How to use Minnodes Platform to setup your own Masternode

Minnodes
Minnodes
Apr 5, 2019 · 3 min read

Setting up a masternode may require a lot of time, especially for those that are not technologically savvy but things will be easier if you use Minnodes masternode hosting service.

Step 1: SignIn

  • Go to Minnodes platform and sign-in with discord or MinID (if you do not have a MINID account, please sign-up first).
  • Click Hosted MN you will see all coins listed on Minnodes platform available for hosting.

Step 2: Deposit MINC

  • We charge a fee of 2 $ per month and pay by MINC (about 2 MINC by the time when this article was written) so you need deposit MINC first (you can buy MINC from exchanges or DM admin on discord).
  • Click Wallets in the left menu and choose Minnodes (MINC).
  • Click Generate wallet address to display your unique wallet address.
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  • Press Copy Address to save it to your computer or use “QR Code” to get the address’s QR code which can be scanned and saved to your smartphone.
  • Open the your Minnodes desktop wallet and send 2 MINC (or more if you want to setup more Masternodes)to the provided address.
  • Once you get about 15 confirmations for your deposit transaction, Minnodes will update your account balance.

Step 3: Get masternode transaction ID

  • On your Desktop wallet, click Receive tab -> Request payment and Copy address.
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  • Switch to Send tab and send the exactly the collateral amount to the address you have just created.
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  • Switch to Transactions tab, have one transaction say Pay to yourself, right click to it and choose Copy transaction ID.
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Step 4: Setup Masternode on Minnodes platform

  • Back to Minnodes platform and to to Hosted MN.
  • Choose the coin you want to setup Masternode.
  • Click Continue and choose a plan,there are 3 plan for you to choose depending on the time you want to install Masternode and Continue.
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  • Enter your Masternode name (whatever you want ) and Masternode Transaction ID you have on step 3 and wait the transaction reaches 15 confirmations. Click Continue.
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  • When the installation is complete (only about 2–5 seconds) you will receive the masternode configuration information,please copy it and back to your desktop wallet choose Tools -> Open Masternode Configuration File -> paste configuration to the last line.
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  • Close your wallet and re-open, wait for full sync.
  • Go to Masternode tab and click Start-MISSING, you will see success message. Now can close your desktop wallet and don’t worry about your Masternode because it has been installed on our dedicated server.

Note: We use a cold wallet setup so your coins never have to leave your wallet. At no point will we have access to your coins.

Video tutorial

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