POSQ:Masternode Tutorial

QT Wallet (Windows/Linux/OS X)

Requirements:

• Windows: Windows 7, Server 2013 or higher.
• OSX: MacOS 10.9 or higher.
• Linux: Ubuntu 14.04 or 16.04.
• Static IP Address.
• Port 5510 forwarded/open.
• Preferably running on VPS.

Wallet Install:

• Download the POSQ Wallet:
  • Windows Wallet
  • Linux Wallet
  • OS X Wallet
  • ARM Wallet
    
• Prepare for installation.
  • Extract POSQ -QT to preferred location.
  • Run POSQ -QT & install to preferred location.

          

• Close QT wallet and head to installation directory.
  • Windows:Default directory is AppData\Roaming\POSQ
  • Linux:Default directory is  ~/.posq/ 
  • OS X:Default directory is ~/Library/Application Support/POSQ
    
• Edit posq.conf

           

• Restart QT wallet.
  • Check that you're connecting to multiple peers. Tools >Debug >>Peers
• Allow wallet to sync until you see the following symbol. 

           

• Encrypt your wallet for safety.
  • To encrypt the wallet, go to Settings > Encrypt wallet. Enter the passphrase, click ok. You will then have to restart the wallet and then go to Settings > Unlock Wallet and then enter the passphrase to unlock the wallet, for staking, controlling the masternode or sending POSQ.
  • Choose a LONG/STRONG password. Write it down or save it somewhere OFFLINE. 

           

• Backup your wallet for safety.
  • Save to multiple locations. Encrypted USB drives are ideal. 

Masternode Setup

• Unlock Wallet.
  • Settings > Unlock Wallet
• Open Console.
  • Tools>Debug>Console.

• Create receiving collateral address.
  • Run getnewaddress MN01.
  • A new receiving address will show. Copy address.
• Send the required 5,000 POSQ to run masternode to newly created address.
  • sendtoaddress copied-address 5000.
• Run the command masternode genkey.
  • Copy address, we will use it later.
• Run the command masternode outputs.
  • Copy complete output, we will use it later.

• Edit masternode.conf file.
  • Go to Tools -> Open Masternode Configuration File and add a line in the newly opened masternode.conf file with a text editor.

 Open/edit masternode.conf file.

• Following the format in this file, input all of your information. 
• Format:MN01 your_vps_ip_address:5510 your_masternode_key_output_from-masternode_genkey txhash_from-masternode_outputs Outputidx_from-masternode_outputs.
• 173.239.218.20 Is your IP. Unsure? run ifconfig
• 88PgPt1sa612ogcJ8kUTokJnpifEoGqYS8U5F4K3eJXHkMhvExe is your masternode key from masternode genkey. 
• da2574ebd5d29be6efd2e245b970d11e76f80bed7c28e39565041c84b40fe80b is your txhash from masternode outputs.
• Example:MN01 173.239.218.20:5510 88PgPt1sa612ogcJ8kUTokJnpifEoGqYS8U5F4K3eJXHkMhvExe da2574ebd5d29be6efd2e245b970d11e76f80bed7c28e39565041c84b40fe80b 1
• 1 is your outputidx from masternode outputs.

• Open the posq.conf wallet configuration file and add the following:
  maxconnections=250
masternode=1
externalip=<ip_address_here>:5510
masternodeaddr=<ip_address_here>:5510
masternodeprivkey=<wallet_genkey_value_here>
  
• Example:           
• Restart QT Wallet.
  • Head to Mastenodes tab.
  • Your Masternode instance should be visible.
  • Current status will be MISSING.

• Enable the Masternode.
  • Open Tools > Debug console.
• Enter the command masternode list-conf.
  •  You should now see the newly added MasterNode with a status of MISSING. 
• Enter the command startmasternode alias false MN01.

• Verify that the MasterNode is enabled and contributing to the network.
  • Enter the command masternode list-conf.
• You should see the status of ENABLED.

• Check for your new Masternode on mn.zone.
  

Masternode setup is complete! 

