Many investors are earning daily profits by operating smart nodes. In May 2024, Flux surpassed $1.5, reaching a peak, but the price has been steadily declining, hitting $0.5 as of August 14, 2024. Although the drop in Flux’s price has significantly reduced smart node operation profits, if the price recovers to the $1.0 level, it is expected that smart node operations could once again generate substantial passive income.
1. What is Flux Cryptocurrency?
Overview:
Flux is a cryptocurrency and platform that provides decentralized cloud infrastructure, focusing on building distributed applications (DApps) for the next-generation internet environment, aiming for the development of Web 3.0. Flux is designed to allow users to operate nodes, becoming part of the network by sharing their computing resources and earning rewards. This structure addresses the shortcomings of traditional centralized cloud services and contributes to building a truly decentralized cloud infrastructure.
Historical Background:
Flux initially started as ZelCash in 2018, a coin adopting Zcash’s privacy features. However, it was rebranded as Flux in 2021 to achieve a larger vision. Following the rebranding, Flux transitioned to providing decentralized cloud computing, positioning itself as a key infrastructure for Web 3.0. Flux’s primary goal is to complement the limitations of centralized cloud services while offering more secure and efficient services in a decentralized cloud environment.
Basic Information about Flux Coin:
- Name: Flux
- Ticker Symbol: FLUX
- Launch Date: 2018 (Initially launched as ZelCash, rebranded to Flux in 2021)
- Founder/Development Team: Daniel Keller, Parker Honeyman, and the development team
- Market Capitalization: Approximately $150,000,000 (as of August 2024, subject to change)
- Circulating Supply: Approximately 282,858,270 FLUX (as of August 2024)
- Max Supply: 440,000,000 FLUX
- Exchange Listings: Binance, KuCoin, Bittrex, Gate.io, etc.
- Consensus Algorithm: Proof of Work (PoW)
- Official Website: https://runonflux.io
2. Analysis of Flux Nodes
The Flux network uses various node types to maintain its decentralized cloud infrastructure. Flux nodes play a crucial role by providing computing resources and contributing to the network, earning rewards in return. Flux nodes are divided into three types: Cumulus, Nimbus, and Stratus, each with different requirements and rewards.
1. Cumulus Node
Conditions and Requirements:
- Required Flux Holdings: 1,000 Flux
- CPU: 2 vCore
- RAM: 8 GB
- Storage: 220 GB SSD
- Bandwidth: 100 Mbps upload/download
- Uptime: Nodes must maintain at least 96% uptime.
Cumulus Node is the most basic node type within the Flux network. It has relatively low resource requirements, making it possible to operate a node with a smaller investment.
Profitability Analysis:
As of August 14, 2024, operating a Cumulus Node is expected to yield an annual return of approximately 16.39%. Daily rewards amount to an average of 1.1225 FLUX, equivalent to about $0.558. The expected annual earnings are 409 FLUX, roughly $203.
Investment Costs:
- Initial 1,000 Flux Investment: Approximately $500, based on the Flux price of $0.5 as of August 14, 2024.
- Server Costs: Approximately $10 to $20 per month (using cloud hosting or a personal server).
2. Nimbus Node
Conditions and Requirements:
- Required Flux Holdings: 12,500 Flux
- CPU: 4 vCore
- RAM: 16 GB
- Storage: 440 GB SSD
- Bandwidth: 100 Mbps upload/download
- Uptime: Nodes must maintain at least 96% uptime.
Nimbus Node is a mid-level node, offering higher resource requirements and rewards compared to Cumulus Nodes. It requires more Flux staking and a more powerful server.
Profitability Analysis:
As of August 14, 2024, operating a Nimbus Node is expected to yield an annual return of approximately 9.88%. Daily rewards amount to an average of 3.3850 FLUX, equivalent to about $1.683. The expected annual earnings are 1235 FLUX, roughly $614.
Investment Costs:
- Initial 12,500 Flux Investment: Approximately $6,250, based on the Flux price of $0.5 as of August 14, 2024.
- Server Costs: Approximately $20 to $40 per month (using cloud hosting or a personal server).
3. Stratus Node
Conditions and Requirements:
- Required Flux Holdings: 40,000 Flux
- CPU: 8 vCore
- RAM: 32 GB
- Storage: 880 GB SSD
- Bandwidth: 100 Mbps upload/download
- Uptime: Nodes must maintain at least 96% uptime.
Stratus Node is the most powerful node type, offering the highest resource requirements and rewards. It requires very stable server resources and a high level of Flux staking.
Profitability Analysis:
As of August 14, 2024, operating a Stratus Node is expected to yield an annual return of approximately 7.31%. Daily rewards amount to an average of 8.0238 FLUX, equivalent to about $3.9996. The expected annual earnings are 2928 FLUX, roughly $1459.
Investment Costs:
- Initial 40,000 Flux Investment: Approximately $20,000, based on the Flux price of $0.5 as of August 14, 2024.
- Server Costs: Approximately $40 to $80 per month (using cloud hosting or a personal server).
3. The Core Algorithm and Concept of Flux Cryptocurrency
Technical Foundation:
The core technology of Flux is its own operating system called FluxOS. FluxOS runs on various nodes, which provide cloud services. FluxOS offers an environment where DApps can run and builds a decentralized network that users can manage themselves. Through this network, Flux processes data, hosts applications, and realizes the decentralization of cloud services.
