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Bank Society Coin Masternode Install Guide - Setup Guide (Single VPS/IP)
Important : Never try to setup a Masternode on the same domain as your wallet, as this will
never work. THe Masternode concept requires a UNIQUE node IP. THerefore, a VPS
(Virtual Private Server) is the cheapest way to implement a Masternode.
Masternode Rewards Information
To setup a masternode you will first need 20,000 SOCI, a Virtual Private Server and a Society-qt (GUI Wallet). A small amount of technical knowledge is required to follow the setup guide below.
A masternode is a combination of two seperate wallets. A Controller and slave wallet setup ensures secure storage of your collateral. A VPS (slave) wallet will be configured to allow your GUI controller wallet to communicate and exchange information. The controller wallet must remain unlocked and connected through the Society network to your slave (VPS) at all times for active status. It's recommended to setup your controller wallet on a computer that only you have physical access to, behind a firewall, running linux or Windows with a good anti-virus.
A VPS wallet will be configured to allow your GUI controller wallet to communicate and exchange information. The controller wallet must remain connected through the Society network to your VPS at all times for active status.
This means that the master wallet must be open and connected to receive Masternode rewards.
== STEP 1 ==
Setup your controller wallet - this will keep your coins safe.
Install Society-qt on Windows or Linux from the official releases.
Load your Society-qt wallet and sync.
Shut-down Society-qt
Find your society.conf file Help - Debug - Information - Click society.conf button under Troubleshooting or browse c:\Users\username\AppData\LocalRoaming\Society (windows) or home/username/.Society/ (Linux)
Edit society.conf with notepad or gedit/nano
Add the following line:
Save and exit
Load Society-qt wallet and sync.
Backup your private keys and wallet file!
== STEP 2 ==
Create your Masternode Collateral.
Click "Receive" and generate a new address with the label "Masternode 1"
Send exactly 20000 Society to this address and wait for confirmations.
== STEP 3 ==
Open the Debug Console.
Click Help on the top file menu
Click Console on the top Tab Bar
== STEP 4 ==
Generate your Private Key & and Outputs
In the debug console command box (bottom of screen) enter the following:
masternode genkey {ENTER}
masternode outputs {ENTER}
You should see something very similar to this (save into a text file in Notepad or Gedit/Nano/etc):
masternode genkey
masternode outputs
"29a839eca6be6f1f0656cb23ed04f824ddb72f19bf9168a0c5b5243eae34d765" : "0",
Close your debug window
== STEP 5 ==
Configure your controller wallet (masternode.conf - recommended):
Open masternode.conf in Notepad or Gedit/Nano
Add the following information:
alias your_VPS_server_IP:23960 PRIVATEKEY TXT_HASH TXT_INDEX
An example:
mn1 your_VPS_server_IP:23960 05040h0f9fdju3n9g9dsnwpx9g3nasz9dgnas 29a839eca6be6f1f0656cb23ed04f824ddb72f19bf9168a0c5b5243eae34d765 0
Configure your controller wallet (GUI):
On the Menu bar click "Masternodes"
Click the Tab "My Masternodes"
Click the "Create" button
Alias: MN1
Address: your_VPS_server_IP:23960
PrivKey: 05040h0f9fdju3n9g9dsnwpx9g3nasz9dgnas
TxHash: 29a839eca6be6f1f0656cb23ed04f824ddb72f19bf9168a0c5b5243eae34d765
Output: 0
Click "OK" now open up an SSH client Putty
== STEP 6 ==
Register & Log in to your Linux VPS as root. Ubuntu or Debian is recommended.
== STEP 7 == [VPS/Putty]
Install the required wallet dependencies:
apt-get update
apt-get upgrade
apt-get install build-essential
apt-get install libssl-dev
apt-get install libboost-all-dev
apt-get install libqrencode-dev
apt-get install libgmp3-dev
apt-get install libgmp-dev
apt-get install miniupnpc
apt-get install libminiupnpc-dev
apt-get install libcurl4-openssl-dev
apt-get install dh-autoreconf
apt-get install autoconf
apt-get install automake
apt-get install git nano
apt-get install pkg-config
apt-get install libtool
apt-get install software-properties-common
Install Berkley DB 4.8 (Automatically)
add-apt-repository ppa:bitcoin/bitcoin
apt-get update
apt-get install libdb4.8-dev libdb4.8++-dev
Download and manually compile Berkley DB 4.8 (If above fails)
cd ~
mkdir bitcoin
mkdir bitcoin/db4
wget ''
tar -xzvf db-4.8.30.NC.tar.gz
cd db-4.8.30.NC/build_unix/
../dist/configure --enable-cxx --disable-shared --with-pic --prefix=~/bitcoin/db4
make install
Download and manually compile Berkley DB 5+ (If DB 4.8 won't install or compile)
apt-get install libdb-dev libdb++-dev
== STEP 8 == [VPS/Putty]
Create Swap Space:
fallocate -l 3G /swapfile
dd if=/dev/zero of=swapfile bs=1M count=3072
mkswap /swapfile
chmod 600 /swapfile
swapon /swapfile
echo -e "/swapfile none swap sw 0 0 \n" >> /etc/fstab
cat /proc/meminfo
If you get an error: "operation not permitted" please see here for a possible fix.
== STEP 9 == [VPS/Putty]
Build & compile the slave wallet binary:
git clone
cd BankSocietyCoin/src
make -f makefile.unix
cp societyd /usr/bin
cd ..
== STEP 10 == [VPS/Putty]
Create your configuration File:
mkdir /root/.Society
nano /root/.Society/society.conf
Copy and paste the following (Slave wallet only):
Modify the above information:
Change society_edit_me to a username or leave default
Change pass_edit_me to a secure password (random is recommended)
Replace server_ip with your VPS address
Replace_me with your private key from Step #4:
Save and exit (CTRL + X):
Press: Y then ENTER to overwrite.
== STEP 11 == [VPS/Putty]
Start your slave wallet:
If it looks like it's just sitting there idle on the last step try using:
societyd getinfo
Wait until full sync - try the above commands periodically to view the progress:
If you close Putty and societyd exits too: Install screen (apt-get install screen) and run it using: screen societyd
== STEP 12 == [VPS/Putty]
== STEP 13 == [VPS/Putty]
Perform the following command to ensure that your wallet can access the Masternode on the VPS
sudo ufw allow 23960
== STEP 14 == [WALLET]
Remote Start your masternode:
In your controller wallet (GUI) click "Masternodes"
Click the "My Masternodes" tab
Click "Update"
If you see your masternode slave-wallet VPS IP - excellent!
Then click "Start All"
Once again "Update"
You should see "Masternode is running..."
Over a short-period of time it will show up in the Society network tab
Step #14:
You might want to install MNChecker but this is optional.
Close Putty: