A: You will need a total of 15000 LYRA. Follow this Guide to set one up.
A: Users can pool their funds to gather up the 15000 LYRA required to operate a masternode. Shared masternodes are trust based and require that you trust the node operator not to take your funds. The Scrypta Team does not support or endorse any masternode operator and advises caution to anyone considering participating in a shared masternode group.
A: Masternode profits vary on the price of the coin, what percent of rewards the nodes get, and how many are online. You can check out these websites for that information:
A: When running your masternode for the first time, there is a wait before you receive your first masternode payment. This wait time is to stop masternode holders from constantly bringing down their masternodes and restoring them to take advantage of staking rewards in the see-saw algorithm.
So the first masternode reward can take up to 24 plus the average Masternode reward time.
The average reward time can be found on on masternode statistic sites such as Masternodes Online for example.
A: No, they cannot directly steal your coins with it. However they can use it to turn your masternode off, effectively cutting off the flow of coins.
A: Masternodes act as trusted peers on the network, allowing for easier network propagation and faster transmission of transaction information as well as enabling features like SwiftTX which allows for transactions to be executed with only 1 confirmation, whereas a normal transaction requires 6.