Bitcoin Forum
August 21, 2018, 08:07:23 PM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Masternodes  (Read 98 times)
mr.mister
Full Member
***
Offline Offline

Activity: 210
Merit: 100


View Profile
May 17, 2018, 02:50:15 AM
 #1

I am looking to conduct research on the risk/reward of master nodes. I understand that to run a node you have to stake a certain amount of coins as insurance per say. I also know the easiest way is to do it is with virtual servers. I understand that it is much cheaper to get started in this (with some coins) than mining.

What is your opinion on master nodes? What are the risks of running a master node? Is there an alternative to master nodes?


Your thoughts are much appreciated.

Bitcoin Cash (BCASH) is NOT the real Bitcoin
1534882044
Hero Member
*
Offline Offline

Posts: 1534882044

View Profile Personal Message (Offline)

Ignore
1534882044
Reply with quote  #2

1534882044
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
cryboy24
Jr. Member
*
Offline Offline

Activity: 96
Merit: 0


View Profile WWW
May 18, 2018, 09:20:59 PM
 #2

Running a masternode could be quite challenging. But on contrary, if you succeed, you would be able to earn a huge amount of money. It completely depends on your selection of coins, which decides whether you would be successful or not.

CRYPTOADS MARKETPLACE
A powerful advertising platform built on Ethereum
PRESALE: 15 May-15 Jun | CROWDSALE: 16 Jun-16 Jul
dimonarka
Sr. Member
****
Offline Offline

Activity: 651
Merit: 250


“Revolutionising Marketing and Loyalty”


View Profile
May 18, 2018, 09:31:45 PM
 #3

Masternode is a server in a decentralized network. It is used to perform unique functions that ordinary nodes can not implement. These are direct and instant transactions or private transfers.



                    ▄          ▄                   
                  ▄███▄      ▄███▄                 
                ▄███████▄  ▄███████▄               
              ▄██████████████████████▄             
            ▄██████████████████████████▄           
          ▄████████▀ ██████████ ▀████████▄         
        ▄████████▀ ▄████████████▄ ▀████████▄       
      ▄████████▀ ▄████████▀███████▄ ▀████████▄     
    ▄████████▀ ▄████████▀  ▀████████▄ ▀████████▄   
  ▄████████▀ ▄████████▀      ▀████████▄ ▀████████▄
▄████████▀ ▄████████▀          ▀████████▄ ▀████████▄
Momentum             
REVOLUTIONISING MARKETING & LOYALTY
Whitepaper
Telegram
Website
Lightpaper
ANN Thread
Twitter
X-ray
Hero Member
*****
Offline Offline

Activity: 924
Merit: 501


dApps Development Automation Platform


View Profile
May 18, 2018, 10:02:07 PM
 #4

I am looking to conduct research on the risk/reward of master nodes. I understand that to run a node you have to stake a certain amount of coins as insurance per say. I also know the easiest way is to do it is with virtual servers. I understand that it is much cheaper to get started in this (with some coins) than mining.

What is your opinion on master nodes? What are the risks of running a master node? Is there an alternative to master nodes?


Your thoughts are much appreciated.
In my understanding staking coin is much better compared with masternodes because it less on the requirement. I take one example just like NEO it offers a better annual return compared with the majority of masternodes coin. Staking coin can become an alternative way to the masternodes. You should learn it dude.


            ▄▄▄▄
        ▄▄████████▄▄
    ▄▄████████████████▄▄
 ▄████████████████████████▄
██████████▀▀███████████████
██████████▄   ▀█████████████
████████████▄   ▀███████████
██████████████▄   ▀█████████
█████████████▀   ▄██████████
███████████▀   ▄████████████
██████████▄  ▄██████████████
███████████████████████████
 ▀████████████████████████▀
    ▀▀████████████████▀▀
        ▀▀████████▀▀
            ▀▀▀

⬢⬢

⬢⬢



       ▄▄▄▄
   ▄▄████████▄▄
▄██████████▀▀▀█▀█▄
██ ▀█████▀     ▀██
██▌   ▀▀▀      ███
███▄           ███
████▀         ████
▀████▄     ▄▄████▀
   ▀▀▄▄▄▄████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄████████████████▄
██████████▀▀  ▐███
██████▀▀  ▄   ████
███▀   ▄█▀   ▐████
████▄▄█▀     █████
▀█████▌ ▄▄▄ ▐████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄███████▀   ▐████▄
████████  ▄███████
██████      ██████
████████  ████████
████████  ████████
▀███████  ███████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄██▀█▀███▄▄
▄███▀▀▀ ▀ ▀▀█████▄
██████ ████▄ █████
██████ ▀▀▀▀ ▄█████
██████ ▄▄▄▄ ▀█████
██████ ████▀ █████
▀███▄▄▄ ▄ ▄▄█████▀
   ▀▀██▄█▄███▀▀
       ▀▀▀▀


