Running a masternode is profitable and fun!
A masternode is a dedicated computer, vps or rasberry pi device running our software which can be downloaded from Github.
Masternodes host a copy of the blockchain and help the network function. The masternode system was created in an effort to remove mining, distribute new coins in a fair manner, and save power. The power savings as a result of this system makes participation in BitF more economical for the masternode operator.
Unlike mining - a masternode operator needs to buy BitF at market and transfer it off exchange in order to "collateralize" a node. This is typically done with a Windows wallet. The collateral is "locked" while the masternode is active - but it can be unlocked and transferred out at anytime.
The collateral system provides the BitF network with the opportunity to build a dedicated group of operators who will strengthen our network. Until we have reached our total supply of 25m coins, running a masternode is an easy way to receive the bulk of the reward.
BitF is a Proof-of-stake coin - simply holding it offline in our wallet provides the ability to earn 25% of all new coins minted. This is the easiest way to earn BitF and least technical!
Masternodes are entitled to 75% of a new coins minted. Setting up a masternode can be a fun project. It's the best way to earn and grow with BitF.
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