Masternodes

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How to increase your collateral for your masternode to meet new step requirements

Increasing your Masternode Collateral when a step increase is required

Video Guide Masternode Collateral Increase Tutorial

In this video the process of stepping up our collateral for a masternode is explained. 

Recently, BitMoney had a collateral increase from 9600 to 16800 and this video explains how you can still get rewards without having to install a new masternode or change the IP address of your VPS.

Please follow these instructions as the should be very similar with most masternode projects.

Open wallet, click Tools, Open Masternode Configuration File. 

Put a # in front of the configuration you are changing.

4. Save masternode.conf file, close the wallet.

5. Reopen Wallet.

Open masternodes tab. 

You should see that you have nothing listed in the tab.

6. After wallet syncs you can send the new collateral as a new transaction to your wallet.

Please do not send a “top-up” amount. 

The entire amount has to be a new transaction. 

After 20 confirmations, open debug console and type "masternode outputs" to get your new txid.

8. Go back to the masternode.conf file and delete the hash from the beginning of the masternode config line. (step 2)

9. Edit the masternode.conf and replace the old txid with the new mn output.


10. Close the wallet completely again, and reopen it. You should now see your masternodes listed in the masternodes tab.

However, they will show as MISSING status. 11 – 
Open debug console and use the command "startmasternode alias 0 mn1" 

12. Go to your VPS and type "BitMoney-cli masternode status" 

It should say "Masternode successfully enabled"

Get your free $100 VPS credit here to start hosting masternodes:
https://m.do.co/c/67b15b93ecf0

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Buy BitMoney:
https://crex24.com/?refid=akf39fsku422elrufsyq

Fiat Gateways:
https://join.uphold.com/?kid=T2VEH
https://www.coinbase.com/join/59fd6beea6ecfb00fffd9c90

Other Exchanges:
https://www.binance.com/?ref=13115625
https://www.coinexchange.io/?r=679ad99c

Earn Free Crypto from nothing to buy your first masternodes:
http://cointiply.com/r/mXp17
https://freebitco.in/?r=11286642
http://freedoge.co.in/?r=1643460

Donate to support our content and crypto adoption:

BTC: 1FQ6rJZHToV5ZUPJCxtBHLBjdoTwkXk78g

ETH: 0x7214Cd2853E9BC30C8833b1117a48eF8A3f67ACF

DASH: XyG4kEAXdq7rxhoAvfisSWyZTywxVaWbXK

ZEC: t1bpF18s3q7hMM9fjWwXbbGKpUj55ocb48Z

LTC: Lh48iqbZ6sQKrYgpX7XhG1XktmkjyqFxRw

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Coin Decrypt: How to setup a PrimeStone Masternode

 

PrimeStone Masternode Tutorial Setup Guide

PrimeStone Masternode Starters Guide - How to earn a Crypto Income

In this video we will learn how to install and setup a PrimeStone Masternode to earn a daily passive income with cryptocurrency.

PrimeStone is a x11 algorythim Proof of Work / Proof of Stake Hybrid coin. Setting up masternodes with a coin that you've mined is an orgasmic feeling that makes you feel like a true crypto-punk.

Staking will become enabled in January 2019 and the collateral will be increasing to 10,000 coins.

Right now you only need to send yourself (EXACTLY 1000) 1000 coins, not a .001 more or a .001 less.

If sending collateral from an exchange, remember to include your fees in the amount that you are sending.

As of today, in the bloodiest red day I've seen in the past two years, a PSC masternode costs 1000 coins ($8.34 worth of BTC) and will earn you 12 coins (worth about 13 cents in BTC a day.) (11/25/2018)

Sign up for a VPS with digital ocean using my link and you will get a $100 free credit.

Digital Ocean VPS: https://m.do.co/c/67b15b93ecf0

Copy and paste this script, exactly as you see it here, into your VPS console:

apt-get update -y && apt-get install software-properties-common build-essential libtool autotools-dev automake pkg-config libssl-dev libevent-dev bsdmainutils -y && apt-get install libboost-all-dev -y && add-apt-repository ppa:bitcoin/bitcoin -y && apt-get update -y && apt-get update -y && apt-get install libdb4.8-dev libdb4.8++-dev -y && apt-get install libminiupnpc-dev libzmq3-dev libevent-pthreads-2.0-5 -y && apt-get install unzip -y && wget https://primestone.global/wp-content/uploads/2018/06/prime_linux.zip && unzip prime_linux.zip && chmod -R 755 ~/prime_linux && cd ~ && mkdir /swap && fallocate -l 1G /swap/swapfile && chmod 600 /swap/swapfile && mkswap /swap/swapfile && echo '/swap/swapfile none swap sw 0 0' | sudo tee -a /etc/fstab && cd ~/prime_linux && ./primestoned --daemon && cd ~ && cd ~/.primestonecore && nano primestone.conf

Use this template for your config file:

rpcuser=username
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=19942
listen=1
server=1
daemon=1
port=19941
logtimestamps=1
maxconnections=256
masternode=1
masternodeaddr=IPADDRESS:19941
masternodeprivkey=MASTERNODEGENKEY

(Type: "masternode genkey" (into your wallet's debug console to get the priv key)

Get your free $100 VPS credit to host your masternodes:

Digital Ocean VPS Hosting (Free $100 credit)

Coin Decrypt Discord:
https://discord.gg/CZR7c8g

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http://Steemit.com/@kryp70kn1gh7

Twitter:
http://twitter.com/kryp70kn1gh7

Website:
http://dailycryptonews.org

If you can't afford a masternode, go earn some BTC, here:

http://cointiply.com/r/mXp17

Donate to support our content and crypto adoption:

BTC: 1FQ6rJZHToV5ZUPJCxtBHLBjdoTwkXk78g

ETH: 0x7214Cd2853E9BC30C8833b1117a48eF8A3f67ACF

DASH: XyG4kEAXdq7rxhoAvfisSWyZTywxVaWbXK

ZEC: t1bpF18s3q7hMM9fjWwXbbGKpUj55ocb48Z

LTC: Lh48iqbZ6sQKrYgpX7XhG1XktmkjyqFxRw

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BitMoney: A story about my trip deep into the heart of the crypto-underground.

 

The story of BitMoney

A journey into the depths of the crypto-underground.

If we manage to find ourselves lurking deep enough into heart of the crypto-caverns on the interwebs, we might come across hundreds of forums, crypto discord channels, reddit pages, bitcoin talk posts, and telegram groups.

Whether you are a developer, trader, blogger, or investor, searching for unknown projects destined to be the next king of crypto space can be a daunting and anxiety invoking process. Sifting through these communities when looking for projects to get involved with is exhausting.

Wouldn't it be nice if someone would do that for you?

Well, you can thank me later.

We are going to be talking about projects that have the potential for greatness. It doesn't HAVE to become the next bitcoin but it does have to have a use case or a working product, an active community, a dedicated development team and at least SOME volume on more than 1 exchange.

If the coin meets this criteria or if I believe that it will meet this criteria, without a shadow of a doubt, in the very near future then we will talk about that coin here and I will interview the dev(s) in 1 on 1 interviews so that you can read about them, here.

We want to help you discover the real coins that will multiply your bitcoin holdings in order to make you real money.

If we load up a coin's website and the first thing we see advertised is big flashy text about a HUGE ROI, and we see nothing about use-cases and not even a mention of a working product, then trust me when I tell you, that a scamcoin. Those are what we call in the crypto-world, a good old fashioned pump 'n dump shitcoin.

