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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: xk5 on April 25, 2013, 08:13:09 PM



Title: PPCoin Proof of Stake Minting Setup Guide
Post by: xk5 on April 25, 2013, 08:13:09 PM
PPCoin Proof of Stake Minting Setup Guide

One of the unique features of PPCoin is the concept of "Proof of Stake" which allows stakeholders (essentially anyone with PPC in their wallet) to generate "interest" on their reserves.  Since I could not find an easy to read guide I have written one myself so that you can start collecting "Proof of Stake" on your PPCoin balance as well!

Step One:

As with all Crypto Coins is to encrypt your wallet... so run the PPCoin-Qt go to the options menu and encrypt your wallet with a strong password.  DO NOT LOSE THE PASSWORD OR YOU LOSE ALL YOUR COINS... FOREVER!!!!  Sorry to be melodramatic but it's important!

Step Two:

Go to your %appdata% folder (usually something like C:\Users\Admin\AppData\Roaming\PPCoin) and create a PPCoin.conf text file as follows.

Code:
#ppcoin.conf
# JSON-RPC options (for controlling a running ppcoind process)

#Server mode allows Qt to accept JSON-RPC commands
server=1

# You must set rpcuser and rpcpassword to secure the JSON-RPC api
rpcuser=<A username>
rpcpassword=<A random password>

#The reserve balance field is the minimum amount of coins you want to have available and NOT put up as stake.  
#The reason for this is that if you are generating proof of stake you cannot spend those coins for 520 blocks.
#reservebalance=10000

Note that the username and password can be anything it doesn't matter (it is NOT your wallet password and you should not make it your wallet password for security reasons) so make it something long and obnoxious.

For more info on reservebalance check the FAQ -> https://github.com/ppcoin/ppcoin/wiki/FAQ

Step Three

Now run the PPCoin-Qt program and open your wallet.  Go to wherever PPCoin is installed:  Usually it's C:\Program Files (x86)\PPCoin\, in that folder you will see PPCoin-Qt.exe along with a daemon folder.  Within the "daemon" folder create a batch file called "mint.bat".

Code:
@echo off
@echo Enter PPC password...
SET /P variable=Password :
ppcoind walletpassphrase %variable% 9999999 true

This batch file will ask you for your wallet password and will unlock your wallet for minting purposes only, any transfers will still require your password to be initiated.  This must be run each time the client is restarted.  

If you did everything correctly you can hover over the lock icon in the lower right corner and it will say "Wallet is encrypted and currently unlocked for block minting only".  In theory you could just have a shortcut or batch file with the password entered but then you'd have a shortcut that has your wallet password sitting in plaintext on your computer which is a terrible idea!

Step Four

Sit back and relax.  

Once you have the client running and you are getting the "unlocked for block minting only" message over the lock you just sit back (for a long time) and let the interest accrue.  

It will be approximately 1% per year on your PPC balance.  Note that it takes a while for freshly minted coins to mature so you will not see interest generated right away.

Extra Information:
The current release of the client will send coins without a password while in minting mode (this may be changed in a future update).

Proof of Stake Important Concepts
Coin-Age:  I receive 10 coins from Person X and hold them for 30 days, those particular coins have a combined coin age of 300 coin-days.
Generating A Coinstake:  Once minting is unlocked you can generate a coinstake which consumes your coin age in exchange for generating a block with profit.  The greater the coin age the higher probability that the proof of stake will be generated, if you are offline for a couple years for example when you reconnect you will probably generate a proof of stake almost immediately however you may have missed opportunities for compounding earlier.
Transferring coins to another person: Destroys all coin-age attached... only static coins gain age.

For detailed info please review the ppcoin whitepaper -> http://www.ppcoin.org/static/ppcoin-paper.pdf


Questions / Comments
If you have any questions post here and I'll try and update this guide with any needed information!

If you found this guide helpful my Tip addresses are:
PPC: PXWSoRA2c6qbiy6o4pS4tt68S6jtssEGQU BTC: 1HujuRGYtFgj7Em1pnhX22KAYnY9sxGAR6 LTC: LPiK3W3F7uqDHsBumArby7akVf7zW9UrhG


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: vindimy on April 25, 2013, 09:10:38 PM
Good guide! So far I've followed instructions exactly, but when I run mint.bat, ppcoind just exists without any error message. What gives?

EDIT: Okay, I see, my PPCoin-Qt UI now says "Wallet is encrypted and currently unlocked for block minting purposes only". So I guess that mint.bat ppcoind command should not stay running in the background. Now, how do I know that block minting is actually occurring?

EDIT2: See this helpful Youtube tutoral for walkthrough! (https://www.youtube.com/watch?v=WnLvE_Vnojc&list=PLBt4zAxcWonnA8-InWGUEw-UZofHdUIeT)


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: xk5 on April 25, 2013, 09:12:37 PM
Good guide! So far I've followed instructions exactly, but when I run mint.bat, ppcoind just exists without any error message. What gives?

Thanks!  Yep, that's correct behavior... did you see if you got the correct message in the QT client?  When you hover over the lock it should say "Wallet is encrypted and currently unlocked for block minting only."


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: vindimy on April 25, 2013, 09:24:51 PM
Thanks, I've updated my post above saying that indeed the PPCoin-Qt's status message changed :)

Now, ppcoind says generate=false when I do "getmininginfo", does it mean it's not mining?

Code:
C:\Users\dv\Downloads\PPCoin-0.3.0\daemon>ppcoind.exe getmininginfo
{
    "blocks" : 44845,
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "difficulty" : 348773.05554859,
    "errors" : "",
    "generate" : false,
    "genproclimit" : -1,
    "hashespersec" : 0,
    "pooledtx" : 0,
    "testnet" : false
}

Also, if you know about how stake rewards work, could you elaborate on:

If you find a stake the reward is 1 cent per coin-year consumed (can be roughly understood as 1% interest annually)

I'm really fuzzy on what is the difficulty of finding stakes is. Assuming I did find one, though, I guess 1% means I'll be getting 1 PPCoin per 100 PPCoins in wallet?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on April 25, 2013, 09:36:59 PM
Good guide thanks! One more thing, in the minting-only unlock mode, you cannot send coins in gui I think in the current release. In order to send coins you should lock wallet first and then send as usual.

ppcoind walletlock


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: xk5 on April 25, 2013, 11:12:41 PM
Thanks, I've updated my post above saying that indeed the PPCoin-Qt's status message changed :)

Great!  

Quote
Also, if you know about how stake rewards work, could you elaborate on:

I'm really fuzzy on what is the difficulty of finding stakes is. Assuming I did find one, though, I guess 1% means I'll be getting 1 PPCoin per 100 PPCoins in wallet?

You are now passively generating "Proof of Stake", the unique feature of PPCoin, essentially a small amount of interest just from holding the currency.  

So as long as your wallet is unlocked as shown in the main post you will average about 1 PPC per 100 PPC each year.  Any coins you have need to mature for a while so you won't see the "interest" for a while.

Quote
Now, ppcoind says generate=false when I do "getmininginfo", does it mean it's not mining?

Yes, it's not mining in the traditional sense which is generally applied to "Proof of Work" blocks... for that you should use a separate program such as Reaper or CGMiner, just like with Bitcoin or Litecoin.  You can find more info on that here -> http://cryptocur.com/ppcoin-ppc-mining-guide-gpu/.  You can have both going at the same time, "Proof of Work" is actively mining more PPC blocks (normal mining) while your "Proof of Stake" (your PPC balance in your wallet) is passively accumulating interest over time.



Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on April 25, 2013, 11:32:47 PM
Typo here: should be 'lock'

Extra Information:
According to SunnyKing, at current release in the minting-only unlock mode, you cannot send coins... to unlock your wallet you will need to go to your PPCoin/daemon directory and run:
Code:
ppcoind walletlock


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: xk5 on April 25, 2013, 11:44:44 PM
Typo here: should be 'lock'

Thanks, corrected now!


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: FreeBit on April 26, 2013, 01:09:09 AM
Question:

If I mint with 100PPC, how high is the probability to receive - let's say - 0.1 ppc after 30 days?

How is the minting rate and amount calculated?

HowMuchCoinsPerDay(n: Coins, x: CoinAge)


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: xk5 on April 26, 2013, 02:59:06 AM
Question:

If I mint with 100PPC, how high is the probability to receive - let's say - 0.1 ppc after 30 days?

How is the minting rate and amount calculated?

HowMuchCoinsPerDay(n: Coins, x: CoinAge)


Added some info to the first post...  

Proof of Stake Important Concepts
Coin-Age:  I receive 10 coins from Person X and hold them for 30 days, those particular coins have a combined coin age of 300 coin-days.
Generating A Coinstake:  Once minting is unlocked you can generate a coinstake which consumes your coin age in exchange for generating a block with profit.  The greater the coin age the higher probability that the proof of stake will be generated, if you are offline for a couple years for example when you reconnect you will probably generate a proof of stake almost immediately however you may have missed opportunities for compounding earlier.
Transferring coins to another person: Destroys all coin-age attached... only static coins gain age.

For detailed info please review the ppcoin whitepaper -> http://www.ppcoin.org/static/ppcoin-paper.pdf

The actual probability of it generating does adjust based on network factors.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: jjiimm_64 on April 26, 2013, 03:42:10 AM
Good guide thanks! One more thing, in the minting-only unlock mode, you cannot send coins in gui I think in the current release. In order to send coins you should lock wallet first and then send as usual.

ppcoind walletlock

I followed the guide .. created the bat file. when I execute the bat file I get this:

Code:
c:\Program Files (x86)\PPCoin\daemon>mint
Enter PPC password...
Password : xxxxxxxxxxx
error: {"code":-17,"message":"Error: Wallet is already unlocked, use walletlock
first if need to change unlock settings."}

c:\Program Files (x86)\PPCoin\daemon>

but the gui still says  Minting suspended due to a locked wallet.


edit:  after a while the gui is right and now the client is unlocked for block minting purpose... Thank you for the guide....



Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on April 26, 2013, 04:01:22 AM

I followed the guide .. created the bat file. when I execute the bat file I get this:

Code:
c:\Program Files (x86)\PPCoin\daemon>mint
Enter PPC password...
Password : xxxxxxxxxxx
error: {"code":-17,"message":"Error: Wallet is already unlocked, use walletlock
first if need to change unlock settings."}

c:\Program Files (x86)\PPCoin\daemon>

but the gui still says  Minting suspended due to a locked wallet.

edit:  after a while the gui is right and now the client is unlocked for block minting purpose... Thank you for the guide....


Yeah the gui has a little delay to update so if you ran the script twice it would report that error on the 2nd time.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Shevek on April 26, 2013, 11:52:26 AM
I'm interested in projects like this, against the stupid hashrate race that contributes nothing to bitcoin (indeed it promotes recentralization through pools). In fact I have my own ideas about the topic, not to be discussed here, of course.

I'm not sure if I understood well the concept of "proof of stake" (PoS).

1) If I  try a block and I have no success... is my stake wasted?
2) Are the difficulties of proof-of-work and proof-of-stake different?
3) Doesn't this PoS promote hoarding?
4) I don't see how PoS can secure the network, because there is no special incentive for a node to keep in. I can gain my coins, disconnect the node, and after some weeks return to get my reward.

TIA for your answers/comments


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: FreeBit on April 26, 2013, 12:14:32 PM
Question:

When I have 100 CoinYears accumulated, do I have to wait around one year to get one Coin or it is more probably to get 1/365 Coins per day?

What is the minimal amount of Coins generated by minting?


As you can see, I don't get. Maybe I am too stupid or the ones who get it are way above the average. I didn't found anything online that explained the minting mechanismin way, that I understood it. FAQ on ppcoin.org have to explain this way much better ....


With 100 CoinYears do I have to wait one year or will I get 0.00000x Coins every hour?
What are the concrete probabilities? Examples? How is difficulty influencing this?

I simply do not find this information (and I am pissed off because of this and the way how this is treated)!





Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Guido on April 27, 2013, 11:58:22 PM
need a simple option on wallet to have locked for sending coins but to allow minting, without going into files and playing with code
risky and confusing
needs a patch for this imo

Sunny?

thanks


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on April 28, 2013, 12:17:06 AM
I'm interested in projects like this, against the stupid hashrate race that contributes nothing to bitcoin (indeed it promotes recentralization through pools). In fact I have my own ideas about the topic, not to be discussed here, of course.

I'm not sure if I understood well the concept of "proof of stake" (PoS).

1) If I  try a block and I have no success... is my stake wasted?
2) Are the difficulties of proof-of-work and proof-of-stake different?
3) Doesn't this PoS promote hoarding?
4) I don't see how PoS can secure the network, because there is no special incentive for a node to keep in. I can gain my coins, disconnect the node, and after some weeks return to get my reward.

TIA for your answers/comments

1) Stake comes from successfully generating a block, there is no separate operation to declare your stake. So only when you find a block part of your balance is converted into stake, for the next 520 blocks.
2) Yes the difficulties are separate.
3) hoarding also has another name called 'saving'.
4) keeping the wallet open for more time would allow minter more chance to find blocks and split your large coins to better size so to reduce your wastage of coin age when you spend. But yes there is very little pressure to keep wallet running 24x7 as ppcoin intends to be energy efficient so you can just run it when you use your computer.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on April 28, 2013, 12:20:27 AM
Question:

When I have 100 CoinYears accumulated, do I have to wait around one year to get one Coin or it is more probably to get 1/365 Coins per day?

What is the minimal amount of Coins generated by minting?

As you can see, I don't get. Maybe I am too stupid or the ones who get it are way above the average. I didn't found anything online that explained the minting mechanismin way, that I understood it. FAQ on ppcoin.org have to explain this way much better ....

With 100 CoinYears do I have to wait one year or will I get 0.00000x Coins every hour?
What are the concrete probabilities? Examples? How is difficulty influencing this?

I simply do not find this information (and I am pissed off because of this and the way how this is treated)!

It's a random process, basically the more coins you have and more often you keep wallet running the better chance you will generate blocks.

No, you don't get interest every hour, you only get paid if you find blocks. If you do there will be a 'mint-by-stake' transaction in your wallet.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on April 28, 2013, 12:24:25 AM
need a simple option on wallet to have locked for sending coins but to allow minting, without going into files and playing with code
risky and confusing
needs a patch for this imo

Sunny?

thanks

Yes I already noted that the current procedure to enable minting for gui+encryption is not user friendly. It will be made easier for qt.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Yurizhai on April 28, 2013, 01:11:07 AM
need a simple option on wallet to have locked for sending coins but to allow minting, without going into files and playing with code
risky and confusing
needs a patch for this imo

Sunny?

thanks

Yes I already noted that the current procedure to enable minting for gui+encryption is not user friendly. It will be made easier for qt.

