Get to Know the Desire Masternode
Desire (DSR) is a relatively new cryptocurrency that aims to provide an improved experience over traditional representatives like Bitcoin and Ethereum by using a two-layered network. This is where Desire masternodes come into play. Investing a certain amount permits users to host this type of node, which allows the network to make use of functions like InstantSend, mixing of coins for increased privacy and implementing budgeting systems. In this guide, you’ll learn how to setup your own DSR masternode and what payout you can expect.
How to Make Money From DSR Masternodes
Since we’re speaking about Proof of Work algorithms combined with masternode functionality, means that the block reward will be split between the masternode operators and miners. The Desire masternode reward is equal to 42.5% of each block prize which is 11.32 DSR while the average block time is less than 3 minutes. To host a masternode on the Desire network, you need to lock in 1,000 DSR. Additionally, you should download and install the native blockchain wallet which supports the masternode functionality.
Desire Masternode Setup
MINIMUM REQUIREMENTS
Here is what you need to run a DSR masternode:
- Obtain 1,000 DSR from an exchange like Crypto Bridge
- Download and install the official wallet
- Acquire a VPS with minimum 1GB hard drive space and a static IP
- A second PC to host your coins as cold-storage and delegate to the VPS is recommended
- linux
- wallet
- desire
How to Set Up a DSR Masternode Step by Step
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Set up your VPS. You can easily hire a VPS, but you need to ensure also that your internet provider offers static IP address.
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Install OS and connect to the VPS. To establish connection with your server you will need SSH software like PuTTy.
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Install the official Desire wallet. Bear in mind that hosting a Desire masternode is available only through the official wallet.
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Send 1,000 DSR to the masternode address. Be advised, you need the exact number of 1,000 DSR to be sent to your wallets address. When they are received, configure the masternode setting from the wallet’s interface.
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Run your masternode wallet. Start the wallets software and check if everything is running smoothly.