If you’re a Masternode owner and want to earn even more passive income from the rewards you generate, you can stake them. I’ve only done this with my Stipend (SPD) coins so far, but the procedure should work for other coins that support staking.
Staking requires much fewer coins than masternodes. With SPD, you need 150-200 coins in your wallet to steak 10 coins every 24-48 hours on average. Every 150-200 coins should be put into its own input address and requires 720 confirmations and 24 hours to mature before you start staking.
Your wallet needs to be open all the time and unlocked “For Staking Only” to receive the award. The developers of the coin recommend that you setup a staking wallet on a separate VPS from your masternode and your cold wallet that holds your collateral.
Need help setting up a Masternode? I offer a service through Cryico or Fiverr to do all the hard work for you.
