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How to install the Masterchest Windows wallet

May 20, 2017

This tutorial explains the steps necessary to install the Masterchest Windows wallet. The process requires the re-indexing of the Bitcoin-Qt database and it may take up to 24 hours. For that reason, please follow the instructions exactly and in order.

Masterchest wallet has only been tested on Windows 7 and Windows 8 but it may work on any Windows versions where the .Net 4.0 framework can be installed.
Set up your environment

Download and install the .NET Framework 4.0 from Microsoft.
Download and install the latest version of Bitcoin-Qt reference client for Windows.

Re-index the Bitcoin-Qt database

Start Windows Explorer, click on Organize, Folder and Search Options, and select the View tab. There check Show hidden files, folders, and drives and uncheck Hide extensions for known file types.
Press the start button and in the Search programs and files field type

%USERPROFILE%\AppData\Roaming\Bitcoin

and press Enter.
In the folder that appears, right-click, create a text file, and name it bitcoin.conf. Make sure that Windows has not added the .txt extension to the file!
Right-click on the file, open it using Notepad and paste the following code:

rpcport=8332
rpcconnect=localhost
rpcuser=your_username
rpcpassword=your_password
server=1
txindex=1

Save the file and exit Notepad.
If you dont already have one, create a shortcut for Bitcoin-Qt on your Desktop. Right-click on the shortcut and choose Properties. In the Target tab enter -reindex (without the quotes) after the file location. The final result should be exactly

C:\Program Files (x86)\Bitcoin\bitcoin-qt.exe -reindex
Double-click on the Bitcoin-Qt shortcut and wait until the reindexing is finished. This may take a lot of time.
After the re-indexing is complete, right-click on the Bitcoin-Qt shortcut, select Properties. In the Target tab remove the -reindex after the file location. The final result should be exactly

C:\Program Files (x86)\Bitcoin\bitcoin-qt.exe

Dont make any changes in the bitcoin.conf file. If you do, Bitcoin-Qt will try to re-index the Bitcoin-Qt database again.

Download and install Masterchest

Download the latest version of Masterchest wallet.
Create a new file where you move and extract the MasterchestWalletAlpha_Bin.zip file.
Start the Bitcoin-Qt wallet and keep it running.
Double click on the Masterchest_Wallet.exe
The program will first perform some checks. Providing these checks are passed, your wallet will start the synchronization. You may check the status of synchronization by using the debug panel.

After the synchronization is complete (note that the first time this may take a number of hours depending on the speed of your hardware) the network status label will show Synchronized and you should see an overview of your Mastercoin balance displayed.