FINTECH | CRYPTOCURRENCY
Many are flocking to FLUX because owners with basic Information Technology (IT) skills and Linux knowledge can set up a Node to earn crypto regardless of the price
FLUX Nodes from Dreamstime #230859688.
Although finding bargain altcoins that offer good potential returns is easier in a bear market, some won’t make it through the “crypto winter.” However, when you buy enough FLUX and set up a node, your investment potential isn’t dependent on the price.
This is what the FLUX conversion chart to USD has looked like for the past month.
FLUX to USD Chart for the Previous Month. Screenshot of CoinMarketCap 2 AUG 22.
What Is the Cryptocurrency FLUX?
“Flux is the new generation of scalable decentralized cloud infrastructure. Simply develop, manage, and spawn your applications on multiple servers at once. Ready for Web3.0, decentralized applications (DApps), and more.” — Coin Market Cap.
With the completion of the “halved” and the launch of innovative programs that will allow more operational FLUX Nodes quicker, owners have more earning potential.
FLUX Labs uploaded this video to YouTube. Get more information from runonflux.io.
What is Flux?
#flux #fluxlabs #fluxnodes
Linux, as opposed to Mac or Windows, provides an operating system (OS) that is well-developed, scalable, and reliable to build an “enterprise level infrastructure.”
You shouldn’t think of a FLUX Node as an opportunity to learn-as-you-go with Linux.
This could mean a full-time job for some. However, before you walk away from your day job, if you are not proficient with Linux, operating a FLUX Node may not be for you. You must become the “system administrator” (SA) for the Node or Nodes you manage.
Plus, you should have the Nodes set up and running for a while so that you know if it will be profitable for you.
If you’re not using an alternative energy source, your electric bill might be more than you make in a month. Other questions you should consider are whether you have some or all the “server” requirements or must you buy or rent those.
It’s more than just buying 1000, 12,500, or 40,000 FLUX, setting up the node, and you’re off and running. However, there are many sources to help if you have the initial outlay and are willing to learn.
Therefore, FLUX isn’t just a cryptocurrency to “buy and hold” hoping for a better price. Running a node is more profitable than ever, and it’s poised to grow with Web3.0. FLUX is constructing the Web3.0 infrastructure that aims for a genuinely decentralized internet for all. They are on solid ground and gaining traction.
“Flux’s goal is to be the backbone of projects and technologies building the essential parts of Web3 — the infrastructure of a truly decentralized internet.” — Flux Highway.
Setting Up a FLUX Node
First, you’ll need to download the latest version of the decentralized protocol software from the official website to set up a node.
Once you have the software, install it on your computer, and run it. The software will guide you through the rest of the process, which includes setting up your node and configuring your crypto wallets. With your node up and running, you’ll be able to start earning rewards for supporting the network!
Forget about whether the Metaverse model Meta or Facebook dreams of can be a reality. FLUX owners have earning potential in the “here and now.”
Many Ethereum Proof-of-Work (PoW) miners are switching to FLUX or Ethereum Classic (ETC) before the merge. But don’t assume that switching from Ethereum to FLUX will be a cut-and-paste cakewalk.
It is a decentralized protocol that enables frictionless transactions of digital assets. The protocol works with any blockchain or cryptocurrency and uses smart contracts to facilitate transactions.
It is unique because it allows users to earn rewards for participating in the network. Users can take a share of the transaction fees generated on the web when they hold FLUX tokens in their Zelcore wallets.
“Flux is the Gateway to Blockchain” — runonflux.io.
Running a FLUX Node requires that you own, rent, or purchase computer software and hardware and enough FLUX for your Node.
For instance, if you wish to set up a Cumulus Node, you will need at least 1,000 FLUX, which currently would cost about $626.98. Depending on your computing requirements, this could be an inexpensive way to start a business.
Flux Node Halving Explained 2022
#flux #node #halving
“Flux Node Halving Explained. Flux Cryptocurrency News Today. FLUX AMA With Dan Keller the CEO and Co-founder of Flux!” — Ryan Matta.
FLUX Levels — PowerPoint Design created by the author.
“The block reward is split *50% POW / 50% FluxNode operators, for each and every block. The rewards for Flux Node ownership are designed to be stable with a sustainable ROI.” runonflux.io.
*POW miners receive 50% of blockfind or 37.5 Flux. block find is a term used in FLUX mining operations that equates to solving a computational equation to verify a FLUX block.
Self-Hosted Flux Node Setup Guide: https://youtu.be/FITPHv52Fyo
Flux Light Node Wallet: https://youtu.be/RT1uaSrurv4
Cumulus Mini-PC and other alternatives: https://youtu.be/akfV5WhmE-g
Raspberry Pi FluxNode Setup Guide: https://youtu.be/n2CMwfahUBI
FluxNode Setup for Raspberry Pi4B: https://youtu.be/-lJJyuliR38
FluxNode NVIDIA Jetson Nano: https://youtu.be/0gZ89Ppw0dw
When we set up our FLUX Node, we went one item at a time, paused the video and did as directed, then went to the next step. We were nervous about setting one up for the first time.
