The text below is an advertorial article not written by Cryptonews.com journalists.
Masternodes for everyone
What would you do if you were a wheat farmer at a time when the price of wheat plummeted? You would get stuck between your expensive machines and your debts. The high volatility of your income – coupled with the underlying volatility of wheat, cocoa, etc. – requires a high degree of flexibility in your costs in return. But flexibility is a luxury that producers of wheat, cocoa and other raw materials do not have because of their unchanging costs (silos, tractors, oil wells, etc.).
Due to cryptocurrency volatility, miners operate in relatively similar market conditions. On the other hand, they benefit from a considerable degree of flexibility in organizing their costs. When mining a cryptocurrency is no longer profitable, the miner just has to redirect the processing power of his machine to another cryptocurrency blockchain (in line with what was seen after the halving of Bitcoin and Bitcoin Cash). In the worst case, they just need to disconnect their machines. This provides a significant strategic advantage to cryptocurrency miners.
This is an advantage to the French company Feel-Mining has decided to take advantage of its customers’ benefits by offering them the opportunity to invest in a masternode in minutes and to earn back their investment within 24 hours.
Before we continue, let’s briefly remember what a masternode is. While not exhaustive, the nodes of a blockchain can perform several functions. They can store all or part of the blocks of a blockchain, produce new blocks thanks to mining, they can validate and broadcast these blocks over the network, and they can even sometimes participate in the blockchain governance. A masternode brings all this together. It is therefore a super node of sorts, powerful but heavy and complicated to install and maintain for non experts.
The masternodes available for Feel-Mining run on blockchains using a Proof Of Stake (POS) protocol. Unlike the famous Proof-of-Work, this consensus algorithm allows a node to produce and validate its blocks only if that node contains enough tokens, also known as collateral. So the miner has no interest in attacking the network because he could lose some of his equity.
Simple and easy mining for everyone
What Feel-Mining offers in its “Expert” offering (which it introduced in France) is the ability for its clients to invest their own tokens as collateral in these masternodes so that they can take advantage of mining profits.
And if you don’t have the necessary tokens for the collateral, Feel-Mining offers a “simple” package, where the customer can subscribe at once to the collateral and the masternode management costs. Thanks to this option, you no longer need to be a technician or even a cryptocurrency holder to take advantage of mining profits. Contributing to the functioning of a blockchain and harvesting the fruits turns out to be a matter of minutes and child’s play. But a masternode can be expensive to own and you still need to have enough money to invest in it.
This is where an innovation-signed Feel-Mining comes in, allowing users to pool their tokens to take advantage of a masternode’s profit together. Under this scheme, the share of everyone’s income is proportional to his / her initial interest. This “Shared” mode allows users on a budget to enter mining.
Until a few years ago, it was inconceivable to operate a node without IT expertise, substantial capital injection and a carefully defined business model. Today, this service is available to everyone and that’s good news for the blockchain world.