Great to hear that Sunny. Another thing I keep hearing about is people complaining about the design/user friendliness of the official PPCoin site. Any word on that?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on April 28, 2013, 01:55:30 AM
Great to hear that Sunny. Another thing I keep hearing about is people complaining about the design/user friendliness of the official PPCoin site. Any word on that?

I hear that a lot too. Although that would take a low priority right now. The site is meant to be a portal for people to find stuff easier. The github wiki actually can be updated by any user I think, if you have some good ideas and writings you don't need to ask my permission to add stuff to it.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: FreeBit on April 28, 2013, 11:00:09 AM
Question:
...

With 100 CoinYears do I have to wait one year or will I get 0.00000x Coins every hour?
What are the concrete probabilities? Examples? How is difficulty influencing this?

I simply do not find this information (and I am pissed off because of this and the way how this is treated)!

It's a random process, basically the more coins you have and more often you keep wallet running the better chance you will generate blocks.

No, you don't get interest every hour, you only get paid if you find blocks. If you do there will be a 'mint-by-stake' transaction in your wallet.

What are the numbers? The formulas/functions? If they are too complicated, what is the first approximation?

I still do not have any idea what happens with my 100 CoinYears regarding minting in one day.


What the fuck is so complicate or difficult about my question? Do you believe you are the only one who can handle numbers, functions, formulas, probalities?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: FreeBit on April 28, 2013, 11:31:57 AM

Great to hear that Sunny. Another thing I keep hearing about is people complaining about the design/user friendliness of the official PPCoin site. Any word on that?

Lets stop playing it nicely (from min 4:20 (https://www.youtube.com/watch?v=q2ugh_DuYMM)):

First, I think the (POS/POW-)concept of ppcoin ist great, innovative, the next step in crypto currency evolution. Honest and sincere respect to you, Sunny, for that.

But (IMO)...

  • ... the name is somehow shitty, difficult and obscure.
  • ... the icon is crap: an irrecognizable, blurry, fuzzy, greygreen somewhat.
  • ... the website is ridiculous: Nice for an amateur, hobby thing - but not for a multi-billion-dollar project. Is this really a GTA-mapin the background?
  • ... the main client is insufficient: First of all, there is written "bitcoin" everywhere - and, second and more important, you cannot do minting (a key feature of ppcoin) with an encrypted wallet, while it is possible with the command line daemon.
  • ... an understandable documentation regarding the key feature minting is not there, in a usable form. This is somehow very unpolite to the users.

Someone has to improve this things (Before someone say it: I won't do it. I am not a designer, I do not have access to ppcoin.org and I don't know the deeper mechanics of ppcoin). Sunny, you have to organize this somehow - because you are the obviously the boss.

If this is not done, someone (like MC2) will take and copy the concept and improve it. PPCoin will be weed out of the evolution of crypto currencies.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: matt608 on April 28, 2013, 11:58:53 AM
I can't say I understand PPC 100% as I have a Mac and can't test out the client, however I must say the idea of new coins being created by savers earning a small amount of interest instead of mining is a really good idea.  

I do think this process should of earning interest should be built in to happen automatically.  The general population isn't going to want to have to do some 'minting' thing where they have to get to grips with all these new terms (coin age, coin years, proof of stake), as wonderful and necessary as they may be for developers, they are off putting to new users.  People just need to know that with PPC, if you keep hold of your coins there is a 1% interest rate (am I correct it's 1%?).  That's it.  That's all people need to know, that you earn interest on your PPC and that it's more environmentally friendly by saving computing power.  We need to keep all this proof of stake and peculiar (though interesting) terms like coin-age to the developers.



Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: vindimy on April 29, 2013, 07:46:40 PM

Great to hear that Sunny. Another thing I keep hearing about is people complaining about the design/user friendliness of the official PPCoin site. Any word on that?

Lets stop playing it nicely (from min 4:20 (https://www.youtube.com/watch?v=q2ugh_DuYMM)):

First, I think the (POS/POW-)concept of ppcoin ist great, innovative, the next step in crypto currency evolution. Honest and sincere respect to you, Sunny, for that.

But (IMO)...

  • ... the name is somehow shitty, difficult and obscure.
  • ... the icon is crap: an irrecognizable, blurry, fuzzy, greygreen somewhat.
  • ... the website is ridiculous: Nice for an amateur, hobby thing - but not for a multi-billion-dollar project. Is this really a GTA-mapin the background?
  • ... the main client is insufficient: First of all, there is written "bitcoin" everywhere - and, second and more important, you cannot do minting (a key feature of ppcoin) with an encrypted wallet, while it is possible with the command line daemon.
  • ... an understandable documentation regarding the key feature minting is not there, in a usable form. This is somehow very unpolite to the users.

Someone has to improve this things (Before someone say it: I won't do it. I am not a designer, I do not have access to ppcoin.org and I don't know the deeper mechanics of ppcoin). Sunny, you have to organize this somehow - because you are the obviously the boss.

If this is not done, someone (like MC2) will take and copy the concept and improve it. PPCoin will be weed out of the evolution of crypto currencies.

Look, criticizing anything is easy. Everyone likes complaining on the internet, it probably relieves your stress from not getting laid for so long. But since all you do is talk shit, the net result of your contribution is 0.

You come off as very self-entitled, "give it to me now / I wanna have it my way or else you suck" type. You're posting off-topic, and your points are either obvious (website design can be improved? no shit), or downright dumb (shitty name? lol).

Someone who actually cares will offer up some real help to project owners rather than spreading FUD around here. So, go play with your toys and let the adults have a constructive conversation.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: JessicaMILFson on April 30, 2013, 01:18:41 AM

Great to hear that Sunny. Another thing I keep hearing about is people complaining about the design/user friendliness of the official PPCoin site. Any word on that?

Lets stop playing it nicely (from min 4:20 (https://www.youtube.com/watch?v=q2ugh_DuYMM)):

First, I think the (POS/POW-)concept of ppcoin ist great, innovative, the next step in crypto currency evolution. Honest and sincere respect to you, Sunny, for that.

But (IMO)...

  • ... the name is somehow shitty, difficult and obscure.
  • ... the icon is crap: an irrecognizable, blurry, fuzzy, greygreen somewhat.
  • ... the website is ridiculous: Nice for an amateur, hobby thing - but not for a multi-billion-dollar project. Is this really a GTA-mapin the background?
  • ... the main client is insufficient: First of all, there is written "bitcoin" everywhere - and, second and more important, you cannot do minting (a key feature of ppcoin) with an encrypted wallet, while it is possible with the command line daemon.
  • ... an understandable documentation regarding the key feature minting is not there, in a usable form. This is somehow very unpolite to the users.

Someone has to improve this things (Before someone say it: I won't do it. I am not a designer, I do not have access to ppcoin.org and I don't know the deeper mechanics of ppcoin). Sunny, you have to organize this somehow - because you are the obviously the boss.

If this is not done, someone (like MC2) will take and copy the concept and improve it. PPCoin will be weed out of the evolution of crypto currencies.

Look, criticizing anything is easy. Everyone likes complaining on the internet, it probably relieves your stress from not getting laid for so long. But since all you do is talk shit, the net result of your contribution is 0.

You come off as very self-entitled, "give it to me now / I wanna have it my way or else you suck" type. You're posting off-topic, and your points are either obvious (website design can be improved? no shit), or downright dumb (shitty name? lol).

Someone who actually cares will offer up some real help to project owners rather than spreading FUD around here. So, go play with your toys and let the adults have a constructive conversation.

FreeBit is actually correct about this. These are key issues that needs to be addressed and since we don't really have enough knowledge over the mechanics, it's hard to offer real constructive conversation.

In order to get more people to buy into PPCoins, we need to lower the general entry to use for the masses.

This would require more documentation, more communication. I'm not sure about the self minting issue, but I hope Sunny can address this. Look, I really love the idea of PPCoins, but I hope that the issues that FreeBit have addressed are resolved and fixed. Every successful coin out there right now has these crucial elements that have been identified. The new and upcoming FeatherCoin has nailed this down pretty well too. Given the brilliance of the PPCoin idea, I would expect more widespread adoption, but there isn't right now. Now we have to look at why. If there are actually instances of the word Bitcoin in the client, then that speaks lack of professionalism in our coin itself.

We're not spreading FUD, we are just concerned with these issues and want every bit of PPCoin to succeed.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Yurizhai on April 30, 2013, 01:29:00 AM
Jessica what the hecks are the crucial elements of Feathercoin?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: JessicaMILFson on April 30, 2013, 01:48:34 AM
They branded themselves as something that is very light. Lighter than Litecoin.

https://bitcointalk.org/index.php?topic=188841.0


They have multiple slogans such as:

"Feathercoin - so light you won't notice the wait"

But essentially, they are a copycat of Litecoin that offers more coins, so I think they did pretty good at conveying that.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: gramma on April 30, 2013, 01:56:04 PM
Back on the topic of ease of use and fiddling around with scary code and such, I had a hell of a time implementing the "scary code" of mint.bat.  It wasn't until I ran it in a separate cmd.exe instance that I saw the error generated: it didn't realize part of my password as a valid command. 

Wha..???

I had an "&" as one of my special characters in my not-in-any-dictionary wallet encryption password, right at the place where the batch file was erroring out.  On a hunch I dropped it, and mint.bat now does what it's supposed to do.  Care to put this somewhere in the how-to section - no ampersands in your wallet encryption password if you want to unlock it for minting?  Any other characters to be avoided?

---

Also, agree on the need for ease of use for the graphical client, which I tend to use for that very purpose.  I am not capable of coding the unlocked-for-minting-only functionality, so I guess that might make me just a complainer.  But if minting is a key new feature, it should be highlighted in a non-kludgy way.

Yes, "bitcoin" is all over the client, as has been pointed out.  I might be better able to fix something like that, but I am a little reluctant to volunteer and break something. Nevertheless, if I am being too timid, say something and I'll figure out how to hop in there and make the wording fixes.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: btbrae on April 30, 2013, 02:49:42 PM
I can offer help on ppcoin.org if Sunny King is looking for voluntary assistance. Afaik he has stated it is not a priority but I believe a cleaner portal to the client would help adoption. It's upto Sunny at the end of the day. Feel free to PM me.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Guido on April 30, 2013, 09:45:28 PM
need a simple option on wallet to have locked for sending coins but to allow minting, without going into files and playing with code
risky and confusing
needs a patch for this imo

Sunny?

thanks

Yes I already noted that the current procedure to enable minting for gui+encryption is not user friendly. It will be made easier for qt.

ok, than ks for getting back

just to confirm, you can RECEIVE coins when wallet is locked?
just no interest received

also how the hell does one find how to unlock the wallet, I really can see no way to unlock
to send coins you enter pasword, then it auto RELOCKS

how do you unlock and leave unlocked/??


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on April 30, 2013, 10:04:44 PM
I would be very happy if users start contributing to the github wiki page, so far there is a lot a complaints and no contributions, except for the quite nicely done reddit discussion forum page.

As to the website, there is nothing preventing anybody designing a nicer portal than ppcoin.org, I have a separate domain name ppcoin.info currently not used. If there is community consensus that the design is nice enough I would link ppcoin.info to it. But that would need someone to either volunteer the work and hosting, or try to raise a bounty for it.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Guido on April 30, 2013, 10:15:21 PM
Sunny would you be able to answer the question above please
you prob didn't see as maybe didn't refresh
I cant' send coins to my wallet from exchange without knowing the answer and knowing is safe to receive while locked

and how to unlock???

it really needs an easy unlock feature, obviously placed like now tbh
thats gott be more important than anything else I can think of on backburner

thanks


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on April 30, 2013, 10:19:26 PM
Sunny would you be able to answer the question above please
you prob didn't see as maybe didn't refresh
I cant' send coins to my wallet from exchange without knowing the answer and knowing is safe to receive while locked

and how to unlock???

it really needs an easy unlock feature, obviously placed like now tbh
thats gott be more important than anything else I can think of on backburner

thanks

You don't need to unlock wallet unless you want to mint blocks with an encrypted wallet. For Qt it doesn't need unlock in order to send/receive coins.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Guido on April 30, 2013, 10:20:59 PM
thanks Sunny


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: kneim on May 01, 2013, 08:48:25 PM
What hardware is appropriate for "Proof of Stake" minting?

At this time my coins are on a rather old laptop. For Bitcoin mining this is absolutely insufficient, and for PPC minting? Do I need a VGA card, or even an  FPGA?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on May 01, 2013, 08:53:51 PM
What hardware is appropriate for "Proof of Stake" minting?

At this time my coins are on a rather old laptop. For Bitcoin mining this is absolutely insufficient, and for PPC minting? Do I need a VGA card, or even an  FPGA?

No special hardware required. Proof-of-stake minting is not computing intensive.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: 12gaFacelift on May 01, 2013, 09:44:02 PM
everything say so much....ok then what i just have to keep ppcoind open thats it?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: robotrebellion on May 01, 2013, 09:44:24 PM
This was very useful, thanks!


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Elokane on May 01, 2013, 11:27:35 PM
Thanks a lot for this guide. I looked around a while ago and just gave up due to lack of time.
Great service to the community and hats off to you. :)

Will donate my first minted PPCoin!


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: kong2029 on May 03, 2013, 03:19:34 AM
Sunny,

I have gone through the steps but I can't get into minting mode. I am still seeing "Info: Minting suspended due to locked wallet". on the lower left and "Wallet is encrypted and locked" when hovering over the lock in the lower right.

I have gone through your following steps 1-4.  After starting the wallet up (in the several times I've tried this), I run the mint.bat file and enter my password- to clarify, this is the encryption password for the wallet and not the rpc password in step 2, correct?

before the terminal window disappears i can briefly see "Error: type mismatch".

Any idea of how to fix this?

Thanks and regards-


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on May 03, 2013, 03:45:31 AM
Sunny,

I have gone through the steps but I can't get into minting mode. I am still seeing "Info: Minting suspended due to locked wallet". on the lower left and "Wallet is encrypted and locked" when hovering over the lock in the lower right.

I have gone through your following steps 1-4.  After starting the wallet up (in the several times I've tried this), I run the mint.bat file and enter my password- to clarify, this is the encryption password for the wallet and not the rpc password in step 2, correct?

before the terminal window disappears i can briefly see "Error: type mismatch".

Any idea of how to fix this?

Thanks and regards-

Oh I haven't tried xk5's script, yeah it was meant to be wallet passphrase, to see it you can start->run->'cmd' and then cd to the script directory to run it on command line, so you can see the errors properly without the terminal closing on you.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: gramma on May 03, 2013, 03:46:36 AM
Do you have an ampersand in your encryption password?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: kokojie on May 03, 2013, 04:41:20 AM
Two questions:

1. how do I mint PoS without encrypting my wallet?

2. can I still send coins to my wallet while it is locked for minting?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: InitialLetter on May 03, 2013, 05:22:38 AM
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?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on May 03, 2013, 05:26:36 AM
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?

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.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: kong2029 on May 03, 2013, 08:13:24 AM
Do you have an ampersand in your encryption password?

