Well, if you have been dabbling in crypto you must know what masternodes are or have at least heard of them. It is a full node of a cryptocurrency, so it keeps a full copy of the blockchain on a computer or server. Masternodes perform special functions as well such as instant transactions and increasing privacy. Let’s take a look at how we can earn passive income with Masternodes.
Masternodes generate rewards for performing the special functions we talked about by locking up a certain number of coins as collateral. Each masternode coin has different collateral set by the creators of the coins. So each masternode will have a different cost associated with it based on the number of coins required and the price of each coin.
Each masternode coin also has a rate at which rewards are paid. There are a few factors that impact how often rewards are paid to a masternode. One of these would be the number of masternodes on a network. More masternodes would cause a slower payout as it needs to split all of the rewards between all masternodes.
So how do you select a masternode coin to invest in?
We have always used Masternodes Online to list the top masternodes by trading volume. Below we list a few popular ones that won’t break the bank:
Each masternode project will have its own setup guides which will either be on their websites or discord channels. We use Ubuntu Linux for setting up masternodes in the cloud using VPS’s (Virtual Private Server) provided by hosting companies such as Vultr.com
As with all crypto investments, do your own research and only invest amounts that you can afford to lose.
Thank you for taking the time to read about how you can earn passive income with Masternodes. All the best!
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