How GIN Introduced MasterNodes to Us
Before last month, I’d heard of MasterNodes of course. Specifically, I had looked at the cost to get a DASH masternode and immediately dismissed the idea as completely out of range for me or anyone in my crypto group.
But, one evening I had read a little blip on Twitter about GIN, and my curiosity was piqued. “Hmm, a turnkey MasterNode system?” A bit more investigation made it even more exciting, when I discovered that it was easily within my budget, especially if I split what I thought then was a very speculative move into several shares with my friends. So that’s what we did, we split up the cost 4 ways, with me as the manager of the node.
I signed up at Crypto-Bridge and bought the required coins. At the time, it cost about $1,000 worth of Bitcoin. Then I went to the GIN turnkey site and started the process.
It took 30 minutes, and I kept my crypto group updated every step of the way. We were all a bit surprised at how smoothly and evenly it all worked, to be honest.
The next day, we started receiving our MasterNode payouts on our new node. It is difficult to describe the feeling of getting your first one. At 10 GIN for each payout that was worth about $10. A few times a day, I got another payout. A small boost of happiness every day. I know it sounds odd, but that feeling of just watching the money roll in is immensely mood boosting, even if each event is fairly small.
After a week of steady profits, we were all sold. Using the GIN platform for many, and manually building others, my group has added 11 more Masternodes to our collection in the month since GIN opened the way for us. I’ve now got four nodes (all different coins) that I own personally, and the profits just keep rolling in.
My observation, having done it both ways and having been through some “MasterNode drama” with other systems, is that GIN is a true standout in this space. In fact, the perfect example of that happened over the past couple weeks. GIN had a mandatory MasterNode version upgrade. What I had to do was … nothing. OK, I had to upgrade my wallet, but that was no effort at all. My payments never had a hiccup either. For systems hosted by the GIN ecosystem, that’s exactly what would happen. It would be automatically handled for you regardless of which it is: Appolon, Kraken, Pyro, Alqo, LuckyBit, Kingston, Olympic, Agena, or Phore.
On the other hand, this weekend I had to manually upgrade one of my MasterNodes. I’m an experienced developer, I’ve been professionally programming for 25 years, so manually upgrading was not very difficult for me. However, I note that I’m not certain the upgrade was done properly, and won’t be until I see a new payment. The confidence level is simply different.
My entire crypto group (a fancy name for a bunch of friends that look out for each others’ profits) is thrilled that GIN has opened this incredibly profitable and fun area of Crypto to us. I hope it does for you as well.