CLI Daemon Install

• Download the latest POSQ Linux wallet.
  • Linux Wallet
  • wget https://posq.space/POSQ_Linux.zip --no-check-certificate
    
• Install the required libraries.
  apt-get update
apt-get upgrade -y
apt-get install wget nano unrar unzip libboost-all-dev libevent-dev software-properties-common -y
add-apt-repository ppa:bitcoin/bitcoin -y
apt-get update
apt-get install libdb4.8-dev libdb4.8++-dev -y
apt-get install libzmq3-dev libminiupnpc-dev -y
  
• Configure swap to avoid running out of memory:
  fallocate -l 1500M /mnt/1500MB.swap
dd if=/dev/zero of=/mnt/1500MB.swap bs=1024 count=1572864
mkswap /mnt/1500MB.swap
swapon /mnt/1500MB.swap
chmod 600 /mnt/1500MB.swap
echo '/mnt/1500MB.swap  none  swap  sw 0  0' >> /etc/fstab
  
• Open Port for Masternode communication:
  ufw allow 22/tcp
ufw limit 22/tcp
ufw allow 5510/tcp
ufw logging on
ufw --force enable
  
• Unzip POSQ wallet and set up initial conf file:
  unzip POSQ_Linux.zip
cd POSQ_Linux
./posqd
  • You will receive an error "To use posqd, or the -server option to posq-qt, you must set an rpcpassword in the configuration file" This is correct as we need to configure that file for proper operation.
    
• Edit posq.conf file:
  • Example w/peers can be found here. Use "masternode" setup for MN.
  •  Default directory is  ~/.posq/ 
  • Open/create posq.conf file with nano /root/.posq/posq.conf
  • Add everything from conf example listed in link above. 
  • Save and exit file CTRL+O, CTRL+X.
    
• Start POSQ for initial Masternode setup. 
  • ./posqd
    
• Allow the daemon to sync. After a few minutes verify block count.
  • ./posq-cli getinfo
  • Verify block count against block explorer found here.
    
• Begin Masternode configuration.
  • Create Collateral address ./posq-cli getnewaddress MN01
  • Generate masternode private key and copy it for later ./posq-cli masternode genkey
  • Send exactly 5,000 POSQ to new address ./posq-cli sendtoaddress copied-address 5000
  • Wait about a minute and run ./posq-cli masternode outputs. Save it for later.
    
• Open/edit masternode.conf file.
  • nano /root/.posq/masternode.conf
  • Following the format in this file, input all of your information. 
  • Format:MN01 your_vps_ip_address:5510 your_masternode_key_output_from-masternode_genkey txhash_from-masternode_outputs Outputidx_from-masternode_outputs.
  • 173.239.218.20 Is your IP. Unsure? run ifconfig
  • 88PgPt1sa612ogcJ8kUTokJnpifEoGqYS8U5F4K3eJXHkMhvExe is your masternode key from masternode genkey. 
  • da2574ebd5d29be6efd2e245b970d11e76f80bed7c28e39565041c84b40fe80b is your txhash from masternode outputs.
  • Example:MN01 173.239.218.20:5510 88PgPt1sa612ogcJ8kUTokJnpifEoGqYS8U5F4K3eJXHkMhvExe da2574ebd5d29be6efd2e245b970d11e76f80bed7c28e39565041c84b40fe80b 1
  •  1 is your outputidx from masternode outputs.
  • Save and exit file CTRL+O, CTRL+X.
    
• Stop/restart posqd daemon.
  • Reopen posq.conf with  nano /root/.posq/posq.conf
  • Enter your IP for externalip=.
    externalip=173.239.218.20:5510
  • Enter your IP for masternodeaddr=.
masternodeaddr=173.239.218.20:5510
  • Enter masternodeprivkey=   from masternode genkey. 
    masternodeprivkey=88PgPt1sa612ogcJ8kUTokJnpifEoGqYS8U5F4K3eJXHkMhvExe 
  • Save and exit file CTRL+O, CTRL+X.
    
• Stop/restart posqd daemon.
  • ./posq-cli stop
  •  Run the following command until the posqd process disappears.
    ps aux | grep posqd | grep -v grep
  • Restart POSQ ./posqd
    
• Check for your new Masternode on mn.zone.
• Enable the Masternode.
  ./posq-cli masternode list-conf
  • You should now see the newly added masternode with a status of MISSING.
    
•  Run the following command, in order to enable it:
  ./posq-cli startmasternode alias false MN01
  
• Verify that the MasterNode is enabled and contributing to the network.
  • Let the process run for a few minutes then check on it with:
    ./posq-cli masternode status
  • You should be greeted with Masternode successfully started
  • If instead you get Masternode not found in the list of available masternodes. Give it a little bit of time to sync up with the network and try again.
    
• Check for your new Masternode on mn.zone.

Process complete. Congratulations on your new POSQ Masternode!

If this article was helpful, please make sure to up-vote it. Thanks!