Topic: Suck At Trading? Earn Passive Income With MASTERNODES Instead (Read 262 times)

The dream would be to by a Dash masternode. If I would be able to buy Dash masternode I would quit with bounty programmes and trading and enjoy my life. The most difficult thing is to earn 100k USD till and everything would be awesome.

So it's about $2400 to set up a master node and you can receive $60+ per day. Excuse me if I'm being naive here but that sounds far too good to be true. How can such a thing be possible?

I think this is a very good way for people to earn passive incomes when they are not good at trading or are not into trading at all. Staking masternode coins have given people a way to make sure that they are always making more money and more coins when they are staking properly. This is the only good part of masternode coins because other than that they are trash

Ok i get the idea of masternodes, running a node and being rewarded for doing so.
But wouldnt a very important aspect be the actual coin or project must be useful?
It seems to me that the usefullness of the coin is overlooked in favour of ROI.

yeah configure masternode not difficult but need type few commands in wallet
here is calypso coin support https://discord.gg/2sFycC8 help you setup one

the story of dash masternodes and roi from running them is impressive. Running a masternode will be a great deal in 2018, and if market goes sideways bearish I think even more people will try to scout out a coin with cheap masternode to run. As in future the cryptoland will grow all of those people will be rewarded.

BiblePay (BBP)
- 10% mined coins always go to Charity (already sponsoring 180+ Orphans monthly)  
- ASIC-Resistant like Vertcoin/Groestlcoin (CPU Mining Only)  
- fork of DASH (Masternode Governance, Proposals & Voting), 10% Monthly Budget for IT/PR/P2P Live  
- Proof of BibleHash (POBh) algorithm, All Nodes are Full Nodes  

Launched July 23rd 2017, Market Cap below 1 million, $0.0018 per BBP
https://bitcointalksearch.org/topic/biblepay-10-to-orphan-charity-randomx-mining-sanctuaries-masternodes-2388064

IN DEVELOPMENT: Partnering with Rosetta@home to cure cancer with mining cycles

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Understanding the Governance and Budget System
https://dashpay.atlassian.net/wiki/spaces/DOC/pages/8585240/Understanding+the+Governance+and+Budget+System

At the moment there is a funding ongoing for 5 BTC to be raised for coinexchange.io listing. They've promised to list ALQO/BTC and ALQO/ETH for this fee.
So any donation would be highly appreciated and the funding is 100% transparent to be seen here:
https://funding.alqo.org/

Further down the road there are talks with 2 TOP50 exchanges where one they've promised to list ALQO by end of february (no name yet).

Check out for the latest update in the ANN thread.
https://bitcointalksearch.org/topic/m.29649072

I noticed ALQO has a banner on the masternodes.online website

This is good as lots of these sorts of projects don't have much of a marketing strategy at all

The roadmap looks solid too! What new exchanges are being targeted?

To make it easy for everyone, even the complete non techs, to own a masternode the ALQO team created the "Hosting service" https://hosting.alqo.org/. This makes it super easy for anyone to get a masternode running. Check out the video they've made for it: https://youtu.be/YoKUgkP2los

Surely the owners could change the profitability of the masternodes but if they do they completely loose trust and this is something you cannot recover from in the crypto world. So I doubt that they risk the hard earned trust they already have.

I am currently mining ALQO for few days and i am happy to mine ALQO .
Not selling and holding all my coins and i am a supporter of this project.

Masternodes are not for everyone either, also they require some technical setup like vps and other settings, i know they are profitable but the owners of the project can change that too.

Thx for choosing the ALQO masternode coin as an example of a "high quality" coin in your perspective.

We as the team will certainly do anything to bring that project to a solid foundation making entry barriers as low as possible for newcomers into crypto. In our view this is one of the main hurdles the most people are facing at the moment. Hope the easy Masternode setup procedure was a little glimpse fo what you have to expect in the future in terms of accessibility.

Masternodes are a good way of earning, but I wouldn't necessarily do it as a passive income. Mostly because you'd expect price to go up, so you wouldn't want to spend them, would you?

Masternodes is really a great way to set up a passive income if you have the ability to buy enough coins to support running a masternode.  I was making a ton a day when XIOS was still around that was almost outproducing my miners.  If you can get in a few of these coin early and set up a few masternodes early you really can make quite a bit.

