For some reason I can't get the new wallet to sync. I added several nodes to the .conf file, but it's still not connected to the network.
Please try the following:1. backup wallet.dat (in fact you should always backup it before doing any changes etc)
2. remove data directory "C:\Users\username\Appdata\Roaming\NoblecoinPOS"
3. start client
You may need to wait few minutes as client will look for other peers via IRC. But it should connect and download whole blockchain.
Thank you, I did get it to work. I left it open for a couple of hours and it came back fine. :-)
Now I have a new question... the number of coins in my wallet is staying the same, but my network weight keeps going down. Is there a reason for that?
Let me provide simplified explanation about network's and wallet's weights.
Wallet:
- Each wallet contains one of more transactions.
- Each transaction mints independently from other transactions.
- Each transaction has its own weight.
- Weight depends on both time and amount of money. In standard PoS it is defined as Weight = Time * Number_of_coins. We will use that equation in our example. (However in reality it is bit more complex as we use PoS II from Magi Coin. If you want to dig deeper please check docs at Magi Coin website).
- Weight starts at 0 just after transaction arrived or just after transaction minted.
- Weight is being increased until minting happens or until transaction's age is bigger than max age (30 days). If you open your wallet for staking on regular basis you do not need to worry about hitting the max age.
Network:
- In the world of PoS wallets are unable to calculate exact network weight. So what you see in wallet is just a guess. This guess can be really far away from truth hence it does not make sense to worry too much about it.
- Minting is based on transaction's weight and luck. And since luck is involved it is difficult to predict exactly when each transaction is going to mint.
- The only factors we have in control are how old each transaction is and how often and for how long wallet is kept open for minting.
- To improve first factor just keep money in your wallet, do not send it back and forth between wallet and exchange etc.
- To improve second factor just keep your wallet open when your computer is online. This is also very important from security point of view. As the more staking coins are online the more difficult it is to attack the network.
Speaking about whole network's weight there was one significant factor which happened recently. Basically there was lots of money stuck at Cryptsy which was not used for staking. I know people who had tens of millions of coins which they wanted to move into their personal wallets ASAP. And after Cryptsy migrated their wallet to PoS many users did exactly that - transferred money from Cryptsy into personal wallets. This increased network weight for sure.
