So when you first found out about cryptocurrecy how long did it take YOU to get involved?
For myself it took a few months from first hearing about cryptocurrency to make the decision to finally get involved in this fascinating opportunity.
My journey began in a predictable way which I'm sure many of you can relate to...
These 12 steps took around a month EACH to complete. The list above is essentially my first year in the crypto-space ending up where I find myself today! I wish I knew then what I know now about masternodes and proof of stake coins to build my portfolio sooner and capitalise on the rewards.
Using Twitter to gather the newest information about cryptocurrencies I was lucky enough to find a piece on what was a little known currency called RUPX which has recently began its own PoS and masternode compatibility and this coincided beautifully with my own own interest in those subjects.
My passion began to take over the whole household!
I always like to delve a little deeper into the cryptocurrency community that I was looking to invest in by joining the coin-of-interests discord group (a bit like a whatsapp/telegram chatroom) to get the real scoop on current events and make certain of what I am getting into. I felt like a spy on the inside!
In many groups I felt the lack of support and community disengagement I was confronted with was a stark contrast to the friendly and helpful community members and developers in the RUPX chatroom I found who gave me all the information I needed to set up my own crypto-income machine- the masternode!
Now I would say I'm somewhat savvy with computers and know little about coding but even I was able to set up my masternode with the help from the community.
But wait a minute... What the heck is a masternode!?
Well masternodes are supportive mechanisms of the Proof-of-stake PoS community as an alternative to PoW. They essentially keep the blockchain moving by providing instant transfers and anonymous transfers within the network among a host of other abilities like voting for the future roadmap of the coin.
PoS is different to the original Proof-of-work PoW (mining) coins that the blockchain technology began which are still utilised by products like BTC. The beauty of the alternative PoS coins is that they don't use up all that powerful and expensive computing power that 'mining' coins do making them more environmentally friendly and energy efficient. Instead of your computer using a huge amount of power, electricity and cost to show the 'proof' that you solved the complex crypto-algorithm to generate new coins and get rewarded the PoS coins merely ask you to prove that you HELD the coins and reward you based on your coin collateral and this saves all that expensive power being used by PoW coins.
A masternode is the next step up from PoS coins where you typically require an initial collateral of 1000-10,000 coins to generate the node. This masternode provides essential services to the network whilst at the same time you are under no obligation to keep the coins "locked up" in any way as if you feel you want to sell the coins you always have the choice to sell them on the exchange at any point. Masternodes simply work as a bonus to generate additional income that is more rewarding that proof-of-stake alone.
I started with one masternode a week ago and been saving up the collateral to generate more coins and more masternodes as my goal isn't simply to sell the constantly generated coins but instead compound the total to generate more and more masternodes and maximise my total daily profits.
As of today those figures are:
There are a lot of sketchy masternodes coming out at the moment (much like the sketchy nature of the ICO space) where you need to do your own research and find out which investment would be best for you and do your due-diligence.
I feel like I got lucky on my timing with RUPX by getting in early to maximise my opportunity to build up a strong network for the community and maximise my passive income from a cryptocurrency portfolio.
At the moment each masternode is generating about 400 RUPX coins each day and I'm looking forward to saving up for my next one!
I am not a financial advisor but feel the timing for getting involved for a cheaper initial investment is rather good at this time as I expect a great deal of excitement around this coin when the new website drops in the next 48 hours https://www.rupayacoin.org/
The technique for setting up a masternode safely on a virtual private network is on the open-source site https://github.com/rupaya-project/documentation/blob/master/guides/mn_setup_hot_cold_wallet.md and I am one of the community members that can assist you on the discord https://discordapp.com/invite/WcHSQ6V
Rupaya is an exciting well-driven community that we are keen to grow to become the largest crypto currency in Asia . The latest price on RUPX can be found here https://coinmarketcap.com/currencies/rupaya/
Come say hello on our community chat! https://discordapp.com/invite/WcHSQ6V
ᵖ⁰ᶫ@ʳᴷʳ@ᵏᵉᶰ (AKA CrushCashPoker)