██████████████████
mktpromp
Jr. Member
*
Offline Offline

Activity: 196
Merit: 0


View Profile
May 19, 2018, 10:45:28 AM
 #5

From technical aspects masternodes are improving day by day. But its need a big investment to start up. So it is very problematic for the middle class person who cant affort to give this type of big investment. So in my opinion it is not very appreciatable for the middle class

【BLACKBOX OS】 (https://blackboxfoundation.org/)
【The Future of Work. Decentralized.】
cryptoherr
Member
**
Offline Offline

Activity: 84
Merit: 10

ImmVRse | Disrupting the VR industry


View Profile
May 19, 2018, 10:47:47 AM
 #6

masternode is a Pretty nice Option to get you an passive income if you choose the Right coin and you help your coin aswell to provide and stable Network by running an masternode. YOu could have an look at alqo they have an Pretty esay to set up MN and their own Hosting website

Bonanzabits
Member
**
Offline Offline

Activity: 266
Merit: 21


View Profile WWW
May 19, 2018, 10:54:41 AM
 #7

Undoubtedly, the masternodes are a profitable strategy. But, for this you need a substantial amount of coins at the very beginning.

✦ ────────  SPOKKZ  ──────── ✦
A COMMUNITY-POWERED FILM & TV BLOCKCHAIN ECOSYSTEM
✦ ────────  Twitter ⬝  Telegram ⬝   Facebook ⬝  Linkedin ⬝  Medium   ──────── ✦ Join Pre-Sale
andyward
Jr. Member
*
Offline Offline

Activity: 196
Merit: 0


View Profile
May 19, 2018, 03:35:54 PM
 #8

I don't think there is any alternative of master nodes. But, to get more informations i would suggest you to research through different sites from google. I hope you'll get your answer.

BOX2TABLE - THE FIRST BLOCKCHAIN SOLUTION FOR RESTAURANTS AND SUPPLIERS. JOIN PRE-ICO WITH 33% DISCOUNT AT ICO.BOX2TABLE.COM
stooky
Copper Member
Newbie
*
Offline Offline

Activity: 26
Merit: 0

Crypto fan.


View Profile
May 19, 2018, 03:37:59 PM
 #9

as with any kind of crypto there is risk.

Masternodes had a huge run in Jan-Feb of 2018 and as a result the scams flowed in.

Ask around, choose a cheap masternode to get your feet wet with the technology and have fun.


Crypto fan.
Viecoin
Hero Member
*****
Offline Offline

Activity: 847
Merit: 500



View Profile
May 19, 2018, 03:45:46 PM
 #10

Risks to owning a masternode? Everyone dumping while your coins are locked up. Only running your wallet on a paid VPS and your keys or data get compromised. I actually think masternodes are nice if not just piggybacking off of DASH. Typically you have to willing to have your coins out of reach for a while so no trading with those coins while your masternode is running.

                                                                               
                                                                               
                                                                               
            ,,▄▄▄▄▄▄w,                                    ,╓▄▄▄▄▄▄w,           
         ╓▄█▓▓▓▓▓▓▓▓▓▓▓█▄,                             a▓█▓▓▓▓▓▓▓▓▓▓▓▓▄         
       ▄█▓▓▓▓█▀▀▀▀▀▀█▓▓▓▓▓▓,                         ▄█▓▓▓▓█▀▀▀▀▀▀█▓▓▓▓▓▄       
     ,█▓▓▓█▀          ╙▀▓▓▓▓▄                      a█▓▓▓█▀          ╙▓▓▓▓█╕     
     █▓▓▓▀              `▓▓▓▓█                    ▓▓▓▓▓▀              ╙▓▓▓▓L   
    ▐▓▓▓█     ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╖                ,█▓▓▓▓▌                ▐▓▓▓█   
    ▓▓▓▓L     ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄              ╓█▓▓▓▓▓C                 ▓▓▓▓   
    ▓▓▓▓▌      `````````````└█▓▓▓▌            ▄▓▓▓▓▓▓▓▌                ╒▓▓▓▓   
    └▓▓▓▓▄                    █▓▓▓█          ▄▓▓▓▓▀▓▓▓▓Ç              ,█▓▓▓▌   
     ╙▓▓▓▓▄,           ▄██Ç    ▀▓▓▓█▄      ,█▓▓▓█` ▀▓▓▓▓▄            ▄█▓▓▓▀     
      `▓▓▓▓▓█▄w,,,,,▄▓█▓▓▓▓     ╙█▓▓▓█▄,,╓▓▓▓▓▓▀    "█▓▓▓▓█▄w,,,,╓▄▓▓▓▓▓█╜     
        "▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓█▀        ▀▓▓▓▓▓▓▓▓▓▓▀'       ╙▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓█╜       
           "▀▀▀█████▀▀'             "▀▓███▀▀             "▀▀▀█████▀▀╙           
                                                                               
