Masternodes/POS the future of mining?

[adamantasaurus]

So I started mining with GPU's bought a few asics and sold everything before the summer began (because last summer it was just not comfortable in my place with all my miners lol). I really love the idea of mining and generating coins there are so many different ways to mine. I recently got interested in masternodes it only costs me $15/mo to run 4 vps servers (vs. $500-$800/mo in electricity with POW mining) SO I know there are a lot of masternode scams and was told before I got into them to be very careful (I ended up only getting burned badly with one coin) every other coin I invested in turned out to be a pretty solid project.

SO I'm curious what does the community think will POS/masternodes phase out the physical POW mining protocol I really think there are a lot more advantages of POS over POW, what do you all think?

good day

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[edwardceng]

Masternodes has become alternative to investment and getting a profit with a way saving some coin in the wallet. I think POW more a profitable unless mining that's a coin as long as POW and saving some coin on wallet until the time of POW is over.

[Kryptowolf512]

There are a lot of scam PoS coins and Masternodes.
They promise you a ROI with 30 days... you can look at www.crypto-coinz.net/ for a lot of masternode coins. But you will see what I mean
You should go for safe projects like Ethereum. Ethereum is not PoS currently but will be in the future, or NEO that produce GAS.

[edwardceng]

yes, it must be more careful in choosing a coin, but I see that Masternodes is a new variant that has been reborn in cryptocurrency other than Mining and trades some coins.

[DevelopmentBank]

Theoretically, POS is a much more efficient way to deal with crypto transactions, the problem is, the technology is far from being useable in the real world. To date, nothing can really beat the transactional security afforded by 10000 GPUs on POW compared to a few thousand CPUs on POS. We will get to the point where POS reigns supreme, but right now we are not there yet.

With regards to masternodes, theres a lot out there and i guess you just have to take a risk in investing on the right ones. I am personally risking a lot on the OPCX masternodes right now.

[adamantasaurus]

Theoretically, POS is a much more efficient way to deal with crypto transactions, the problem is, the technology is far from being useable in the real world. To date, nothing can really beat the transactional security afforded by 10000 GPUs on POW compared to a few thousand CPUs on POS. We will get to the point where POS reigns supreme, but right now we are not there yet.

With regards to masternodes, theres a lot out there and i guess you just have to take a risk in investing on the right ones. I am personally risking a lot on the OPCX masternodes right now.

Yea I invested in about 14 different ones and out of those 14 only 1 turned out to be a straight up scam lost a good deal of money

[Geraldo]

Yea I invested in about 14 different ones and out of those 14 only 1 turned out to be a straight up scam lost a good deal of money

How about your Raspberry Pi project? (I still remember your shitty old HP laptop) 

I know that your context is more to investment to make a profit (not the mining process itself). On the investment context may you were right, PoS more efficient, less costly, easier than PoW, and so on. (I ignore the risk of scam)

On the technical sides, I agree with DevelopmentBank.

To date, nothing can really beat the transactional security afforded by 10000 GPUs on POW compared to a few thousand CPUs on POS.

in another word, PoW more secure than PoS (at least the bad guys need more effort to make the network down [it was expensive, right?]) 

[CryptoStats]

I don't know if it's the future of mining... I invested in few PoS masternodes and they're pretty new projects.

I think PoS masternode bubble ended few months ago. I saw coin developers selling first masternodes in auction (5 BTC) and now coin is abandoned. Masternode price now is 15$.

[texgeek]

I loose lot money on MN's...

Today i keep running just one MN (POLIS),

All others scams or fake projects,

Thats problem with MN.

I still buying universa UTN , because they will launch MN on future , and this project to my opinion is solid.

[adamantasaurus]

Yea I invested in about 14 different ones and out of those 14 only 1 turned out to be a straight up scam lost a good deal of money

How about your Raspberry Pi project? (I still remember your shitty old HP laptop) 

I know that your context is more to investment to make a profit (not the mining process itself). On the investment context may you were right, PoS more efficient, less costly, easier than PoW, and so on. (I ignore the risk of scam)

On the technical sides, I agree with DevelopmentBank.

To date, nothing can really beat the transactional security afforded by 10000 GPUs on POW compared to a few thousand CPUs on POS.

in another word, PoW more secure than PoS (at least the bad guys need more effort to make the network down [it was expensive, right?]) 

Ah I see what your saying because there are more miners than there are masternodes usually so the network is more secure

Im actually writing to you on my shitty HP laptop right now lol. And I still have not had the time to mess around with the raspeberry pi's I got the learning curve would take a lot of time. But I did order a mini ASUS pc stick to stake on

[Geraldo]

Ah I see what your saying because there are more miners than there are masternodes usually so the network is more secure

Yeah, not just the number of the active client, but also the protocol itself.

Im actually writing to you on my shitty HP laptop right now lol.

I glad to hear that. 

And I still have not had the time to mess around with the raspeberry pi's I got the learning curve would take a lot of time. But I did order a mini ASUS pc stick to stake on

Sound good. 
I manage servers in a few offices (my clients), and I have full control of those servers. Maybe I should talk about this Proof of Stake with them (I don't want to cheat them). My last PoS coin is Peercoin (it was a long time ago), maybe I'll try it again this time (if they permit) 

[togoshigekata]

Ive read a few negative things about PoS (Proof of Stake)

"The Inevitable Failure of Proof-of-Stake Blockchains and Why a New Algorithm is Needed (Op-Ed)"
https://cointelegraph.com/news/the-inevitable-failure-of-proof-of-stake-blockchains-and-why-a-new-algorithm-is-needed

"Proof-of-Stake & the Wrong Engineering Mindset"
https://medium.com/@hugonguyen/proof-of-stake-the-wrong-engineering-mindset-15e641ab65a2

But I do not consider myself an expert, my mind is very open

==

I love Masternodes though! The Monthly Budget is the key feature.
I think we will start seeing more masternode coins rise,
But you still need a way to secure the blockchain,
masternodes just help provide governance, self budget, privatesend and instantsend

[john1010]

I loose lot money on MN's...

Today i keep running just one MN (POLIS),

All others scams or fake projects,

Thats problem with MN.

I still buying universa UTN , because they will launch MN on future , and this project to my opinion is solid.

Your post is a big help for me, I'm on the process of searching an MN base coins, since I'm a miner and we all know that the GPU mining is on the struggling stage now, I am looking for diversity and that is Masternode mining, I am aware now of every project offers MN.. I am watching on this thread..

[Mike011]

POS is the same thing as if you would put your money in the bank and leave it there for an interest. So it has nothing to do with "mining". FYI

[jmigdlc99]

POS is the same thing as if you would put your money in the bank and leave it there for an interest. So it has nothing to do with "mining". FYI

Well not really unless you are doing POS with a third party service. Real POS involves having a dedicated computer/server turned on 24/7 to also validate any transactions that are sent your way. So technically, yes, it is still mining, mining transactions at the cost of "staking" your coins in case you try and do anything something malicious.

POS could be the future, but until real coins like ETH implement it, i wouldn't decide anything yet.

