Bitcloud Masternode For Dummies, Be a Crypto Pro!

in #masternode3 years ago (edited)

If you've missed out on a DASH masternode, don't fret. #Bitcloud has been climbing and is still within the affordable range of $4k - $6k USD per Masternode (vs $300-$400k for #Dash).

So let's get cracking, and get that physical wallet cracked open as you'll be spending some cash. Currently Bitcloud #Masternode owners are earning around 180 BTDX per day. That's up to $108 per day, or over $3k per month! If you're a genius, you can use the earned coins to roll into a second, third or fourth masternode in a few months time, increasing your earnings exponentially!

Head to Coin Exchange and signup for an account (Nova Exchange should be coming soon as well, so check there as well). (Remember to right-click on these links and open them in new tabs).

UPDATE: Coin Exchange Wallet is under maintenance. Cryptopia and Trade Satoshi will be listing the coin soon.

In order to buy 10010 BTDX (get more to cover Exchange,network fees, and snafu) you will need to get the trading pair first. For coinexchange.io this would just be good ole $BTC aka Bitcoin. Calculate how much you'll need, and get some BTDX.

With your BTDX sitting in the exchange, download and install the Bitcloud wallet on your PC from the lastest release on github.

Install it, run it, and let it sync. While it's syncing, let's get a VPS.

I'm using Alibaba Cloud. It's cheap ($4.50/mo), there's a promo, and it meets all the current needs for a #Bitcloud node.

Click on SSD Cloud servers:

Choose your region where the offer is applicable (US, Germany, etc.)

Make sure you choose Debian:

Confirm everything looks ok, and order:

Now, you'll need to either create a password or user a public/private key. Keys are the best, but beyond the scope of this doc.
Click on Elastic Compute Server, then click on Instances.

Now change password to a really secure password. You don't want someone stealing your coins! Click on Reset Password

Before we leave the console, let's setup one last thing. Access to the Bitcloud port! Go ahead and click on Security Groups

You will see a single line in there. Click on Configure Rules and add port 8329 like so:

We're done with the Alibaba Console! Let's proceed to the coin itself...

Go ahead and grab Putty and install it. Configure it with your Public IP that's shown in the instances console, choose ssh (port 22 default), and click save.

Try connecting to your server!

Once you're in as the root user, prepare your instance to rock. Run:

apt-get install software-properties-common
add-apt-repository ppa:bitcoin/bitcoin
apt-get update
apt-get install libboost-all-dev libminiupnpc-dev libdb4.8-dev libdb4.8++-dev

Add a user, let's call it 'btdx' (# adduser btdx)
Set a hard password for user 'btdx': # passwd btdx

Install monit to monitor your masternode! # apt-get update && apt-get install monit

Follow the rest of these steps as the current 'root' user:

mkdir /opt/coins

Download my pre-compiled Bitcloud Linux Binary ( Backup link on MediaFire ), cd into /opt/coins and run
tar xjvpf Bitcloud-9-30-2017.tar.bz2
then do
chown -Rf btdx.btdx /opt/coins/

Create the following file /etc/ld.so.conf.d/coins.conf with the following contents:

/opt/coins/Bitcloud/lib

Run # ldconfig

Then,

cd /etc/monit/conf.d/

Put the following info into bitcloud.conf in this directory. Remember, this is NOT your bitcloud.conf file for Bitcloud. This is for monit to control the Bitcloud process:

check process bitcloudd with pidfile /opt/coins/Bitcloud/run/bitcloudd.pid
   start program = "/opt/coins/Bitcloud/control/start-bitcloudd.sh"
        as uid btdx and gid btdx
   stop program = "/opt/coins/Bitcloud/control/stop-bitcloudd.sh"
        as uid btdx and gid btdx
   if failed host 127.0.0.1 port 8329 for 10 cycles then restart
   if 5 restarts within 50 cycles then timeout
group Bitcloud

Let's create the initial bitcloud.conf file!

mkdir ~btdx/.bitcloud
cd ~btdx/.bitcloud

Create your bitcloud.conf file here and replace everything between <>. Leave the commented out stuff till later:

rpcuser=<user>
rpcpassword=<some pass>
discover=1
externalip=<your external ip>
rpcallowip=127.0.0.1
daemon=1
server=1
listen=1
maxconnections=100
# masternode=1
# masternodeprivkey=safdasdfasdfsadfsadfsadfsafd
# masternodeaddr=<your external ip address>:8329
logtimestamps=1
addnode=199.233.246.209:8329

chown -Rf btdx.btdx .
chown -Rf btdx.btdx bitcloud.conf

Before we proceed, it's important to make sure sudo is installed: # apt-get install sudo

then do: # usermod -G sudo btdx

This will allow you to execute stuff as root using the btdx account.

Now, start another putty session, and login as user btdx using the password you just set up. Don't log out of your current putty session; it's there in case anything goes wrong.

Once you login as user btdx run: $ sudo monit status

You should see a message saying "Process 'bitcloudd'" is not running.

Let's give it a go, do: $ sudo monit start bitcloudd
Wait a minute and do $ sudo monit status again. You should see a lot more info!

If you want to see what's happening, you can tail -F ~/.bitcloud/debug.log to see data streaming in. Ctrl-C out of that.

Let's Start Masternoding

We'll be interacting directly with the wallet. This setup is not a remote masternode. You will be keeping the coins/wallet on this server, so make sure all the passwords are saved, AND you have a backup of the masternode wallet. For a remote Masternode there are other guides out there.

$

cd /opt/coins/Bitcloud/bin
./bitcloud-cli getinfo

Everything looks peachy? Great! Open notepad or Evernote. Something to keep track of your Masternode details.

