Mining is OUTDATED!!!

[tayyabdar]

Does anyone have knowledge about MasterNode?
As i have listened that this technology doesn't need mining and will generate coins by itself without any mining.

I have invested in OUICOIN which is based on this technology and will be on exchange in June/July.
https://ouicoin.io/
If some know about it, do visit the website and let me know if it works or not?

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[ronnylov]

There are a lot of coins that can be mined that also have masternodes. Best way to get hold of coins that are not yet listed on an Exchange is by mining. I don't like ICO or preselling because I have no idea of the value when or if it eventually get listed on an Exchange. But with mining I can get a feeling of the value of a coin. If I get a certain number of coins for my hashrate I can compare the value of other coins using the same hashrate of mining and this way I can get a rough estimation of the value on the market even without a listing on an Exchange. I don't even have to own the mining Equipment, I can make the calculations if the coin is minable and there is a block Explorer that shows me the nethash.

I do both, I have masternodes and I do mining. I have to invest more to get the same amount of coins from a masternode but if the value of the coins on the market increase I can get more reward from the masternode than from mining. What I mean is that masternode earnings difficulty often increase slower than mining difficulty. When number of masternodes increase the rewards of each masternode decrease. But if it is more expensive to buy the masternode not as many new inverstors can afford it.

Yes I think masternodes are good but only as a complement to mining.

[Pickle-Rick]

Yes I think masternodes are good but only as a complement to mining.

Yea. Mining still has a long was to go yet. It might be outdated in 2-3 years time, but not just yet. As it is masternodes I agree are a compliment to mining and should not be thought of as a replacement.