Good day Jow Forumsraelites. Who has masternodes here and how much $ are you making with them? Protips welcome.
Masternodes. Who has them?
Landon Morris
Jayden Collins
been having a phore masternode for 3 months. The price is very stable so its actually profitable.
Lincoln Martin
So thats like $1200 over the course of 3 months? If my math is correct anyway.
Ayden Brooks
I honestly do not get the economics behind masternodes. They sound great at first, but unless we expect go keep going up linear you would be better off selling them as others stack up on them. By the time the market cycle is over you will have more capital than those throughout the next cycle. The only time to stack up masternodes is when we are heading down, and hope we will recover. I did quite some math on Dash and a huge amount of back testing. Now hold lots of ZenCash and SmartCash because I know selling them on the way up as others buy into nodes is my best bet for long term profits here.
Any criticism is welcomed.
Leo Scott
Masternodes are a scam. I have owned lots of them. The key is to buy several and be one of the first ones in. Then dump all your coins on the new masternode buyers. This is why they fail almost every single time.
Ryder Collins
From my research this does happen. And the issue here is that people do not dump 1-2 coins, they end up dumping a whole masternode, or several of them (500, 1000, 10k coins per node) and it creates a cascading effect (see pic). While all your coins are locked up and you end up magnitudes behind the actual market maker. There may be some masternodes which will be long term viable, but with most I doubt hey can be.
Christopher Long
Masternodes serve as a decentralized computational cluster and they are extremely difficult to sybil attack. It would take hundreds of millions to attack Dash masternodes because the attacker would have to buy a huge amount of MN and than lose massive amounts of value in the attack. Masternodes are brillianthe invention. They also serve as a function for investors to participate in the network and earn passive income as they help provide a decentralized computational service. You can build some incredible fucking shit on top of masternodes and it is secure to attack. People don't realize the significance of masternodes and all the fucking incredible shit you can build on them. They scale also because they are paid.
Easton Bell
I have 5 gin nodes gaining me 6k USD a month
Jaxon Young
> Invest a ton of money into 1 shady coin
> 50-75% of that coin is owned by founders and they get most the rewards
> Your huge investment could easily lose 90% of its value
> You have to eat losses when masternode holders decide to dump their masternodes
> supply chain masternodes nobody uses and if they do tokens are bought at major discount from founders
Masternodes really appeal to the brainlet who doesn't want to work and thinks they're going to get passive income from crypto. Even holding large amounts of shitcoin like NEO for passive income is retarded. Selling 1000 NEO at $180 gives $180K and 7% returns in a S&P index means $12K /yr. If you held that NEO it's now worth $40K and you're checking CMC every hour hoping the shitcoin isn't worth $10 soon.
Liam Martin
Nice, so its basically $1200 a month for 1 masternode right now.