Masternodes Explanations/Guides/Setups/Tools for Dash Newcomers (Update:July 2015)

tungfa

tungfa

Well-known member
Foundation Member
Masternode Owner/Operator
Masternodes Explanations/Guides/Setups/Tools for Dash Newcomers ….>

Dash General:
www.dashpay.io
https://dashpay.atlassian.net/wiki/display/DOC/Official Documentation
Dash Whitepaper:
https://dashpay.atlassian.net/wiki/display/DOC/Whitepaper

(Image bellow is outdated and will be changed soon !)
hhDwscg.jpg

Dash is best known because it has been the first cryptocurrency focused on anonymity and privacy. What many people do not know is how this feature is implemented, or how it opens a lot of exciting possibilities.

In order to achieve anonymity Dash has successfully implemented Masternodes. They are an innovation by themselves and are necessary to achieve the privacy that Darkcoin preaches.

What are Masternodes:

Simply put, a Masternode is a server connected with the network that performs certain tasks related with Darksend, which is what the anonymity feature is called, and gets paid for it. It is Proof of Service.

Anyone can run a Masternode. The objective is to have enough of them for decentralization so nobody controls an important fraction of Masternodes. On the other hand, to avoid bloating the network or having reckless operators, there is one condition that needs to be fulfilled: proof of ownership of 1000 Dash. The coins don't need to be in the Masternode, but they need to be kept in a certain way. If the owner moves or spends those coins, the Masternode stops working.

Masternodes are get paid by the network for the services they provide for Darksend. 25% of the new block's reward goes to pay the Masternodes. Each reward is paid to one master node randomly selected, so in the long term all Masternodes should converge to a similar amount of rewards.

Having so many servers with the full block chain working for the coin can be extremely useful. Thanks to the reward system, there is no risk of not having enough master nodes and the developers can rely on them for any new decentralized feature they want to implement. This is huge. Tell any developer that he can count on a thousand distributed servers working 24x7 for him and he will tell you.

The more Masternodes the better and safer for the Dash Network.

In the moment we are at 2500 MN’s (in 22 countries and counting), the goal is the make it to 3000 MN’s to secure the Dash Network even further.

Please support The Masternode Network ! Do not let your Dash just sit in the Wallet, put them to work !

There are many services and guides (see bellow) to help you achieve your own Masternode. The payment returns speak for themselves, please check the chart bellow.

Welcome to the Dash Masternode Network, the best investment/return in the Crypto World.
- In general your 1000 Dash (which are hold in your Wallet for the MN) will return 18% payment per year !
(Around 14.88 Dash per month /180 Dash per year)
- With 5.6 Masternodes you will get (receive 1 new Masternode = 1000 Dash per year)
Do the count yourself ….>
(Above based on May 2015)

- Payments
SNZREaz.png


- Instant Transactions

In the moment the only task for the Masternode Network in the moment is Darksend and Instant Transactions.

Evan Duffield (head developer) demonstrates this groundbreaking update here in this video on Dash Test Net (Nov 2014)

and are ready to join and support the Network and can start a Masternode, here are some tips and suggestions how you can do that:

Masternode Guides:
Masternode Set up Guide (How To):
(if you are comfortable with basic Linux):

1.by TaoOfSatoshi
https://dashtalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/
+ Firewall
https://dashtalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/#post-25672

Masternode Set Up Guided by Community Member through SKYPE:
(if you prefer to have somebody talk you though the setup, with extra explanations)
2.by yidakee
https://dashtalk.org/threads/yi...tup-services-ghostplayer-on-bitcointalk.1633/

Tutorial Video - How To Setup and Update Masternodes
https://dashtalk.org/threads/tutorial-video-how-to-setup-and-update-masternodes.3255/
(Tx onetime)

Multiple Masternodes from One Wallet Guide (start-many)
https://dashtalk.org/threads/reubens-start-multiple-masternodes-from-one-wallet-guide-start-many.4034/
(Tx ReubenBolehVPN)

Masternode Hosting Services:
(if you just want to run a MN from the distance and are NOT technical savvy enough):
(Trustless with cold wallet only accessible by you)

