Masternodes vs. Mining

C

ChainSpecter

New member
I've been digging into how to earn some Dash and I'm stuck deciding between setting up a Masternode or just going with mining. I really like the idea of a Masternode since it's supposed to give you a steady payout which sounds awesome for a little passive income. But then I saw you need 1,000 Dash to even get started and I was like "Yeah that's not happening anytime soon!" Mining, though, seems more doable for me. I've heard you can still make a decent profit if you set things up right or use one of those efficient hosting services I keep seeing online. I'm still trying to wrap my head around which one's the better bet for me down the road since they both have their good and not so good side.
 
Exactly, you don't need 1000 Dash to start.
You can use Dash mobile Staking feature or going directly to Crowdnode shares service crowdnode.io
 
tfoto said:
In fact, you only need 1 coin to start staking, and you can do it right in the Dash mobile app.
Click to expand...
I am interested in that, but was to know how safe crowdnode is? From my understanding you do not have control of your keys, is that correct?
 
yqldash said:
I am interested in that, but was to know how safe crowdnode is? From my understanding you do not have control of your keys, is that correct?
Click to expand...
there are 2 modes:
in the first your funds really belong to the CN.

but there is trustless. if you have 50(100) coins. then through the smart contract your funds together with other participants take part in staking, but in any case they will be returned to your wallet
 
splawik21 said:
Exactly, you don't need 1000 Dash to start.
You can use Dash mobile Staking feature or going directly to Crowdnode shares service crowdnode.io
Click to expand...
I'm reviving this answer because at least two people have recently asked me if there's any possibility of fully decentralized Dash stacking with a few hundred Dash.

I think Crowdnode needs to receive the funds on its platform, both for trustless and trustworthy stacking, and I don't know if the phone's stacking system is trustless or not trustless.

Is it really still so cumbersome at this point to create a decentralized API that makes things easier for Dash holders?

I see dozens of platforms that do DEX stacking in a matter of seconds, and the closest thing here is a cumbersome multisignature fund that can take several weeks.

Obviously, everything I'm suggesting is without KYC and without using a CEX.

If you give me options, I'll pass it on to these people; if they see it as feasible, they'll probably be able to attract more interested people.

Best regards and cheers.
 
Dans said:
I'm reviving this answer because at least two people have recently asked me if there's any possibility of fully decentralized Dash stacking with a few hundred Dash.

I think Crowdnode needs to receive the funds on its platform, both for trustless and trustworthy stacking, and I don't know if the phone's stacking system is trustless or not trustless.

Is it really still so cumbersome at this point to create a decentralized API that makes things easier for Dash holders?

I see dozens of platforms that do DEX stacking in a matter of seconds, and the closest thing here is a cumbersome multisignature fund that can take several weeks.

Obviously, everything I'm suggesting is without KYC and without using a CEX.

If you give me options, I'll pass it on to these people; if they see it as feasible, they'll probably be able to attract more interested people.

Best regards and cheers.
Click to expand...
Hey man, yeah Crowdnode staking via the mobile app is trusted service.
It is not possible to make a Trustless solution via the phone but also before you have a Trustless solution your funds are in custody of Crowdnode till the Trustless MN/Evonode is funded.
I know @pshenmic made a proposal for a Trustless solution for MNs in the DAO proposal that passed but what is the status on this I don't know.
Can you enlighten us and if this solution is 100% Trustless @pshenmic ???
 
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