Gala Games - A Node Operators Musings by flarnrules

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hive-167922 · @flarnrules · Mar 31 '21

Gala Games - A Node Operators Musings

Hi Everyone,

About a month ago, I posted a breif analysis of the Gala nodes system. Be sure to read this first, as it will fill you in on some of the background. I hope to write in a way that doesn't repeat what I last wrote, but also in a way that keeps things interesting even if you choose to not read my previous post.

[My First Post About Nodes](https://leofinance.io/@flarnrules/gala-nodes-analysis-gala-games-token-mining)

Okay, so now that you have read my previous post, here's my short update:

- I paid 2.251 ETH for the license to run a Gala Node
- That is about $4,113 in today's dollars (or $4,016 in 2/11/21 dollars)
- I've been operating the node for 48 days, but only 45 of those days I have been eligible for rewards
- In total, I've earned around 1,000 GALA tokens per day
- On average, the price of GALA has been around 2.5 to 3.0 cents per coin.
- Thus, my average GALA per day has been around $25 to $30 per day

Efforts:
Besides the original investment, the effort to run a GALA node has been minimal. I would suggest that in a way, it has been enjoyable, basically the opposite of work. Because I'm actually interested in the future of blockchain based "earn to play" gaming, I'm actually pretty much getting paid to learn about how this stuff works...

That said, I had to put a $4,000 upfront investment (i.e. 2.25 ETH) to buy the node. However, if you have done the math by now, you will have calculated that I've earned over 50k in GALA tokens for operating my node, or approximately $1,407 for operating the node over 45 days. This is roughly $1k per month of extremely passive income.

In 1 year I will have generated enough Gala to possibly buy another node!

Okay, until next time, signing off.

Flarn

*If you are interested in purchasing a node for your own operations, consider using my link below. I will actually earn 10% of a point every distribution. I would be sure to pay some of that forward, as we can build capital together in this crazy new world. Sign up for Gala Games here and check out some of the really awesome stuff they are throwing down: https://gala.fan/HZP3wqIb_*

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👍 themightyvolcano, amr008, bearableguy123, jfang003, onealfa.leo, toni.curation, abh12345.leo, creators-voter, platino94, empoderat.leo

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@jfang003 · Mar 31 '21

It's nice to see that everything is going well for you. Is the reason why you require another year to buy another node because prices have increased since your first purchase?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-flarnrules-3uw4aq)

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@flarnrules · Apr 9 '21

Actually, the main reason is that after a certain number of nodes are sold by Gala Games they increase the price, in ETH. So I'm assuming that the price (quantity of ETH) will be a lot higher in a year, and also that the price of ETH per USD will also be higher. So in a year I would need a lot more money than I paid for this node just for the next node. 

I probably won't even buy another node given that fact.... People who got in early with node purchases really were able to make out great, because they could generate enough GALA, so quickly, they could then just buy another node. You can tell there are quite a lot of addresses that own a bunch of nodes, but then again there are a bunch of addresses that just own 1 node like myself.

Hope that answered your question.

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👍 jfang003

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@jfang003 · Apr 9 '21

Yea it did. It just doesn't make sense for anyone to enter this late since it would be gambling. Whereas you had the advantage of more Gala and the FOMO if you entered early.

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