[Galley]

I like Masternodes. Not so long ago, I was already thinking about a possible acquisition. However, the main disadvantage of this issue is the inability to be sure of the reliability of the project. After all, to lose a lot of money, I have no desire. Although this topic is very interesting to me.

[Mike011]

POS is the same thing as if you would put your money in the bank and leave it there for an interest. So it has nothing to do with "mining". FYI

Well not really unless you are doing POS with a third party service. Real POS involves having a dedicated computer/server turned on 24/7 to also validate any transactions that are sent your way. So technically, yes, it is still mining, mining transactions at the cost of "staking" your coins in case you try and do anything something malicious.

POS could be the future, but until real coins like ETH implement it, i wouldn't decide anything yet.

No it is not. Your "mining" is actually supporting the network for free. And just like the bank, your share(interest) depends on the size of your stake. But, unlike the bank, the amount of risk is ridiculous.

[grendel25]

If we're going to talk speculative future I like to look back on history.

Maybe 2013 was the year of bitcoin when it finally got everyone's attention by beating the price of gold per ounce after being introduced in 2009.  The hype was short-lived and spoiled by Mt Gox and probably other scandals.  4 years later bitcoin again took the stage about a year after halving, similar to what we say for 2012/2013 with bitcoin.

2017 was also the year of the ICO and now 2018 is the year of the masternode.  What will 2019 be the year of?  Okay, let's not get ahead of ourselves and stick with the history theme here...

So here we are in 2018... I think what we are witnessing are hype cycles around assets that have proven to be durable over the course of time and highly reliant upon the community of developers and users supporting them.  So let's consider bitcoin again.  

2009 was the genesis and it took roughly 4 years for it to be appreciated as a monetary success.  Ethereum's genesis was 2015 and about 2 years later it gained a boon from ICOs.  So Bitcoin took around 4 years for wide-spread-MF'ing panic while Ethereum was about 2 years for the ICO explosion.  Okay, obviously these are apple/oranges comparisons.  Still, there are notable similarities and parallels into Masternode coins.

My point is this:  Masternode coins are viable and do have a good chance to be successful.  How anyone quantifies that success is a matter of various metrics.  Essentially, cryptocurrencies serve the same basic function but come with various features that make them unique.  But at the end of it all... what really matters for the investor, user, developer, etc is that there be some measure of value transferrable from various products/services to the digital blockchain.  This will continue to drive interest in blockchain as it always has and this is why we are all sitting here entertaining such ventures.

[Mike011]

Masternode coins are viable and do have a good chance to be successful.

Based on what?

[grendel25]

Masternode coins are viable and do have a good chance to be successful.

Based on what?

Dash for starters.

[markiz73]

POW mining requires expensive equipment for POS mining needs coins.
POW coins have the cost of production, the cost of POS coins tends to 0.
With equipment for mining you can mine different coins. You are not attached to one coin, if its rate has fallen, then you can get another.
If the coin POS rate fell, you lost money.
POS mining resembles a game with chairs, only it has 100 players and 10 chairs. 10 sit on the chairs, the rest on the ass

[mimagneto]

So I started mining with GPU's bought a few asics and sold everything before the summer began (because last summer it was just not comfortable in my place with all my miners lol). I really love the idea of mining and generating coins there are so many different ways to mine. I recently got interested in masternodes it only costs me $15/mo to run 4 vps servers (vs. $500-$800/mo in electricity with POW mining) SO I know there are a lot of masternode scams and was told before I got into them to be very careful (I ended up only getting burned badly with one coin) every other coin I invested in turned out to be a pretty solid project.

SO I'm curious what does the community think will POS/masternodes phase out the physical POW mining protocol I really think there are a lot more advantages of POS over POW, what do you all think?

good day

Honestly, I think that all forms of mining will continue to grow and be developed.  Also perhaps even new forms of mining will be created and perfected as well.  Some of my favorite ways of mining are Masternodes and Proof of Stake mining, and perhaps some of the most advantageous as well.  If we look at Cryptocurrencies and Blockchain Technology as a whole, we're literally in the infant stages of development.  It's truly an amazing time in human history to witness the birth and rise of one of the greatest inventions humanity has seen in a very long time.

mimagneto

[enhu]

So I started mining with GPU's bought a few asics and sold everything before the summer began (because last summer it was just not comfortable in my place with all my miners lol). I really love the idea of mining and generating coins there are so many different ways to mine. I recently got interested in masternodes it only costs me $15/mo to run 4 vps servers (vs. $500-$800/mo in electricity with POW mining) SO I know there are a lot of masternode scams and was told before I got into them to be very careful (I ended up only getting burned badly with one coin) every other coin I invested in turned out to be a pretty solid project.

SO I'm curious what does the community think will POS/masternodes phase out the physical POW mining protocol I really think there are a lot more advantages of POS over POW, what do you all think?

good day

Honestly, I think that all forms of mining will continue to grow and be developed.  Also perhaps even new forms of mining will be created and perfected as well.  Some of my favorite ways of mining are Masternodes and Proof of Stake mining, and perhaps some of the most advantageous as well.  If we look at Cryptocurrencies and Blockchain Technology as a whole, we're literally in the infant stages of development.  It's truly an amazing time in human history to witness the birth and rise of one of the greatest inventions humanity has seen in a very long time.

mimagneto

Agreed 

There are some Masternode coins I would like to try, I think its very legit like the Bubbletone that recently did an ICO. I don't think they are scam because they partnered with lots of telcos and they are up and running already. They haven't publish yet about how to set up their masternodes, I'm just wondering whether its worth the while  and can we get enough to pay the monthly bills like the $15/month.

Which hosting did you inquire where you can only pay $15/month for 4 VPS?

[markiz73]

The main reason for the development of cryptocurrency is their price.
People often confuse the Blockchain Technology and the scam that we see on the forum.
All new POS coins generally do not bring any benefit, but are made for pamps on crypto-exchange exchanges.
To release a scam, a team of several people and several rented servers are needed.
The blockchain technology has been in operation for about 9 years, and only a few coins are useful.

[mimagneto]

So I started mining with GPU's bought a few asics and sold everything before the summer began (because last summer it was just not comfortable in my place with all my miners lol). I really love the idea of mining and generating coins there are so many different ways to mine. I recently got interested in masternodes it only costs me $15/mo to run 4 vps servers (vs. $500-$800/mo in electricity with POW mining) SO I know there are a lot of masternode scams and was told before I got into them to be very careful (I ended up only getting burned badly with one coin) every other coin I invested in turned out to be a pretty solid project.

SO I'm curious what does the community think will POS/masternodes phase out the physical POW mining protocol I really think there are a lot more advantages of POS over POW, what do you all think?

good day

Honestly, I think that all forms of mining will continue to grow and be developed.  Also perhaps even new forms of mining will be created and perfected as well.  Some of my favorite ways of mining are Masternodes and Proof of Stake mining, and perhaps some of the most advantageous as well.  If we look at Cryptocurrencies and Blockchain Technology as a whole, we're literally in the infant stages of development.  It's truly an amazing time in human history to witness the birth and rise of one of the greatest inventions humanity has seen in a very long time.

mimagneto

Agreed 

There are some Masternode coins I would like to try, I think its very legit like the Bubbletone that recently did an ICO. I don't think they are scam because they partnered with lots of telcos and they are up and running already. They haven't publish yet about how to set up their masternodes, I'm just wondering whether its worth the while  and can we get enough to pay the monthly bills like the $15/month.

