GENIX Masternode Guide

bitbay84 (25)in #genix • 5 years ago (edited)

This guide will assist you to set up a GENIX Masternode on a Linux VPS running Ubuntu 18.04. & 16.04

Requirements:

10 000 GENIX
A VPS running Linux Ubuntu 18.04. or 16.04.
A Windows local wallet.
An SSH client such as Putty.

1. Prepare your wallet, MN address, masternode genkey and masternode outputs:

For your own security always Encrypt your wallet!
Enable Coin Control & Masternode Tab Settings>Advanced settings

Go to Recive, open My adresses, create New addres for your Masternode, enter your Label, press OK.

Copy this address

Paste this address in Pay To box and send exactly 10 000 Genix

Open Tools, Console, and type masternode genkey and masternode outputs

Go to Settings, Open masternode configuration file and save this data using format:
MN_Alias VPS_IP:43649 MASTERNODE_GENKEY MASTERNODE_OUTPUTS TXID
Each space is important!
Restart your local wallet

2. VPS Setup. Go to Vultr and register a new account if you already don't have.

After logging in to Vultr:

Click servers on the left.
Click + on the top right corner and deploy a new server.
Choose a server location closest to you.
Choose server type: Ubuntu 16.04. or 18.04.
Select your plan - 3,5 or 5$ $ plan will be fine.
Set a server hostname.
Click "Deploy Now" .
Wait for install.

Now you can go to next steps:

Copy your VPS IP (you can find this by going to the server tab within Vultr and clicking on your server.)
Open Putty and fill in the "Host name" box with the IP of your VPS.
Hit open on Putty to start Command Line. A terminal window will open.
Type "root" for login.
Copy the root password from the VULTR server page.
Enter your server password that you copied: right click in console or type it manualy (even if you dont see pasted/typed pasword, it is here ).
Next press enter.

After login enter/paste in console:

[Ubuntu 18.04]:
git clone https://github.com/genix-project/masternode-setup-script
cd masternode-setup-script
git checkout Ubuntu-18.04
chmod -R 755 setup.sh
./setup.sh

[Ubuntu 16.04]:
git clone https://github.com/genix-project/masternode-setup-script
cd masternode-setup-script
git checkout Ubuntu-16.04
chmod -R 755 setup.sh
./setup.sh

Type "y" to install all needed dependencies.
Next enter all data that you will be asked for:
Type the IP of this server, followed by [ENTER]: - Your VPS IP
Enter alias for new node: mn1 or just 1
Enter port for node: 43649
Enter masternode private key for node: your masternode_genkey
Enter RPC Port (Any valid free port: i.E. 17100): any free port as you wish
Do you want to install sentinel? (no if you did it before) [y/n] - y

Check mnsync status typing in console:
cd /root/bin (ls to list your files)
./genix-cli_mn1.sh mnsync status
If you have: "AssetName": "MASTERNODE_SYNC_FINISHED" - go and start MN from your local wallet in Masternodes Tab.

./genix-cli_mn1.sh masternode status - to check your MN status.

If you have status 4 means that your Masternode start earning!

Congratulations!

Frequent questions and answers:

Q: How many coins per day from Masternode?
A: 1 Day = 1440min, genix block time is 120s = 720 blocks/day... so:
720 / mn number * mn block reward
720/259* 300Genix = 2.78 * 300Genix = on average 834 coins per day / MN
note 1: You can't recive 0.78 block reward... so this is average MN reward,
note 2: Block reward is changing, is decrease 50% every 100k blocks. Reward distribution: 60% MN, 40% POW
note 3: MN number is changing, check it in explorer before you calculate.

explorer link: http://explorer.genix.cx/

Q: How long till first MN reward?
A: The average waiting time for the first MN rewards is Block time x MN number in the network x 3.
So: 120s x 259MN x 3 = 93240 sec.
/60=1554min
/60= 25,9 Hour

If you like this guide I will be grateful for the tip - Genix Address: GTvFYsHEuRz3DA4QaVM9znrJxaPybVeyLq

#masternode #guide #wallet #setup

5 years ago in #genix by bitbay84 (25)

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GENIX Masternode Guide

This guide will assist you to set up a GENIX Masternode on a Linux VPS running Ubuntu 18.04. & 16.04

Requirements:

1. Prepare your wallet, MN address, masternode genkey and masternode outputs:

2. VPS Setup. Go to Vultr and register a new account if you already don't have.

After logging in to Vultr:

Now you can go to next steps:

After login enter/paste in console:

If you have status 4 means that your Masternode start earning!

Frequent questions and answers:

Usefull links:

Exchanges:

MN Hosting services:

Coin stats services:

Coin Marketplace