From technical aspects masternodes are improving day by day. But its need a big investment to start up. So it is very problematic for the middle class person who cant affort to give this type of big investment. So in my opinion it is not very appreciatable for the middle class
Master nodes are computers that run a dash wallet and make decisions, such as locking transactions with instantSend, coordinate mixing of coins, and voting on budget funding. Master nodes are required to have 1000 dash collateral, a dedicated IP address and be able to run 24 hours a day without a more than 1 hr. connection loss. Master nodes get paid 45% of the block reward on every block, which is distributed to master nodes one at a time. typically,around 2 dash is paid to each master node every 7 days. Master nodes are also given voting rights on proposals. Each master node has 1 vote and this vote can be used on budget proposals or important deciscions that affect dash 
Topic: Masternodes (Read 216 times)
I have to root here for ALQO once more. They have a good voting system implemented and now there is a video, which exactly tells you how to set up as masternode in easy steps without prior knowledge: Check it out here: https://www.youtube.com/watch?v=9vV0c1kYwHk&feature=youtu.be
Masternodes are great for ROI but they also give you a way to be involved in the project. If you've never done it, it's prettyeasy to learn and you get regular payouts for your effort.
Look at Galactrum ORE if you are interested in acquiring some MNs. Really cool project and community. Everyone will help you if you're new!
Look at Galactrum ORE if you are interested in acquiring some MNs. Really cool project and community. Everyone will help you if you're new!
Yes you are right. This high staking requirement of masternode is a bit risky. Unfortunately I personally don't see any alternative to this. So maybe there are no way else but adjust.
Again, this depends highly on the coin you are investing in. Do your research beforehand: if this is a solid project, if they do something new, if the tech is good, if the devs and community are dedicated. Then choose and invest. Noone can see into the future, but but good research compensated for a lot of the uncertainty.
Yes you are right. This high staking requirement of masternode is a bit risky. Unfortunately I personally don't see any alternative to this. So maybe there are no way else but adjust.
But rewards taken from Masternodes can also be sold to the market causing a dump in price. Masternode is only beneficial to the ones with deep pockets.
Well, that strongly depends on your goals as an investor, right? If you are in for the quick profit, masternodes are probably not the best way to go. In my experience, most mn-holders are in for the long game and want to support the coins they are hosting masternodes for. The ROI is also very important, but the coins you receive for compensation are mostly hodled or invested in new masternodes.
But rewards taken from Masternodes can also be sold to the market causing a dump in price. Masternode is only beneficial to the ones with deep pockets.
thank you all for the overwhelming response. I highly appreciate it. I will be reviewing everyone's post here.
If you want a solid masternode coin with room to grow and PoS starting in october, take a look at ALQO. This one is a real gem in hiding and the dev team and community is very dedicated to the project: https://bitcointalksearch.org/topic/deprecated-thread-2343884 and alqo.org
Most masternodes are useless and are more simillar to HYIP projects - that is the main challenge. I mean your coin could become useless one day, when owners will restart money grab cycle with a new project.
I hope to set one up in a couple weeks- happy to find this thread- not sure which token yet
masternode a very promising direction, as mentioned above, you can earn a lot of money. I'll do it myself when I'm ready.
I have found an analysis about masternodes on Twitter which gives clear and good information about Masternodes engagement on social media. You can take a look at it to know which coin are populair nowadays.
https://twitter.com/OmniAnalytics/status/996002755092406277
https://twitter.com/OmniAnalytics/status/996002755092406277
Risks to owning a masternode? Everyone dumping while your coins are locked up. Only running your wallet on a paid VPS and your keys or data get compromised. I actually think masternodes are nice if not just piggybacking off of DASH. Typically you have to willing to have your coins out of reach for a while so no trading with those coins while your masternode is running.
as with any kind of crypto there is risk.
Masternodes had a huge run in Jan-Feb of 2018 and as a result the scams flowed in.
Ask around, choose a cheap masternode to get your feet wet with the technology and have fun.
Masternodes had a huge run in Jan-Feb of 2018 and as a result the scams flowed in.
Ask around, choose a cheap masternode to get your feet wet with the technology and have fun.
I don't think there is any alternative of master nodes. But, to get more informations i would suggest you to research through different sites from google. I hope you'll get your answer.
Undoubtedly, the masternodes are a profitable strategy. But, for this you need a substantial amount of coins at the very beginning.
masternode is a Pretty nice Option to get you an passive income if you choose the Right coin and you help your coin aswell to provide and stable Network by running an masternode. YOu could have an look at alqo they have an Pretty esay to set up MN and their own Hosting website
From technical aspects masternodes are improving day by day. But its need a big investment to start up. So it is very problematic for the middle class person who cant affort to give this type of big investment. So in my opinion it is not very appreciatable for the middle class
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