Since mining cryptocurrency, trading, and even just hodling, has lost some profitability over the last year, many of us have been digging deeper into the crypto interwebs, and even spelunking far down into some of the deepest and most dangerous crypto-caverns known to man, into what I like to call, the crypto-underground.

In the crypto-underground, we are looking for ways to re-invest our hard earned bitcoin. To invest In what our friend Doug would call, "Hot Cheap Alts".

We are looking for projects that have a foreseeable future, an active community, a strong development team and the coin we are looking at must have enough volume to get in and out of. If it happens to also make us a stream of income somehow then we say, "shut the hell up and take my money!"

If you ask this certain group of people, deep in the depths of the crypto-underground, about what kinds of crytpocurrency there is, then they will tell you that there are three kinds. That there is Bitcoin, there are Shitcoins and then there is BitMoney.

That's right. They're calling it, BitMoney, not to be mistaken for Bitcoin. In fact, this is an entirely different breed of projects all together.

Bitcoin was the cryptocurrency payment system invented in 2008 by the unknown and mysteriously anonymous genius known only to us as, Satoshi Nakamoto. BTC was created as a peer 2 peer electronic cash system. It was the first digital currency to solve the double spend problem that plagued digital currencies before it.

BitMoney on the other hand was derived from a fork of Pivx, a coin that was forked from Dash, which was an earlier Bitcoin fork. Dash was known as Xcoin back then, before changing the coin's name to Darkcoin, when it launched in 2014. Dash focused on the ability to perform private transactions and an idea called blockchain governance through it's own new technology, called masternodes. Unlike, Dash that uses the X11 algo and Pivx that uses Quark, BitMoney uses a newer algorithm called Xevan.

(A fork is when a project's code base takes a turn with a different set of rules than it followed before, these are usually considered improvements by a new developer, and so a new coin with a new blockchain is born, with a new name and a new group of followers who agree with the new rules.)

Bitcoin works because it is a decentralized network, without a centralized point for failure. This network consists of individuals and their computers from all parts the world. Each individual contributes to the network by dedicating enormous amounts of computing power from machines known as ASIC miners.

ASICs perform mathematical algorithms in order to audit the blockchain's ledgers on each bitcoin node in a process known as hashing. To put it quite simply, each miner is rewarded in bitcoin for verifying every single bitcoin transaction that is stored on the blockchain.

The problem with ASIC miners, and even GPU miners, is that they are consuming tremendous amounts of electricity, they are loud, they create a lot of heat, take up a lot of space, and are expensive to buy and run.

Since the bitcoin network has grown to a market cap of over $110 billion dollars, the network is so enormous that transactions can be slow, the fees can be unpredictable and even fairly high when compared to some other available crypto coins on the open market.

BitMoney can not be mined which means that it does not waste electricity and when you send a BitMoney transaction, your fees are tiny in comparison to bitcoins. You only spend .00001920 Bit right now, per transaction, when sending 100 BitMoney.

Oh, and it's fast... and I mean REALLY FAST! During my speed tests with another BIT users, it took about 2-3 seconds to send transactions of 10 BitMoney. The transactions were almost instantaneous.

Instead of mining it relies on its network of masternodes.

This means that, in order to get involved in earning coins from the network, you do not have to purchase an expensive piece of equipment that runs hot and noisy 24/7, while simultaneously running up your electricity bill through the roof. That makes BitMoney green and environment friendly.

What is a masternode?

A masternode is an open wallet with a full copy of the coin's blockchain that is up and running at all times. Masternodes are responsible for the governance, and the auditing of the blockchain's budget. Masternodes make private and instant transactions possible. By staking your coins into a masternode you can be rewarded with payments from that coin that are sent to your wallet in that cryptocurrency.

The original BitMoney v1 project was announced in July 2018 on Bitcointalk.org and quickly became popular in the POS/MN realm. It was advertised as a lending coin that was 6x faster than Dash. However, within a few short months, by September the Dev released a new wallet, without telling anyone, raised the collateral limits for masternodes as an attempt to raise the price and then vanished from the scene. Leaving masternode owners, stakers and hodlers of the coin without any support, guidance or hopes of a future.

All was lost, until the community decided to take back the coin. And that is what our story is about.

So now that you know a little bit about the coin. Let me tell you how I found out about it.

It was about 1 am on a Tuesday, I think, and I was talking to my friend, Archi, on discord about some new masternode projects. I was telling him about some of the projects that I had built masternodes for and he didn't think very highly of some of my choices. Which was a little offensive to me at first considering how much work I put into researching these things.

You see, I am looking for quality long term projects and short term profit is of little concern to an investor such as myself because we are more focused on the use cases, products, whats in store for the future, and the communities that surround the coin.

Archi is a different type of investor than me and I feel like it is always nice to surround yourself with people that share different opinions than your own. He is looking for profit. Anything else is just icing on the cake. There is nothing wrong with wanting to make a profit when investing, if that's what your goal is. After all, isn't making profits what investing is all about in the first place? Besides, if you can have profit AND support a worthwhile project, everybody wins.

"Take a look at BitMoney" he told me, "I am about to invest in BitMoney, it is a revived project."

What the hell is BitMoney? The name took me off guard because I immediately was wondering why anyone would want to revive some dead coin called BitMoney. There are so many shitcoins with "Bitcoin" or "Bit" in the name and they are all just trying to ride the coat tails of the most valuable cryptocoin in history, without offering anything else on the table.

However, the idea of a "revived" coin sounded intriguing to me because there are so many coin projects that just simply fail for whatever reason. A dev will fork a coin, promote it as the next big project, that dev will leave the coin, and then the community immediately loses faith, the coin gets dumped on the first exchange available, That is when the price of that coin crashes into the dirt, and the coin simply dies.

This could have easily been BitMoney's story and then we would probably never have even heard of it but that is not what happened at all. In fact quite the opposite.

I needed to see why Archi thought that this coin was going to make him rich.

So, I made my way to the BitMoney discord channel because that is where we always go when we are researching a new project. It is the fastest and easiest way to get answers to the following questions:
1.) How active is the community and what is the general attitude of the investors involved?
2.) How involved are the devs with the community?
3.) What are the devs currently working on and what other projects are linked to the coin?

(You can get involved with BitMoney's discord yourself by going here:
https://discord.gg/NmRDmXb)

As soon as I entered the BitMoney discord channel there were people talking to each other about the coin but it was in a much that was different from 99% of the other communities that I was apart of.

This group was passionate about their BitMoney. It was almost as if I had stumbled into sort of an online cult... but in a good way? A fun and friendly cult?

Had I entered into the twilight zone? Who were these people that were so excited about cryptocurrency during a depressing 9 month bear market stretch?

The BitMoney discord was flooded with messages like:

One of the first suggestions that I made to the group was that we all start applying to different exchanges and maybe use some crowd funded community donations in order to give bounty rewards to those who actually got the coin listed.

This was the first response that I got,


The reason that this kind of talk was exciting to see was because 60% of the masternode coin channels that I join look more like this:


"Has anyone heard from the Developer?"

"No, this coin is probably dead."

And, no, that is not an exaggeration, that's why I posted the screen shots.

When we are investing in masternode coins you want to make sure that you find a coin with an active and passionate community, which BitMoney certainly has.

The next thing that you want to look for is the development team. Or, at least in BitMoney's case, the developer.

Is the developer active? Does the developer communicate with the community on a regular basis? Are they making updates to the github files on a regular basis?

