I'm looking to set up my first masternode.
Come on now, it can't be that easy to make money. Some of these payout are the same as a daily pay for a minimum wage worker.
If this is true, why aren't more normies doing this?
Masternodes
Connor Garcia
Other urls found in this thread:
masternodes.online
gincoin.io
youtube.com
proofofweakhands.ga
twitter.com
Noah Jones
>If this is true, why aren't more normies doing this?
Try explaining to a normie how to buy a Debian VPS off digitalocean, log into it and setup a masternode
Eli Howard
I would do this if i had the capital to acquire 1000 dash. I would quit wagecucking.
William Hernandez
It doesn't too look hard, I watched a few YT tutorials.
All you need is
1. Download a Wallet
2. Buy a VPN server ($5/mo)
3. Copy and paste a bunch of lines
Is it because of the risk on shitcoins?
Jason Lewis
how much money do you need upfront to be a masternode for any coin?
Nathaniel Anderson
I'm looking to start a PURE node. It seems pretty legit, has been around for quite a few months; you get your money back in 30 days.
Brody Diaz
Iv got half decent stash of ENG solely for the reason of running a masternode! Please tell me this is gona he relatiely easy enough to figure out?
Andrew Flores
masternodes.online
It varies from coin to coin. The average seems to be a $1,000 to $3,000. DASH however is like 500k. There are some that are
Jason Allen
John Adams
I just watched this YT tutorial for a PURE MN
youtube.com
The dude finishes in 40 minutes (not including installation times) so I think it is easy.
Charles Walker
How to set up a masternode for RLC? What do you need for your computer? I'm going to USB CentOS on the Linux to try and learn some things, but wut else do you need for it
David Murphy
HAHHA...0 contributor on github....nice try pajeet
Noah Mitchell
it seems to me that all masternodes follow this formula
1. Have a wallet
2. Connect to a VPS
3. Payouts to your wallet.
I'll have more information once I come back successfully. (I have 10k transfering that will take ~5 days)
Pro's:
1. Don't have to have ANY SKILL WHATSOEVER. Unlike coding or accounting, you need a skill to get a job
2. Don't need to depend on anyone for an income; i.e please your boss
3. No social skills necessary; you don't have to get along with your coworkers
So what is it? What's the catch?
Ryan Adams
Are there any confirmed NEETs here who live off MNs? I first heard about this on Tuesday when a NEET said he gets $500-$600 a day off his MN's
Hudson Russell
Theres an user that posts about earning $2,500/mo from staking from buying in early to a coin that went up 10x.
Carson Green
Like that means anything.. Sounds like someone is trying to accumulate cheap Gin.
>GINcoin aims to provide cryptocurrency investors with an easy way of creating and deploying their own masternode(s) - regardless of their technical abilities. GINcoin masternodes and masternodes for other blockchains will be deployable in a couple of clicks or less. Our ultimate goal is to democratise the way masternodes are created and, as an effect, prove crypto is here to stay - by making it more user-friendly than paper money.
Gin already has a working platform with 700 masternodes running through it.
Thats not the point though... OP wants an easy way to set up a MN. Gin lets you do it in 1 minute without any programming.
Liam Flores
Your masternode ends up being for a shitcoin that tanks in value dumbass.
Lucas Turner
Running 8 StakeNet (XSN) masternodes. Considering to quit my day job already.
Camden Allen
Not if the coin has a PURPOSE and a legit product, unlike all the shitcoin masternode coins out there.
Read up on the XSN project if you want something worth anything besides masternodes
Noah Scott
"You should be buying PFR instead of whatever crap youre holding. Their mainnet comes out on April 30th. Do you realize that Localbitcoins now has KYC? Do you understand that once PFR is out, people will all jump ship to avoid having to upload documents? People kept doubting the project but these guys deliver. Do you want to be poor forever."
Leo Evans
Can you explain to me in simple terms what XSN does? If you can I'll do deeper research into it. Can't be hitting the books every time someone shills me a coin or I'd have no time to myself
Tyler Thomas
I just looked up their website
Seems very legit. They want a fast, secure, private blockchain built on the premise of MN's and trustless proof of stake
however it has low ROI. I would get a few stakes if I had more money.
Jackson Brown
Eh, I might look into it but don't see much of a point. We've got Monero for privacy, Nano for feeless and fast, and Ethereum for smart contracts, all projects with great teams that seem to be focused on evolving and adapting with the trends
Low ROI and the fact that I don't REALLY have capital to be throwing at masternodes makes me think I won't bother. But thank you user.
>Screencap this and show it to me in a few years and potentially laugh at the worst decision I've ever made
Aiden Lee
You should be buying PFR instead of whatever crap youre holding. Their mainnet comes out on April 30th. Do you realize that Localbitcoins now has KYC? Do you understand that once PFR is out, people will all jump ship to avoid having to upload documents? People kept doubting the project but these guys deliver. Do you want to be poor forever.
Josiah Wood
OP here.
I think my internet is too slow for masternode. It’s been an hour and the wallet hasn’t synced yet
Matthew Rodriguez
go for a utn node in enterprise environment. you will run at a loss for a couple months but this will be bigger than eth
Grayson King
ARY master node starts at $1500 right now. 3 tiers. 7500, 22500, 40000
Nathan Walker
because masternode tokens are pyramids with built in exitscam
you're paying to devs directly when buying nodes and most of your money isn't going to pyramid itself hence lower roi and they can pretend they are not a pyramid with "only" 40-50% a year
don't do that, feed real pyramids with your money instead
proofofweakhands.ga
Easton Allen
I set up a few cheap (
Evan Taylor
> XLQ/Bitfineon
That's all the input for today, user.
Robert Sanchez
What is a masternode?
Nathaniel Diaz
Investing in masternodes is the same as investing in any other shitcoin. The difference is that here you'll also be "mining" the coin with your masternode. Back in november I had a few masternodes of various shitcoins (the highest was worth 4k$ at the time of investing, the rest between $1k and $100).
I made some money with a few of the coins. Others dropped 75%+ but with the extra gains that decrease was reduced to 50% ish. I sold all my gains daily in order to earn nodes back in case they lost value, and sold the node if they increased significantly. That only happened to one node.
I made money but at some point I got rid of all my nodes. It's really a crapshoot when it comes to picking the right coin (and don't go shilling all the shit all those coins have anyway. 95% of the devs aren't devs and just copy paste, tweak some values, and do some marketing). And when a node as 10000% yearly ROI that's nice and all but the coin will drop in value drastically.
You'll also have to update and check on your nodes regularly because if there's a problem you'll lose your money making privileges for a day or so.
TL;DR invest in shitcoins instead. Or if you do want to try masternodes, go high risk into a coin with very few masternodes to capitalize on the early massive gains, or invest in a more mature, stable node count of 100+ but you'll make significantly less. Or just kys I don't care