Masternodehosting
by Flare
[email protected]
www.masternodehosting.com (under construction)
https://dashtalk.org/threads/service-masternode-hosting-service.2648/

Moocowmoo's Magic Masternode Maker™
by moocowmoo
[email protected]
https://masternode.me/
https://dashtalk.org/threads/moocowmoos-magic-masternode-maker.3305/

Masternode Hosting +Pooling Services:
(if you only have example: 200 Dash but want to be part in a Masternode Pool,
works with your DRK in escrow)

Splawik`s Super Shares Service
by splawik21
https://dashtalk.org/threads/masternode-shares-vps-service-reloaded.3195/
contact: bct & dct username: splawik21

Node40
by orangecycle
https://node40.com
https://dashtalk.org/threads/node40-masternode-management-services.4447/

When you have your MN set up and running, you need some tools to check on updating/up/down time/ payments/…..>

Masternode VPS Providers:
(these are just the main examples, there are many more out there on the net)
- http://www.vultr.com
(very popular, U$5 a month)
- http://www.flokinet.is
(Iceland based)
- https://www.amazon.com
(biggest US Company, 1st year for free)

Masternode Cloud Service
(automated MN hosting service)
by scratchy
https://masternodecloud.com/#

Masternode Update/Check:
Masternode Update Guide:

by TanteStefana
https://dashtalk.org/threads/remote-masternode-guide-updated.410/

Masternode Update Tool/ SMUT
by thelonecrouton
https://dashtalk.org/threads/free-smut-simple-masternode-update-tool.2700/#post-26761

Masternode Update Script
by bituzer
https://dashtalk.org/threads/free-smut-simple-masternode-update-tool.2700/

Masternode Monitoring:
Computer:
http://newrelic.com
https://noczone.com

Masternode Specials:
KeePass for Masternodes:
https://dashtalk.org/threads/keepass-integration.3620/

TOR guide for Masternodes:
https://dashtalk.org/threads/tor-masternode-guide.4094/

Masternode On Raspberry Pi 2 Model B:
https://dashtalk.org/threads/masternode-on-raspberry-pi-2-model-b.4083/

Masternodes "start-many" Guide:
https://dashtalk.org/threads/reubens-start-multiple-masternodes-from-one-wallet-guide-start-many.4034/

Webpages Dash MN Network:

Masternode Birth Timeline (New)
http://www.dashnodes.com/index/masternodes_timeline
(Tx DarkChild)
Masternode Global Distribution Map (New)
http://www.dashnodes.com/index/masternodes_map
(Tx DarkChild)
Masternode Quick Charts & Stats (New)
http://www.dashnodes.com/index/charts
(Tx DarkChild)

World-Map with Masternodes (Tx crowning)
http://178.254.18.153/~pub/Darkcoin/Masternodes_Map.html
List of Darkcoin Masternodes with Country / City / ISP / IP (Tx crowning)
http://178.254.18.153/~pub/Darkcoin/masternode_locations.html
List of Darkcoin Masternodes per Country (Tx crowning)
http://178.254.18.153/~pub/Darkcoin/masternode_locations_stats.html
Absolute Number of Masternodes Graph (Tx crowning)
http://178.254.18.153/~pub/masternode_count.png

Block Explorer
(Tx elbereth)
https://chainz.cryptoid.info/dash/masternodes.dws
http://explorer.darkcoin.io/chain/Darkcoin
https://bitinfocharts.com/darkcoin/
http://explorer.coinpayments.net/index.php?chain=7

PS:
If there are any issue or mistakes, PLEASE let me know.
Hope i covered all services and nobody feels left out
(wanted to make sure everybody is included)

And sure
tips are always welcome ....>
:wink:
 
Last edited by a moderator:
Tungfa it is a lot lot lot work to do. Since I`ve been promoted in my work I spend there more time what means less free time for my family and for myself :(

I can offer help with setuping the masternode for polish people of course but can`t translate it all.
 
