Masternode — "lazy" alternative to mining

Date:

2018-02-18 18:45:05

Views:

3787

Rating:

1Like 0Dislike

Share:

Masternode — Source:

Everything is talking about mining and what it would be if to buy a few hundred bitcoins in 2009. No one wants to stay on the sidelines, trying to get into fashion topic and make a new technology a little extra money in different ways. We talk about them.

Mining — quite a profitable business, but for farms or tens of ASIC’s need place, good cooling system and soundproofing. In this case, the owner can organize the process of identifying a solution to add to the blockchain a new block.

Those who do not want to attract, you can start trading cryptocurrencies on exchanges, buying cheap and selling expensive. Most importantly — to be in the subject, giving the process much time, otherwise you can not only earn well but also quickly lose it all. But there's another way that cryptocurrency earnings — masternode.

Masternode — special knots used by some coins in their work. These nodes support the network, increase the speed of transactions and provide decentralization. In some networks, in DASH, for example, these nodes are used to perform instant and anonymous transactions, which take place only through masternode, increase stability and security.

Masternode — a node in the network of cryptocurrency, which is a server or computer with a static IP address and running cryptocurrency wallet is fully synchronized with bloccano. The site works around the clock, carrying out their tasks, and the network rewards masternode for it, paying a fee in coins for each new block.

But there are nuances. To run masternode the required Deposit. To DASH, for example, the Deposit amount is 1000 coins, which at the current exchange rate is about 700 thousand dollars. The required amount is blocked on masternode, so worry about that money wasted, not worth it. Moreover, one DASH’em all is not restricted, so you can find much less expensive options among the supported coins — they have smaller mortgages.

Masternode in DASH, for example, brings 0.2 coins or 137 dollars a day.

All that is required from future owner of masternode — to find the required amount of money to put a good PC with a static IP, and it is better to make a dedicated server, providing it a permanent job. In the end, you can get a good source of passive income that do not require major investments in farms, ASIC’and and cooling systems in specially equipped premises.

Chat
Chat .
Chat .

Recommended

To work with PDF difficult? Try this app

To work with PDF difficult? Try this app

PDFelement — a powerful processor to work with PDF Many of us somehow have to work with documents in PDF format. One needs it in the office, others just prefer to share documentation in PDF format as it is convenient to use and economical in ba...

How to get started with the training of neural networks

How to get started with the training of neural networks

No machine learning can not work none of the neural network. a few years ago neural networks were something outlandish. Now this tool is mastering more and more people. And this industry is evolving at an incredible pace: recently, the neural network...

Why China began to raise pigs the size of a polar bear?

Why China began to raise pigs the size of a polar bear?

Pigs can weigh more than a ton In the article about the successful establishment we mentioned that is one of the largest consumers of pork meat. However, at the moment, Asia is widely distributed so-called African swine fever. This disease is not for...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Tesla plans to build energy storage in new York

Tesla plans to build energy storage in new York

the Company Ilona Mask, inspired by the success of its energy projects abroad, decided to implement something similar at home, presenting a commercial offer to the authorities of new York. Its essence is to upgrade the power grid ...

Legend of game making Atari will release its own cryptocurrency

Legend of game making Atari will release its own cryptocurrency

the case of the once richest and most promising companies, engaged in creation of video games, arcade machines and consoles, in the last thirty years are not very good, but Atari continues to periodically pop up in the news with n...

Microsoft will create an identification system based on blockchain

Microsoft will create an identification system based on blockchain

the tech giant from Redmond is in step with the times, planning in the near future to use the blockchain to create a decentralized IDs that can be a reliable means of authentication. Your development Microsoft intend to apply in t...

Smartphone Essential from the Creator of Android sold very poorly

Smartphone Essential from the Creator of Android sold very poorly

In may last year that Andy Rubin, the legendary Creator of the Android mobile operating system, introduced the world to its own smartphone called the Essential Phone. This was preceded by a distinct and deliberate information leak...

Hackers have infected miner public sites US and UK

Hackers have infected miner public sites US and UK

Followed by sites with high traffic and YouTube attacks «black miners» were the sites of state bodies of the USA and the UK. Expert on cyber security Scott Helme reports that at this point in latent production involved t...

