Is it late to start with Presearch node?
Hi Everyone, Welcome to my first article and I hope it is useful for you.
By this time most of the crypto community users might be aware of Presearch and what it does. Still I would like to help the new users with little introduction.
Presearch
Presearch is a decentralized search engine that enables better privacy for the users. You may ask why do we need new search engines when we have Google, Bing, Yahoo etc., We all like to get rewarded right?
Presearch rewards its user for using its search engine. Everytime you search, you earn PRE, which is the native token of Presearch.
What is Presearch node?
Similar to how 'Bitcoin' needs computational power to validate transactions, Presearch needs computational power to process user requests and provide search results. Below we can see the Presearch architecture which represents the actions performed by different layers.
Below are the operations of a node.
Registering
validating
Coordinating
federating
Serving
Crawling
Indexing
There are core services like Advertising APIs, Account management, Search reward tracking, Keyword Staking, Marketplace and few other services which are centrally controlled and managed by Presearch.
How search engine looks?
It looks pretty simple and offers users to choose other centralized search engines for the same query if user is not satisfied with the results. Usually it is a rare case that someone suggests their competitors ( in view of application but not on business model/income ) application.
How to earn PRE?
Running Node
Search Rewards
Search rewards are simpler way to earn PRE compared to running a node as it requires little technical skill but it is not that hard. I will try to write an article on how to setup a Node by just copy pasting scripts.
How much I can earn?
Search Rewards
User can earn 0.087 PRE for each search they make and is eligible for 30 rewardable searches.
0.087*30 = 2.61 PRE
2.61*30 = 78.3PRE per month
78.3*0.1 (Today PRE price in $) = 7.83$
7.83$ might be a negligible amount per month. Lets consider PRE value increase in future.
PRE @ 0.487 (52 weeks high) - 78.3 PRE * 0.487$ = 38.13$ per month
PRE @ 1.40 (All time high) - 78.3 PRE * 1.40$ = 109.62$ per month (looks good)
PRE @ 2 (future potential) - 78.3 PRE * 2$ = 156.6$ per month
So earning 156.6$ per month just for searching what you need on internet is a real passive income which you must think of.
Running a Node
To run a Node you have to stake atleast 4000PRE from july 1st and you need a server to run the setup.
4000*0.1 = 400$
Server around 5$
Few transaction charges while buying PRE for staking is around 20$ to 30$
Atleast 435$ is required to start a node.
User can earn arount 7 PRE per each node per day. You can run any number of nodes like that.
7*30 = 210PRE per month
210*0.1 (Today PRE price in $) = 21$
PRE @ 0.487 (52 weeks high) - 210 PRE * 0.487$ = 102.27$ per month
PRE @ 1.40 (All time high) - 210 PRE * 1.40$ =294$ per month
PRE @ 2 (future potential) - 210 PRE * 2$ = 420$ per month
So earning 420$ per month with one time minimal work is really the best. You have to observe that value of 400$ we invest for buying PRE also increase with time and we can sell it to get back our money.
So ideally our investment is only 35$. Few service providers like Upcloud offers 25$ free for new users. So you can run the node for free for 5months. It means your investment is 30$ only for transferring PRE.
Cool right.
If you combine the income from search rewards and node rewards when PRE @ 1.40 (ATH), it sums up to 403$
I would really suggest you to have a look at that if you believe in my predictions.
Presearch - https://presearch.com/signup?rid=1986049
UpCloud - https://upcloud.com/signup/?promo=B3766D
Thanks for your time