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RE: Launching a ChainCoin masternode- made easy

in #cryptocurrency7 years ago (edited)

Hello,

thanks for your guide!
I just started to set up a masternode and have a few questions....
(I have used the video guide for a Masternode on Linux at Vultr.com plus the PDF guide from http://www.chaincoin.org/how-to-set-up-masternodes/ for it.)

General stuff:

  1. Is there somewhere a ChainCoin forum or mailing list, where you can find/share help?
    Couldn't find anything like that so far, just few single threads in different forums.
    ...And chaincointeam.slack.com, but that's just a single chat stream, not structured or usable to look up previous issues.

  2. Is there a FAQ or knowledgebase about ChainCoin and CHC-masternodes somewhere?

  3. How do you withdraw chaincoins from a paper wallet / private key?
    Usually you can use the currency's desktop or mobile wallet app of this.
    But chaincoin doesn't have a mobile wallet app and the desktop wallet doesn't offer a private key input, not even for the key text code.

Masternode related:

  1. I've got the masternode setup until the step, where you have to transfer the 1000 coins to it.
    This seems bit scary to me, because (from my experience with other linux server software) there are chances that something maybe won't work.
    If I realize, that the server (or some functions of it) is not working and I maybe have to repeat the whole installation, is there any chance to get back the 1000 coins from the server without relying on a working server software?

  2. The command "chaincoind masternode genkey" creates the masternode wallet private key, which you can use to withdraw the 1000 coins deposit away from the masternode wallet?
    This is quite confusing to me, because the command "chaincoind getaccountaddress 0" to get a public key is used before generating the private key.
    In my understanding you first need to generate a private key, and then you can derive public keys out of it, not the other way around.
    What's wrong with my understanding, or is the mentioned private key not really the wallet key?

  3. If the mentioned private key, which is stored at "masternodeprivkey" in ~/.chaincoin/chaincoin.conf is actually the wallet private key, then a hacker could withdraw the deposit if he gets access to chaincoin.conf (on the server or in a backup elsewhere)?
    There is not an additional precaution for extra protection, e.g. encryption of the key or file?

  4. Are there any other files, which need special protection, especially as part of a backup?

  5. The PDF Guide says: "You MUST backup your wallet.dat regularly! Make a plan to back it up to your computer or somewhere secure outside of Vultr.com".
    In my understanding there shouldn't be any data which is changing by the time and can't be reconstructed out of the blockchain.
    Just the wallet private key (which stays constant) needs to be securely saved, but not on a regular base.
    What's wrong with my understanding?

  6. Are there any other files or folders, which need regular backup then?

Thanks for answers,
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