SPKNETWORK NODE SET UP! ✅

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(Edited)

Screenshot 2022-04-03 at 6.10.11 PM.png This is how I felt (above )thinking about setting up my very first SPK NETWORK NODE!

The SPKNETWORK CLAIM NODE really wasn't as hard to set up as the thumbnail (above) suggests, all it took was a little organization, a hive account, a web domain, an unrelated key pair, some time & money (HIVE for the Privex Server), a little luck, and some persistance, if you have all this then I'm sure you too will be able to set up a Claim Chain Node for yourself.
Here's the checklist below:

  • A domain name, I registered a new one... helios.surf ✅
  • 100 HP - I also set up a new hive account and delegated 100 HIVE POWER (@helios.surf) ✅
  • Your hive active Key - comes with any HIVE account, I used (@helios.surf) ✅
  • Additional Keys - A generic active key pairing, not linked or attached to the hive blockchain, can be easily created with HiveTasks.com.

Setting up the domain and DNS:

I got my domain on namecheap. You need to set up a subdomain to point to the api webserver that you will create. I created an A record spk, by clicking on the advanced DNS tab in namecheap & set the value as the IPv4 Address I received from the privex receipt after creating the virtual server.

Screenshot 2022-04-03 at 4.35.19 PM.png

My New Domain helios.surf

Screenshot 2022-04-03 at 6.50.24 PM.png

In the end it will look something like this:
https://spk.helios.surf
Screenshot 2022-04-03 at 5.44.29 PM.png

Special thanks to @nonsowrites for creating the post to compliment @disregardfiat's tutorial, & video tutorial, which saved me a lot of time by clearing up some of the simple things that disregardfiat may have left out. Without the simple post about a post explanation by nonsowrites, I may not have even attempted to set this up.

Once you have everything set up, it's easy to verify the status of your node by going to:

https://hiveuprss.github.io/spkccmonitor/

Screenshot 2022-04-11 at 2.23.27 PM.png
If your node is down, simply log back into your server, change directories into the honeycomb-spkcc, and re-launch the node.

The good news is that @sagarkothari88 is working on a mobile app notifier for monitoring, it's almost complete, check out his video about it here:

Maintenance

If you need to update any settings, remember to shut down the node (sudo docker compose down) & restart nginx server and rebuild the docker image after you make any changes before re-launching. One final note, I did have a minor buffer error going on, it failed to sufficiently increase receive buffer size ...., so i permanently increased the Buffer size to 2.5 MB with the line below.
sudo sysctl -w net.core.rmem_max=2500000

Upgrading:

Here is a good resource for upgrading.
https://gist.github.com/Expire0/eaa860cc1e1b13c0b6d61f07322b7acc

I still have a lot of questions about maintaining the server, adding a token, and i'm especially wondering about the APR of the dex rewards. Since setting up this node doesn't come without a cost, my hope is that the dex rewards will at least cover the breakeven cost of the domain and the Privex server.

I staked 10,000 LARYNX into my SPK helios.surf account, so I can track the rewards.

Screenshot 2022-04-03 at 5.45.55 PM.png

Overall it was a fun afternoon setting this little server up. My post is not a how to, if you want to set it up I suggest to follow the posts linked in this document, you should be able to come to the same conclusions as me. I'll give this some time, and report back here on my findings of the APR and profitability, so be sure to follow me if you want to find out about that. If you get stuck trying to set up your SPKNETWORK NODE, you can always ask me a question in the comments below.

Screenshot 2022-04-03 at 7.27.42 PM.png
I really like what SPK is doing on their testsite, this "Metaverse" will be so cool once it gets filled out! Imagine those circles could be different entrances to token communities, this could be a whole new way to browse the through the HIVE!

04/04/22 UPDATE:
I'm happy to report that I received my first DEX reward 6.75 LARYNX on the initial 10,000 LARYNX Locked!

Screenshot 2022-04-04 at 4.55.16 PM.png

I'm happy with this rate of return, especially at this early stage in this project. Since the APR, and price of LARYNX are both bound to go up as more and more SPK services are launched, there will be even more fees to share in the future, so it's a no brainer for me to lock up some more!

Screenshot 2022-04-04 at 10.01.32 PM.png

Follow @coininstant for more!



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16 comments
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I am glad you found my post useful. I don't know if running a node is profitable in the short run but it is worth the short. I just wanted to do something outside my normal activities of writing and commenting. I don't mind the five dollar coat of keeping my server running.

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Yeah same here, it it like exercising the mind, & getting out of my comfort zone. Besides gives me something interesting to post about. Thanks!!

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Thanks for the information provided boss it very meaningful to the users. Thanks

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thank you very much for sharing information, have a good day and a great mood

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thank you very much for the exchange, have a nice day

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Welcome, you're currently the top node runner with all that Gov!

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I'm glad you've earned something... I just set one of these up how have yer earnings been lately?!?

I'm still waiting (impatiently) on my first payout!

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(Edited)

Earnings went way down in the weeks after my initial post, I think it had something to do with the volume on the dex totally dropping out after the initial launch and claim. It seems like rewards go up around the begining of the month when a lot of people get their free LARYNX an trade them.

Last week it seemed I only claimed about 30 LARYNX for the week, so I decided to use that same server for collecting data on hive engine tokens, giving me something to post about to cover the sever cost.

The payouts come in every 24 hours, the next one should be arriving in about 8 hours. Hopefully we get more action in the dex so rewards pick up in the future, congrats on setting up the the node, good luck.

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I had expected higher rewards when people dump!

I have noticed action has been really thin over the last 24 hours so, yes, hopefully things will pick up.

However it's only really a kind of test isn't it ATM - pre-empting the launch of the encoding and so on I think!

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