No I don't.  I have upper and lower case letters, spaces, and numbers.  'type mismatch' is a variable type error, I believe.  Maybe the spaces?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: kong2029 on May 03, 2013, 01:02:17 PM
Do you have an ampersand in your encryption password?

No I don't.  I have upper and lower case letters, spaces, and numbers.  'type mismatch' is a variable type error, I believe.  Maybe the spaces?


FYI, I removed spaces from my password and the wallet unlocked and went into minting mode.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: kong2029 on May 03, 2013, 01:06:22 PM
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?

I can confirm this- I had the same thing happen.



Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: kneim on May 09, 2013, 06:16:17 PM
How can I identify the instance that created the last Proof-of-Stake block? I want to identify PoS-blocks in-a-row.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: kneim on May 10, 2013, 05:58:06 AM
And how do I identify if a specific PoS block is created by myself?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Yurizhai on May 12, 2013, 06:38:59 AM
So do I need to simply unlock for mining for just 2 minutes or so, every week or two? Or leave it unlocked for hours at a time?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: xk5 on May 15, 2013, 10:26:52 PM
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?

I can confirm this- I had the same thing happen.



Thanks for the info, I've updated the main post!


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: mhps on June 11, 2013, 01:28:49 PM
Two questions:

1. how do I mint PoS without encrypting my wallet?

2. can I still send coins to my wallet while it is locked for minting?

Can someone answer this? I can't be borthered to encrypting my wallet (or maybe I don't want to forget the password after a year). Can I still mint PoS? If I can, do I just run ppcoin-qt to check if I find  a block? Do I need to edit ppcoin.conf ?

Thanks


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: MaxGen on June 11, 2013, 02:16:04 PM
FYI, if your pass phrase has spaces, like mine, which is a combination of 8 words with spaces, - When entering the password after running mint.bat, encapsulate the passphrase in quotes ""

That will eliminate the "Type mismatch error"

Do you have an ampersand in your encryption password?

No I don't.  I have upper and lower case letters, spaces, and numbers.  'type mismatch' is a variable type error, I believe.  Maybe the spaces?


FYI, I removed spaces from my password and the wallet unlocked and went into minting mode.



Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: owsleybeatsbigcartel on June 11, 2013, 02:26:54 PM
PPCoin Proof of Stake Minting Setup Guide

One of the unique features of PPCoin is the concept of "Proof of Stake" which allows stakeholders (essentially anyone with PPC in their wallet) to generate "interest" on their reserves.  Since I could not find an easy to read guide I have written one myself so that you can start collecting "Proof of Stake" on your PPCoin balance as well!

Step One:

As with all Crypto Coins is to encrypt your wallet... so run the PPCoin-Qt go to the options menu and encrypt your wallet with a strong password.  DO NOT LOSE THE PASSWORD OR YOU LOSE ALL YOUR COINS... FOREVER!!!!  Sorry to be melodramatic but it's important!

Step Two:

Go to your %appdata% folder (usually something like C:\Users\Admin\AppData\Roaming\PPCoin) and create a PPCoin.conf text file as follows.

Code:
#ppcoin.conf
# JSON-RPC options (for controlling a running ppcoind process)

#Server mode allows Qt to accept JSON-RPC commands
server=1

# You must set rpcuser and rpcpassword to secure the JSON-RPC api
rpcuser=<A username>
rpcpassword=<A random password>

#The reserve balance field is the minimum amount of coins you want to have available and NOT put up as stake.  
#The reason for this is that if you are generating proof of stake you cannot spend those coins for 520 blocks.
#reservebalance=10000

Note that the username and password can be anything it doesn't matter (it is NOT your wallet password and you should not make it your wallet password for security reasons) so make it something long and obnoxious.

For more info on reservebalance check the FAQ -> https://github.com/ppcoin/ppcoin/wiki/FAQ

Step Three

Now run the PPCoin-Qt program and open your wallet.  Go to wherever PPCoin is installed:  Usually it's C:\Program Files (x86)\PPCoin\, in that folder you will see PPCoin-Qt.exe along with a daemon folder.  Within the "daemon" folder create a batch file called "mint.bat".

Code:
@echo off
@echo Enter PPC password...
SET /P variable=Password :
ppcoind walletpassphrase %variable% 9999999 true

This batch file will ask you for your wallet password and will unlock your wallet for minting purposes only, any transfers will still require your password to be initiated.  This must be run each time the client is restarted.  

If you did everything correctly you can hover over the lock icon in the lower right corner and it will say "Wallet is encrypted and currently unlocked for block minting only".  In theory you could just have a shortcut or batch file with the password entered but then you'd have a shortcut that has your wallet password sitting in plaintext on your computer which is a terrible idea!

Step Four

Sit back and relax.  

Once you have the client running and you are getting the "unlocked for block minting only" message over the lock you just sit back (for a long time) and let the interest accrue.  

It will be approximately 1% per year on your PPC balance.  Note that it takes a while for freshly minted coins to mature so you will not see interest generated right away.

Extra Information:
The current release of the client will send coins without a password while in minting mode (this may be changed in a future update).

Proof of Stake Important Concepts
Coin-Age:  I receive 10 coins from Person X and hold them for 30 days, those particular coins have a combined coin age of 300 coin-days.
Generating A Coinstake:  Once minting is unlocked you can generate a coinstake which consumes your coin age in exchange for generating a block with profit.  The greater the coin age the higher probability that the proof of stake will be generated, if you are offline for a couple years for example when you reconnect you will probably generate a proof of stake almost immediately however you may have missed opportunities for compounding earlier.
Transferring coins to another person: Destroys all coin-age attached... only static coins gain age.

For detailed info please review the ppcoin whitepaper -> http://www.ppcoin.org/static/ppcoin-paper.pdf


Questions / Comments
If you have any questions post here and I'll try and update this guide with any needed information!

If you found this guide helpful my Tip addresses are:
PPC: PXWSoRA2c6qbiy6o4pS4tt68S6jtssEGQU BTC: 1HujuRGYtFgj7Em1pnhX22KAYnY9sxGAR6 LTC: LPiK3W3F7uqDHsBumArby7akVf7zW9UrhG


step by step how do you decrypt an encrypted addy?~via debug window?  tia!


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: jubalix on June 12, 2013, 06:30:35 AM
does it matter if I have balances on different addresses in the same wallet

does sending coins to a new address in my wallet destroy coin age?

even if the coins do not move, ie comes up send to self.

how long does it take for 520 block to go, ie until I can use the coins that I have been using since I used them for minting, once I stop minting

my current client says 0.3.0 beta do I have to upgrade?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: lucasjkr on July 15, 2013, 12:42:52 PM
followed the instructions a few times, and kept having issues with the password (ppcoind would report password as being wrong even when i copied and pasted the same one into it and ppcoin-qt). Finally took out all the special characters and now ppcoin-qt reports wallet is unlocked for minting purposes.

I set a very low reserve balance for the time being. But the QT client reports all my coins as being part of my "Balance", with none of them a part of my "Stake". How do I get it so that PPCoin-QT moves my ordinary balance to being a part of my stake balance instead?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: mhps on July 15, 2013, 02:21:41 PM
followed the instructions a few times, and kept having issues with the password (ppcoind would report password as being wrong even when i copied and pasted the same one into it and ppcoin-qt). Finally took out all the special characters and now ppcoin-qt reports wallet is unlocked for minting purposes.

I set a very low reserve balance for the time being. But the QT client reports all my coins as being part of my "Balance", with none of them a part of my "Stake". How do I get it so that PPCoin-QT moves my ordinary balance to being a part of my stake balance instead?

