Topic: Masternodes/POS the future of mining? (Read 1546 times)
Indeed proof of stake mining is relatively cheaper and more profitable. Since you are interested in masternodes mining then I will recommend Veil masternode project to you. You can make a very handsome profit from it.
Any consensus has a chance to be centralized. The only possible way to create a blockchain that used the combination with all of the consensus that will create a complicated system and decrease the possibility to be centralized system but it looks impossible to do that.
Use combination between POW and POS to make miners and holders become the main players in the blockchain is more than enough for me.
I think that the combined blockchains have a future. Now it is very often possible to meet projects in which at the same time there is a POW + POS + masternodes. It is safe and secure! Use combination between POW and POS to make miners and holders become the main players in the blockchain is more than enough for me.
So I started mining with GPU's bought a few asics and sold everything before the summer began (because last summer it was just not comfortable in my place with all my miners lol). I really love the idea of mining and generating coins there are so many different ways to mine. I recently got interested in masternodes it only costs me $15/mo to run 4 vps servers (vs. $500-$800/mo in electricity with POW mining) SO I know there are a lot of masternode scams and was told before I got into them to be very careful (I ended up only getting burned badly with one coin) every other coin I invested in turned out to be a pretty solid project.
SO I'm curious what does the community think will POS/masternodes phase out the physical POW mining protocol I really think there are a lot more advantages of POS over POW, what do you all think?
good day
SO I'm curious what does the community think will POS/masternodes phase out the physical POW mining protocol I really think there are a lot more advantages of POS over POW, what do you all think?
good dayPoW really does waste a lot of electricity.
PoS on the other hand, give you more chance to stake if you have more coins staking or more masternodes BUT with less electricity wastage.
Both are still prone to centralization.
PoW - More hashrate, you get more chance of minting new coins.
PoS - More coins staked, more masternodes or coins staking, you also get more chance of minting new coins.
I don't think it will be possible to solve the centralization, there will always be someone or some group who will try to dominate. That's just human nature, I guess.
Use combination between POW and POS to make miners and holders become the main players in the blockchain is more than enough for me.
So I started mining with GPU's bought a few asics and sold everything before the summer began (because last summer it was just not comfortable in my place with all my miners lol). I really love the idea of mining and generating coins there are so many different ways to mine. I recently got interested in masternodes it only costs me $15/mo to run 4 vps servers (vs. $500-$800/mo in electricity with POW mining) SO I know there are a lot of masternode scams and was told before I got into them to be very careful (I ended up only getting burned badly with one coin) every other coin I invested in turned out to be a pretty solid project.
SO I'm curious what does the community think will POS/masternodes phase out the physical POW mining protocol I really think there are a lot more advantages of POS over POW, what do you all think?
good day
SO I'm curious what does the community think will POS/masternodes phase out the physical POW mining protocol I really think there are a lot more advantages of POS over POW, what do you all think?
good dayPoW really does waste a lot of electricity.
PoS on the other hand, give you more chance to stake if you have more coins staking or more masternodes BUT with less electricity wastage.
Both are still prone to centralization.
PoW - More hashrate, you get more chance of minting new coins.
PoS - More coins staked, more masternodes or coins staking, you also get more chance of minting new coins.
I don't think it will be possible to solve the centralization, there will always be someone or some group who will try to dominate. That's just human nature, I guess.
Most new blockchains use PoS. Therefore, I think that PoS is the future. But I think that some good nodes are expensive and you need to look for coins that do not have such a high entry threshold, but are promising.
Both proof of stake and proof of work has different taste. If you want to join pos or masternode project we need to choose stable ones. There are lots of scammers in pos/masternode projects.
It caused by most of the developers are taking some percentages as their pre mined coin and they dump it to the market. that looks similar to the scam ico but that ico was raising the funds from investors and then they run away with it. Both are having the same taste caused by you get some dividend from the network from the help it to secure the network through staking your coin or put it and make it as master node.
Both proof of stake and proof of work has different taste. If you want to join pos or masternode project we need to choose stable ones. There are lots of scammers in pos/masternode projects.
Fact is that everything has two sides- the good and bad sides or pros and cons. However some bad sides are way costly than others so yeah, PoW has some serious demerits buh PoS isn't all that white either. That's why very recent projects are trying to create a blend between the two by using sharding, PoW/PoS algos etc.
I think that the combined algorithm that includes POW + POS + masternodes is the best decentralization for cryptoprojects.
