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Title: Be careful with new sentinel-required masternodes Post by: bitcoin9999 on February 08, 2018, 05:45:20 AM New masternode coins with sentinel requirement to run the masternode are coming out everyday and each masternode costs about $20k to $45k These new coins tricked potential investors with outrageous ROI in the range of 5000% and above. They tricked masternodes.online with low number of MN currently installed (like 2 MN--those are the genesis nodes). Since masternodes.online can only detect 2 MN currently installed, the ROI is extremely high, but what masternodes.online did not know is that there are already 60 MN already installed but the developer did not release the sentinel for these MN operators to run so all these masternodes were in the "Watch_dog expired" status. So unknown investors spent $45k to buy a maternode to chase after the 5000% ROI thinking that they are going to be MN number 3, not knowing that the real ROI at the time of purchase is probably around 1000% because the current number of MN is 60, not 2 as reported by masternodes.online.. Once the developers of these sentinel masternodes released the sentinel program required to run the masternode, the ROI and the price of the coin dropped like a rock because by this time there are already well over 60 MN bought. Here are two examples of two coins that required sentinel to run the masternode : Rapture and Advance. At this moment I believe they will release more sentinel required masternode coins so they can grab more cash from unwary investors.
https://cdn.discordapp.com/attachments/365950932359446529/411032993361297409/advance.PNG https://cdn.discordapp.com/attachments/365950932359446529/411033058582724609/rapture.PNG So be very careful with new masternode coins that required sentinel to run. I believe these coins are released by the same developers. Do you want to buy something that will lose 90% of its value in 1 to two weeks?(edited) What do these coins have in common? The developers do not want investors to know who they are so they can create more sentinel-required msternodes in the future. Title: Re: Be careful with new sentinel-required masternodes Post by: bitcoin9999 on February 08, 2018, 06:18:59 AM How do I know that masternode coin requires sentinel program to run its masternode? An honest developer will tell you upfront that his masternode coin requires sentinel to run. If he did not, then you can download the coin's wallet and run "masternodelist" in the debug window and if you see "ENABLE" or "Watchdog expired" then you know you need a sentinel program to run.
https://cdn.discordapp.com/attachments/365950932359446529/411040533113208832/sentineladvance.PNG Title: Re: Be careful with new sentinel-required masternodes Post by: Notyoursbuisness on April 27, 2018, 09:53:47 PM Thanks for information. Next time i will definitely do more research and will avoid buying masternode coins that requires "sentinel" even if i find something very cheap.
Cause its too complicated too fast. And in the end of the day - I can't make it run. Honestly I think that masternode creation process is already very complicated with console commands with bunch of keys and with absolutely strange requirement of "1 transaction" not more than "x" coins. But this watchdog thing makes everything much much more complicated and weird (why its not included inside the wallet itself ?). Regular POS with fixed big reward for holders of huge amounts (more than x) of coins that have wallet running for full day or two would be much better. |
