Install bitcoind on linux and setup server

bitcoin.conf

# bitcoin.conf configuration file. Lines beginning with # are comments.
# Network-related settings:
 
# Run on the test network instead of the real bitcoin network.
#testnet=0
 
# Connect via a socks4 proxy
#proxy=127.0.0.1:9050
 
##############################################################
##            Quick Primer on addnode vs connect            ##
##  Let's say for instance you use addnode=4.2.2.4          ##
##  addnode will connect you to and tell you about the      ##
##    nodes connected to 4.2.2.4.  In addition it will tell ##
##    the other nodes connected to it that you exist so     ##
##    they can connect to you.                              ##
##  connect will not do the above when you 'connect' to it. ##
##    It will *only* connect you to 4.2.2.4 and no one else.##
##                                                          ##
##  So if you're behind a firewall, or have other problems  ##
##  finding nodes, add some using 'addnode'.                ##
##                                                          ##
##  If you want to stay private, use 'connect' to only      ##
##  connect to "trusted" nodes.                             ##
##                                                          ##
##  If you run multiple nodes on a LAN, there's no need for ##
##  all of them to open lots of connections.  Instead       ##
##  'connect' them all to one node that is port forwarded   ##
##  and has lots of connections.                            ##
##       Thanks goes to [Noodle] on Freenode.               ##
##############################################################

# Use as many addnode= settings as you like to connect to specific peers
#addnode=69.164.218.197
#addnode=10.0.0.2:8333

# ... or use as many connect= settings as you like to connect ONLY
# to specific peers:
#connect=69.164.218.197
#connect=10.0.0.1:8333

# Do not use Internet Relay Chat (irc.lfnet.org #bitcoin channel) to
# find other peers.
#noirc=0

# Maximum number of inbound+outbound connections.
#maxconnections=

# JSON-RPC options (for controlling a running Bitcoin/bitcoind process)

# server=1 tells Bitcoin-QT to accept JSON-RPC commands.
#server=0

# You must set rpcuser and rpcpassword to secure the JSON-RPC api
#rpcuser=Ulysseys
#rpcpassword=YourSuperGreatPasswordNumber_DO_NOT_USE_THIS_OR_YOU_WILL_GET_ROBBED_385593

# How many seconds bitcoin will wait for a complete RPC HTTP request.
# after the HTTP connection is established. 
#rpctimeout=30

# By default, only RPC connections from localhost are allowed.  Specify
# as many rpcallowip= settings as you like to allow connections from
# other hosts (and you may use * as a wildcard character):
#rpcallowip=10.1.1.34
#rpcallowip=192.168.1.*

# Listen for RPC connections on this TCP port:
#rpcport=8332

# You can use Bitcoin or bitcoind to send commands to Bitcoin/bitcoind
# running on another host using this option:
#rpcconnect=127.0.0.1

# Use Secure Sockets Layer (also known as TLS or HTTPS) to communicate
# with Bitcoin -server or bitcoind
#rpcssl=1

# OpenSSL settings used when rpcssl=1
#rpcsslciphers=TLSv1+HIGH:!SSLv2:!aNULL:!eNULL:!AH:!3DES:@STRENGTH
#rpcsslcertificatechainfile=server.cert
#rpcsslprivatekeyfile=server.pem


# Miscellaneous options

# Set gen=1 to attempt to generate bitcoins
#gen=0

# Use SSE instructions to try to generate bitcoins faster.
#4way=1

# Pre-generate this many public/private key pairs, so wallet backups will be valid for
# both prior transactions and several dozen future transactions.
#keypool=100

# Pay an optional transaction fee every time you send bitcoins.  Transactions with fees
# are more likely than free transactions to be included in generated blocks, so may
# be validated sooner.
#paytxfee=0.00

# Allow direct connections for the 'pay via IP address' feature.
#allowreceivebyip=1
  
# User interface options

# Start Bitcoin minimized
#min=1

# Minimize to the system tray
#minimizetotray=1

bitcoind

#! /bin/sh
### BEGIN INIT INFO
# Provides:          bitcoind
# Required-Start:    $remote_fs
# Required-Stop:     $remote_fs
# Default-Start:     2 3 4 5
# Default-Stop:      0 1 6
# Short-Description: bitcoind daemon startup script
# Description:       bitcoind daemon startup script
### END INIT INFO

# Author: Pavel A. Karoukin

# Do NOT "set -e"

# PATH should only include /usr/* if it runs after the mountnfs.sh script
PATH=/sbin:/usr/sbin:/bin:/usr/bin
DESC="BitCoin Daemon"
NAME=bitcoind
DAEMON=/usr/bin/$NAME
DAEMON_ARGS="-daemon"
PIDFILE=/var/run/$NAME.pid
SCRIPTNAME=/etc/init.d/$NAME
CHUID=bitcoind:bitcoind

