Topic: Master node Experience - worth it? (Read 117 times)
there was a time when masternode was attractive to investors, it made the network centralized though. the old tokens using DPOS are still alive up to this day such as Decred although we rarely hear of their updates anymore, i have not seen the thread float again but back in 2016, they were all very much active. the investment you need is way bigger since its part of the requirements to set up masternode. this is replaced by Staking now and there is no need of huge investment too.
Are masternodes even still a thing in 2024? The last time masternodes have been hot was in 2016-2017 with projects like Dash. The cryptocurrency industry has moved to staking now — which makes a bit more sense because it's pretty similar to dividends with stocks.
I agree with you sir, is this master node the same as the personal node that is run on each person's pc like the new oracle, which is still often used as a participant and gets rewards for trading on the exchange for such as celestia, aptos, gora etc.?Indeed, staking is a method that is quite durable until now even though it inserts ballance but maybe this is an obstacle in itself. Unlike nodes that consume electricity or RDP, if you choose and I can afford it, maybe both, but staking is the most logical and affordable even though it is given a tutorial via online, your choice is good.
Trading is exciting, but doesn't completely satisfy the inner nerd. Although, I have tinkered around with trading APIs, and that is a fun idea... Mining is fun though, and it keeps my house warm in the winter!
If you have the capital to invest then I would suggest you buy some ASICs and join with any of the mining pools so you can make some money while keeping your house warm. I wouldn't suggest GPU mining of altcoins because Ethereum switched to POS now all you can do is mine coins that are worthless and hope that their price will shoot up.
Hey OP. I never done that myself, but I guess Running Nodes on a VM should be similar to cloud gaming. that means how many nodes you can run is totally depends on how strong your VM system is.
I don't know which virtual machine you would use but I heard VMWare is very Good: https://www.vmware.com/products/workstation-pro.html
I don't know which virtual machine you would use but I heard VMWare is very Good: https://www.vmware.com/products/workstation-pro.html
Are masternodes even still a thing in 2024? The last time masternodes have been hot was in 2016-2017 with projects like Dash. The cryptocurrency industry has moved to staking now — which makes a bit more sense because it's pretty similar to dividends with stocks.
I believe that even if they are not much in craze anymore, it would still be a fun experiment, and running them on a VM sounds even more fun. Even I want to know how would that work in a VM. I think OP should definitely give it a try if he got the resources, Instead of going with masternodes, there goes the staking(PoS) from different projects and that's much better if you'd ask me if you want some passive income. And the gains won't that be much for the good ones but still a passive thing, right?
I realize I'm not going to make a fortune with this, but I just like to tinker. I just haven't really got into the proof of stake stuff much. I do hodl some, but I'm more hopelessly obsessed with mining and PoW coins. I've been reading about this for a few days now, and I'm in. I will document my journey though. Will post it in a different thread, but I'll link to it here.
Thanks for your input, everyone.
As for the PoS, there are too many of them but the returns won't be that much if you're going to be with the known ones. That's how it goes the risk is lesser but the reward is quite less too.
I join couple of group back then and discussed about masternode back in 2017-2019 the masternode coin is very popular and at that time I think is really worth it but things changed.
and to be honest master node is expensive to operate especially if you rent a server outside usually masternode need good internet speed and decent hardware requirement and bare metal is expensive.
and masternode need a ton of coins to join the network
and to be honest master node is expensive to operate especially if you rent a server outside usually masternode need good internet speed and decent hardware requirement and bare metal is expensive.
and masternode need a ton of coins to join the network
Im also quite interested with this topic. Not yet trying out master node or running nodes but its one of my goal this year to be able to cope and learn to do that as they say that most of the privilege and potential incomes are come from testing and doing node runners. Like some tokens and coins of celestia and other major coins in the past. Maybe its out of my line too but I am willing to learn to OP.
Am I on right inquiry? Or same topic about nodes?
Am I on right inquiry? Or same topic about nodes?
Maybe I will take some notes, and share my journey on the forum.
For testing purposes, yes you can run and experience how it is to operate it but it's no longer an option to make money even staking isn't profitable or I would say not worth the risk we are putting in it. So just learn about the trading if you want to make some money or just with the holding alone so you could be making more money while doing nothing at all and the only job you have to do is to invest on the right projects.
you missed that boat and even then it was more lucrative just to buy and sell than try to mine those coins
Trading is exciting, but doesn't completely satisfy the inner nerd. Although, I have tinkered around with trading APIs, and that is a fun idea... Mining is fun though, and it keeps my house warm in the winter!
Instead of going with masternodes, there goes the staking(PoS) from different projects and that's much better if you'd ask me if you want some passive income. And the gains won't that be much for the good ones but still a passive thing, right?