Last edited by a moderator:
splawik21 said:
Tungfa it is a lot lot lot work to do. Since I`ve been promoted in my work I spend there more time what means less free time for my family and for myself.

I can offer help with setuping the masternode for polish people of course but can`t translate it all.
Click to expand...

No pressure, i am just asking/suggesting ... (as always)
you could always simplify the whole thing and just stick to the good links of services and guides !
:wink:

PS: Congrats on the promotion ! That is super cool !!
 
Sounds great
Tx splawik21
If you need more music, let me know anytime (normally I send more beats !)
 
:D hehe ahh that music changes all :D
 
tungfa said:
Masternodes Explanations/Guides/Setups/Tools for DRK Newcomers ….>

Darkcoin General:
www.darkcoin.io
http://wiki.darkcoin.eu/wiki/FAQ
DRK Whitepaper:
https://www.darkcoin.io/wp-content/uploads/2014/09/DarkcoinWhitepaper.pdf
8SLFGPT.jpg

Darkcoin is best known because it has been the first cryptocurrency focused on anonymity and privacy. What many people do not know is how this feature is implemented, or how it opens a lot of exciting possibilities.

In order to achieve anonymity Darkcoin has successfully implemented Masternodes. They are an innovation by themselves and are necessary to achieve the privacy that Darkcoin preaches.

What are Masternodes:

Simply put, a Masternode is a server connected with the network that performs certain tasks related with Darksend, which is what the anonymity feature is called, and gets paid for it. It is Proof of Service.

Anyone can run a Masternode. The objective is to have enough of them for decentralization so nobody controls an important fraction of Masternodes. On the other hand, to avoid bloating the network or having reckless operators, there is one condition that needs to be fulfilled: proof of ownership of 1000 Dark coin’s. The coins don't need to be in the Masternode, but they need to be kept in a certain way. If the owner moves or spends those coins, the Masternode stops working.

Masternodes are get paid by the network for the services they provide for Darksend. 25% of the new block's reward goes to pay the Masternodes. Each reward is paid to one master node randomly selected, so in the long term all Masternodes should converge to a similar amount of rewards.

Having so many servers with the full block chain working for the coin can be extremely useful. Thanks to the reward system, there is no risk of not having enough master nodes and the developers can rely on them for any new decentralized feature they want to implement. This is huge. Tell any developer that he can count on a thousand distributed servers working 24x7 for him and he will tell you.

The more Masternodes the better and safer for the DRK Network.

In the moment we are at 1200 MN’s (in 22 countries and counting), the goal is the make it to 3000 MN’s to secure the DRK Network even further.

Please support The Masternode Network ! Do not let your Darkcoin's just sit in the Wallet, put them to work !

There are many services and guides (see bellow) to help you achieve your own Masternode. The payment returns speak for themselves, please check the chart bellow.

Welcome to the Darkcoin Masternode Network, the best investment/return in the Crypto World.
- In general your 1000 DRK (which are hold in your Wallet for the MN) will return 30% payment per year !
(Around 21 DRK per month /250 DRK per year)
- With 8 Masternodes you will get (receive 1 new Masternode = 1000 DRK per year)
Do the count yourself ….>
(Above based on Nov 2014)

- Payments
lKcd3kx.png


- Instant Transactions

In the moment the only use of the Masternode Network in the moment (Nov 2014) is Darksend.
Instant Transactions is in development and will be implemented soon.
Evan Duffield (head developer) demonstrates this groundbreaking update here in this video on DRK Test Net,
which will be released in the coming month.


