Relay node rewards - General - Algorand
Relay node rewards
post by Mike on Jun 20, 2019
How may I get more details of relay node rewards, except following which is very vague?
Relay Node Participation
The Algorand Foundation has given early supporters around the world who have agreed to run relay nodes the opportunity to earn Algos in exchange. Relay node runners earn tokens according to vesting schedules that range from 2 to 5 years. Any unvested amount will not participate in the consensus protocol.
post by Vit on Jun 25, 2019
Apparently, nobody seems to care to answer this question or perhaps, there’s no answer for now.
post by JasonW on Jun 25, 2019
Take a look at the bottom of the FAQ, it covers Running your own Relay:
Can I earn tokens for running a relay node?
- Not at this time, but there will be opportunities to earn tokens for relay node running in the future. While anyone can run a relay node, the Algorand Foundation has given early supporters around the world who agreed to run relay nodes at network launch the opportunity to earn Algos in exchange. This early support program is closed, but there will be more opportunities in the future.
post by Mike on Jun 25, 2019
So relay nodes program is permissionless, a joke only?
post by paul on Jun 25, 2019
Hey Mike,
Running nodes (relay and participation) is 100% permissionless. Earning tokens for running a relay node was a program that the Algorand Foundation put together for bootstrapping the network prior to and at launch, as the FAQ from the foundation linked above references. That specific program is now closed as the network has launched.
I would anticipate additional programs opening up in the future, along with a general rewards program being implemented that is alluded to on the foundation’s token dynamics page: “In the future we will introduce additional incentive mechanisms to ensure long term infrastructure support and health. The Algorand Foundation is committed to only introducing mechanisms that are permissionless and allow any interested party to join the network.”
post by YoungBerry on Jun 25, 2019
Can you share how many relay nodes earning tokens are there right now?
post by YoungBerry on Jun 27, 2019
According to this https://algoexplorer.io/ 38 million algos have been rewarded to the node runners for the past 8 days. It means around 140 million algos will be given out every month.
post by paul on Jun 27, 2019
Relay node Incentives: Each day tokens are earned by relay node runners, The Algorand Foundation has clearly outlined and explained these here. Approximately 2 billion of these incentive tokens will enter circulation daily over a two year period. The same number of tokens enters circulation every day.
post by YoungBerry on Jun 27, 2019
So 2 billion over 2 years for node runners + 3 billion sold on auctions over 5 years. It makes it 1.6b new algos per year and 4,383,561 new algos per day.
post by udon on Jun 28, 2019
We also interested in running Relay node and join to token reward programs…
We would like to contribute Algorand, so I would appreciate it if you could reply to me.
post by SumDude on Aug 29, 2019
which may explain why ALGO price has tanked. too much supply.
post by janjalani on Oct 23, 2019
can someone teach me how to set up the relay node and if I am able to earn?
post by studyres on Oct 26, 2019
We suggest that rewards tokens are given to other relay node owners, there will be a competition, more people will run relay nodes to get rewards. Also this will increase the cost of getting tokens, and then put the price higher.
post by studyres on Oct 30, 2019
Now there are only a few fans for the technology.
We do believe that giving rewards tokens to new relay nodes will attract a bigger eco-system, and then bring a higher price.
post by flyingmonkey on Jan 3, 2021
Hi all,
I would like to reopen this thread.
Please can anyone from Algorand answer me:
- How many relay nodes is currently in place.
- Who are they - is it publicly shared / at least distribution?
- How is running X relay nodes pre-selected with now closed option in alignment with decentralization of anything.
- I do understand it is different to participation nodes in functionality of consensus but I cannot see how anyone can ignore that relay reward is distributed to circle of parties that is now closed to enter.
This is for me the biggest issue as with Algorand foundation stake it builds up a ton of feeling for centralized (or perhaps better word is federalized) token. I could live with with the tokenomics not promising much growth unless hyped in later years but this is for me a big no no and I believe for everyone.
Become transparent please and you´ll see the a great inflow.
post by APC on Jan 13, 2021
I agree, this needs to be answered by the Algorand team. I’ve been following the project for some time and he closed circle of relay nodes is problematic.
For the sake of this project, there needs to be more transparency and implication in this community.
post by scholtz on Mar 19, 2021
Hi, I am interested in running the node, but first I need to know my costs… How much traffic do you expect the node consume per day now, and how much do you expect it to consume in one year? What are the storage requirements?
post by fabrice on Mar 19, 2021
I am assuming you want to run a participation node which is the most useful node to run for the ecosystem and which is the only way to actually participate in consensus and vote/propose blocks.
(Relay nodes are very expensive to run, require extremely high network quality and huge bandwidth and anyway do not participate in consensus. To learn more see https://algorand.foundation/faq#running-nodes-)
Let me give you the figures for my personal participation node in the cloud (Ubuntu 20.04.1 LTS):
- bandwidth: 316 GB In/18.1 GB Out in Feb 2021. This number will increase as the number of transactions on the Algorand blockchain increases. But it is very hard to predict.
- storage: SSD, total use 12GB, use for the Algorand data folder: 5.6GB. My node is non-archival so only the account table and the last 1000 blocks are stored. Even with huge increase of traffic, provisioning 40GB total should be sufficient. Slow cloud HDD may not work.
- CPU: 1 core
- RAM: 2GB → 1GB is definitely not sufficient
People have reported being able to use a Raspberry PI 4 too.
post by scholtz on Mar 19, 2021
Hi, thanks for useful information.
According to this data, if I would run the participation node in azure, it would cost me approx 100-200 eur per month.
Are there any incentives to run the participation node?
Am I reading it right that the algo foundation is funding millions of usd each month to the relay nodes, but the real endpoints for commerce, the participation nodes are not funded? Or the reward system somehow funds the participation nodes?
post by fabrice on Mar 19, 2021
My participation node is on Linode and it costs me $10/month.
There are currently no incentive to run a participation node. See https://algorand.foundation/faq#running-nodes- for detailed explanations.