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RE: Looking Into Masternodes

in #bitcoin7 years ago

I think a smartcash node sounds interesting right now since it's down to like $0.16 and I know it would cost something like $1,600 for the node. The question is could you run like a little Raspberry Pi from your bedroom or would you need a VPS from something like Digitalocean? That would be an additional monthly cost of course in addition to the initial outlay of $1600.

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I hear VPS is the way to go.
I like SMART I'll have to check out their masternodes.

I'm setting mine up at the end of the month using VULTR. 5 bucks a month is nothing and it's worry free. Excited to see how SC does in the upcoming weeks.

So if the price of SC coin is going up, your profits do too, and vice versa, correct?

I don't know the exact calculations, but a % of the rewards go to the people who hodl their smart in their wallet (smart rewards) and another % goes to the people running nodes.

But long story short, yes. The rewards % will fluctuate with the price going either direction.