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Pandacash Masternode Setup Guide

Requirements

There are many different ways to set-up a masternode. This method requires a Virtual Private Server, eliminating the need to run your own computer 24/7. Your funds are also safely stored on your local wallet, not the VPS.

The following requirements are needed to set-up a Masternode using this guide.

   A fully synced local wallet - download from https://github.com/AtlantisL/PandaCash/releases
   200,000 PANDA + 1 PANDA for transaction fees (I recommend having the funds in your wallet from the beginning)
   A Virtual Private Server (VPS). Any VPS should work. Ubuntu 16.04 is good - I recommend to purchase from: https://www.vultr.com/?ref=7273673. Another VPS provider: https://www.time4vps.eu/. A Cloud Compute with with IP4 support (from www.vultr.com, USD3.5/month) server is enough for 1 masternode. 1 Masternode will work on 1 GB RAM, 1 Core CPU, 20 GB HDD.

   Download and install Putty from: www.putty.org
   Mac users can user Terminal to connect: https://apple.blogoverflow.com/2012/02/how-to-use-ssh-on-mac-os-x/
   Desktop Notepad for record keeping
   An ability to follow instructions

VPS Set-up

After Purchasing the VPS, you will need to install an Operating System. Select the latest Ubuntu (64-bit) from the list of available operating systems and install it.

Launch Putty, or use the Mac terminal guidelines, and log into the VPS using the IP address that was provided for your purchased VPS. Note your VPS IP address as you will needed in a later step. I will refer to it as VPS_IP.

You may see a certificate warning, since this is the first time you are connecting to this server. You can safely click Yes to trust this server in the future.

You are now connected to the server and should see a terminal window. Begin by logging into your server with the user root and password supplied by the hosting provider.

To paste in the Putty, Right Click the mouse button. The password field will always look empty, which is a safety feature.

Now that you are logged in to the system, we will update the system from the Ubuntu package library.

apt update

and

apt upgrade

The next step is to install nano, which is a text editor.

sudo apt-get install nano

Next we'll create a folder called "pandacash", download the precompiled official wallet and install it. Then copy and paste these commands.

mkdir pandacash

cd pandacash

wget https://github.com/AtlantisL/PandaCash/releases/download/v1.0.0.0/pandacash-daemon-1.0.0.0-linux64.tar.gz

tar xzvf pandacash-daemon-1.0.0.0-linux64.tar.gz

Next we'll try to run the Pandacash daemon. This should fail because the RPC credentials do not exist in the configuration file, but this command will create the configuration file to be used. Input:

./pandacashd -daemon

You can now minimize the Putty window or just close it and come back to it after we complete the next steps.

Create a MasterNode Address (ALIAS) & send collateral

Open the Pandacash wallet, go to File > Receiving Addresses > New

Name the Label and hit OK, (Make it 1 word). The Label is your masternode ALIAS.

While you are still in the Receiving Addresses table, select the address you just created and hit the Copy button. Close this window.

Next you will need to send the collateral (EXACTLY 200,000 PANDA) to this address. Do so by going to the Send tab and pasting the Address you just copied to the Pay To: field. The Label should automatically show up as the one you just named. Enter exactly 200,000 into the amount field and hit Send. This address belong to your account, you essentially send money to yourself. Your funds will stay in your account.

Now go to the Transactions tab and double click on the Transaction you just made. Record the TRANSACTION_ID in Notepad, it will be required in the next step. You also need to wait until 15+ confirmations on this transaction before continuing .

Generate Masternode private key & Index ID

Go to Tools>Debug Console

Type the following command and copy the generated key to Notepad, this will be your PRIVATE_KEY

masternode genkey

While in debug console, type in the following and copy the "outputidx" digit this will be your INDEX_ID

masternode outputs

Edit masternode.conf file on your local computer

On your local, Qt, wallet click on Tools > Open Masternode Configuration File "masternode.conf".

This should open a file in notepad, or Mac equivalent, that you can edit.

