A couple of days ago I set up a MARCO masternode. If you don’t remember, this project is trying to make masternodes a little easier by only requiring that you set up one to invest in many. The team picks masternodes with a good outlook and invests the community funds. As the profits roll in, they are divided up and distributed among the masternode holders. It’s a cool concept and definitely lowers the barrier of entry to the world of masternodes. Anyways, I got my first rewards. I have already received two masternode payouts!
Obviously I won’t be retiring off of these two rewards, but it’s a great start and really encouraging to see profits roll in after spending the money to get a masternode.
Today I completed my second masternode. I chose XMX because of the low price and high ROI, which means that the risk is low and upside is high.
Here’s the specs on XMX:
The masternode cost me $239 and has a ROI of 240%. This isn’t the best ROI, but since the team seems strong and the cost is low, I see it as a great investment. The masternode cost is bound to go up over time so if I don’t make my money back through masternode rewards, I should get a decent ROI just from holding this coin.
As for the process: pretty smooth overall. The discord has a few really good helpers available to get you through the process. I did have a couple of hiccups, mostly due to me being new at setting up masternodes, but was helped through it fairly quickly. Their official guide could use some touching up and clarifying, but overall it was pretty good as well. The biggest barrier of entry to masternodes is how difficult or confusing it can sometimes be to set them up. That’s why it’s important that the coin you’re considering has a decent community and active developers to help you when you need it.
I’ll be updating my earnings as they come in.
Yesterday, I set up my second masternode ever. My strategy going forward with masternodes is going to be to find cheap ones with a decent, steady return. This should make them low-risk, safe investments that allow me to diversify my funds, since I can obtain many different masternodes. So, on to MARCO.
Marble Coin masternodes are kind of like owning a share in a mutual fund. The Marco team makes investments in the best masternodes (according to their analysis) and shares the profits weekly with MARCO masternode owners. This is on top of the MARCO mn reward. This idea interests me because it is essentially investing in those who have experience with masternodes and masternode investments. So for someone relatively inexperienced in this area, it’s a great launching point.
Now for some info on ROI:
It takes 25,000 MARCO to obtain a masternode. MARCO can be purchased on CryptoBridge and a masternode is currently worth about $320. The current yearly ROI is 165%.
I will be keeping a close eye on this project and possibly setting up some more masternodes in the future.