Masternode Setup Guide

Stakenet Team
Apr 11, 2018 · 3 min read

start-many Setup Guide

Setting up your Controll Wallet

Create New Wallet Addresses

  1. Open the QT Wallet.
  2. Click the Receive tab.
  3. Fill in the form to request a payment.
  • Label: mn01
  • Amount: 15000 (optional)
  • Click Request payment button
  1. Click the Copy Address button

Create a new wallet address for each Masternode.

Send 15000 XSN to New Addresses

Send exactly 15000 XSN to each new address created above.

Create New Masternode Private Keys

Open your QT Wallet and go to console (from the menu select Tools => Debug Console)

Issue the following:

masternode genkey

Note: A masternode private key will need to be created for each Masternode you run. You should not use the same masternode private key for multiple Masternodes.

Create masternode.conf file

Remember… this is local. Make sure your QT is not running.

Create the masternode.conf file in the same directory as your wallet.dat.

Copy the masternode private key and correspondig collateral output transaction that holds the 15000 XSN.

Note: The masternode private key is not the same as a wallet private key. Never put your wallet private key in the masternode.conf file. That is almost equivalent to putting your 15000 XSN on the remote server and defeats the purpose of a hot/cold setup.

Get the collateral output

Open your QT Wallet and go to console (from the menu select Tools => Debug Console)

Issue the following:

masternode outputs

Make note of the hash (which is your collateral_output) and index.

Enter your Masternode details into your masternode.conf file

From the xsn github repo

masternode.conf format is a space seperated text file. Each line consisting of an alias, IP address followed by port, masternode private key, collateral output transaction id and collateral output index.


Close your Qt wallet.

Update xsn.conf on server

If you generated a new masternode private key, you will need to update the remote xsn.conf files.

Shut down the daemon and then edit the file.

File is located under same path as masternode.conf and wallet.dat.

Fill rpcuser and rpcpassword with random values, this will grant better security.

Edit the masternodeprivkey

If you generated a new masternode private key, you will need to update the masternodeprivkey value in your remote xsn.conf file.

Sample of editited file:

XXX.XXX.XXX.XXX — needs to be replaced with static ip address of masternode.

Start your Masternodes


If your remote server is not running, start your remote daemon as you normally would.

You can confirm that remote server is on the correct block by issuing

xsn-cli getinfo

and comparing with the official explorer at


Finally… time to start from local.

From the menu select Tools => Debug Console

If you want to review your masternode.conf setting before starting Masternodes, issue the following in the Debug Console:

masternode list-conf

Give it the eye-ball test. If satisfied, you can start your Masternodes.

  1. masternode start-alias [alias_from_masternode.conf]
    Example masternode start-alias mn01 OR
  2. masternode start-many OR
  3. Use separate UI page to start/stop masternodes. (If you don’t see, go to Options to enable it).

Verify that Masternodes actually started


Issue command masternode status It should return you something like that:

Command output should have “Masternode successfully started” in its status field now. If it says "not capable" instead, you should check your config again.


Hint: Bookmark it, you definitely will be using this site a lot.

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