Setting up smartcash smartnode for less then $850

Setting up a smartnode is a good opportunity to get involved with smartcash and start earning a stream for income. In the case of SmartCash running smartNodes is akin to running servers that are required to run the smartcash ecosystem. SmartNodes act as servers that run a SmartCash wallet and are required to make decions. These are decisions like locking the transactions with InstantPay.

So what are the requirements to setup a Smartnode?

You need 10,000 smartcash in your wallet. This is like a collateral and stays in your wallet. Apart from this you need a dedicated VPS offering IPv4 address, a minimum of 1 GB RAM and 20 GB storage drive space. The idea is to have it running 24X7 with not more that one hours towards a connection loss.

The reward of running a smasrtnode

As a reward of running a smartnodea smartnode-holder get paid 10% of the block reward on every block. This reward is distributed to the smartnodes 1 at a time.

Job of a smartnode

As of now the role of smatnodes is to validate the transactions which facilitate InstantPay.
This in comparison is much faster as compared to Bitcoins which can easily take 10 minuntes or much longer depending upon the network traffic.
As the smartcash project progresses more services would be added to the fold and it would enhance the role and utility of the smartnodes.
As I write this post the cost of 1 smartcash = $0.082316
That means to run a smartnode would require to by 10,000 smartcash which amounts to $0.082316 X 10,000 = $ 823.16
So you are all set to set up a smartnode for under $850
Yes you need a good quality VPS that offers a 24x7 uptime with a static address.
A VPS can be obtained at various price points ranging from $5 to $10 per month or less depending upon the VPS and the hosting service provider.
When you setup and run a smartnode for smartcash you are also earning smartrewards that are paid up everymonth on the 25th