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Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 111. (Read 542140 times)

newbie
Activity: 11
Merit: 0
I finally installed the QT Wallet and its fully synced and I've moved my coins from Bittrex to the wallet.

Can anyone explain to me how to begin staking? I've already unlocked my wallet and checked the "For Staking Only" section. However on the Dashboard I see the following:

Spendable: 12000
Stake: 0
Unconfirmed: 0

Can someone tell me what the Stake: 0 means? Am I not staking anything right now?

If your wallet is unlocked it is staking. The point of staking is to verify transactions on the network effectively distributing and protecting it. So the whole thing works by probability. If you keep your wallet connected you will net 1-5% a year depending on how many people are connected. Usually most coins never have more than 30% of the supply staking so you can expect up to 3%.

Your rewards will come in randomly as long as it is unlocked for staking.

You can see here exactly how many people are staking and who is winning blocks...
https://chainz.cryptoid.info/bay/#!extraction


Also for those people who have not updated to the latest software since November 1st please do. Since I've noticed about 55% of the users have updated. You must update before the 30th of November.


Will there be a coin swap?

No coin swap needed when there is such a competent dev as David. Just make sure you have the wallet that was released Nov 1st. (Qt wallet or client. Both are fine.) The wallet will handle the the fork automatically. You wont even notice that it happens.

Hi. November 30th is good news for BitBay supporters.  Hopefully, you can help me.  I installed the software for BitBay Client and BitBay Lite Wallet.  The installation went well. I did not encounter difficulty.  When I tried to backup the wallet.dat, I could not locate it according to the instructions from the BitBay website.  Did my physical wallet.dat become invisible?  Can my wallet still be eligible for staking and the fork coming? Thanks for the assistance.
hero member
Activity: 661
Merit: 504
Hi, everyone. A great run for Bitbay. Just wallet installation questions from a newbie trying to jump in to Bitbay's promising acceleration. I was able to download the Bitbay Client and BitBay Lite Wallet but I could not find the newly generated wallet.dat in my pc. Followed instructions accordingly using the top menu and doing it manually. Using the top menu, I got the message that I have new wallet, when I went to open the wallet I was able to unlock the first key done during the installation process.  When prompted for the second key, I got the message "Key2.private file not found check the filename and try again." In this instance, I manually provided for the location of the second key then the Bitbay screen went blank. I went to the next choice from the top menu "Backup Wallet." I got the message "Please choose a folder to save each key to. You can save them in the same folder as long as they have different names." The next window asks to save the key not the wallet.dat.  Are the 2keys the same as the wallet or the 2keys are just like use to open the wallet?
 The instruction states "The file can be found in the following locations: C:/users/"your name"/Appdata/Roaming." Doing it manually, I was able to go to  C:/users/"your name"/Roaming .....I could not locate the Appdata....Thanks for your assistance on this matter.... 

You are describing the client, so I will focuse on that.
In the client your keys are not embedded in your wallet.dat. They are stored as two seperate key files (multisig) called key1.private and key2.private or whatever you rename them to.
According to your description you did everything right uptil the moment your bitbay screen went blank. I suggest you do it again, and give it a few moments. If you still have problems, please join slack. It's easier for us to provide support in there. We have been forced to revert to handle invites manually, but we check a few times a day. https://bitbay.market/slack/
newbie
Activity: 11
Merit: 0
Reminder

We are forking November 30th. Download and start using the new wallet now.
The new wallet handles the fork automatically, so you don't have to worry about it once you have installed it.

Bumping this

This looks very promising...a great incentive for BitBay supporters...
newbie
Activity: 11
Merit: 0
Hi, everyone. A great run for Bitbay. Just wallet installation questions from a newbie trying to jump in to Bitbay's promising acceleration. I was able to download the Bitbay Client and BitBay Lite Wallet but I could not find the newly generated wallet.dat in my pc. Followed instructions accordingly using the top menu and doing it manually. Using the top menu, I got the message that I have new wallet, when I went to open the wallet I was able to unlock the first key done during the installation process.  When prompted for the second key, I got the message "Key2.private file not found check the filename and try again." In this instance, I manually provided for the location of the second key then the Bitbay screen went blank. I went to the next choice from the top menu "Backup Wallet." I got the message "Please choose a folder to save each key to. You can save them in the same folder as long as they have different names." The next window asks to save the key not the wallet.dat.  Are the 2keys the same as the wallet or the 2keys are just like use to open the wallet?
 The instruction states "The file can be found in the following locations: C:/users/"your name"/Appdata/Roaming." Doing it manually, I was able to go to  C:/users/"your name"/Roaming .....I could not locate the Appdata....Thanks for your assistance on this matter.... 
newbie
Activity: 62
Merit: 0
Hey guys up vote this, to add bitbay to the new atomic swap exchange https://feedback.altcoinexchange.com/suggestions/2025/add-bitbay-coin-to-your-exchange-website-bitbaymarket . here is to sign up for when it arrive http://www.altcoinexchange.com?kid=HR56W . and here is a demo to try it out https://swap.altcoin.io/swap
newbie
Activity: 7
Merit: 0
20/11 new Web pro, 27/11 new wallet pro, 30/11 Big news update Bitbay!
https://twitter.com/BitBayofficial/status/930520054252400640. Thanks!
newbie
Activity: 6
Merit: 0
hero member
Activity: 661
Merit: 504
Reminder

We are forking November 30th. Download and start using the new wallet now.
The new wallet handles the fork automatically, so you don't have to worry about it once you have installed it.

