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jdlr (OP)
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August 19, 2017, 03:59:04 PM
 #1

It's been mentioned many times on the forum, but I cannot find information about Masternodes.

What are they ?

Are they a special software / hardware ?

Do you need initial investment to own one ?

What are the benefits of having a masternode ?
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August 19, 2017, 05:29:50 PM
 #2
To put it simply, a masternode is where you can generate yield just by holding a certain specific amount of cryptocurrency. Sort of like mining, but without all that hardware expenses. A good example would be DASH, whereas you would need 1000(correct me if I'm wrong) DASH in a local wallet. So to answer your question, yes you need an initial investment to run a masternode.
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jdlr (OP)
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August 19, 2017, 05:34:59 PM
 #3
And what is the process after owning those 1000 dash?


Do you have to keep the wallet connected online all the time ?

How much would you get paid if you own a masternode?

Is it more profitable than staking your coins?
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August 20, 2017, 03:47:42 AM
 #4
That's DASH. This forum is for Bitcoin. I think you will get better answers if you ask in a DASH forum such as https://www.dash.org/forum/
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