Topic: PPCoin Proof of Stake Minting Setup Guide - page 2. (Read 57036 times)
Do I need to have the PPcoin-Qt program open or will the "Proof of Stake" also be created if I only run the daemon?
Can stake be mined in pools somehow? Would be interestin for people that don't have a lot of coins but would like to get that 1% interest yearly.
Stake coins to pool -> get shares equal to your coindays destroyed when the block is made.
Would be nice!
Stake coins to pool -> get shares equal to your coindays destroyed when the block is made.
Would be nice!
In theory it is possible I guess, but then you need to trust a counterparty with your coins... I do not think it is (yet?) possible to somehow "connect your stake" to pool.
what are the risks with minting?
I note the issue above
can some one post some images about what you would see when minting I heard it looks like you stake get sent somewhere, and then is sent back!
I note the issue above
can some one post some images about what you would see when minting I heard it looks like you stake get sent somewhere, and then is sent back!
Can stake be mined in pools somehow? Would be interestin for people that don't have a lot of coins but would like to get that 1% interest yearly.
Stake coins to pool -> get shares equal to your coindays destroyed when the block is made.
Would be nice!
Stake coins to pool -> get shares equal to your coindays destroyed when the block is made.
Would be nice!
Been doing some POS minting and got some PPC the last few days. (around 0.35 PPC to 0.99 PPC)
Also been doing PPC mining since NOV 2012 last year.
It's been a crazy ride and I hope the price goes over USD 100 soon.
Also been doing PPC mining since NOV 2012 last year.
It's been a crazy ride and I hope the price goes over USD 100 soon.
Getting PPC minting easier to use and monitor would make this coin skyrocket. I've been holding some for over a year and didn't know it was yet possible to mint via PoS until now. I only googled it just out of curiosity. I.e. not from any news or pump from the PPC community. I'm still holding out minting with my PPC until I can see more folks having success.
If you're stake mining how can you see what's going on? I have the "wallet is unencrypted for block minting only" message but I cannot see any progress/hash rate or whatever using any of the RPC commands. Even getmininginfo shows nothing useful for POS. How can I be sure everything is right? (I think this is still very bad UI-wise)
Also: how long will it take based on coin years? I have >75 coin years, how long will it take on average?
Also: how long will it take based on coin years? I have >75 coin years, how long will it take on average?
Can someone answer my question? After trying for 4 weeks I gave up. The way it's implemented now is really discouraging, even though it says it's unlocked for minting I kind of doubt it if it takes this long.
If you see "wallet is unencrypted for block minting only" then it's already working. Have faith! It will give you stake eventually, but it could take a lot of time.
If you really need to see how this works faster, try mining some other coin with PoS implemented in shorter time segments (Hobonickels, Grain). I was also extremely skeptical of the PoS process until I got my first PoS coins.
I was not skeptical, until I tried to figure out how long it was supposed to take and ended up empty handed. The I tried for 4 weeks straight with >75coin years and got nothing. Not having an idea how long it takes combined with the fact it takes so long I just got frustrated and was done with it. That is not really the idea behind a PoS coin (and I have far above average technical skills compared with the average user). Someone please tell me how long it should take or point to a resource which allows me to calculate.
Mind I was solo mining Namecoin back in the day when my average block time was 7 days. I didn't care it took so long because I knew what the average time was.
If you're stake mining how can you see what's going on? I have the "wallet is unencrypted for block minting only" message but I cannot see any progress/hash rate or whatever using any of the RPC commands. Even getmininginfo shows nothing useful for POS. How can I be sure everything is right? (I think this is still very bad UI-wise)
Also: how long will it take based on coin years? I have >75 coin years, how long will it take on average?
Also: how long will it take based on coin years? I have >75 coin years, how long will it take on average?
Can someone answer my question? After trying for 4 weeks I gave up. The way it's implemented now is really discouraging, even though it says it's unlocked for minting I kind of doubt it if it takes this long.
If you see "wallet is unencrypted for block minting only" then it's already working. Have faith! It will give you stake eventually, but it could take a lot of time.
If you really need to see how this works faster, try mining some other coin with PoS implemented in shorter time segments (Hobonickels, Grain). I was also extremely skeptical of the PoS process until I got my first PoS coins.
If you're stake mining how can you see what's going on? I have the "wallet is unencrypted for block minting only" message but I cannot see any progress/hash rate or whatever using any of the RPC commands. Even getmininginfo shows nothing useful for POS. How can I be sure everything is right? (I think this is still very bad UI-wise)
Also: how long will it take based on coin years? I have >75 coin years, how long will it take on average?
Also: how long will it take based on coin years? I have >75 coin years, how long will it take on average?
Can someone answer my question? After trying for 4 weeks I gave up. The way it's implemented now is really discouraging, even though it says it's unlocked for minting I kind of doubt it if it takes this long.
I believe I read somewhere that user wouldn't be able to send payments from encrypted wallet while it is "open for minting purpose only". However, I tried sending 0.1 coins in this state and they went through without asking password. Can anyone confirm this observation?
Maybe I understood the logic wrong?
Maybe I understood the logic wrong?
