ColdWallet Masternode Steps

ColdWallet Masternode Steps

This guide assumes you already have a VPS running Ubuntu 16.04, have already logged in with PuTTY and have performed basic security measures. If you have not yet done this, please refer to http://www.explorerz.top/resources.html

NOTES: You MUST have 1 static external IP address per masternode. You do not need to compile the coin for this setup.
This guide also assumes you have a fully synced local wallet.

 

Before we start, to make things easy, open notepad and layout the page like this:

MNID:
MNIPaddress:
Colatteraloutput:
MNPK:

If you are setting up multiple MN’s, repeat per MN.

 

Now let’s get on with it!

1. On your local machine, Open your wallet and go to:
Settings -> Configuration -> Wallet -> check: Show Masternode Tab
Also, check Activate Coincontrol Features.
Now close the wallet, wait 5 seconds and reopen it.

 

2. We will do the initial collateral TX and send exactly 1000 VIVO to one of our addresses. To keep things sorted in case we setup more masternodes we will label the addresses we use.

– Open your VIVO wallet and switch to the “Receive” tab.
– Click into the label field and create a label, We will use MN1 for the first address
– Now click on “Request payment”
– The generated address will now be labeled as MN1
– On your notepad add MN1 to the MNID: so it reads MNID: MN1

If you want to setup more masternodes just repeat the steps above so you end up with several addresses for the total number of nodes you wish to setup. Example: For 10 nodes you will need 10 addresses, label them all.

 

3. Send the collateral.
Once all addresses are created, send 1000 VIVO each to them. Ensure that you send exactly 1000 VIVO and do it in a single transaction. You can double check where the coins are coming from by checking it via coin control but usually that’s not an issue at this stage. Make sure you do NOT have the “subtract fee from amount” checkbox ticked, exactly 1000 VIVO must arrive at your new MN address.

 

4. As soon as all 1k transactions are done, we must wait for 15 confirmations on each transaction. You can check this in your wallet or use the explorer. It should take around 30 minutes.

 

5. Now all transactions have 15 confirmations, open the debug console in your wallet by clicking -> tools -> debug console and type:

masternode outputs

You should see something like:

{
“c89f1d48efe79df79698sdf98sdf98ds63cd6edeabcd2d5e1d7e97bbb70d”: “1”,
}

If you did more than one transaction it will list all eligible outputs.

 

6. Copy everything between {} and paste it into notepad. Get rid of ” : and , so your line/s looks like this:

c89f1d48efe79df79698sdf98sdf98ds63cd6edeabcd2d5e1d7e97bbb70d 1

Lets copy this and add it to the “Collateraloutput” line in our notepad, we’ll need this later.