By uptrennd.com on May 29, 2019
By now, everyone can relate to Uber and its business model. You own a car, and you can offer ride services through Uber app and earn income. Simple as that.But what is Uber-like cloud storage service providing? Well, the same thing, just replace a car with a 0Chain mining rig! There are three types available, but more on that later. First, let's examine a few differences.Above image gives us an idea of just how significant the benefits of being a 0Chain cloud storage service provider are compared to Uber drivers. Owning and maintaining a car costs a lot of money, much more than owning and maintaining 0Chain mining rig. You don't even need to do it yourself! You can choose a white glove option and 0Chain takes care of everything for you, compared to how much time it takes driving other people in Uber car.And just like Uber driver, more or less anyone can become a 0Chain cloud storage service provider. The only thing you need is to invest in the equipment and purchase ZCN token for staking. But wait, there are even bigger benefits for those signing up early!Following the successful launch of AlphaNet and 0Box, 0Chain is gearing up towards the launch of BetaNet. This next phase will include the incorporation of service providers that will help maintain decentralization and a functioning network.$ZCN was recently evaluated by world's #8 academic institution, the Imperial College London with their equilibrium token valuation approach! Article here!Why Join Now?If you purchase the “white-glove” option from 0Chain, you receive a 1:1 return in ZCN.This means that for every $1 spent on a rig ( service support), you will receive 1 ZCN.0Chain will build, test, and deploy the rig for you.Service Providers immediately earn 10% interest on all ZCN that is staked as well as the rewards from mining, sharding, and blobbing.0Chain service providers will be actively participating in running an ultrafast network (~1s finality) with smart contracts and dApps. This is not a typical wasteful CPU proof-of-work task.For latest info join the conversation in 0Chain service providers group on Telegram. Service Provider Roles and RigsWhile 0Chain is an open network that allows countless variations of hardware, the team has developed a recipe for three different rig options. These will accommodate everyone from the “casual” service provider to the highly committed.These are three different rig options:M Rig: designed explicitly for mining; the most cost-effective model.MS Rig: designed for Mining and Sharding; the middle-tier option.MSB Rig: designed for Mining, Sharding, as well as enabling Blobbing; the top-tier option.Purchasing through 0ChainTo purchase, visit Service Providers WebpageThree-year warranty for parts and equipment.If you are planning on purchasing through another provider, we suggest using: https://www.thinkmate.com/systems/servers/rax/1u or http://www.kingstarusa.com/RewardsLike already mentioned above all Service Providers immediately earn 10% interest on all $ZCN that is staked UPFRONT! That's right, you get that right away when locking the tokens. On top of that, you can expect rewards from actual mining, sharding, and blobbing as shown on pictures below (based on the price of ZCN).For more information regarding rewards and check out our Service Providers Brochure, read our Token Reward Protocol and Storage Protocol.- Delegation Pools: service providers are selected to the active set via a squared-staking mechanism. If you are concerned you will not have enough ZCN to be selected, 0Chain offers a delegation pool which allows users to contribute their ZCN for you to stake via 0Wallet. This protocol allows users to retain their ZCN while contributing to your needs without the worry and hassle of transferring tokens.- The Zero-Cost Model: clients who elect to lock their ZCN immediately earn a 10% return. This interest can be used to re-lock, sell, or pay service providers for data storage. This allows users to essentially use the 0Chain network for free.If you have questions, feel free to comment on this article, email operations@0chain.net, or message us in our Service Provider group on Telegram.0Chain protocol overview - Great article from 0Chain CTO, Siva Dirisala: http://rdrurl.com/protocoloverview 0Box download link (iOS only): https://testflight.apple.com/join/4oCQfbRuAlphaNet Block Explorer: http://explorer.ruby.alphanet-0chain.net/Telegram: https://t.me/OchainTelegram Announcements Channel: https://t.me/ZCN_announcementsTelegram Service Provider Channel: https://t.me/MiningBlobbingShardingTwitter: https://twitter.com/0ChainFacebook: https://www.facebook.com/0chain/Reddit: https://reddit.com/r/0chainThe original article, courtesy by Chad Hanson!Cheers!
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