Which hosting did you inquire where you can only pay $15/month for 4 VPS?

Hey bro,

If you go and try out Vultr.com, you'll be able to get a VPS for only a few bucks per month.  For instance, if you UL your own ISO file, this saves you a bunch of money monthly.  Also then you can choose Linux, which is a less expensive option as well.  There's also a $25 coupon that you can get just for signing up with them.  Here's the direct link to the coupon and signup.  https://www.vultr.com/promo25b?service=promo25b   They give you $25 just for signing up, a few weeks ago it was $100 coupon. 

mimagneto

[raghovsing34]

I don't know if it's the future of mining... I invested in few PoS masternodes and they're pretty new projects.

I think PoS masternode bubble ended few months ago. I saw coin developers selling first masternodes in auction (5 BTC) and now coin is abandoned. Masternode price now is 15$.

There have lot projects like your. They can't control their coins price and they sell out their coins and dump the price.

[Esterklu]

POS doesn't require any special equipment, also there is no a running cost, i.e. it is just a regular electricity consumption of your laptop. Let's say, POS is accessible for everybody easier than POW. That's why i prefer this way. Also there are pools for those unable to keep a wallet open 24/7. In this way POS looks like a truly passive income: you need just get coins, place them to pool and await for an income. Of course, a risk of scam remains, but where is not this risk? Also POW or any other doesn't protect from such risks.

[libert19]

I would also add dPOS, it's much better than pow and probably better than pos/masternodes, you are incentivized to secure the network and you need to add value to the network to get the votes. In those three it's mostly about money, while in dpos, your skills determine your position.

[KryptoKai]

DPOS is definitely worth looking at. LISK was one of the first to implement it, but they are going to change it due to monopoly issues. Tezos is a better dpos system and great investment

[fast2fix]

POS doesn't require any special equipment, also there is no a running cost, i.e. it is just a regular electricity consumption of your laptop. Let's say, POS is accessible for everybody easier than POW. That's why i prefer this way. Also there are pools for those unable to keep a wallet open 24/7. In this way POS looks like a truly passive income: you need just get coins, place them to pool and await for an income. Of course, a risk of scam remains, but where is not this risk? Also POW or any other doesn't protect from such risks.

well some pos coins don't require any special hardware and some do[for higher earning] , the downside to pos is that your coins are exposed. i think all those pos coins should implement cold staking like aura.

[VanDeinsberg12]

Masternodes should be chosen with care! Most of the new projects do not yet cover the cost of the node!

It's just like a betting, when you have no amount and then you can't become a masternode for the major coin just like dash which needed more than 100k dollars to become masternodes.
A lot of MN coins but only some can be trusted by the problem it needs a lot of money.

[Vektrum]

Now many young coins that have the PoS+Masternode consensus algorithm cause losses to their investors. Masternodes are expensive, about several thousand dollars, but after a while their price drops to several tens of dollars. And this is most likely due not to the general market downturn, but to a specific coin. Often such coins are not promising and therefore have no future. You need to understand that you need to evaluate the project as a whole, because the PoS+Masternode algorithm does not make the coin valuable. Its value determines the product offered by the project team, the coin community, the community benefits and much more.  For those who want to try how it works, you can take advantage of masternodes pools, in which we put a small part of the coins and monitor the profitability, the change in the price of the coin. In this way, you can gain experience and understand whether it is worth doing this and invest large sums.

[Psynthax]

DPOS is definitely worth looking at. LISK was one of the first to implement it, but they are going to change it due to monopoly issues. Tezos is a better dpos system and great investment

Lisk is the first but it's not so impressive as those people said about how good DPOS based on their argumentations. I would like to see a hybrid system like POS combined with POW rather than DPOS.

[Christinebeauty]

Its very true. The proof-of-stake mining uses less electricity than the proof-of-work and it makes it more profitable and preferable to mine. I just hope these new masternode projects, like Veil for instance, brings so much improvement into the mining sector

[sh4dtechnr]

Proof-Of-Stake is very fast regarding transactions / scalability. Decentralization is another story, but there is a very good solutions that allow this consensus algorithm to be decentralized enough.

[franciscoDC]

There are a lot of scam PoS coins and Masternodes.
They promise you a ROI with 30 days... you can look at www.crypto-coinz.net/ for a lot of masternode coins. But you will see what I mean
You should go for safe projects like Ethereum. Ethereum is not PoS currently but will be in the future, or NEO that produce GAS.

Yes probably ,scam PoS coins or Masternodes are everywhere now and as you said that they promise that they will return your investment,actually in my own opinion theres a 70% that they are  legit project but the remaining 30% are the chance that they will scam you,and if you will go for like this token you should think twice because there a lot of token that will bring you and income and great future.

[jonhn772]

There are a lot of scam PoS coins and Masternodes.
They promise you a ROI with 30 days... you can look at www.crypto-coinz.net/ for a lot of masternode coins. But you will see what I mean
You should go for safe projects like Ethereum. Ethereum is not PoS currently but will be in the future, or NEO that produce GAS.

Yes it’s essential for us to choose legit Masternode POS coin. Almost maximum of masternode coin are scam. So we need to research more about them and need to select best coins.

[CryptoKush]

Yes. I think that this kind of mining has a perspective. More and more new projects are starting to use this. Probably in the future, PoW will lose popularity and most coins will use PoS.

[poodle63]

Yes. I think that this kind of mining has a perspective. More and more new projects are starting to use this. Probably in the future, PoW will lose popularity and most coins will use PoS.

We have faced the problem with global warming and the mining gives a significant contribution to the production of electricity that will give a big impact to the pollution. The dev was trying to search an alternative way to the mining crypto use hardware wallet and the answer should be POS or masternode.

[CryptoLing]

Yes. I think that this kind of mining has a perspective. More and more new projects are starting to use this. Probably in the future, PoW will lose popularity and most coins will use PoS.

I don't get this, why one day PoS will overtake PoW. PoW is much fair in initial distribution than PoS and yes for now maybe PoW consume a lot of energy, but if someday PoW consume sustainable energy do you think is still bad. I'm also sure that PoS is much more vulnerable to get 51% attack.

[dentolas]

This is an old and interesting discussion. Both systems have their own pros and cons. Concerning POS, I see mainly 2 major problems that are not solved with adoption/increasing number of masternodes:
- the fact that people with more money can have a better position, in the end this might turn into oligarchy...
- the fact that your investment is the coin alone versus the POW investment that involves hardware. This would affect the value and solidity of the network as it is fairly easy for an investor to sell it's coins and run while on the POW you have machinery
I'm getting very interested in some hybrid systems that combine both systems 

[CryptoLing]

To buy a master node of a normal project you need to have a lot of money, and it is not the fact that you will return the invested funds!

