Running a masternode is profitable and fun!
A masternode is a dedicated computer, vps or rasberry pi device running our software which can be downloaded from Github.
Masternodes host a copy of the blockchain and help the network function. The masternode system was created in an effort to remove mining, distribute new coins in a fair manner, and save power. The power savings as a result of this system makes participation in BitF more economical for the masternode operator.
Unlike mining - a masternode operator needs to buy BitF at market and transfer it off exchange in order to "collateralize" a node. This is typically done with a Windows wallet. The collateral is "locked" while the masternode is active - but it can be unlocked and transferred out at anytime.
The collateral system provides the BitF network with the opportunity to build a dedicated group of operators who will strengthen our network. Until we have reached our total supply of 25m coins, running a masternode is an easy way to receive the bulk of the reward.
BitF is a Proof-of-stake coin - simply holding it offline in our wallet provides the ability to earn 25% of all new coins minted. This is the easiest way to earn BitF and least technical!
Masternodes are entitled to 75% of a new coins minted. Setting up a masternode can be a fun project. It's the best way to earn and grow with BitF.
These Guides Will Help You Get Started:
https://steemit.com/cryptocurrency/@bitf/how-to-setup-a-bitf-masternode-on-ubuntu
https://steemit.com/cryptocurrency/@bitf/how-to-setup-a-bitf-mastnode-on-microsoft-windows
Learn More and Get Involved
Twitter: @BitfDev
Discord: https://discord.gg/4pH2YVV
Telegram: https://t.me/BitFChat
Reddit: https://www.reddit.com/r/BitFCoin
Github: https://github.com/BitFdev
BitcoinTalk: https://bitcointalk.org/index.php?topic=4940023.0
Website: https://www.bitf.cc
Wallets: Windows | Linux | Mac OSX
Email: [email protected]
This is going to be interesting let me access it and what you got for me. Nice job
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Thanks for this post @bitf.. I'm definitely going to be doing more research on setting up a masternode for this project and investigate the staking situation. Where can I purchase BITF?
Hi friend. It is so nice. I like it.
Good and nice, thanks for it
What is this garbage, dont buy a masternode.