beagle1977 (OP)
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July 25, 2018, 03:03:43 PM |
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It need not necessarily be a BTC node. It could be EOS for example. Is it profitable? How do the node owners make money?
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MadGamer
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July 25, 2018, 03:19:21 PM |
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It's profitable with POS coins such as PIVX, DASH etc. by running a Masternode but you'll have to invest in buying coins first, simply running a node without doing anything won't do you anything.
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beagle1977 (OP)
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July 25, 2018, 05:25:06 PM |
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It's profitable with POS coins such as PIVX, DASH etc. by running a Masternode but you'll have to invest in buying coins first, simply running a node without doing anything won't do you anything.
i see....how many coins would be needed to be invested in? |
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MintDice
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July 25, 2018, 07:36:40 PM |
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It's profitable with POS coins such as PIVX, DASH etc. by running a Masternode but you'll have to invest in buying coins first, simply running a node without doing anything won't do you anything.
i see....how many coins would be needed to be invested in? Read this article on a few new coins that are deemed profitable: https://www.gadgetcouncil.com/cryptocurrency/profitable-masternodthe amount of coins needed to be invested depends on the coin, of course--but the article above provides figures for you to reference. For example, for dash you would need 1000 coins to start. |
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harrypot
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July 28, 2018, 05:57:04 AM |
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Yes, it will be profitable to run nodes on mastercoins. But it will be better if it is done on POS with systems such as DASH. But running a node is not enough, one needs to buy coins and invest in it.
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justsimpleram
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July 28, 2018, 06:22:15 AM |
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Yes when you purchase a Master Node in a specific coin you will get their coin while doing nothing. Then it's a great deal if you buy early and that coin price become huge. And while your master node is running you are gaining a coins there and just wait to that coin to pump up.
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pixie85
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July 28, 2018, 07:33:52 PM |
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It's profitable with POS coins such as PIVX, DASH etc. by running a Masternode but you'll have to invest in buying coins first, simply running a node without doing anything won't do you anything.
Most POS nodes are so expensive. If you have enough money to run them you can do anything else like POW mining or lending money to people for a profit. The main problem for a new investor is to have the money to invest. If you got enough running a node is one of the least profitable things you can do. |
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jack.anroid
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July 30, 2018, 10:57:36 AM |
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I think it will be profitable if you get right strategy. You it’s not be profitable if you will owner of node , you need to do some work for it. Many reliable researches are available in internet, from these you can help clear concept. Furthermore you should take help from experts.
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terrific
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July 30, 2018, 11:03:27 AM |
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Running a Masternode with POS coins can bring you profit but simply running a node doesn’t make anything, u have to buy coins first.
Well you just repeated what MadGamer said at post #2. I don't run a node but to those that doesn't have an idea on how much you need to start before buying those coins. Check https://masternodes.online/ to have some thoughts. |
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Symproverse
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July 30, 2018, 01:35:03 PM |
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You need to run a node for specific reasons. They are - if a solo miner, you need to talk to the network and you need a node to do that. Remote nodes are not much reliable to count on. independent nodes will help you secure your network and blockchain more shared. And you may run BTC node if you like.
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SladderyNewS
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July 30, 2018, 02:00:44 PM |
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"I think you should invest in coin first and after doing this you can run a node. But here almost every time, you have to pay for a VPS service to do this. And beside this it is very important to strike up a healthy balance between profitability and affordability.
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Jpti
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July 30, 2018, 02:07:26 PM |
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You are not getting the concept. You get nothing running a bitcoin node and you can't just run a EOS note as they are selected by voting. There might be some coins that allows nodes/masternodes for simple user with some initial investment. This side provides some insights about that https://masternodes.online/ |
===================================================== BILLCRYPT - CREATING HISTORY===================================================== |
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JamescrypTrader
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July 30, 2018, 03:30:10 PM |
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As I know its very gainful with the POS coin for instance DASH, PIVS etc. If anyone have to run Masternode he or she have to invest in buying coin. Every one have to play different activity to run it smoothly.
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5thFear
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July 30, 2018, 03:31:55 PM |
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I think running a node with the necessary amount of coins is better then mining. It don't take that much electricity and can be very profitable if the coin you are running the node of gets good price.
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doraemon_33766
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July 30, 2018, 03:37:40 PM |
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From my point of view its very profitable with pos coin for example DASH, PIVS etc. You will have to invest in buying coins to run a Masternode. I think you should many thing to run a node smoothly.
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ImHash
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July 30, 2018, 03:39:15 PM |
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I think running a node with the necessary amount of coins is better then mining. It don't take that much electricity and can be very profitable if the coin you are running the node of gets good price.
Yes it all depends on the coin, Some coins are just sh*tcoins and you'd get scammed if you try to buy them to start your node. Some coins drop drastically sometimes and are not good for investment, Better run bitcoin nodes to keep the network decentralized if you have the fund. |
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Manjita950
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July 30, 2018, 03:48:40 PM |
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I know that it will be profitable. You need to some work for it.I think running a node is profitable in the case.
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OneyZ
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July 30, 2018, 04:12:46 PM |
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You can start trading by buying coins first. Here is POS or DASH You're comfortable to fill in that. Of course you have to increase your skills. Have to study a lot, gain knowledge.
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eternalgloom
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July 30, 2018, 04:17:52 PM |
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There's a really handy website to look up how much each masternode costs and what the dividends are. I've recently written a small post on Steemit about overviews for POS and masternode crypto'shttps://www.stakingrewards.com is pretty handy to look up your possible ROI. |
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alanfox
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July 31, 2018, 12:00:30 AM |
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The reason is very simple, African people have to fight much more bigger issues like lack of food, education and shelter. If their primary needs get fulfilled they will surely get the time to divert their minds elsewhere like knowing the crypto market. Still, Nigeria, Zimbabwe, Senegal are some of the countries who are still making their mark in crypto world despite being surrounded by poverty and corruption.
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