You don't have to mine Crypto to Earn Crypto - Masternodes [MN]

[SwissBoo]

Are you familiar with Masternodes?   

It is a form of earning crypto.
Instead of buying hardware, you buy coins, and hodl in your wallet....
while your masternode VPS is running to process staking transactions,
you will reward rewards from the blockchain network sent to your local wallet.

This is why our team created an educational material below to let people know you don't have to mine to earn crypto.




Are you currently running one or plan on running a MN later? What are your thoughts of earning Masternode payouts?

[1714656264]

1714656264

[SwissBoo]

[SwissBoo]

are you sitting on masternode coins and not staking with your own full node?

Get hosting for as low as $10/month!

[disconnectme]

MNs used to be a darling of people in the space, but looking at the performance of most of these MNs coin tis year, people have started liquidating their holdings has has profit shrinks another thing to note is that the block rewards is also reducing for most projects

[l10no]

using MN is one good strategy for getting better profits than buying coins and hold it, but looking at the situation now, even MN cannot guarantee anything, many users experience shrinkage

[Vaniaayu]

good educational material, I think it really doesn't need to bother mining, because the results do not determine proper success. besides being wasteful of electricity, the sound was very noisy

[bttmember]

Yeah it is a great, cheap, eco friendly and business friendly alternative of mining, especially when ethereum will upgrade from pow to pos algorithm we will see most of the miners jumping on board to earn rewards in eth by staking eth.

[bartolo]

MNs used to be a darling of people in the space, but looking at the performance of most of these MNs coin tis year, people have started liquidating their holdings has has profit shrinks another thing to note is that the block rewards is also reducing for most projects

Those masternode coins can be an interesting option only if you have some coins that you are planning to hold for a long period of time and, in the meanwhile, you want to use them to get a few more coins, without expecting too much. If not, they are not worthwhile.

[SwissBoo]

MNs used to be a darling of people in the space, but looking at the performance of most of these MNs coin tis year, people have started liquidating their holdings has has profit shrinks another thing to note is that the block rewards is also reducing for most projects

Those masternode coins can be an interesting option only if you have some coins that you are planning to hold for a long period of time and, in the meanwhile, you want to use them to get a few more coins, without expecting too much. If not, they are not worthwhile.

This is exactly the point. Anyone who tries to make a quick buck off masternodes will cost themselves money. If you're a full time trader and make more money being good at trading, this is not for you.

People who try to make quick bucks off crypto will get caught up in the hype and FOMO buy or sell.  Masternodes makes sense on a long term basis

[SwissBoo]

good educational material, I think it really doesn't need to bother mining, because the results do not determine proper success. besides being wasteful of electricity, the sound was very noisy

Well stated. These are important factors for people who understand what Masternodes can do for coin generation compared to mining

[SwissBoo]

https://steemit.com/masternodes/@ajt/troubleshooting-masternode-issues

[Bloodseekers]

I think still so many people dont know about masternodes also maybe he want to know it but after read article, but still hard to understand especially for people who haven't background crypto, new in crypto. Maybe i think video tutorial step by step until finish setup will give benefits to many people. Also explanation about capital and ROI

[smyslov]

Is it just me or the site but there's an error in your affiliate page http://www.setupmasternodes.com/affiliates/ I've tried to sign up so I can promote it, but all the links are not working even your sign up form is not working too please fix it, this is a good project too promote.

[SwissBoo]

Is it just me or the site but there's an error in your affiliate page http://www.setupmasternodes.com/affiliates/ I've tried to sign up so I can promote it, but all the links are not working even your sign up form is not working too please fix it, this is a good project too promote.

We are fixing the affiliate link because of some recent updates that must be done before proceeding

[alexsandria]

MNs used to be a darling of people in the space, but looking at the performance of most of these MNs coin tis year, people have started liquidating their holdings has has profit shrinks another thing to note is that the block rewards is also reducing for most projects

I have found out that, there are so many masternode threads and topics that are coming out of the cryptocurrency forum like these for the moment, I would like to ask, is this some sort of an alternative to mining? I don't think it will be good if I just enter the masternode world without even asking for it here.

