Testnet and nodes: what is it and how to make money on them?

Testnet and nodes: what is it and how to make money on them?

Cryptographic currencies appeared on the world market relatively recently, but during this time they have received more than significant capitalization, thereby arousing great interest among representatives of the target audience. And while some bite their elbows because they didn’t buy Bitcoin or Ethereum, others are trying to consider promising investments in new currencies, others are quite successfully earning on Testnet (testnets).

Now let's take a closer look at what a testnet and nodes are, as well as what is the relationship between them. We will tell you how you can earn money on them. Let us draw your attention to how to properly organize work with virtual currencies and the platforms that represent them in order to minimize risks and get the maximum effect from the work. But, first things first.

What is Testnet

Already from the very name Testnet, one can judge that we are talking about something related to testing. And since the topic of our today's review is cryptocurrency, the conclusion suggests itself. So, testnets – this is testing new cryptocurrency projects that are just entering the market. For this work, the platform often allocates a certain remuneration to users, but sometimes it does without it. That is, in the first case, if you take part in Testnet, then upon completion of the project, you are guaranteed to receive tokens, real money or discounts on the purchase of virtual coins. In the second case, you simply take part in activities without knowing in advance whether you will receive a reward or not.

So what is the essence of testnets? Draw the attention of users to a new virtual currency, create a stir around its entry into the market. That is then. When it has not yet gone on sale and is literally worth nothing. Testnet makes a new crypt recognizable, its popularity grows, and only after that comes the moment when it is brought to the exchange. For example, such activities were arranged by sites of such a crypt as Optimism, Starknet , Aptos, etc. But you need to understand that you can evaluate the prospects of a token only when it starts trading on the stock exchange: if the project is worthwhile, then the currency will begin to grow, if not, then it will collapse in the near future.

That is, any cryptographic currency has two simultaneously operating networks:

  1. Mainnet. This is the main work of the network of a certain crypt, on which all the main currency transactions will be carried out and coins will be stored.
  2. Test net. This is the testnet of a new crypto project. Yes, there are coins here too, but they are not included in the general issue, that is, they have no material value. The testnet allows developers to check the load on the network, the functionality of tokens, find errors in order to be able to eliminate them before the currency gets into real sale.

We hope that now it is clear what Testnet is and why this network is needed: for advertising and testing in real conditions. Whether to take part in activities without the promised reward? It's an individual matter. The main thing is that it does not hit your wallet too hard.

What are nodes and how are they related to the testnet?

Node – this is a kind of data warehouse focused exclusively on blockchain networks. They will store the entire history or only the part that is directly related to cryptocurrency transactions. It is software that is installed on the virtual machine. In some cases, you can also use a physical server, only in this case it will be necessary to provide for an uninterrupted supply of electricity and a stable Internet connection. In the event that there are problems either with the electrician or with the connection, the nodes will simply stop working. That is why it will be much more reliable to rely on a virtual server.

So why do Testnet need nodes? Directly for testing. This is the software that hosts the cryptocurrency network itself. That is, you install the appropriate software on the cloud server and start completing the tasks that you face as part of your participation in the testnet program. Often, experts make an additional division of Testnet into 2 conditional categories:

  1. Functional. They are used solely to connect the wallet, test coins to it, stake, swap them. That is, the node is not involved at all here.
  2. Technical. They involve installing a node and solving a certain range of special commands.

Often, when using the term "technical testnet" in a conversation, a specialist means directly the node itself. All Testnet projects can be divided into three separate groups (also conditionally):

  1. Passive. Here, the user does not require any active actions. It will be enough just to run the corresponding software (node) and periodically check it out.
  2. Active (activity). They involve creating content to promote the project, testing a transaction, etc. Neither a node nor a cloud machine is used here.
  3. Combined (active+passive, i.e. node+activity). Participants in such projects work on content, and use a virtual server with the appropriate software.

Now about how to make money on the testnet.

Getting started with Testnet

Before you go directly to making money on the testnet, you need to prepare the "ground". And here it is necessary to implement the following points:

  1. Prepare a dedicated virtual server. We note right away that most of the nodes work on the operating system Linux. This was facilitated by her work on open source, which allows you to run any distributions. Which server to choose? There are no special recommendations here, it is an individual matter. But you need to understand that on average it will cost you $ 40 per month. How much will it take? As long as the testnet project itself will last. The process of installing the node will not dwell too much – it all depends on the specific project. But there should be no problems with this, especially since almost all sites have communities in Telegram or Discord where you can chat with other participants and find a solution to the problem that has arisen. And the last recommendation at this stage: check the software regularly, at least once every 3 days. If it turns out that the network is hung, then it will need to be restarted.
  2. Find a suitable Testnet and node. There are 2 options here: aggregators and specialized Telegram channels dedicated to cryptocurrencies. Of the most popular aggregators, we can single out Nodes.guru or DropsEarn. It provides for a breakdown of testnets into three categories: active, those that are planned and completed. That is, you need to pick up something from the active ones. After going to the corresponding page, you can get acquainted with the project itself and the requirements for the server. It is also worth paying attention to the number of keys: the more there are, the more tasks to be solved within the project. So, by going through several options, you will find the one that suits you.
  3. Wait. There is nothing left for you. The lion's share of all new crypto projects does not initially provide information about how long this or that testnet will last. You just need to periodically look at the news in the Telegram channel of the corresponding project, because it is on them that the results are displayed. If tokens are provided as a reward, then they will simply go to your wallet – the one you linked to the node.

Now a few words about how much you can earn on Testnet.

Assessing the level of earnings on Testnet

I would like to draw your attention to the fact that, according to statistics, out of 10 new projects, tangible profits can be obtained on average from 1, maximum 2. But the level of income from one good testnet will be such that it will pay off your annual investment in the server, and even and life will be decent. Here are some examples:

  • Participation in one of Umee's testnets required no more than 5-10 minutes a day from users and involved simply transferring tokens. So, at the end of a 2-week participation, the user received a reward of 4,000 coins, the real value of which at that time was $ 200.
  • Another testnet where users managed to earn good HOPR. The task of the first stage here was to launch the nodes, and the second – in creating tickets and opening/sending messages between network members. Thus, the most active users received a reward in the form of virtual currency, which amounted to about 8,000 real dollars. At the same time, the number of nodes was unlimited and, if desired, it was possible to use not one, but two, three, or even 10. It is easy to calculate how much profit was received in this case.
  • The last example we give – Solana. Here the task of the participants was to attack the network as intensively as possible in an attempt to “break” her. As a result, all participants received $3,500 each, and the most active got a $30,000 jackpot. Agree, not bad?

As you can see, you can make money on Testnet, and quite well. And for this you do not need to have any special knowledge and skills. But here is to prepare for such work is worth thoroughly. And the first thing to do – buy mobile proxies. So you can ensure the safety and anonymity of working on the network by replacing the real IP-address, use different addresses in order to run an unlimited number of nodes, multiplying your income from participation in testnets without the risk of getting banned. You can also create multiple profiles to participate in token draws, increasing your chances of winning. That is, mobile proxies – this is what will make your work with Testnet more functional, productive, efficient, profitable.

The best mobile proxies are waiting for you at the MobileProxy.Space service. Follow the link https://mobileproxy.space/en/user.html?buyproxy to learn more about their features and buy fast, profitable and reliable.

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