See a similar question of mine answered here https://bitcointalk.org/index.php?topic=101820.msg2641454#msg2641454


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: crazyearner on August 02, 2013, 04:34:09 AM
Hello need some help here where would I go about adding to this conf file for solo mining

Code:
# ppcoin.conf configuration file. Lines beginning with # are comments.

# Network-related settings:

# Run on the test network instead of the real bitcoin network.
#testnet=0

# Connect via a socks4 proxy - default none
#proxy=127.0.0.1:9950
# Accepting incoming connections
listen=1
# UPnP
upnp=1

##############################################################
## Quick Primer on addnode vs connect ##
## Let's say for instance you use addnode=4.2.2.4 ##
## addnode will connect you to and tell you about the ##
## nodes connected to 4.2.2.4. In addition it will tell ##
## the other nodes connected to it that you exist so ##
## they can connect to you. ##
## connect will not do the above when you 'connect' to it. ##
## It will *only* connect you to 4.2.2.4 and no one else.##
## ##
## So if you're behind a firewall, or have other problems ##
## finding nodes, add some using 'addnode'. ##
## ##
## If you want to stay private, use 'connect' to only ##
## connect to "trusted" nodes. ##
## ##
## If you run multiple nodes on a LAN, there's no need for ##
## all of them to open lots of connections. Instead ##
## 'connect' them all to one node that is port forwarded ##
## and has lots of connections. ##
## Thanks goes to [Noodle] on Freenode. ##
##############################################################

# Use as many addnode= settings as you like to connect to specific peers
#addnode=69.164.218.197
#addnode=10.0.0.2:8333

# ... or use as many connect= settings as you like to connect ONLY
# to specific peers:
#connect=69.164.218.197
#connect=10.0.0.1:8333

# Maximum number of inbound+outbound connections.
#maxconnections=

# JSON-RPC options (for controlling a running Bitcoin/bitcoind process)

# server=1 tells Bitcoin-QT to accept JSON-RPC commands.
server=1

# You must set rpcuser and rpcpassword to secure the JSON-RPC api
rpcuser=edited
rpcpassword=edited

# How many seconds bitcoin will wait for a complete RPC HTTP request.
# after the HTTP connection is established.
rpctimeout=30

# By default, only RPC connections from localhost are allowed. Specify
# as many rpcallowip= settings as you like to allow connections from
# other hosts (and you may use * as a wildcard character):
rpcallowip=
rpcallowip=
rpcallowip=
rpcallowip=
rpcallowip=
rpcallowip=
# Listen for RPC connections on this TCP port:
rpcport=9902

# You can use ppcoind to send commands to ppcoind
# running on another host using this option:
rpcconnect=127.0.0.1

# Use Secure Sockets Layer (also known as TLS or HTTPS) to communicate
# with ppcoind
#rpcssl=1

# OpenSSL settings used when rpcssl=1
#rpcsslciphers=TLSv1+HIGH:!SSLv2:!aNULL:!eNULL:!AH:!3DES:@STRENGTH
#rpcsslcertificatechainfile=server.cert
#rpcsslprivatekeyfile=server.pem

# Miscellaneous options

# Set gen=1 to attempt to generate ppcoins using built-in CPU mining
gen=0

# Use SSE instructions to try to generate bitcoins faster.
4way=1

# Pre-generate this many public/private key pairs, so wallet backups will be valid for
# both prior transactions and several dozen future transactions.
#keypool=100

# Pay transaction fee amount per kilo-byte. Default 0.01 (1 cent)
# Minimum required 0.01 (1 cent)
paytxfee=0.01

# Allow direct connections for the 'pay via IP address' feature.
#allowreceivebyip=1

Where would I add the other data in order to use while solo mining thx.

Also another question is do I need that conf any more or is this still needed for solo mining ?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: mullick on August 16, 2013, 11:45:27 PM
I would be very happy if users start contributing to the github wiki page, so far there is a lot a complaints and no contributions, except for the quite nicely done reddit discussion forum page.

As to the website, there is nothing preventing anybody designing a nicer portal than ppcoin.org, I have a separate domain name ppcoin.info currently not used. If there is community consensus that the design is nice enough I would link ppcoin.info to it. But that would need someone to either volunteer the work and hosting, or try to raise a bounty for it.

I have a few things i could contribute to the wiki. When I get some free time ill try to add a few things too it.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: urwhatuknow on August 19, 2013, 10:19:13 AM

I need your help
I installed the PPcoin wallet-qt on my Mac.
After protecting it with a password the warning: "Info: Minting suspended due to locked wallet" came out on my dashboard.

Can somebody tell me how to resume minting also when you wallet is password protected?
I found a guide, but only for Windows based wallets.
Is there anything similar for Mac users?

Thanks a lot in advance



Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: grzem on September 02, 2013, 08:27:23 PM
What is wrong if I get:
error: couldn't connect to server
?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sunny King on September 02, 2013, 10:29:15 PM
What is wrong if I get:
error: couldn't connect to server
?

Add 'server=1' to ppcoin.conf and restart ppcoin-qt


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: mullick on September 02, 2013, 10:36:41 PM

I need your help
I installed the PPcoin wallet-qt on my Mac.
After protecting it with a password the warning: "Info: Minting suspended due to locked wallet" came out on my dashboard.

Can somebody tell me how to resume minting also when you wallet is password protected?
I found a guide, but only for Windows based wallets.
Is there anything similar for Mac users?

Thanks a lot in advance



RPC Console:                   walletpassphrase *InsertPassword* 9999999 true                       will unlock your wallet for 9999999 seconds

EDIT:  I should look at dates before I reply


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: grzem on September 03, 2013, 03:56:10 PM
What is wrong if I get:
error: couldn't connect to server
?

Add 'server=1' to ppcoin.conf and restart ppcoin-qt

Thank for patience, it was lack of one restart more.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: coolbeans94 on September 12, 2013, 02:38:08 AM
Sunny,

I have gone through the steps but I can't get into minting mode. I am still seeing "Info: Minting suspended due to locked wallet". on the lower left and "Wallet is encrypted and locked" when hovering over the lock in the lower right.

I have gone through your following steps 1-4.  After starting the wallet up (in the several times I've tried this), I run the mint.bat file and enter my password- to clarify, this is the encryption password for the wallet and not the rpc password in step 2, correct?

before the terminal window disappears i can briefly see "Error: type mismatch".

Any idea of how to fix this?

Thanks and regards-

This is the same problem I am having. Which password are you supposed to enter?
If I understand correct, it's the PPC wallet password. I have tried it both ways and still not working. I have special characters in my wallet password. Does that affect it?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: gramma on September 20, 2013, 01:32:51 AM
...I have special characters in my wallet password. Does that affect it?

I had problems with special characters, yes.  If I recall correctly, it was the ampersand ("&").  Good luck!


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Buyers Remorse on October 08, 2013, 08:51:21 PM
I have 100 PPC that I received over a month and half ago. I have everything I believe setup right. The wallet says that it is unlocked for block minting only. I have left it running for the better half of a week now and my stake is still at 0 with nothing going on in the transactions. How long does one usually have to wait to see something?

 I've googled this specific question a hundred different ways and cant seem to find an answer.  ???


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: QuantPlus on October 09, 2013, 01:57:12 AM
I have 100 PPC that I received over a month and half ago. I have everything I believe setup right. The wallet says that it is unlocked for block minting only. I have left it running for the better half of a week now and my stake is still at 0 with nothing going on in the transactions. How long does one usually have to wait to see something?

