Have you tried setting up a Masternode?

[adamgilbert912]

Curious to know people's past experiences or non-experiences with Masternodes.

The Setupmasternodes.com team is excited to teach those who are interested in how to set up a masternode!

They'll provide you with one-on-one support over the phone or through messaging until your MN is up and running!

They now provide Masternode Hosting as well!

Official Thread >>> https://bitcointalk.org/index.php?topic=3213738.0
Official Telegram >>> t.me/setupmasternodes

[1714820721]

1714820721

[1714820721]

1714820721

[FrankWatsonJr]

I think people just need the right directions for a masternode with someone knowledgeable

[deeofficialx]

No, but surely, I am interested. Some of my coins (and tokens to be swapped in to a coin) has that feature, but because of I am just a baby in this crypto, still want to know more. Do you have any particular reference about masternode?

[Herbert2020]

no and i used to be interested in it but with some calculations i figured that the risks are way too high for me to want to consider doing something like that. i prefer investing my money in trading and making a lot more profit with a lot less risk instead.

the risks is with the highly volatile market of altcoins. most of them will drop hard and that means investing a large amount of money in a master node can potentially lead to a huge loss. and i can't just shut down my master node at any time i want and turn it on again later, in trading i can dump at any moment and buy back at any moment that i like and see fit based on the market movement.

[FrankWatsonJr]

No, but surely, I am interested. Some of my coins (and tokens to be swapped in to a coin) has that feature, but because of I am just a baby in this crypto, still want to know more. Do you have any particular reference about masternode?

which are you interested in so far?

what references are you searching for?

[adamgilbert912]

no and i used to be interested in it but with some calculations i figured that the risks are way too high for me to want to consider doing something like that. i prefer investing my money in trading and making a lot more profit with a lot less risk instead.

the risks is with the highly volatile market of altcoins. most of them will drop hard and that means investing a large amount of money in a master node can potentially lead to a huge loss. and i can't just shut down my master node at any time i want and turn it on again later, in trading i can dump at any moment and buy back at any moment that i like and see fit based on the market movement.

It doesn't take long to unlock your coins. What MN coins have you looked into?

[Xelpherpolis]

I would be interested to know more about this. Any knowledgeable people? What investments are needed to start?

[adamgilbert912]

I would be interested to know more about this. Any knowledgeable people? What investments are needed to start?

That's great! I've set up masternodes myself in the past.

There's really only two investments you need to make:


1. Buying the amount of coins required to set up a coin's Masternode.
2. Pay the monthly fee for a VPS (It's not much. Only $5 per month).

Here's a great website with a list of Masternode coins that you can look into >>> masternodes.online

Lastly, if you need help setting it up, there's two options you can take:

1. Ask around a coin's community for help.
2. There's a service called Setup Masternodes that provides 1-on-1 support over the phone or through messaging until your MN is set up. They get it done in as little as 1 hour.

Here's a link to their Bitcointalk thread >>> https://bitcointalk.org/index.php?topic=3213738.0

I wish the best of luck to you in the process! Feel free to ask more questions.

[FrankWatsonJr]

These types of resources are really helpful for the masternode community. Thank you for sharing.

I am glad you've had your own masternode setup too. It isn't too bad after all. However, most people get stuck and do not know where to get started

I would be interested to know more about this. Any knowledgeable people? What investments are needed to start?

That's great! I've set up masternodes myself in the past.

There's really only two investments you need to make:


1. Buying the amount of coins required to set up a coin's Masternode.
2. Pay the monthly fee for a VPS (It's not much. Only $5 per month).

Here's a great website with a list of Masternode coins that you can look into >>> masternodes.online

Lastly, if you need help setting it up, there's two options you can take:

1. Ask around a coin's community for help.
2. There's a service called Setup Masternodes that provides 1-on-1 support over the phone or through messaging until your MN is set up. They get it done in as little as 1 hour.

Here's a link to their Bitcointalk thread >>> https://bitcointalk.org/index.php?topic=3213738.0

I wish the best of luck to you in the process! Feel free to ask more questions.

[adamgilbert912]

These types of resources are really helpful for the masternode community. Thank you for sharing.

I am glad you've had your own masternode setup too. It isn't too bad after all. However, most people get stuck and do not know where to get started

Yeah it sure can be tough! It was totally worth setting one up in the end though.

[Kang TB]

personally i like to invest and trade masternodes cryptocurrency
but did not tried to setting up a masternodes,
because in my opinion trading is more profitable then setting up a masternodes mate

[Andrey123]

I'm all going to do it, but I'll have to put the master on the Rapsberry, and there's no purse for this system.

And as I read on one master, I need a separate IP address and do not start a few pieces(

[adamgilbert912]

personally i like to invest and trade masternodes cryptocurrency
but did not tried to setting up a masternodes,
because in my opinion trading is more profitable then setting up a masternodes mate

How come?

[FrankWatsonJr]

I'm all going to do it, but I'll have to put the master on the Rapsberry, and there's no purse for this system.

And as I read on one master, I need a separate IP address and do not start a few pieces(

I really like the Raspberry Pi idea to run a masternode. Do you have any reservations as to why you will not host a VPS?

[haidangtp]

Fortunately my first Masternode setup did not have much trouble. I got the help of a development team and a friend of mine. Very fast and smooth.

[Herbert2020]

no and i used to be interested in it but with some calculations i figured that the risks are way too high for me to want to consider doing something like that. i prefer investing my money in trading and making a lot more profit with a lot less risk instead.

the risks is with the highly volatile market of altcoins. most of them will drop hard and that means investing a large amount of money in a master node can potentially lead to a huge loss. and i can't just shut down my master node at any time i want and turn it on again later, in trading i can dump at any moment and buy back at any moment that i like and see fit based on the market movement.

It doesn't take long to unlock your coins. What MN coins have you looked into?

it is not about the time it takes to unlock your coins. it might as well be an instant (which is not) and still doesn't change the fact that it is a risky thing. it is about all the lost opportunities and all the lost profit that i could have made if i hadn't done that.

you waste a lot of time setting up a master node, then waste a lot of time locking your money in something that falls down hard.
meanwhile others are jumping from altcoin to altcoin that is getting pumped every day and make at least 100% profit every day with each pump. what are you doing? you have your money locked up!

[pootutus]

A few years ago I had an opportunity to build a DASH main node, with only 1000 coins and DASH at $1. I'm sorry I didn't go, and now the price of DASH has reached $500. So I think if we have the chance to make a master node, we must do it at once.

