Transcoder Campaign: Authority_Null

UPDATE 8/15/22

Thanks to an increase in stake, we can lower our reward cut by another 5%!

55k LPT staked - 35%
83k LPT staked - 30%
108k LPT staked - 25%
133k LPT staked - 20% < We are here.
158k LPT staked - 15%

A big thank you to our delegators for supporting our efforts :rocket:

On another note, we finalized a recent education-based grant that helps orchestrators scale with Docker and Portainer. Here’s a full video walkthrough voiced and recorded by @MikeZupper :

anlivepeer.com

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UPDATE 9/4/22

In August we:

  • Hit another staking milestone. Thank you delegators, you rock!

  • Updated our Grafana dashboard/workflow, increasing efficiency while providing a cleaner frontend.

  • Authored a new guide, helping orchestrators improve their Arbitrum RPC infrastructure. This is our 3rd grant to be approved! Another team effort with @MikeZupper (video coming soon).

  • Set up a new node to serve the São Paulo ingest region.

We continue to experiment and improve our infrastructure, with September’s focus being on proxying Livepeer.

Just one more staking milestone to go before we decide what kind of incentives we can put together next :slight_smile:

55k LPT staked - 35%
83k LPT staked - 30%
108k LPT staked - 25%
133k LPT staked - 20% < We are here
158k LPT staked - 15%

anlivepeer.com

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UPDATE 9/9/22

We did it!

Thanks to our delegators we’ve crushed every one of our staking milestones. Delegators now receive 85% of daily reward calls and 76% of ETH fees.

Note: Our ETH cut is not set in stone and may be adjusted in the future depending on market factors to help cover expenses. We’ll always post here and on our website at least a day before making any changes.

As we continue to grow, we’ll think of more ways to incentivize delegators :wink:

55k LPT staked - 35%
83k LPT staked - 30%
108k LPT staked - 25%
133k LPT staked - 20%
158k LPT staked - 15%
173k LPT staked < We are here

anlivepeer.com

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UPDATE 9/22/22

UPCOMING FEE CUT CHANGE

As suggested in our last post, our fee cut is not set in stone, and on October 1st we plan to raise it to 45%. We feel the need to make this adjustment due to a few factors:

  • Rising operational costs due to the ongoing energy crisis

  • Shrinking daily rewards due to increased participation in the network

  • General market sentiment

We believe this is still a competitive split, and ideally would like to lower it again as soon as it’s feasible.

Important: If you are currently delegating with us and have ANY questions or concerns about the upcoming adjustment, reach out on Discord (Authority_Null#8136) or via email (Authority_Null@anlivepeer.com).

Thanks!

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Congrats on reaching your recent staking milestone - your work is awesome. Good on you! :+1:

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UPDATE 10/04/22

We’d like to introduce some new long term staking milestones.

For every 75k LPT staked, we’ll lower our reward cut by 1%, and 2% when we reach 1m LPT staked. We really want the milestones to be a challenge this time around!

175k LPT staked - 15% < We are here
250k LPT staked - 14%
325k LPT staked - 13%
400k LPT staked - 12%
475k LPT staked - 11%
550k LPT staked - 10%
725k LPT staked - 9%
800k LPT staked - 8%
875k LPT staked - 7%
950k LPT staked - 6%
1m LPT staked - 4%

Happy staking!

anlivepeer.com

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UPDATE 11/17/22

Our nodes have been running smoothly for the last 2 months, not a whole lot of intervention or tweaking needed!

Last week we had our best day yet, and although a lot of the work increase as of late is most likely due to Livepeer Inc’s internal testing, it’s still good to see that our infrastructure can handle a healthy amount of concurrent streams.

30streams

We’ve also managed to take the number 2 spot for 90 day trailing fees on the network - a big milestone for us! Huge thanks to our delegators.

We’re paying close attention to the features like VOD coming to the network, and are always looking for ways to improve our setup. We’re excited to see how Nvidia’s 40 series, Netints GPU’s, and even possibly Intel’s GPU’s perform on the network in the near future.

We’re also continuing to work on community projects that aim to improve Livepeer’s ecosystem as a whole and we’re excited to share more when the time is right.

Don’t forget about our dynamic reward cut :slight_smile: The more we can get staked to our node, the lower it will go!

180k LPT staked - 15% < We are here
250k LPT staked - 14%
325k LPT staked - 13%
400k LPT staked - 12%
475k LPT staked - 11%
550k LPT staked - 10%
725k LPT staked - 9%
800k LPT staked - 8%
875k LPT staked - 7%
950k LPT staked - 6%
1m LPT staked - 4%

anlivepeer.com

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UPDATE 12/01/23

Happy new year!

We are pleased to report that our node experienced significant growth in both delegators and operational efficiency in 2022. We anticipate this trend to continue in 2023 and are excited to see the continued growth of our node and Livepeer as a whole.

Additionally, we are gearing up for the launch of a new open transcoding pool, created by members of the Livepeer community. If you are interested in becoming a transcoder, we encourage you to check out video-miner.com to learn more.

Thank you for your support and we look forward to another successful year ahead.

anlivepeer.com

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UPDATE 2/06/2023

Updates may be a lot leaner this year, but that’s simply because our infrastructure is stable and we’re happy with what we have running at the moment (stating that our infra is stable usually results in something breaking in the following days).

