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Author Topic: Mining vs Masternodes - How do they compare?  (Read 201 times)
Mahanton
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April 01, 2019, 12:08:11 PM
 #21

The trouble with the masternode coins is that if the volume is not high, then the price is open to manipulation. Manipulation can and will dump the prices. Then it will not matter how many coins you made by installing a masternode.

actually the problem with masternodes is that you are running a node to an altcoin and that is the risky part because we all know that all the altcoins are getting pumped and dumped so you are bound to be influenced by the dumping side of it for at least 80% of the time that you run that node since the pumps don't last that long.
This is the main problem with masternodes which you are really bound about dumping.Just take a look on what happened on Minexcoin wayback then when it do have masternodes.
It becomes popular and later on it do dumps and investors who do purchase more coins that have been parked do lost most of their investment.
This is why ill always prefer on buying my own mining equipment since you can able to see it physically and can still possibly mine out profitable coins instead.

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April 01, 2019, 02:06:10 PM
 #22

The trouble with the masternode coins is that if the volume is not high, then the price is open to manipulation. Manipulation can and will dump the prices. Then it will not matter how many coins you made by installing a masternode.

actually the problem with masternodes is that you are running a node to an altcoin and that is the risky part because we all know that all the altcoins are getting pumped and dumped so you are bound to be influenced by the dumping side of it for at least 80% of the time that you run that node since the pumps don't last that long.
This is the main problem with masternodes which you are really bound about dumping.Just take a look on what happened on Minexcoin wayback then when it do have masternodes.
It becomes popular and later on it do dumps and investors who do purchase more coins that have been parked do lost most of their investment.
This is why ill always prefer on buying my own mining equipment since you can able to see it physically and can still possibly mine out profitable coins instead.

that is the problem with any coin distribution system that is based on "profit" or in other words is designed in a way to give you more if you have more. at some point there will be whales who end up owning a large amount and they only keep it while they are pumping the coin and as they are done pumping they suddenly dump crashing the price hard.
it can happen to masternode coins, to PoS coins, and anything that is similar to that design.

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April 28, 2019, 01:35:00 AM
 #23

In your opinion, whales who control most masternodes can control the supply or float? Why would Whales really hold a masternode unless they believe in it tho?

The trouble with the masternode coins is that if the volume is not high, then the price is open to manipulation. Manipulation can and will dump the prices. Then it will not matter how many coins you made by installing a masternode.

actually the problem with masternodes is that you are running a node to an altcoin and that is the risky part because we all know that all the altcoins are getting pumped and dumped so you are bound to be influenced by the dumping side of it for at least 80% of the time that you run that node since the pumps don't last that long.
This is the main problem with masternodes which you are really bound about dumping.Just take a look on what happened on Minexcoin wayback then when it do have masternodes.
It becomes popular and later on it do dumps and investors who do purchase more coins that have been parked do lost most of their investment.
This is why ill always prefer on buying my own mining equipment since you can able to see it physically and can still possibly mine out profitable coins instead.

that is the problem with any coin distribution system that is based on "profit" or in other words is designed in a way to give you more if you have more. at some point there will be whales who end up owning a large amount and they only keep it while they are pumping the coin and as they are done pumping they suddenly dump crashing the price hard.
it can happen to masternode coins, to PoS coins, and anything that is similar to that design.
BrewMaster
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April 28, 2019, 01:16:02 PM
 #24

In your opinion, whales who control most masternodes can control the supply or float? Why would Whales really hold a masternode unless they believe in it tho?
[..snip..]

i didn't say whales control most masternodes, i said whales will end up owning a large amount of that coin which then will give them a huge profit for free.
and don't forget that a whale only believes in profit otherwise they wouldn't have become a whale in first place. so what happens is that they come in, make a huge profit, then dump and go out.

and it is not just about whales and control. it is about basic economics and the fact that this type of distributing "free money" is not a good design.
i know a country that banks are ruining the economy by giving high profits (up to 25%!) which is the same as staking rewards. guess what the inflation rate is? hit: it is above 100%

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May 01, 2019, 12:15:47 AM
 #25

I also think if the cost electricity is cheap enough that to make a profit from mining better choose mining, but if the cost of electricity is too high and can't make a profit you should pay from own pocket and maybe hold coins for longer to get a profit, a masternode coin can bring some profit, but i think is small if the price not grow and on bear market is hard for masternode coins to bring profit.

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