Hello Smartnoder's. It time to do an update on the community Smartnodes.

First off is good news. We have to date earned 11,884 smartcash from our 7 smartnodes which is great because it gives us enough to now start up our 8th smartnode for completely free. This was the dream in the beginning, buy a few smartnodes to start us off and then free roll it until the donkey's legs give, cash up and bro down. We are starting to live it and when smartcash hits $1.00, lambo's for all
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On a more serious note, things have actually slowed down alot from then. Our smartnode payout on every node is still paid out every 2 days but the amount is dropping off. When we began, we were getting around 28 smartcash when it was around the 10 cent range and now that is down to 20 smartcash every 2 days at todays price. If i am honest we are just about paying for the VPS's which cost $5 for each node each month. Im not really bothered and i am happy to keep paying this as i believe smartcash will turn around next bull run in a few years. I also said in the beginning i would pay this until we sold and that's when i would get my money back. There was a wallet update there around 1 month back which required me to update each node for the VPS's, it only took an hour, not so much pain and it easy, more waiting for blocks to resync than anything.

Apart from the price still going down and it's coinmarketcap rank getting tanked, nothing new happening with it. I have stopped using smartcash discord as every time i post something, a mod jumps in tells me im posting in the wrong place. Im joining into convo's and the same thing happens and when i question it, i get told to chill are get kicked from the server. I used to use this server and it has helped out of a few pickles, but say lavi.

Lets get a quick look at how bad things have gotten for us since we began

When we started 5 months ago, smartnode rewards looks like this

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Today we are here

We can clearly see that the rewards in dollars terms have been destroyed and crushed about 85%, not cool but we dont care about that number just yet. You dont lose until to sell and we are not selling at todays price. We can however take small joy that we are only losing 40% in terms of smartcash earning's. This is justified when we think there were around 8000 smartnodes when we began and there are over 17,000 now. Smaller piece of a biggerish pie and with most masternodes, payout rewards are reduced over time. 40% is not to bad and im happy with that. It is hard to focus on the smartcash amount when we see the dollar amount crashing but i guess that's why it's called a grind. After the grind are good times and they never last as long as the grind did but if we a smart, we can exit at a smart time.

Owenerhip of the Smart-nodes

I have just updated this sheet so all these figures are 100% right now. Total smartcash held by the community is 81,884 giving us almost 2000 toward our next smartnode already. The sheet explains itself and is simple to understand, i hope everyone can see the numbers correctly.

8th Smartnode - Who owns what?

As this is a completely free smartnode earned from our rewards to date, i think it is only fair and hell of alot easier for me to set it up so that whatever percentage of the total pool each members own's is received for the new smartnode. Please see below an enlarged piece of the above sceenshot. For example, we see buggedout owns 2.96% of the total pool. He will own 2.96% of the new smartnode.

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Let's finally have a look at a screenshot from today to we see the state of this coin

We can see that the past 3 months have not been kind to smartcash when it was bouncing in and out of the top 100th. Today sitting at 189th is a big drop, i believe it will see the top 100 again but for now things are nasty. Daily volume is way down, 20% of max supply in circulation and so on. It's hard to write positive things when the charts looks like this every day so i stopped checking and to completely honest, i was a little shocked to see the price sitting at 2 cents. Good shocked, if you had asked me this morning i would has guessed 1.2 cents so it's not all bad.

The plan going forward

Start our 8th smartnode on the 26th after we get this month's smartrewards. I need to withdraw the excess smartcash over 10,000 from each smartnode address. The downside to this results in us losing out on smart rewards for 1 month costing us around 1600 smartcash in total.