Get to Know the GinCoin Masternode
The GIN platform is meant to provide an easy way for investors to create and deploy GinCoin masternodes and other cryptocurrencies’ masternodes regardless of the user’s technical skills. According to the project’s developers, you will just need a click or two to deploy a masternode. This way, they aim to prove that cryptos have a future and are more user-friendly than fiat money. To guarantee the security and anonymity of the transactions, GinCoin masternodes, as any other full archival node, include InstantSend and PrivateSend features. In this article, you’ll find an overview of how to determine your Gincoin payout and learn how to setup your own masternode.
How to Make Money From GinCoin Masternodes
It is important to understand these masternodes are created with a turnkey platform. Meaning that right after you purchase the needed number of coins for your masternode setup you don’t need to do anything else or have any technical skills. It will save you the hassle of searching VPS or to know programming commands. It’s that simple. The platform itself creates and configures all aspects of your GinCoin masternode and automatically uses a VPS called Vultr, which is the biggest and most recommended VPS provider online. The total block time at this point is 2 minutes and the reward are equal to 20GIN per block. The best thing is that reward is split 50/50 between masternodes and miners and nothing is left for development and community purposes.
In case, you want to create and config your own VPS on the Gin platform, check the setup guide below.
GinCoin Masternode Setup
MINIMUM REQUIREMENTS
- Download the GinCoin official wallet
- Acquire exactly 1000 GIN. You can purchase the amount from Tokok or Crypto Bridge
- VPS with a proper and stable internet connection and static IP address. Vultr is quote popular VPS service provider, known worldwide
- linux
- wallet
- dash
How to Set Up a GinCoin Masternode Step by Step
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Set up your VPS. The VPS needs to have minimum 1GB ram, 5GB hard drive space and Ubuntu 16.04v software to run Gin masternode. Make sure to use exactly this version of Ubuntu, as the masternode’s installation shell script will run on no other
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Set up OS on your VPS. To establish the connection between them you will need SSH software like PuTTY or terminal on MacOS or Linus to root that VPS
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Install the official wallet and configure it on the VPS
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Send exactly 1000 GIN to your masternode wallet address and configure the masternode.conf file on your PC
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Run your Gincoin masternode and check if everything is working properly and its connected to your VPS