I know a lot good normal project that has master node feature is cost less than $100 and it's a decent project not shit coin. You may get return from your fund and even make profit in the future, just run your node 24/7.

[mak013]

To buy a master node of a normal project you need to have a lot of money, and it is not the fact that you will return the invested funds!

There are lots of "Shared node" services. In such a way you can choose not full MN of a perspective project but a part of it with the same profit. Also you can make your "invest plan" in several MN.

But as for me - nowadays MN looks like as a lottery.

[CryptoLing]

To buy a master node of a normal project you need to have a lot of money, and it is not the fact that you will return the invested funds!

I know a lot good normal project that has master node feature is cost less than $100 and it's a decent project not shit coin. You may get return from your fund and even make profit in the future, just run your node 24/7.

Very interesting! Give at least one example, please! I want to look at these super new shitcoins!

I don't want to shill any project, but you can search it on here, I know around 3-4 good projects that require under $100 to buy the MN and the development is still running.

[CryptoLing]

To buy a master node of a normal project you need to have a lot of money, and it is not the fact that you will return the invested funds!

I know a lot good normal project that has master node feature is cost less than $100 and it's a decent project not shit coin. You may get return from your fund and even make profit in the future, just run your node 24/7.

Very interesting! Give at least one example, please! I want to look at these super new shitcoins!

I don't want to shill any project, but you can search it on here, I know around 3-4 good projects that require under $100 to buy the MN and the development is still running.

Well, how much profit can you make every month by purchasing a master node for $ 100? And do you have confidence that in the future it will be in demand?

The profit is not big of course because I only use small capital, but some of the nodes already BEP which give me 100% of my initial funds. Of course I have confidence, if not why did I buy them in the first place.

[JohnMinelli]

I suggest www.Coinshoarder.net to manage your pos address or mn. It's great to monitor payment and status of node without give out your private key (discord/Telegram/mail notification). Also you can ask to add the coin you want

[Denongels]

In my opinion mining through POW for now is less promising because of the price decline and also the diff which has not yet dropped, and for the post itself masternode does have an advantage because it only has vps but the postal problem requires a number of coins (minimum 1000 thousand coins) to do masternode and of course the price is not cheap but the profit that is obtained if I think is better masternode

[Gabteb]

If its a normal project POS is good but if its a master node os POS which promise thousands of $ just after month then no for example DeepOnion which is hybrid with pow/pos works perfect with pos its realy make you profit not 1000 of $ but there is and we mustnt expect big earnings from pos or master node we need see pos as one of way of working alternative for pow just sometimes people think they must buy master node and be millioner at once.

[Google+]

If its a normal project POS is good but if its a master node os POS which promise thousands of $ just after month then no for example DeepOnion which is hybrid with pow/pos works perfect with pos its realy make you profit not 1000 of $ but there is and we mustnt expect big earnings from pos or master node we need see pos as one of way of working alternative for pow just sometimes people think they must buy master node and be millioner at once.

currently projects that use POS technology are still a few that are successful, some new POS projects are many that are unsuccessful because they see POS / POWs that are difficult to develop and fewer requests make POS technology rarely interested.

[dejankralj101@gmail.com]

Which Masternodes do you guys recomment?

[JeffBrad12]

Which Masternodes do you guys recomment?

You just need to search for a masternode which required a lot of money. A famous masternodes coin means if you can get a lot of emission from your MN. A lot of MN coins but only some like DASH, PIVX, Zrcoin are preferable to consider the fact that those medium masterondes coins give you a little emission and it's too risky.

[dejankralj101@gmail.com]

Which Masternodes do you guys recomment?

You just need to search for a masternode which required a lot of money. A famous masternodes coin means if you can get a lot of emission from your MN. A lot of MN coins but only some like DASH, PIVX, Zrcoin are preferable to consider the fact that those medium masterondes coins give you a little emission and it's too risky.

So spend money to make money over time, its that type of thing?

[Tmdz]

You have to choose wisely when picking a MN coin, only go for the ones that have great devs on board building a solid project.

Currently I have a Pirl master node and I gpu mine them as well.
The MN cost about $550 and make $20 a month

So it's about the same as buying a gpu to mine take or give but with a healthy market those coins can really take off and the profit on them can be huge in that case.  It is a way to hodl and earn at the same time

[cryptomaxsun]

No, the future is not for the POS and the masternodes, they will never replace the POW-mining.
Masternode in such a way as it is there will simply die out, now it is observed.
Pos takes its small part, no more.

[hahahafr]

I agree with you perfectly that Proof-of-Stake consensus is actually the future of mining cryptocurrencies because of the low energy consumption and the low cost in setting up a masternode. You sure have to get your eyes opened when investing in them because there are a whole lot of scam masternodes out there.

[libert19]

No, the future is not for the POS and the masternodes, they will never replace the POW-mining.
Masternode in such a way as it is there will simply die out, now it is observed.
Pos takes its small part, no more.

Pow will probably get obsolete soon,  you know this pow mining takes a lot of electricity. Ethereum is switching to PoS soon as well.

[Chikito]

Which Masternodes do you guys recomment?

You just need to search for a masternode which required a lot of money. A famous masternodes coin means if you can get a lot of emission from your MN. A lot of MN coins but only some like DASH, PIVX, Zrcoin are preferable to consider the fact that those medium masterondes coins give you a little emission and it's too risky.

So spend money to make money over time, its that type of thing?

yeah, you ask the question and cynicism word answer you type.
that's mean masternode/pos work add your balance to get alot stake for competition, small balance you have and small stake you get in

[EdvinZ]

I think Masternodes and POS mining has advantages over POW mining when it comes to caring for the environment. POS is also more convenient in use. But due to a number of economic reasons, I think that POW principle will compete for a long time with the rest of the mining methods.

[Cellerex]

I think Masternodes and POS mining has advantages over POW mining when it comes to caring for the environment. POS is also more convenient in use. But due to a number of economic reasons, I think that POW principle will compete for a long time with the rest of the mining methods.

I think that in the future, the cryptocurrency is likely to abandon the classic mining POW Due to high energy costs and environmental concerns. That is why Vitalik Buterin is going to transfer Ethereum from POW to POS.

[lobat999]

I believe masternodes and POS maybe the current trend right now to secure networks and generate coins along with it but I'm not very sure if it will be the future of mining since many promising consensus technology and algorithms are being developed right now that could compete with them if they are proven effective and efficient over today's contemporary mining schemes and algorithms. Imho.

[viljy]

I totally disagree that POS or masternodes or dPOS are better than POW. POS is only an auxiliary element for greater network security. And so often do POW+POS. Pure POS coins are much more at risk of 51% attack, as the cost of such an attack is much lower than the probability of capturing 51% of the POW power on a large network. To do this, you need to buy for real money huge computing power and electricity. But to attack POS, you only need to buy coins in a period of low prices. In addition, in the POS very uneven distribution of coins and whales can always get coins "out of the air" only because once bought very cheap a lot of coins. This situation is almost in all POS networks and their varieties with masternodes or dPOS. The most fair algorithm for the distribution is POW. Also, the price of POW coins initially has a minimum formed from the cost of mining. The price of POS coins is formed only from speculation and marketing.

