Get to Кnow the MUE Мasternode

Launched in July 2014 by the MUE foundation consisted of a strongly dedicated team driven by the idea to create a progressive ecosystem available for everyone disregarding their technical skills and knowledge. MonetaryUnit is a self-sustaining and decentralized blockchain offering advanced technological infrastructure of two layers – mining and masternode. Mining ensures the validation scan while in the meantime MUE masternodes are double confirming the legitimacy of each miner activities.

How to Make Money from MUE Masternodes

The MonetaryUnit masternodes are of great importance because they perform actions to support and maintain the MUE network. In exchange for their services, the masternodes receive a payout equal to 45% or 18 MUE of each new block. The total block reward is 40 MUE, the other 45% are dedicated to the stakers who solved the block and 10% are left for project development purposes. The rewarding frequency is related to the block creating time which is around 40 seconds.

MUE Masternode Setup

MINIMUM REQUIREMENTS

Here are the minimum requirements you need to cover in order to be able to set up a MUE masternode:

  • VPS with minimum 2GB RAM and 25GB hard drive space and a static IP adress, obtainable from Upbit
  • You’ll need to Digital Ocean
  • Next up, supply it with 500,000 MUE, which can be bought from Bittrex and Upbit
  • linux
  • wallet
  • monetaryunit

How to Set Up a MonetaryUnit Masternode Step by Step

  • Choose VPS provider and plan. Either renting VPS or consisting one on your own, the minimum requirement to run a MonetaryUnit masternode are: 2GB RAM and 20GB HDD space
  • Set up OS on your VPS. To build the connection to your VPS you will need SSH software, a good fit for Windows is PuTTy
  • Install the official wallet. Install it on your main machine and on the VPS and wait for them to synchronize
  • Send 500,000 MUE to your wallet’s address. Please pay attention! You need to send exactly 500,000 MUE not more, not less. After the amount appears in your wallet, configure masternode.conf file
  • Start the MUE masternode. Run it on your main machine and double check the VPS connection

Sean Boyle

HARDWARE ENGINEER

For in excess of six years I have been actively using diverse methods to mine various crypto coins. In search of optimal profitability with limited resources I have engaged in using various masternodes to earn rewards in a passive manner..

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