with less than $ 1 it is possible to invest mining through masternodes

zcorecrypto (37)in #zcore • 6 years ago

With the fall in the price of Bitcoin throughout the year, mining experts heard by Criptomoedas Fácil pointed out that the process is not more profitable in view of accounting that involves several factors such as the difficulty attached to the algorithm, the energy cost per hash, between others. In this way, large miners around the world have shut down their machines awaiting a recovery in prices, meanwhile, other miners, keeps their operations even at a loss in the expectation of recovering the investment once prices rise again.

However, mining farms in Latin America looking for profitability and new business opportunities, such as CoinPy by Rocelo Lopes, point out that investment in masternodes has been a profitable option in the current market. Mining experts such as Elquer Carlos of Rei do Coin, Dave Gutteridge of the Investing in Blockchain portal have also pointed out that the investment may be interesting in both the short and medium term.

Investing in mastery basically consists of buying (holdar) a certain quantity of coins and allocating them in the masternode (ie they can not be spent while they are performing this function) and execute the software that allows the operation of the masternode, this software can be installed on a proprietary hardware (remembering that it needs to be connected 24 hours a day 7 days a week) or through rented computing power, such as in a dedicated hosting service, VPS (Virtual Private Server) which will probably have a time of activity more stable than the average domestic broadband connection, in addition to signifying significant energy savings.

"THEREFORE, IT IS HIGHLY RECOMMENDED THAT YOU DO NOT CHOOSE ONLY ONE COIN TO PERFORM A MASTERODE FULLY BASED ON ROI. IDEALLY, YOU ARE INVESTING IN THE FUTURE OF THE CURRENCY AND BELIEVE IN YOUR PERSPECTIVES, SO YOU HAVE THE CARE OF CONTRIBUTING WITH YOUR VOICE VOTING AS NECESSARY. IF YOU HAVE INACTIVE HARDWARE AND A STABLE INTERNET CONNECTION, MASTERNODES CAN BE A GREAT WAY TO USE THEM. A LIST OF COINS THAT OFFER MASTERNODES WITH STATISTICS ON THE PERFORMANCE OF YOUR ROI CAN BE FOUND AT THE SITE. HOWEVER, BE AWARE THAT CURRENCIES WITH PROMISING RETURNS CAN BE FUNDAMENTALLY UNSTABLE FOR DIFFERENT REASONS, AND AS THE RETURNS ARE ALWAYS PAID IN THE NATIVE TOKEN, THERE IS ALWAYS THE RISK OF LOSING THE INVESTMENT. AS IT HAPPENS TO ALL THINGS IN THE CRYPTOMOUS WORLD, MAKE YOUR RESEARCH BEFORE COMMITTING ANY TYPE OF INVESTMENT”. -GUTTERIDGE HIGHLIGHTS.

But the number of currencies that have to be allocated to run a stock market may be an impediment to anyone who wants to enter this market with a view to future profits. For example, to run a NEM masternode (called a supernode), you need 3,000 XENs; in the case of Dash, you need 1,000 coins (6% ROI); SmartCash, 10,000 coins (37% ROI); Zcore: 5,000 coins (78% ROI), an investment that can be high as the currencies have to be in hold. However, one can also run shared masternodes, a relatively new type of investment that has attracted part of the community.

According to Anthony Montecalvo, there are currently several shared masternodes platforms, such as StakingLab, GTMcoin and 4stake (the latter is Brazilian), all of which have many crypto-coins available.

"IF YOU WOULD LIKE TO START THIS KIND OF INVESTMENT, YOU CAN DO IT IN STAKING LAB OR GTMCOIN, HAVING AT LEAST ONE CURRENCY AND AT 4STAKE, YOU MUST HAVE 1% OF COIN GUARANTEE. FOR EXAMPLE, THE FULL MASTERODES OF ZCORE IS 5,000 COINS AS A REPRESENTING WARRANTY (100%), IF YOU OPT TO ROLL A MASTERODE SHARED AT 4STAKE, YOU NEED ONE (1%), THAT IS 50 (ZCR), TO BE SENT TO THE ADDRESS ON THE PLATFORM AND SHE IS RESPONSIBLE FOR EXECUTING IT AND PLAYING REWARDS DAILY ", MONTECALVO HIGHLIGHTS.

However, in the case of shared masternodes it is necessary to take into account that their coins have to be sent to another person, in this case the wallet of the service, unlike the complete masternode, in which the cryptoactive ones are in the user's own wallet.

"MASTERNODE CAN REALLY BE CONSIDERED AN INVESTMENT, HAVING SEEN THAT IT IS POSSIBLE TO BE PART OF A NETWORK, GUARANTEEING THE GREATER SECURITY AND AGILITY IN THE TRANSACTIONS, IN ADDITION TO THE POSSIBILITY OF MAKING REWARDS THEREOF. IN ANY WAY, IT IS VERY IMPORTANT TO KEEP ATTENTION TO THE RISKS AND POSSIBILITIES BEFORE INVESTING IN ANY CRIPTOMOEDA OR INVESTING IN CREATING A MASTERNODE, "AND WITH THIS ELQUER ENDS.