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Crypto Nodes Passive Income Staking

How to Setup a Presearch Node

How to set up a Presearch node
How to set up a Presearch node

So whatever made me want to setup a Presearch node? As you already know I love passive income platforms such as Yieldnodes, and running a node seemed to fit the bill of what I was looking for. 

Around two months ago I found out about Presearch and how they were paying people for using their search engine. Presearch has been around since the 2017 bull market, and from what I read when conducting my initial research Presearch is going to be the next big thing in search engine technology.  

When you combine something as powerful as a search engine with an emerging technology like blockchain the results are going to be interesting.  This is how blockchain technology is affecting our every day lives, and Its all around us everywhere that we look. 

The main reason I was interested in investing in Presearch however was because of the nodes that you can run by buying $PRE tokens and then staking them as part of a “node”.  I did make a Youtube video on this, which you can access below,  but I felt that I needed to post a more thorough explanation on just how to go about setting up a “node”.   

Below I have outlined the basic steps you need to take to set up a node, but feel free to leave a comment in the comment section if something doesnt make sense to you.  

*** Please note that this setup was done using a Windows 10 desktop computer.  It cannot be done on a mobile phone and requires a PC ***

*** IMPORTANT ***

Below is a video I put together of me setting up a Presearch node on a Racknerds VPS.  If you watch the video till the end, and also read the steps Ive outlined below you should be in pretty good shape.

Steps to Setup a Presearch Node

STEP ONE 

First setup a FREE account at Presearch. Use the link below to sign-up, but be sure to enable 2FA (two factor authentication) on your account !

PRESEARCH SIGN UP LINK

STEP TWO

Download PuTTy for FREE at the link below.  You will use PuTTy later in this guide to connect to your VPS in order to setup the Presearch node.

CLICK HERE TO DOWNLOAD PUTTY

STEP THREE

Click on the link below which will take you to the RackNerds website where you will need to purchase a VPS (512 MB KVM) which will be used to run the Presearch node.  Make sure you get the one with Docker installed and running on Ubuntu 18.04 or 20.04

STEP FOUR

2000 $PRE tokens are required to stake and run the node on the Presearch website, but I recommend purchasing your tokens from Kucoin exchange.

CLICK HERE TO BUY $PRE TOKENS ON KUCOIN

STEP FIVE

Send the $PRE tokens you bought on Kucoin exchange to your Presearch wallet address in the ‘NODES’ dashboard area.  You should see a button you can click that says ‘TRANSFER PRE’.

CLICK HERE TO ACCESS YOUR PRESEARCH NODES DASHBOARD AREA

STEP SIX

This is the final step where you will connect all the other steps together.  Further down below you will see the snippets of code you need to run inside of PuTTy in order to connect the VPS you bought to your Presearch account.  You will need the ‘Registsration Code’ from your Presearch dashboard in order to complete the setup.

Putting all the above steps together...

Now is the point where we run PuTTy and connect to the RackNerd’s VPS server that you bought in the above steps.  Most often this can be the most difficult thing for people to do when setting up the node, but luckily for you I have provided the correct snippets of code below so you can get your Presearch node up and running with ease.  Lets begin.

STEP #7

To complete the final setup process you need to run the ‘PuTTy’ program.  You will see a screen that looks like the one below pop-up.  After that happens you will only need to enter the I.P. Address that Racknerds sent you in the email when you bought the VPS.  After entering the I.P. address click ‘Open’

Setup Presearch node using PuTTy
You will need to enter the I.P. address that Racknerds sent you when you bought the VPS from them.

STEP #8

This is the fun part and also the one that confuses many people.  On the next screen that comes up (shown below) you will need to enter ‘root’ for the username, and will need to enter the ‘password’ that Racknerds sent you in the email when you bought the VPS.  When you paste the password you will not see it appear but it is indeed there.  Go ahead and hit enter after pasting the password into the PuTTy command prompt, and the screen will look something like below.

racknerds vps server login to presearch

STEP #9

After you enter the username and password above in order to connect to your Racknerds VPS you will be logged into the VPS.  You are now ready to setup the Presearch node.  The code needed to setup the Linux VPS for Presearch is shown below, and you must copy and paste it into the command line shown in PuTTy below.

setup presearch node using racknerds vps

Below is the command that must be copied and pasted at the small green box command prompt shown in the above image. See blue text below.  

