Good Bye Mining Farms ... Say Hello to Masternodes

[FrankWatsonJr]

People are discussing the differences between Mining Farms with Hardware vs Masternodes for coin generation.

We are seeing a shift in people  that are not even considering the mining option of a masternode.  This is why that people will decide that coin generation makes more sense with masternodes.

It is becoming a global discussion in the masternode place.  Our team is in place to assist and support those looking to setup their masternodes. With our help and guidance, you can get assistance towards it, in a real-time fashion, and a more informative guideline.

Please join us in the telegram discussions http://t.me/setupmasternodes

http://coinmarketbusiness.com/cd/post/good-bye-farms.png

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[Suslived]

The difference in masternodes is that they are a riskier investment. Especially because a requirement to these masternodes is that you buy a boat load of these coins. This in itself should be researched and timed properly unless you will end up running your masternode in attempt to reach ROI forever.

[FrankWatsonJr]

The difference in masternodes is that they are a riskier investment. Especially because a requirement to these masternodes is that you buy a boat load of these coins. This in itself should be researched and timed properly unless you will end up running your masternode in attempt to reach ROI forever.

right on... there is risk involved with all cryptos. I do believe that masternodes should be looked at in how long it takes to receive double the amount of coins to determine ROI. Instead, most people are looking at the $ value or BTC value.

[teskostecenje]

You are to late to cash in on masternode hype,if you started doing this from december it would make some sense but now no one cares about masternodes.Say thx for that to greedy devs who had mn auctions on discord and then split with $ from those auctions,there are a lot of new mn shitcoins coming out every day but there are no more fools(or at least number is decreasing)to take part in those scams

[DevelopmentBank]

You are to late to cash in on masternode hype,if you started doing this from december it would make some sense but now no one cares about masternodes.Say thx for that to greedy devs who had mn auctions on discord and then split with $ from those auctions,there are a lot of new mn shitcoins coming out every day but there are no more fools(or at least number is decreasing)to take part in those scams

It's not too late since there are new masternodes being created by legitimate companies. You just need to find the right ones. Take for example deviant coin (min. 5000 coins for masternode) or syscoin which is launching their masternodes by end of april 2018 (min coins: ?).

[Agozyen]

The difference in masternodes is that they are a riskier investment. Especially because a requirement to these masternodes is that you buy a boat load of these coins. This in itself should be researched and timed properly unless you will end up running your masternode in attempt to reach ROI forever.

To me, buying mining hardware carries more risk. Both masternodes and hardware will produce coins, but you will never have to replace your masternode with newer or better equipment.  And now that we have Bitmain ninja-mining and then releasing algo-specific ASIC's muddying the waters.

[wedgenix]

Why would it be either-or?

Diversify.

~33% mining hardware
~33% Masternodes/staking
~33% trading portfolio

etc.

and within each, diversify again - divide between algos and ASIC/GPU, different MN and PoS coins, short and medium term trades, etc.

and above each - cryptos aren't *everything* (traditional investments, real estate, etc. still have their place)

Long time lurker, 1st time poster.  Flame away.

[jmigdlc99]

Why would it be either-or?

Diversify.

~33% mining hardware
~33% Masternodes/staking
~33% trading portfolio

etc.

and within each, diversify again - divide between algos and ASIC/GPU, different MN and PoS coins, short and medium term trades, etc.

and above each - cryptos aren't *everything* (traditional investments, real estate, etc. still have their place)

Long time lurker, 1st time poster.  Flame away.

Diversifying is a good idea especially in crypto. Mining hardware and masternodes can still be profitable today assuming you do the necessary research and know what you are doing. With regards to trading, i'm afraid it's a lot more complicated than that. Unless you are someone who has extensive experience trading crypto or have first-hand insider information, i would highly advise against it because you will end up getting eaten alive by whales.

[leonix007]

I can't say Goodbye for Hardware mining POW, I get a very great feeling seeing them everyday working and gives some $ thought not that much

thought, was wondering this masternodes about and will probably try this out

Checking decent coins from shitty ones are pain in @ss, no pain no gain

[Knightly]

Good points made already, but the biggest downfall, as mentioned, is the fact that you have to have a lot of coins to start a masternode, and it can often be expensive. With PoW (mining), you can mine from zero coins and earn.
Don't get me wrong, I love staking and masternodes, but you do need that collateral to start a masternode off.
The middle ground? PoS, staking. Stake as many coins as you have and earn.

-Knightly

[togoshigekata]

BiblePay (BBP) is a great masternode coin
https://masternodes.online/currencies/BBP/

[FrankWatsonJr]

updates coming

[lunobird]

Why would it be either-or?

Diversify.

~33% mining hardware
~33% Masternodes/staking
~33% trading portfolio

etc.

and within each, diversify again - divide between algos and ASIC/GPU, different MN and PoS coins, short and medium term trades, etc.

and above each - cryptos aren't *everything* (traditional investments, real estate, etc. still have their place)

Long time lurker, 1st time poster.  Flame away.

That's good sound advice. 

And the percentages can be adjusted to better fit your situation.  If you got cheap electric, favor a bit more towards mining,  If you got high electric favor more towards master nodes,  If your good at managing money and emotions and favor a bit more towards trading. Doing all those things above is a good thing.

[tonglebag]

As for me, I bought 50 rigs and can't say Goodbay...