 I've googled this specific question a hundred different ways and cant seem to find an answer.  ???

Read the white paper.

"The hash target that stake kernel must meet is a target per unit coin age (coin-day)
consumed in the kernel (in contrast to Bitcoin’s proof-of-work target which is a fixed
target value applying to every node). Thus the more coin age consumed in the kernel, the
easier meeting the hash target protocol. For example, if Bob has a wallet-output which
accumulated 100 coin-years and expects it to generate a kernel in 2 days, then Alice can
roughly expect her 200 coin-year wallet-output to generate a kernel in 1 day."

You have very little coin age... so it would take a long time to meet your target.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: tacotime on October 09, 2013, 02:13:26 AM
^^ It's easiest to just unlock your wallet every 90 days, the blocks solve almost instantly and you make the same interest..


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: aso118 on October 24, 2013, 05:06:09 PM
How long is it taking you guys to get a POS block?  I have 7-8 transactions that are 6+ months old and around 90,000 coin days.  I followed the POS minting instruction in this guide and have been running my wallet 'unlocked for minting' for almost three weeks.  Is this normal?  I usually get several POS transaction each day in my Yacoin wallet.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: zpply on November 05, 2013, 01:35:12 AM
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?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: dnaleor on November 29, 2013, 11:05:55 PM
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?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: wachtwoord on November 30, 2013, 04:24:45 PM
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?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: MGGB on December 07, 2013, 04:37:07 AM
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 ???


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: merockstar on December 08, 2013, 05:12:58 PM
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).


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: dnaleor on December 08, 2013, 05:23:53 PM
It would be great if we could stake mine with a button in the client. Devs, please get to work ;)


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Mogens on December 11, 2013, 10:16:16 AM
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.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Bytas on December 11, 2013, 10:39:54 AM
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.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: mhps on December 11, 2013, 12:11:58 PM
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.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: dnaleor on December 11, 2013, 12:57:56 PM
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.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: merockstar on December 11, 2013, 04:37:01 PM
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?

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...


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: CycleSurfer on December 26, 2013, 03:59:16 PM
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?

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. :-)


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: wachtwoord on December 26, 2013, 04:06:58 PM
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?

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.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: TBCM on December 26, 2013, 04:17:05 PM
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?

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.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: wachtwoord on December 26, 2013, 07:09:51 PM
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?

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.



Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: CycleSurfer on December 27, 2013, 01:17:20 AM
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.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: ninjaboon on December 28, 2013, 06:36:33 AM
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.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Bytas on December 29, 2013, 11:13:31 AM
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!


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: jubalix on December 31, 2013, 10:56:37 AM
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!



Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: dnaleor on December 31, 2013, 04:14:54 PM
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!

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.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: torusJKL on January 02, 2014, 03:05:51 PM
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?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Sir Lagsalot on January 05, 2014, 11:20:45 AM
I can't seem to get minting working.

I open my Peercoin wallet with the -datadir switch, the data directory is kept on a different drive.

I run minting.bat in a command shell from the Peercoin application directory.

It gives the following message:

error: You must set rpcpassword=<password> in the configuration file:
C:\Users\*\Appdata\Roaming\PPCoin\ppcoin.conf


-

OK, so it's looking in the default directory for the config file. I create a config file there with the same password as the config file in my -datadir directory.

Now I get this:

error: {"code":-14,"message":"Error: The wallet passphrase entered was incorrect."}

-

Is there a solution for this?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: jubalix on January 06, 2014, 06:08:31 AM
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.

i will throw in some PeerCoin for this and dev, see peercoin forum I have suggested it thier, maybe fuzzy bear and ors can admin the fund


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: cybnate26 on January 12, 2014, 06:27:00 AM
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?

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'm kind of frustrated as well. Been looking and querying for weeks to understand the chance to mint a block given a certain amount of coindays. Other answers than random or depends on the network haven't come up.

It seems that wallets with low coinage have a very hard time to mint a block. And with a 90-day cap on the stake they might never be able to mint a block.

If chance of minting somehow depends on the network, which parameters would influence the chance of minting a block beside coinage. Number of total coindays at stake across all active wallets/nodes? If more coindays would give me a higher chance of solving a block what mechanism would cause this. Would I produce more hashes or is there just another formula somewhere hidden in the source code? And what does the PoS difficulty mean in this equation.

Who in the world can answer those questions or just provide some idea how it might work, please.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: cybnate26 on January 15, 2014, 06:41:28 AM
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?

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'm kind of frustrated as well. Been looking and querying for weeks to understand the chance to mint a block given a certain amount of coindays. Other answers than random or depends on the network haven't come up.

It seems that wallets with low coinage have a very hard time to mint a block. And with a 90-day cap on the stake they might never be able to mint a block.

If chance of minting somehow depends on the network, which parameters would influence the chance of minting a block beside coinage. Number of total coindays at stake across all active wallets/nodes? If more coindays would give me a higher chance of solving a block what mechanism would cause this. Would I produce more hashes or is there just another formula somewhere hidden in the source code? And what does the PoS difficulty mean in this equation.

Who in the world can answer those questions or just provide some idea how it might work, please.

Ok, nobody answered over here. No audience or considered off-topic, I suspect. For who is interested I've added my thoughts and some models with calculations in a thread on Peercointalk here:

http://www.peercointalk.org/index.php?topic=809.0 (You may use my referral to post: http://www.peercointalk.org/index.php?action=refferals;refferedby=28779)

First part of thread is about interest earned, second part is about the time and chance you have to earn that interest given some assumptions.





Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: sbogovac on February 04, 2014, 10:05:22 AM
Sorry, but I'm really getting stuck here. Followed the tutorial to the letter, watched the youtube instruction and tried debugging and searching for the solution online (one member here has mentioned the same problem, but still no solution):

After I run the mint.bat file and enter the right (wallet) simple (only normal characters) password I keep getting this error message:

error: You must set rpcpassword=<password> in the configuration file: C:\Documents and Settings\Pc\Application Data\PPCoin\ppcoin.conf
If the file does not exist, create it with owner-readable-only file permissions.

Just to state the obvious:
- The file DOES exist (I followed the instruction, remember);
- The rpcpassword=<password> in the configuration file is set (rpcpassword=password); and,
- The appdata folder in WinXP is C:\Documents and Settings\Pc\Application Data\PPCoin\ppcoin.conf

The only part of the error message I do not understand (and I didn't see in any tutorial/clip) is: [...]create it with owner-readable-only file permissions. I've tried setting the file to read-only, but that didn't help...

Please help.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: sbogovac on February 04, 2014, 10:54:07 AM
Solved it!

Thank you for your consideration (reading) and sorry for waisting your time (reading).

For others with the same issue, here's the "solution" (as instructed in the video...):

Windows prevented me from seeing the file extension.
I noticed I did't see any extensions exept the .conf
Once I enabled extensions I saw there was still .txt
[please don't laught]

So after deleting the .txt extension and a restart it worked like a charm...


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: gorgatron on February 06, 2014, 05:53:32 AM
Hello. Thanks for posting the information.

I'm new to this, and while I've some limited experience with setting up batch and conf files, I'm obviously missing something, as I still haven't gotten the batch file correct (mining still suspended), and i did find the conf template a little confusing due to the use of the hash tags that seem to have been either used inconsistently, or I'm just making an error (highly possible).

