Hey guys, if you didn't catch my other post about masternodes you can see it here where i explain the basics of what a masternode is and how you can profit from owning one. In my post i used PIVX as an example, mainly because its one that i know the most about, since i myself am invested in PIVX and hope to own a masternode some day soon.
Masternodes are nothing new, but they have been gaining popularity from Crypto bloggers and youtube personalities promoting them. All of this is good for the market in general, and especially good for the coins that offer masternodes since it helps to protect the price somewhat because there is added incentive to hold on to your coins in order to keep masternode status and the passive income that comes with it. But with all of this added attention the price of these coins has shot up in the last few weeks even in the bear market we are currently in. This has put the dreams of owning a master node out of reach for a lot of us, so i though id look at the other coins out there that offer masternodes.
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Dash Masternode
Coins needed for node: 1,000 Dash
ROI: varies between 4.5% and 18.1%
Distribution: 45%
Cost = ~ $140,000
Crown Coin Masternode
Coins needed for node: 10,000
ROI ~ 55%
Distribution: 45% of block reward
Cost = ~$10,000
PIVX Masternode
Coins needed for node: 10,000
ROI ~ 45%
Distribution: 45% of block reward
Cost = ~$14,500
MUE – Monetary Unit Masternode
Coins needed for Node: 500,000
Distribution: 45% of block reward
Cost = ~$40,000
Transfer Coin Masternode
Coins needed for the node: 10,000 TX
Earnings of 50% of the mining rewards
Cost = ~$4,000
Excl coin Masternode
Coins needed for Node: 5,000
Distribution: 10% of stake reward
Cost = ~$3,250
As you can see there are still coins out there that offer Masternodes at reasonable price points. This can also provide a passive income stream and could also prove very profitable indeed in the future should the coin succeed. As always though do your due diligence before investing your money and never put in what you cant afford to lose. Despite my love for the technology we need to remember that odds are even if blockchain is to succeed there will be many failures along the way as in any expanding sector, just look the dot com boom in the 90's and you will see what i mean.
Let me know your thoughts on masternodes and if any of you own one.
Peace
Rob.