Add a line containing this information: make sure to include the port after the IP address (:30020)

ALIAS VPS_IP:30020 PRIVATE_KEY TRANSACTION_ID INDEX_ID

Next, use notepad to open "pandacash.conf" to add these: (change the text shown in bold)

rpcallowip=127.0.0.1
rpcuser=ANY_LONG_USERNAME
rpcpassword=ANY_LONG_PASSWORD
staking=0
server=1
listen=1
daemon=1
port=30020
masternode=1
masternodeaddr=VPS_IP:30020
externalip=VPS_IP:30020
masternodeprivkey=PRIVATE_KEY

Configure VPS

Open Putty and enter:

nano /root/.pandacash/masternode.conf

Copy the contents of the masternode.conf file on the machine and pastes it into the terminal (right-click the mouse). Make sure the rows you add are displayed.

Press CTRL + X to exit the file. Press Y to confirm, and then press Enter to save.

Now enter:

nano /root/.pandacash/pandacash.conf

Copy the contents of the local "pandacash.conf" file and pastes it into the terminal. Press CTRL + X, Y and Enter to exit and save the file.

Close and restart the wallet

To take effect for configuration changes, we must restart both wallets.

Close the local wallet on the desktop and start it again.

Then run:

nohup ./pandacashd > /dev/null 2>&1 &

Open the master node

in your local wallet, go to the tools > debug console, and then type:

startmasternode alias false mn1

Check in your wallet>Masternodes tab. If the Status is ENABLED, your masternode is running. If it is a problem, try right click the row and choose “Enable”.

You can now close your VPS by Exiting out of the window and close your local wallet.

Create multiple master nodes

I will assume that you are familiar with building a master node and understanding the basics. This approach requires two diffe[Suspicious link removed] servers because PANDACASH requires that each master node have a unique IP.

The local pandacash.conf should not contain any settings that are related to the main node points, as opposed to the use of a single main node point.

You need to generate a individual master node private key for each master node and get its output as before.

Local pandacash.conf

rpcallowip=127.0.0.1
rpcuser=user
rpcpassword=password
staking=1
server=1
listen=1
port=30020

Local masternode.conf

MN1.ALIAS MN1.VPS_IP:0020 MN1.PRIVATE_KEY MN1.TRANSACTION_ID MN1.INDEX_ID MN2.ALIAS MN2.VPS_IP:30020 MN2.PRIVATE_KEY MN2.TRANSACTION_ID MN2.INDEX_ID

MN1 pandacash.conf
nano /root/.pandacash/pandacash.conf

rpcallowip=127.0.0.1
rpcuser=user
rpcpassword=password
staking=0
server=1
daemon=1
listen=1
port=30020
masternode=1
masternodeaddr=MN1.VPS_IP:30020
externalip=MN1.VPS_IP:30020
masternodeprivkey=MN1.PRIVATE_KEY

MN1 masternode.conf
nano /root/.pandcash/masternode.conf MN1

MN1.ALIAS MN1.VPS_IP:0020 MN1.PRIVATE_KEY MN1.TRANSACTION_ID MN1.INDEX_ID

MN2 panacash.conf
nano /root/.pandacash/pandacash.conf

rpcallowip=127.0.0.1
rpcuser=user
rpcpassword=password
staking=0
server=1
daemon=1
listen=1
port=30020
masternode=1
masternodeaddr=MN2.VPS_IP:30020
externalip=MN2.VPS_IP:30020
masternodeprivkey=MN2.PRIVATE_KEY

MN2 masternode.conf
nano /root/.pandacash/masternode.conf

MN2.ALIAS MN2.VPS_IP:30020 MN2.PRIVATE_KEY MN2.TRANSACTION_ID MN2.INDEX_ID

Start each VPS server:

cd pandacash

./pandacash -daemon

In your local wallet, go to Tools>Debug Console and type:

startmasternode all false

OR

startmasternode alias false mn1
startmasternode alias false mn2

If you named your alias something else other than mn1, then substitute the mn1 for your alias name.

If you get an Error: "Please enter the wallet passphrase with walletpassphrase first (code -13)" . You need to Unlock your wallet by going to Settings > Unlock Wallet.

After successful start:

Check in your Wallet>Masternodes tab. If the Status is ENABLED, your masternode is running.

You may also open up Putty and type this command to check if the Masternode started

./pandacash-cli masternode status

You can now close your local wallet and Putty. The VPS will do all the work for you!