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Quick guide to setup Dstra Masternode

twthmoses

Junior Member
#1
This is a quick guide to set up a Dstra Masternode using the Windows 64bit wallet. I'll make a more comprehensible later….

0. Read it all before you send coins to any address and understand what you need to do.
1. Make a new address in your wallet and name it anything you want, could be “MN01” or “SPACERACER” or whatever.
2. Send exactly 30,000 dstra to this address.
3. Open debug console, found under tools, on the top bar
4. Type "masternode outputs". Save the resulting txhash, including the outputidx, 0 or 1.
5. Type "masternode genkey". Save the key.
6. Open dstra.conf in notepad.
7. Type the following:
masternode=1
masternodeprivkey=enter the masternode genkey from 5)
staking=1

8. Save it.
9. Open masternode.conf in notepad
10. Type the following:
<name from 1)> outboundIPaddress:5269 <masternode genkey from 5)> <masternode outputs from 4)> 0 or 1
Example:
MN01 94.145.221.99:5269 41HatytyyirjEMttH1Y4sBGLALQZE1Yc1K64yiqgX37tGBDQL8Xg 3rty3c84c84f87eaa86e4e54034c92027a07f9e18718810b92e0d0324456a67c 0
11. Save it.
12. Restart wallet, you should see, under masternode tab, your MN named <name from 1)>
13. Click your masternode and press start alias
14. Open debug console again and type "masternode start alias-<name from 1>" should respond with "successfully started"
15. Type in debug console "masternode status" if you get an error message you did something wrong.
16. Most important. Port forward port:5269 in your router to the local IP of the computer you run your MN on. Your new master node might be running fine from your point of view, but the rest of the world might not see you. If you don’t get any MN reward, after say an hour or two, the world is not in contact with you, despite your MN might be running fine.

Pointers i'm unsure of might be true or not
A) You need 101 confirmations of the 30,000 dstra, before the MN starts receiving rewards. Takes optimal 101 minutes, but probably longer.
B) Place the txindex=1 in the dstra.conf (if you use that line) after the things you write in 7) - or just don't write it.
c) Name in 2) and 10) does not actually have to be the same. Pretty sure they don't have to be.
d) Line 14) is actually the same as 13), just like to see the response :)
 
Last edited:

plpatel

Junior Member
#2
Well thanks for your efforts on setting up masternode guide in very simple and clean instructions.
I guess this instructions are for Windows, and would be looking forward for Ubuntu (Linux) too.
 

Mohon

Junior Member
#6
Well that will be really helpul for those who gonna set up masternode for the first time.Enough for one to understand and setting up the MN. Keep up.
 
#7
Thanks for the great tutorial, I guess that if the coins are locked in the masternode they don't get the ordinary stakes. At the moment it seems that MN stakes and ordinary stakes are even. When is it expected for MN stakes to overtake normal coins?
 

twthmoses

Junior Member
#8
Thanks for the great tutorial, I guess that if the coins are locked in the masternode they don't get the ordinary stakes. At the moment it seems that MN stakes and ordinary stakes are even. When is it expected for MN stakes to overtake normal coins?
Correct, the locked 30k dstra does not stake,however the reward they receive does. MN reward is better than staking right now.

There are1440 blocks a day of 2, 5 dstra = 3600 dstra a day. MN claim 10% of this, 360. Currently there are 7 MN online (6 working), so each receive average about 51,5 each day. In order to match this you need to stake 21 times a day.
MN is goodright now, but the more MN that comes online it will be less.
 
#9
Correct, the locked 30k dstra does not stake,however the reward they receive does. MN reward is better than staking right now.

There are1440 blocks a day of 2, 5 dstra = 3600 dstra a day. MN claim 10% of this, 360. Currently there are 7 MN online (6 working), so each receive average about 51,5 each day. In order to match this you need to stake 21 times a day.
MN is goodright now, but the more MN that comes online it will be less.
Thanks. Very interesting. Now I am trying to figure out if long term it'll be more convenient to stake through marsternodes or through the ordinary way. I guess soon we will have many masternoded going up.
 
#10
good guide i dont know why my mn doesnt start properly unless i go into debug consol and type "masternode start all". it should be the same as pushing the button in the wallet but it isnt in my case.
 
#14
Thank you for the explanation, not having a MN but for future reference very handy, maybe one day i will. Maybe a shared MN, or and shared MN on discord like the stake pool we have?