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Author Topic: [ANN] Workbit - Freelance platform  (Read 1180 times)
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Rufus
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January 08, 2021, 12:16:14 PM
 #161

At the beginning of the era of cryptocurrencies, mining was super profitable. An ordinary processor was enough to mine bitcoin, and as many as 50 coins were given for a solved block. Nowadays, the main cryptocurrency can be mined only with the help of expensive ASIC devices.
The threshold of entry has increased, and the niche itself is no longer so attractive. An alternative to this solution is masternodes.
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catol
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January 08, 2021, 12:23:12 PM
 #162

At the beginning of the era of cryptocurrencies, mining was super profitable. An ordinary processor was enough to mine bitcoin, and as many as 50 coins were given for a solved block. Nowadays, the main cryptocurrency can be mined only with the help of expensive ASIC devices.
The threshold of entry has increased, and the niche itself is no longer so attractive. An alternative to this solution is masternodes.
The threshold for entry into conventional mining has really increased. Today, over 10 million GPUs are working on mining the most popular GPU coin - Ethereum. It's naive to hope for a big piece of the pie after starting your first farm.
capterra
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January 08, 2021, 12:26:20 PM
 #163

At the beginning of the era of cryptocurrencies, mining was super profitable. An ordinary processor was enough to mine bitcoin, and as many as 50 coins were given for a solved block. Nowadays, the main cryptocurrency can be mined only with the help of expensive ASIC devices.
The threshold of entry has increased, and the niche itself is no longer so attractive. An alternative to this solution is masternodes.
The threshold for entry into conventional mining has really increased. Today, over 10 million GPUs are working on mining the most popular GPU coin - Ethereum. It's naive to hope for a big piece of the pie after starting your first farm.
You can also make money on cryptocurrencies using masternodes. Unlike mining, they don't have to invest in expensive equipment and worry about a possible fire.
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January 08, 2021, 12:27:29 PM
 #164

At the beginning of the era of cryptocurrencies, mining was super profitable. An ordinary processor was enough to mine bitcoin, and as many as 50 coins were given for a solved block. Nowadays, the main cryptocurrency can be mined only with the help of expensive ASIC devices.
The threshold of entry has increased, and the niche itself is no longer so attractive. An alternative to this solution is masternodes.
The threshold for entry into conventional mining has really increased. Today, over 10 million GPUs are working on mining the most popular GPU coin - Ethereum. It's naive to hope for a big piece of the pie after starting your first farm.
You can also make money on cryptocurrencies using masternodes. Unlike mining, they don't have to invest in expensive equipment and worry about a possible fire.
In addition, compared to mining equipment, they almost do not consume electricity and do not interfere with the sleep of sensitive neighbors.
doingitnow
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January 08, 2021, 12:28:48 PM
 #165

What is a masternode and how can you make money from it?
Elisabeth
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January 08, 2021, 12:31:20 PM
 #166

What is a masternode and how can you make money from it?
Masternodes are nodes in the cryptocurrency network that are responsible for verifying and approving transactions. Also, the list of responsibilities includes increasing the speed of work and user safety.
rygarthecoder
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January 08, 2021, 12:33:27 PM
 #167

What is a masternode and how can you make money from it?
Masternodes are nodes in the cryptocurrency network that are responsible for verifying and approving transactions. Also, the list of responsibilities includes increasing the speed of work and user safety.
Masternodes are servers or computers with a static IP address. The prerequisites for work include a running wallet, full synchronization with the blockchain and round-the-clock activity.
Daimonion
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January 08, 2021, 12:34:55 PM
 #168

What is a masternode and how can you make money from it?
Masternodes are nodes in the cryptocurrency network that are responsible for verifying and approving transactions. Also, the list of responsibilities includes increasing the speed of work and user safety.
Masternodes are servers or computers with a static IP address. The prerequisites for work include a running wallet, full synchronization with the blockchain and round-the-clock activity.
The full functionality of masternodes depends on the type of coin. In the same Dash, anonymous transactions pass through masternodes, and without a queue.
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January 08, 2021, 12:38:01 PM
 #169

What is a masternode and how can you make money from it?
Masternodes are nodes in the cryptocurrency network that are responsible for verifying and approving transactions. Also, the list of responsibilities includes increasing the speed of work and user safety.
Masternodes are servers or computers with a static IP address. The prerequisites for work include a running wallet, full synchronization with the blockchain and round-the-clock activity.
The full functionality of masternodes depends on the type of coin. In the same Dash, anonymous transactions pass through masternodes, and without a queue.
In theory, the process resembles mining - a masternode adds a new block to the blockchain and receives a fixed reward. But there are also differences.