[voteformeg]

a lot off people regret not buying a masternode for DASH , most masternodes aren't easy to set up , today i found a new coin , neoscrypt which promise to set up masternodes up with one click , could be good to try and play with masternodes

/bitcointalk.org/index.php?topic=3573842.msg36443466#msg36443466

for myself i most buy or mine the coins needed for a masternode and put them on stick for better times

[adamgilbert912]

A few years ago I had an opportunity to build a DASH main node, with only 1000 coins and DASH at $1. I'm sorry I didn't go, and now the price of DASH has reached $500. So I think if we have the chance to make a master node, we must do it at once.

Totally agree with this. Masternodes have so much opportunity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

[sunnydmd]

Curious to know people's past experiences or non-experiences with Masternodes.

I did try, but I think it is too hard and dangerous for people who did not know anything yet. not too hard, but definitely not easy for everyone. specially when you're dealing with big amount of money.
so I did not try it again anymore.

[adamgilbert912]

Curious to know people's past experiences or non-experiences with Masternodes.

I did try, but I think it is too hard and dangerous for people who did not know anything yet. not too hard, but definitely not easy for everyone. specially when you're dealing with big amount of money.
so I did not try it again anymore.

Check out setupmasternodes.com! They'll guide you with 1-on-1 support over the phone or through messaging on how to set up the Masternode of our choice. They can take that pressure off of you on how to set it up correctly. You can check out their reviews on their thread and on CoinPayments.

Official Thread: https://bitcointalk.org/index.php?topic=3213738.0
Official Telegram: t.me/setupmasternodes

[Xelpherpolis]

I would be interested to know more about this. Any knowledgeable people? What investments are needed to start?

That's great! I've set up masternodes myself in the past.

There's really only two investments you need to make:


1. Buying the amount of coins required to set up a coin's Masternode.
2. Pay the monthly fee for a VPS (It's not much. Only $5 per month).

Here's a great website with a list of Masternode coins that you can look into >>> masternodes.online

Lastly, if you need help setting it up, there's two options you can take:

1. Ask around a coin's community for help.
2. There's a service called Setup Masternodes that provides 1-on-1 support over the phone or through messaging until your MN is set up. They get it done in as little as 1 hour.

Here's a link to their Bitcointalk thread >>> https://bitcointalk.org/index.php?topic=3213738.0

I wish the best of luck to you in the process! Feel free to ask more questions.

Thanks for the reply. And what problems you may encounter when you start masternode? After all, to get a profit you need to analyze the coins and choose the most profitable.

[bluesmoke]

I have never tried master nodes because it costs my wallet. I read some articles that says master nodes are worth using in most cases.

[CrypticGambit]

Yes, my friends have tried setting up a master node. They succeded and had some huge gainz so they went greedy and they started creating new ones instead of selling. Guess what? Those master nodes are worth 0 now.

[adamgilbert912]

Yes, my friends have tried setting up a master node. They succeded and had some huge gainz so they went greedy and they started creating new ones instead of selling. Guess what? Those master nodes are worth 0 now.

That doesn't mean masternodes are a bad investment... Doing your research is SUPER important to invest in a good quality coin and team. Also, all coins were subject to the huge downward market movement from January to March/April.

[Suslived]

Echoing, the majority of vote responses, i'm also interested but haven't tried masternodes. I'm guessing that if you have a GPU mining rig that is already turned on 24/7 then a masternode could be a nice way to boost profits. The only barrier to entry is the high amount of coins you will need to have.

[SetupMasternodes]

Echoing, the majority of vote responses, i'm also interested but haven't tried masternodes. I'm guessing that if you have a GPU mining rig that is already turned on 24/7 then a masternode could be a nice way to boost profits. The only barrier to entry is the high amount of coins you will need to have.

Masternodes are the heart of growth when it comes to community engagement. Many people are missing the value add when it comes to owning a masternode. You don't have to count on developers only to participate

[coremind]

I've set up a few they can be pretty lucrative, if you link into the right one. Most of the decent ones have a good guide as well as a lot of community support for setting them up. Just a word of caution, either buy early set up a few then dump them or be patient and wait until they stabilize then buy your node. Do your research check Team,community,liquidity and github(to see if the dev is/has been part of any other scam coins). Dont be afraid to try setting one up think of it as another way to make income from crypto.   

[adamgilbert912]

I've set up a few they can be pretty lucrative, if you link into the right one. Most of the decent ones have a good guide as well as a lot of community support for setting them up. Just a word of caution, either buy early set up a few then dump them or be patient and wait until they stabilize then buy your node. Do your research check Team,community,liquidity and github(to see if the dev is/has been part of any other scam coins). Dont be afraid to try setting one up think of it as another way to make income from crypto.   

Exactly. You've clearly got some experience with them. Some great points here.

[adamgilbert912]

I have never tried master nodes because it costs my wallet. I read some articles that says master nodes are worth using in most cases.

Yes! Masternodes are great for private sending, instant transactions, and decentralized governance for a coin's network.

[elosi]

I have never tried it for the first and I don't really know much about masternode and it's setting up, I will do some research to learn more about it and see if it is something I can be interested in, in the future.

[adamgilbert912]

I have never tried it for the first and I don't really know much about masternode and it's setting up, I will do some research to learn more about it and see if it is something I can be interested in, in the future.

Yeah it's really something you should look into. There's TONS of opportunity with Masternode coins and earning passive income by running one isn't bad either 

If you need guidance or help learning how to set up Masternode this is a great service that can help: https://bitcointalk.org/index.php?topic=3213738

[SetupMasternodes]

I've set up a few they can be pretty lucrative, if you link into the right one. Most of the decent ones have a good guide as well as a lot of community support for setting them up. Just a word of caution, either buy early set up a few then dump them or be patient and wait until they stabilize then buy your node. Do your research check Team,community,liquidity and github(to see if the dev is/has been part of any other scam coins). Dont be afraid to try setting one up think of it as another way to make income from crypto.   

What coins have you tried?  Thanks for following up with some input about the different parts of researching a masternode coin

[Trollinator]

Planning to, but will ask a pro to do it for me.

[bornMercurial]

Personally, I have never tried a master node because of the cost of my wallet. I read some articles that say the master node is worthy of use in many cases. And I also do not know much about the methods and settings, but I will do some research to learn more about it and see if it's something I can be interested in, in the future.

