Masternodes

[mr.mister]

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.

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[cryboy24]

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.

[dimonarka]

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.

[X-ray]

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]

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

[cryptoherr]

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]

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

[andyward]

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.

[stooky]

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.

[Viecoin]

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.

[macit800]

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]

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

[kareninsf]

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

[Mrs Troll]

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]

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

[mr.mister]

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

[cometoft]

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]

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.

[bman01]

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.

[cryptometric]