I recently wrote a Steemit post titled How To Build A Cryptocurrency Proof-of-Stake Mining Box For Absolute Newbies. In this article I discussed how to set up a Raspberry Pi as a stake box.
The post gathered quite a following and made it to the front page of r/cryptocurrency. To illustrate the process I used Denarius (DNR), but the other coin I mention is Bulwark (BWK). In the article I ran some calculations to work out what sort of passive income I could earn from a dummy investment of US$2000 into DNR, both at current prices and if DNR mooned. Since posting it I’ve had a number of people messaging me asking about Bulwark and asking if I could run the same profit calculations for it.
Bulwark (BWK)
Market Cap: $7.2 million
Current price: $0.84c
Here is my key features list:
• Privacy focused
• Proof of Stake
• Masternodes (5000 BWK, ~$4000)
• Low supply (14 million)
• Community-oriented
• Security hardware, including the recent Bulwark Secure Home Node
Bulwark is a privacy-focused cryptocurrency forked from PIVX. The coin was born out of an observation of generally unfair practices within the masternode space, where a select handful of early adopters managed to get their hands on a huge proportion of MNs. Bulwark’s fair launch strategy (no ICO and small pre-mine) has allowed participants the opportunity to get on board early with this promising project.
Masternode Return
I can see at masternodes.online that one BWK masternode returns 7692 BWK annually (~$6200 at time of writing). I then did a very rough calculation to see what these rewards would equate to if Bulwark managed to make it to the top 50-100 coins by market cap ranking (I know this is moon talk, but hey, it is just for fun).
BWK price if made top 100: $10.3
Masternode return per year if BWK made top 100: $79,223
BWK price if made top 50: $28.3
Masternode return per year if BWK made top 50: $217,639
Keep in mind that these figures are based on today’s market caps, so in reality if BWK happened to reach the top 100 in a year’s time the overall crypto market cap will be different, and so too will the rewards. The rewards will potentially also be a bit higher due to compound growth of your BWK balance. Regardless, the reward potential is absolutely massive, and there is no wonder Bulwark’s masternodes are growing in popularity at such pace. My one suggestion: get them while they’re cheap! And even if you cannot afford a masternode just yet, you can always get staking first with a view to buying one down the line.
Read more on Bulwark here:
Official Website
Bitcointalk
CoinMarketCap
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