Before I bost the code I've entered sans sensitive data, I wanted to ask if using an old 856 MH/s BFL FPGA unit would work, since I know that their ASICs work  - since both are obviously SHA-256. I could pull one of my slower ASICs offline and not make much of a dent in my BTC operation, but I'm mainly wanting to test this out, since it's likely that I'll migrate to another SHA-256-based coin as my hardware becomes obsolete for BTC mining. So, should the FPGA work as well? Is difficulty already too high for a rig hashing under 1 GH to earn a little coin?  I earned ~6 on it from late-November 2012 to early-April 2013, and BTC was at about the same price when I started. Just curious if it, too, should work, and if not, I can pull my slowest ASIC off the line, which I might find myself doing anyhow. Got to get this other mess sorted out first...and if it's a mess, I made it that way.

First the .conf:
Code:
server=1

rpcuser=<xxxxxxx>
rpcpassword=<xxxxxxxxxxx>

reservebalance=10000

Not sure how to tell if this is correct or not, but these seemed like the only elements that were not meant as explanation, but rather the actual code. I realize my spaching may be at issue you here, but am not sure how many lines of spacing to include.

The .bat file I find a bit more confusing. I've tried several different methods of including my password in the file, including the most logical, which is to substitute the term 'variable' each time with my password. I've tried both my actual password used for encryption (my wallet passphrase) and the supposedly arbitrary password I included in the .conf file. At the bottom line, I've left the bracketing '%' and omitted them. I always get an error that there is a mismatch. Here's what it kind of looks like now:

Code:
@echo off
@echo Enter PPC password...
SET /P XXXXXXXX=Password :
ppcoind walletpassphrase %XXXXXXXX% 9999999 tru

Sorry if these are easy questions for the rest of you. It all seems fairly straightforward, but I'm missing some crucial piece. Also, and this is the edit, I did enable the function to allow me to see the extensions - I do have working .bat and .conf files... They are not simply doing what I'm asking them to do. ;) I'll be trying to sort this out on my own, too, but any help will be appreciated.

Cheers!


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: cwizard on February 27, 2014, 11:12:21 PM
How many of you actually hang on to these little copy cat coins for longer than the time it takes to hype them up and then dump them.

1 year?  Really?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: tx42 on March 18, 2014, 06:40:32 PM
How many of you actually hang on to these little copy cat coins for longer than the time it takes to hype them up and then dump them.

1 year?  Really?

You are a wanker.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Stan-O on April 04, 2014, 04:57:35 PM
to get minting going on an encrypted/locked wallet, i have seen several post the command, but nobody has said where to run this command.

May be self-explanatory to some, but i read everything and still took me a bit to figure it out.  I needed to get the latest wallet, that actually has the ability to open the debug/console windows.

In the PPC wallet, open the debug window, then console.

The console command line is where you input your walletpassphrase arguments, as shown below.  Use your own password.  lol


walletpassphrase walletpassword 999999 true


this is what finally unlocked my wallet for minting.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: softron on April 04, 2014, 06:35:31 PM
Nice guide, any apps for mobile?.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Fior Sirtheoir on April 05, 2014, 08:17:02 PM
Folllowed the guide.  Bat opens fine, I hit enter a few seconds pause, no error message but the info line still says suspended.  Any ideas?


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: romerun on April 08, 2014, 02:52:30 PM
since cold lock is not available till the next version, let me share half of my secret recipe for "safe enough minting", it goes like this:

make a script named mint
Code:
#!/bin/bash

stty -echo
read -p "rpc: " rpcpass; echo
read -p "wal: " walpass; echo
./ppcoind -rpcpassword=$rpcpass walletpassphrase $walpass 99999999 true
stty echo

and a script named query
Code:
#!/bin/bash

stty -echo
read -p "rpc: " rpcpass; echo
./ppcoind -rpcpassword=$rpcpass $1 $2 $3 $4 $5 $6 $7 $8 $9
stty echo

- put rpcuser/rpcpassword in ppcoin.conf
- run ppcoind as daemon
- remove rpcpassword line from ppcoin.conf
- run the mint script to unlock wallet
- run the query script to control your ppcoind, for example "query getinfo", you'll have to enter the rpc password every time

The idea is the intruder has to be a bit smart in order to steal your coin, after he gets he can take the encrypted wallet, but he cannot command the unlock wallet to send coins to his, since rpcpassword is not left anywhere, he has to plant trojans/keyloggers/or put some effort into it in order to take it,

although if you just do this, and never come back to query it, it should be reasonably safe, or to make query a bit safer, you could try to use SSL option on rpc, listen rpc on localhost, and make a ssh tunnel to it, then query it from the tunnel, intruder will have a harder time I guess,

that is all


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: anarchyx on April 14, 2014, 08:26:34 PM
Just in case anyone is as big of a noob as me... make sure you name your .conf ppcoin.conf and not peercoin.conf.   That's what caused my issues getting this started.  Works great, thanks for the guide :)


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: jparsley on April 14, 2014, 09:26:26 PM
I Tried this a while back but it didnot work thanks to this official guide i think i can get it working now, thanks


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: Bytas on May 16, 2014, 03:40:48 PM
it makes me sad that it's still this hard to mint coins after more than a year of PPC....
A big button with "mint" on it would be nice! really, not even kidding. Things like this are gonna make sure ppcoin gets left behind.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: romerun on May 16, 2014, 03:54:43 PM
it makes me sad that it's still this hard to mint coins after more than a year of PPC....
A big button with "mint" on it would be nice! really, not even kidding. Things like this are gonna make sure ppcoin gets left behind.

The mint button is available on Peerunity (Peercoin community version)

http://www.peercointalk.org/index.php?topic=2648.0
http://www.peercointalk.org/index.php?topic=2785.msg24915#msg24915


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: river333 on August 04, 2014, 03:53:53 PM
For the majority of users, the best option for a Peercoin wallet is now Peerunity. It is available for Windows, Linux, and OS X. It has more features than the standard client, and is also much easier to use (especially for minting).

Download it here: http://peercoin.net/download-peerunity

Read about Peerunity and FAQs: http://www.peercointalk.org/index.php?topic=2902.0

To mint using Peerunity:

Minting is now very easy. All you need to do is enable it in your client, and leave your client running with a connection to the Peercoin network. To start with, make sure you have encrypted your client with a strong passphrase that you will not lose. You will now need to get some coins in your wallet!

Then simply press the "Unlock Wallet for Minting Only" button, enter your passphrase and press OK.

http://i.imgur.com/Y4sDXDP.png

You can check you are minting by looking at the little padlock in the bottom right corner of the client. It should now be unlocked. If you hover your mouse over it, it should say "Wallet is encypted and currently unlocked for block minting only".

How long it takes you to mint a block will depend on how many coins you have, and how long you've had them. Here's a handy tool to work out your chances: http://poscalculator.peercointalk.org/ (The current POS difficulty can be found by entering the command getdifficulty into the debug console of Peerunity...go to help -> debug window -> console).

Edit: Peerunity v0.1.1 now has a minting tab which shows some of this information too.


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: coinregulator on February 10, 2015, 11:19:04 PM
thanks i will try in paycoin...


Title: Re: PPCoin Proof of Stake Minting Setup Guide
Post by: krile on September 13, 2015, 02:20:24 PM
Hi guys,

I have a question about the minting, using only ppcoind, whithout the gui.

Other stake coins daemons (blackcoin, clamcoin...etc)  have the "getstakinginfo" commad which lets you know if you are staking atm.

Not sure how to find this out on ppcoind?


The normal "ppcoind getinfo" command gives me the "unlocked_unitl" value, which is different from -1, which means the "walletpassphrase <passphrase> <timeout> [mintonly]" command worked.

But again, which command would be useful for checking the staking status in more detail with ppcoid?