What are Masternodes
Masternodes are computer servers, setup to serve the users of a particular cryptocurrency. They are a form of a super-delegate on a blockchain with voting rights. Basically this means owning a shit ton of a specific cryptocurrency that allows for masternode payouts. Masternodes manage a treasury fund which ensures the long-term viability of a crypto project. This focuses minds on the long term rather than cycles of pump and dump.
What do Masternodes do
Masternodes generate yield, in crypto-currency. Hosting a Dash masternode generates Dash, a MUE masternode generates MUE. The yield varies primarily according to the masternode count and each coin might have different payout periods. PIVX pays out daily; Crown pays out several times a day.
How to own a Masternode
To create a masternode, a user needs to hodl a specific amount of coin within a wallet. Below is a list I have discovered to contain masternode investing:
Dash Masternode
- Coins needed for node: 1,000 Dash
- ROI: varies between 4.5% and 18.1%
Crown Coin Masternode / Tron / Thrones
- Crown Coins masternodes are called Trons.
- Coins needed for node: 10,000
- ROI as of 2/3/2017: 58.87%Payout: At current node counts, around four payouts per day. The reason there are multiple payouts per day is that there are more blocks mined per day than active Trons currently. At some point in the future, when there are more active Trons the payments will have larger gaps.
PIVX Masternode
- Coins needed for node: 10,000
- ROI as of 17/03/17: 39%
MUE – Monetary Unit Masternode
- This coin is in the process of migrating towards a masternode system
- Coins needed for Node: 500,000
- ROI: Still in development
Transfer Coin Masternode
- Coins needed for the node: 10,000 TX
Excl coin Masternode
- Coins needed for Node: 5,000
On top of the financial aspect, masternodes are a great governance mechanism for decentralised organisations like cryptocurrencies. Owning own is not only about money, but also gives you a voice in the direction of the coin. Personally I think there is a lot to benefit from owning a masternode, or at least owning one with a group of trusted investors, especially if a cheap crypto can be discovered now that has proven itself in the future. Imagine owning a dash masternode a few years ago! I'm currently interested in participating in a PivX masternode, however ideally I would love to own a whole node myself, on a crypto thats much more unknown and cheaper with a great amount of potential.
Do you have any nodes or that's just the ROIs you've found online. Good luck on becoming an engineer. -> Mechanical Engineer here and it's worth the time, effort, and craziness. Came here from finding you on #thl.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I currently don't have any myself, but have been looking into one from chaincoin, which is one of the cheapest nodes. Always good to hear from an engineer, and thanks for the reassurance! It's always handy to hear that especially when going into a new semester!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @karabrick! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit