Starting September 29, 2017, Piecoin will be enabling masternode functionality.
I'm using Vultr's hosting service to create Ubuntu 16.04 instance.
I use 20G SSD, 1CPU, 512MB instance.
Dependencies
Install Boot Libraries
sudo apt-get install -y libboost-system1.58.0 libboost-filesystem1.58.0
sudo apt-get install -y libboost-thread1.58.0 libboost-program-options1.58.0
sudo apt-get install -y libminiupnpc10
Install BerkeleyDB for Wallet Functionality.
sudo apt-get install -y libdb5.3 libdb5.3++
Install Binary
wget http://piecoin.net/download/PieCoind.zip -C /usr/local/bin
sudo chmod 755 /usr/local/bin/PieCoind
sudo chown root: /usr/local/bin/PieCoind
Configuration
touch $HOME/.Piecoin/Piecoin.conf
Contents of the file
# $HOME/.Piecoin/PieCoin.conf
rpcuser=PieCoinrpc
rpcpassword=C9VkTA2jzWGgaAZzgoch4HMH5CxZRnpxGXEYVGchEMTp
Run Daemon
PieCoind -daemon
Generate a Wallet Address for your Masternode
PieCoind masternode 0
Generate a Private Key
PieCoind masternode genkey