Oh ok so maybe I stand corrected. Only rpc on commandline is currently blocked from sending. This is actually considered a bug as the qt should ask you for passphrase in a future release.
Does anyone know if this bug has been fixed? It's a huge security outage and deters holders of peercoin from minting...like me. :-)
Need help on a Mac. This is what I've done so far:
1. Have PPcoin-Qt installed and encrypted. I have ppcoind in my documents folder.
2. I open PPcoin-Qt so it's running then I open up terminal and navigate to: cd /Users/username/Documents
3. terminal shows me that I'm in: Documents username$
4. then I try running: ./ppcoind walletpassphrase ************* 9999999 true
and I get the following error: -bash: ./ppcoind: Operation not permitted
Can anyone help?
1. Have PPcoin-Qt installed and encrypted. I have ppcoind in my documents folder.
2. I open PPcoin-Qt so it's running then I open up terminal and navigate to: cd /Users/username/Documents
3. terminal shows me that I'm in: Documents username$
4. then I try running: ./ppcoind walletpassphrase ************* 9999999 true
and I get the following error: -bash: ./ppcoind: Operation not permitted
Can anyone help?
you have to be in the same directory as qt is. on mine its /where ever i unzipped the client/bin/64/ so if your in just "documents" you need to cd /ppcoind/bin/64 (or 32, depending on system architecutre)
if that doesnt work trying putting "sudo" in front ./ppcoind...
maybe we should create a PPC fund for these things... I am willing to add 5 PPC for the dev who implements a stake mining button.
It would be great if we could stake mine with a button in the client. Devs, please get to work 
This!
I've had PPC for more than a year and this is the first time i hear it doesn't mine automatically. (should have guessed XD)
The least you guys could do is add a tutorial under 'help'
If you don't encrypt your wallet POS mining is automatic. Even you didn't mine anything for a year, the coinage you accumulated is still there. When you start mining you have higher likelihood to mine some.
It would be great if we could stake mine with a button in the client. Devs, please get to work
This!
I've had PPC for more than a year and this is the first time i hear it doesn't mine automatically. (should have guessed XD)
The least you guys could do is add a tutorial under 'help'
These kinds of things are the reason cryptocurrencies don't get mainstream support yet. It's just too damn hard to use, and the devs don't give a shit that it is. (no offence, and not perticular to PPC, all coins are the same on that regard). I'll go on my knees and kiss the ground for the first coin that offers in client mining, a decent updater and an in client tutorial with written out chapters and help pages. Everyone on this board always says its not important and i should 'google it!' but that is a load of bollocks. Either cryptocoins become more accessible and user friendly, or we get stuck in the 'early adopters only' stage.
I'm new in mining and no hotshot with computers. I have been running this program for a week. Got the "Wallet is encrypted and currently unlocked for block minting only" message, buy nothing has happend until now. My question is, do I actually need, to have coins in the wallet before mining, for starting the proces. This guide is nice, bur you REALLY have to do something about the working interface, this is a Terrible program, for newbies.
PC6e4Atv4CDeLoT1aUmh7EGiU9ghipYEQz.
PC6e4Atv4CDeLoT1aUmh7EGiU9ghipYEQz.
It would be great if we could stake mine with a button in the client. Devs, please get to work
I cant believe nobody had ever said anything in this thread.
This comment is directed at those of you who are getting the type mismatch error. It is being caused by a special symbol in your password that the computer is interpreting to mean something else. To fix this, insert a \ symbol right before the symbol giving you the issue. (That's for linux, there may be a different way to indicate this in windows, I ran into the same issue, lol).
This comment is directed at those of you who are getting the type mismatch error. It is being caused by a special symbol in your password that the computer is interpreting to mean something else. To fix this, insert a \ symbol right before the symbol giving you the issue. (That's for linux, there may be a different way to indicate this in windows, I ran into the same issue, lol).
I can send coins without entering entering a password, did I do something wrong? It says its locked and encrypted, unlocked for block minting only, but does not ask me for a password, any thoughts 
If you're stake mining how can you see what's going on? I have the "wallet is unencrypted for block minting only" message but I cannot see any progress/hash rate or whatever using any of the RPC commands. Even getmininginfo shows nothing useful for POS. How can I be sure everything is right? (I think this is still very bad UI-wise)
Also: how long will it take based on coin years? I have >75 coin years, how long will it take on average?
Also: how long will it take based on coin years? I have >75 coin years, how long will it take on average?
I have a question:
I had an offline PPC wallet and now that the exchange rate s jumping on BTC-e I am looking to sell a part of it.
I started the stake mining, but this is my question:
does the PPC blockchain "know" that I hold those coins for more than 6 months, so I can send those 50 PPC and keep on stake mining and still receive my stake mining reward?
Or do I need to keep my PPC until i receive my reward?
I had an offline PPC wallet and now that the exchange rate s jumping on BTC-e I am looking to sell a part of it.
I started the stake mining, but this is my question:
does the PPC blockchain "know" that I hold those coins for more than 6 months, so I can send those 50 PPC and keep on stake mining and still receive my stake mining reward?
Or do I need to keep my PPC until i receive my reward?
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