How to Set up a Vidulum Masternode with Pecunia’s Masternode Hosting Service
There are many Masternode hosting services, Pecunia is the Masternode hosting site I will use in this article. Pecunia’s price for hosting is only .99 cents a month but has some unique steps, different from building a self-hosted Vidulum Masternode. You will first need Vidulum’s desktop wallet, also known as a control wallet, and 15, 000 VDL coins as “collateral”. It doesn’t matter whether coins are mined or purchased on an exchange but you will need to send them in a single transaction to the wallet that will support the Masternode.
What you need to get started
- A Control Wallet (The Vidulum Desktop Wallet)
- 15,000 VDL Coins
- A funded account on the Pecunia Platform
Control Wallet (Vidulum Desktop Wallet)
Download and install the desktop wallet, which can be found on the Vidulum Homepage.. The wallet may take several minutes or longer to install depending on your internet speed. It is important that you do not close the wallet before you see the full dashboard load otherwise it can fail to load on next launch. After the Desktop Wallet is installed, the Vidulum blockchain will begin syncing. If you are having issues you can use a bootstrap of the blockchain to speed things up. Just follow the instruction included in the link.
Vidulum Masternode Collateral
The Collateral for setting up a Vidulum Masternode is 15,000 VDL. If you already have 15,000 VDL coins, but they are in multiple wallets, you will have to consolidate these into a single transaction. You can do this by sending the VDL coin to a single wallet address, which can be the address you wish to use for setting up the Masternode.
As an aside, if your 15,000 VDL coins is from many transactions from activities such as mining or v-staking, you may run into the error, “To Many Inputs”. In this case you will have to consolidate the VDL so that you can form a single transaction.
What does “To Many Inputs” Mean?
Every transaction a wallet receives is an input, each input carries with it a file size. A transaction itself has a limit to its size and is made up of these inputs. For example, let’s say 1kb and that a single transaction has a maximum size of 100kb, you will only be able to generate a transaction of 100 inputs in this example. To consolidate this VDL, you will make several smaller transactions to yourself to reduce the number of inputs until you can send the whole amount in a single transaction. The object is to combine all those hundreds of micro transactions (inputs) into a single transaction.
Where do I send the 15,000 VDL
Once you have your 15,000 coins, you need to send them to a transparent address. Please note, you will need to compensate for the network transaction fee of 0.0001. The Vidulum Desktop wallet will add the fee from the remaining balance, from which you are sending. The critical thing to note here is that the transparent Masternode address needs to receive exactly 15,000 coins in one transaction to be used as collateral for your Masternode.
Creating an Account on the Pecunia Platform
Now that you have 15,000 VDL coins sent in a single transaction to your Masternode wallet, you can go over to Pecunia, create an account, and start setting up your Masternode.
After signing in you will have to pay up front for the service. Pecunia excepts 20 different coins most notably Bitcoin and Ethereum. I used Ethereum and loaded 30 dollars’ worth into my newly created account. It may take some time for the transaction to confirm. They also support Paypal.
Setting Up a VDL Masternode on Pecunia Platform
Once the funds arrived on Pecunia, the balance will be displayed in the upper right corner of the page. From here, select the dashboard icon on the left sidebar, and then click the add button on the bottom right of your screen. Enter “Vidulum”, and select your plan.
As we have already created our address with exactly 15,000 VDL we can ignore the on screen prompts of this next step and select continue.
Next you will be asked for the Transaction ID of the 15,000 VDL Masternode collateral.
Open the transactions tab in your Vidulum Desktop Wallet. Find the 15000 transaction and select it to go to the Vidulum Explorer where you will be able to copy the Transaction ID from.
Paste the Transaction ID into Pecunia’s form shown below and continue.
You will be asked to review your order. Select Create!
Your Masternode is being created, this can take some time.
When your node has been created you will have a notification in the upper right corner of the web page notifying you the node was successfully created. In the billing tab select the link next to Vidulum, this will take you to the node page with Overview, Configuration and Billing tabs.
Select the Configuration tab, we will use the information here to sync your node with your Vidulum desktop wallet.
On your PC open C:\users\USERNAME\AppData\roaming\Vidulum
Where it says “USERNAME” substitute with yours, it is different on all PCs.
Find the Masternode.conf file, right click to edit it.
Copy and paste the code from Pecunia’s Masternode configuration, step 2, into the file you have open for editing.
Save and close the Masternode.conf file. Close and restart your wallet.
Your wallet will recognize the Masternode. It takes several hours for payouts start appearing in your new address.
We have a couple more steps to go. At this point your Masternode is synced up with your wallet. The next directions given by Pecunia is to start Masternode. You can use the Graphic User Interface for this by navigating to the Masternode page of the Vidulum Desktop Wallet, entering your Masternode Label as you copied from Pecunia and entering it into the field, then selecting, “start alias”
You can also follow Pecunia’s instructions and start your Masternode from the console in the Vidulum Desktop Wallet. To do so, navigate to the Console page of the Vidulum Desktop Wallet and enter “startalias < MasternodeLabel > where Masternode label is the alias label you used to name your Masternode in the Masternode.conf file.
That is all there is to it. These instructions seem long but you will wait longer for your payment confirmation than anything else and most of its pretty intuitive once you get into the right screens. One last thing you can do is go over to your Vidulum web wallet and set up your Masternode Monitor on the Vidulum App.
Go to Masternode Monitor page and enter Masternode Wallet Address and a Masternode Label of your choice.
If you have any questions, updates or corrections you can always find me, dark_dleggs, or any of the Vidulum team on discord. We are always there to help.