The original BitMoney developer had abandoned the project and left the BitMoney community without a lot of hope. This happens all too often in the crypto-underworld and sadly, we are used to it.

However, in the case of BitMoney a user by the name of Woblit decided that he was going to take over the project and with the communities help. And that is exactly what he is currently doing.

The first thing that Woblit did was assign a round table of senior BitMoney stakeholders, or master node owners. In the world of crypto, owning a masternode of a coin gives you power by way of governance. The BitMoney project masternode holders vote on all changes before implementing anything.

They named BitMoney V2, "Project Phoenix" (that is just the name of the project, the coin is still called BitMoney, so as not to cause confusion.)

The name is fitting because this project certainly has risen out of the ashes.

Woblit has been working hard on a new website for BitMoney v2 and has recently just announced a partnership with KYD:

https://review.kydcoin.io/bitmoney/

It really was a community take over. Just like my friend, Archi, had told me, "A revival".

I was sold. I transferred over the $60 worth of BTC that I needed over to Crex24 so that I could buy my 5,000 BitMoney and I built my first masternode.

I was now a part of this passionate little community in the heart of the crypto-underground.


As of today (about a week later) that masternode is worth $275 (partially due to a collateral increase) and is producing about $15-18 of BitMoney directly into my wallet, every single day. By the end of the month I will have a least one more masternode if not 2 more, and, no, I will still not sell you any of my BitMoney. You can buy it *or even earn a little for free from the faucet) on the exchange Crex24, here:
https://crex24.com/?refid=4egxi2hdbgs111k275xs

BitMoney's story is inspiring and so I've reached out to Woblit and after showing him my website and blog, I was able to talk him into sitting down with us for an interview. Here are the highlights of our conversation about BitMoney.

Here is what we have all been waiting for, ladies and gentlemen, I introduce to you, the man, the myth and the legend, Warren Bird, aka, Woblit!:

K: Hello, Woblit, thanks for joining us today.

W. Hi, there!

K. The Project Phoenix community takeover is inspiring and something that I feel like a lot of other projects in this space could learn from. With that being said, how did you become the "boss" of BitMoney and what was that process like?

W: The Boss. Well that's an interesting question. Basically, sometimes in
life you are in the right place at the right time to
a.) help others, and b.) make a difference. That's how I see the start of BitMoney. As an
investor in V1, I did what I could to move the community over to the
new project and platform, before coming up with the marketing and
ideas needed to see the project become a success.

K: That is inspiring, indeed. What was your life like before you got involved with BitMoney?

W: I've done many things. I've worked as a business and systems analyst,
worked in the online casino industry, run a record company, and even
been a partner in a media and internet development organisation. I
started developing when I was about 6 years old, and am a lot older
than that now. I think that my varied skills allow me to be quite good
at spotting an opportunity in a market place.

K: Interesting, your past serves you well. Why did you choose the name BitMoney and how did you come up with the name?

W: I didn't - BitMoney is a generic which I like. However, the name originally comes from the V1 project which people were scammed with.

K: Speaking of Bit, What is BitMoney? What coin did it fork from and what algorithm does it use?

W: BitMoney is a Bitcoin based Cryptocurrency which is forked from Pivx /
Dash code. It uses the Xevan algorithm which is different to the algorithms used for Dash and Pivx.

K: Dash and Pivx have both seen a fair amount of success. Especially, Dash. I remember when a masternode was valued at close to a million dollars, USD, during the bull run of last year. How does someone get BitMoney?

W: They can purchase coins to start their BitMoney journey (currently) on Crex and Graviex.

K: We will be sure to give people a link to at least one of those exchanges. I even saw a BitMoney faucet on Crex24 so we'll probably link that one. When is the website going to be released and in the mean time, where can I learn more about your coin?

W: Currently, the best place to learn about the coin is to ask the community on the discord. Other than that, the website will be released shortly when we have a lot of the future project plans in place. No point in releasing something that looks pretty but has no purpose.

K: I can understand that. There are a lot of scams in the crypto world that look very appealing due to a pretty website. Speaking of scams... What happened to the original developer of BitMoney and when/how often do you speak with him?

W: The original developer. Well if you can find him let us know. I didn't speak to him often at all, only ever spoke to him once really -- and that was to tell him that there was an issue in the V1 code.

K: Well at least you're here with us, now! Do you know why the original BitMoney V1 project failed?

W: Because the developer had no plan to release anything with the code. It was a templated site that had no purpose. People got hyped up about nothing.

K: I see, so then, how did you come up with the name, Project Phoenix?

W: Simple - a new resurrected creation rising from the ashes. Thought it was a good idea with BitMoney. But the Phoenix will feature a fair bit in future marketing.

K: The phoenix logo in the BitMoney V2 wallet looks great when compared to other wallets. I understand that you had 11 masternodes for BitMoney running by the time the original developer left the project but what other reasons did you have for getting involved in the way that you did?

W: I often have tried to support smaller projects in the past, as small projects sometimes turn into big ones.

K: It is nice that you got involved and the support that you get from the community is phenomenal. How did you determine what community members would be apart of BitMoney's round table?

W: Based on what they had offered to the takeover project, and what they
could offer in future to the BitMoney project. It consists of a group of people with their ears to the ground helping to direct and shape the future of the coin.

K: You guys are doing good so far. Speaking of good work, congratulations on your partnership with KYD. Are you nervous about attaching your face to a project in such a volatile market?

W: Its not partnership as such. KYD is a verification service that allow
people to certify they are real with a central / third-party group. I'm not worried really, as I have no intention of this project being a failure.

K: As a masternode holder, myself. That is reassuring to hear. When I got into BitMoney, I was under the impression that it was a coin that was building a platform to do crypto-loans. When I actually got into the discord the members were very quick to tell me that BitMoney v2 may not have anything to do with lending? What are some possible usecases for BitMoney?

W: BitMoney V2 is going to focus on bringing cryptocurrency into the real world. We want people to use it, invest it, transfer it, transact it, loan it and earn from it. We also want people to see BitMoney as a source of forward movement in the Cryptosphere. With education and security being quite a big part of the future of the project. But, there will be more which will be announced when the time is right.

K: Adoption is exactly what crypto needs but what makes BitMoney different from the 560 other masternode coins on the market?

W: Don't see BitMoney as a POS/MN coin. That's limiting. That's almost like saying - "What makes Harry different from Gerry who also has a nose and a mouth?". It intends to be a coin that changes the way people think about Crypto. Ultimately.

K: Alright. I don't mean to offend. I am only mean to ask the questions that I feel the average person will want to know the answers to. For example, privacy and anonymity are important to crypto-people and my followers. What is BitMoney's stance on Privacy, Anonymity and KYC regulations?

W: Privacy, Anonymity etc have their place. But there also needs to be view to allow the thriving of a new way of thinking aboutcommerce, transactions and trade - but making sure that this doesn't increase the potential of their being room to defraud people and commit crimes.

K: I can agree to that. Scammers are giving crypto a bad name in a lot of ways and it would be ignorant to think that privacy coins don't make the task of hiding stolen funds, easier. So, then, why should investors pick Bit Money over any other Masternode coin?

Because this, like "some" others will have a future.

K: You mentioned that you had over 60 masternodes when you took over the project, what other masternode projects do you like and why?

W: I have, but my personal investments remain that. I can say that I invested in Savenode, etc. Be interesting to see what happens with that in the future.

K: Fair enough. We can't all be shilling hard like McAfee. Whats in store for the future of blockchain technology and cryptocurrency?

