How to create a MetaACO masternode on IhostMN.com
Click the above image to watch the full guide on YouTube.
This guide assumes you have an ihostmn.com account and the coins needed to start a masternode in your local wallet.
As soon as you log into ihostmn.com you will find yourself on the dashboard. If no account create one here: IhostMN
You will need to deposit a small amount via PayPal or cryptocurrency, to pay the monthly fees of your masternode (necessary to pay the hosting service offered by ihostmn.com). Click on "Fund account" in the left menu to proceed.
Once the payment has been made, the funds will be immediately available on your account. We can now click in the left menu on the “Masternode hosting” link. You will see all the coins available on the website, in our case we have chosen to run a MetaACO masternode. You can search MetaACO or any other coin using the search bar on the top.
Then click on the name of our coin, in this case MetaACO, to proceed to the next screen.
As we can see, the name of the masternode, the transaction ID (or collateral transaction) and the transaction index are required. Now we can move to our local wallet, where we have the 25,000 coins needed to create a masternode. (Do not close ihostmn website).
MetaACO requires 25,000 coins to run a masternode (this value could change over time, and it can be different). Make sure to have a little more than 25,000 coins to cover the transaction fee cost.
To create a masternode we need to send exactly 25,000 MetaACO to ourselves, to achieve that we must click on “Receive” in the left menu, to generate a new address, and give it a name (for example MN1).
Click on the “Generate a new address” button, then click on “Edit Label” to assign a name to this address, preferably without blank spaces. In our case, it will be “MN1”. After that, we copy the address using the Copy button, we need it to send the coins to ourselves.
Once done, we need to create the so-called “collateral transaction”. Click on “Send” in the left menu.
You will see three fields, in the MetaACO address field paste the address we just copied in the step before, in the amount field write exactly 25,000. You will see the MN1 label filled automatically.
We now click on the “Send” button to send the collateral transaction. We need some minutes for the transaction to be confirmed and reach the required confirmation to be eligible as masternode collateral (1 confirmation or about 1 minute).
We can now move to the debug console of our wallet to get the information requested by ihostmn.com. Click in the Settings menu (1), Debug (2), Console (3).
In the bottom bar, type “getmasternodeoutputs” and press enter. If we did not make a mistake, the command will generate an output like the following:
[
{
"txhash": "8827b7784b167dbc91689113c568061a6c46a6d0716dae75f6a47da7c9230252",
"outputidx": 1
}
]
We now have all the information we need on ihostmn.com!
- Go back to the website
- In the masternode name field, we will use MN1 (our masternode label)
- In the transaction ID field, we will use the “txhash” (the long string of numbers and letters)
- In the “transaction index” field, we will use 1 - the “outputidx” from the command above
- Wait to have at least (15 confirmations or about 15 minutes) befor you click "Deploy".
- Now click on the "Deploy" green button
You will see a Success message, and you will be redirected to your dashboard. In your dashboard, click on the MN Name link (MN1).
Here is the place where you can see the details of your masternode, and some other actions. What we need is the masternode.conf configuration line. Click on the “Copy masternode.conf text file to clipboard” button to copy it.
Next, you need to locate the associated data and config files of your existing wallet to open (with text editor like Notepad) the masternode.conf file.
Windows: C:/users/username/appdata/roaming/MetaACO/masternode.conf
Linux: ~/.metaaco/masternode.conf
Mac: ~/Library/Application Support/MetaACO/masternode.conf
The above location is where you'll find your MetaACO Core blockchain files including masternode.conf
Also note that in Windows, by default the AppData directory will be hidden.
Move to the last line and paste the configuration line we just copied from the website. Make sure that the configuration string is in one line! (Do not break it in two or more lines). Save and close the text editor.
Now close and restart your wallet. Once restarted, click on the “Masternodes” TAB in the left menu. We can now see our MN1.
Click on the three small dots on the right and press “Start” and press Ok to confirm. Your node status will change to "ACTIVE".
Depending on different factors, your node will turn to "ENABLED" and start generating rewards after about 20-hour or so.
You can check and monitor you Masternode Status on IhostMN.com (see pic below)
Your masternode configuration is now completed. Happy earnings!