Quote from: ArkiCrypto on July 11, 2018, 12:15:41 PM

Good day,

I'm really no have any knowledge in regards with any technicals stuffs including setting up nodes right now i'm having trouble in regards with this since I want to setup a masternode but I don't have prior knowledge about it, Is it okay to ask here about technical stuffs?

here's the questions:
1. How can i set up masternodes (I tried to do a research and watching online but I'm still confused)
2. Do I need to have a VPS in order to create a node?
3. What does the VPS do in regards with setting up node?
4. Is it risky? Or atleast may I know what are the risk I will face when I setup a node?

Thank you if someone will going to answer this and give some other infos about setting up nodes for a people like me who's profession is far away from this technical stuffs.

Hello,

So first, you need understood what is a masternode.

This is my concept: Masternodes is a node that can run a blockchain to server peers, and transactions , requests, etc. Basicly you will be a node inside the network, similar a one miner, but your machine is runnuing all time , serving the access to a blockchain.

How can you run a masternode ?

First you need a some number of coins to run, this is choosed by creator of blockchain , you can take a look onn https://masternodes.online/ you will see how much coins you need to run a masternode.

After you have the coins, you need setup a blockchain. On 99% of cases you will need run a blockchain, each blockchain have a tuturial. Basicly all masternodes ( 99%) uses RPC communication , similar to bitcoin, so , try run a bitcoin node, if you have a success you can go ahead with masternode setup.

And how can you setup a node of bitcoin -> https://bitcointalk.org/index.php?topic=3175836.msg42447020#msg42447020 ( portuguese, but you can read easily the comands on ubuntu)

After you have a success with a node btc, now you can start. You need choose a coin, this is a big problem , a lot of coins created every day, many options, and 90% of that is scam coins. Masternodes in general is a scam, you can search and see a looooottttt of scams masternodes.

On the concept , they try create a new coin to be used, but who will use XYZZcoin , every day ?

So all masternode investiment have a high risk to loose everything invested.

The VPS is simple, in general you just need a good network , on my another post . (link on top) ,you can see 4 options of vps to run a nodes.

My personal experience :

- Not SCAM but big down . QBIC , i loose ~8ETH on the past
- SCAM SAROS - big down - i loose 2ETH, on the past
- POLIS - A good surprise, the coin every day show more strong portifolio, and dev team is making a good job.
- MIRQ - Looks a SCAM, i bougth and sell 2 weeks after launch.
- DINERO - I dont know.. lol - i loose 3 eth, the coin still runnning.

I run a masternode for every cited coin above, my experience, forgot this and buy bitcoin, save in your ledger or trezor, forgot to 1 year or 2. And got a big profit Wink

I hope this tips can help you

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