[Lucasgabd]

I totally disagree that POS or masternodes or dPOS are better than POW. POS is only an auxiliary element for greater network security. And so often do POW+POS. Pure POS coins are much more at risk of 51% attack, as the cost of such an attack is much lower than the probability of capturing 51% of the POW power on a large network. To do this, you need to buy for real money huge computing power and electricity. But to attack POS, you only need to buy coins in a period of low prices. In addition, in the POS very uneven distribution of coins and whales can always get coins "out of the air" only because once bought very cheap a lot of coins. This situation is almost in all POS networks and their varieties with masternodes or dPOS. The most fair algorithm for the distribution is POW. Also, the price of POW coins initially has a minimum formed from the cost of mining. The price of POS coins is formed only from speculation and marketing.

actually, can you name one POS project that had a 51% attack?

Still, I agree that mixing POW + POS (like Decred let's say) it's usually one of the best ways to go.
but not for this reason.

specially because POS is usually : "riches gets richer".

[viljy]

actually, can you name one POS project that had a 51% attack?

Still, I agree that mixing POW + POS (like Decred let's say) it's usually one of the best ways to go.
but not for this reason.

specially because POS is usually : "riches gets richer".

I will give an example from my own experience. As everyone knows, Deeponion uses POW+POS. In 2017, many did staking. Developers who had much more than 50% of the coins also did so. Since they claimed that they do not have enough coins to pay for various expenses. And in deeponion, the weight depends not only on the number of coins in the wallet, but also on the length of time that the coins lie on the address. Therefore, when the developers turned on their wallet periodically after a few days (this is important, since the POS began with the block in which the wallet was turned off earlier), its huge weight produced a fork, since it was at a lower height of the block. And this happened repeatedly. All mined coins for the period when the wallet developers were not online, disappeared from the wallet. Perhaps this is a flaw in the project, but it does not matter, and the important fact is that this is an attack of 51%. And the attack, against which even POW did not save.

[corrado25]

Well, masternodes and pos mininf is also a risk. you also invest money to buy coins for masternodes / pos both in video cards for pow mining and if the price of a monetail collapses, then you will have to reflect the invested money for a longer time. Help only do not invest in some cheap POS coins by 10satoshi

[Alpha0One1]

Both Masternode/PoS and PoW is prone to centralization.
PoW due to corporations owning ASIC machines
Masternode/PoS due to centralization of coins.

For now, I think combining both PoS and PoW is the best at this time.
But of course, those with deep pockets can still hoard coins and buy more ASIC hardwares.

[GospelCrypto2]

So I started mining with GPU's bought a few asics and sold everything before the summer began (because last summer it was just not comfortable in my place with all my miners lol). I really love the idea of mining and generating coins there are so many different ways to mine. I recently got interested in masternodes it only costs me $15/mo to run 4 vps servers (vs. $500-$800/mo in electricity with POW mining) SO I know there are a lot of masternode scams and was told before I got into them to be very careful (I ended up only getting burned badly with one coin) every other coin I invested in turned out to be a pretty solid project.

SO I'm curious what does the community think will POS/masternodes phase out the physical POW mining protocol I really think there are a lot more advantages of POS over POW, what do you all think?

good day

In my opinion,  masternode coins are really going to take the crypto market by force.. Majority of the masternode currency are a lot  more stable in term of prices  and with proof of stake (Pos) algorithm it reduces consumption of electricity and computational power leaving room for a  greener society..

[viljy]

In my opinion,  masternode coins are really going to take the crypto market by force.. Majority of the masternode currency are a lot  more stable in term of prices  and with proof of stake (Pos) algorithm it reduces consumption of electricity and computational power leaving room for a  greener society..

The imaginary advantage of POS is that this algorithm saves electricity. In fact, electricity should be spent, since these expenses revive the economy and increase the turnover of money. POW helps to increase the production of electricity, including alternative electricity such as solar. Means POW promotes progress.  Subsequently, this leads to a decrease in prices. POS just sucks the life out of the economy and "freezes" real money in their coins. POS does nothing for economic growth or production. POS coins can only have a highly specialized application for some specific tasks, for example as BNB for the functioning of the exchange.

[lobat999]

I believe Masternodes/POS will not be the future of mining but rather they will only become a part of a multi consensus mechanism which applies several different consensus technology to make the network more secure and robust. This I think will the future of mining.

[hahahafr]

Proof-of-Stake to me is the future of mining of cryptocurrencies because of how convenient it is. That's why these days most projects and blockchain networks are switching to that consensus protocol. Ethereum for instance got on board with this consensus mechanism when it upgraded it's network during that Constantinopole hardfork.

[fortunecrypto]

There are a lot of scam PoS coins and Masternodes.
They promise you a ROI with 30 days... you can look at www.crypto-coinz.net/ for a lot of masternode coins. But you will see what I mean
You should go for safe projects like Ethereum. Ethereum is not PoS currently but will be in the future, or NEO that produce GAS.

I agree that POS is the future of mining I am gearing on it, but I prefer to wait for Ethereum to go POS it's a safe investment for mining but if I can search for a good POS/MASTERNODES coins I'll definitely go for it every crypto investors should have at least an investment in mining.

[iv4n]

There are a lot of scam PoS coins and Masternodes.
They promise you a ROI with 30 days... you can look at www.crypto-coinz.net/ for a lot of masternode coins. But you will see what I mean
You should go for safe projects like Ethereum. Ethereum is not PoS currently but will be in the future, or NEO that produce GAS.

I agree that POS is the future of mining I am gearing on it, but I prefer to wait for Ethereum to go POS it's a safe investment for mining but if I can search for a good POS/MASTERNODES coins I'll definitely go for it every crypto investors should have at least an investment in mining.

Ethereum going POS will be a big deal in crypto community, many people are waiting that. POS coins are the future, at least some people say it, cause it you don`t spend so much power with staking, with mining you need a lot of power to run miners.
Dash is also POS, but you need a lot of dash to run masternod, we will see for ethereum how much coins will we need to run a masternode, probably 1000, which is more than 100k dollars for running a node.

[smau36]

well we'll see what it will do ethereum and maybe other crypto hang out on this world also because at least 51% of the coins hold it for them

[irixo10]

In mining, electricity plays a very big role, as it has a huge effect on the payout or profit the miner goes home with. Owing to the fact PoS tends to be energy efficient, I think it will be the future of mining.
Just like many individuals, am waiting for ETH to make the move.

[Darkoth89]

Both Masternode/PoS and PoW is prone to centralization.
PoW due to corporations owning ASIC machines
Masternode/PoS due to centralization of coins.

For now, I think combining both PoS and PoW is the best at this time.
But of course, those with deep pockets can still hoard coins and buy more ASIC hardwares.

The reason why most of the hashing power for PoW is under the control of big companies like Bitmain is, in my opinion, because of the need of expensive mining equipment (ASIC miners). I am sure a lot of more people, me included, would love to help making the network as secure and decentralized as possible. But when you first have to make a huge invesment only to be able to mine that's something that will scare away a lot of people.

