248]

>>8912259
Jonny is very active in the community (telegram, slack, contributing to ChainLink repo...) and seems to know what he's talking about, so no doubt this project will take off. It's definitely the easiest way to stake for normies, but if you are technical and can follow basic instructions (configuring ChainLink instance on AWS or iExec) you will make more by running the node yourself

[Anonymous No.8916515]

>>8915836
>>8915571
The Math says buying the LinkPool ICO is questionable at best.
Staking in LinkPool with your LINK though is still pretty good because they will find the most profitable data to sell. That's the most important part. You can't handle that yourself if you don't know what you are doing and there is no guide for it.