Imagine making money on your Raspberry phone while you’re scrolling Meta (Facebook). It will forever be Facebook to many of us, regardless of the “official” name.
Grade: Although the information to build a FLUX Node is available on Medium, YouTube, and other sources, I only gather information about the coin and make no promises about how much or how little you can actually make running a FLUX Node.
What Are Some of the Projects Connected to FLUX?
The FLUX team is currently working on several projects to improve the blockchain ecosystem.
Flux already uses docker. However, the plan is to bring on Kubernetes and use Titan, a staking process, on the Flux Network to tie it all together.
“Kubernetes is a portable, extensible, open-source platform for managing containerized workloads and services, that facilitates both declarative configuration and automation. It has a large, rapidly growing ecosystem. Kubernetes services, support, and tools are widely available.” — Kubernetes.io.
One of their most ambitious projects is with Kadena, a public blockchain that promises to be more scalable and user-friendly than other blockchains and could be another prize for your crypto portfolio at $2.05 per token.
Kadena blockchain is already live and used by several businesses, including the blockchains Firo and Presearch. Both positioned well and could be excellent “buy-and-hold” tokens at $2.05 and $.084 respectively. Research has a max supply of 500 million. Worth looking into for investment.
Out of concerns that exchanges, such as KuCoin, Binance, and others, would require owners to lock their FLUX on their exchange while staking, leaving them open to hackers and thieves, the FLUX team decided to develop the Titan Program to provide staking in the Zelcore wallet.
Titan came about as part of a “shared node concept” so that owners could keep their cryptocurrency while participating in running nodes and reduce the hurdles to participation. That’s Project Titan.
Additionally, it provides enterprise-based infrastructure for Web2 businesses to expand into and use Web3.0.
FLUX TITANIUM NODE GUIDE | Earn More Passive Income
“In This video I Show You Guys How to Set Up Your Flux Titan Node So That You Can Earn More Passive Income with Your Crypto.” — Rabid Mining.
“Titan nodes are powerful Stratus tier Flux nodes operated by experienced Flux node operators. The Titan nodes leverage Lumen Technologies infrastructure to create attractive and powerful hosting solutions for Enterprise clients.” — FLUX Official on Medium.
You can participate in the Titan staking process with as little as 50 FLUX tokens in your Zelcore wallet.
“Via Zelcore, you will be able to lock your Flux in a 3, 6, or 12-month stake and participate in a shared Titan node on the FluxOS marketplace. Zelcore the official Flux wallet that is a premiere multi-asset, self-custodial wallet for PC and mobile with in-wallet integration of major centralized and decentralized exchanges.” — zelcore.io.
Flux Is a Web 3.0 Solution for the Future
This is a solution for Web3.0 that utilizes a proof-of-work algorithm to secure the network. No central authority controls it. It instead relies on users to contribute their computing power to verify transactions and add new blocks to the blockchain.
This decentralized approach makes the decentralized protocol more resistant to attack, minimizes censorship, and provides a more robust and scalable application platform.
Additionally, it is designed to be more energy efficient than other blockchains, making it more environmentally friendly.
In the future, it has the potential to become the standard platform for Web3.0 applications due to its security, scalability, and energy efficiency.
“The live Flux price today is $0.626978 USD with a 24-hour trading volume of $23,784,311 USD. We update our FLUX to USD price in real time. Flux is down 4.18% in the last 24 hours. The current CoinMarketCap ranking is #157, with a live market cap of $160,560,273 USD. It has a circulating supply of 256,085,866 FLUX coins and a maximum supply of 440,000,000 FLUX coins.” — Coin Market Cap.
The aim is to get to a 110,000,000-max supply.
FLUX to USD Conversion Chart
FLUX to USD Chart All Time. Screenshot of CoinMarketCap 2 AUG 22.
As you can see in the above chart, the FLUX all-time high was $3.10.
Will the FLUX Price & Potential Continue?
Its strong team, unique selling points, and the ability for passive income through node management and staking are all ingredients for success. Only time will tell how much the price will rise or fall. Much depends on the cryptocurrency environment when the “crypto winter” ends and prosperity returns.
It is a promising blockchain project that has a lot of potential. The team is experienced and has a track record of success, and the technology is unique and ambitious.
#Ethereum #bitcoin #Cryptocurrency #fintech #cryptoinvesting #cryptocommunity #Web3 #Cloud #mining #DAO #FluxLabs #DeFi #Zelcore #Blockchain #POW #altcoin #Crypto #Decentralization
DISCLAIMER: This article is for entertainment and informational purposes only. It should not be considered financial or legal advice. Not all information will be accurate. I am not a financial adviser, and you should consider anything I write as informational and friendly banter to show you what is possible if you invest your money in these vehicles. However, there are no guarantees. Consult a financial professional before making any significant financial decisions.
Note: This post contains affiliate links. read my disclosure statement for additional information.
About the Author Photo by Jean Springs from Pexels.
Stephen Dalton is a retired US Army First Sergeant with a degree in journalism from the University of Maryland and a Certified US English Chicago Manual of Style Editor. Also, a Top Writer in Nutrition, Investing, Travel, Fiction, Transportation, VR, NFL, Design, Creativity, and Short Story.
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