./bitcloud-cli getaccountaddress "0"

Copy that address down. That's the address you will be sending your 10k+ of coins to. Remember, you have had to purchase over 10k in coins to cover the Exchange fees and network fees. Do NOT send any coins yet..

./bitcloud-cli genkey

Copy this down, this is your Masternode Private key. You can use this key to run the Masternode remotely by having coins in external wallets.

./bitcloud-cli backupwallet "/home/btdx/masternode-wallet.dat"

You've backed up your wallet. You may want to grab it first just in case. gzip -9 ~/masternode-wallet.dat

Then, on your home machine, open a command console cmd and type:
pscp [email protected]<your VPS external ip>:masternode-wallet.dat.gz .

Enter your password, and save that file!

Now cd back into /opt/coins/Bitcloud/bin, we've got more work to do!

Send, in a single transaction, 10k coins exactly to the address you saved. Make sure you send it as a zero fee transaction:

Wait for 15 confirmations. Here's how you check:

./bitcloud-cli  listtransactions "0"

If you don't see anything at all, you're most likely not fully synced yet. It can take a while, so don't worry, your coins aren't lost.

While you're waiting, and there's more than 1 confirmation, do:

./bitcloud-cli masternode outputs

Save the data. The long number is the transaction id, the single digit is the index. We won't need it right now, but it's good to save for later if you want to remotely stake your masternode coins.

Edit ~/.bitcloud/bitcloud.conf and replace all commented out sections with valid data. This will be primarily the masternode private key.

Once you're synced (you can verify with getinfo and looking at to make sure the number of blocks are the same), do:

sudo monit restart bitcloudd

Give it a minute or two, then do:

./bitcloud-cli masternode debug

Masternode successfully started

Profit!

Tips (BTDX): B4mt8PWCWfbw2rVhboTfUo7EKpNb2MGW75

Sort:  

Does the BTDX MasterNode run on Windows platform or is it specific to linux?

I'm anxious to try this, I won't have enough BTC to buy 10k BTDX until this friday (at current price)
I'm really hoping the price doesn't jump too high before then!

I have a question; once you have the masternode running do you have to leave your PC on 24/7?
Also if I was to ever reinvest and get a 2nd masternode, do I have to do these steps all over again?

REALLY appreciate this post!

Yes, and yes. That's why these instructions are for a VPS. VPS's have static ips. Not only do you need to have your PC running 24/7 but if your ip changes, you will most likely have to regenerate your private key and change your externalip=. If you're going to spend the money on 10k BTDX, spend the $4.50 on a VPS.

hey man one more question, you said to run Debian on your VPS, will it still work if I run Ubuntu 16.04, or is it somehow incompatible?

It should work with Ubuntu as well.

Hello, great Guide! Can we stake this coin from the wallet on windows? Like it's done with coins like PIVX or Bitconnect.. I've never used Linux but would love to learn!

Yes! Staking gets around 59 BTDX. Not sure what about you need to stake. I've staken around 3k BTDX and received 59 every few days...

staking alone in the windows wallet gives double ur coins in a few days?

No, got distracted there. You get 59BTDX from staking, as I mentioned earlier.

No, got distracted there. You get 59BTDX from staking, as I mentioned earlier.

That's pretty awesome minting reward! My wallet still says 'staking not active' and I've had a few thousand coins in there for some days now.. how do I activate staking? I know with PIVX I just unlocked the wallet. Thanks again!

You unlock it for staking. Click on 'unlock wallet', and there's a button there for staking. Make sure that's checked. You can verify by hovering your mouse over the little lock icon on the bottom right of the wallet.

Would really like to hire you to do a little one on one support for this. I've got a Masternode but good gravy setting it up is chinese to. Would you be interested please?

Some updates to this doc, as it's impossible to edit it:

  1. Bitcoin PPA is no longer supported on Debian (see #5 below)

  2. Be sure to edit the control/start-* and stop-* files and change the user paths from coins to btdx.

  3. Add the following into: /etc/monit/conf.d/status.conf
    set httpd port 2812 and
    use address localhost # only accept connection from localhost
    allow localhost # allow localhost to connect to the server and
    allow admin:monit # require user 'admin' with password 'monit'

  4. To download the files, use lynx: apt-get install lynx

  5. Replace /etc/apt/sources.list.d/bitcoin-bitcoin-jessie.list with:
    deb http://ppa.launchpad.net/bitcoin/bitcoin/ubuntu wily main
    deb http://archive.debian.org/debian/ squeeze main contrib non-free
    deb http://sg.mirrors.cloud.aliyuncs.com/debian oldstable main contrib non-free

  6. do:
    apt-get install libboost1.55-all-dev libboost1.55-tools-dev libminiupnpc-dev libdb4.8-dev libdb4.8++-dev
    instead of the install in the doc.

Hey brother, Im trying to configure the masternode following this guide. I cannot get anything to install right after I log in as root user, the ppa;bitcoin doesnt work anymore u meantion above, but I just dont know what to install next or how. Thanks for ur help!

Join our Telegram group: https://t.me/bitcloud_btdx

I'll help you out on there.

Hi,
I could configure 2 masternodes but the 3rd one starts but doens work, time dont go by , stays in 0, what can i do?

Hi,
I could configure 2 masternodes but the 3rd one starts but doens work, time dont go by , stays in 0, what can i do?

Join our Telegram group for more support. I don't check these threads as often as I should.
https://t.me/bitcloud_btdx

Great guide!
I find similar masternodes coin https://www.virtuspay.co