Setup - Masternode VPS Tutorial (Linux)

Owned by RPICoin
Last updated: Nov 13, 2019 by Wesley
5 min read

How to setup a masternode on a (LINUX) VPS to earn rewards for supporting the RPICoin network,

Note: If you don’t have the required collateral of 10M $RPI then you still have the ability to stake regular within your wallet. The rewards will however be less frequent compared to Masternode holders and yield less $RPI

TODO:

Create auto deploy scripts for popular VPS Providers to instantly deploy and install the wallets
Create a customized script to install the RPICoin wallet & Masternode on your local Linux distro
Finalizing / Restructuring this article
Write a guide for hosting an RPICoin masternode on Linux (Ubuntu 16.04 or 18.04).

Requirements

You need to meet the following requirements in order to setup a RPI Masternode

  • Make sure you have exactly 10.000.000 (10Million) RPI available as collateral

  • A main computer (Your personal laptop, computer, raspberry Pi etc…) to act as the “main control wallet”

  • Masternode Server (The computer that needs to be online 24/7) (Preferably: Linux distro).

  • Every Masternode needs to have a different IP address for EACH masternode
    (this mandatory to keep the network as decentralized as possible).

  • Make sure both wallets on Windows & Linux are fully synced, you can verify the latest blockheight at our explorer

The Operating System we use in this Tutorial

  1. We will use Windows 10 as the main (control) wallet which holds all the RPI coins.

  2. The Masternode will run on a Ubuntu Server 16.04 LTS or 18.04LTS for the VPS

Instructions

The main (windows) wallet will hold all RPICoins used to run the maternode, this way your funds are always in your control. If a hacker would hack your VPS (which is the masternode) they can’t do anything with the information available, the coins are stored on your peronsal computer and not on the VPS.

For this guide, We’re going to refer to your main computer’s wallet as the main wallet and the VPS’s wallet as the masternode wallet

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1. Using the main wallet (windows), open the debug console and type the following command

createmasternodekey

This will be the masternode’s private key. Make sure you save this as we will use this later. (save the privkey)


2. Once again using your control wallet, save the address that will be generated by using the following command:

getaccountaddress <Choose any name for your masternode>

Creates a wallet for your masternode you can name it MYNODE1 or whatever you want. (save the wallet address / name)

3. Again in the control wallet, send (EXACT) 10,000,000 RPI to the address that was generated in the previous step.

getmasternodeoutputs

This command outputs the Transaction ID of the .
Note: Make sure you send the collateral amount to the address previously generated in step 1
Note: Make sure you send EXACTLY 10000000 RPI in one transaction to that address (not more nor less).

4. On your computer (which is the control wallet) open up the following data directory:

 

Setting up the VPS Wallet

Install the latest version of the RPICoin wallet available from our GITHUB or Website

 

Support:
Our great community on Telegram is always willing to help each other out, If you have any problems with setting up your masternode you can join us on Telegram and we’ll help you out! .

Join our Telegram right here