W: I believe its going to become as common place as a credit / debit card. Just part of day-to-day life.

K: What do you want people to think of when they think of BitMoney?

W: A cryptocurrency dedicated to changing the way people access and use Crypto in the real world. Along with a team that is passionate about seeing this industry grow and thrive with security and education.

I will be uploading a video guide on how to get BitMoney, how to set up your masternode, and how to stake your BitMoney so that you are earning a new passive income stream.

It is getting late, now and I need to wrap this little story up but please follow me, upvote my post, and follow me to stay tuned in for more news about BitMoney and other exciting new blockchain projects.

We can thank this little project for helping me find my way back to updating my steemit blog and once again get back to work on making dailycryptonews.org one-stop-shop crypto site on the internet.

BitMoney's Project Phoenix Bitcoin Talk Announcement:
https://bitcointalk.org/index.php?topic=5048071.0

Join dailycrytponews.org's new discord channel:
https://discord.gg/XgnhmqR

Follow me on twitter:
https://twitter.com/kryp70kn1gh7

Read more crypto news stories at:
http://www.dailycryptonews.org

You can contribute directly to funding my content here:
BTC: 1FQ6rJZHToV5ZUPJCxtBHLBjdoTwkXk78g
BitMoney: PGzJj8j7ipJPXgz51itsEsQVdGKScrWuhi
Monero: 43sQaBwmMvreNZArTMVgHkKZ4vgqmioKmCKUkcWpBTNtCPXuafHxVEe3UESyLQaCs83NErZTW2Zj65MzA4qfdTYg674b1jj
ZEC: t1bpF18s3q7hMM9fjWwXbbGKpUj55ocb48Z

 

My original article:

https://steemit.com/bitcoin/@kryp70kn1gh7/bitmoney-a-story-about-a-trip-into-the-heart-of-the-crypto-underground

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How to setup your Paxex masternode for free!

Get a free $100 VPS credit

In light of the scandal regarding Cambridge Analytica and Facebook, more and more people are realizing that the content they put on the internet has value. A LOT of value. Online advertising is going to be a 200 BILLION dollar industry by the year 2019 in the United States alone. 

Shouldn't Facebook be paying us for our content since it makes Mr. Marky Boi Zuckerberg so much money?

Platforms like Paxexlive.com are the future of the internet because more and more people will eventually realize that they do deserve to get something in return for the content they create on the internet.

Paxexlive.com lets the users determine the value of the content posted, not advertisers, or big corperations. On the Paxex platform, users reward each other with upvotes worth 1 Paxex coin each to the content creators.

If we want Paxex to suceed in the world of Facebook and Google then it is up to us to insure that the Paxex blockchain is successful by setting up what is known as a masternode.

Masternodes help keep the blockchain running smoothly and securely. One of the drawbacks to masternodes is that they cost money to run because you either need a computer with a 24/7 high speed internet connection, unlimited bandwidth, and a VPN (Virtual Private Network) connection to keep your IP address and crypto wallet secure. Or you need to pay cash out of pocket for a VPS (Virtual Private Server).

Fortunately, there is a solution for those of us who want to contribute towards the decentralization of the internet by helping to bring back the power to the people.

Digital Ocean is a hosting platform that provides Virtual Private Servers from multiple data centers across the world. Normally the cheapest option runs at $10 a month for a light VPS "droplet" but by taking advantage of the affiliate program you can use my personal link to get a free $100 credit that is good for 2 months. There is also an affiliate program that allows you to the chance to add an extra $25 credit for each person that you get to sign up.

Each VPS can have up to 3 static IP addresses, meaning, you could run 3 different masternodes from 3 different cryptocurrencies on each "Droplet" that you rent. Each droplet can run from $10 to $960 per month depending on your computing needs (lets just say they have something for everyone).

Click here to take advantage of the offer and help Paxex fullfill it's potential:

(https://m.do.co/c/67b15b93ecf0)

Keep reading to learn how to set up your Paxex masternode.

1.) Create your droplet. The $10 option is fine. Don't worry, you will not be billed until your $100 credit is up or your 2 months is up, which ever comes first. Select Unbuntu 16.04 and select what data center location you want to host from.

2.) Once your droplet is created then you can simply head on over to here to finish setting it up!

Thank you for reading!

If you like are interested in things like cryptocurrency, privacy, cybersecurity and hacking then please consider throwing me an upvote and then comment with a link to your cryptastic content so that I may to the same!

Donate to my research and journalism content by donating privately and anonymously using bitcoin, Paxex or zcash, no donation is too small and anything is greatly appreciated!

BTC: 1FQ6rJZHToV5ZUPJCxtBHLBjdoTwkXk78g

PAXEX: PW9B1GnjR1y5kdKj6Xm3KqqqPvfvrADa8z

ZEC: t1bpF18s3q7hMM9fjWwXbbGKpUj55ocb48Z(Get more cryptocurrency related news at dailycryptonews.org)

 

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Moment of Truth for EOS: What’s Next for $4 bln EOSIO Following Launch of v1.0

After a year long initial coin offering (ICO) that raised a record $4 bln, Block.one’s EOSIO has officially been launched.

The project is highly anticipated and the June launch is as close to a moment of truth as you will get in the world of blockchain technology and cryptocurrencies.

Developers can now actively build blockchain-based applications on the platform – which is being aimed at businesses and large scale commercial applications.

However, the launch of v1.0 could be a defining moment for the project that has promised to be able to process millions of transactions per second and eliminate user fees in its technical white paper.

EOS – A brief history of Block.one

EOS is a decentralized blockchain-based operating system that was introduced to the world in 2017. Its developers, Block.one, headed up by CEO Brendan Blumer and chief technical officer Dan Larimer, unveiled EOS at Consensus 2017. 12 months later, the project raised a record-breaking $4 bln.

The EOS operating system promises to allow developers to build decentralized applications - similar to Ethereum - that can be commercially scalable. The software includes “accounts, authentication, databases, asynchronous communication, and the scheduling of applications across many CPU cores or clusters,” according to the white paper.

The EOS token sale started in June 2017 as an Ethereum-based ERC-20 token - but as of June 2, 2018, EOS token holders that had registered for the mandatory token swap would see those ERC-20 tokens converted to EOS tokens on the EOSIO platform.

Holders of these native EOS tokens will be responsible for the management of the ecosystem, by voting for block producers that mine blocks and maintain the network.

Meanwhile users of EOS-based decentralized applications will have access to a certain amount of resources directly proportional to the amount of EOS tokens staked in an application.

EOSIO is maintained by a Delegated Proof of Stake (DPoS) system, originally created by Larimer and still used by Steemit - the blogging platform he created in 2016. Larimer explains the finer details of DPoS in what he dubbed ‘his missing whitepaper’ on the platform.

In layman's terms, a DPoS system looks to answer some shortcomings of both Proof of Work and Proof of Stake consensus mechanisms.

The EOS DPoS system allows users to vote for block producers - who are rewarded tokens for validating transactions and maintaining the blockchain. These block producers are constantly evaluated by the community and will be ‘fired’ if they underperform - i.e. fail to validate transactions and create blocks.

According to the Ledger Intel Dossier on EOS, Steemit’s DPoS currently handles thousands of transactions per second - which does bode well for EOSIO.

This is why the launch of the EOSIO is a moment of truth - the cryptocurrency community finally has a chance to use a platform where it can handle potentially millions of transactions per second.

Now that the ICO is over, and EOSIO has been launched, there are a number of things to consider in the coming weeks and months.

