We can now get a master nodes. They are also active in telegram to talk about on how to setup. Really amazing. We can choose a token here. center] [/center] Yes. Thank you so much for your kind words. We currently support all these coins for the set up of a Masternode and feel free to request a new coin in our telegram! Link >>> t.me/setupmasternodesgreat photo to share! Thank you m8
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We are getting a decent amount of activity!
Thanks to everyone joining telegram, and participating in the discussions
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Each seems to have it's purpose and the choice varies on Coin Fundamentals, Upfront Investment, Network Hashrate, Mining Difficulty.
Cloud Mining (assuming sites like Hashflare, Genesis Mining) * Probably the least desirable and the most risky, but if you can get a cheap contract (lifetime one) then you good in terms of returns.
POS/MN * Proof of Stake is easiest to setup technically * Masternode can be a pain to get working. * For me, you need to be able to get into the coin early to see real benefits, otherwise you're competing to maintain your "network weight" all the time. * It also requires an investment front up. * Another aspect that is very important is that MN/POS is not flexible because once you buy into the coin, you're stuck with it until you sell it. This as opposed to hardware (maybe cloud) mining where you still have a choice afterwards.
Hardware * Hardware is the least risky of the three options. * You can go the ASIC or the GPU route. * You own the hardware asset in the end. This is an underrated aspect * Requires investment, but this is less risky than a POS investment. GPUs can do gaming if crypto fails LOL. * The yields on hardware mining vary depending on how deep you are in and the difficulty of the blockchain. Personally, I put it as higher than POS/MN generally (except Dash and maybe Linda) * Hardware is most flexible as you can switch the coin you want to mine (even ASICS).
Rental Based Mining (not listed as an option, assuming sites like Nicehash) * Slightly more risky than hardware mining because of its nature (sending someone coin to mine on your behalf) * I think more expensive than Cloud and Hardware. Could be wrong. * More flexible than cloud/POS because you have choice of rig (and therefore algo) * Yields a nice return on new coins (early blockchain)
this is one of the most powerful posts ive seen yet about the topic. Thanks for sharing your thoughts.
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Poll is getting some activity
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Thank you for sharing, Adam! I would like to personally Thank our first customer, Leo. This "Cheat Sheet" idea originated from his suggestion after we completed his services.
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Considering the initial $50 offer is to help the team fine tune their service so far I'm very impressed. April 14 payment $50 - Friday April 15 setup - Saturday April 16 first payment - Sunday ION For those new to masternodes know that your collateral coins never leave your wallet. Part of the setup process is the configuration of a remote VPN. Once done all you do is change your root password and bingo your 100% secure. Thank you for the feedback. We are always looking at feedback to improve where it benefits our customers. Re: part of the setup process. I believe you mean the "remote VPS" instead of VPN. The Remote VPS is what runs the operations of mining tasks. For non-related topics: VPN is private network connection (for IP masking) In terms of running your VPS and collateral required by your selected masternode: you are responsible to buy your own coins. Yes, you can buy this anywhere, and we do not even need access to it. The plan here is to make this service, hands on, in our consultative approach. OOPs yes I mean remote VPS not a worry! We appreciate your input.
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Considering the initial $50 offer is to help the team fine tune their service so far I'm very impressed. April 14 payment $50 - Friday April 15 setup - Saturday April 16 first payment - Sunday ION For those new to masternodes know that your collateral coins never leave your wallet. Part of the setup process is the configuration of a remote VPN. Once done all you do is change your root password and bingo your 100% secure. Thank you for the feedback. We are always looking at feedback to improve where it benefits our customers. Re: part of the setup process. I believe you mean the "remote VPS" instead of VPN. The Remote VPS is what runs the operations of mining tasks. For non-related topics: VPN is private network connection (for IP masking) In terms of running your VPS and collateral required by your selected masternode: you are responsible to buy your own coins. Yes, you can buy this anywhere, and we do not even need access to it. The plan here is to make this service, hands on, in our consultative approach.
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How is the social send team doing? any new changes or updates coming?
Yes buddy. Release of the public beta-version of the platform (now the platform is being tested by team members) and the iOS wallet.. and something else.. stay tuned exciting stuff! great news! I will help where I can! Like this: http://coinmarketbusiness.com/social-send
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The current market update for BitSend community updates
Market Cap $12,559,820 USD 1,554 BTC
Volume (24h) $241,711 USD 29.90 BTC
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Right now, when crypto is still quite depressed, I would say that masternodes is the best of these because it is essentially a buy-and-hold strategy. You get the benefit of appreciation and "dividend" yields. Also - not to be discounted - a MN investment is always liquid, so you can exit the position if you need to much faster than HW mining (ebay) or cloud mining contracts (nothing). To clarify, I'm only talking about masternodes in high quality MN coins like DASH, PIVX, BitSend, Diamond, Crown, NAV. Right now there are so many ridiculous MN coins that will never ROI. If the coin goes to zero, you make very little. If it pops back up as Dash will and PIVX already is, then you do well.
I agree that MN has some future
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Sharing current market insight for the BLOCKNET community:
Market Cap: $92,065,083 USD (11,391 BTC) Volume (24h): $379,226 USD (46.92 BTC)
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Sharing current market insight for the TX community:
Market Cap: $10,277,816 USD (1,271 BTC) Volume (24h): $412,061 USD (50.96 BTC)
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Sharing current market insight for the PURA community:
Market Cap: $55,923,782 USD (6,916 BTC) Volume (24h): $2,654,740 USD (328.30 BTC)
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https://masternodes.online/currencies/GBX/Today, 898 active masternodes (73% of current supply) in the network, and monthly income stays around $900. Impressive statistics during the harsh period for masternode coin. thanks for the updates
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How is the social send team doing? any new changes or updates coming?
Yes buddy. Release of the public beta-version of the platform (now the platform is being tested by team members) and the iOS wallet.. and something else.. stay tuned exciting stuff!
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anyone have any luck with their MN?
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Once again, another valuable podcast!
I was tuned into the first 15 minutes, and had to go. This is a podcast you don't want to miss... dash nation.
Keep it up, Core Devs!
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