Smartnodes investment and how much i already earned
As you know from my last post i'm involved in mining cryptocurrency.
But appart from mining i'm trying to invest some amount of mined coins into other projects, solutions - whatever it called.
In current post i will show you my second source of income Masternodes.
I'm talking about investing in masternodes.
But what is masternode?
Masternode in cryptocurancy ecosystem is a one of many machines (nodes) which is responisible for proving transaction. So in mining we are talking about POW (Proof of work) - you need do find right hash but in Masternodes we are talking about POS (Proof of stake) - to approve transaction you need to have amount of current coins in wallet which is connected directly with your Masternode.
In simple words.
When you have masternode and special amount of coins (amount its depend of coin) on connected wallet you will get some rewards on your private wallet. And that it.
Currently i've invested in 5 masternodes.
2 x Pushi - https://www.pushiplay.pw
1 x Relarium - https://relarium.com
1 x Olympic coin - https://olympiccoin.cash
1 x Sanchezium - http://sanchezium.com
Earnings from 07.04.2018 - 21.04.2018
Relarium (invested 1000 coins)
6 days
484,5 coins
Sanchezium (invested 2500 coins)
15 days
692 coins
Olympic coin (invested 1500 coins)
14 days
495 coins
Pushi MN1 (invested 1000 coins)
6 days
231,6 coins
Pushi MN2 (invested 1000 coins)
4 days
135 coins
At the end currently i'm selling coins every 2 days and now my Balance from rewards is 79 USD with investment arround 268 USD. But This iinvested amount i have still in coins.
Wow, this is interesting. I'm not sure I understand correctly, but are you saying that you've invested a little under $200 and already made $79 in about 15 days? That's quite impressive if that's the case!
I haven't heard of these coins before, I imagine they are smallcaps. I'm curious to know if the profit you made was only due to Masternode profits, or does it involve price increase of the token as well?
Indeed the income is impressive but i'm not assume to keep those coins forever because those are to small projects with verry big propability to disappear in few months :) thats while i'm changing them ASAP to BTC
Answering your second question about price increase. In this case (small unstable projects) the price is getting lower instead of getting higher. So my point is to earn invested amount ($268) and sell coins from wallet-masternodes but in the time when i will try to sell them i think they will be worth maximum $150.
As you see at the end i'm pointing to earn from rewards invested ammount and sell coins in current much more lower price as they was when i buy them to start masternode.
I think I understand, and yes pretty impressive!
I myself would be scared of the price of the token suddenly dropping. I have been seeing some interesting masternode coins (like SmartCash) but the price is so volatile that it's hard buying in at the bottom and I have difficulty really believing in the longevity.
I have looked into masternode (and similar) coins before, but didn't realize the profits were this great. Or at least, when I saw crazy gains I figured these must be scams or hoax or something else. Interesting to find out that's not necessarily the case!
Personally I opted to go a bit safer route (as well as easier) by pouring most of my investment into reward-giving coins like NEO which reward like PoS but don't require any running of a node. The gains are far less though - but perhaps this is offset by the rising price (bought in at $5).
After dabbling in the tiny-small-cap market for a while, I decided after a while it is too risky for my tastes. I found that it's easy to make a bit of money a lot of the times, but then 1 thing may happen to wipe out all gains entirely. It's almost a matter of time, like russian roulette!
I agree it is a smart move to cash out as much as possible and put it into other projects to diversify!
Good luck with your adventure in crypto :)
Thanks for shering your knowladge.
But i need to ask because you mention about smartcash.
This project looks for me very promissing and its one of the most trustfull on my list right after very expensive Dash and Pivx. I think it will be my next investment. I see that you have nice knowledge and want to know: What is your opinion about smartcash?
I am on the fence about smartcash. What I like about it is the massive rewards and cheap masternodes, as well as supportive community. I think Smartcash may have it's roots on Steemit, actually (not sure though).
What I don't like about Smartcash is that the rewards seem almost too good to be true. And I have serious concerns about adoption. Bitcoin itself is fighting the adoption-battle with difficulty.. so how is SmartCash going to conquer the world and become a world currency? I don't see any large partnerships or anything.
The only thing I do see is some giveaway events in Venezuela and other poor countries. Which I don't see helping the long-term cause all that much.
I fear SmartCash is not able to survive into the future for very far.
Up until that point though, the rewards should be good.
My personal reward giving picks are: NEO, OMG (PoS not enabled yet), ONT (PoS not enabled yet).
I also would like to own some Ark but currently don't.
The benefit of choosing a solid project with lower rewards vs a 'shady' project with high rewards is the ease of mind of not having to keep your finger on the sell-trigger in case things go wrong. And also, you can just set it up to earn and forget about it - as you're sure that in the future the price will be 10x so all you need to do is wait and generate as much rewards as possible. I don't even bother to sell my rewards asap.. I'm in the process of hoarding them until the price goes higher.
Hmm thanks for good info.
I will investigate more about ARK and maybe OMG
I would definitely recommend looking into OMG. It is very interesting and the premiere project on Ethereum. It operates on a profit-sharing token mechanism so the more succesful the network the bigger the payouts. The dev team has no other income than the token rewards either, which is good motivation to make it work. Vitalik Buterin is an advisor to the team, and OMG is the first project that will implement the Plasma scaling protocol.
Oh, also, Omise is an already existing company with thousands of existing merchants in S-E Asia. All of which will be ported to the OMG network once it's ready, which means an instant liquidity and profit from transaction fees.
It is one of my buy and hodls.. I will keep this one until 2020 at least.