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Author Topic: Can anyone kindly explain how does running a DASH MasterNode helps you to profit  (Read 468 times)
biggbox
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July 11, 2017, 01:33:36 PM
 #1

Hi. There is a concept of MasterNode in DASH whereby you need 1000 DASH and run a DASH processing node. And supposedly you can profit from it.

I don't understand how it works. Does extra DASH appear in your wallet magically or something like that?

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RandomEvent
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July 11, 2017, 09:03:01 PM
 #2

you receive a percentage of the transaction fees. Which overtime as the coin rises can become significant.
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July 11, 2017, 09:14:00 PM
 #3

you receive a percentage of the transaction fees. Which overtime as the coin rises can become significant.

As RandomEvent said, you are rewarded for contributing to the network via tx fees. These show up in your wallet as a sort of recurring payment over time.

cryptohunter
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July 11, 2017, 10:24:24 PM
 #4

its a scam coin move on to something else

try  pivX

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biggbox
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July 12, 2017, 10:02:55 AM
 #5

you receive a percentage of the transaction fees. Which overtime as the coin rises can become significant.

As RandomEvent said, you are rewarded for contributing to the network via tx fees. These show up in your wallet as a sort of recurring payment over time.

you receive a percentage of the transaction fees. Which overtime as the coin rises can become significant.

Thank you darkendsoul and RadomEvent. So it makes  more sense now. Smiley

its a scam coin move on to something else

try  pivX

Why do you say Dash is a scam coin ?

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qwizzie
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July 12, 2017, 10:26:54 AM
 #6

45% of each blockreward goes to masternodes
45% of each blockreward goes to miners
10% of each blockreward goes to Dash decentralized budget.

To see what this means in profit terms : https://dash-news.de/dashtv/

Keep in mind the VPS server will have renting costs (approx $10  per month) and will need monitoring and maintenance / updating when necessary.

Basicly the network rewards the masternodes for providing important services for the network
(Instantsend, Privatesend, block propagation, etc ).
It rewards masternodes in Dash directly from the blockchain every 8 days with a few conditions tied to it (masternode needs to be active and it's collateral intact).

By the way, everybody is entitled to their own opinion but most of the people that are calling Dash a scam coin turns out to be people heavily involved in trolling other coins to promote their own coin. FYI

Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now
biggbox
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July 12, 2017, 10:31:53 AM
 #7

45% of each blockreward goes to masternodes
45% of each blockreward goes to miners
10% of each blockreward goes to Dash decentralized budget.

To see what this means in profit terms : https://dash-news.de/dashtv/

Keep in mind the VPS server will have renting costs (approx $10  per month) and will need monitoring and maintenance / updating when necessary.

Basicly the network rewards the masternodes for providing important services for the network
(Instantsend, Privatesend, block propagation, etc ).
It rewards masternodes in Dash directly from the blockchain every 8 days with a few conditions tied to it (masternode needs to be active and it's collateral intact).

By the way, everybody is entitled to their own opinion but most of the people that are calling Dash a scam coin turns out to be people heavily involved in trolling other coins to promote their own coin. FYI


Thanks! Very informative.

1000 Dash coin is a very high cost in fiat terms.. May need to skip this idea...

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qwizzie
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July 12, 2017, 07:16:07 PM
 #8

45% of each blockreward goes to masternodes
45% of each blockreward goes to miners
10% of each blockreward goes to Dash decentralized budget.

To see what this means in profit terms : https://dash-news.de/dashtv/

Keep in mind the VPS server will have renting costs (approx $10  per month) and will need monitoring and maintenance / updating when necessary.

Basicly the network rewards the masternodes for providing important services for the network
(Instantsend, Privatesend, block propagation, etc ).
It rewards masternodes in Dash directly from the blockchain every 8 days with a few conditions tied to it (masternode needs to be active and it's collateral intact).

By the way, everybody is entitled to their own opinion but most of the people that are calling Dash a scam coin turns out to be people heavily involved in trolling other coins to promote their own coin. FYI


Thanks! Very informative.

1000 Dash coin is a very high cost in fiat terms.. May need to skip this idea...

You can also look into setting up a shared masternode with other community members, that way you are personally not bound to that 1000 Dash
collateral.

link : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885

There is a catch though, most of these are "trusted" hosting providers meaning you have to trust them with your Dash. But on the other hand
these are all respectable community members (some are even core-team members) with a reputation to uphold.

