What Are Masternodes?
A masternode is a server on a network which runs a digital wallet 24/7. To be able to make an ordinary digital wallet into a masternode it has to be specially configured. The masternode is responsible for handling various 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 on. This server has to have the ideal features for running non-stop efficiently, and this product is called a Virtual Private Server (VPS). VPS, or virtual machine, which is a server rented out by a web hosting company.
Why Do You Need a VPS for Masternodes?
Each masternode has different requirements in terms of OS, hardware, RAM, SSD, and other specs, so it is best to verify the setup guide for that particular crypto before buying the VPS.
Best VPS for a Masternode
This cloud hosting provider has an infrastructure that is packed with many developer-friendly features required, but it also enables novice users to install and use their VPS.
DigitalOcean Droplets offer instant deployment. You can deploy a distro or pre-built server, select which droplet size and type you want, and a data center from one of the 8 available regions. It features compatibility for the following systems: Ubuntu, CentOS, Debian, Fedora, CoreOS, and FreeBSD, as well as a slew of apps that can be accessed by 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 is priced at $5/month (or $0.007/hour) which has 1GB of memory, 1 virtual CPU, a 25 GB SSD, and up to 1 TB of data transfer each month. Many masternodes need dual-core processors and a minimum of 2 GB of RAM, so the best option would be the $15 month plan with 4 GB, 2vCPU, 80 GB SSD and 4 TB.
If you want to increase the memory or CPU allocation of your VPS, you can scale to a larger droplet by clicking the button located in the management dashboard.
DigitalOcean’s droplets have been reported to be the easiest to use, most efficient and fairly priced VPS you can use for masternode deployment.
Vultr is a well know VPS provider which has reliable products for which it accepts Bitcoin as payment. It has a similar setup, VPS specs, and pricing plans as DigitalOcean as well as close performances.
The provider features DDoS protection, and automatic backups, proving a stable environment for masternode hosting. In terms of network response times, users have reported that they were very pleased with its performance.
Vultr’s plans start at a low $2.50/month plan which includes 512MB of memory, 1 CPU, a 20GB SSD, and 500 GB of bandwidth. But these specs won’t meet most masternode requirements. The next plan is priced at $5/month with 1024MB of RAM, 1 CPU, 25GB SSD, and 1000GB of bandwidth. The most expensive plan is $320 per month with 64GB of RAM, 16 CPU and 10 TB of bandwidth.
As the most common masternode requirement is over 2 GB RAM and 2 CPU, the $20/month plan is the best option, which features 4GB of RAM, 2 CPU, a 60 GB SSD and 3TB of bandwidth.
Linode offers similar services to other VPS providers, but they have a less attractive interface design. Also, their plans and marketing approach concentrates mostly on offering high memory features, which is not necessarily needed for masternode hosting.
Its lowest plan is priced at $5/month ($0.0075/hour), featuring 1GB RAM, 1 CPU core, 20GB SSD, and 1 TB transfer. The most affordable 2-core CPU option is nearly the same as well, with 4GB RAM, 2 CPU cores, 80 GB SSD Storage, and 4TB Transfer, which costs $20/month ($.03/hr).
Some users have also reported higher latency times in comparison to DigitalOcean and Vultr.
Virmach is a specialized web hosting provider which was established in 2014. They have data centers located in 11 locations, nine of them being in the US and two Europe.
In addition to providing affordable Linux VPS, Windows VPS, shared and dedicated servers, they also have proxy and VPN anonymous online access. In their basic service packs, DDoS protection is also included.
The VPS plan recommended for masternode hosting costs $10 per month, 2GB, 2 CPU, 40GB to 75GB SSD. Their servers are compatible with Windows, Ubuntu, Debian, CentOS, Fedora, openSUSE, Linux Mint or other custom OS.
The Linux VPS plans cost even less, which is a common thin VPS providers do. The plans are $2.25, $4, $7 per month respectively.
Interserver is the oldest provider on our list, being founded in 1999 by high school students that were devoted to creating a hosting service with low prices but without compromising performance and reliability. This VPS is regarded by many users to have some of the best server performance on the market.
The platform’s plans start at $6 per month for Linux servers. There are no plans that have under 1 GB RAM, 25 GB storage and 1 TB monthly bandwidth, this being the lowest-priced server package. As you go higher in plans, all the features are doubled and more $6 are added to the price. For $12 a month you can get a server with all the needed specs for mastenode hosting.
Windows servers start at $10 per month, and the recommended plan is priced at $20 dollars with 4GB ram, 60GB SSD, 4TB bandwidth. All virtual private servers include features such as 1GB port, a static IP address, SSD disks, automatic updates at managed servers 99.9% uptime, instant deployment, and many others.
If you are looking to host a masternode on the network of a cryptocurrency, the VPS providers presented above feature some of the best plans and options required for this type of operation.