LuckyBit (LUCKY)

Posted on by somacher-invest

LUCKYBIT (LUCKY) – COIN INFO & MN GUIDE

COIN SPECIFICATION:

  • Name: LuckyBit
  • Ticker: LUCKY
  • Algo: Neoscrypt
  • Block Time: 3 min
  • Reward 20 LUCKY, decreasing by 7% every year
  • Block Confirms for Mined Blocks:101
  • Masternode Collateral: 1000
  • Masternode start confirmations: 16 Blocks
  • Port: 7717
  • RPC Port: 7718
  • Difficulty retargeting Dark Gravity Wave
  • Transaction anonymity: Private send Implementation
  • LuckyBit, has a 1% premine
  • Total Supply: 52.5 mln + 175 000 BONUS Coins/Yearly
    ◆  Reward distribution: Block 0001 – 4800
  • 95% Masternodes (19 LUCKY) , 5% Miners  (1 LUCKY)
    ◆  Reward distribution: Block 4801 – 9600
  • 85% Masternodes (17 LUCKY) , 15% Miners  (3 LUCKY)
    ◆  Reward distribution: Block 9601 – INF
  • 75% Masternodes  (15 LUCKY) , 25% Miners (5 LUCKY)

COIN INFO:

EXCHANGE:

COIN LISTINGS:

MASTERNODE SETUP GUIDE LUCKYBIT (LUCKY)

HOT+COLD WALLET SETUP WINDOWS & LINUX VPS

Also, there are other setup guides out there and they take different approaches and place files in different directories…. jumping between guides is not recommended unless you’re an experienced Linux user and can easily and account for the differences in paths and commands. In such cases we can’t support you! We are this steps from this guide. When you’re doing other, don’t ask about support.

PREREQUISITE
STEP 1 – DOWNLOAD AND SYNC THE WINDOWS WALLET

Here are the download links.

The most common is the Windows 64-bit Installer. After the installation and starting the new wallet it needs some time to find network connections to other nodes. Please be patient for a moment.

Windows 64-bitMAC OSLinux 64-bit
STEP 2 – SETTING UP THE COLLATERAL TRANSACTION

The first step involves sending exactly the needed masternode collateral about 1000 to a new wallet address. You’ll want to have a small amount above to cover the transaction fee, so you’ll need to have a starting balance of at least, say 1001 LUCKY. First, we’ll create a new wallet address to hold the collateral.

In the QT wallet, choose: File->Receiving addresse… and give it a label, such as MN01

Click Request Payment to create the address. You’ll see the new address. Choose Adddress Copy to store that address in the clipboard.

Click Close to exit the receiving address dialog. Now we’ll send the collateral amount to the address you just created.

Under the Send tab, paste the address that you copied into the Pay To: field. The Label field should pre-populate with the label you gave it earlier, in this case, MN01 and in the Amount: field, enter the actual collateral

Click Send and your transaction will be broadcast to the network

You’ll need to wait for 15 confirmations (the current number of confirmations is viewable in the Transactions tab before the masternode will fully activate. But now wait at least 1 confirmation before you follow the guide.

We can start working through the rest of the setup in the meantime.


STEP 3 – LOGGING INTO YOUR VPS WITH PUTTY

To access the VPS, we need to use a protocol called SSH. An SSH session will give you command-line access to your VPS and will be the mechanism we use for running commands on the Linux machine. We’ll use a program called PuTTY. (For OSX users, you can use your Terminal and just run the command ssh root@<YOUR VPS IP ADDRESS>)

The latest version of PuTTY can be downloaded from here. Install PuTTY and run it. Once open, you’ll see the standard PuTTy interface: Under Host Name, enter the IP address for your VPS.

You’ll likely see a security alert listing the ssh key fingerprint, choose Yes. Next up, you’ll see the login prompt for your VPS.

Note that in PuTTY, a right-click will paste the contents of your clipboard. So if you’re copying and pasting the root password, a right-click will paste. You won’t see any *’s or feedback for the password when you paste it, so just hit Enter after pasting. If you get an Access Denied message, double-check your root password and try typing it in manually rather than pasting.

STEP 3 – INSTALL THE MASTERNODE

Now it will take some time. Wait until : «GOOD LUCK». It will also print masternode private key as: «Masternode private key:». Save that somewhere, you will use it later.

Now come back to your wallet in your PC.

Step 4 – SET MASTERNODE CONFIG

Now hopefully your transaction to yourself has been confirmed.

Go to Tools → Debug Consol

Type the command below and press enter

  • masternode outputs

It should print something like this: {“a61877d567694a5f050cfbca8104e53e349076149af7cb6c37e013e62565377f”:“1”}

The long string is the transaction id of your payment and the number is transaction ID . You will use them shortly.

Go to the tools tab within the wallet and click open “masternode configuration file”

  • Fill in the form.
  • Type MN01
  • Then the IP of your VPS and Portnumber 7717
  • Then the PrivKey from Step 3 this is your masternode GenKey
  • The TxHash is the transaction ID/long key that you copied to the text file.
  • The Output Index is the 0 or 1 that you copied to your text file. 

Example: MN01 127.0.0.1:3883 BuDDDVRiWNCL3RF4bCQvPixRWwPpXj2W1iJaDDJtN64TvvoVS 63a2ba1c72d71507ca5fd54f183e205444bcda031e4aeb90d03ab5aa1ab10a08 1

!Everything in a line with only one space between the phrases!

Click “File Save”

Restart your wallet (close and open).

STEP 5 – START MASTERNODE

Go to «Masternodes» tab. You should see your configured masternode as missing. Click on «Start All». Now you should see your masternode as «Pre_Enabled» or «Enabled» If so, you are all set. It will start getting rewards in around 24 hours.

You are all set, GOOD LUCK.

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