Great info as usual @heiditravels!! Just adding some extra information, study before setting the masternode and paying for the VPS server the price evolution of the coin you want to do the masternode...In my case, long time ago, I had a SmartCash node, the coin was loosing value everyday, so the coins mined didn't paid for the VPS...So, choose a healthy coin! dont go for the cheapest & easyiest one
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Great point. Investing in a masternode very much should be treated as the serious investment that it is.