Dash masternodes paying $9,000+ in dividends a month, is it too late to start?
I'm a small holder of the Dash coin and have been following it since I started into my crypto adventure in July of this year. (Still a newb by many crypto standards)
I found it very surprising that purchasing/owning a masternode in Dash from one year ago has resulted in some outstanding monetary gains. (It is almost unbelievable IMO) People that took the advantage of starting a few Dash masternodes could probable retire if they choose to do so. (Provided that Dash continues to survive as a crypto going forward)
From the Dash site, we see that the market cap is 6.8 B and the volume at 229 M. The current masternode count is at 4,763. Each Dash masternode is 1000 Dash.
This is the one year weekly chart of Dash, some really nice price appreciation there...
This is the daily chart of Dash from early November. The peak was on Dec 20th at $1596!
From the Dash site regarding the setup of masternodes:
"As of October 2017, the Dash network has over 4500 masternodes located in over 41 countries and hosted on over 100 ISPs. The block reward is approximately 3.6 Dash, so the selected masternode receives 1.8 Dash per payment or an average of 7 Dash per month. The block reward decreases by 7.14% approximately once per year, so the annual return on investment (ROI) to a masternode owner is currently approximately 8.4% and will decrease over time."
This is a tweet from a Dash spokesperson Amanda B. Johnson from Dec 20th. So 7 Dash at $1331 each equals $9,321, not too bad of a passive income for holding Dash in a masternode huh? If you had a few of them, maybe you would think about retiring? Or focus on trading the crypto markets? I'm sure you would find something to do...
In early December 2016, Dash was trading at $8 USD each. Lets say we purchased 1000 Dash at $10 each and setup a masternode.
That 10k investment went to a peak of $1,596,000 on Dec 20.
It is paying ~$9k a month in Dash. (With price appreciation, it may even go higher into 2018)
It pays to be informed and to take action. But are all of the opportunities gone already? Did we all miss out on gaining these types of gains and dividends?
Maybe, but there are quite a few coins/tokens that are Proof of Stake / Delegated Proof of Stake in which hosting a masternode is still attainable. You must do your research though as many of these cryptos may be gone within a year or ?
If you do not want to host a masternode (or have a service host it for you), you can have a staking wallet for the POS coins. I plan on starting a small portfolio of these coins to obtains a small passive income each month. I purchased a mini PC for just over $100 specifically to hold the staking wallets.
If you are currently staking coins/tokens, which ones are you holding?
I really love your fresh take on crypto journalism, very interesting story.
Thanks for reading and stopping by the blog.
Maybe you are a lucky person ,, while I am a loser ,,, I am in these three days get the bad luck .. Dash Price I keep down until today I have lost 5 million ...
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