Re: Can anyone kindly explain how does running a DASH MasterNode helps you to profit

45% of each blockreward goes to masternodes
45% of each blockreward goes to miners
10% of each blockreward goes to Dash decentralized budget.

To see what this means in profit terms : https://dash-news.de/dashtv/

Keep in mind the VPS server will have renting costs (approx $10 per month) and will need monitoring and maintenance / updating when necessary.

Basicly the network rewards the masternodes for providing important services for the network
(Instantsend, Privatesend, block propagation, etc ).
It rewards masternodes in Dash directly from the blockchain every 8 days with a few conditions tied to it (masternode needs to be active and it's collateral intact).

By the way, everybody is entitled to their own opinion but most of the people that are calling Dash a scam coin turns out to be people heavily involved in trolling other coins to promote their own coin. FYI

Thanks! Very informative.

1000 Dash coin is a very high cost in fiat terms.. May need to skip this idea...

You can also look into setting up a shared masternode with other community members, that way you are personally not bound to that 1000 Dash
collateral.

link : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885

There is a catch though, most of these are "trusted" hosting providers meaning you have to trust them with your Dash. But on the other hand
these are all respectable community members (some are even core-team members) with a reputation to uphold.

A trustless solution will come at some point with Dash Evolution through decentralized masternode shares but that will take time before it will hit Mainnet,
it will be something to keep an eye on though.

link : https://www.youtube.com/watch?v=4GRrLiTCq5M

That is a great idea. I did not think of searching for this. Shared master node. Thanks. Will look into it. Any recommendations?