Passive Earning with Masternodes

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One of the interesting aspects of the crypto-token game is the number of ways that coins can be obtained.  Setting up and running a Masternode is a great way to create a regular stream of earnings without having to dedicate computer resources or paying the substantial electric bills these devices require.

What is a Masternode

A Masternode is a server used as part of the decentralized infrastructure of a cryptocurrency.  A Masternode must be online 24/7/365.   As a reward for supporting the infrastructure of a particular currency, a reward is paid on a recurring basis.

What you need to run a Masternode

To run a Masternode you need a computer that is always on, a (relatively) static IP address, and the ability to follow instructions.  There are several companies that will host your Masternode for you for a nominal fee if you don’t want to go through the process of setting one up on your own.

How to create a Masternode

To create your own Masternode you will need to follow these basic steps:

  1. Choose a Masternode coin and find the specific instructions
  2. Download and setup a wallet for your chose coin
  3. Mine or purchase the number of required coins and put them in your wallet
  4. Download and setup the masternode software
  5. Enable your masternode
  6. Proffit!

Masternode.pro is a great resource for learning about crypto coins that support masternodes.

 

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