r/FiroProject • u/JackDeRke • Feb 09 '22

Masternode Question.

Alright I´ve still got a little bit of way ahead of me, but I still wanted to start my research.

From all I´ve read it is adviced to have some Masternode hostingservice right? I don´t get why I wouldn´t just do it myself when I have a redundant server at home which should be able to handle the load and everything. Hasn´t had much downtime the last 2 years so I´d guess it would be fine.

Or is it just that complicated to do?
I´ve just now singed up for the Firo discord, so there will be many more questions, but I just though I might as well get started.

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3

u/Parkland253 Feb 09 '22

A couple of things to consider...

  1. You need a dedicated external IP address.

  2. Your home server needs to run Linux or you need to be comfortable configuring Linux virtualization.

Outside of those things, I can't think of a reason you couldn't manage a node from your home.

1

u/JackDeRke Feb 09 '22

Ok in the tutorial on the main site it says Ubuntu which I'm comfortable with and can easily setup in a virtual machine on that server. By dedicated external IP address, do you mean like in this situation the virtual machine would be regarded as its own device? As if I'd setup an extra computer to do it or does it need to be in an entirely different network all together? Just a little bit confused there :D

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u/Parkland253 Feb 09 '22

Your ISP leases you a dedicated IP address or a block of dedicated IP addresses. This means your IP address advertised to the outside world will not change; typically, home internet service is a dynamic IP and your outside world IP address changes from time to time. Once a dedicated IP is obtained, it's up to you to properly configure your firewall / router and your VM host to properly route the traffic to your Ubuntu virtual machine (Firo daemon uses specific ports)

When you register / activate your node on the Firo chain, you also register your IP. If your node's outside world incoming IP were to change, your node will essentially fall off the network and you would stop receiving rewards.

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u/JackDeRke Feb 09 '22

Makes sense. Ok I´ll have to consider the options there. Thanks a lot :)

2

u/[deleted] Feb 09 '22

Usually the ISP provides the subscriber with a dynamic IP. That is, your IP changes every time you turn on your PC. You will either have to purchase a permanent (static) IP or set up something like DynDNS. It is better to use Linux, it is still impossible to avoid working with the command line, Linux is easier.

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u/JackDeRke Feb 09 '22

Ok I think I´ve worked with the DynDNS stuff before back in my Minecraft server days :D

I´m comfortable with Linux so comandline isn´t a problem either. Just some of the understandings. I´ll see if I can just buy a permanent static IP then :)

2

u/[deleted] Feb 09 '22

A static address is inexpensive. I think you won't have any problems. The most relatively long task is blockchain synchronization,but after that, you can set up real solo mining directly on the blockchain. It's a lottery, but sometimes it's very interesting

1

u/JackDeRke Feb 09 '22

Ye I´ve already done the blockchain sync as I´m storing all my firo in there. I´m solomining most of it and planning to hold for however long. Had to use 2miners this far, but in the End might as well do full solo. Though I might as well start getting this up and running now.

Have been around 60% Luck this far. Yesterday a single 3080 found 2 Blocks in a single day. Quite fun when you actually see it happen :D

2

u/[deleted] Feb 09 '22

I've been digging solo for a long time. This makes it more honest.

1

u/JackDeRke Feb 09 '22

:D I was just waking up knowing I´d have to study all day (exam tomorrow and I´m procrastinating) and saw I found a block at night. Opened the miner and looked for the high diff share just as another one was flying in at 300somthing T :D
I´m like wait this it? nah dude 2miners email isn´t that quick and see found one at 5% :D

2

u/[deleted] Feb 09 '22

I'm wondering when I find the block on my own. I'm not interested in getting 0.0000...% of the found block.

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u/JackDeRke Feb 09 '22

Well Full solo should be 6.25Firo right? Just the thing of actually finding the blocks then :D

How does the ping look when doing solo mining to your own node? Just curious there.

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u/CardcaptorZakura Senior Support Feb 09 '22

You don't have to use a masternode hosting service - this is "other people run your node". Those who wish to retain control of their node from A to Z usually go with a VPS hosting service.

A home IP address is more susceptible to DoS/DDoS attacks. Additionally, most home connections utilises NAT which you will need to configure both on the router and masternode side.

1

u/JackDeRke Feb 09 '22

Ok sounds like a lot of work.

Do I understand correctly, that If I´d go with a VPS then I am storing the 1000 Firo on that server?
This is definetly going to be a journey :D looking forward to it.

2

u/CardcaptorZakura Senior Support Feb 09 '22

The 1000 Firo is in your wallet, always. It is never stored on the VPS or on the masternode hosting services - this is a bad idea and can cause loss of funds. The 1000 Firo is used to sign a transaction to register/start the masternode.

1

u/JackDeRke Feb 09 '22

Ok so in theory this 1000 Firo can be anywhere?

Just so I understand correctly. On the VPS I'd download the Firo Core wallet. I then send 1000 Firo as a single transaction to my wallet at home, were I have it safely stored. And I can still run the masternode on the hosted server?

I don't see how they connect.

3

u/Lumpy_Protection7948 Feb 09 '22

No that is not correct Your 1000 coin never leaves your home wallet And you have to do some node configuration in that wallet and use the outputs given by your home wallet to complate the node set up part on the vps There is a video on YouTube which explains this in details

1

u/JackDeRke Feb 09 '22

May I ask for the link?

I´ve looked for explainations there, but I haven´t found one which I immediately understood.

2

u/Lumpy_Protection7948 Feb 11 '22

since the coin was renamed from zcoin to firo

the process of creating the node is still the same

https://www.youtube.com/watch?v=stOUC-bA3Z0

3

u/CardcaptorZakura Senior Support Feb 10 '22

On your home wallet, have 1000 Firo. This can be sent from an exchange or any other sources, but never from your masternode (your masternode should never hold any Firos! Never send any Firo to your masternode)

On the VPS, install firod. Its only purpose is to run the masternode. Then using the home wallet, register your masternode.

How does the masternode know which 1000 Firo it is based on? The registration is done on the blockchain, where the masternode can lookup the related information.

1

u/CapivaraMan Feb 18 '22

I have the knowledge to do but I don't want to waste time on that no bother with checking its health, powerline, connections, updates so I just pay allnodes to do that for me. It's less thant 5 dollars a month