Token swap

First and foremost, users that participated in the EOS Ethereum-based token sale need to participate in a token swap.

The conversion of their ERC-20 based tokens to EOS.IO tokens required users to register before June 2. If they failed to do that, their ERC-20 EOS tokens would not be attributed to the EOS main net.

This essentially means that any users that did not register for the token swap will see their ERC-20 EOS tokens become non-transferable - rendering them useless.  

Furthermore, the token swap is considered to be a critical component of the EOS ecosystem. Community participation is crucial for the DPoS system to work and ensure the voting of block creators and their constant evaluation.

From beta to launch

Like many blockchain projects, the promises of a white paper paint a pretty picture, but the finished product is what matters.

The year long ICO provided a massive amount of funding for the project and a number of beta versions of the EOSIO have been released during that time, under the project name ‘Dawn’. The latest beta, v4.0, was released in May 2018.

According to EOS’ Github page, there are 620 issues still open on the project, while over 1400 have been resolved during the development phase.

Nevertheless EOSIO v1.0 is officially out and there is sure to be plenty of feedback once more developers start using the platform. With that being said, a number of projects are already being worked on.

According to EOSindex, which tracks that number of blockchain decentralized applications based on EOS, there are over 140 projects being actively developed. One of the most well-known is Everipedia -  an online encyclopedia based on the EOS blockchain that will reward content creators with native tokens.

The Everipedia project attracted the co-founder of Wikipedia, Larry Sanger, back in 2017, who joined the team as its chief information officer. Sanger made the move to combat the control and  centralization of information, which he believes Wikipedia has now become:

"The biggest problem with online information today is that it is centralized and controlled by a very few players, that it benefits to have the most salacious and hype-ridden information. We can do much better."

It must be mentioned that Everipedia is planning an airdrop of its token to any holders of EOS, as reported by Fortune.

$50 mln raised to fund ecosystem development

While the project itself raised more than $4 bln during its year long token sale, Block.one have also managed to secure $50 mln of funding from blockchain investment firm SVK Crypto.

The London based investment firm will invest in companies building decentralized applications on EOSIO - with a particular focus on social media, data ownership, tech platforms and logistics.

Block.one’s EOC VC is a funding program that looks to provide developers and businesses with funding for projects using the EOSIO. The program has pledged to raise over $1 bln for funding EOSIO projects in future.

This includes the $325 mln EOSIO Ecosystem Fund with Mike Novogratz’s Galaxy Digital LP.

Ethereum’s new rival?

EOSIO will be keenly watched in the coming months as it provides a fresh blockchain platform for the development of DApps - which is in direct competition to Ethereum.

If the EOS token swap goes according to plan, the EOSIO ecosystem should begin to function as planned. This could well signal the arrival of next big smart contract DApp platform.

Ethereum founder Vitalik Buterin and EOS CTO Dan Larimer have had some philosophical debates on both Steemit and Reddit about the pros and cons of Proof-of-Stake vs Delegated Proof-of-Stake.

In a reddit thread, Buterin explained his misgivings of Larimer’s DPoS protocol, highlighting concerns of voter participation and the mechanics of fee-less system.

Buterin believes low voter participation, exchange voting on coin holders behalf and a discrepancy between coin holders and users interests could be major stumbling blocks:

“To try to ensure decentralization, DPOS allows all coin holders to vote on who the nodes running the consortium chain are. This, together with the lack of in-protocol economic incentives for these master nodes to behave correctly, and the lack of client-side validation capability, mean that there is an extreme reliance on the voting mechanism.”

Furthermore, Buterin believes the voting system is open to manipulation:

“There is also one other substantial concern with voting: in order to win votes, any delegate would need to have a visible public identity; anonymous delegating would be very difficult to sustain in the long term. This makes the entire system substantially more vulnerable to political attacks.”

Larimer hit back on Steemit, countering Buterin’s claims while providing what he describes as points that debunk Ethereum’s proposed Proof-of-Stake algorithm, Casper. Larimer believes that the Casper PoS “encourages collusion and cooperation rather than competition”.

The EOS CTO also addressed Buterin’s critique of low voter participation and the potential for collusion of voters for an attacker to acquire stake.

“Low voter participation has been addressed over the past 3 years through a combination of voting proxies, easier user interfaces, and a reduction on the number of things people have to vote for.

“Furthermore, non-voters do not make things less secure. They keep tokens off the market which still makes it more expensive for an attacker to acquire stake. Large stakeholders have a huge incentive to vote to protect their wealth and an attacker would have to acquire more stake than the largest whales in the system.”

Larimer also stands by EOS’ fee-less system, which requires DApps to cover network costs:

“Lastly EOS is designed around the idea that service providers (DApp Developers) should cover network costs, not the users. A good application needs a monetization strategy that is fully independent of network operation.

“The existence of Steem is all the proof we need to demonstrate the value of "free" transactions and how we solve the issues with users needing stake.”

While their back-and-forth, academic style feud has been interesting, it does show the stark differences between the technology underpinning the two contrasting platforms.

Nevertheless, with an enormous amount of capital raised, Block.one should be able to ensure the continual improvement of EOSIO in the coming years. Whether or not it becomes a rival to Ethereum remains to be seen.

As was the case with Ethereum, the development of popular decentralized applications will no doubt prove the usefulness of EOSIO and drive its adoption in the future.

First things first - a successful token swap is required to ensure that EOS tokens are registered on the EOSIO so that voters can actively participate in selecting block producers that will validate transactions and maintain the ecosystem.

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The Rise of Masternodes Might Soon be Followed by the Creation of Servicenodes

Dash’s earliest innovation was the creation of a two-tier network. The first tier consists of miners and ordinary users, while the second tier is comprised of masternodes. These special nodes provide advanced services to the network.

Several currencies followed in Dash’s footsteps by creating their own two-tier networks. Among these are PIVX, Crown, ExclusiveCoin, and Helium, making masternode-based coins one of the latest trends in the Cryptosphere.

But what is so special about masternodes? Why all the buzz? The first order of business is to break things down and determine exactly what masternodes are and what they do.

What is a masternode and what does it do?

Masternodes are a type of full node that offers various services to the network and are compensated by the network for these functions. Like all full nodes, masternodes host an entire copy of the Blockchain.  However, masternodes differ from ordinary full nodes in a few important ways.

These special nodes get compensated by sharing in the block reward because they provide special services to the network. Additionally, masternodes require a certain number of coins as collateral. Finally, masternodes perform advanced functions for the network beyond the mere sending of transactions. Three of Dash’s distinguishing features, InstantSend, PrivateSend and Decentralized Governance by Blockchain (DGBB) are all powered by masternodes.

Operating a masternode

To operate a masternode, users must hold a certain number of coins as collateral. With Dash, the required collateral is 1,000 DASH, but this number differs with each currency. The collateral is required to prevent Sybil attacks on the network, whereby an attacker could create numerous masternodes and interfere with network operations. With Dash, this collateral can be moved or spent at any time. It is not “locked,” although moving or spending the collateral will result in the associated masternode going offline.

Users must also host their masternode on hardware that meets certain minimum requirements for CPU, RAM, disc space and networking. Masternodes are typically hosted on virtual private servers (VPS) by providers such as Digital Ocean or Vultr.

Return on investment (ROI)

As previously mentioned, masternodes are compensated for their services via the network.  For example, with Dash and Crown, the mining reward is split so that 45 percent of the mining reward goes to masternodes, 10 percent goes to a development fund and 45 percent to the miner who found the block.  

