Bitcoin Forum

Are you familiar with Masternodes?   

It is a form of earning crypto.
Instead of buying hardware, you buy coins, and hodl in your wallet....
while your masternode VPS is running to process staking transactions,
you will reward rewards from the blockchain network sent to your local wallet.

This is why our team created an educational material below to let people know you don't have to mine to earn crypto.

http://setupmasternodes.com/cd/322.png


Are you currently running one or plan on running a MN later? What are your thoughts of earning Masternode payouts?

are you sitting on masternode coins and not staking with your own full node?

Get hosting for as low as $10/month!

MNs used to be a darling of people in the space, but looking at the performance of most of these MNs coin tis year, people have started liquidating their holdings has has profit shrinks another thing to note is that the block rewards is also reducing for most projects

using MN is one good strategy for getting better profits than buying coins and hold it, but looking at the situation now, even MN cannot guarantee anything, many users experience shrinkage

good educational material, I think it really doesn't need to bother mining, because the results do not determine proper success. besides being wasteful of electricity, the sound was very noisy

Yeah it is a great, cheap, eco friendly and business friendly alternative of mining, especially when ethereum will upgrade from pow to pos algorithm we will see most of the miners jumping on board to earn rewards in eth by staking eth.

Those masternode coins can be an interesting option only if you have some coins that you are planning to hold for a long period of time and, in the meanwhile, you want to use them to get a few more coins, without expecting too much. If not, they are not worthwhile.

This is exactly the point. Anyone who tries to make a quick buck off masternodes will cost themselves money. If you're a full time trader and make more money being good at trading, this is not for you.

People who try to make quick bucks off crypto will get caught up in the hype and FOMO buy or sell.  Masternodes makes sense on a long term basis

Well stated. These are important factors for people who understand what Masternodes can do for coin generation compared to mining

https://steemit.com/masternodes/@ajt/troubleshooting-masternode-issues


https://steemitimages.com/p/D5zH9SyxCKd9GJ4T6rkBdeqZw1coQAaQyCUzUF4FozBvW7kJRmBG9evLYdyGRF189uPSt9z7FWRKpS3tMfrnFB9wQPKZoGeHtskdqutuFbTWb2iE9KxotyX2NwZ5oCMRvKJW2r?format=match&mode=fit&width=640

I think still so many people dont know about masternodes also maybe he want to know it but after read article, but still hard to understand especially for people who haven't background crypto, new in crypto. Maybe i think video tutorial step by step until finish setup will give benefits to many people. Also explanation about capital and ROI

Is it just me or the site but there's an error in your affiliate page http://www.setupmasternodes.com/affiliates/ I've tried to sign up so I can promote it, but all the links are not working even your sign up form is not working too please fix it, this is a good project too promote.

We are fixing the affiliate link because of some recent updates that must be done before proceeding

I have found out that, there are so many masternode threads and topics that are coming out of the cryptocurrency forum like these for the moment, I would like to ask, is this some sort of an alternative to mining? I don't think it will be good if I just enter the masternode world without even asking for it here.

A lot of us are now familiar with masternode and how it is possible to earn a coin even without having to buy huge machines that would cost a lot of money, though one thing I am very scared about in masternode is that once the price of the coin reduces the coin becomes next to nothing because the reward is not giving in USD form but in the coin itself, imagine buying master node for $1000 and in 2 weeks the value have then become $50, the node has become leader.

How it will be safe and reliable ? I read in another discussion that all the ICO scammers are now coming in the name of masternode coins. So, do not fall into same types of trap just due to different names.

Mining or masternodes are profitable only when that coin will be having any real world application or product based. Otherwise, both devs and miners will keep dumping and then you may get enforced to mine shitcoins alone after some period of time. Masternode is a new name for scamming innocent investors. Take time to read a project before deciding to mine/MN them.

whats your opinion if the coin developers are solid and been around for a while? For example: DASH, PIVX, ZCOIN, RAPIDS, etc?

Well is a way to earn some crypto, but not all coins with masternodes doing well and also to run a Dash masternode which can bring a profit on long run cost a lot, but on bull run the coins with masternode doing well, at least that happen on last bull run.

Past history has shown that master nodes coins aren't not performing well ,they've lose value so much just like the Proof of work ones ,the reason why I like masternode is because its not a power hungry setup ,I think its still worth it though

Don't mind him. I never think anything is a scam lol

Im still using dash and i never regret it even some people from other coins have called that as a scam but i can still use it in various merchants. https://www.dash.org/where-to-spend/
https://discoverdash.com/location/

It's a common thing when you are seeing people that are thinking about the negativity of any coins.  ::)

bitcoin gets decreased from 20k to the 3k just in less than a year, and any other coins too. We can't blame them all because this is crypto that fully with volatility.

I think it is a good activity to earn crypto. But I think it is more risky rather than trading. Because I am not mistaken you will only perform holding your coin. I wil research about this project and I will try to invest when I learn the project's flow. I hope it will be successful to make an alternative source of income here in crypto industry.

Why do you give superiority to mining or masternode? Apart from them, there are ways to provide money. Masternodes have also begun to be unprofitable. Trading is the more lucrative and the better way in terms of profitability.