[wuvdoll]

A lot of us are now familiar with masternode and how it is possible to earn a coin even without having to buy huge machines that would cost a lot of money, though one thing I am very scared about in masternode is that once the price of the coin reduces the coin becomes next to nothing because the reward is not giving in USD form but in the coin itself, imagine buying master node for $1000 and in 2 weeks the value have then become $50, the node has become leader.

Masternode provides a safe and reliable source of earning cryptocurrency online without mining.

How it will be safe and reliable ? I read in another discussion that all the ICO scammers are now coming in the name of masternode coins. So, do not fall into same types of trap just due to different names.

I would like to ask, is this some sort of an alternative to mining? I don't think it will be good if I just enter the masternode world without even asking for it here.

Mining or masternodes are profitable only when that coin will be having any real world application or product based. Otherwise, both devs and miners will keep dumping and then you may get enforced to mine shitcoins alone after some period of time. Masternode is a new name for scamming innocent investors. Take time to read a project before deciding to mine/MN them.

[SwissBoo]

A lot of us are now familiar with masternode and how it is possible to earn a coin even without having to buy huge machines that would cost a lot of money, though one thing I am very scared about in masternode is that once the price of the coin reduces the coin becomes next to nothing because the reward is not giving in USD form but in the coin itself, imagine buying master node for $1000 and in 2 weeks the value have then become $50, the node has become leader.

Masternode provides a safe and reliable source of earning cryptocurrency online without mining.

How it will be safe and reliable ? I read in another discussion that all the ICO scammers are now coming in the name of masternode coins. So, do not fall into same types of trap just due to different names.

I would like to ask, is this some sort of an alternative to mining? I don't think it will be good if I just enter the masternode world without even asking for it here.

Mining or masternodes are profitable only when that coin will be having any real world application or product based. Otherwise, both devs and miners will keep dumping and then you may get enforced to mine shitcoins alone after some period of time. Masternode is a new name for scamming innocent investors. Take time to read a project before deciding to mine/MN them.

whats your opinion if the coin developers are solid and been around for a while? For example: DASH, PIVX, ZCOIN, RAPIDS, etc?

[Adriano2010]

Well is a way to earn some crypto, but not all coins with masternodes doing well and also to run a Dash masternode which can bring a profit on long run cost a lot, but on bull run the coins with masternode doing well, at least that happen on last bull run.

[florac9]

Past history has shown that master nodes coins aren't not performing well ,they've lose value so much just like the Proof of work ones ,the reason why I like masternode is because its not a power hungry setup ,I think its still worth it though

[shinratensei_]

A lot of us are now familiar with masternode and how it is possible to earn a coin even without having to buy huge machines that would cost a lot of money, though one thing I am very scared about in masternode is that once the price of the coin reduces the coin becomes next to nothing because the reward is not giving in USD form but in the coin itself, imagine buying master node for $1000 and in 2 weeks the value have then become $50, the node has become leader.

Masternode provides a safe and reliable source of earning cryptocurrency online without mining.

How it will be safe and reliable ? I read in another discussion that all the ICO scammers are now coming in the name of masternode coins. So, do not fall into same types of trap just due to different names.

I would like to ask, is this some sort of an alternative to mining? I don't think it will be good if I just enter the masternode world without even asking for it here.

Mining or masternodes are profitable only when that coin will be having any real world application or product based. Otherwise, both devs and miners will keep dumping and then you may get enforced to mine shitcoins alone after some period of time. Masternode is a new name for scamming innocent investors. Take time to read a project before deciding to mine/MN them.

whats your opinion if the coin developers are solid and been around for a while? For example: DASH, PIVX, ZCOIN, RAPIDS, etc?

Don't mind him. I never think anything is a scam lol

Im still using dash and i never regret it even some people from other coins have called that as a scam but i can still use it in various merchants. https://www.dash.org/where-to-spend/
https://discoverdash.com/location/

It's a common thing when you are seeing people that are thinking about the negativity of any coins.  

bitcoin gets decreased from 20k to the 3k just in less than a year, and any other coins too. We can't blame them all because this is crypto that fully with volatility.