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.
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
I hope this tips can help you
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