[SwissBoo]

Personally, I have never tried a master node because of the cost of my wallet. I read some articles that say the master node is worthy of use in many cases. And I also do not know much about the methods and settings, but I will do some research to learn more about it and see if it's something I can be interested in, in the future.

this seems to be the most common reason

[adamgilbert912]

Planning to, but will ask a pro to do it for me.

What pro? Setupmasternodes.com?

[SwissBoo]

bump

[Akeeto]

ive never tried this before.. but im interested in knowing what its about.. like how much can one earn from it?? and is it worth the hustle

[Denlv]

No im not tried  but i hear about that very much and i think in future i try,first i hear about masternode from tierion  project its most promising masternode where i get i think...what u think about tierion masternode?

[adamgilbert912]

ive never tried this before.. but im interested in knowing what its about.. like how much can one earn from it?? and is it worth the hustle

I believe it's worth the setup process. Masternodes have a lot of opportunity to prevelant in the future with features like decentralized governance, instant transactions, private transactions, and mining coins without the hardware costs.

The return on investment depends on which coin you choose to set up a Masternode for. You can see all the Masternode coins here: masternodes.online

If you need help setting up a Masternode there's a helpful service you can try here: https://bitcointalk.org/index.php?topic=3213738

Good luck!

[EmmanCryp]

I'v always lived masternides for long now but I'v not been able to acquire one because of the coins MN that I really like being EXPENSIVE or I don't have time to setup the MN. Anyways masternodes are good source of passive income. The important thing is to buy when the coin is still cheap and has not pumped or buy when it has dumped  wey well

[SwissBoo]

The #1 feedback we hear is that it takes a lot of work. does others feel this way?

[SetupMasternodes]

bump https://medium.com/@blockchain_team/how-to-launch-a-vps-and-start-a-tierion-chainpoint-node-9419cba4e96b

[SwissBoo]

bump https://medium.com/@blockchain_team/how-to-launch-a-vps-and-start-a-tierion-chainpoint-node-9419cba4e96b

This is more of a reason people can look at other masternodes

[adamgilbert912]

I'v always lived masternides for long now but I'v not been able to acquire one because of the coins MN that I really like being EXPENSIVE or I don't have time to setup the MN. Anyways masternodes are good source of passive income. The important thing is to buy when the coin is still cheap and has not pumped or buy when it has dumped  wey well

There's a pretty wide range in the prices of Masternodes. I agree some are crazy expensive, but there are some good masternodes that are affordable too. You can find all the Masternode coins here >>> masternodes.online

[SwissBoo]

keep the feedback coming folks

[adamgilbert912]

keep the feedback coming folks

Agreed. Would love to hear would everyone thinks.

[SwissBoo]

We are getting a lot of questions coming into our telegram chat.

Join us! https://t.me/setupmasternodes

[NghiVeU23]

There are not many people know or understand about Masternodes. Setting up a masternode is easy if we use VPS. Who want to use masternode, they have to learn about it and to know how to control it by themself.

[SwissBoo]

There are not many people know or understand about Masternodes. Setting up a masternode is easy if we use VPS. Who want to use masternode, they have to learn about it and to know how to control it by themself.

that is why the Crypto Dragons will help them out with their Masternode Setup!  SetupMasternodes.com

[adamgilbert912]

There are not many people know or understand about Masternodes. Setting up a masternode is easy if we use VPS. Who want to use masternode, they have to learn about it and to know how to control it by themself.

I totally agree with you. Learning how to take care of their Masternode by yourself is crucial. That's why setupmasternodes.com is there to teach you.

[SwissBoo]

bump

[adamgilbert912]

Let us know about your experience!

[SetupMasternodes]

bump

[adamgilbert912]

I've tried setting up a Masternode, have you?

[SetupMasternodes]

many people are interested but do not know how.

[muvie]

Yes, I have setup some masternodes in the last months. It was a pain every time, because most guides are not very well and you need to have good Unix skills.

Masternodes I am running: Innova (2x) and SMART (1x).

[SetupMasternodes]

Published on Reddit: https://www.reddit.com/r/altcoin/comments/8knrfq/do_you_need_help_with_masternodes_setup_or/

[adamgilbert912]

Yes, I have setup some masternodes in the last months. It was a pain every time, because most guides are not very well and you need to have good Unix skills.

Masternodes I am running: Innova (2x) and SMART (1x).

Interesting. Have you taken a look at this thread? >>> https://bitcointalk.org/index.php?topic=3213738.0

[Prosperityforall]

I've never tried, but I really want to. What do you think about solaris masternode? It is not that expensive and futhermore solaris coin is currently on low price level, so price for masternode is reasonable and price for coin has potential for growth

[SwissBoo]

I've never tried, but I really want to. What do you think about solaris masternode? It is not that expensive and futhermore solaris coin is currently on low price level, so price for masternode is reasonable and price for coin has potential for growth

I think Solaris has some potential long term because of their dev team. We still have not considered supporting it yet. We'll check it out some more

[SetupMasternodes]

we are open to look at other coins

[adamgilbert912]

I've never tried, but I really want to. What do you think about solaris masternode? It is not that expensive and futhermore solaris coin is currently on low price level, so price for masternode is reasonable and price for coin has potential for growth

True. You can find all the masternode coins here: masternodes.online

[SetupMasternodes]

new announcements coming

[adamgilbert912]

new announcements coming

Exciting stuff!

[SwissBoo]

bump

[adamgilbert912]

let us know!

[SwissBoo]

bump up the volume

[adamgilbert912]

bump up the volume

yes would love to hear what people think

[inillo]

 I am interested in masternodes for sure, some of my coinshave that possibility and feature, but because of I am not very knowledgeable on crypto, still want to know more.

[adamgilbert912]

I am interested in masternodes for sure, some of my coinshave that possibility and feature, but because of I am not very knowledgeable on crypto, still want to know more.

Join the Setup Masternodes Telegram!

You can ask questions any questions you like.

Telegram: t.me/setupmasternodes

[HALLASTERA]

I had troubles but I solved them. I think install masternode is not a hard but problem with size. Need some solutions for blocksize or blockchain size or size for masternode.

[adamgilbert912]

I had troubles but I solved them. I think install masternode is not a hard but problem with size. Need some solutions for blocksize or blockchain size or size for masternode.

Interesting. Glad you solved those problems.

[fromnicetoevil]

Not at all. I am no interested in projects that have masternodes because I believe that these coins are scams. They offer masternodes because they are trying to get people to buy a lot of the coins at a time which means more money for them. i don't trust them.

