https://darkcointalk.org/threads/help-test-rc2-forking-issues.1009/page-17#post-7325
What does this "cold masternode" mean really? Can you have a masternode with 1000drk without even a computer powered on? Or is it just having 1000drk in a cold wallet and a masternode running on a computer?
I'm sorry I'm not good with these things, but I'm curious.
What does this "cold masternode" mean really? Can you have a masternode with 1000drk without even a computer powered on? Or is it just having 1000drk in a cold wallet and a masternode running on a computer?
I'm sorry I'm not good with these things, but I'm curious.
WHAT DOES COLD WALLET MASTERNODE MEANS.
It means that the server that is running as a Masternode has 0 coins in its wallet.dat so there is 0 risk of loosing coins. We start a masternode like this, you need to use a second computer, normally your local computer at home. You run the darkcoind application in your local computer, you indicate in the darkcoin.conf file in the local computer masternodeaddr=xxx.xxx.xxx.xxx:9999 (put in your public IP address here from your remote machine) This indicates the network that your local machine with the 1000DRK is vouching for the remote masternode with 0 DRK. After that you take your local wallet offline, make several backups of your wallet.dat and as long as you dont move the coins from that address your remote masternode with 0DRK keeps running and making you money. Boom!
Here is a guide on how to do it:
https://darkcointalk.org/threads/remote-masternode-guide-updated.410/
One question about this. If you use the wallet on your home pc for the 1000 drk and masternode fund, then can you still use the wallet? Or can you have a seperate wallet on the same pc? Sorry, I'm a bit noob on this issue still.
In a way the wallet.dat file in your PC is the wallet. What I do is I start a fresh client with new wallet.dat, encrypt it, send the 1000 drk to the first address and use it forr activating the masternode. Then I backup that wallet.dat in several mediums and erase it from my home computer keeping it completely cold. Then you can open the client again with a different wallet.dat that has nothing to do with the one you used to start your masternode, so you can have many, but only one open at a time and should be really careful with your backups and renaming the wallet.dat's appropiately so you dont confuse them. Read more and make sure you feel confident before you move your coins around.
Ok, cool thanks. Yeah seems obvious now that you've mentioned it like that. Will be very careful with it, thanks
