Get to know the Pure Masternode

Established in 2017, Pure (PUREX) is an open sourced and decentralized cryptocurrency aiming to offer instant transactions all over the world. Its main idea is to introduce a simple and innovative platform for a single coin user. During the last year, the team presented also an exchange for Pure holders to gain additional profits. Around 30% of the affiliate incomes of Purexchange are split between the masternodes. Additionally, the project proposes the SwiftTX function for masternodes users to ensure direct transactions in a matter of seconds. This article is going to provide you with information about Pure masternode rewards, payouts and a simple setup guide.

How to Make Money from Pure Coin Masternodes

Running a Pure masternode assures you 75% of the block reward for supporting the network. The current block reward is 20 PUREX per block, which means that 15 of it is going straight to the masternodes and the other 5 are for dedicated staking users. There’s a queue of masternodes, where you’re automatically added when you set up your own node. When you gain a reward, you’re going back in the line for your next one. Keep in mind that how often you get rewarded strongly depends on the number of masternodes in the queue.

Pure Masternode Setup

MINIMUM REQUIREMENTS

Here is what you going to need in order to run a Pure coin masternode:

  • Get a collateral of 5000 PUREX from a reputable exchange platform like Coin Exchange
  • Make sure you have enough bandwidth for the large amount of API requests and ensure yourself a single core processor and at least 1GB or free RAM
  • When configuring your VPS, make sure to set a static IP address. If you don’t have a provider, Digital Ocean is a possibility
  • Sign up for the Official Pure Wallet
  • Linux
  • wallet
  • Pure

How to Set Up a PUREX Masternode Step by Step

  • Rent a VPS service by carefully choosing the provider and make sure to change the IP address from dynamic to a static one
  • Connect your home PC to the VPS by using the PuTTy software
  • Set up the Pure official wallet
  • Send the required collateral to your masternode address and unlock it
  • Start the wallet’s controller and go to the masternodes tab in order to click the “Start Alias” button for each Pure masternode you have set up

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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