November 14, 2014

How to Make $500 per day with NodeCoin Crypto currency

Today I am going to be talking about Nodecoin - the next coin that I think is really going to pop and how I've been both exploiting the system and playing the market to make over $500 today alone!

First things first:

What is Nodecoin?

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Nodecoin is a brand new cryptocurrency built from scratch on the Node.JS framework and it has a few unique features that make it a real win:

-NodePay: The NodePay protocol allows users to store Nodecoin, Bitcoin, USD and Euro in their "NodeMoney" wallet and exchange it just like any P2P cryptocurrency

-Proof of Activity: Rather than mining Nodecoin is awarded by PoA or Proof of Activity, since unlike BTC and other cryptos each Nodecoin wallet is a full node users are rewarded for simply having their wallet open and supporting the network. This is called "forging", to start only users with over 500,000 Nodecoin can forge, so there is value in buying in early as it's remarkably lucrative!

-Reputation System: Future iterations of the NodeMoney Wallet will include a system for reputation allowing users to rate transactions they have done with a wallet, allowing people to identify trustworthy merchants and exchangers

-Instant Network: Since every Nodecoin wallet acts as a Node it quickly disperses the network load making it one of the fastest and most dependable networks.

LEARN MORE ABOUT NODECOIN HERE


So How Is This Going to YOU Make Money?

First and foremost the coin has strong potential with it's unique platform and unique means it has strong upward mobility:

[Image: BiYTx9C.png]

In fact over the past few days the coin has risen over 94% in value.

And if you played the markets on each up and down you would have earned over 135% returns.


The Main Method:
But more importantly there is money to be made by forging and here is how I did it:

Step 1: Set up an account with Coin.Mx why them? They allow you to deposit via Credit Card instantly anywhere in the world AND you get a $5 free bonus on sign-up. We'll be using them to transfer money to BTER since it's quicker than dealing with OKPAY.

Step 2: Sign up with BTER(10% discount on trading fees via ref link)- they are the only exchange right now that offers Node/BTC.

Step 3: Buy Bitcoin, transfer to BTER and buy 500,000 NodeCoin.

Step 4: Download the Nodecoin Wallet (http://nodecoin.com/)

Step 5: Transfer 500,000 Nodecoin to your wallet to activate forging.

Step 6: Once you have forged your first extra Nodecoin, download VMWARE (http://www.vmware.com/) and set up a Virtual Machiene

Step 7: Set up a new Nodecoin wallet in the Vmware and transfer small amounts of Nodecoin between your two wallets over and over again. This will push up your activity value - while everyone gets a small share of the network fee active users get a bigger chunk.

Step 8: When possible buy more Nodecoin (or earn more) and set up additional wallets. You'll make more money the more wallets you run, right now I have 10 Vmwares running forging wallets and I'm setting up a laptop to do more. Since most people only operate one wallet, forging isn't like mining and doesn't diminish over time.


How Much Can you earn like this?

Right now the network (and the value of Nodecoin is fairly small). However it depends on the amount of transactions on the network. At the time of writing this the network is only doing 27 transactions an hour and so it generates about $15 an hour split between every wallet with over 500,000 NodeCoin. However, over night last night the volume of Nodecoin moving picked up greatly and I made well over $25 alone last night.

But the most important thing is that the over all value of Nodecoin is rising fast. While yesterday I earned $25 in fees, today it is worth nearly $40 and my 5,000,000 NodeCoin was worth $900 USD earlier this week and is now worth $2600

I rarely invest in new cryptos - I'll play the markets but there are very few that I hold for the long haul. I did it for a while with BTC until around the $1000 mark, and I did it with Dogecoin until it was around $900 per Million. This is the next big coin that will have huge returns so whether you are looking to get into investing or into forging Nodecoin is the logical next choice.

I Don't Have Enough Money to Setup Forging Wallets - What Can I do?!

It's ok, don't fear - invest what you can. While forging wallets will be a great way to earn lots of money in the long run, you will notice that most of my current earnings come from the fact that this coin is EXPLODING in value. So even if you only have $5 to invest, get in there and you can more than double your money over the next week.

Even the free $5 from Coin.mx can make a different - I think that Nodecoin will be worth over 200 Satoshi's with in the next week or so, and in the next few months will be worth a couple hundred perhaps even 1000 Satoshi's. This is the next big win in crypto.

4 comments:

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  2. "Set up a new Nodecoin wallet in the Vmware and transfer small amounts of Nodecoin between your two wallets over and over again."

    What amount do you recommend?

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  3. Thank you for taking the time to publish this information very useful!
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