Get to Know the Linda Masternode
Linda is a cryptocurrency project by a small group of developers, which decided to fork the 8-Bit coin, as they deemed it had worthy features but a flawed execution. Thus, they developed a PoW and PoS hybrid that offers more than 70% of the block reward for stakers. Also, there are Linda masternodes which enable one of the key features in the network – instant transactions. Masternode operators are also part of the governance and treasury system, which allows them to vote for major change proposals and help develop the project further. Further useful additions include how swaps and stealth transactions.
In this guide, you’ll learn how to set up your own Linda masternode and start making a passive income.
How to Make Money from Linda Masternodes
To run a masternode, you’ll first need to invest 2 million Linda coins which will yield you roughly 1.2 million in return or a 60% ROI. Don’t be alarmed by the initial amount, as currently the coin has a relatively low price, which will most likely increase in the future. The masternode payout is fixed to 3200 LINDA per block, however, there’s no way to exactly predict when it will be your turn to receive it. As the calculation is on an annual basis, you can expect a few days between rewards, which is standard wait time.
Make sure you’re not restarting your node if you haven’t seen any income, as that will reset your progress and hurt you in the long run. Once you’ve set up your Linda masternode, you will be added at the end of a waiting list with all others. Be patient and wait for your turn. Just make sure that you have a high uptime and a stable connection as to not miss out on any potential rewards.
Linda Masternode Setup
MINIMUM REQUIREMENTS
To set up a Linda masternode, you will need the following:
- 2,000,000 Linda coins which can be bought from CoinExchange or Idax
- The official Linda wallet
- Virtual Private Server (VPS) with a static IP – hot wallet side
- Your own PC that will host the coins as collateral – cold wallet side
- 1 Dual Core CPU and 1GB of RAM
- 20GB of free hard drive space
- linux
- wallet
- dash
How to Set Up a Linda Masternode Step by Step
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To begin the setup process, choose a VPS provider which will supply you with a static IP, Digital Ocean for example
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Install the OS of choice (Ubuntu for example) on your VPS and use PuTTy to open a remote connection
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Once you’re connected to the VPS download the official core wallet. Meanwhile, on your personal PC, you should also download the core wallet and install it.
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Once you’re done installing, it’s time to create your address and send coins to your PC’s wallet. Make sure to send exactly 2,000,000 or it won’t detect you as a masternode. Once that is done, finish up the configuration and make sure you’ve paired your main wallet to the one on the VPS.
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Wait for both wallets to sync and check if your cold and hot wallet setup is working without a hitch. Once you’re sure, you’ll be free to turn off your main PC and leave the work to your VPS.