INITIAL NODE SETUP CODE

docker stop presearch-node ; docker rm presearch-node ; docker stop presearch-auto-updater ; docker rm presearch-auto-updater ; docker run -d –name presearch-auto-updater –restart=unless-stopped -v /var/run/docker.sock:/var/run/docker.sock presearch/auto-updater –cleanup –interval 900 presearch-auto-updater presearch-node ; docker pull presearch/node ; docker run -dt –name presearch-node –restart=unless-stopped -v presearch-node-storage:/app/node -e REGISTRATION_CODE=$ENTER YOUR REGISTRATION CODE HERE presearch/node ; docker logs -f presearch-node

Its very important that you replace the orange wording in the code above that says “$ENTER YOUR REGISTRATION CODE HERE” with the  registration code that is found on the Presearch dashboard when you made your account.  See snapshot below so you know where to find this.

presearch node registration code from dashboard

STEP #10

After you have ran the code above to setup the Racknerds VPS to run the Presearch node you will see a large blue letter ‘P’ pop up near the end of the code.  It will also say it is ‘listening for searches’.  If you see that and everything looks like the screen below then you should be good to go and we can complete the last step.

presearch setup successful on racknerds vps
This is what you will see if you installed the node correctly onto the Racknerds VPS

STEP #11

The node is now setup but you still need to stake your 2000 $PRE tokens in order for your Presearch node to make more $PRE tokens.  Go back to the main Presearch dashboard areas and scroll down to the bottom.  You will see the node show up but it does not have a name yet and it does not have the tokens staked to it.  Also note that nodes that are connected properly show a green socket plugin as shown below. If you do not see the green socket then you need to run the repair code that Ive included further down below.  

final presearch node setup
You can edit any of the nodes by clicking on the small edit pen on the left side under the 'node description' column
Repair Code

There is a chance that something might go wrong when you setup the Presearch node in PuTTy, and in that case I would recommend using the below ‘repair’ code to help fix the problem.  This has worked well for me if I had any problems while running the initial setup code.  Keep in mind you would run this after you have already run the initial set-up code above, and if you dont see the little green socket on the main Presearch dashboard.

REPAIR (ALREADY SET-UP NODES)

docker stop presearch-node ; docker rm presearch-node ; docker stop presearch-auto-updater ; docker rm presearch-auto-updater ; docker run -d –name presearch-auto-updater –restart=unless-stopped -v /var/run/docker.sock:/var/run/docker.sock presearch/auto-updater –cleanup –interval 900 presearch-auto-updater presearch-node ; docker pull presearch/node ; docker run -dt –name presearch-node –restart=unless-stopped -v presearch-node-storage:/app/node presearch/node ; docker logs -f presearch-node

final setup up and staking of pre on node
As you can see above you must type in the number of tokens you would like to stake (minimum is 2000 for node to work). I would recommend also putting the I.P address of your node in the description along with numbering each node.

Important Presearch Links

Below is a list of  links to all the exchanges and companies mentioned in the above post:

  1.  Presearch – For doing searches, monitoring your nodes, and other things.
  2. Putty – For interfacing with and setting up the Presearch node.
  3. Racknerds VPS – For running the Presearch node.
  4. Kucoin – For Buying $PRE token.  You must have 2000 $PRE tokens staked per node.
Categories
Crypto Master Nodes Passive Income Staking

Yieldnodes

Yield Nodes allows you to earn a low risk passive income

So what is Yieldnodes and what is Master-noding?  Good questions.  I myself didnt know much about the company or the term until I saw a video on Youtube that gave me a better idea about what Yieldnodes offers to the passive investor.  I will attempt to give a simplified breakdown below.

 

The journey begins at the Yieldnodes website where it is advertised as “profitable and proven crisis safe”.  Sounds good so far….right?  Yeah they all do at first.  Lets dig deeper.

I think I will start with first explaining just what Master-noding is and how and why it is becomming popular.

With mining becoming harder and more expensive a lot of people are investing in master-nodes...

Many of you might not be aware of what Master-noding is?  Its okay because I was not aware of what it was at first either.  The website best describes it like this 

An alternate way to earn revenue is by providing technology (a master node) that relies on a proof-of-stake (PoS) approach.

A master node, like any other full node, is a node server within a network, and full nodes are important because they process transactions and store them in the blockchain.

However, a master node operator has rights beyond those of a normal full node operator, and is required to manage more critical tasks – bringing the operator higher rewards.

In order to obtain the status of a master node, the master node operator must deposit a specified number of the relevant coin. For this “staking”, along with performance of the required tasks and the provision of computing power plus storage space, the operator receives rewards based on the corresponding coin (proof-of-stake).

By operating appropriate master nodes diligently whilst constantly monitoring and optimizing with clever strategies, extraordinary profits can be realized.