Bumping this
hero member
Activity: 661
Merit: 504
Hello guys when the new website will be ready, someone say in couple days is that true? that would speed up for sure the price up.

New website will be released Nov 20th.
Web wallet will be released Nov 27th.
Our own forum will be released Dec 4th

 Smiley

Edit: Forum was not on the roadmap, but we decided to add it.
sr. member
Activity: 574
Merit: 250
Hello guys when the new website will be ready, someone say in couple days is that true? that would speed up for sure the price up.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
are there masternodes on bitbay similar to syscoin's idea?

not as yet but hopefully david will implement something very similar to encourage accumulation and savings and loyalty to bay..

he can easily do it if he wishes to as you know with the new locking feature.
legendary
Activity: 942
Merit: 1026
great to see that bitbay finally gets the attention it deserves.
holding strong since 49 sat Cool
hero member
Activity: 661
Merit: 504
Where can I find the latest wallet? The site still shows the old one? Thanks

The wallet downloads on the site are the new ones. I recommend downloading the client, but Qt wallet is fine too.
hero member
Activity: 661
Merit: 504
I finally installed the QT Wallet and its fully synced and I've moved my coins from Bittrex to the wallet.

Can anyone explain to me how to begin staking? I've already unlocked my wallet and checked the "For Staking Only" section. However on the Dashboard I see the following:

Spendable: 12000
Stake: 0
Unconfirmed: 0

Can someone tell me what the Stake: 0 means? Am I not staking anything right now?

If your wallet is unlocked it is staking. The point of staking is to verify transactions on the network effectively distributing and protecting it. So the whole thing works by probability. If you keep your wallet connected you will net 1-5% a year depending on how many people are connected. Usually most coins never have more than 30% of the supply staking so you can expect up to 3%.

Your rewards will come in randomly as long as it is unlocked for staking.

You can see here exactly how many people are staking and who is winning blocks...
https://chainz.cryptoid.info/bay/#!extraction


Also for those people who have not updated to the latest software since November 1st please do. Since I've noticed about 55% of the users have updated. You must update before the 30th of November.


Will there be a coin swap?

No coin swap needed when there is such a competent dev as David. Just make sure you have the wallet that was released Nov 1st. (Qt wallet or client. Both are fine.) The wallet will handle the the fork automatically. You wont even notice that it happens.
sr. member
Activity: 470
Merit: 251
Bitbay is the Future!!!
Where can I find the latest wallet? The site still shows the old one? Thanks

Here you go m8  Cool

https://bitbay.market/downloads/
hero member
Activity: 1328
Merit: 563
MintDice.com | TG: t.me/MintDice
are there masternodes on bitbay similar to syscoin's idea?
jr. member
Activity: 61
Merit: 1
Join The Frontier
Where can I find the latest wallet? The site still shows the old one? Thanks
sr. member
Activity: 470
Merit: 251
Bitbay is the Future!!!
I finally installed the QT Wallet and its fully synced and I've moved my coins from Bittrex to the wallet.

Can anyone explain to me how to begin staking? I've already unlocked my wallet and checked the "For Staking Only" section. However on the Dashboard I see the following:

Spendable: 12000
Stake: 0
Unconfirmed: 0

Can someone tell me what the Stake: 0 means? Am I not staking anything right now?

If your wallet is unlocked it is staking. The point of staking is to verify transactions on the network effectively distributing and protecting it. So the whole thing works by probability. If you keep your wallet connected you will net 1-5% a year depending on how many people are connected. Usually most coins never have more than 30% of the supply staking so you can expect up to 3%.

Your rewards will come in randomly as long as it is unlocked for staking.

You can see here exactly how many people are staking and who is winning blocks...
https://chainz.cryptoid.info/bay/#!extraction


Also for those people who have not updated to the latest software since November 1st please do. Since I've noticed about 55% of the users have updated. You must update before the 30th of November.


Will there be a coin swap?
legendary
Activity: 2412
Merit: 1044
I finally installed the QT Wallet and its fully synced and I've moved my coins from Bittrex to the wallet.

Can anyone explain to me how to begin staking? I've already unlocked my wallet and checked the "For Staking Only" section. However on the Dashboard I see the following:

Spendable: 12000
Stake: 0
Unconfirmed: 0

Can someone tell me what the Stake: 0 means? Am I not staking anything right now?

If your wallet is unlocked it is staking. The point of staking is to verify transactions on the network effectively distributing and protecting it. So the whole thing works by probability. If you keep your wallet connected you will net 1-5% a year depending on how many people are connected. Usually most coins never have more than 30% of the supply staking so you can expect up to 3%.

Your rewards will come in randomly as long as it is unlocked for staking.

You can see here exactly how many people are staking and who is winning blocks...
https://chainz.cryptoid.info/bay/#!extraction


Also for those people who have not updated to the latest software since November 1st please do. Since I've noticed about 55% of the users have updated. You must update before the 30th of November.
member
Activity: 77
Merit: 10
I finally installed the QT Wallet and its fully synced and I've moved my coins from Bittrex to the wallet.

Can anyone explain to me how to begin staking? I've already unlocked my wallet and checked the "For Staking Only" section. However on the Dashboard I see the following:

Spendable: 12000
Stake: 0
Unconfirmed: 0

Can someone tell me what the Stake: 0 means? Am I not staking anything right now?
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