Dash pays masternodes based on a deterministic schedule so that each node is paid in a round-robin fashion until all nodes have been paid. However, Dash does add a small bit of variance so the system cannot be gamed. There is a very small chance that a masternode can be skipped or double paid in a cycle. Other currencies handle masternode selection and payment differently.

Dash’s current annual return on investment is about 8.3 percent, while other projects provide an ROI as high as 20 percent. Of course, investors are also expecting their underlying collateral value to increase with time, making these projects a win-win. For example, in a few months, Crown’s market capitalization ballooned from under $200,000 to over $15 mln. What was the change that prompted this massive growth? The addition of masternodes.

What’s Next?

Co-founder of Blockchain TV and Crypto Consultant, Jason Cassidy tells Cointelegraph that just as masternodes improved Blockchain tech in several ways, a new innovation may be upon us in the near future, the servicenode.

Cassidy talks about a project that targets real businesses and generates intrinsic value to the Blockchain:

“Servicenodes will offer BaaS (Blockchain as a service) to enterprise businesses. The use cases for Blockchain vary from business to business but often can offer a secure and more effective way of sharing information across large-scale businesses.  Servicenodes will help these businesses run private Blockchains by increasing the decentralization of the network and thereby creating a more robust and stable network.”

This new development is powered by the Helium project and is set to be made public in the coming weeks.

How will servicenodes work?

Cassidy explains that servicenodes will require a yet-to-be-disclosed amount of collateral and will operate similarly to the Uber model by including an individual rating system.  Servicenode operators seeking to host Blockchains for enterprise businesses will have to be vetted for security, confirmed to meet hardware requirements and possibly be required to contract for a minimum length of service to ensure these nodes stay online in perpetuity.  

Servicenode providers will compete with each other to provide BaaS at a competitive price.  Businesses who engage with the servicenodes will pay them directly, with a portion of that payment distributed across the Helium network.  This system is ultimately designed to support miners after the last Helium blocks have been extracted and the reward drops to zero. In this sense, servicenodes are acting as a support mechanism to the entire network, ensuring greater security and longevity.

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PAXEX Coin - Poll, Voting API Coin | POS | Masternodes

PAXEX coin is voting coin built for forums, bloggers and website owner. Create polls, voting on your website and have your users send PAXEX straight from their wallet on your website through our API and earn PAXEX coins.
With a state of the art platform and admin panel, anyone can create polls, voting on their website without any programming experience.

 

 

What problems is PAXEX solving?

Polls and opinion polls, voting are done daily without the forum owner, blogger earning from it. Now PAXEX comes with the ability to earn money for anyone who has a passion for managing online forum, blogs etc.
You can link your website to the PAXEX platform, create polls, voting etc on your website and your users can only participate by sending fix amount of PAXEX coins to vote. All earning goes straight to the admin.
Perfect for large forums, election survey on website, sport voting. The possibilty is unlimited.

 

 

Development Team

We are currently 5 working on the PAXEX coin. We are active on discord and social media

 

FEATURES
Coin Ticker: PAXEX
Block Time: 1 min
Masternode Collateral: 5000 PAXEX
Total Supply: 100,000,000
Premine: 1,500,000
Staking Time: 24 hours

 

 

Exchange Listing

We are currently in advanced discussion with several exchanges and in the coming weeks will have an announcement to that effect

 

MAC WALLET

 

WINDOWS WALLET

 

LINUX WALLET

 

 

EXCHANGE FEATURES

 

 

The block rewards distribution as follows:
80% Masternodes
20% POS Rewards

The core team is committed to the PAXEX Project and ensuring that its use case is successfully implemented and that all holders of PAXEX Coin are rewarded.

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PAXEX (PAXEX) MASTERNODE

Links

Announcement
Github
Website

Discord

Explorer

Buy:
CryptoBridge
Graviex.net
Crex24


 

BetweenBlocks.org
Join the masternode discussion

 

masternode.buzz
The latest Masternode news, analysis & in-depth interviews

 

Coinlib.io
Cryptocurrency prices now

 

Back to homepage

 

Daily income

$1.7446
0.00027582 BTC
83.8359 PAXEX

Weekly income

$12.2124
0.00193074 BTC
586.8513 PAXEX

Monthly income

$52.3388
0.00827460 BTC
2,515.0770 PAXEX

Yearly income

$636.7882
0.10067434 BTC
30,600.1035 PAXEX

Masternode.Buzz


 

PAXEX PRICE STATS

Price Volume Marketcap Change
$0.020810 $579.60 $220,241.00 1.99%
0.00000329 BTC 0.09 BTC 35.00 BTC  

 

PAXEX MASTERNODE STATS

based on actual data over the past 24 hours

ROI (annual): 612.00% / 60 days
Paid rewards for masternodes: 91,968.0000 PAXEX
AVG masternode reward frequency: 18h 19m 17s
Active masternodes: 1,097
Supply: 10,583,358 PAXEX
Coins locked: 5,485,000 PAXEX (51.83%)
Required coins for masternode: 5,000 PAXEX
Masternode worth: $104.05 / 0.01645 BTC

 

GRAPH

 

 

PAXEX BLOCKCHAIN STATS

based on actual data over the past 24 hours

Blocks: 1,437
AVG block time: 1m
Genesis block: 95d 17h 24m 43s ago / Jun 07 2018 17:22:05

 

Last price and masternodes count update: 2m 59s ago
Last PAXEX block 113,748 generated: 1s ago

ROI is calculated based on actual rewards for each block for the last 24 hours.

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Renos (RNS) Market Capitalization Hits $226,490 as Price Drops to $0.00679: Down -3.71 Percent on Major Exchanges in the Last 24 Hours

Renos (RNS) traded down -3.71 percent with US dollar in the last 24 hours time period closing 21:00 on September 4th EST. Renos at this moment has a total marketcap of $226,490 and its twenty four hour trading volume is approximately $131. Over the last seven days, Renos is -45.15 percent against the US dollar together with a movement of 0.30 percent inside the past 60 minutes.

Now let’s take look at how other currencies have performed in the last 24 hours:

  • Ether Zero (ETZ) is trading at $0.10 against the dollar, a -0.49 percent change since this time yesterday. The Bitcoin price for ETZ is currently 0.00001288 BTC.
  • Nimiq Exchange Token (NET) is trading at $0.20against the dollar, a 1.29 percent change since this time yesterday. The Bitcoin price for NET is currently 0.00002766 BTC.
  • WeToken (WT) is trading at $0.00 against the dollar, a-8.19 percent change since this time yesterday. The Bitcoin price for WT is currently 0.00000066 BTC.
  • Bitcore (BTX) is trading at $1.11 against the dollar, a2.29 percent change since this time yesterday. The Bitcoin price for BTX is currently 0.00015059 BTC.
  • U Network (UUU) is trading at $0.00 against the dollar, a 3.94 percent change since this time yesterday. The Bitcoin price for UUU is currently 0.00000013 BTC.
  • Marscoin (MARS) is trading at $0.00 against the dollar, a -5.59 percent change since this time yesterday. The Bitcoin price for MARS is currently 0.00000067 BTC.
  • Lightpaycoin (LPC) is trading at $4.98 against the dollar, a -4.20 percent change since this time yesterday. The Bitcoin price for LPC is currently 0.00067438 BTC.
  • MACRON (MCRN) is trading at $0.00 against the dollar, a 0.16 percent change since this time yesterday. The Bitcoin price for MCRN is currently 0.00000002 BTC.