Three things to consider about master-nodes...

Its Not Mining

Keep in mind that Master-noding is not “mining”.  In recent years mining based on proof of work has been very popular.

Over 18 million Bitcoins have been mined now and every time there is a “halving” event it becomes more expensive and requires more money to be a Bitcoin miner.

It fact after a halving event it is 50% less profitable and takes 50% more energy to mine new Bitcoin.  

Its Not Trading

Master-noding is NOT trading, so loss of capital is highly unlikely. Naturally, there are expenses, but servers are rented and contracts can be cancelled.

Clearly, fluctuations in coin prices affect the market, and master node earnings are always in coins, but the team monitors the master nodes constantly (24/7) and are able to react quickly to any events that might impact the yield.

It Is Low Risk

Since the deposited stake becomes free again when a master node is switched off, Yieldnodes can pay back deposits at any time.

In essence, revenue is generated through a combination of master-noding, price gains and services that work in unison to leverage each other in their own ecosystem.

Sounds cool …. right???

Does the company have great transparency?

Yes, the company is very transparent and has lots of Youtube videos along with a large social media presense, including Linkedin.  Below are the company founders as listed on the website.  I did a search for them on social media and confirmed they are indeed all real.  

 

Steve H. the CEO has done many interviews on various Youtube Channels in order to silence any negativity that might be generated about the Yieldnodes program.  Its good to see this level of transparency from the CEO.

These are the founders of yieldnodes

Client Testimonials Section

These are always one of my favorite types of things to see on any website.  You can bet I took the time to verify if these were real people with real social media profiles, and to my pleasant surprise they all checked out.  I always cross these types of items off the list first when I am looking at a new program to make sure if it is legit or not.

yieldnodes has great customer reviews
yieldnodes has great customer testimonials

How much does Yieldnodes payout per month?

As you can see from the graph below Yieldnodes has paid out a steady 11% return on investments since August of last year.  Even in March during the peak of the Coronavirus pandemic they paid out over 5% that month to investors.  Pretty dang good !

how much does yieldnodes pay out per month?
Below are results since August 2020...Quite Incredible !
yieldnodes august profit
yieldnodes pays out 12.3% profit in September
yieldnodes profits so far in October 2020
yield nodes profit for october week 2

Is my money locked up for any amount of time?

Yes, The money that you invest will be locked up for 6-months minimum while it is making profits for you.  This is because once the master-nodes are in place they cant be removed so easily as they are part of a larger more complex system.  However, you will be able to withdraw your profit every month or reinvest it back into the master-node(s).  This in turn will allow you to compound your profits into a potentially much larger investment.  Some people choose to withdraw their profits while others choose to compound their’s.

 

Anything else to this?

 

Yes, There is to be a projected 5-15% pure profit – paid out every month to investors in the company, and with an interesting twist on Yieldnodes side:

Should the yield drop below 5% for 3 consecutive months, your rental payment will be returned along with any accrued profits (if compounded). No fuss – no quibbling!

Below is a chart of a 5,000 Euro Investment over a 10 month period

As you can see Yieldnodes outperformed all other investment strategies during that same span of time.

performance of yieldnodes over the past 10 months

How do you fund your account?

There are two options for funding your new Yieldnodes account.  One is by funding it with Bitcoin and the other is by funding it directly by bankwire(Visa, Mastercard, BankWire).

forms of payment that are accepted for yieldnodes

***Minimum Investment is 500 Euros, and the maximum investment is 250,000 Euros***

Final Thoughts on Yieldnodes

I really like this platform and I feel like Yieldnodes is a great investment opportunity particularly if you have some funds you dont mind putting away for 6-months to earn some great extra income for you.  Below I have outlined some pros and cons to the platform.  If you are interested in joining then please click on the button above.

PROS

  • Great transparency from CEO
    • Appears in multiple interviews with Youtube members and has a powerful social media presence
  • Can fund account with Bitcoin or by Bankwire
  •  Very low risk since your not trading or mining
  • Great returns on your investments that should keep averaging between 5% – 15% per month
  • Can withdraw or reinvest your earnings every month
  • Compounding feature is very powerful if earnings are reinvested every month
  • Not a Ponzi scheme or Pyramid Scheme because it only pays for direct referrals and not multiple levels deep
  • Yieldnodes uses 2FA and KYC for enhanced website security
  • If company does not make over a 5% profit for 3-months all capital plus profits will be returned to the investor

CONS

  • Money will be locked a way for a minimum of 6-months
  • Company has only been around since August 2018
  • There is some risk associated with investing in Master-nodes
  • Only invest what you can afford to lose