One masternode A masternode is a server on a network that operates a digital wallet 24/7. To turn a regular digital wallet into a masternode, it must be specially configured. The masternode is responsible for handling several important tasks for the blockchain, such as processing transactions, mixing coins, and establishing voting rights.
What is a VPS?
Masternodes require an external server on which they can be hosted. This server must have the ideal characteristics to function efficiently without stopping, and this product is called a Virtual Private Server (VPS). A VPS, or virtual machine, is a server rented by a VPS hosting company .
Why do you need a VPS for Masternodes?
Each masternode has different requirements in terms of operating system, hardware, RAM, SSD, and other specifications, so it is best to check the setup guide for that specific cryptocurrency before purchasing the VPS.
Best VPS for a Masternode
– DigitalOcean
This cloud hosting provider has an infrastructure that is packed with many features needed by the developer but also allows novice users to install and use their VPS.
DigitalOcean Droplets It offers instant deployment. You can deploy a pre-built distribution or server, select the size and type of droplet you want, and a data center from one of the 8 available regions. It has compatibility for the following systems: Ubuntu, CentOS, Debian, Fedora, CoreOS, and FreeBSD, as well as a number of applications that can be accessed with just one click, such as Discourse, Django, Docker, Dokku, Ghost, GitLab, LAMP, LEMP, Machine Learning, MEAN, MongoDB, MySQL, Node.js, phpMyAdmin, Ruby on Rails, and WordPress.
DigitalOcean’s first plan costs $5/month (or $0.007/hour) with 1GB of memory, 1 virtual CPU, 25GB SSD, and up to 1TB of data transfer per month. Many masternodes require dual-core processors and a minimum of 2GB of RAM, so the best option would be the $15/month plan with 4GB, 2vCPU, 80GB SSD, and 4TB.
Se quiser aumentar a memória ou a alocação de CPU de seu VPS, você pode escalar para uma gota melhor clicando no botão localizado no painel de gerenciamento.
DigitalOcean droplets have been reported to be the easiest to use, most efficient, and most reasonably priced VPS you can use for masternode deployment.
Get started with Digital Ocean → create your account
– Vultr
Vultr is a well-known VPS provider that has reliable products, for which it accepts Bitcoin as a payment method. It has a similar setup, VPS specifications, and pricing plans as DigitalOcean, as well as close performances.
The provider offers DDoS protection and automatic backups, proving a stable environment for masternode hosting. In terms of network response times, users have reported being very satisfied with its performance.
Vultr’s plans start with a low-end plan of $2.50/month that includes 512MB of RAM, 1 CPU, 20GB SSD, and 500GB of bandwidth. But these specs won’t meet most masternode requirements. The next plan up costs $5/month with 1024MB of RAM, 1 CPU, 25GB SSD, and 1000GB of bandwidth. The most expensive plan is $320/month with 64GB of RAM, 16 CPUs, and 10TB of bandwidth.
Since the most common masternode requirements are more than 2GB RAM and 2 CPUs, the $20/month plan is the best option, which offers 4GB RAM, 2 CPUs, a 60GB SSD, and 3TB of bandwidth.
Conclusion
If you want to host a masternode on a cryptocurrency network, the VPS providers listed above offer some of the best plans and options needed for this type of operation.