                                                                               
                                                                               
                                                                               
                                                                               
                            ]╢╢╢╖              ,╢╢╢@                           
                             ╙▒▒▒╢╖          ╓╢▒▒▒╜                             
                               ╙╢▒▒▒▒╢H╥╥╥╢╢▒▒▒▒╜                               
                                  ╙╜╢▒▒▒▒▒▒╢╨╜             
THE WORLD OF SELF-DEVELOPMENT
             EVO...........
   Blockchain platform for assessing and developing human skills 
........  Telegram    Facebook    evo.live    Github    Twitter    ANN  .........
macit800
Member
**
Offline Offline

Activity: 224
Merit: 36

Decentralized Transportation Solution


View Profile WWW
May 19, 2018, 03:48:20 PM
 #11

I have found an analysis about masternodes on Twitter which gives clear and good information about Masternodes engagement on social media. You can take a look at it to know which coin are populair nowadays.

https://twitter.com/OmniAnalytics/status/996002755092406277

cryptomanspbmgdn
Jr. Member
*
Offline Offline

Activity: 182
Merit: 0


View Profile WWW
May 19, 2018, 03:54:54 PM
 #12

masternode a very promising direction, as mentioned above, you can earn a lot of money. I'll do it myself when I'm ready.

▰▰▰      ApolloX      ▰▰▰
 ▰ APOLLOX Protocol - Decentralized E-Commerce  ▰
http://www.apollox.network/
kareninsf
Jr. Member
*
Offline Offline

Activity: 65
Merit: 0

karen@kareninsf.com


View Profile WWW
May 19, 2018, 04:26:53 PM
 #13

I hope to set one up in a couple weeks- happy to find this thread- not sure which token yet

Bitrated user: karenminsf.
Mrs Troll
Full Member
***
Offline Offline

Activity: 322
Merit: 102


Your professional profile on the blockchain


View Profile
May 19, 2018, 04:37:28 PM
 #14

Most masternodes are useless and are more simillar to HYIP projects - that is the main challenge. I mean your coin could become useless one day, when owners will restart money grab cycle with a new project.

Broesel
Member
**
Offline Offline

Activity: 168
Merit: 12


View Profile
May 19, 2018, 04:53:51 PM
 #15

If you want a solid masternode coin with room to grow and PoS starting in october, take a look at ALQO. This one is a real gem in hiding and the dev team and community is very dedicated to the project: https://bitcointalk.org/index.php?topic=2343884.0 and alqo.org

⚪ Byteball     ❱❱❱     I T   J U S T   W O R K S .    ❱❱❱
Sending Crypto to Email  -  Risk-Free Conditional Smart Payments  -  ICO Platform with KYC
ANN THREAD          TELEGRAM          TWITTER          MEDIUM          SLACK          REDDIT
mr.mister
Full Member
***
Offline Offline

Activity: 210
Merit: 100


View Profile
May 20, 2018, 02:41:26 AM
 #16

thank you all for the overwhelming response. I highly appreciate it. I will be reviewing everyone's post here.

Bitcoin Cash (BCASH) is NOT the real Bitcoin
cometoft
Jr. Member
*
Offline Offline

Activity: 84
Merit: 0


View Profile
May 20, 2018, 02:43:59 AM
 #17

But rewards taken from Masternodes can also be sold to the market causing a dump in price. Masternode is only beneficial to the ones with deep pockets.
Broesel
Member
**
Offline Offline

Activity: 168
Merit: 12


View Profile
May 20, 2018, 08:08:56 AM
 #18

But rewards taken from Masternodes can also be sold to the market causing a dump in price. Masternode is only beneficial to the ones with deep pockets.

Well, that strongly depends on your goals as an investor, right? If you are in for the quick profit, masternodes are probably not the best way to go. In my experience, most mn-holders are in for the long game and want to support the coins they are hosting masternodes for. The ROI is also very important, but the coins you receive for compensation are mostly hodled or invested in new masternodes.

⚪ Byteball     ❱❱❱     I T   J U S T   W O R K S .    ❱❱❱
Sending Crypto to Email  -  Risk-Free Conditional Smart Payments  -  ICO Platform with KYC
ANN THREAD          TELEGRAM          TWITTER          MEDIUM          SLACK          REDDIT
bman01
Jr. Member
*
Offline Offline

Activity: 252
Merit: 0


View Profile
May 20, 2018, 08:13:39 AM
 #19

Yes you are right. This high staking requirement of masternode is a bit risky. Unfortunately I personally don't see any alternative to this. So maybe there are no way else but adjust.

▰▰▰▰▰ GEOManna ▰▰▰▰▰
Blockchain platform for the distribution of social activity bonuses
http://geomanna.com/
cryptometric
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
May 20, 2018, 08:14:57 AM
 #20

 Wink
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!