Easy Masternode Setup with NodeHost
Use NodeHost.Online to automatically deploy and host a trustless, Server-Only masternode for only $6 per month.
As a masternode specialist, I’ve been waiting a long time to say this: we are finally ready for mainstream adoption! Ever since DASH introduced masternodes in 2014, masternode setup has been complicated and technically challenging. When I started in 2016, it required hours of research, setup, and troubleshooting in order to successfully run a masternode mining operation. Now it’s easy, because we have NodeHost.
NodeHost.Online is a web-based, automated masternode deployment service that makes masternode setup easy. In this article, I’ll show you just how easy it is to launch a trustless, Server-Only masternode using NodeHost.Online — and the best part is, your coins never leave your wallet. This article is a guide for launching a masternode. If you want to learn more about NodeHost features and the NodeHost platform, start out by reading this article.
Please note: This guide uses Bitcoin Green as an example. Masternodes are all similar, so the steps will be the same for most other masternode coins.
Step 1: Sign Up for NodeHost.Online
Dr. Crypto Referal Link:
Step 2: Download Wallet
The best way to find a coin’s newest wallet is on the Github Releases page. Visit the Github, and click the Releases tab. For example, here are the Bitcoin Green wallet downloads:
Make sure to download the correct wallet for your OS. Put “yourwallet-qt” on your Desktop for easy access. This file opens your wallet. Right click and click “Run as administrator”. You may have to click “More Info” in a new window in order to run the program.
Step 3: Wallet Safety & Configuration
Before you configure your wallet for masternodes, you should first be sure that your wallet is properly configured, secured, and backed up. I previously wrote an article on this subject. Please follow this guide to safely configure your wallet before attempting a masternode setup.
Step 4: Masternode Collateral Transaction
The first step in configuring a masternode is to send yourself a transaction containing exactly the number of the coins required for collateral. You must send yourself a transaction for exactly the number of coins required for masternode collateral. For example, with Bitcoin Green this means you need to send yourself a transaction of 2500 BITG.
To start, switch to the Receive tab and create a new wallet address. To create a personal name for this masternode, enter “MN1” in the Label field and name the address. You don’t need to enter an amount.
Click “Request Payment” to generate the new wallet address. You will need to send exactly 2500 BITG to this address. Click “Copy Address”.
Now, switch to the Send tab of your wallet. Paste your address in the Pay To field and send a transaction of exactly 2500 BITG. Click “Send” in the bottom left.
Enter your wallet password and confirm the transaction. When this transaction has 20 confirmations on the BITG network, your coins will become eligible to function as masternode collateral.
Step 5: Collateral TXID
Next, you’ll need to find the transaction ID (txid) from the masternode collateral transaction you created in Step 4. Click the “Transactions” tab of your wallet. Double click the most recent transaction (the “Amount” should be 0.00XX). Copy the entire Transaction ID.
Step 6: Launch Masternode
Note: In order to launch a Server-Only masternode, you will need to add BTC to your NodeHost account to pay for hosting fees.
The next step is to launch a Server-Only node on NodeHost. You will need your txid to do this. Login to your NodeHost account, and click on the Launch tab. Locate your desired coin, and click Server-Only. Select a payment plan, and paste your txid.
Click “Launch Masternode” and then “View Instructions” on the next screen to reach the Masternode Control Panel for Step 6. Your masternode is now being installed! On the Masternode Control Panel, you can watch the progress and status of your masternode deployment!
Note: If you get an error on this step, you may need to wait until your transaction has 20 or more confirmations on the network.
Step 7: Masternode Config Line
Finally, you need to add the Masternode Config Line from NodeHost. Wait a few minutes on the Masternode Control Panel, until the Progress Bar reaches 25%. At this time, you will be able to get your config line. Make sure to refresh your browser before copy/pasting the config line! Click the Copy to Clipboard button to copy your Masternode Config Line.
Now, switch back to your coin wallet. Click the “Tools” dropdown and select “Open Masternode Configuration File”. Paste the Masternode Config Line from NodeHost in to the Notepad file. Save the file, and close it.
Now, close and reopen your wallet. The new masternode will appear in the “Masternodes” tab. Click Start alias to start the node. Note: the masternode will only start when NodeHost reaches 90% installation progress!
Click “Start alias” and your masternode will activate! Wait a few minutes, and the progress bar will change to 100% on the Masternode Control Panel.
Now, sit back and enjoy the awesome masternode rewards! NodeHost will handle all masternode updates, but updates will still require you to update your wallet and re-activate the node. Check your NodeHost account and coin channels frequently.