What are Tierion nodes?
Tierion nodes are simple linux servers that users create and register to provide timestamping and data verification services for Tierion, their customer's, and individual users looking to generate proofs of data. These nodes are easy to create and manage, and only require 5000 TNT (An ERC-20 Token) staked per node to register.
Since the initial launch in September, which was a roller coaster of technical growing pains and mostly unnecessary criticism, node operators have steadily been earning rewards and the amount of nodes in the network have been increasing steadily.
The real question here however is, are Tierion nodes even profitable for anyone?
Why yes, yes they are.
For awhile I was reluctant to make any substantive claim on the profitability of Tierion nodes, as my entire premise with AccruBit is to have data and facts behind my claims. It's been over 3 solid months of rewards now, and the data is in.
In short, this means to run a Tierion node you pay an average of $30 in hosting fees and receive an average of $250 worth of TNT, for a whopping profit of 830%.
Even at TNT's lowest valuation, which was a ridiculous 4.3 cents, you still would have made a 43% profit.
To put that in perspective, ETH miners make half that on a good day and require you to worry about hardware management and resale, where TNT nodes you just set them and forget them in the cloud, aside from the occasional software update, and can cash out the whole node whenever you wish.
Don't just take my word for it though, check out one of my node wallets that I used for testing below:
https://ethplorer.io/address/0x404a2dc9a41f3bb820bea8261e69ecaac8a97c0f
From 10/17/17 to 1/6/18 this node made 2000 in TNT, which was sold at the rate of 37 cents per TNT resulting in $740 for $30 in hosting fees using Amazon Lightsail.
This specific node of mine made a 2466% profit on the node rewards alone.
So there you have it, whether you like Tierion or not, there is no denying the fact that having a node will make you money, so if you are like myself and value passive income over trading, then a few Tierion nodes will make an excellent addition to anyone looking for more ways to generate some crypto income.
To learn how to setup a Tierion node you can check out my guide here
To learn about Tierion you can go to their website or GitHub Repository to see what's cookin.
Lastly, If you have any questions feel free to comment, I'm usually pretty responsive, but no promises.
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