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Teloscoin Masternode installation tutorial

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  • Teloscoin Masternode installation tutorial

    Masternode installation tutorial

    This tutorial will guide you in detail through the steps necessary to setup a masternode on Ubuntu 18.04 64-bit remote server (VPS) that is controlled via your local PC wallet. Your local wallet is not required to be kept open all the time whilst collecting masternode payments.

    • Local system – your computer, which will run Control wallet and hold the masternode coins
    • VPS with Ubuntu Server 18.04 64-bit OS and unique IP address that is running 24/7
    • Minimum VPS specs: 50 GB of storage space, 4 GB of RAM, at least 1 dedicated CPU core
    • Latest Core wallet release of Teloscoin wallet (
    • Collateral - Amount of coins that should be locked in Control wallet to run Masternode
    (NOTE: You will need a different IPv4 address for each masternode you plan to host.)

    Installation of your PC/Control wallet

    Step 1 – Download wallet

    Download the most recent version of the Core wallet of Teloscoin. (

    Step 2 – Extract and install the wallet

    Choose the proper version for your operating system. Extract it, install and run the wallet. After starting the wallet for the first time, it will offer you to make a default data directory. It is recommended that you make new folder where control wallet data will be stored. Choose newly made directory on this step.

    Step 3 – Download the latest snapshot/bootstrap (optional)

    This is entirely optional step. It is always recommended not to trust, but to verify the blockchain yourself. However, since this would take longer than downloading the latest blockchain snapshot, there is a way to speed up the synchronization by downloading the latest snapshot usually from official github of the coin project.

    Since Teloscoin forked to version 3.0.4 latest bootstrap/snapshot can be found in #announcement channel on community discord. It have two files which should be combined:

    Download both shapshot files into chosen directory and combine them with commands:

    zip -s- -O
    (Linux users only)

    This way you will get one file named "" which is now easy to unzip.

    Step 4 – Create a Masternode on Control wallet

    First of all, make sure that you have enough coins in your wallet for Masternode collateral.
    • Unlock the wallet (If it is encrypted by password.)
    • Create new address labeled with something like “Masternode01” or “MN01”
    • Send exact amount of collateral coins to this address
    • Go to installation folder and open file masternode.conf
    • Add line for Masternode configuration:
      • <alias> <vpsIP : port> <masternodeprivkey> <txid> <index>
        • alias = MN01
        • vpsIP : port = IP address of your VPS and masternode port
        • masternodeprivkey = Get it on Control wallet console by typing masternode genkey
        • txid (transaction hash) = Get it on Control wallet console by typing masternode outputs
        • index (output index) = Above command will give you transaction hash with output index
    • Save masternode.conf file and close it
    • Restart control wallet
    • Now your coins are locked for Masternode

    We will get back here to Control wallet later after setup VPS.

    VPS Remote wallet installation

    To be able to access a VPS, you need a software/SSH client like PuTTY for example. After you successfully login to your VPS, follow the further steps.

    Step 1 – Install most recent security patches and firewall

    A clean server install will need some software updates. Enter the following command which will bring the system up to date:

    sudo apt-get update && sudo apt-get -y upgrade
    One of the important steps is to check firewall and setup Masternode port:

    ufw status
    - check firewall status

    sudo ufw allow 8051/tcp
    - setting up Masternode port

    sudo ufw enable
    - enable firewall

    Step 2 – Download and extract Core wallet for Linux

    Enter the following command lines one by one to download and extract wallet (from official github of transcendence):

    apt install unzip
    cd ~ && wget
    unzip && sudo rm -f

    Masternode Configuration

    Step 3Create the masternode configuration file and populate

    Before the node can operate as a masternode a custom configuration file needs to be created. Since we have not loaded the wallet yet, we will create the necessary directories and the configuration file by typing the following command lines one by one:

    mkdir ~/.transcendence && cd ~/.transcendence && sudo apt-get install nano && touch transcendence.conf && nano transcendence.conf
    This command has created a blank configuration file of where we will enter our masternode configuration variables. Now we should properly setup configuration settings.

    Paste the following configuration settings into the editor (paste is being done simply by right mouse click), your conf file on your VPS should look like:

    HTML Code:
    externalip=<IP of your VPS>
    masternodeaddr=<IP of your VPS:8051>
    masternodeprivkey=<Masternode genkey already created in Control wallet console>
    Save and exit the editor by pressing CTRL-O and Enter to save, and CTRL-X to exit the editor.

    Step 4Download the latest snapshot

    Same as couple steps earlier, this step is entirely optional. If you don’t want to go slower, download snapshot/bootstrap. Type wget and paste the link address afterwards that you copied earlier and press enter.

    (Keep in mind that you need to be into .transcendence folder while download and unzip bootstrap)

    Wait for the snapshot to download completely. It might take some time, depending on your VPS download speed and size. After the download is complete, you have to combine than to unzip the file.

    wget [URL=""][/URL]
    wget [URL=""][/URL]
    Download both shapshot files into .transcendence directory and combine them with commands:

    zip -s- -O
    This way you will get one file named "" which is now easy to unzip.

    After it’s successfully extracted, it is recommended to remove the .zip file to free some space on VPS:


    Masternode start

    Step 5Load the masternode

    With the configuration created we are now ready to load the masternode and sync to the network. Load the masternode by typing the following command:

    ./transcendenced -daemon
    (here we starting the daemon)

    You will get the message “server starting”. To follow the progress until the wallet is fully loaded and synchronized, type:

    tail -f ~/.transcendence/debug.log
    Wait until you see the message similar to:

    2025-05-15 13:31:01 CMasternodeSync::GetNextAsset – Sync has finished
    2025-05-15 13:31:01 CActiveMasternode::ManageStatus() – not capable: Hot node, waiting for remote activation.
    Once you get this message, you are completely synced and masternode is ready to be started. Press CTRL-C to get back to command line.

    You can get info of running daemon by:

    ./transcendence-cli getinfo
    You will get back information where in line “block” you can see recent block count. To be sure daemon is on right chain type:

    ./transcendence-cli getblockhash <block number>
    and compare result of block hash on some explorers:

    Step 6 - Start Masternode from Control wallet (final step)

    Now when we have fully synced Masternode on our VPS it is time to start it from Control wallet. To do this go to wallet console and type:

    startmasternode alias false <your MN alias>
    Step 7 - Final check

    If everything went well, you should receive the following message:

    “Masternode successfully started”

    Also we check on our VPS with command:

    ./transcendence-cli getmasternodestatus

    “Masternode successfully started”
    Last edited by Lucky7; 02-01-2021, 06:31 PM.