Build libtorrent from source

http://dev.deluge-torrent.org/wiki/Building/libtorrent#UbuntuDebian

Install dependencies for libtorrent build automatically using build-dep:

sudo apt-get build-dep libtorrent-rasterbar
sudo apt-get install checkinstall

OR if that fails manually install them:

sudo apt-get install build-essential checkinstall libboost-system-dev libboost-python-dev libssl-dev libgeoip-dev

Download libtorrent (https://github.com/arvidn/libtorrent/releases) and extract:

tar xf libtorrent-rasterbar.tar.gz
cd libtorrent-rasterbar

Configure:

./configure --enable-python-binding --with-libgeoip --with-libiconv

    Missing configure script: (e.g. source code from git) create it with ./autotool.sh (requires extra packages: sudo apt-get install autoconf automake libtool).
    Logging: Add --enable-logging=default to get logs in the current working directory. verbose and error can also be used.
    Debug: To create a debug build add --enable-debug=yes.

Build:

make -j$(nproc)

    CPU Cores: The make option -j$(nproc) will utilize all available cpu cores.

Install library and python bindings:

sudo checkinstall
sudo ldconfig

Substituted make install for checkinstall as it creates a deb package for easier removal/re-install by dpkg.
Running ldconfig avoids an ImportError for libtorrent-rasterbar.so, a result of Python being unable to find the main library.

Verify libtorrent and the python bindings are installed correctly:

python -c "import libtorrent; print libtorrent.version"
>> 1.0.6.0