PoS can only be done by an unlocked wallet. In the client it is called 'Staked Mining'. As soon as you unlock your wallet (there is a difference between encrypted & locked) the stake miner will start. You will start to see coins being moved from your balance to your 'Stake' balance. Coins will not be lost. After a while you will start receiving transactions with your earned interest.
How to unlock:
Go to your Debug Window and then open the Console. Type in:
walletpassphrase -yourpassword- -secondstokeepwalletopen- true
An example would be:
walletpassphrase Ex4mpl3P4ssW0rd 3600 true
In this way you'll unlock your wallet for one hour.
How to lock:
Go to your Debug Window and then open the Console. Type in:
walletlock
Now your wallet is locked and you'll stop PoS mining.
Is my stake balance spendable?
- Not sure yet, has to be confirmed by either dev or community
This is the information I have managed to gather so far, If you have any other questions, please leave them here so I can try to answer them!
So, if you have an unencrypted wallet (never encrypted), will it be mining or do you need to go through this process, encrypt, then unencrypt/unlock it?
This is the real question for me too. My wallet ISN'T encrypted and I have had NO passwords / pass-phrases entered into my Blackcoin wallet since installation, im running 1.01.
The stake mining portion sounds awesome, but at the same time I don't want to start using a feature that isn't fully implemented / tested and put my coins at risk. Is there ANYONE who can clarify this?
Same thing here, I've never encrypted or locked or set a password on my wallet, only mined and stored coins in it.
I've tried to get it to mine but there are no clear instructions anywhere I can find and I have searched for hours , this can't be helping the coin any since this was a unique feature of this coin and it should be a lot simpler to use.
All the instructions assume you have a password and I have never used one, this should be idiot proof for people like me and on the 1st page with clear instructions on how easy it is to do, might help the coin if it was easier.
I can't see where to set up a password only encrypt wallet