Renos Knowledge

Renos has a total supply of exactly 33,356,077 coins. It launched on 1st March, 2017.

Cited from cryptocompare: “RenosCoin is a Proof of Stake cryptocurrency created to have a strong online community.Click here for Masternode stats from masternodes.online.”

Listed here are a few good links if you choose to read more concerning Renos:

RNS: Info for Traders

Traders can purchase RNS on trading exchanges such as Cryptopia,

It’s not necessarily always viable to buy currencies including Renos instantly using USD. Traders hoping to purchase RNS may possibly need to first buy Bitcoin or ETH from an market place that has US dollar trading pairs such as Coinbase as well as GDAX. Investors will then use this BTC or Ethereum to purchase Renos using one of the trading exchanges we outlined previously.

 

http://www.economicsgazette.com/renos-rns-market-capitalization-hits-226490-as-price-drops-to-0-00679-down-3-71-percent-on-major-exchanges-in-the-last-24-hours.html

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Bitcloud (BTDX) 24 Hour Volume Reaches $393 as Price Rises to $0.01837

Bitcloud (BTDX) traded up 22.65 percent to US dollar during the last day time period closing 21:30 on September 4th EST. Bitcloud at this moment has a total market capitalization of $460,293 and its 24 hour trading volume is approximately $393. Within the period covering seven days, Bitcloud is 79.97 percent against the US dollar with a move of 0.17 percent in the last 60 minutes.

Let’s take a look at how other similar cryptocurrencies have faired since this time yesterday:

  • ChessCoin (CHESS) is currently trading at $0.00against the dollar, a -15.92 percent change in the last 24 hours. The Bitcoin price of CHESS is at 0.00000032 BTC.
  • SwissBorg (CHSB) is currently trading at $0.01against the dollar, a -2.33 percent change in the last 24 hours. The Bitcoin price of CHSB is at 0.00000126 BTC.
  • TraDove B2BCoin (BBC) is currently trading at $0.01against the dollar, a -5.62 percent change in the last 24 hours. The Bitcoin price of BBC is at 0.00000180 BTC.
  • DasCoin (DASC) is currently trading at $0.06 against the dollar, a -2.36 percent change in the last 24 hours. The Bitcoin price of DASC is at 0.00000814 BTC.

Bitcloud Data

Bitcloud has a maximum supply of exactly 25,057,309 coins. It was launched on 15th August, 2017.

Quoted from CryptoCompare: “Bitcloud 2.0 is a PoW/PoS cryptocurrency based on the Quark algorithm. BTDX features a second layer network of masternodes.Click here for Masternode stats from masternodes.online.”

Here’s some handy links in case you would like to gather more information concerning Bitcloud:

BTDX: Trading Info

Anyone can obtain BTDX on exchanges including Cryptopia,

It’s not necessarily always viable to buy cryptocurrency including Bitcloud instantly using US dollars. Traders aiming to get BTDX could possibly need to first of all get Bitcoin or Ethereum using an exchange which provides American dollar trading pairs for example, Coinbase and GDAX. Investors can then use this Bitcoin or ETH to invest in Bitcloud using one of the exchanges we detailed previously.

 

http://www.economicsgazette.com/bitcloud-btdx-24-hour-volume-reaches-393-as-price-rises-to-0-01837.html

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How to setup PAXEX masternode.

Paxex-Masternode-Guide

System requirements - USE AN UBUNTU LINUX 16.04 VPS for best results

The VPS you plan to install your masternode on needs to have at least 1GB of RAM and 10GB of free disk space. We do not recommend using servers who do not meet those criteria, and your masternode will not be stable. We also recommend you do not use elastic cloud services like AWS or Google Cloud for your masternode - to use your node with such a service would require some networking knowledge and manual configuration.

Funding your Masternode

  • First, we will do the initial collateral TX and send exactly 50,000 PAXEX to one of our addresses. To keep things sorted in case we setup more masternodes we will label the addresses we use.

    • Open your PAXEX wallet and switch to the "Receive" tab.

    • Click into the label field and create a label, I will use "MN1"

    • Now click on "Request payment"

    • The generated address will now be labelled as MN1 If you want to setup more masternodes just repeat the steps so you end up with several addresses for the total number of nodes you wish to setup. Example: For 10 nodes you will need 10 addresses, label them all.

    • Once all addresses are created send 50,000 PAXEX each to them. Ensure that you send exactly 50,000 PAXEX and do it in a single transaction. You can double check where the coins are coming from by checking it via coin control usually, that's not an issue.

  • As soon as all 50K transactions are done, we will wait for 15 confirmations. You can check this in your wallet or use the explorer. It should take around 30 minutes if all transaction have 15 confirmations

Installation & Setting up your Server

Generate your Masternode Private Key

In your wallet, open Tools -> Debug console and run the following command to get your masternode key:

masternode genkey

Please note: If you plan to set up more than one masternode, you need to create a key with the above command for each one.

Run this command to get your output information:

masternode outputs

Copy both the key and output information to a text file.

Close your wallet and open the Paxex Appdata folder. Its location depends on your OS.

  • Windows: Press Windows+R and write %appdata% - there, open the folder Paxex.
  • macOS: Press Command+Space to open Spotlight, write ~/Library/Application Support/Paxex and press Enter.
  • Linux: Open ~/.paxex/

In your appdata folder, open masternode.conf with a text editor and add a new line in this format to the bottom of the file:

masternodename ipaddress:5555 genkey collateralTxID outputID

An example would be

mn1 127.0.0.2:5555 93HaYBVUCYjEMeeH1Y4sBGLALQZE1Yc1K64xiqgX37tGBDQL8Xg 2bcd3c84c84f87eaa86e4e56834c92927a07f9e18718810b92e0d0324456a67c 0

masternodename is a name you choose, ipaddress is the public IP of your VPS, masternodeprivatekey is the output from masternode genkey, and collateralTxID & outputID come from masternode outputs. Please note that masternodenamemust not contain any spaces, and should not contain any special characters.

Restart and unlock your wallet.

SSH (Putty on Windows, Terminal.app on macOS) to your VPS, login as root (Please note: It's normal that you don't see your password after typing or pasting it) and run the following command:

bash <( curl https://raw.githubusercontent.com/paxexcrypto/Paxex-MN-Install/master/install.sh )

When the script asks, confirm your VPS IP Address and paste your masternode key (You can copy your key and paste into the VPS if connected with Putty by right clicking)

The installer will then present you with a few options.

PLEASE NOTE: Do not choose the advanced installation option unless you have experience with Linux and know what you are doing - if you do and something goes wrong, the Paxex team CANNOT help you, and you will have to restart the installation.

Follow the instructions on screen.

After the basic installation is done, the wallet will sync. You will see the following message:

Your masternode is syncing. Please wait for this process to finish.
This can take up to a few hours. Do not close this window.

Once you see "Masternode setup completed." on screen, you are done.