A trustless solution will come at some point with Dash Evolution through decentralized masternode shares but that will take time before it will hit Mainnet,
it will be something to keep an eye on though.

link : https://www.youtube.com/watch?v=4GRrLiTCq5M
  


Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now
biggbox
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July 17, 2017, 03:50:38 PM
 #9

45% of each blockreward goes to masternodes
45% of each blockreward goes to miners
10% of each blockreward goes to Dash decentralized budget.

To see what this means in profit terms : https://dash-news.de/dashtv/

Keep in mind the VPS server will have renting costs (approx $10  per month) and will need monitoring and maintenance / updating when necessary.

Basicly the network rewards the masternodes for providing important services for the network
(Instantsend, Privatesend, block propagation, etc ).
It rewards masternodes in Dash directly from the blockchain every 8 days with a few conditions tied to it (masternode needs to be active and it's collateral intact).

By the way, everybody is entitled to their own opinion but most of the people that are calling Dash a scam coin turns out to be people heavily involved in trolling other coins to promote their own coin. FYI


Thanks! Very informative.

1000 Dash coin is a very high cost in fiat terms.. May need to skip this idea...

You can also look into setting up a shared masternode with other community members, that way you are personally not bound to that 1000 Dash
collateral.

link : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885

There is a catch though, most of these are "trusted" hosting providers meaning you have to trust them with your Dash. But on the other hand
these are all respectable community members (some are even core-team members) with a reputation to uphold.

A trustless solution will come at some point with Dash Evolution through decentralized masternode shares but that will take time before it will hit Mainnet,
it will be something to keep an eye on though.

link : https://www.youtube.com/watch?v=4GRrLiTCq5M
 



That is a great idea. I did not think of searching for this. Shared master node. Thanks. Will look into it. Any recommendations?

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Winner88
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July 17, 2017, 05:59:48 PM
 #10

There are also cheaper options like Chain Coin master nodes.. you only nee 1000 chaincoins (currently $4100 ) and the payout is daily, currently at about $5 a day.
Chaincoin has probably the biggest and best community in cryptoland
 More information here https://chc.masternodes.pro/
qwizzie
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July 17, 2017, 06:36:45 PM
 #11

45% of each blockreward goes to masternodes
45% of each blockreward goes to miners
10% of each blockreward goes to Dash decentralized budget.

To see what this means in profit terms : https://dash-news.de/dashtv/

Keep in mind the VPS server will have renting costs (approx $10  per month) and will need monitoring and maintenance / updating when necessary.

Basicly the network rewards the masternodes for providing important services for the network
(Instantsend, Privatesend, block propagation, etc ).
It rewards masternodes in Dash directly from the blockchain every 8 days with a few conditions tied to it (masternode needs to be active and it's collateral intact).

By the way, everybody is entitled to their own opinion but most of the people that are calling Dash a scam coin turns out to be people heavily involved in trolling other coins to promote their own coin. FYI


Thanks! Very informative.

1000 Dash coin is a very high cost in fiat terms.. May need to skip this idea...

You can also look into setting up a shared masternode with other community members, that way you are personally not bound to that 1000 Dash
collateral.

link : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885

There is a catch though, most of these are "trusted" hosting providers meaning you have to trust them with your Dash. But on the other hand
these are all respectable community members (some are even core-team members) with a reputation to uphold.

A trustless solution will come at some point with Dash Evolution through decentralized masternode shares but that will take time before it will hit Mainnet,
it will be something to keep an eye on though.

link : https://www.youtube.com/watch?v=4GRrLiTCq5M
  



That is a great idea. I did not think of searching for this. Shared master node. Thanks. Will look into it. Any recommendations?

I suggest you look into Splawik`s Super Shares Service (Hosting / Pooling)

I had some good personal contact with Splawik and he recentely went public with his identity.
link : https://www.youtube.com/watch?v=fkwVogWMIV4&t=77s&index=23&list=PLiFMZOlhgsYJPIiG0bjT1_SuT5h7NqPCC

Also i suggest you compare the costs they charge you for using their services, compare them with each other.

Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now
cryptohunter
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July 17, 2017, 06:39:24 PM
 #12

Go pivX over dash thank me later

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