[rdewilde]

Cheaper way of doing things can't be overemphasized, thus with PoS using less energy it means more profit for miners. Also, ETH believes there will be more security by migrating to PoS consensus.
Nevertheless, I will wait it out and see how it goes because truly, investing huge to be able to mine isn't really a good idea.

[cryptomaxsun]

There is one very significant drawback in the POS - this is when to generate new coins, you need to purchase or else where you can get a lot of coins. What makes the rich richer.
In some coins, several people hold the entire network and generate coins.
Simple users with a small amount of coins simply can not earn anything.

Unlike POW, where even the owners of processors on some algorithms can earn.

[CryptoKush]

There is one very significant drawback in the POS - this is when to generate new coins, you need to purchase or else where you can get a lot of coins. What makes the rich richer.
In some coins, several people hold the entire network and generate coins.
Simple users with a small amount of coins simply can not earn anything.

Unlike POW, where even the owners of processors on some algorithms can earn.

On the other hand, the coins that use PoS do not require large amounts of electricity and the miners do not have to sell their coins to pay for electricity. In addition, most coins are in stacking and this does not create pressure on the price.

[mak013]

There is one very significant drawback in the POS - this is when to generate new coins, you need to purchase or else where you can get a lot of coins. What makes the rich richer.
In some coins, several people hold the entire network and generate coins.
Simple users with a small amount of coins simply can not earn anything.

Unlike POW, where even the owners of processors on some algorithms can earn.

On the other hand, the coins that use PoS do not require large amounts of electricity and the miners do not have to sell their coins to pay for electricity. In addition, most coins are in stacking and this does not create pressure on the price.

The rich always become richer, same PoS or PoW or MN. In one way he buys equipment and in another way - he buy coins.
You are right about PoS but there is just one moment that breaks all the others.Most of "teams"/"developers" just selling coins from premine. I cant name new PoS projects with a real goal.

[JeffBrad12]

Cheaper way of doing things can't be overemphasized, thus with PoS using less energy it means more profit for miners. Also, ETH believes there will be more security by migrating to PoS consensus.
Nevertheless, I will wait it out and see how it goes because truly, investing huge to be able to mine isn't really a good idea.

More profit? are you joking with me? when there was a coin that used POS system and usually it will not implement POW system as long as the platform used the hybrid system that combined POS and POW. The reward of miners depend on the difficulty, block reward and hashrate power. if that was a POS consensus only and there will be no miners.
the blockchain being secured through distributing the hashrate power to the coin that can be used for staking.
Ethereum will migrate into the hybrid system and please read the latest WP carefully.

[Zemomtum]

There are lot benefits in POS over POW, the first one being the cost of running. If genuine one is found, proof of stake will definitely yield more return in term of profit as compared to proof of work which is expensive to maintain based on the electricity required

[dentolas]

POS is definitely evolving and has some clear advantages in relation to POW, nevertheless it also have cons...
For me the major downsides of POS are the fact that POS can easily convert into an oligarchy, and that the investment has almost no commitment as you can sell your coins at any moment and just forget about it... on POW you have a structure, hardware... so the network will have a different value...
Anyway, I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...

[Lucasgabd]

POS is definitely evolving and has some clear advantages in relation to POW, nevertheless it also have cons...
For me the major downsides of POS are the fact that POS can easily convert into an oligarchy, and that the investment has almost no commitment as you can sell your coins at any moment and just forget about it... on POW you have a structure, hardware... so the network will have a different value...
Anyway, I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...

that was what I was talking about.
POS sometimes just becomes "riches getting richer" while POW has more game theory, you can't simply game it everytime.
of course having more money will help but it's not always the case.

[poodle63]

POS is definitely evolving and has some clear advantages in relation to POW, nevertheless it also have cons...
For me the major downsides of POS are the fact that POS can easily convert into an oligarchy, and that the investment has almost no commitment as you can sell your coins at any moment and just forget about it... on POW you have a structure, hardware... so the network will have a different value...
Anyway, I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...

that was what I was talking about.
POS sometimes just becomes "riches getting richer" while POW has more game theory, you can't simply game it everytime.
of course having more money will help but it's not always the case.

Please tell me how much money do you need to create such a mining rig that will bring you on the profit. Have you seen those big mining companies? When the difficulty is increasing a lot and that will reduce your reward and you need to put more and more rigs to make your profit from the network to be stable. Basically, to run a consensus already considered as an outdated system.
We need something that can create such a fair distribution.
Those big mining companies are riches that getting richer and look at how the domination in any POW blockchain has been dominating by them all.

[calandra78]

I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...

You have a good thing to compare it both, hybrid system still get coin first on POW algorytm. When coin have enough to balance on wallet, then Coin going to change algorytm to POS. We still have a good hardware to do what you thing and same case with mining using POW as ussually.

[lobat999]

I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...

You have a good thing to compare it both, hybrid system still get coin first on POW algorytm. When coin have enough to balance on wallet, then Coin going to change algorytm to POS. We still have a good hardware to do what you thing and same case with mining using POW as ussually.

I also think Blockchain technology is still an emerging technology and I'm sure there will be other sophisticated technologies that will be discovered or invented and that may incorporate masternodes / POS systems which could result to an efficient,effective and more secure hybrid network. Though I guess its still too early right now to arrive at that idea.

[meanwords]

There are lot benefits in POS over POW, the first one being the cost of running. If genuine one is found, proof of stake will definitely yield more return in term of profit as compared to proof of work which is expensive to maintain based on the electricity required

That's right. POW is way more expensive to maintain that POS. It's better to just buy the coin in the market and stakes those in a wallet. Not only it's less hassle, you'll also helping the market grow. POS is the future in my opinion.

[CLywaTeLb]

POS is definitely evolving and has some clear advantages in relation to POW, nevertheless it also have cons...
For me the major downsides of POS are the fact that POS can easily convert into an oligarchy, and that the investment has almost no commitment as you can sell your coins at any moment and just forget about it... on POW you have a structure, hardware... so the network will have a different value...
Anyway, I think the future will reside on hydryb systems that include these two... or maybe on a different protocol, from the new ones under testing...

that was what I was talking about.
POS sometimes just becomes "riches getting richer" while POW has more game theory, you can't simply game it everytime.
of course having more money will help but it's not always the case.

You are talking about potential risks for the POW. Yes this is so. But the main risk for POW and POS is the same: the dynamics of the price of a coin. In addition, the larger the mining company, the more confident it will be to remain in the saddle. In the end, this is the same oligarchy.
When POS is commensurate with POW reliability, the choice will be obvious. It is the matter of time.

[Marvell2]

Even Aion is moving to hybrid pow

[Google+]

There are lot benefits in POS over POW, the first one being the cost of running. If genuine one is found, proof of stake will definitely yield more return in term of profit as compared to proof of work which is expensive to maintain based on the electricity required

That's right. POW is way more expensive to maintain that POS. It's better to just buy the coin in the market and stakes those in a wallet. Not only it's less hassle, you'll also helping the market grow. POS is the future in my opinion.

from the analysis of the POW or POS method, what will become number one seems to be POS and I think this method in the future will last a little longer than POW.

