Setup A Masternode

Use the following instructions to setup a masternode for a X11 based coin on Ubuntu Server 18.04.
You can download the windows wallet and tools here >

Make sure that you have the following requirements.

- Required amount of coins to setup the masternode. (2500)
- A wallet to store your coins.
- A server or VPS.

The instructions are split in three sections.

Setup the control wallet (1/2)

Open your wallet and wait until the wallet has downloaded the complete blockchain.

Go to “Tools”.
Click “Debug console”.
This is the console where you will execute all commands.

Create a masternode private key.

masternode genkey

Example output


Show your collateral address.

getaccountaddress "MN1"

Example output


Keep note of the masternode private key and the collateral address.

Setup the VPS

Install Ubuntu Server 18.04 on a VPS.

Update your Ubuntu machine.

sudo apt-get update
sudo apt-get upgrade

Install the required dependencies.

sudo apt-get install build-essential libtool autotools-dev automake pkg-config libssl-dev libevent-dev bsdmainutils python3 libboost-system-dev libboost-filesystem-dev libboost-chrono-dev libboost-test-dev libboost-thread-dev libboost-all-dev libboost-program-options-dev
sudo apt-get install libminiupnpc-dev libzmq3-dev libprotobuf-dev protobuf-compiler unzip software-properties-common

Install Berkeley DB.

sudo add-apt-repository ppa:bitcoin/bitcoin
sudo apt-get update
sudo apt-get install libdb4.8-dev libdb4.8++-dev

Download the daemon and tools from BTCTech

wget "" -O blockcoin-daemon-linux.tar.gz
wget "" -O blockcoin-qt-linux.tar.gz

Extract the tar files.

tar -xzvf blockcoin-daemon-linux.tar.gz
tar -xzvf blockcoin-qt-linux.tar.gz

Install the daemon and tools.

sudo mv blockcoind blockcoin-cli blockcoin-tx /usr/local/bin/

Create the config file.

mkdir $HOME/.blockcoin
nano $HOME/.blockcoin/blockcoin.conf

Paste the following lines in blockcoin.conf.



Replace the text “REPLACE_WITH_MASTERNODE_PRIVATE_KEY” with the “masternode private key” that you created using the command “masternode genkey”.

E.G. masternodeprivkey=75eqvNfaEfkd3YTwQ3hMwyxL2BgNSrqHDgWc6jbUh4Gdtnro2Wo

Replace the text “REPLACE_WITH_EXTERNAL_IP_OF_VPS” with the external IP address of your VPS.

E.G. externalip=

Start your node with the following command.


Setup the control wallet (2/2)

Transfer the required amount of coins "2500" to the “collateral address” that you created using the command “getaccountaddress "MN1"”.

Wait until the transaction has the required masternode confirmations.

Go to Tools.
Click Debug console.

Enter the following command.

masternode outputs

Example output

    "06e38868bb8f9958e34d5155437d009b72dff33fc28874c87fd42e51c0f74fdb" : "0",

Go to “Tools”.
Click “Open Masternode Configuration File”.

Modify the following line and paste it into notepad.

MN1 75eqvNfaEfkd3YTwQ3hMwyxL2BgNSrqHDgWc6jbUh4Gdtnro2Wo 06e38868bb8f9958e34d5155437d009b72dff33fc28874c87fd42e51c0f74fdb 0

MN1 - Alias for your masternode. - External IP of your VPS.

9999 - Replace with P2P port of your coin.

75eqvNfaEfkd3YTwQ3hMwyxL2BgNSrqHDgWc6jbUh4Gdtnro2Wo - Masternode private key from the command “masternode genkey”.

06e38868bb8f9958e34d5155437d009b72dff33fc28874c87fd42e51c0f74fdb - Transaction hash from the command “masternode outputs”.

0 - Single digit from the command “masternode outputs”.

Save the file and close notepad.

Shutdown your wallet and re-open your wallet.

Go to “Settings”.
Click “Unlock Wallet”.

Enter your wallet passphrase and unlock your wallet.

Go to “Tools”.
Click “Debug console”.

Start your masternode using the command.

masternode start-alias MN1

It will take +/- 30 minutes to activate your masternode.

  • Masternode, Master, Node, Alt-Coin, Crypto, Chain, Block, blockchain
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