Earned 20 Myst running Mysterium node for 3.5 months

Warning: There is absolutely no financial advice on this or on any other pages of this blog.

Earned 20 Myst 

You do the math to evaluate if it is worth running the node at home. 20 Myst is approx USD6, you earned roughly 2 dollars a month. This calculation also discounted the electricity used to run the node.

It really depends on the userbase of the ecosystem, if not many users are looking to run their internet as your geolocation, you may earn really less.

Withdrawal transaction fee that's costly a little too much

The settlement fee is fixed at 20% + the blockchain fee.

So, with these fees, you are losing more than 20% of your earnings each time you withdraw.

The settlement with a 20% earnings deduction

If you earned 5 myst, your final income is roughly 4 myst. And this withdrawal is done automatically whenever the earnings reach 5 myst.

Next, you can also see the exact amount you are getting from their [Auto withdrawal: On ] button.

Honestly, I'm not a fan of the 20% settlement fees, I believe no one does like it. For node runners with low earnings already not getting much, the 20% further reduces the motivation causing us to lose interest fairly quickly. Hopefully it's something Mysterium Network would focus to improve in the near future to help and motivate the low earners.

Trying to earn MYST crypto with my unused bandwidth, but...

Warning: There is absolutely no financial advice on this or on any other pages of this blog.

New Updates: 

Monday, 17 January 2022

Dashboard Overview

The screen below will give you the insights about how your node is being used.

My 1.10MYST earning took me 10 days, at the time of this writing, it worth around 50cents USD.

Dashboard Overview

The earning is fairly slow, and don't forget there is a 20% fee before you can cash out (the settle button) your MYST.

20% blockchain fee

If 10MYST earned, we only get a clean 8MYST profit, but earning just 1 MYST is quite hard already, because you don't often get active session frequently.

The earning is slow, plus the 20% blockchain fee, I have the feeling not much node hoster has positive impression about this "profit".

But from a Mysterium Network dVPN consumer's point of view, this is a very cheap choice! 

Using its dVPN service for 24/7 without heavy traffic, and stay active for a non-stop year could possibly cost only 10MYST which is less than USD5

If the VPN security and stability result turns out great, we may no longer need to consider other high reputation and highly priced VPN service provider.

Sunday, 9 January 2022

After few days of waiting, my node is up and running now. I did file a report to Mysterium customer support, and this is what I received! Not instant, but at least I now acknowledged it's the surge of registration which need more time to process before my node is successfully accepted.

My suggestion: A better error message in the UI may help user to be more patient with this similar kind of issue.

Create a bootable USB stick with Mac to install Debian

UPDATE: Tuesday, 22 February 2022

I discovered an alternative open-source and safe tool we can use to do the same "burning" (flashing) action, no complex and scary commands code is needed to do this. Plus, this software is available on almost any platform.

It's always better and safer to download the tool directly from its official website: https://www.balena.io/etcher/

Jasmine in Angular Unit-test: Modify a Read-only value with "Object.definedProperty"

If you are using Typescript and when you're not as well-versed with it (like I do), then surely you'll come into type issue from time to time.

If unlucky, eslint will also give you some headache time during your development work too, but that's good sign that you are learning.

Problems

Modifying a read-only value in Angular Unit-Test (*.spec.ts) files will give you warning like below:

Cannot assign a value to a read-only property even on Unit Test script

the routerSpy is a mocked Router from '@angular/router'.

let routerSpy: jasmine.SpyObj<Router>;

Solution

With the help from native Javascript Object.defineProperty(), we can set value manually through method below:

Set value through Object.defineProperty

Oh no! Now I learned my lesson, I missed the best time to cash out Banano!

Recently, Banano value jump to the peak of $0.05USD from its usual $0.009USD. And sadly, I wanted to cash out my banano and I can't because I have no idea how to do it!

Banano - From $0.009USD to $0.054USD

I've learned my lesson, I missed the best time to cash out while keep seeing the value drop before my very eyes. So I hope this article can help someone who has the same situation as I did.

If you've follow my post earlier about Folding@Home (FAH), by now you may have learned how to earn it, or may already have some Banano in your wallet.

What's next?

Yup, as everyone would has, the same question with regard to "what can we do about the earned banano?". If you have the same question, you are at the right place! Let's go through the steps together below!

Wrapping Banano into Wrapped Banano (wBan)

You can convert (or wrap, that's how they call it) your Banano into wBan before you can do anything with your hard earned Banano. 

In this article, I would only focus on WHAT instead of WHY. The "WHY" topic is a whole conceptual topic to discuss about, especially when I hope to make it more beginner friendly for those who are new to the blockchain world. P/s: Btw, I'm not an expert though, there are a lot more stuff to explore.

Steps: Banano to wBan Wrapping

In the steps section, what's writen below are based on Chrome browser (it has the most user base).

Prerequisites

Before you can continue, you must have:

• BNB, Binance Coin (beginner may find this difficult. Be warned, spending a little real money, or fiat money, to make this transaction success)
• Banano coins
• A Banano wallet
• Chrome Browser
• MetaMask from Chrome Web Store
• Created wallet in your MetaMask with some BNB deposited (approx ~$2USD)

Steps

1. Install MetaMask Chrome Extension
2. Visit bsc.banano.cc and "connect" your wallet through MetaMask (chrome extension from 1st step)
3. Follow the wallet creation step as needed in MetaMask (follow the instructions from the extension)
4. Transfer your banano to wBan (make sure your sender and receiver addresses are accurate, it's always better to us QR scanner than typing it manually)
5. After trasnfered, your Ban coin will show up pretty fast. Fill in amount you want to wrap into wBan.
6. Before you can continue, please make sure you have a little amount of BNB in your MetaMask wallet for "gas fee" or transaction fee. (You can get it through many platform: check out the "buy" button here)
7. After purchasing from a platform, first you need to transfer them to your MetaMask BNB coin wallet address. Yup, this transaction cost gas fee too.
8. Back to the wBan wrapping screen you now can start wrapping. Add wBan coin to your wallet by pressing "Add wBan to MetaMask" button.
9. Pressing the "wrap" button, MetaMask will prompt you to confirm the transaction.
10. After the transaction is confirmed, amount of wrapped wBan will reflect on your MetaMask wallet. 
11. Convert/swap your wBan to different coin, where this coin must be a coin that allow you to easily cash out on different platform, for example BNB coin.
12. After you swap wBan into BNB, withdraw it to BNB wallet address, usually it's where you first get and where it's transferred from on step 7.
13. Now you have more BNB. You can then decide further invest it or cash out to enjoy your earning.

Enjoy!