We have had a number of queries on how to enable replication using certificates created from makecert. Though the Understanding and Troubleshooting guide for Hyper-V Replica discusses this aspect, I am posting a separate article on this. The below steps are applicable for a simple lab deployment consisting of two standalone servers – PrimaryServer.domain.com and ReplicaServer.domain.com. This can be easily extended to clustered deployments with the Hyper-V Replica Broker.
Makecert is a certificate creation tool which generates certificates for testing purpose. Information on makecert is available here - http://msdn.microsoft.com/en-us/library/bfsktky3.aspx.
1. Copy the makecert.exe tool to your primary server
2. Run the following command from an elevated command prompt, on the primary server. This command creates a self-signed root authority certificate. The command also installs a test certificate in the root store of the local machine and is saved as a file locally
--> Please see the rest on the blog : http://blogs.technet.com/b/virtualization/archive/2013/04/13/hyper-v-replica-certificate-based-authentication-makecert.aspx