To check your masternode status on your VPS, navigate to /usr/local/bin (this is where the script moves files)

cd /usr/local/bin
./paxex-cli masternode status

For Windows setups, use this config in your masternode.conf or paxex.conf (depending on if you are using a VPS or local wallet)

rpcuser=<RANDOMUSERNAME>
rpcpassword=<RANDOMPASSWORD>
rpcallowip=127.0.0.1
listen=1
server=1
daemon=1
logtimestamps=1
maxconnections=256
externalip=<IPADDRESS>
masternodeaddr=<IPADDRESS>:5555
masternodeprivkey=<MASTERNODE GENKEY>
masternode=1

Non-interactive installation

You can use the installer in a non-interactive mode by using command line arguments - for example, if you want to automate the installation. This requires that you download the installer and run it locally. Here are the arguments you can pass to install.sh:

-n --normal               : Run installer in normal mode
-a --advanced             : Run installer in advanced mode
-i --externalip <address> : Public IP address of VPS
-k --privatekey <key>     : Private key to use
-f --fail2ban             : Install Fail2Ban
--no-fail2ban             : Don't install Fail2Ban
-u --ufw                  : Install UFW
--no-ufw                  : Don't install UFW
-b --bootstrap            : Sync node using Bootstrap
--no-bootstrap            : Don't use Bootstrap
-h --help                 : Display this help text.
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Paxexcoin

It is my hopeful thought that PAXEXCOIN will be one of the best coins ever existed. 

Allah guides us

Allah rules us

Allah leads us

 

Long#live#paxexcoin#

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EPIC COIN - ANNOUNCEMENT - WESTERN UNION ADDED AS A PAYMENT METHOD

We have added Western Union as a payment method on our EPICtrader P2P platform CRYPTO > FIAT = Easily!

Check it out here - https://www.epictrader.io

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EPIC COIN - 85% MN Rewards with a REAL working P2P Crypto to FIAT platform - KYD Approved and ready to MOON!

From the very beginning, the main idea behind the EPIC Coin project was to launch a peer to peer trading platform that could rival the LocalBitcoins peer to peer platform, and also to launch a masternode coin that would be called EPIC. After the p2p platform release, the next planned project is to build an ecommerce website. The most important part behind this would be the community of EPIC, believing that the community is the backbone to the project's success. EPIC Coin is a masternode coin that is also proof of stake. With 85% masternode rewards and 15% staking rewards per block, EPIC provides some solid residual income. With a 60 second block time, EPIC sends and receives are quick, and coin maturity time for staking is just 1 hour. The EPIC peer to peer platform, EpicTrader, was launched on July 31st, 2018. On this platform, users can easily trade their crypto for fiat, or fiat for crypto. To start out, Bitcoin and Ethereum are able to be traded for fiat. Payment methods that are currently available are bank transfers, Wechat Pay, Alipay, Paypal, and Western Union. More payment methods will be added, as will other coins that will be available for trading. EPIC will be the next coin listed on the platform, and will be able to be used to reduce the fees on the platform by 50%. Each successful trade is subject to a 1% fee.

Being an EPIC masternode owner has its benefits. The 85% block rewards gives a nice residual income. EPIC masternode owners will receive a slice of the profits generated by the EpicTrader platform, half of the 1% trading fee. This profit sharing will be done on a quarterly basis. The other half of the profits generated by the platform will be used for further development, maintenance, updates, server fees, and support. These will be used solely for the continuation of the EpicTrader platform.. EPIC has a strong team of hard working individuals put together to keep the project moving forward. The EPIC community will be asked frequently to vote on its team members, to ensure that the community is happy with their performance. The EPIC team consists of community members that have continually proven their worth to the project. We on the EPIC team rely on our community to be our backbone. We strongly believe our community is what truly brings the project together and what will make it a success.

EPIC is a decentralized 100% community oriented cryptocurrency. EPIC is designed to be sustainable, with realistic returns on investments for our community with our approach on the proof-of-stake and masternode consensus. In order to solve one of cryptocurrencies largest problems, real world integration, we are utilizing peer-to-peer transaction capabilities on our EPICTRADER.io P2P Platform - CRYPTO > FIAT = Easily, and creating an EPIC E commerce Marketplace.

WHY INVEST IN EPIC COIN?
- The EPICtrader.io platform is a P2P Platform with a secure 3rd party ESCROW service built into the platform where you can trade CRYPTO > FIAT but you can choose the FIAT you want to be paid in! Think of Localbitcoins but better!
- MN HODLERS get 50% of the generated platform fees as a bonus it will be distributed between ALL MN HODLERS at the end of each QUARTER these bonuses will be distributed in the form of $EPIC coins to the MN HODLERS
- Solid Team Delivers On time every time!
- Solid Community 100% focused and the backbone of the project!
- Massive partnerships coming soon!
- Listed on CoinmarketCal 
- Very small premine of 1% 

EPIC Youtube review - https://youtu.be/jlTPSlfrzqI
EPIC Youtube News update - https://youtu.be/_CNc6-aVQhw

COIN SPECS
Coin Name: EPIC (ticker: EPIC)
Algorithm: EPIC Protocol
Total Supply: 50,000,000 EPIC
Premine: 1% (500,000 EPIC)
Masternode requirement: 10,000 EPIC per Masternode
Block time: 60 seconds
Block rewards: 20 EPIC (reducing by 10% each year)
Block split: 85% Masternode / 15% POS 
Confirmations needed for staking/TX: 101
Coin Maturity: 1 hour
Port: 21500 or 20500

OFFICIAL WEBSITES 
EPIC Coin Website - https://epic-coin.io/ 
Epictrader P2P Platform - https://epictrader.io

OFFICIAL EXCHANGES
CryptoBridge - https://wallet.crypto-bridge.org/market/BRIDGE.EPIC_BRIDGE.BTC
Crex24 - https://crex24.com/exchange/EPIC-BTC

OFFICIAL COINMARKETCAL NEWS
https://coinmarketcal.com/coin/epic-coin

OFFICIAL MASTERNODE INSTALLATION GUIDE  
http://tiny.cc/EPIC-MN-GUIDE

OFFICIAL EPIC COIN WALLETS
Windows 32 Bit - https://github.com/epiccoinio/Epic/releases/download/v1.0.1/Epic-1.0.0-win32.zip
Windows 64 Bit - https://github.com/epiccoinio/Epic/releases/download/v1.0.1/Epic-1.0.0-win64.zip
Mac - https://github.com/epiccoinio/Epic/releases/download/v1.0.1/Epic-1.0.0-MacOS_HighSierra.dmg
Linux - https://github.com/epiccoinio/Epic/releases/download/v1.0.1/Epic-1.0.0-x86_64-linux-gnu.tar.gz

OFFICIAL WHITEPAPER
https://epic-coin.io/epic_coin_whitepaper.pdf

OFFICIAL GITHUB
https://github.com/EpicCoinDev/Epic/releases/tag/v1.0.0.1

OFFICIAL BLOCK EXPLORER
http://explorer.epic-coin.io/

OFFICIAL BITCOINTALK THREAD
https://bitcointalk.org/index.php?topic=4292437

OFFICIAL TWITTER
https://twitter.com/theEpicCoin

OFFICIAL TELEGRAM
https://t.me/joinchat/GyuNHlHKRZOhNFQhesCVjg

OFFICIAL TELEGRAM ADMINS (We will not PM you, however you can PM us)
@cryptolovett - @thecryptomeriff - @cryptonemesis

OFFICIAL TELEGRAM ANNOUNCEMENTS
https://t.me/EPICannouncements

OFFICIAL DISCORD
https://discord.gg/hKcEDms

OFFICIAL FACEBOOK
https://www.facebook.com/EpicCoinOfficial/

MASTERNODE STATISTICS SITES
MNCN - https://mncn.online/coins/EPIC
Masternodes online - https://masternodes.online/currencies/EPIC/

EPIC COIN PRICE CHARTS 
Livecoinwatch- https://www.livecoinwatch.com/price/EPIC-EPIC

COIN TRACKING APPS
Delta
Blockfolio


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