Masternodes/POS the future of mining?

[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 

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[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.