IMPORTANT: Reputable masternode hosting providers will NEVER ask you for wallet access. NEVER give your wallet recovery phrase or keys to anyone. Most masternodes only require the address of your wallet that contains the collateral, and YOU lock your collateral YOURSELF in your own wallet.
What is masternode hosting?
Turn-key setup and hosting for your masternodes, so you don’t have to.
Masternodes are part of the technical infrastructure that supports specific cryptocurrencies like Firo, Energi, PIVX, or Dash, and verify blocks on the blockchain.
Operating masternodes via cloud hosting is another way to participate in the cryptocurrency ecosystem.
- Online Business
- Low Touch Source of Residual Income
- Inexpensive to Start
- Turn-key Hosting Available
- Coin Quality
- High Risk of Loss
- Very Complex if Setting Up Yourself
- Cryptocurrency is Volatile
- Industry Rife with Scams/ Hackers
Are you looking for a way to make extra money using masternodes with minimal effort? (That is the point of Levered Income). Masternode hosting is the way to go. Masternode hosting is a hosting provider specifically designed for hosting and operating masternodes and an excellent tool to leverage to get started with masternodes.
But what exactly does it entail, and how can it benefit you?
What is Masternode Hosting?
Masternode hosting is a service that allows masternode operators to host their masternodes on a specialized server.
A masternode is a full node in a decentralized network that performs certain functions, such as verifying and validating transactions. This type of hosting provides the user with an easy way to set up and run their masternode without worrying about technical details or hardware costs.
Masternode hosting works by allowing users to rent out space on servers located around the world. The user pays for this space, which is then used to run their masternodes. These nodes are responsible for processing transactions and providing other services within the blockchain network they are part of.
The main difference between regular hosting and masternode hosting lies in how it is managed.
With traditional web hosting, you have access to all your files and can make changes whenever you want; however, with masternode hosting, you don’t have direct control over your node but instead rely on the provider’s management system for maintenance tasks such as updating software versions or restarting nodes when necessary.
There are several providers available offering different types of packages depending on what kind of services you need from them – some offer basic setup, while others provide more advanced features like automated backups or monitoring tools so you can keep track of your node’s performance at all times.
Popular providers include Nodehub, I Host Masternodes, and Pecunia Platform.
Everything you need to select, deploy, and monitor masternodes - all in one place and at a great price.
We now host all of our masternodes with Pecunia.
- Inexpensive
- Great Support
- Easy to use interface
- Some delays adding new coins
Everything you need to select, deploy and monitor masternodes - all in one place.
- Great Support
- Easy-to-Use Interface
- Over 80 Supported Coins
- Expensive
I Host Masternodes is an online masternode hosting service with over 20,000 hosted masternodes covering over 180 coins and over 10,000 shared masternodes covering 51 share-supported coins.
The primary benefit of using masternode hosting is that it eliminates the need for knowledge associated with setting up a traditional masternode server environment – no need for expensive hardware or additional staff members dedicated solely to managing the infrastructure behind your nodes since everything will be taken care of by the provider itself.
How Does Masternode Hosting Work?
Using the provider’s platform, you spin up a server with the software and specifications needed for that cryptocurrency’s requirements. The provider installs the software, you enter some information about your staking, the node syncs up to the blockchain, and you are now running a masternode.
Setting up a masternode on a hosting platform is relatively straightforward.
First, the user needs to choose which cryptocurrency they want to host their masternode on – this will determine which type of wallet they need to set up and what other requirements may be necessary (such as specific hardware). Once that’s done, the user can then select an appropriate hosting provider from those available online.
Example of some of the Masternode coins available on Pecunia Platform
Once selected, the user will need to configure the settings within their chosen wallet for it to connect with the hosted node properly. This includes entering information about how many coins are needed as collateral for them to start running their node successfully. After that’s all done, users can launch their nodes and begin earning rewards from block rewards or transaction fees depending on what type of network they are connected to.
When selecting a masternode hosting provider, there are several factors one should consider before making any decisions:
Cost/fees charged per month;
Uptime guarantees, if any;
Customer support options (chat, email, etc.);
Security measures taken by providers;
Reputation/experience level of providers;
Availability of additional services offered such as managed services or automated setup processes, etc.
It is also vital that users understand how long it takes for transactions processed through these nodes to take effect; some cryptocurrencies have faster confirmation times than others (which means you get paid faster), so it is best practice to research beforehand.
How is Masternode Hosting Different from Regular Hosting?
Masternode hosting is a specialized form of hosting that is designed to support cryptocurrency networks. It differs from regular web hosting in several ways.
The first difference between masternode hosting and regular web hosting is the type of server used. Masternodes require dedicated servers, which are more expensive than shared servers. Dedicated servers provide higher performance and reliability for running masternodes than other servers.
Masternode hosts often offer features such as automated backups and failover protection that are not available with traditional web hosts. These features help ensure that your node remains online even if there’s an unexpected outage at your host’s data center or if you experience a hardware failure.
Finally, most providers offer managed services specifically tailored towards running nodes on various blockchain networks like PIVX or Beldex. These services include monitoring tools to keep track of node performance metrics such as uptime/downtime statistics, block times, etc., so you can be sure your node remains operational at all times.
Example from Pecunia Platform of the PIVX Coin
Masternode Hosting Providers
Nodehub.io
Nodehub.io is one of the leading providers of masternode hosting services.