[Psynthax]

There are lot benefits in POS over POW, the first one being the cost of running. If genuine one is found, proof of stake will definitely yield more return in term of profit as compared to proof of work which is expensive to maintain based on the electricity required

That's right. POW is way more expensive to maintain that POS. It's better to just buy the coin in the market and stakes those in a wallet. Not only it's less hassle, you'll also helping the market grow. POS is the future in my opinion.

from the analysis of the POW or POS method, what will become number one seems to be POS and I think this method in the future will last a little longer than POW.

Not sure about that because if you are using one of them and that still has a chance to be a centralized system but POS is in demand right now consider about it's more conservative and fair to give a chance to the holders to get the benefits from the network rather than putting all of the POWER to the miners. Hybrid will be much preferable to be used by any platform in the future caused by it will create a stable ecosystem that will be decentralized. Both stakers and miners are securing the network at the same time.

[mak013]

There are lot benefits in POS over POW, the first one being the cost of running. If genuine one is found, proof of stake will definitely yield more return in term of profit as compared to proof of work which is expensive to maintain based on the electricity required

That's right. POW is way more expensive to maintain that POS. It's better to just buy the coin in the market and stakes those in a wallet. Not only it's less hassle, you'll also helping the market grow. POS is the future in my opinion.

But in PoW you can change mining coins when it scams but in PoS you have to sat "bye-bye" to your money and buy new coins. And main profit from MN and PoS you can get at start, when the quantity of coins is rather small. And this time mostly you cant say will it cost anything or not.

[Cellerex]

But in PoW you can change mining coins when it scams but in PoS you have to sat "bye-bye" to your money and buy new coins. And main profit from MN and PoS you can get at start, when the quantity of coins is rather small. And this time mostly you cant say will it cost anything or not.

You are absolutely right. Miners can have the main profit at the start of the project, while the network has a small number of miners. And in POS coins you need to constantly increase the number of coins on your balance.

[whiteblue]

But in PoW you can change mining coins when it scams but in PoS you have to sat "bye-bye" to your money and buy new coins. And main profit from MN and PoS you can get at start, when the quantity of coins is rather small. And this time mostly you cant say will it cost anything or not.

You are absolutely right. Miners can have the main profit at the start of the project, while the network has a small number of miners. And in POS coins you need to constantly increase the number of coins on your balance.

mining does require a lot of graphics card devices and you have to be prepared to need very high electrical capacity but with mining methods like POS this might save you the cost of electricity because you don't need electricity, you can get a lot of coins the advantages of that method.

[Keadyar]

mining does require a lot of graphics card devices and you have to be prepared to need very high electrical capacity but with mining methods like POS this might save you the cost of electricity because you don't need electricity, you can get a lot of coins the advantages of that method.

That is why I believe that the future belongs to the masternodes and POS. This technology is more efficient and safer.

[ikicha]

Almost 90% of masternodes coin will scam and using like Ponzi scheme. You can check at Masternodes.online.  developer only takes money from you then destroys the market with insane dumping on pre-mine. Everyday sells and others will make Masternode/PoS killed

[VanDeinsberg12]

Almost 90% of masternodes coin will scam and using like Ponzi scheme. You can check at Masternodes.online.  developer only takes money from you then destroys the market with insane dumping on pre-mine. Everyday sells and others will make Masternode/PoS killed

Only some of them look better in my view. This time i used sins and dash MN and so far i got no problem with it and i just take a month to get back my ROi from sins.
I bought them when it worth $1.45 and this time it has turned 3x from my initial rate to buy MN. But what about the rest? 

[necromastery]

from the analysis of the POW or POS method, what will become number one seems to be POS and I think this method in the future will last a little longer than POW.

That's right, since it's simple and just need a computer that can be live. But I often see the price of PoS coins easily destroyed in the market, possibly caused by big bag holders that can get the coins easily. It was one of the reasons why PoS is not liked even though it's easy.

[X-ray]

mining does require a lot of graphics card devices and you have to be prepared to need very high electrical capacity but with mining methods like POS this might save you the cost of electricity because you don't need electricity, you can get a lot of coins the advantages of that method.

That is why I believe that the future belongs to the masternodes and POS. This technology is more efficient and safer.

But centralized. Remember how so many parties are accusing DASH as a scam because it's being centralized. It's much safer to trust any coin that used POW to secure the blockchain and POS to create a fair distribution and utility to the token holders and as a token holders i can take the advantage too from the blockchain. That's more efficient but doesnt it look bad  when it comes to the centralized system?

[calandra78]

~

~

I also think Blockchain technology is still an emerging technology and I'm sure there will be other sophisticated technologies that will be discovered or invented and that may incorporate masternodes / POS systems which could result to an efficient,effective and more secure hybrid network. Though I guess its still too early right now to arrive at that idea.

I found one cryptocurrency  when still got high tech to mining hybrid. on step one they mining at CPU to get 100 minimum for staking next step. CPU become hot first over 100% worked then when value gotten 100 coin CPU return to normal and become 1h/s

[Dr.Osh]

Almost 90% of masternodes coin will scam and using like Ponzi scheme. You can check at Masternodes.online.  developer only takes money from you then destroys the market with insane dumping on pre-mine. Everyday sells and others will make Masternode/PoS killed

Is it true ? I am not very familiar with masternode, but it seems that it is simpler than Minning. well, it can indeed be an alternative for people who want to invest like Minning. maybe choosing famous coins like dash can be an option for that.

[Dennicex]

Is it true ? I am not very familiar with masternode, but it seems that it is simpler than Minning. well, it can indeed be an alternative for people who want to invest like Minning. maybe choosing famous coins like dash can be an option for that.

Masternode is a great alternative to classic mining. I think that this method of mining coins is much more promising than mining. In the future, all coins will be either on the POS or on the masternodes.

[viljy]

Masternode is a great alternative to classic mining. I think that this method of mining coins is much more promising than mining. In the future, all coins will be either on the POS or on the masternodes.

Where will the bitcoin be?
Let's wait for ethereum to move to POS and see what happens to its price.

[Lucasgabd]

Almost 90% of masternodes coin will scam and using like Ponzi scheme. You can check at Masternodes.online.  developer only takes money from you then destroys the market with insane dumping on pre-mine. Everyday sells and others will make Masternode/PoS killed

Is it true ? I am not very familiar with masternode, but it seems that it is simpler than Minning. well, it can indeed be an alternative for people who want to invest like Minning. maybe choosing famous coins like dash can be an option for that.

definitely there are many SCAM masternodes, specially high ROI ones
but you can still find some that are good like BLOCK, DASH, so forth and so on...

[Dr.Osh]

definitely there are many SCAM masternodes, specially high ROI ones
but you can still find some that are good like BLOCK, DASH, so forth and so on...

yes, I understand enough for now. it's just that, I don't really know the coins that have this masternode / POS system. well, but in such a case, I think if we have a large number of trusted coins, that is a pretty good thing, especially when the price of the coin goes up. if there is a way to avoid scammers, I think many people will choose this method to do mining.

