I have working on something on top of node.js and wanted to install on my hosting account. There are many tutorials available on this topic but they have some or the other thing incomplete. Hence I decided to combine all of them together and post here a working solution.
1. Create the directory to store the Node binaries
mkdir -m 755 node creates the folder used to store the Node.js binaries
2. Download & Compile Node.js
wget http://nodejs.org/dist/v0.8.0/node-v0.8.0.tar.gz tar -xvf node-v0.8.0.tar.gz
Dilberted's Blog 