They offer managed solutions for shared and dedicated nodes, with 24/7 monitoring and support available to ensure maximum uptime and reliability. Nodehub also provides an intuitive user interface, which makes it easy for users to set up their nodes quickly without needing any technical knowledge or experience.
I have used this provider to host both PIVX and FIRO masternodes and was very happy with the service.
Everything you need to select, deploy and monitor masternodes - all in one place.
- Great Support
- Easy-to-Use Interface
- Over 80 Supported Coins
- Expensive
IHostMN
IHostMN is another popular provider offering reliable masternode hosting solutions at competitive prices.
Their service includes automated setup, instant activation, real-time monitoring, secure backups, and multiple payment options, including Bitcoin (BTC), Ethereum (ETH) & Litecoin (LTC). IHostMN also offers comprehensive customer support with knowledgeable staff who can help answer any questions about setting up your node correctly or troubleshooting issues if they arise.
I have not used IHostNM because I was not interested in the masternode coins on the platform, but they seem to offer a robust platform at a very reasonable cost.
I Host Masternodes is an online masternode hosting service with over 20,000 hosted masternodes covering over 180 coins and over 10,000 shared masternodes covering 51 share-supported coins.
Pecunia Platform
Pecunia Platform (my “go-to” platform) is a cloud-based platform providing hosted masternodes for several different cryptocurrencies, including Dash (DASH), PIVX (PIVX) & ZCoin (XZC).
With Pecunia Platform’s simple setup process, you can be up and running within minutes without worrying about technical details like server configuration or security measures – all these things are taken care of by their team behind the scenes, so you don’t have to worry about them.
Additionally, Pecunia offers various features such as auto-updates when new versions become available, ensuring your node stays secure at all times as well as daily backups just in case something goes wrong unexpectedly during operation timeframes.
I now use Pecunia for all of my masternode node hosting and have over ten masternodes hosted with them across multiple cryptocurrencies.
Everything you need to select, deploy, and monitor masternodes - all in one place and at a great price.
We now host all of our masternodes with Pecunia.
- Inexpensive
- Great Support
- Easy to use interface
- Some delays adding new coins
Tips for Choosing a Masternode Hosting Provider
When it comes to choosing a masternode hosting provider, there are several factors that you should consider.
Reliability is key when selecting a host for your masternode. Ensure the company has good uptime and customer support in case of any issues. It’s also important to look at the pricing structure (fundamental when analyzing profitability) of the hosting provider and compare it with other companies offering similar services.
Ensure that the hosting provider offers easy setup and management tools, so you don’t have to spend too much time setting up or managing your node yourself (this is Levered Income, and saving time is our focus).
Take some time to review different options before committing to one particular service; this way, you can find one that best meets your needs without breaking the bank.
What is Masternode Hosting – Frequently Asked Questions
What does a masternode do?
A masternode is a specialized type of node in a cryptocurrency network that performs specific functions beyond simply relaying transactions. It requires an initial investment of coins and provides rewards for running the node, making it an attractive option for those looking to create additional income streams.
Masternodes facilitate features such as instant transactions, privacy, governance, and budgeting within the network. They also provide increased security by verifying all transactions on the blockchain.
How much does a masternode cost?
Masternodes are a type of cryptocurrency node that requires an upfront investment to operate. The cost of setting up and running a masternode varies depending on the specific cryptocurrency but typically ranges from around $25-$10,000 in staked cryptocurrency. Masternodes provide additional income streams by allowing users to earn rewards for validating transactions on the blockchain network.
However, they also require ongoing maintenance, and the profitability can be highly volatile due to their reliance on crypto prices.
Are masternodes a good investment?
No.
Cryptocurrency is not an investment. Cryptocurrency-related operations (masternodes, brokers, financial apps) are not investments. They are speculation.
Look at the stock price performance of Coinbase (COIN) since being listed:
Masternodes require an upfront cost to set up and maintain, but they also offer passive income as rewards for helping secure the network. Generally speaking, masternode speculations are best suited for those who have some knowledge of cryptocurrency trading and investing. It is important to do your research before starting in any masternode as they have significant risks.
How much can you make from masternodes?
Masternodes can be a great way to generate additional income streams depending on the quality and use of the underlying cryptocurrency.
The amount of money you can make from masternodes depends on the cryptocurrency you are using and the number of coins held in your node. Generally, rewards range from 5-20% per year, but this varies depending on the coin and market conditions. Research each coin before staking a masternode, as some may have higher risks than others. Additionally, keeping up with any changes or updates that could affect your returns is essential.
What is Masternode Hosting – Final Thoughts
Operating a masternode is a great way to generate additional income streams and can be an attractive option for those looking to diversify their investments with some speculation.
I will repeat it – cryptocurrency is not an investment.
If you are going to operate a masternode, masternode hosting is a great tool to get started quickly without knowing how masternodes work. There is no need to set up and monitor a specialized server. There is no learning curve other than following the instructions of your masternode hosting provider about connecting your wallet to the node. Your masternode hosting provider should handle all aspects of masternode configuration.
IMPORTANT: Reputable masternode hosting providers will NEVER ask you for wallet access. NEVER give your wallet recovery phrase or keys to anyone. Most masternodes only require the address of your wallet that contains the collateral, and YOU lock your collateral YOURSELF in your own wallet.
