diff --git a/parity/main.rs b/parity/main.rs
index 460922b64..903b471c5 100644
--- a/parity/main.rs
+++ b/parity/main.rs
@@ -36,6 +36,7 @@ extern crate ethcore_rpc as rpc;
 
 use std::net::{SocketAddr};
 use std::env;
+use std::path::PathBuf;
 use rlog::{LogLevelFilter};
 use env_logger::LogBuilder;
 use ctrlc::CtrlC;
@@ -207,6 +208,9 @@ fn main() {
 	net_settings.listen_address = listen;
 	net_settings.public_address = public;
 	net_settings.use_secret = conf.args.flag_node_key.as_ref().map(|s| Secret::from_str(&s).expect("Invalid key string"));
+	let mut net_path = PathBuf::from(&conf.path());
+	net_path.push("network");
+	net_settings.config_path = Some(net_path.to_str().unwrap().to_owned());
 
 	// Build client
 	let mut service = ClientService::start(spec, net_settings, &Path::new(&conf.path())).unwrap();
diff --git a/util/src/network/host.rs b/util/src/network/host.rs
index 7366e129b..fb3bcee62 100644
--- a/util/src/network/host.rs
+++ b/util/src/network/host.rs
@@ -21,6 +21,9 @@ use std::str::{FromStr};
 use std::sync::*;
 use std::ops::*;
 use std::cmp::min;
+use std::path::{Path, PathBuf};
+use std::io::{Read, Write};
+use std::fs;
 use mio::*;
 use mio::tcp::*;
 use target_info::Target;
@@ -340,7 +343,19 @@ impl<Message> Host<Message> where Message: Send + Sync + Clone {
 		let addr = config.listen_address;
 		// Setup the server socket
 		let tcp_listener = TcpListener::bind(&addr).unwrap();
-		let keys = if let Some(ref secret) = config.use_secret { KeyPair::from_secret(secret.clone()).unwrap() } else { KeyPair::create().unwrap() };
+		let keys = if let Some(ref secret) = config.use_secret { 
+			KeyPair::from_secret(secret.clone()).unwrap() 
+		} else { 
+			config.config_path.clone().and_then(|ref p| load_key(&Path::new(&p)))
+				.map_or_else(|| {
+				let key = KeyPair::create().unwrap();
+				if let Some(path) = config.config_path.clone() {
+					save_key(&Path::new(&path), &key.secret());
+				}
+				key
+			},
+			|s| KeyPair::from_secret(s).expect("Error creating node secret key"))
+		};
 		let endpoint = NodeEndpoint { address: addr.clone(), udp_port: addr.port() };
 		let discovery = Discovery::new(&keys, endpoint, DISCOVERY);
 		let path = config.config_path.clone();
@@ -914,3 +929,49 @@ impl<Message> IoHandler<NetworkIoMessage<Message>> for Host<Message> where Messa
 		}
 	}
 }
+
+fn save_key(path: &Path, key: &Secret) {
+	let mut path_buf = PathBuf::from(path);
+	if let Err(e) = fs::create_dir_all(path_buf.as_path()) {
+		warn!("Error creating key directory: {:?}", e);
+		return;
+	};
+	path_buf.push("key");
+	let mut file = match fs::File::create(path_buf.as_path()) {
+		Ok(file) => file,
+		Err(e) => {
+			warn!("Error creating key file: {:?}", e);
+			return;
+		}
+	};
+	if let Err(e) = file.write(&key.hex().into_bytes()) {
+		warn!("Error writing key file: {:?}", e);
+	}
+}
+
+fn load_key(path: &Path) -> Option<Secret> {
+	let mut path_buf = PathBuf::from(path);
+	path_buf.push("key");
+	let mut file = match fs::File::open(path_buf.as_path()) {
+		Ok(file) => file,
+		Err(e) => {
+			debug!("Error opening key file: {:?}", e);
+			return None;
+		}
+	};
+	let mut buf = String::new();
+	match file.read_to_string(&mut buf) {
+		Ok(_) => {},
+		Err(e) => { 
+			warn!("Error reading key file: {:?}", e);
+			return None;
+		}
+	}
+	match Secret::from_str(&buf) {
+		Ok(key) => Some(key),
+		Err(e) => { 
+			warn!("Error parsing key file: {:?}", e);
+			None
+		}
+	}
+}
diff --git a/util/src/network/node_table.rs b/util/src/network/node_table.rs
index 2b02748b4..e5c47cafb 100644
--- a/util/src/network/node_table.rs
+++ b/util/src/network/node_table.rs
@@ -273,7 +273,7 @@ impl NodeTable {
 			let mut file = match fs::File::open(path_buf.as_path()) {
 				Ok(file) => file,
 				Err(e) => {
-					warn!("Error opening node table file: {:?}", e);
+					debug!("Error opening node table file: {:?}", e);
 					return nodes;
 				}
 			};