Fact is that everything has two sides- the good and bad sides or pros and cons. However some bad sides are way costly than others so yeah, PoW has some serious demerits buh PoS isn't all that white either. That's why very recent projects are trying to create a blend between the two by using sharding, PoW/PoS algos etc.
definitely there are many SCAM masternodes, specially high ROI ones
but you can still find some that are good like BLOCK, DASH, so forth and so on...
you should go take a took at SINS and see how much ROI you will get for a month just running a masternode. For those have joined when the price was around $1.5 and they have gotten a very short term ROI. A month of running sins masternode already given back your money. Block doesn't seem a good choice because it has small liquidity. but you can still find some that are good like BLOCK, DASH, so forth and so on...
Almost 90% of masternodes coin will scam and using like Ponzi scheme. You can check at Masternodes.online. developer only takes money from you then destroys the market with insane dumping on pre-mine. Everyday sells and others will make Masternode/PoS killed
Is it true ? I am not very familiar with masternode, but it seems that it is simpler than Minning. well, it can indeed be an alternative for people who want to invest like Minning. maybe choosing famous coins like dash can be an option for that.definitely there are many SCAM masternodes, specially high ROI ones
but you can still find some that are good like BLOCK, DASH, so forth and so on...
In addition to the above suggestions given by other members, and aside from the veil pos, i think those who are interested runing a node and buying cheap coins to set up masternodes should take look at Daps (though still a token till mainnet is lunched), this is just a mere suggestion to those who are interested to own a node because most masternode coins are rather too expensive now than before, remember to do your DYOR before taking any step.
I agree. A lot of ecr20 token projects are setup as dpos and masternodes. Tons of those took a serious beating and dirt cheap. You can buy shipchain which was .30 cents ico price at half a penny. Development on GitHub looks good and they still promoting strong. Same as Pivx. A lot of masternodes oversold so I would scoop up on your favor projects. I'm mining zcoin to get a masternode. Most of them sold like they bull run of 2017 never happened and that killer deals still exist for legit projects
In addition to the above suggestions given by other members, and aside from the veil pos, i think those who are interested runing a node and buying cheap coins to set up masternodes should take look at Daps (though still a token till mainnet is lunched), this is just a mere suggestion to those who are interested to own a node because most masternode coins are rather too expensive now than before, remember to do your DYOR before taking any step.
definitely there are many SCAM masternodes, specially high ROI ones
but you can still find some that are good like BLOCK, DASH, so forth and so on...
Almost 90% of masternodes coin will scam and using like Ponzi scheme. You can check at Masternodes.online. developer only takes money from you then destroys the market with insane dumping on pre-mine. Everyday sells and others will make Masternode/PoS killed
Is it true ? I am not very familiar with masternode, but it seems that it is simpler than Minning. well, it can indeed be an alternative for people who want to invest like Minning. maybe choosing famous coins like dash can be an option for that.definitely there are many SCAM masternodes, specially high ROI ones
but you can still find some that are good like BLOCK, DASH, so forth and so on...
Masternode is a great alternative to classic mining. I think that this method of mining coins is much more promising than mining. In the future, all coins will be either on the POS or on the masternodes.
Where will the bitcoin be?
Let's wait for ethereum to move to POS and see what happens to its price.
Is it true ? I am not very familiar with masternode, but it seems that it is simpler than Minning. well, it can indeed be an alternative for people who want to invest like Minning. maybe choosing famous coins like dash can be an option for that.
Masternode is a great alternative to classic mining. I think that this method of mining coins is much more promising than mining. In the future, all coins will be either on the POS or on the masternodes. Almost 90% of masternodes coin will scam and using like Ponzi scheme. You can check at Masternodes.online. developer only takes money from you then destroys the market with insane dumping on pre-mine. Everyday sells and others will make Masternode/PoS killed
Is it true ? I am not very familiar with masternode, but it seems that it is simpler than Minning. well, it can indeed be an alternative for people who want to invest like Minning. maybe choosing famous coins like dash can be an option for that. I also think Blockchain technology is still an emerging technology and I'm sure there will be other sophisticated technologies that will be discovered or invented and that may incorporate masternodes / POS systems which could result to an efficient,effective and more secure hybrid network. Though I guess its still too early right now to arrive at that idea.
I found one cryptocurrency when still got high tech to mining hybrid. on step one they mining at CPU to get 100 minimum for staking next step. CPU become hot first over 100% worked then when value gotten 100 coin CPU return to normal and become 1h/s 
mining does require a lot of graphics card devices and you have to be prepared to need very high electrical capacity but with mining methods like POS this might save you the cost of electricity because you don't need electricity, you can get a lot of coins the advantages of that method.
That is why I believe that the future belongs to the masternodes and POS. This technology is more efficient and safer.Jump to: