How to Set Up a Masternode and Earn Passive Income through Crypto in 2024
Aayushi Jain
In 2024, masternodes are becoming a popular way to earn passive income in the cryptocurrency market, with average annual returns ranging from 10% to 30%.
To set up a masternode, you typically need to hold a minimum amount of coins. For example, Dash requires 1,000 DASH, currently valued at approximately US$250,000.
Masternodes facilitate transactions and maintain the blockchain, offering rewards. Some coins like PIVX and Zcoin offer rewards up to 12% annually.
You'll need a dedicated server or VPS for your masternode. The average cost for a reliable VPS is around US$15 to US$30 per month, depending on specifications.
Key cryptocurrencies for masternodes in 2024 include Dash, PIVX, and Horizen. Research and choose the right one based on setup costs and reward structures.