Consensus Algorithm:
Flux uses the Proof of Work (PoW) algorithm to maintain network security. This algorithm involves miners using computational power to create blocks, thereby keeping the network secure. Flux particularly encourages GPU mining, guiding miners worldwide to participate in the network. While energy consumption in the Flux mining process is high, it plays a critical role in enhancing network stability and security.
Network Structure:
The Flux network consists of various nodes, each performing specific roles. Nodes process data, host applications, and maintain overall network performance through FluxOS. The decentralization level of the Flux network is very high, helping to resolve single points of failure issues that may occur in centralized cloud services. Node operators share their resources in exchange for rewards, which helps keep the network stable.
4. Features of Flux Cryptocurrency
Key Features and Characteristics:
Flux’s most significant feature is its provision of decentralized cloud infrastructure. Flux offers an environment where users can contribute directly to cloud services. By sharing their computing resources, users contribute to the network and receive Flux tokens as rewards. For example, users operating Flux nodes provide their resources to the network, becoming part of the decentralized cloud infrastructure.
Flux also provides essential infrastructure for Web 3.0 application developers. The Flux platform offers an environment where DApps can run, and FluxOS supports the stable operation of various decentralized applications. Through these features, Flux distinguishes itself from traditional centralized cloud services by offering more secure and efficient decentralized services.
Security:
Flux maintains a high level of security through the Proof of Work method. All transactions and data are verified through the blockchain network, protecting the network from hacking or attacks. Flux aims to address security issues that can arise in centralized systems by promoting node distribution and network participant decentralization. Additionally, Flux has strengthened verification procedures to ensure the reliability of each node participating in the network.
User-Friendliness:
Using Flux can be technically complex, but tools like FluxOS provide a user-friendly interface. Developers and users can easily build and operate decentralized applications through FluxOS. For example, setting up a Flux node can be somewhat technical, but FluxOS supports users in following the process easily. Flux is also listed on several major exchanges, making trading convenient, with high liquidity, enhancing accessibility.
5. Scalability and Application of Flux Cryptocurrency
Practical Use Cases:
Flux is currently used in various decentralized applications (DApps) and services. For example, Flux provides decentralized cloud services such as databases, file storage, and web hosting. Flux’s decentralized infrastructure supports Web 3.0 applications, offering a new internet environment free from centralized services. Flux also has the potential to be utilized in various industries, such as gaming, finance, and healthcare. For instance, game developers can use Flux to build decentralized servers, ensuring a stable gaming environment for users.
Future Scalability:
Flux has high scalability, well-suited for current technological trends such as Web 3.0, NFTs, and DeFi. Flux’s decentralized cloud infrastructure supports the secure and efficient operation of these new technologies. For example, Flux can provide backend infrastructure for NFT marketplaces, ensuring secure transactions. Additionally, DeFi platforms can leverage Flux’s decentralized network to offer decentralized financial services. Flux’s scalability will become increasingly important in the Web 3.0 era.
6. Flux Cryptocurrency
Price Trends
Market Capitalization and Price Fluctuations:
Flux’s market capitalization shows volatility in line with the cryptocurrency market, but it has recorded a continuous upward trend since the 2021 rebranding. Flux’s price is significantly influenced by factors such as major technological updates, partnership announcements, and the growth of Web 3.0. For example, when Flux announces new partnerships or implements significant technical updates, the market reacts, often resulting in price spikes. This demonstrates Flux’s recognition as a significant project in the market.
Market Reaction:
As a Web 3.0-related project, Flux has received positive market reactions. In particular, Flux’s decentralized cloud infrastructure is regarded as a key infrastructure for Web 3.0, leading to increased interest in Flux. Flux’s price tends to surge sharply during major events, technological updates, or partnership announcements. For instance, whenever Flux introduces new features or announces collaborations with major companies, the market has responded positively, leading to price increases.
Volatility and Trading Volume:
Flux is one of the cryptocurrencies with relatively high volatility. This reflects investors’ expectations and uncertainties, inherent in projects based on new technologies. For example, Flux’s trading volume increases sharply during major events or news announcements, indicating high market interest in Flux. Flux is also listed on several major exchanges, maintaining steady trading volumes, which is a positive factor in terms of liquidity.
7. Investment Analysis of Flux Cryptocurrency
Flux coin, with a market capitalization of approximately 230 billion KRW, is not just a so-called “altcoin.” As of August 14, 2024, its price stands at $0.5, significantly lower than its peak of $1.5. If the price recovers to the $1 mark, the market capitalization would reach around 500 billion KRW, making it a coin with a relatively established position.
Flux is the most well-known and well-structured coin among those that apply a smart node system. Unlike other coins, Flux allows users to choose from three different node types with varying deposit amounts, enabling participation in Flux smart node operations with relatively modest capital.
I also operate smart nodes for other coins. In smart node investments, the price increase of the coin itself is far more critical than the rewards earned from operating the smart node, as it requires staking a certain amount of coins. The key to investment success lies in how cheaply you purchase the coins needed for the node operation.
Even if significant rewards are earned from smart node operations, if the coin’s price drops, it can result in an actual loss. However, coins that adopt a smart node system tend to have relatively low price volatility. This is because a significant amount of coins is staked and not traded by node operators, reducing circulation, and the influx of additional smart node investors results in buying pressure outweighing selling pressure.
Currently, Flux’s price has reached a low point based on the price trend over the past year. If you purchase Flux with available funds and operate a smart node, you could potentially gain from both the anticipated price increase of Flux and the daily rewards from smart node operations.
I wish all readers of this post great wealth and success!