[markieeeloy]

Yes I have tried on setting up a masternode and it was easy, you just need to follow up the instructions given and you are good to go. Furthermore, before you setup masternode, you needed this two: buy the amount of the required masternode. You must buy the specific exact amount required to set up the masternode. It really cost a fortune to gather huge amount of coin, just to setup masternode. But in return, you get a good ROI. Just make sure to choose the legit coin. And second, is you need to purchase a monthly vps worth 5$, you needed this to keep your masternode up and running in a virtual server 24/7 rather than running it on your personal computer. In just 5$ you can surely gain profit without using too much electricity bill and internet connectivity in your house.

[adamgilbert912]

Not at all. I am no interested in projects that have masternodes because I believe that these coins are scams. They offer masternodes because they are trying to get people to buy a lot of the coins at a time which means more money for them. i don't trust them.

Not all are scams... If you do your research you can find solid masternode projects like DASH, zcoin, pivx, zcoin qbic, innova, and smartcash

[SetupMasternodes]

https://i.imgur.com/eWt5v8z.png

[adamgilbert912]

Great image!

[HichemFetoui]

no, but i think it's not very hard to make it just follow the instruction and all will be alright good luck and make sure to pick the right masternode bro alot of them are scam

[bit-freedom]

Yes, I have successfully set up a few masternodes. There are guides contributed by the community around for the quite a number of projects and it is easy to follow. It take an hour or two but the experience was fun and satisfying after I managed to set up.

[blo8i]

There are some masternodes guides by @Marsmensch (on twitter), you can google search for them, they are free. Really good info.

[adamgilbert912]

There are some masternodes guides by @Marsmensch (on twitter), you can google search for them, they are free. Really good info.

Have you used them to set up Masternodes already?

[deepcryptomine]

Curious to know people's past experiences or non-experiences with Masternodes.

The Setupmasternodes.com team is excited to teach those who are interested in how to set up a masternode!

They'll provide you with one-on-one support over the phone or through messaging until your MN is up and running!

They now provide Masternode Hosting as well!

Official Thread >>> https://bitcointalk.org/index.php?topic=3213738.0
Official Telegram >>> t.me/setupmasternodes

It is quite easy to set up a masternode. I have four running. I checked out your site but it is quite expensive for me. What I need is just cheap hosting servers. By the way I run all my masternodes from my home machine.

[G14tz87]

Masternode is a new way taken by some circles to gain satisfactory results in obtaining digital coins. By way of masternode people will get an abundant advantage.
Most recently, Harvestcoin, which opened the masternode service for digital coin collectors. In this article I will inform you about the basic guidelines on how to install a method for HarvestCoin.
Open and run HARVEST wallet for the first time. In the lower left corner of the user's wallet, you'll see "Synchronizing with network" and other sync messages every time you open Wallet. If there is a problem synced, there may be the word "No Block Source Available". If this happens, simply close and reopen the wallet until it is synchronized.

[trrewqs]

Lately, I'm more and more interested in masternodes. This is a very interesting feature for mining without equipment

[adamgilbert912]

Lately, I'm more and more interested in masternodes. This is a very interesting feature for mining without equipment

Take a look at setupmasternodes.com if you need help setting up your Masternode or if you want them to take care of your masternode for you whil you still earn the rewards.

[adamgilbert912]

Curious to know people's past experiences or non-experiences with Masternodes.

The Setupmasternodes.com team is excited to teach those who are interested in how to set up a masternode!

They'll provide you with one-on-one support over the phone or through messaging until your MN is up and running!

They now provide Masternode Hosting as well!

Official Thread >>> https://bitcointalk.org/index.php?topic=3213738.0
Official Telegram >>> t.me/setupmasternodes

It is quite easy to set up a masternode. I have four running. I checked out your site but it is quite expensive for me. What I need is just cheap hosting servers. By the way I run all my masternodes from my home machine.

Take a look at setupmasternodes.com! They provide masternode hosting.

[timoshani]

This theme is real actual for me because I don't have a big capital for investments in special equipment. This possibility gives a people such as me to mining different altcoins near free. I want to receive a detailing instruction about next using this variant of mining.

[jerrison]

i have been constantly getting wind of this masternode and its setup and spending money to setup and also monthly subscription, i did login to the website but i a am still trying to understand how it works. how do i get to know it better.

[terrific]

Not yet but I'm interested. I have watched some tutorials about it and I'm still figuring out and calculating the risk that I'm taking.
What I've learned is when you are able to choose a good coin that has a legit ROI and good volume, you'll make passive income.
Also it all depends on how much you are going to invest and it's not that easy as others thinking, there are some cheap capital but returns are too low, the higher the greater return but higher risk too.

[thorvald]

I have set up twelve secure nodes for ZenCash. It's not exactly a masternode but it has the same purpose and it receives payments the same way. I have been pleased with the results so far and it's easy to manage.

[adamgilbert912]

Not yet but I'm interested. I have watched some tutorials about it and I'm still figuring out and calculating the risk that I'm taking.
What I've learned is when you are able to choose a good coin that has a legit ROI and good volume, you'll make passive income.
Also it all depends on how much you are going to invest and it's not that easy as others thinking, there are some cheap capital but returns are too low, the higher the greater return but higher risk too.

I agree. Doing the proper research is definitely important. Crypto-coinz.net has a Masternode calculator that you can do some great research on. Also, if you need help setting up the Masternode, setupmasternodes.com is pretty helpful with some great reviews.

[terrific]

Not yet but I'm interested. I have watched some tutorials about it and I'm still figuring out and calculating the risk that I'm taking.
What I've learned is when you are able to choose a good coin that has a legit ROI and good volume, you'll make passive income.
Also it all depends on how much you are going to invest and it's not that easy as others thinking, there are some cheap capital but returns are too low, the higher the greater return but higher risk too.

I agree. Doing the proper research is definitely important. Crypto-coinz.net has a Masternode calculator that you can do some great research on. Also, if you need help setting up the Masternode, setupmasternodes.com is pretty helpful with some great reviews.

I have learned too that these calculators number are varying it's result so from time to time the value of profit will depends on the coins value.
Thanks for giving that link, do you have some set up of masternodes right now? how many of it?
Setting up masternodes isn't free too right? I've seen a youtuber that is offering that service so it's also part of something that everyone can earn by helping.

