https://puu.sh/wKeMo/a4b30b687f.jpg

Hello guys, today I am sharing a very important lesson with you, as we know, ChainCoin is all the hype, and so are masternodes!

First of all, this guide is a reference! I take no responsibility for any lost coins or anything, be extra cautious when sending big amounts of coins, they can't be retrieved back once sent to wrong addresses!

Donations can be made to ChainCoin address:
CJHRbAZ2WRiBgMrrRT1qsKAThsEncYA9p8

There's also a YouTube video to go with this guide so feel free to watch it too at https://youtu.be/tfw8rvTWeYY

So let's figure out how to setup a masternode inside DigitalOcean VPS!

To help me with my server costs, please use the following referral link to get free 10$ on your DigitalOcean registeration: https://goo.gl/LqLtj5

When you've registered and signed in to DigitalOcean, first step is to create a Ubuntu 16.04.02 x64 droplet

https://puu.sh/wKd0B/525a713cf4.jpg

To employ a small cost saving tricks, choose the cheapest, 5$ droplet at first. Due to memory constraints ChainCoin wont build with this machine, but we'll solve that problem in a bit!

https://puu.sh/wKd2l/b66c266aab.jpg

When the  droplet creation is completed,  power off the machine!

https://puu.sh/wKd4p/c5d3e707b7.jpg

Resize the machine to the 80$ machine, or the 20$ machine at least, because else the building will fail!

https://puu.sh/wKd5S/dac55cb325.jpg

Power the machine back on!

https://puu.sh/wKd77/d023f41fef.jpg

Download putty from http://putty.org

https://puu.sh/wKd7C/28692ecaf9.jpg

https://puu.sh/wKd8H/89af278174.jpg

and run it!

Open a mail containing your crendetials to the droplet

https://puu.sh/wKf54/d25c241c51.jpg

and use the ip inside the email as host address

https://puu.sh/wKdan/bd8aa14a57.jpg

Login with the credentials and change the password as guided. Inside putty the pasting is done by right clicking on the window

https://puu.sh/wKdbX/b1d9a8a54a.jpg

Now lets begin getting the dependencies for the installation!

First add bitcoin repository
```
add-apt-repository ppa:bitcoin/bitcoin
```

https://puu.sh/wKddx/c1d3264ff2.jpg

Then run an update

```
apt-get update
```

Install the dependencies

```
apt-get install git build-essential libtool autotools-dev automake pkg-config libssl-dev libevent-dev bsdmainutils libboost-system-dev libboost-filesystem-dev libboost-chrono-dev libboost-program-options-dev libboost-test-dev libboost-thread-dev libdb4.8-dev libdb4.8++-dev -y

```

Clone the repository

```
git clone https://github.com/chaincoin/chaincoin.git
```

Open the directory where chaincoin was cloned into

```
cd chaincoin
```

run autogen.sh

```
./autogen.sh
```

run configure step

```
./configure
```

build.. this will take a while!

```
make
```

and finally install

```
make install
```

Now for the cost saving trick!

Power off your droplet

https://puu.sh/wKdKn/158eddafae.jpg

Resize it to the smallest machine!

https://puu.sh/wKdLB/1f8516e2d6.jpg

Power it back on and sign back in using putty!

run chaincoin daemon to generate credentials for you

```
chaincoind --daemon
```

https://puu.sh/wKdm4/002e5b59c8.jpg

Copy the rpcuser and rpcpassword generated for you

https://puu.sh/wKdo6/f08197c70d.jpg

edit the configuration file

```
nano /root/.chaincoin/chaincoin.conf
```

paste in the credentials created for you by right clicking

https://puu.sh/wKdpa/8798c9711d.jpg

CTRL + W

save file

https://puu.sh/wKdwQ/021261807a.jpg

CTRL + X

close editor


Start the chaincoind daemon

```
chaincoind --daemon
```
https://puu.sh/wKdy2/bfdda0c5f0.jpg

See blockcain synchronization progress

```
chaincoin-cli getinfo
```

https://puu.sh/wKdCi/24f1c03308.jpg

Compare the 'blocks' count to one listed in ChainCoin explorer

https://puu.sh/wKdDw/754d2f16b0.png

When the numbers are same, its completed!

Get the accountaddress to send the coins to

```
chaincoind getaccountaddress 0
```

https://puu.sh/wKdNH/14b478cb1e.jpg

Save the private key in case of disaster, dump it using the following command. Replace YOUR_ADDRESS_HERE with the result of previous command 'getaccountaddress'

This private key is secret and never to be shared with anyone! Keep it secure!

```
chaincoind dumpprivkey YOUR_ADDRESS_HERE
```

https://puu.sh/wKdPv/fed4ca44b3.jpg


Generate the masternode private key using

```
chaincoind masternode genkey
```

https://puu.sh/wKdRA/d62e3fd2bc.jpg

edit the conf once again using

```
nano /root/.chaincoin/chaincoin.conf
```

https://puu.sh/wKdSS/2ce7a3e35b.jpg

Paste in the following, and replace YOUR_MASTERNODE_PRIV_KEY with the result of 'chaincoind masternode genkey' command

```
masternodeprivkey=YOUR_MASTERNODE_PRIV_KEY
masternode=1
```

Remember!

CTRL + W

save file

CTRL + X

close editor

Now restart the chaincoind so the new configuration is used!

https://puu.sh/wKe68/553fa00d86.jpg


```
chaincoind stop
chaincoind --daemon
```


https://puu.sh/wKdY3/d81e536d93.jpg

Use the following command again to find out the address to send your chaincoins to


```
chaincoind getaccoundaddress 0
```

https://puu.sh/wKdYU/93eba2424a.jpg

Verify the address thousand times before sending anything!

Send exactly 1000 chaincoins to the address, if you send anything else it will not work!

use 


```
chaincoind listtransactions
```

to verify that the coins have arrived


https://puu.sh/wKe2L/aba2e51ffe.jpg

After the coins have arrived and been confirmed for 15 times, you can run 

```
chaincoind masternode start
```

and we are finally done!

after the masternode is running you will receive chaincoins like so

the masternode generated coins take 100 confirmations before they can be spend!

https://puu.sh/wKe3u/59a7a8790d.jpg

When you're finally a millionare and ready to retrieve your coins use 

chaincoind masternode stop

to stop your masternode

and

chaincoind getbalance

to find out your current balance

and send it using

chaincoind sendtoaddress YOUR_PRIMARY_WALLET_ADDRESS_HERE BALANCE_YOU_WANT_TO_SEND_HERE

https://puu.sh/wKeca/8c2e49bc68.jpg

enjoy your coins!