Though one of the things I'm looking to do this year is to add Masternodes tokens to my investment by setting up some, that was why I invested in project like Wagerr, Boscoin and Exscudo but none has released their platform yet, I don't find this project useful IMO also the identity of the team is no where to be found

This post is going to be part guide / part shill, so save the comments telling me I'm just shilling

Many people who have recently entered the crypto world have most likely heard of making money through mining, but not as many people would have heard of Masternodes. Masternodes allow for anyone with enough coins to run a node and collect daily payouts without having to buy and run expensive mining gear.

What Is a Masternode Exactly?

Put very simply, a masternode is a node that is constantly running (best to use a VPS) which verifies transactions on the blockchain.

When running a masternode, your coins are "locked" and you cannot spend any of the masternode coins - you will only be able to spend the daily coins that are sent to you. If you ever want to stop the masternode and sell your original coins, you can unlock them at any time - but you will no longer receive payouts.

The benefits of having masternodes are:
Instant transactions
Increased anonymity of transactions
Ability for masternode owners to vote in decisions of the coin/project
Less coins in circulation (due to being locked up), this increases the price due to scarcity and thus increases your payouts
For a more technical explanation, visit: https://themerkle.com/what-is-a-masternode/

How To Set One Up?

There are dozens of coins that have masternodes these days, I normally choose mine after sorting through and researching the different coins on https://masternodes.online/

For this guide, I've chosen to use ALQO - it is by far the easiest masternode I have ever set up and is a great option for masternode noobies to get their feet wet.
Head to the exchange and buy your coins. An ALQO masternode requires 10000 coins to run a node and are currently available on the decentralized exchange Crypto Bridge - https://crypto-bridge.org/
Download the correct wallet for your operating system: https://alqo.org/wallet
Send your coins to the wallet
Purchase your VPS hosting, you can use something like Vultr but the official hosting of ALQO is just as cheap for $5 a month and they even help you set it up. https://hosting.alqo.org
Once you have received their email, telling you your hosting is ready, watch this video:

Back up and encrypt your wallet and you're all set!
You can then close down your wallet and PC and after waiting about 48 hours, you will get your first payout. Payouts will then become daily, which you can either keep in your wallet or send to an exchange for bitcoin right away. It is completely safe to run your masternode on a VPS if set up like this, as your coins/private key never ends up anywhere other than on your computer and in your wallet.

The current payouts as of writing the post are:

Daily: $66
Weekly: $467
Monthly: $2,003
Yearly: $24,377

Full stats can be found here: https://masternodes.online/currencies/ALQO/

So Why Did I Choose ALQO?

ALQO has a small but dedicated team of developers that have achieved a great deal in just a couple of months. Their masternode service has broken down the barriers for many people to set up and run a masternode - they have the highest percentage of coins locked up in masternodes than ANY OTHER COIN.

The marketcap is still tiny in crypto terms at only ~$35,000,000 - so there is so much room for growth. Lower marketcap = can be more risky, but the upside potential can be huge when you see coins going from $10,000,000 to $1bil + in a couple of months. I'm not saying this is going to happen, but the potential is there and it's easier for a small cap coin to do that type of growth. I have made most of my money investing in QUALITY small cap coins, then watching them explode x10 - x50.

Today, they have just released news that they will be opening their own exchange and using ALQO coins as the fees, much like Binance does with their Binance Coin (BNB). The exchange is going to be targeted towards Germany/Europe (where the developers are based), and allow FIAT entry - this is a huge because it cuts out having to use exchanges like Coinbase to load dollars/euros in. The exchange is expected to open in Q3 of this year.

They have also announced that they will be implementing Atomic Swaps this quarter. Atomic Swaps allow 2 people to send 2 different coins to each other (providing the coin allows Atomic Swaps), without using an exchange or escrow service. For example, if I want to buy some ALQO for BTC off of someone, I can send my BTC to him, knowing that if he doesn't send the ALQO I can then revoke my BTC. This is huge for crypto and allows for even further decentralisation by cutting out exchanges for quick trades.

I really expect that once this coin hits a bigger exchange it will take off and the cost of a masternode will be above 6 BTC (over $100k). I got mine for 0.8BTC and the price has risen 0.5BTC since. It's staying reasonably priced because it's still on a smaller exchange, but will be added to more soon.

If anyone has any questions about setting up their masternode, I'm happy to answer.