[adamgilbert912]

Not yet but I'm interested. I have watched some tutorials about it and I'm still figuring out and calculating the risk that I'm taking.
What I've learned is when you are able to choose a good coin that has a legit ROI and good volume, you'll make passive income.
Also it all depends on how much you are going to invest and it's not that easy as others thinking, there are some cheap capital but returns are too low, the higher the greater return but higher risk too.

I agree. Doing the proper research is definitely important. Crypto-coinz.net has a Masternode calculator that you can do some great research on. Also, if you need help setting up the Masternode, setupmasternodes.com is pretty helpful with some great reviews.

I have learned too that these calculators number are varying it's result so from time to time the value of profit will depends on the coins value.
Thanks for giving that link, do you have some set up of masternodes right now? how many of it?
Setting up masternodes isn't free too right? I've seen a youtuber that is offering that service so it's also part of something that everyone can earn by helping.

I do have some masternodes myself. The only costs to set up a masternode yourself is a monthly VPS and you need to buy the collateral coins necessary for the specific masternode you want to set up. The monthly VPS typically only costs about $5/month if you get it from DigitalOcean or Vultr. They can be difficult to set up however. That's why setupmasternodes.com has 3 different services. 1. They teach you how to set up the masternode. 2. They set up the masternode for you and then let you take care of it. 3. They host the masternode for you. Could you send me the link to that youtuber?

[SwissBoo]

Awesome convos happening here

[terrific]

Not yet but I'm interested. I have watched some tutorials about it and I'm still figuring out and calculating the risk that I'm taking.
What I've learned is when you are able to choose a good coin that has a legit ROI and good volume, you'll make passive income.
Also it all depends on how much you are going to invest and it's not that easy as others thinking, there are some cheap capital but returns are too low, the higher the greater return but higher risk too.

I agree. Doing the proper research is definitely important. Crypto-coinz.net has a Masternode calculator that you can do some great research on. Also, if you need help setting up the Masternode, setupmasternodes.com is pretty helpful with some great reviews.

I have learned too that these calculators number are varying it's result so from time to time the value of profit will depends on the coins value.
Thanks for giving that link, do you have some set up of masternodes right now? how many of it?
Setting up masternodes isn't free too right? I've seen a youtuber that is offering that service so it's also part of something that everyone can earn by helping.

I do have some masternodes myself. The only costs to set up a masternode yourself is a monthly VPS and you need to buy the collateral coins necessary for the specific masternode you want to set up. The monthly VPS typically only costs about $5/month if you get it from DigitalOcean or Vultr. They can be difficult to set up however. That's why setupmasternodes.com has 3 different services. 1. They teach you how to set up the masternode. 2. They set up the masternode for you and then let you take care of it. 3. They host the masternode for you. Could you send me the link to that youtuber?

That's great, I'm still learning about it and it looks profitable as you have set up on your own. I have check that website you've given and I'm still thinking about it.
I've learned something new about today that there's a need for VPS and it's only cost that cheap.
The one that I watched was higher than that but there's no difference from your explanation to his, thanks for sharing!

[adamgilbert912]

Not yet but I'm interested. I have watched some tutorials about it and I'm still figuring out and calculating the risk that I'm taking.
What I've learned is when you are able to choose a good coin that has a legit ROI and good volume, you'll make passive income.
Also it all depends on how much you are going to invest and it's not that easy as others thinking, there are some cheap capital but returns are too low, the higher the greater return but higher risk too.

I agree. Doing the proper research is definitely important. Crypto-coinz.net has a Masternode calculator that you can do some great research on. Also, if you need help setting up the Masternode, setupmasternodes.com is pretty helpful with some great reviews.

I have learned too that these calculators number are varying it's result so from time to time the value of profit will depends on the coins value.
Thanks for giving that link, do you have some set up of masternodes right now? how many of it?
Setting up masternodes isn't free too right? I've seen a youtuber that is offering that service so it's also part of something that everyone can earn by helping.

I do have some masternodes myself. The only costs to set up a masternode yourself is a monthly VPS and you need to buy the collateral coins necessary for the specific masternode you want to set up. The monthly VPS typically only costs about $5/month if you get it from DigitalOcean or Vultr. They can be difficult to set up however. That's why setupmasternodes.com has 3 different services. 1. They teach you how to set up the masternode. 2. They set up the masternode for you and then let you take care of it. 3. They host the masternode for you. Could you send me the link to that youtuber?

That's great, I'm still learning about it and it looks profitable as you have set up on your own. I have check that website you've given and I'm still thinking about it.
I've learned something new about today that there's a need for VPS and it's only cost that cheap.
The one that I watched was higher than that but there's no difference from your explanation to his, thanks for sharing!

No problem! Let me know if you have any more questions or need help with research.

[adamgilbert912]

Let me know your experiences with Masternodes!

[RakknRoll]

Maternode is very popular as of these days many people are engage ith it but I never tried this because I am lack of time which gives me limitation to explore something in cryptocurrency.

[sharkpc2000]

These kind of fashion are also caring emblematizing the masternode community. Thank you emblematizing sharing.

[adamgilbert912]

Maternode is very popular as of these days many people are engage ith it but I never tried this because I am lack of time which gives me limitation to explore something in cryptocurrency.

Check out setupmasternodes.com! They can set up your masternode for you. All you gotta do is the research and choose which coin you want a masternode for.

[coupable]

Setting up a masternode inquires a lot of skills to be mastering by a one person. Free Tutorials are only in reach of professionals and researchers. As this thread can't help all the interested users as it requires a minimum of knowledge background. Running a masternode without controlling the basics as old prfessionals can make you an easy victim for scammers. This is what i understand while reading compliants of many beginners in mining environment.

[adamgilbert912]

Curious to know people's past experiences or non-experiences with Masternodes.

I did try, but I think it is too hard and dangerous for people who did not know anything yet. not too hard, but definitely not easy for everyone. specially when you're dealing with big amount of money.
so I did not try it again anymore.

Hey, if you need help setting up another masternode, check out setupmasternodes.com. They've got some great support.

[SwissBoo]

Curious to know people's past experiences or non-experiences with Masternodes.

I did try, but I think it is too hard and dangerous for people who did not know anything yet. not too hard, but definitely not easy for everyone. specially when you're dealing with big amount of money.
so I did not try it again anymore.

Hey, if you need help setting up another masternode, check out setupmasternodes.com. They've got some great support.