It would have actually been a very good way to earn some extra cash, although the profit on masternode is quite very small compared to one miners get in the bull run market, masternode is really not for everyone, the last masternode calculation that I did when I picked interest really discouraged me, I think one would need about $300,000 to set it up, I mean DASH masternode.

$300,000 is more than enough for me to invest in bitcoin and get a very profitable income, with $300k; I will be having about 50 BTC, imagine that each of them becomes $15k per one during the bull, would I not have gotten $750k in return? I bet masternode cannot even give me this in 10 years.

Masternode are excellent solution to stabilize cryptocurrency by encouraging its owners to hold. Let's hope more developers will decide on this. As for now, from coins which I'm currently investing in, only FuturoCoin have made a move in this direction and its team is currently working on implementing masternode system: https://newsroom.futurocoin.com/become-a-masterode-owner/

Yeah, they've already set the price for 1 masternode for 1000 FTO. You can find more here info https://medium.com/futurocoinfto/a-futurocoins-masternode-5d51b23628e6 

first time hearing about this site
Thanks for the share.

anyone else looking into this?

Problem with masternodes rewards is they keep decreasing in time,I will chose POS over masternode because I don't need to set up some server

the cost to service them is definitely much more cost effective

If ever I can afford to have my dash masternode, I'll have no second thoughts of purchasing it. The initial capital to start your dash masternode is high. It's worth 10 BTC or $107k.

That's a lot of money to me but if I'd ever bought a lot of bitcoin before and I'm eligible to get that MN, I'll take it. $18 daily passive income is a nice amount for doing nothing and dash has a decent volume so it's a safe coin to invest.

Mining bitcoin and masternode, in my opinion the cost is almost the same. Masternode on certain coins requires more than 1 bitcoin while sometimes to build 1 mining rig does not cost 1 bitcoin. I think it depends on the investor, if you prefer bitcoin, then it's better to build the rig

It's not just the only factor that you have to consider. There's also the cost of operation while you are mining bitcoin and in my place it isn't ideal to mine bitcoin either altcoin because of the electricity's expensiveness.

Mining bitcoin is more profitable if we'll try to understand the situation but there's just factors that it isn't ideal for each individual.

In last few days I was doing some search about this that which coins is good for this now today first time reading your this post and now understanding its all about money mean its working like Mine but we not need too many hardware electricity so from today I am joining some masternode site and trying to invest small amount just for experience.

Peers, who has tried mining? How much money did you spend? Was it hard to start? Tell please some hidden stones

Hi, I have tried, and still mine. It cost me a fortune in the past. It was a very long path to what I have got now. I used to rely on GPU miners, lost 20K usd in 2017 to buy this damn bad equipment.

So what is GPU miner? Why it is bad what is better?

Better to buy asic miners. GPU are fragile with low rates of production. No sense in buying this type of equipment.

ASIC? And are there any proven places to buy this asic miner and how do they look like?

You can see such equipment on globemining . com. I have personally ordered there my asic miners several month ago

Yeah, I see. And you liked the miner over GPU? Cause I have seen many cheap GPU mining farms, used one.

I really appreciate my purchase. GPU are old and can break down unexpectedly, do not buy. Pay a bigger price but be sure you have invested in a right thing

Ok, gitcha right!

Good luck hope I have helped you

A lot of people have already tried to mine crypto and it's not worth with how much money you will spend it to buy the mining rig. For more calculation and you can visit altcoin mining section and some active miners in there already made a calculation about how much they spent to the mining rig and how long their ROI will be.
This will help you a lot and don't rust to put your money in mining when you are not expert about that.

don't limit yourself with any kind of crypto

It's all about the long term goals

Yes, it's working like mining. You will get rewarded for a certain and eligible amount for that coin you hold. Those good and popular masternodes are too expensive and that's what I like but I have no capacity.

With the lower tier masternodes, be careful because there are projects that are using this algo and strategy to scam investors. It's good if you are doing it for the experience but still you need to be aware of potential scams and DYOR as usual.

Masternodes are bringing you some dividends, but I do not see a point in running a masternode that brings you several dollars per day. The only masternode that brings real dividends is the Dash masternode, but you also need to invest like 100k dollars first.

I have been seeing this sentence - Master node, pop up online but I don't really understand what it means exactly. So in this method what you're going to do is find a wallet that stakes coins and then buy coins and store in that wallet and that's it? You start receiving rewards from the Blockchain? I have also been hearing about staking coins, and I have seen a wallet that rewards people for saving their coins for a year, you get a little percentage… Seems like it is 3% or so. I really need to do some research abort these things though.

We need to spend some money for VPS which is making us to spend out side the crypto space. In my opinion POS concept must be good for the reason of KEEPING all our spending within crypto. I mean for the money we need to spend for VPS under masternode concepts, we may buy some more coins in POS environment. Now, tell me which one got chances to be successful in long run?

the only one that was successful long run was DASH because it's masternode was worth $100,000 or more in value at the All time high of crypto in 2017
1,000 dash coins x (price of coin) = $VALUE OF YOUR MASTERNODE

https://twitter.com/setupmasternode/status/1204060312447664128

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