Luck doesn't play a role in masternodes. The network rewards the nodes that have not received the payment longer than the others;
 
The need for more modern hardware and the most powerful graphics cards and ASICs is no longer needed. An average computer can handle the launch of a masternode.
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January 08, 2021, 12:42:47 PM
 #170

In addition to these requirements, to start, you need a collateral in the network's cryptocurrency. If you run Dash, you need Dash coins. If PACcoin - $ PAC is needed.
peter054
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January 08, 2021, 12:45:14 PM
 #171

In addition to these requirements, to start, you need a collateral in the network's cryptocurrency. If you run Dash, you need Dash coins. If PACcoin - $ PAC is needed.
The principle of the masternode is similar to a bank deposit. We leave money and take interest. But there are two significant differences.
bbtou
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January 08, 2021, 12:47:22 PM
 #172

In addition to these requirements, to start, you need a collateral in the network's cryptocurrency. If you run Dash, you need Dash coins. If PACcoin - $ PAC is needed.
The principle of the masternode is similar to a bank deposit. We leave money and take interest. But there are two significant differences.
Interesting. And what differences can there be?
peter054
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January 08, 2021, 12:52:26 PM
 #173

In addition to these requirements, to start, you need a collateral in the network's cryptocurrency. If you run Dash, you need Dash coins. If PACcoin - $ PAC is needed.
The principle of the masternode is similar to a bank deposit. We leave money and take interest. But there are two significant differences.
Interesting. And what differences can there be?
Cryptocurrency networks are independent of each other. There is no standard return on investment or an accepted value range. For one coin, a masternode will cost $ 100, for another - 10 thousand. GoaCoin is the absolute record holder in terms of launch cost. The collateral here is $ 4.54 million, which brings in $ 90,000;
The fate of the bail depends on the user. You can pick it up at any time - it is not prohibited.
Rufus
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January 08, 2021, 12:54:38 PM
 #174

What are the disadvantages of masternodes?
catol
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January 08, 2021, 12:56:02 PM
 #175

What are the disadvantages of masternodes?
Most reliable cryptocurrency networks require a large amount of collateral. Spreading thousands of dollars is risky, especially in an environment of tremendous volatility. By the way, that is why investors use services for buying shares in masternodes.
Hence the second minus. Monthly income is paid in cryptocurrency, profit cannot be predicted. If the exchange rate falls, both the rate of return on investments and the amount of collateral in terms of fiat money will decrease.
capterra
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January 08, 2021, 12:58:32 PM
 #176

What are the disadvantages of masternodes?
Most reliable cryptocurrency networks require a large amount of collateral. Spreading thousands of dollars is risky, especially in an environment of tremendous volatility. By the way, that is why investors use services for buying shares in masternodes.
Hence the second minus. Monthly income is paid in cryptocurrency, profit cannot be predicted. If the exchange rate falls, both the rate of return on investments and the amount of collateral in terms of fiat money will decrease.
Despite the shortcomings, masternodes are still in their infancy. So far there are relatively few of them, and the potential has not been fully revealed. As the number of nodes increases, profitability will decline.
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January 08, 2021, 06:06:20 PM
 #177

Masternodes are a new way to make money on cryptocurrencies. The scale of the niche is still small compared to classic mining, but the potential is great.
bbtou
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January 08, 2021, 06:08:41 PM
 #178

Masternodes are a new way to make money on cryptocurrencies. The scale of the niche is still small compared to classic mining, but the potential is great.
At the same time, with masternodes, you do not need to spend money on the purchase and configuration of video cards or ASIC devices, as well as rent large areas to accommodate equipment.
peter054
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January 08, 2021, 06:11:11 PM
 #179

Masternodes are a new way to make money on cryptocurrencies. The scale of the niche is still small compared to classic mining, but the potential is great.
At the same time, with masternodes, you do not need to spend money on the purchase and configuration of video cards or ASIC devices, as well as rent large areas to accommodate equipment.
The annual profitability of masternodes is currently significantly higher than that of a bank deposit.
Rufus
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January 08, 2021, 06:14:59 PM
 #180

There are over 2,000 cryptocurrencies in existence today. Relatively few of them support masternodes.
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