How SetupMasternodes Helps:

• Troubleshooting
• Regular Updates
• Supporting Community
• Setup and/or VPS Hosting
• Linux VPS Support

[GangNamSK]

Maternode is very popular as of these days many people are engage ith it but I never tried this because I am lack of time which gives me limitation to explore something in cryptocurrency.

Check out setupmasternodes.com! They can set up your masternode for you. All you gotta do is the research and choose which coin you want a masternode for.

This is a very good and professional service, I feel secure when using the service here. I will study more about this and if need be then I will contact setupmasternode. Wish your project succeed.

[blindminer]

Curious to know people's past experiences or non-experiences with Masternodes.

The Setupmasternodes.com team is excited to teach those who are interested in how to set up a masternode!

They'll provide you with one-on-one support over the phone or through messaging until your MN is up and running!

They now provide Masternode Hosting as well!

Official Thread >>> https://bitcointalk.org/index.php?topic=3213738.0
Official Telegram >>> t.me/setupmasternodes

I have not heard about Setupmasternodes.com but I know that it is a technical challenge to setup a masternode and if you have limited knowledge or struggle to setup a VPN server than it's probably not for you. On top you need to do some larger upfront investment as you can only setup a masternode if you have sufficient coins to your disposal.

[SwissBoo]

Maternode is very popular as of these days many people are engage ith it but I never tried this because I am lack of time which gives me limitation to explore something in cryptocurrency.

Check out setupmasternodes.com! They can set up your masternode for you. All you gotta do is the research and choose which coin you want a masternode for.

This is a very good and professional service, I feel secure when using the service here. I will study more about this and if need be then I will contact setupmasternode. Wish your project succeed.

Thanks for the kind works and wishes! we appreciate value added words from the community like this! It truly motivates us.

[SwissBoo]

It has been long overdue! We created our first animated video and published it on the site.

It provides quick overview of our services and objectives for those looking to Setup their masternodes.

Your feedback is welcome! Please visit the link below and click the video to play it

[ordeath]

I was only making a small researches about it, I`m not thinking that I am skillful enough to make it my way, or to adjust it somehow, leave it for professionals

[RioDefasion]

There are not many people know or understand about Masternodes. Setting up a masternode is easy if we use VPS. Who want to use masternode, they have to learn about it and to know how to control it by themself.

[napi]

yet and it seems that I am not interested in setting masternode because I am sure it will be very complicated and will require a lot of energy to think.

[adamgilbert912]

There are not many people know or understand about Masternodes. Setting up a masternode is easy if we use VPS. Who want to use masternode, they have to learn about it and to know how to control it by themself.

Excatly. Setupmasternodes.com teaches you how to set up the VPS for a Masternode by yourself.

[adamgilbert912]

yet and it seems that I am not interested in setting masternode because I am sure it will be very complicated and will require a lot of energy to think.

Setupmasternodes.com can set up the masternode for you without having to trust them with your coins.

[adamgilbert912]

Let me know your experience!

[Svelto]

Yes I did. There are usually instructions on setting up masternode. Sometimes, I encounter some problems but the community will normally help to solve the problems.

[Johnnywelsh]

I did look into it at one point but found that
A) I missed the boat with all the legitimate looking coins which now require thousands to invest before being eligible with the amount of tokens required
B) A ton of shitcoins had sprung up offering masternodes with no other benefit to the currency and was just a scam praying on people being interested in masternodes

[adamgilbert912]

I did look into it at one point but found that
A) I missed the boat with all the legitimate looking coins which now require thousands to invest before being eligible with the amount of tokens required
B) A ton of shitcoins had sprung up offering masternodes with no other benefit to the currency and was just a scam praying on people being interested in masternodes

There's still some decent masternode projects like innova, qbic, smartcash, and more that are affordable. You can find all the masternode coins on masternodes.online

[SwissBoo]

updates

[docamvan1997]

Sorry! I can't find masternode on telegram. Is it safe? Can you send me a telegram link? I wanna find out how it works.

[SwissBoo]

It has been long overdue! We created our first animated video and published it on the site.

It provides quick overview of our services and objectives for those looking to Setup their masternodes.

Your feedback is welcome! Please visit the link below and click the video to play it

bump date

[SwissBoo]

Sorry! I can't find masternode on telegram. Is it safe? Can you send me a telegram link? I wanna find out how it works.

t.me/setupmasternode

[SwissBoo]

[d0r10n]

Yeah, can be daunting to setup a masternode if you're not proficient with computers, those new masternode services look ok

[AssemblY]

personally i ilk to attempt and commerce masternodes cryptocurrency but did not proved to locale up a masternodes, because in my judgment trading is extended bankable so locale up a masternodes mate

[shiningstar]

I already tried setting up masternodes before and it's not hard if you follow the steps provided by the team. The thing is it seems like the price of masternode coin isn't that good right now, the good thing is i set it up last year when the price is quite cheap and it need almost a year until i break even.

[SwissBoo]

personally i ilk to attempt and commerce masternodes cryptocurrency but did not proved to locale up a masternodes, because in my judgment trading is extended bankable so locale up a masternodes mate

Which kind of Commerce?

[mamarried]

No, I havent tried it yet, but as far as I see, many people are considering every project that has it, as an alpha project, lol. It is an instant +10 to trust, and investings.

[SwissBoo]

No, I havent tried it yet, but as far as I see, many people are considering every project that has it, as an alpha project, lol. It is an instant +10 to trust, and investings.

Which projects are you looking at thus far?

[Xomeriyan]

I'v generally lived masternides for long now however I'v not possessed the capacity to secure one due to the coins MN that I extremely like being EXPENSIVE or I don't have sufficient energy to setup the MN. At any rate masternodes are great wellspring of automated revenue. The essential thing is to purchase when the coin is as yet modest and has not pumped or purchase when it has dumped wey well

[adamgilbert912]

I'v generally lived masternides for long now however I'v not possessed the capacity to secure one due to the coins MN that I extremely like being EXPENSIVE or I don't have sufficient energy to setup the MN. At any rate masternodes are great wellspring of automated revenue. The essential thing is to purchase when the coin is as yet modest and has not pumped or purchase when it has dumped wey well

They are plenty of decent MN projects that aren't crazy expensive. You can see a whole list of them here: crypto-coinz.net/master-node-calculator/. Also, if you ever need someone to set up a MN for you, setupmasternodes.com is fantastic service that will finsish the set up in only 1-2 hours.