# Exit if the package is not installed
[ -x "$DAEMON" ] || exit 0

# Read configuration variable file if it is present
[ -r /etc/default/$NAME ] && . /etc/default/$NAME

# Load the VERBOSE setting and other rcS variables
. /lib/init/vars.sh

# Define LSB log_* functions.
# Depend on lsb-base (>= 3.0-6) to ensure that this file is present.
. /lib/lsb/init-functions

#
# Function that starts the daemon/service
#
do_start()
{
   # Return
   #   0 if daemon has been started
   #   1 if daemon was already running
   #   2 if daemon could not be started
   start-stop-daemon --start --quiet --pidfile $PIDFILE --exec $DAEMON --test > /dev/null \
      || return 1
   start-stop-daemon --start --quiet --chuid $CHUID --pidfile $PIDFILE --exec $DAEMON -- \
      $DAEMON_ARGS \
      || return 2
}

#
# Function that stops the daemon/serv
do_stop()
{
   # Return
   #   0 if daemon has been stopped
   #   1 if daemon was already stopped
   #   2 if daemon could not be stopped
   #   other if a failure occurred
   $DAEMON stop
   start-stop-daemon --stop --quiet --retry=TERM/30/KILL/5 --pidfile $PIDFILE --name $NAME

   RETVAL="$?"
   [ "$RETVAL" = 2 ] && return 2
   # Wait for children to finish too if this is a daemon that forks
   # and if the daemon is only ever run from this initscript.
   # If the above conditions are not satisfied then add some other code
   # that waits for the process to drop all resources that could be
   # needed by services started subsequently.  A last resort is to
   # sleep for some time.
   start-stop-daemon --stop --quiet --oknodo --retry=0/30/KILL/5 --exec $DAEMON
   [ "$?" = 2 ] && return 2
   # Many daemons don't delete their pidfiles when they exit.
   rm -f $PIDFILE
   return "$RETVAL"
}

#
# Function that sends a SIGHUP to the daemon/service
#
do_reload() {
   #
   # If the daemon can reload its configuration without
   # restarting (for example, when it is sent a SIGHUP),
   # then implement that here.
   #
   start-stop-daemon --stop --signal 1 --quiet --pidfile $PIDFILE --name $NAME
   return 0
}

case "$1" in
  start)
   [ "$VERBOSE" != no ] && log_daemon_msg "Starting $DESC" "$NAME"
   do_start
   case "$?" in
      0|1) [ "$VERBOSE" != no ] && log_end_msg 0 ;;
      2) [ "$VERBOSE" != no ] && log_end_msg 1 ;;
   esac
   ;;
  stop)
   [ "$VERBOSE" != no ] && log_daemon_msg "Stopping $DESC" "$NAME"
   do_stop
   case "$?" in
      0|1) [ "$VERBOSE" != no ] && log_end_msg 0 ;;
      2) [ "$VERBOSE" != no ] && log_end_msg 1 ;;
   esac
   ;;
  #reload|force-reload)
   #
   # If do_reload() is not implemented then leave this commented out
   # and leave 'force-reload' as an alias for 'restart'.
   #
   #log_daemon_msg "Reloading $DESC" "$NAME"
   #do_reload
   #log_end_msg $?
   #;;
  restart|force-reload)
   #
   # If the "reload" option is implemented then remove the
   # 'force-reload' alias
   #
   log_daemon_msg "Restarting $DESC" "$NAME"
   do_stop
   case "$?" in
     0|1)
      do_start
      case "$?" in
         0) log_end_msg 0 ;;
         1) log_end_msg 1 ;; # Old process is still running
         *) log_end_msg 1 ;; # Failed to start
      esac
      ;;
     *)
        # Failed to stop
      log_end_msg 1
      ;;
   esac
   ;;
  *)
   #echo "Usage: $SCRIPTNAME {start|stop|restart|reload|force-reload}" >&2
   echo "Usage: $SCRIPTNAME {start|stop|restart|force-reload}" >&2
   exit 3
   ;;
esac

:

bitcoind_user.sh

sudo useradd bitcoind -c "Bitcoin Daemon" -d /home/bitcoind -m -s /bin/bash -r
sudo add-apt-repository ppa:bitcoin/bitcoin
sudo apt-get update
sudo apt-get install bitcoind

This was very helpful! Thanks!

What would be the way I would want to go about running this?

thnx 4 init script!