[Anonylz]

In addition to the above suggestions given by other members, and aside from the veil pos, i think those who are interested runing a node and buying cheap coins to set up masternodes should take look at Daps (though still a token till mainnet is lunched), this is just a mere suggestion to those who are interested to own a node because most masternode coins are rather too expensive now than before, remember to do your DYOR before taking any step.

[lunobird]

In addition to the above suggestions given by other members, and aside from the veil pos, i think those who are interested runing a node and buying cheap coins to set up masternodes should take look at Daps (though still a token till mainnet is lunched), this is just a mere suggestion to those who are interested to own a node because most masternode coins are rather too expensive now than before, remember to do your DYOR before taking any step.

I agree. A lot of ecr20 token projects are setup as dpos and masternodes. Tons of those took a serious beating and dirt cheap. You can buy shipchain which was .30 cents ico price at half a penny. Development on GitHub looks good and they still promoting strong. Same as Pivx. A lot of masternodes oversold so I would scoop up on your favor projects. I'm mining zcoin to get a masternode. Most of them sold like they bull run of 2017 never happened and that killer deals still exist for legit projects

[shinratensei_]

Almost 90% of masternodes coin will scam and using like Ponzi scheme. You can check at Masternodes.online.  developer only takes money from you then destroys the market with insane dumping on pre-mine. Everyday sells and others will make Masternode/PoS killed

Is it true ? I am not very familiar with masternode, but it seems that it is simpler than Minning. well, it can indeed be an alternative for people who want to invest like Minning. maybe choosing famous coins like dash can be an option for that.

definitely there are many SCAM masternodes, specially high ROI ones
but you can still find some that are good like BLOCK, DASH, so forth and so on...

you should go take a took at SINS and see how much ROI you will get for a month just running a masternode. For those have joined when the price was around $1.5 and they have gotten a very short term ROI. A month of running sins masternode already given back your money. Block doesn't seem a good choice because it has small liquidity.

[mak013]

definitely there are many SCAM masternodes, specially high ROI ones
but you can still find some that are good like BLOCK, DASH, so forth and so on...

you should go take a took at SINS and see how much ROI you will get for a month just running a masternode. For those have joined when the price was around $1.5 and they have gotten a very short term ROI. A month of running sins masternode already given back your money. Block doesn't seem a good choice because it has small liquidity.

The one month is too long time to MN with short term ROI. The price going down really more quickly then you get your coins. You can win, but mostly its like casino - you can win, but 50 men - loose. And no one can say who will be this one.

[huhhuh18]

Fact is that everything has two sides- the good and bad sides or pros and cons. However some bad sides are way costly than others so yeah, PoW has some serious demerits buh PoS isn't all that white either. That's why very recent projects are trying to create a blend between the two by using sharding, PoW/PoS algos etc.

[Cellerex]

Fact is that everything has two sides- the good and bad sides or pros and cons. However some bad sides are way costly than others so yeah, PoW has some serious demerits buh PoS isn't all that white either. That's why very recent projects are trying to create a blend between the two by using sharding, PoW/PoS algos etc.

I think that the combined algorithm that includes POW + POS + masternodes is the best decentralization for cryptoprojects.

[serhanni]

Both proof of stake and proof of work has different taste. If you want to join pos or masternode project we need to choose stable ones. There are lots of scammers in pos/masternode projects.

[Psynthax]

Both proof of stake and proof of work has different taste. If you want to join pos or masternode project we need to choose stable ones. There are lots of scammers in pos/masternode projects.

It caused by most of the developers are taking some percentages as their pre mined coin and they dump it to the market. that looks similar to the scam ico but that ico was raising the funds from investors and then they run away with it. Both are having the same taste caused by you get some dividend from the network from the help it to secure the network through staking your coin or put it and make it as master node.

[CryptoKush]

Most new blockchains use PoS. Therefore, I think that PoS is the future. But I think that some good nodes are expensive and you need to look for coins that do not have such a high entry threshold, but are promising.

[Alpha0One1]

So I started mining with GPU's bought a few asics and sold everything before the summer began (because last summer it was just not comfortable in my place with all my miners lol). I really love the idea of mining and generating coins there are so many different ways to mine. I recently got interested in masternodes it only costs me $15/mo to run 4 vps servers (vs. $500-$800/mo in electricity with POW mining) SO I know there are a lot of masternode scams and was told before I got into them to be very careful (I ended up only getting burned badly with one coin) every other coin I invested in turned out to be a pretty solid project.

SO I'm curious what does the community think will POS/masternodes phase out the physical POW mining protocol I really think there are a lot more advantages of POS over POW, what do you all think?

good day

PoW really does waste a lot of electricity.
PoS on the other hand, give you more chance to stake if you have more coins staking or more masternodes BUT with less electricity wastage.

Both are still prone to centralization.
PoW - More hashrate, you get more chance of minting new coins.
PoS - More coins staked, more masternodes or coins staking, you also get more chance of minting new coins.

I don't think it will be possible to solve the centralization, there will always be someone or some group who will try to dominate. That's just human nature, I guess.

[VanDeinsberg12]

So I started mining with GPU's bought a few asics and sold everything before the summer began (because last summer it was just not comfortable in my place with all my miners lol). I really love the idea of mining and generating coins there are so many different ways to mine. I recently got interested in masternodes it only costs me $15/mo to run 4 vps servers (vs. $500-$800/mo in electricity with POW mining) SO I know there are a lot of masternode scams and was told before I got into them to be very careful (I ended up only getting burned badly with one coin) every other coin I invested in turned out to be a pretty solid project.

SO I'm curious what does the community think will POS/masternodes phase out the physical POW mining protocol I really think there are a lot more advantages of POS over POW, what do you all think?

good day

PoW really does waste a lot of electricity.
PoS on the other hand, give you more chance to stake if you have more coins staking or more masternodes BUT with less electricity wastage.

Both are still prone to centralization.
PoW - More hashrate, you get more chance of minting new coins.
PoS - More coins staked, more masternodes or coins staking, you also get more chance of minting new coins.

I don't think it will be possible to solve the centralization, there will always be someone or some group who will try to dominate. That's just human nature, I guess.

Any consensus has a chance to be centralized. The only possible way to create a blockchain that used the combination with all of the consensus that will create a complicated system and decrease the possibility to be centralized system but it looks impossible to do that.
Use combination between POW and POS to make miners and holders become the main players in the blockchain is more than enough for me.

[Dennicex]

Any consensus has a chance to be centralized. The only possible way to create a blockchain that used the combination with all of the consensus that will create a complicated system and decrease the possibility to be centralized system but it looks impossible to do that.
Use combination between POW and POS to make miners and holders become the main players in the blockchain is more than enough for me.

I think that the combined blockchains have a future. Now it is very often possible to meet projects in which at the same time there is a POW + POS + masternodes. It is safe and secure!

[Christinebeauty]

Indeed proof of stake mining is relatively cheaper and more profitable. Since you are interested in masternodes mining then I will recommend Veil masternode project to you. You can make a very handsome profit from it.