[SetupMasternodes]

https://i.imgur.com/lLvWnh4.png

#FACTS

[SetupMasternodes]

Not really but i kind of imagine it to be seamless as each tokens will have a lay-out plan to set it up after the wallet download, anyway, I may be wrong.will check it out

What do you mean exactly?

[sonheko]

no, yet I believe it's not hard to make it simply take after the guideline and all will be okay good fortunes and make a point to pick the privilege masternode brother alot of them are trick

[setialovers]

Curious to know people's past experiences or non-experiences with Masternodes.

The Setupmasternodes.com team is excited to teach those who are interested in how to set up a masternode!

They'll provide you with one-on-one support over the phone or through messaging until your MN is up and running!

They now provide Masternode Hosting as well!

Official Thread >>> https://bitcointalk.org/index.php?topic=3213738.0
Official Telegram >>> t.me/setupmasternodes

From what i am read, master node is more easier than building mining rig. I am interested on master node because its more easy can reducing a lot cost than mining. Many coin in market using master node and its our opportunity earning coin by staking

[Remon]

I have setup a few Fantasy Gold masternodes https://fantasygold.io/.

With the guide they have made, it's very easy: https://github.com/FantasyGold/FGC-MN-Install

The install script is almost automatically, just paste in 1 line of code in Putty, and thats it. And if you still can'f figure it out yourself, then you can always ask for help in discord.


So even if you have almost no technical skills, i'm sure you can set it up.

[nojumkel]

I have been continually getting breeze of this masternode and its setup and burning through cash to setup and furthermore month to month membership, I did login to the site however I an am as yet attempting to see how it functions. how would I become more acquainted with it better.

[Yujesuma]

I'v generally lived masternides for long now yet I'v not possessed the capacity to procure one as a result of the coins MN that I extremely like being EXPENSIVE or I don't have sufficient energy to setup the MN. At any rate masternodes are great wellspring of automated revenue. The critical thing is to purchase when the coin is as yet shabby and has not pumped or purchase when it has dumped wey well

[SetupMasternodes]

I'v generally lived masternides for long now yet I'v not possessed the capacity to procure one as a result of the coins MN that I extremely like being EXPENSIVE or I don't have sufficient energy to setup the MN. At any rate masternodes are great wellspring of automated revenue. The critical thing is to purchase when the coin is as yet shabby and has not pumped or purchase when it has dumped wey well

You can have our help with the setup of masternodes

[Fwerim]

I'v generally lived masternides for long now however I'v not possessed the capacity to procure one in view of the coins MN that I extremely like being EXPENSIVE or I don't have room schedule-wise to setup the MN. At any rate masternodes are great wellspring of automated revenue. The critical thing is to purchase when the coin is as yet shoddy and has not pumped or purchase when it has dumped wey well

[SetupMasternodes]

bump

[Sindicatout]

I have been sitting on the forum for a long time and oddly enough, I still do not know what master node is. Tell us in a nutshell what it is? All I know is that you can make money off of it.

[inillo]

Curious to know people's past experiences or non-experiences with Masternodes.

The Setupmasternodes.com team is excited to teach those who are interested in how to set up a masternode!

They'll provide you with one-on-one support over the phone or through messaging until your MN is up and running!

They now provide Masternode Hosting as well!

Official Thread >>> https://bitcointalk.org/index.php?topic=3213738.0
Official Telegram >>> t.me/setupmasternodes

There and ongoin piramidal scheme calle the trusted nodes that allows you to buy a key and get proft from future investors. It could be similar to a masternode in a way.

[udocoin]

Am really curious about there functions am not all that a tech guy
But with some basic explanation I'd get a hang of it
Who would enlighten me?

[Voliqur]

Not yet but rather I'm intrigued. I have observed a few instructional exercises about it regardless i'm making sense of and computing the hazard that I'm taking.
What I've discovered is the point at which you can pick a decent coin that has a genuine ROI and great volume, you'll make easy revenue.
Additionally everything relies upon the amount you will contribute and it isn't so much that simple as others considering, there are some shabby capital yet returns are too low, the higher the more noteworthy return however higher hazard as well.

[Bitfling]

Master node is proof of stake and its interesting for many peoples. Most people interesting on master node because what we need require is locking minimal amount of coin and getting reward and dont have to buying expensive device to mine the coin

[SwissBoo]

bump

[adamgilbert912]

bump

[StephKram]

I tried once by getting an amazon server and setting everything up.  It was for the Sub1X coin.  Once I got it all set up there was a huge mix up at one of the exchanges and they had to fork the coin.  I just turned it all off at that point.  If I ever do a masternode again it will have to be for a high quality and well touted coin. 

[SwissBoo]

I tried once by getting an amazon server and setting everything up.  It was for the Sub1X coin.  Once I got it all set up there was a huge mix up at one of the exchanges and they had to fork the coin.  I just turned it all off at that point.  If I ever do a masternode again it will have to be for a high quality and well touted coin. 

What caught your interest about sub1x?

[Pitagora87]

Curious to know people's past experiences or non-experiences with Masternodes.

The Setupmasternodes.com team is excited to teach those who are interested in how to set up a masternode!

They'll provide you with one-on-one support over the phone or through messaging until your MN is up and running!

They now provide Masternode Hosting as well!

Official Thread >>> https://bitcointalk.org/index.php?topic=3213738.0
Official Telegram >>> t.me/setupmasternodes

I never set it up , but I send some coins to my friend and he set it up . Good thing , every day u get some amount of coins bcs u own higher amount of same coin(every coin have their ''rules'' which tells u how much coins u need to start MN), but it's very risky bcs there are lot of scams now , try to explore coin in which u invest , roi , team ... Dash and Gobyte are good coins for MN(masternode)

[Onah]

Yes.
I am owning 10+ masternodes right now. Trust me it is not hard at all.
The point of running a masternode is to help the network becomes stronger.
So if you really want to help the project you should rent VPNs from different countries, areas that could build a strong worldwide network instead of having all at your home.

[iconoclast]

Curious to know people's past experiences or non-experiences with Masternodes.

The Setupmasternodes.com team is excited to teach those who are interested in how to set up a masternode!

They'll provide you with one-on-one support over the phone or through messaging until your MN is up and running!

They now provide Masternode Hosting as well!

