How To Run Your Waves Node and Profit

The Waves blockchain invites you to join an exciting contest for node operators! If you create and maintain your own node with the largest balance before December 20, 2024, you could win fantastic rewards in the form of leased WAVES tokens, boosting your generating power:

1st place: 50,000 WAVES
2nd place: 35,000 WAVES
3rd place: 15,000 WAVES

But that’s not all! Every newly established node will get 5,000 WAVES tokens as an initial lease.

*All funds will be leased for one year.

What is a Waves Node?

A node is a key part of the blockchain ecosystem. It stores and synchronizes data, validates transactions, and, if set as a generating node, creates new blocks. Running your node supports decentralization and opens the door to earning blockchain rewards.

How Profitable is Running a Waves Node?

Of course, running a node is not free, you might want to at least use a VPS service, which will cost you around $30 a month. However, generating blocks through your node also brings profit. With the initial lease of 5,000 WAVES tokens, you will be able to generate around 1,000 WAVES tokens a year, which not only covers the costs of a dedicated server, but also leaves more than $100 on top each month. The more tokens you attract to leasing, the more you can earn.

How to Start Your Waves Node

Here’s how you can set up your Waves node and join the contest:

Check System Requirements:

A CPU with 2+ cores
At least 4 GB RAM
175 GB SSD or more for blockchain storage

Choose an Installation Method:
- Docker: Install Docker and run the Waves Docker container for a quick setup on macOS, Windows, or Linux.
- JAR or DEB Packages: Download the appropriate files and configure the app for your OS.
- Build from Source: Advanced users can use Scala Build Tool (3) to compile the node.

Refer to the Waves Node Installation Guide for detailed, step-by-step instructions.

Set Up as a Generating Node:
- Ensure your balance meets the 1000 WAVES minimum to start generating blocks.
- Use the Leased Proof of Stake (LPoS) mechanism to attract WAVES leasing from other users, increasing your generating balance.

To check the correct installation of the Waves node, enter the command curl "http://127.0.0.1:6869/blocks/height" in the console. You will see the current height of your Waves node. For example: {"height": 4456074}. The height of your node should increase over time."

Check with the instructions for any further assistance.

Tips for Winning the Contest

Attract WAVES leases to your node by promoting it to the community.
Keep your node operational and up to date to maximize its reliability and performance.
Don’t try to abuse the system, withdrawing funds from already established nodes and using them to get additional leasing is a bannable offence.

IMPORTANT NOTICE: Each user is allowed to own only one node.

Join the Contest Today!

Take this opportunity to contribute to the Waves blockchain, showcase your skills, and compete for leased WAVES prizes that enhance your node's profitability.

For more details on running and optimizing your node, visit the official Waves documentation.

Got any questions? Join the Waves community on Telegram.

Start your journey today and let the best node win!