Nexus Earth and SingularityNET will begin the development of AI-based blockchain

Nexus Earth and SingularityNET will begin the development of AI-based blockchain

a Blockchain platform SingularityNET announced a partnership with Nexus Earth Partners. Now, the two companies will explore the possibility of creating and applying artificial intelligence technology . The company released a joint...

Tokyo will build a wooden 70-storey skyscraper

Tokyo will build a wooden 70-storey skyscraper

the Japanese company, Sumitomo Forestry announced its plans to build in Tokyo for a 70-story skyscraper made of wood last year, and recently finally presented a detailed plan for the construction of this extraordinary building. Ac...

Ekkø is the first virtual assistant to blockchain and cryptocurrency

Ekkø is the first virtual assistant to blockchain and cryptocurrency

developed by Konstantin Keller presented a virtual assistant Ekkø with a built-in Converter cryptocurrency. The bot was created in order to help learn the course and provide answers to pressing questions of the cryptocurrency worl...

Startup Tangem will release a

Startup Tangem will release a "smart" cryptomancer

Rapid growth in popularity makes even initially far from the topic people to pay attention to them. But to understand the diversity of the «coins» and the technologies associated with them, ordinary person is difficult. ...

The capital of Taiwan puts public services on a distributed database registry

The capital of Taiwan puts public services on a distributed database registry

the Government of Taipei and the company IOTA Foundation, in conjunction with startup BiiLabs to launch new services and technologies for distributed registry and the Internet of things. At the first stage it is planned to create ...

Intel will get rid of AR-division

Intel will get rid of AR-division

Intel, according to the publication Bloomberg, to sell a controlling stake in its units working on the creation of augmented reality technology. The company had previously planned to release in 2018 «smart» glasses Vaunt...

Kazuo Hirai stepping down as President of Sony

Kazuo Hirai stepping down as President of Sony

Sony has a rich history, full of UPS and downs. But, whatever it was, it is difficult to overestimate its contribution to the development of consumer electronics, various gadgets, and the gaming industry. Today few people have not...

Rumor: Microsoft is considering the acquisition of EA, Valve and PUBG Corp

Rumor: Microsoft is considering the acquisition of EA, Valve and PUBG Corp

an Unexpected information shared with the public reputable gaming portal Polygon. A reliable source close to Microsoft told reporters that the top leadership of the Redmond Corporation is seriously considering the possibility of a...

Best Russian regions for mining

Best Russian regions for mining

mining in Russia — it is profitable. The price per Bitcoin mined here a little more than 4700 dollars for «coin», and the climate in most regions of the country contributes to this noble occupation — in the s...

The U.S. wants to ban sale of smartphones without removable batteries

The U.S. wants to ban sale of smartphones without removable batteries

After the recent scandal on «Apple» the company drew attention not only the Internet criticism, but U.S. authorities. However, Apple is their actions can spoil the sale of not only themselves, but all all manufacturers o...

Stock scams from South Korea will identify the AI

Stock scams from South Korea will identify the AI

Korean Commission for supervision over the stock markets is going to introduce a new system with artificial intelligence that automatically detect fraud on various grounds. The system is already at the final stage of testing, and ...

Canadian entrepreneur heats a fish farm with the help of mining

Canadian entrepreneur heats a fish farm with the help of mining

Bruce hardy, a businessman from Canada who owns the company-software developer, and part-time engaged in the production , found an unexpected and very intelligent use of the allocated farms for mainiga heat. Now cryptoform literal...

In the United States for the first time approved the use of medical exoskeletons

In the United States for the first time approved the use of medical exoskeletons

In recent years, different firms produce more and more exoskeletons for a variety of needs, from devices to help the porters to a special military models. It is one thing to create the exoskeleton, and more — to obtain permi...

The Japanese company GMO Internet has developed a 12-nanometer chips for mining systems

The Japanese company GMO Internet has developed a 12-nanometer chips for mining systems

the Press service of the Japanese conglomerate reported that experts of the GMO Internet Group has completed the development of 12-nanometer mining chip Fin FET Compact (FFC). According to the creators, the chips won't arrive, but...

The Creator of the Linux Intel patch from vulnerabilities Meltdown and the Spectre is garbage

The Creator of the Linux Intel patch from vulnerabilities Meltdown and the Spectre is garbage

the Founder and head of the Linux Foundation Linus Torvalds is known for his sharp style of critique. A few years ago he chastised the developers of NVIDIA for their unwillingness to release software under Linux, and now expressed...