I realize I'm not going to make a fortune with this, but I just like to tinker. I just haven't really got into the proof of stake stuff much. I do hodl some, but I'm more hopelessly obsessed with mining and PoW coins. I've been reading about this for a few days now, and I'm in. I will document my journey though. Will post it in a different thread, but I'll link to it here.
Thanks for your input, everyone.
Are masternodes even still a thing in 2024? The last time masternodes have been hot was in 2016-2017 with projects like Dash. The cryptocurrency industry has moved to staking now — which makes a bit more sense because it's pretty similar to dividends with stocks.
Yeah I haven't heard too much about masterworks lately either. Most of those were scams coins (like most all other fads). So if you are asking I'd have to say no.you missed that boat and even then it was more lucrative just to buy and sell than try to mine those coins
I was interested on them but they're too expensive if I'll invest on them. But good thing that I didn't invest to any of them because they've fell so deep that you can't see any more gain on them if you ever invest on most of those. Instead of going with masternodes, there goes the staking(PoS) from different projects and that's much better if you'd ask me if you want some passive income. And the gains won't that be much for the good ones but still a passive thing, right?
There are many types of masternodes and they vary on their operation requirements. Depending on how much powerful virtual machine you buy, it may accommodate multiple of masternodes. There might be limitation of numbers of masternodes by IP or another limiting factor could be the price of staked coin to start the node. The yield rate of masternodes vary and as they provide return on the same coin you are holding, sometimes the inflation wins over the profit. For calculating the profit on masternodes, I prefer site like https://masternodes.online/
Reading a lot about masternodes of a bunch of different coins.
Interested in setting some up as a test on a VM.
- Anybody have much experience with them?
- How many do you think you can run on 1 machine.
- worth the trouble?
Seems like there is some decent info out there, but do you see some return on the work?
Thanks,
For testing purposes, yes you can run and experience how it is to operate it but it's no longer an option to make money even staking isn't profitable or I would say not worth the risk we are putting in it. So just learn about the trading if you want to make some money or just with the holding alone so you could be making more money while doing nothing at all and the only job you have to do is to invest on the right projects. Interested in setting some up as a test on a VM.
- Anybody have much experience with them?
- How many do you think you can run on 1 machine.
- worth the trouble?
Seems like there is some decent info out there, but do you see some return on the work?
Thanks,
Reading a lot about masternodes of a bunch of different coins.
Interested in setting some up as a test on a VM.
- Anybody have much experience with them?
- How many do you think you can run on 1 machine.
- worth the trouble?
Seems like there is some decent info out there, but do you see some return on the work?
Im also quite interested with this topic. Not yet trying out master node or running nodes but its one of my goal this year to be able to cope and learn to do that as they say that most of the privilege and potential incomes are come from testing and doing node runners. Like some tokens and coins of celestia and other major coins in the past. Maybe its out of my line too but I am willing to learn to OP.Interested in setting some up as a test on a VM.
- Anybody have much experience with them?
- How many do you think you can run on 1 machine.
- worth the trouble?
Seems like there is some decent info out there, but do you see some return on the work?
Am I on right inquiry? Or same topic about nodes?
Are masternodes even still a thing in 2024? The last time masternodes have been hot was in 2016-2017 with projects like Dash. The cryptocurrency industry has moved to staking now — which makes a bit more sense because it's pretty similar to dividends with stocks.
I'm generally late to the party. I'll probably get into staking in 2031
Experimenting with masternodes on a VM can be cool! The number depends on your machine's power, but you can usually run several. Returns vary, so check each coin's potential gains. It's a mix of tech fun and potential profits and worth a shot if you enjoy both 
That's pretty much what I'm looking for. Really not concerned with the profits too much, as the machine is just sitting there most of the time anyways. But, yeah... just looking for something to nerd out on this weekend.
If anyone else has any feedback on coins to avoid, I'd appreciate it. My first one will probably be something with a extremely low entry cost, just to dip my toes in the waters.
Experimenting with masternodes on a VM can be cool! The number depends on your machine's power, but you can usually run several. Returns vary, so check each coin's potential gains. It's a mix of tech fun and potential profits and worth a shot if you enjoy both
Are masternodes even still a thing in 2024? The last time masternodes have been hot was in 2016-2017 with projects like Dash. The cryptocurrency industry has moved to staking now — which makes a bit more sense because it's pretty similar to dividends with stocks.
Reading a lot about masternodes of a bunch of different coins.
Interested in setting some up as a test on a VM.
- Anybody have much experience with them?
- How many do you think you can run on 1 machine.
- worth the trouble?
Seems like there is some decent info out there, but do you see some return on the work?
Thanks,
IdMineThat
Interested in setting some up as a test on a VM.
- Anybody have much experience with them?
- How many do you think you can run on 1 machine.
- worth the trouble?
Seems like there is some decent info out there, but do you see some return on the work?
Thanks,
IdMineThat
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