Here’s why Crypto Veterans Prefer Masternodes With 18% APY Over Crypto Mining

Crypto and blockchain space has grown exponentially in the last decade. The evolution has also brought numerous opportunities for investments and generate passive income. Bitcoin mining was among the first such offerings where miners even received 50 BTC in mining rewards. However, the lucrative rewards ended up crowding the space resulting in a decrease in profitability. In contrast, other methods such as running masternodes are popular since they require less technical knowledge and offer returns of up to 18% annual percentage yield (APY). 

Mining cryptocurrency has become tedious, energy and capital-intensive, and in return the outcome is peanuts. Global Bitcoin network difficulty is over 73 terahash, around the highest point since the inception of the blockchain. The difficulty in layman’s terms is making it more difficult to mine $BTC making computational solving more stringent. 

With the number of nodes joining the Bitcoin network for mining, the difficulty adjusts and increases to maintain the average block time of 10 minutes. It secures the network and decentralization but the mining process becomes expensive since more computational resources and energy is spent. Bitcoin developer Luke Dash Jr estimated there were over 83,000 active nodes on the Bitcoin network till 2021.

The chart above shows the current Bitcoin mining profitability that stays at $0.816/day for 1 terahash/second. Terahash is a trillion of hashrate—computational power—required to mine Bitcoin. In 2023, the cost of generating 1THash was around $20. Clearly, for every $20 invested in Bitcoin mining, it generates profits of $0.8. 

In comparison to the energy consumption and other expenses, the profitability seems meager. Hence it becomes unaffordable for miners and retail investors to generate even a decent amount of income through mining. 

Cryptocurrency mining, once profitable, faced declining returns due to intense competition. Many sought alternative avenues for passive income, but finding simpler options proved challenging. Running masternodes on Morpheus.Network emerges as a viable alternative, offering ease and potential profits of up to 18%, making it an attractive choice for generating passive income.

The returns in cryptocurrency mining are visibly decreasing and the miners would be looking for options to diversify their investments. Since Morpheus.Network provides an APR of 18%, it makes a far better option against mining. In addition, the constant volatility lingers over cryptocurrencies that affect the earnings of crypto miners. Running nodes is a relatively cheaper option to consider against mining that generates stable returns. 

Morpheus.Network ($MNW) project aims to resolve the issues in supply chain and logistics that exist in global trade. Masternodes are among several other important factors of the project. These masternodes are generally meant to eliminate the extra burden from the nodes that carry the transactions. It primarily helps in smooth transactions. Besides, it turns out that it can also offer an impressive opportunity to generate passive income better than crypto mining. 

Morpheus.Network emerges as a standout in the blockchain-based supply chain solutions arena, boasting distinctive features that set it apart. Its strategic collaborations with tech giants Google and Microsoft underscore its endorsement by major players in the industry. The extensive clientele, including Gulftainer, Coca-Cola, and FCL, attests to Morpheus.Network’s widespread adoption and trusted partnerships within the supply chain sector. 

What truly differentiates the project is its longstanding leadership in driving blockchain adoption, solving real-world problems in the supply chain domain. Led by a UN supply chain expert, the proficient team ensures excellence in their offerings, with Morpheus.Network’s supply chain product is listed on SAP, enhancing its credibility. 

Moreover, an appealing 18% Annual Percentage Yield (APY) on nodes serves as a compelling incentive for investors to engage in the Morpheus.Network ecosystem.

Many other projects are involved in making changes through blockchain-based solutions. 

Flux network’s native token $FLUX is utilized for purchasing resources, collateralizing nodes, and powering transactions on FluxOS. Furthermore, it acts as a reward for miners and FluxNode operators contributing computational resources. Flux network node operators can earn up to 7.5% APY. Dash ($DASH) protocol also runs masternodes but the rewards here are just 7%. 

While crypto mining boasts the potential for substantial rewards, its high entry barrier and operational demands may deter some investors. Masternodes, with a lower entry barrier and reduced day-to-day involvement, provide an attractive option for those seeking a simpler and potentially steadier passive income stream. One needs staking 1,800 $MNW tokens to run a masternode and start generating the promised 18% APY. 

Investors face a balancing act when choosing between mining and masternodes, considering factors such as technical expertise, financial resources, and risk tolerance. The cryptocurrency landscape offers diverse opportunities, allowing individuals to tailor their approach and achieve their unique financial goals.

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Serena James

Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.