Masternode Setup Guide


  • This guide is for single masternodes, on Ubuntu 16.04 64bit (VPS) servers that run headless and will be controlled from the wallet on your local computer (Control wallet). Wallet on VPS will be referred to as a Remote wallet. You will need details of your server to progress through this guide.
  • First the basic requirements:
    1. 10,000 PIV
    2. A main computer (Your everyday computer) – This will run the control wallet, hold your collateral 10,000 piv and can be turned on and off without affecting the masternode.
    3. Masternode Server (VPS – The computer that will be on 24/7)
    4. A unique IP address for your VPS / Remote wallet
  • (For security reasons, you’re are going to need a different IP for each masternode you plan to host).
  • The basic reasoning for these requirements is that, you get to keep your Smelter Coin in your local wallet and host your masternode remotely, securely.


  • Note: The auto Smelter Coin minter should be disabled during this setup to prevent autominting of your masternode collateral. BEFORE unlocking your wallet, you can disable autominting in the control wallet option menu.
  • First the basic requirements:
    1. Using the control wallet, enter the debug console (Tools > Debug console) and type the following command:
      createmasternodekey (This will be the masternode’s privkey. We’ll use this later…)
    2. Using the control wallet still, enter the following command:
      getaccountaddress chooseAnyNameForYourMasternode
    3. Still in the control wallet, send 1000 Smelter Coin to the address you generated in step 2 (Be 100% sure that you entered the address correctly. You can verify this when you paste the address into the “Pay To:” field, the label will autopopulate with the name you chose”, also make sure this is exactly 1000 Smelter Coin; No less, no more).
      – Be absolutely 100% sure that this is copied correctly. And then check it again. We cannot help you, if you send 1000 Smelter Coin to an incorrect address.
    4. Still in the control wallet, enter the command into the console:
      masternode outputs
      (This gets the proof of transaction of sending 1000)
    5. Still on the main computer, go into the Smelter Coin data directory, by default in Windows it’ll be
      or Linux
    6. Find masternode.conf and add the following line to it:
      < Name of Masternode(Use the name you entered earlier for simplicity)> :51472   

      Example: MN1 892WPpkqbr7sr6Si4fdsfssjjapuFzAXwETCrpPJubnrmU6aKzh c8f4965ea57a68d0e6dd384324dfd28cfbe0c801015b973e7331db8ce018716999 1
      Substitute it with your own values and without the “<>”s

VPS Remote wallet install

    1. Install the latest version of the Smelter Coin wallet onto your masternode. The lastest version can be found here:
      1. Go to your home directory:
        cd ~
      2. From your home directory, download the latest version from the Smelter Coin GitHub repository:
        1. The link above is for Ubuntu (or similar), make sure you choose the correct version of the core wallet if you are not using Ubuntu from:

      3. Unzip and extract:
        tar -zxvf smeltercoin-
      4. Go to your Smelter Coin 3.0.0 bin directory:
        cd ~/smeltercoin-3.1.0/bin
      5. Note: If this is the first time running the wallet in the VPS, you’ll need to attempt to start the wallet
        this will place the config files in your ~/.smeltercoin data directory
        1. press
          to exit / stop the wallet then continue to step 1 Configuration Cont.

Configuration Cont

    1. Now on the masternodes, find the Smelter Coin data directory here.(Linux: ~/.smeltercoin)
      cd ~/.smeltercoin
    2. Open the smeltercoin.conf by typing
      vi smeltercoin.conf
      then press i to go into insert mode and make the config look like this:
      rpcuser=long random username
      rpcpassword=longer random password
      externalip=your unique public ip address
      masternodeprivkey=Result of Step 1
      Make sure to replace rpcuser and rpcpassword with your own.
    3. to exit the editor press
      then press enter

Start Your Masternode

    1. Now, you need to finally start these things in this order
      – Start the daemon client in the VPS. First go back to your installed wallet directory,
      cd ~/smeltercoin-1.0.0/bin
      and then start the wallet using
      – From the Control wallet debug console
      startmasternode alias false
      where is the name of your masternode alias (without brackets)
      The following should appear:
      “overall” : “Successfully started 1 masternodes, failed to start 0, total 1”,
      “detail” : [
      “alias” : “”,
      “result” : “successful”,
      “error” : “”
      – Back in the VPS (remote wallet), start the masternode
      ./smeltercoin-cli startmasternode local false
      – A message “masternode successfully started” should appear
    2. Use the following command to check status:
      ./smeltercoin-cli masternode status
      You should see something like:
      “txhash” : “334545645643534534324238908f36ff4456454dfffff51311”, 
      “outputidx” : 0, 
      “netaddr” : “”, 
      “addr” : “D6fujc45645645445645R7TiCwexx1LA1”, 
      “status” : 4, 
      “message” : “Masternode successfully started” 
      Congratulations! You have successfully created your masternode!
      Now the masternode setup is complete, you are safe to remove “enablezeromint=0” from the smeltercoin.conf file of the control wallet.

Tearing down a Masternode

    1. How do I stop running MN1 on my VPS hoster and delete MN1 from my ‘smeltercoin Core – Wallet’?
        a) ./smeltercoin-cli stop from the masternode to stop the wallet.
        b) Then from your controller wallet PC, edit your masternode.conf, delete the MN1 masternode line entry.
        c) Now restart the controller wallet.
        d) your 10K will now be unlocked.
    2. How do I get the 10k back that I’ve send to my MN1 address at the beginning of the MN1 setup?
        You don’t need to “get that back” as it is already in your wallet.
        Being in the different address is not an issue as that’s also your address.
    3. Can I use this 10k normally on my wallet then again, and sell it or stake it normally like before?
        Yes !