We’re always looking to improve though, and this week we upgraded our monitoring stack to include Loki! This means we now have advanced logging visualized in a dashboard, making troubleshooting, as well as gathering protocol insights, so much easier. This is thanks to @MikeZupper and @speedybird, who worked on a community grant that guides Orchestrators through the entire installation of Loki.

We’re also working actively with a team of Orchestrators on the Video Miner transcoding pool, which is currently in closed beta.

It’s safe to say we’re doubling down on Livepeer this year.

Don’t forget to stake with our node. The more stake, the lower we’ll drop our reward cut, which means more rewards for delegators.

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UPDATE 4/01/2023

12:00PM MT
Just a quick update, we’re taking EU offline for approximately 1 hour while we perform some necessary maintenance.

12:30PM MT
EU is back online. Our LA server has been taken offline while we move to a more reliable provider. Traffic from LA will be routed to our NY node until the migration is complete.

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UPDATE 4/02/2023

Our LA node is back online :slight_smile:

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UPDATE 9/12/2023

We are experiencing network issues in NY (our only self hosted node) and are working to resolve ASAP.

A technician will be arriving on Friday to replace the ISPs modem.

I’ll update this thread as soon as we are back online.

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UPDATE 9/15/2023

Our NY node is back up, however, we have moved to a remote O setup until internal network issues are resolved.

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UPDATE 3/22/2024

Hello there, been a while.

Livepeer is seeing a significant increase in innovation this year, with new capabilities being unlocked, like AV1 and improved transcoding quality, the onboarding of bigger clients to Livepeer Studio (more work for Orchestrators), and even stepping into the realm of AI workloads.

It’s abundantly clear that the stock standard GTX 1070/1080 simply won’t cut it as Livepeer grows, and we’re happy to say that, thanks to our delegators, we’re in a position to upgrade all necessary hardware to support the increase in demand and the variants in job types.

That said, we will not be taking a rapid approach to deploying new hardware, as there are several options in front of us and we want to work alongside our peers to identify the best options, figure out what regions need to be upgraded the most, and what hardware is the absolute best for what Livepeer has coming. Orchestrators like @stronk are even testing CPU transcoding, something that has long been tossed to the side as an option for Orchestrators due to limitations in speed and Livepeer’s software, but now may be viable.

TLDR; we’re excited to upgrade our nodes and remain a top performer on the network!

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2024 In Review

With the year rapidly coming to a close, we’d like to take a moment to provide an update, as a Livepeer node operator of over 3 years now—wow :flushed:


We Re-Invested

We started the year with a ~$50,000 re-investment into the network:

  • Built a server containing 2 4090 GPUs to help jumpstart the new AI initiative.
  • Revamped and rebuilt our transcoding server, upgrading everything, including the GPUs, to 3 RTX 4000 Ada’s.
  • Upgraded from 1GB networking to an 8GB private line.
  • McGyvered everything into a single makeshift server room closet (true decentralized infra).
  • Worked with a fellow Orchestrator to provide equal coverage in the EU.
  • Ran electrical to a large capacity home generator.
  • Attached everything to a very large UPS.
  • Continued to support multiple regions for transcoding.


Community Activity

We kept actively contributing to the community, voting independently on all new treasury proposals, joining discussions, water-cooler chats, and participating in the Know Your Orchestrator blog release by Live Pioneers.


Tenderize

We had the opportunity to partner with Tenderize on their launch, enabling liquid staking for LPT, and we’re grateful to be a part of it.


Legal Entity

With help from Opsfi, we incorporated Nullworks LLC., a necessary step for paying a full-time engineer starting in December (if the banks allow it, thanks Obama)
kek


Our Startup

Livepeer has allowed us to go Web 3.0 full-time, enabling us to launch a startup of our own, which is almost 2 years old now. Since Livepeer has been vital to our non-VC-funded approach, we’re always looking to connect it with the protocol in any way we can.


LPT Integration with Squid Router

We worked closely with our cross-chain providers at Axelar’s partner, Squid Router, to enable competitive cross-chain LPT swapping across many networks. This now enables LPT swapping directly in Discord through our startup’s on-chain functionality.


AI Startup Grant

We applied to Livepeer’s AI startup grant and built a generative AI application for Discord focused on UX, event management, and gamification. It’s all tied into the same bot that can tip, raffle, and airdrop LPT to server members. We were voted #1 out of the participating startups and are one of the few production-ready, actively used applications. “Gen” is active in 80+ servers, used by over 550 people, with 61,000 images/gifs generated organically.

Gen Demo:


Our Gateway Node

Our startup also set up and actively manages a Gateway node, sending out 289 tickets worth roughly 0.3468 ETH (~$1,000) to node operators so far.


Not All Good News

Unfortunately, late this year, we saw one of Livepeer’s large OG Delegators leave the network, leading to a reduction of 50% or more in total stake for many Orchestrators, including our node. We hope they reconsider and rejoin the network soon. In the meantime, we’re committed to doing our part to push the protocol in the right direction so delegators feel confident staying.


Onto The Next Year

It’s hard to believe it’s been 3 years since we joined the network, but we’re excited for what’s to come—from new real-world use cases and AI to growing demand and engagement from delegators. We’re looking forward to having more reasons to scale and build out even more kickass infrastructure.

We’re also planning to revamp our website, shifting the focus to Nullworks and all our endeavors.

If you’re holding LPT, stake it on the Explorer, or, if you don’t like delays, use Tenderize :index_pointing_at_the_viewer: :chart_with_upwards_trend:

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