When you have 1000 DRK and are ready to join and support the Network and can start a Masternode, here are some tips and suggestions how you can do that:

Masternode Set up Guide (How To):
(if you are comfortable with basic Linux):
1.by TaoOfSatoshi
https://darkcointalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/
+ Firewall
https://darkcointalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/#post-25672

Masternode Set Up Guided by Community Member through SKYPE:
(if you prefer to have somebody talk you though the setup, with extra explanations)
2.by yidakee
https://darkcointalk.org/threads/yi...tup-services-ghostplayer-on-bitcointalk.1633/

Masternode Hosting Service:
(if you just want to run a MN from the distance and are NOT technical savvy enough):
(Trustless with cold wallet only accessible by you)
by Flare
[email protected]
www.masternodehosting.com (under construction)
https://darkcointalk.org/threads/service-masternode-hosting-service.2648/

Masternode Pooling Service 1.:
(if you only have example: 200 DRK but want to be part in a Masternode Pool,
works with your DRK in escrow)
by MangledBlue
www.unitedmasternode.com (under construction)
[email protected]
http://darkcointalk.org/threads/services-darkcoin-mn-escrow-service.2701/

Masternode Pooling Service 2.:
http://www.drkmn.com (under construction)
not live yet !
by ourlink

When you have your MN set up and running, you need some tools to check on updating/up/down time/ payments/…..>

Masternode VPS Providers:
(these are just the main examples, there are many more out there on the net)
- http://www.vultr.com
(very popular, U$5 a month)
- http://www.flokinet.is
(Iceland based)
- https://www.amazon.com
(biggest US Company, 1st year for free)

Masternode Update Guide:
by TanteStefana
https://darkcointalk.org/threads/remote-masternode-guide-updated.410/

Masternode Update Tool/ SMUT
by thelonecrouton
https://darkcointalk.org/threads/free-smut-simple-masternode-update-tool.2700/#post-26761

Masternode Update Script
by bituzer
https://darkcointalk.org/threads/masternode-update-script.1640/

Masternode Monitoring:

Computer:
http://newrelic.com
https://noczone.com

Android:
https://play.google.com/store/apps/details?id=com.wr.noc&hl=en

Webpages DRK MN Network:
World-Map with Masternodes (Tx crowning)
http://178.254.18.153/~pub/Darkcoin/Masternodes_Map.html
List of Darkcoin Masternodes with Country / City / ISP / IP (Tx crowning)
http://178.254.18.153/~pub/Darkcoin/masternode_locations.html
List of Darkcoin Masternodes per Country (Tx crowning)
http://178.254.18.153/~pub/Darkcoin/masternode_locations_stats.html
Absolute Number of Masternodes Graph (Tx crowning)
http://178.254.18.153/~pub/masternode_count.png

(Tx elbereth)
https://chainz.cryptoid.info/drk/masternodes.dws
http://explorer.darkcoin.io/chain/Darkcoin
https://bitinfocharts.com/darkcoin/
http://explorer.coinpayments.net/index.php?chain=7
https://airbex.net/explorer/darkcoin/

PS:
If there are any issue or mistakes, PLEASE let me know.
Hope i covered all services and nobody feels left out
(wanted to make sure everybody is included)
Click to expand...
Stole this for the DarkBlogs section on the Darkcoin Chameleon's blog!

http://RebelMouse.com/TaoOfSatoshi/DarkBlogs
 
JESUSGOD I thought this could be cool to translate for you into Russian if you needed more posts for that blog !
Maybe simplify the beginning and stick to the Guide !
 
TaoOfSatoshi said:
Stole this for the DarkBlogs section on the Darkcoin Chameleon's blog!

http://RebelMouse.com/TaoOfSatoshi/DarkBlogs
Click to expand...

Anytime
there is NO stealing, this is here to be shared as far as possible
so all the newbies (in the DRK world we call them "duwbies") know what to do !
I try to get it translated as well
Share and post and twitter and all the way please ....>
 
tungfa said:
Anytime
there is NO stealing, this is here to be shared as far as possible
so all the newbies (in the DRK world we call them "duwbies") know what to do !
I try to get it translated as well
Share and post and twitter and all the way please ....>
Click to expand...
You got it, I would love to post in other languages!
 
Nice work tungfa~
It helps a lot for the beginner, wished i got one like this when i took the first step through the Dark gate~:wink:
 
Raico said:
Nice work tungfa~
It helps a lot for the beginner, wished i got one like this when i took the first step through the Dark gate~:wink:
Click to expand...

That is exactly why i did this !
Welcome the newbies and make them (try) understand the importance and fun of running MN's ....>
 
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