How To Earn Passive Income with your unused bandwidth

Here is Travis Kalanick and his co-founder disgruntled after they were unable to secure a taxi while it was raining terribly,their predicament made them search for answers. Different suggestions came like buying cars themselves and using it for a taxi car service but how many cars can they buy to serve the teeming customers. They taught about a moment where car owners can use their cars to do taxi at their leisure or for pure economic incentives,indeed it worked,now we have Uber in many countries around the world.

Brian Chesky and Joe Gebbia were having a hard time paying their rent and there was a conference coming up in their very city,hotel rooms were all filled and there was a need to house the attendants of this conference,Brian and Joe came up with a brilliant idea to rent their room and serve breakfast to this people,their managed to convince a few locals and soon the name was changed to AirBnB,now when you travel,you get the experience of really feeling the environment by staying and relating with locals as against just living in a hotel.

Others doing great things in the sharing around economy include Getaround(a service that allows you borrow cars from neighbors for a fee),Lending club(borrow cash at low rates from peers),FON(enables you share your home WiFi with peers in exchange for more WiFi in the network),Co-office spaces( services that you can leverage to help build your startup or business while it is in its early stages),MealSharing(look for someone in your neighborhood,pay a certain fee they charge and be invited over to share a meal) PostMates,(to help as local couriers) etc ,the list is exhaustive but the point is the internet and several technologies are now making it possible for individuals to make money in ways that were non-existent two or three decades ago,thereby ensuring optimal and maximum use of resources of almost all kinds.

The advent of blockchain

The invention of Bitcoin,blockchain and cryptocurrencies have enabled even a broader array of money making opportunities. The ethos of most blockchains is public,open source, decentralization and security.
Many blockchains rely on any individual to contribute resources to ensure security,decentralization and scalability,this accounts for why most are centralized at launch and become gradually decentralized with the passage of time.

One major reason why earlier versions of digital money could not succeed was the issue of incentive: what output do i get for my input. There was no substantial means for rewarding efforts so most of the earlier versions died,while Bitcoin and other digital currencies are a success,we must not forgot that it is the product of the success and failure of many in different endeavours put together.

Why Bitcoin is successful is attributed to the network value,there are lots of services and goods to purchase with bitcoin,people trade bitcoin,they use it to buy into initial coin offerings,they lend it to other peers,the use cases are endless and adding per day,while all these transactions occur with bitcoin,there is got to be some entities that ensure that bad actors don’t succeed,those governing entities often called miners do such because they get incentives in form of transaction fees.

All public blockchains that employs consensus by public participation thrive because there is reward,they may take different forms like Proof of Work in Bitcoin,Proof of Stake in Ethereum 2.0,Delegated Proof of Stake in EOS, masternodes in Dash and whatever else.

Noia network

This is a new kid on the block boosting over 7000 nodes and growing,Noia network is offering content delivering in a decentralized fashion and to do that effectively it needs your help for some reward.

The global content delivery network market is in it billions and still growing and in the hands of a few companies,the average charge per 1 Gb of data streaming is around $0.08 but Noia network is aiming to offer same at $0.01.

It cost to set up data centers for these CDNs and also to maintain them,another issue is that there are not decentralized so they are still places where delivery of content still suffer lags and a P2P network will do justice.

Have you got some bandwidth and hard disk space to spare and wish to put them to work,Noia network is offering 200 tokens to contributors who contribute 72hrs of liveness to the network. This has been running for over a year now and over 7000 nodes have signed up,also you get to earn 40 Noia tokens per any individual you successfully referred.

The future looks very promising as many solutions are coming up that could provide numerous opportunities.

200 NOIA tokens * 52 weeks = 10400

40 NOIA tokens * # referrals = 40 * # tokens

With current prices and possible price increase as the network increases in node operators and customers,one is certain to earn a sizeable passive income.

How to setup a Noia network node

The process for setting up a node is not rocket science but pretty simple.

1.Sign up on the NOIA network dashboard and be verified.

2. Download the Node client by visiting the GitHub page

3. Steps to ensure you are verified

Have a ERC20 wallet address, 8058 UDP data port and 8048 TCP control port opened and 72hrs of network liveness.

4. You may even start running your node even if you are yet to be verified,you still get your reward until you get your reward

5.It pays to have friends,share your referral link with them and earn extra 40 Noia tokens per referral.

Got any questions reach Noia network via their telegram

Resources

1. TrustWalletto create an ETH Address that supports ERC-20 tokens if you don't have one
2. Noia network website