TERRACOIN Masternode Setup GuideNODEshare's easy step by step instructions
The process of setting up a remote TRC Masternode may seem daunting but you only need to follow a few steps.
Start with the checklist and work your way through the steps.
You will need the following.
- 5,000.1 TRC coins. You only need 5,000 for your masternode, but do need a bit more to make the transactions.
- Latest version of the TRC wallet - check the Terracoin website for the official version
- Either BTC or Gbyte to cover the cost for NODEshare hosting
- A text file or word document to keep a record of all details
- 10 minutes of your time
With that, follow along the steps below and you will be good to go. It is recommended to keep your details in a text file similar to the animations, download a template to keep track of the info.
Onto Step 1. Click on the below to get started.
Goto Settings, Click Options, Click Wallet.
Click Enable Coin Control AND Show Masternodes Tab are active
Open your wallet and enter the console. From here you will have to issue a few commands to initialize the masternode.
You have to enter 2 commands and copy the output from these commands into a text file. The 2 commands are:
- getaccountaddress mn01
- masternode genkey
Copy both the address & key into Text file
(Any Alias will work - mn01, mn1, TRC1 & Steve are equally effective. Numbers are nice if you plan to have more than 1 masternode.)
Now you need to transfer 5000 TRC to this address. This needs to be exactly 5,000, not 5,001 or 100,000. The TRC wallet will add the fee automatically.
As you are transferring these coins to yourself, within your wallet from one address to another, you will only see the Transaction fee in your transaction list.
Next we need to get the transaction details for the 5,000 TRC transaction. This information will be used to link Private Key, Address and Transaction together between the local wallet and the VPS wallet. The command required for this is:
Copy those values into the same text document.
Now you have completed the first part of setting up the Masternode. You can now purchase a NODEshare subscription and then reply to the email with the details from the text file.
We will then set up your node and send through additional details you will need to complete the setup - the Masternode VPS address. That is the last piece required to setup your masternode. Back on the masternode screen, you can add, start and stop your master node. See the image on how that is done.
NODEshare will send through a configuration file for you to put into your TerracoinCore folder. This folder is in your %APPDATA% directory. From your start menu, enter %APPDATA% into your search box. Or follow the mouse clicks in the Gif below...
Here you will need to paste the masternode.conf file that you will receive via email.
Once the configuration file is in place, restart your wallet. Before starting, verify that your transaction has 15 or more confirmations. This is important, else your Masternode will not start.
Also ensure that your wallet is unlocked.
Goto the Masternodes Tab and highlight the Alias that you selected that should have a status of MISSING.
Click “Start MISSING” a the bottom.
A message will appear that the Masternode was started successfully. Happy Dividends!