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Author Topic: PPCoin Proof of Stake Minting Setup Guide  (Read 56959 times)
urwhatuknow
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August 19, 2013, 10:19:13 AM
 #61


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





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grzem
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September 02, 2013, 08:27:23 PM
 #62

What is wrong if I get:
error: couldn't connect to server
?

Since 2 years https://cryptox.pl low fees, no KYC.
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September 02, 2013, 10:29:15 PM
 #63

What is wrong if I get:
error: couldn't connect to server
?

Add 'server=1' to ppcoin.conf and restart ppcoin-qt
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September 02, 2013, 10:36:41 PM
 #64


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
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September 03, 2013, 03:56:10 PM
 #65

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.

Since 2 years https://cryptox.pl low fees, no KYC.
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September 12, 2013, 02:38:08 AM
 #66

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?

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September 20, 2013, 01:32:51 AM
 #67

...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!

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October 08, 2013, 08:51:21 PM
 #68

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.  Huh
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October 09, 2013, 01:57:12 AM
 #69

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.  Huh

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.
tacotime
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October 09, 2013, 02:13:26 AM
 #70

^^ It's easiest to just unlock your wallet every 90 days, the blocks solve almost instantly and you make the same interest..

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October 24, 2013, 05:06:09 PM
 #71

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.


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November 05, 2013, 01:35:12 AM
 #72

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?
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November 29, 2013, 11:05:55 PM
 #73

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?
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November 30, 2013, 04:24:45 PM
 #74

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?
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December 07, 2013, 04:37:07 AM
Last edit: December 07, 2013, 06:40:12 AM by MGGB
 #75

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 Huh
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December 08, 2013, 05:12:58 PM
 #76

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).
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December 08, 2013, 05:23:53 PM
 #77

It would be great if we could stake mine with a button in the client. Devs, please get to work Wink
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December 11, 2013, 10:16:16 AM
 #78

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.


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December 11, 2013, 10:39:54 AM
 #79

It would be great if we could stake mine with a button in the client. Devs, please get to work Wink

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.
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December 11, 2013, 12:11:58 PM
 #80

It would be great if we could stake mine with a button in the client. Devs, please get to work Wink

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.




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