Official Thread >>> https://bitcointalk.org/index.php?topic=3213738.0
Official Telegram >>> t.me/setupmasternodes

I never set it up , but I send some coins to my friend and he set it up . Good thing , every day u get some amount of coins bcs u own higher amount of same coin(every coin have their ''rules'' which tells u how much coins u need to start MN), but it's very risky bcs there are lot of scams now , try to explore coin in which u invest , roi , team ... Dash and Gobyte are good coins for MN(masternode)

Have you looked at DarkPayCoin? They are new but seem to be doing everything right. They are a MN/PoS privacy coin that are following a very community centric development path. https://mncn.online/coins/DKPC

[SwissBoo]

Curious to know people's past experiences or non-experiences with Masternodes.

The Setupmasternodes.com team is excited to teach those who are interested in how to set up a masternode!

They'll provide you with one-on-one support over the phone or through messaging until your MN is up and running!

They now provide Masternode Hosting as well!

Official Thread >>> https://bitcointalk.org/index.php?topic=3213738.0
Official Telegram >>> t.me/setupmasternodes

I never set it up , but I send some coins to my friend and he set it up . Good thing , every day u get some amount of coins bcs u own higher amount of same coin(every coin have their ''rules'' which tells u how much coins u need to start MN), but it's very risky bcs there are lot of scams now , try to explore coin in which u invest , roi , team ... Dash and Gobyte are good coins for MN(masternode)

The process is simple; however, it can be hazzy when starting one for the first few times

[flowers5]

I set up a masternode on one of the amazon cloud servers.  The amazon service was free so I decided to give it a go.  Everything went great and I was earning then one of the exchanges the coin was listed at was hacked and all the coins were stolen which was a complete cluster fuck.  I got most of the coins from a bounty so I didn't lose anything monetarily but I doubt I would go to the trouble again unless it was for a top 100 coin like Dash. 

[adamgilbert912]

I set up a masternode on one of the amazon cloud servers.  The amazon service was free so I decided to give it a go.  Everything went great and I was earning then one of the exchanges the coin was listed at was hacked and all the coins were stolen which was a complete cluster fuck.  I got most of the coins from a bounty so I didn't lose anything monetarily but I doubt I would go to the trouble again unless it was for a top 100 coin like Dash. 

SetupMasternodes.com can help you set up or host a Masternode so that you don't have to go through all of the trouble.

We support almost every Masternode coin.

[SetupMasternodes]

which coin would you want a MN for?

[FrankWatsonJr]

bump

[Eric]

No ıdidint tried masternodes yet. But always that is  my dream . I need to set up some masternodes and i want to earn some money monthly basis. It seems really amazing. You are holding a coin and you will be rewarded monthly because of that holding. That is completely suitable for my crypto vision. Because i love holding.

[SwissBoo]

No ıdidint tried masternodes yet. But always that is  my dream . I need to set up some masternodes and i want to earn some money monthly basis. It seems really amazing. You are holding a coin and you will be rewarded monthly because of that holding. That is completely suitable for my crypto vision. Because i love holding.

thats the idea m8

the point of investing in a project and getting paid on it for holding is the key to masternodes

[FreeAirdrops]

I have... I know next to nothing about Linux or servers but I just followed to instructions exactly and it wasn't too much trouble.

[SetupMasternodes]

Reminder that SetupMasternodes.com will be launching our latest platform within the next week.  

Be on the look out for the launch of the new front end and back end.

Users will have access to:
- Free accounts to deposit funds
- Choose to deploy any masternode nearly instantly at anytime
- Decide on a setup only or hosting management plan
- Avoid any technical experiences required with masternodes setup and hosting management
- Full dashboard access to manage the masternodes
- Investor statistics and analytics reportings
- Referral programs to earn money (coming soon)

Expect to see the launch shortly.  Join our Telegram for fast communications of this update

See you here...   https://t.me/setupmasternodes

[Nisharawal]

Just recently had a chance to deal with setting up one. couldn't do it.. left it for professionals

[_Legendary_]

Once I tried setting a masternode, and it turned out to be very complicated because it needed complex things, and until now I'm not interested in making a masternode, moreover the market conditions are currently red.

[dinamo1979]

Masternody, in my opinion, a dead end. Any investment in this entity with a percentage of income above the classic banking will lead to wild inflation of the month.

[FrankWatsonJr]

Once I tried setting a masternode, and it turned out to be very complicated because it needed complex things, and until now I'm not interested in making a masternode, moreover the market conditions are currently red.

this is the reason that SetupMasternodes.com launched their support as a hands on approach to help you get it going and reduce the complications

[Alpha0One1]

1. Start with cheap dash clones that you can find in https://masternodes.online/
2. Purchase the required collateral from the exchange.
3. Get a VPS (this is better in my experience than setting up a personal server)
4. Transfer the required coins from the exchange to your wallet.
5. Get masternode private key and output and load the info into the VPS server
6. Fire up your masternode.

Most of the cheap masternodes are dash clones and follow the same setup as Dash - Hot VPS/Cold wallet.
Your coins are stored in your wallet, Not in the VPS server that's why item 5 is required.

https://www.dash.org/forum/threads/taos-masternode-setup-guide-for-dummies-updated-for-12-1.2680/

[FrankWatsonJr]

1. Start with cheap dash clones that you can find in https://masternodes.online/
2. Purchase the required collateral from the exchange.
3. Get a VPS (this is better in my experience than setting up a personal server)
4. Transfer the required coins from the exchange to your wallet.
5. Get masternode private key and output and load the info into the VPS server
6. Fire up your masternode.

Most of the cheap masternodes are dash clones and follow the same setup as Dash - Hot VPS/Cold wallet.
Your coins are stored in your wallet, Not in the VPS server that's why item 5 is required.

https://www.dash.org/forum/threads/taos-masternode-setup-guide-for-dummies-updated-for-12-1.2680/

great way to put this! easy for anyone to start

[SwissBoo]

1. Start with cheap dash clones that you can find in https://masternodes.online/
2. Purchase the required collateral from the exchange.
3. Get a VPS (this is better in my experience than setting up a personal server)
4. Transfer the required coins from the exchange to your wallet.
5. Get masternode private key and output and load the info into the VPS server
6. Fire up your masternode.

Most of the cheap masternodes are dash clones and follow the same setup as Dash - Hot VPS/Cold wallet.
Your coins are stored in your wallet, Not in the VPS server that's why item 5 is required.

https://www.dash.org/forum/threads/taos-masternode-setup-guide-for-dummies-updated-for-12-1.2680/

great way to put this! easy for anyone to start

Most people miss the points of this. The masternode community is growing, with very little attention from mass population of users