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Static public IP and open ports are essential!
1.Open and Run the Kraken-qt.exe wallet for the first time.
2.Your firewall and antivirus might pop up to allow connection. Please allow the connections by making appropriate tick marks.
3.In the lower left hand corner of the User Interface, you will see “Synchronizing with network” and other sync messages each time you open your Kraken Wallet. If there is a problem synchronizing, it may say “No Block Source Available” instead. If this happens, just close and re-open the wallet until it synchronizes.
4.Go to Help -> Debug Console.
5.In the Console window enter getaccountaddress MN1 and copy the result. This is your MASTERNODE DEPOSIT ADDRESS, where you will deposit the coins to create a masternode. Pay 2500 KC exactly into this address. No more, no less.
(Wait for the 1st confirmation of the transaction)
6.In the Console Debug window enter "masternode genkey" and copy the result. This is your MASTERNODE PRIVKEY.
7.Open Configuration File in Notepad - this config file is located at C:/users/***Your windows username***/appdata(hidden)/roaming/Kraken. Then paste in the following.
masternodeprivkey= (yourprivatekey)
8.Now save and close the config file.
9.Close the wallet by going to File -> Exit.
Open the Kraken Wallet again by running Kraken-qt.exe. This is how you will always start the wallet going forward.
10. Wait for 15 confirmations of the transaction of 2500 coins.
Go to Tools -> Debug Console. Enter masternode start. You will see the response “Masternode started successfully”. Congratulations, your masternode is now running.
You should see your new masternode appear in the list with the active status 1.
All masternodes need to be active for a certain amount of blocks before they are recognized by the network and eligible for rewards.