This tutorial will cover the coin feature of the
Pinkcoin windows wallet and will show you how to properly start staking.
If you want to read more about the
Pinkcoin and it's rewards/features please refer to the official
THREAD. Windows and Mac wallets can be downloaded from the official
website while Linux version can be download from
github.Extract the wallet on your desktop using Winrar and
Right click >
Run As Administrator. (There's no need of any installation or anything). Wait for it to sync. Usually it takes 5-10 minutes to sync.
https://i.imgur.com/yrmDFAE.png After it successfully synced, go to
Settings >
Encrypt Wallet type the passphrase you want and hit
OK. After you hit OK wait for some time and the wallet will close itself, make sure you re-open it.
**NOTE** Make sure you remember your passphrase because if you forgot you will lose all your coins! ** https://i.imgur.com/zJUkiLz.png To be able to start staking you need to unlock your wallet. If you hover the mouse over the arrow at the bottom right corner of the wallet you will see "
Not staking because wallet is locked".
https://i.imgur.com/4XKxGEc.png To unlock your wallet please go to
Settings >
Unlock your wallet and then type your passphrase that you set it earlier and make sure "
For staking only" is checked.
https://i.imgur.com/Ao0w27H.png After we successfully unlocked our wallet and tick the option "
For staking only" we need to make sure that our coins are mature. Now the question is
how do I know if my coins are mature and
when they will mature? https://i.imgur.com/nuzOGB9.png If you have your coins stored on one of the exchanging websites such as Bittrex, Poloniex, Cryptopia or NovaExchange and you are sending to your desktop wallet if you hover the mouse over the gray arrow in the bottom right corner of the wallet you will see that says that you don't have mature coins. For coins to mature you need
101 confirmations or
8 hours before they can be used for staking.
Mined coins come in blocks of 50 coins. But when you buy them and send them to your wallet, they come in one big block of coins.When you stake, the whole block stakes. That's true if it's 50 coins or 500,000 coins. But if you have 500,000 broken up into 50 coin blocks, then when you stake, you don't lose all the weight you generated from your 500,000 coins, you only lose the weight from the coins you needed in order to generate the stake. But if your 500,000 coins are all in one big block, then when you stake, you'll lose all the weight you generated for that 500,000 coins, and they wont stake again until you build up that weight again. To prevent ourselves from losing all the weight that we built from staking we need to enable the coin features which will help us sort the issue and we will send the coins to ourselves into blocks of 1000's.
In the example I will show you with 4200 coins and how to split them into 4 blocks of 1000.
Click
Settings >
Options >
Display > "
Display coin control features (experts only!)" make sure this one is selected and hit
OK.
https://i.imgur.com/kYEoGcz.png After we enabled the coin feature, we need to go back to the
Receive coins tab and copy our own address. After that we need to go the
Send Coins tab and click on
Inputs. In inputs you will see a bunch of columns. In this case as you can see we have 4200 coins and we want to split them into 4 stacks of 1000. So basically we need to select them and hit OK.
https://i.imgur.com/oaQUG01.png Now it will navigate us to the previous tab, the one that we came from. We need to have ticked
SplitBlock and we will type 4 which means we split the 4200 coins into 4 blocks of 1000, (don't worry the rest 200 coins will find their own block). In the
Pay To we paste our own address that we copied from earlier from
Receive coins tab, and on the right side where it says
After fee: we need to right click and hit
Copy after fee and paste down below in the
Amount. Basically we are sending the coins to ourselves.
https://i.imgur.com/bC0Se1r.pnghttps://i.imgur.com/TFHoHbb.pnghttps://i.imgur.com/E8oODf5.png https://i.imgur.com/rbdr36S.png If you followed the whole tutorial everything should work fine. But how do I check that?
In the bottom right corner of your wallet you will see the arrow changed it's color from grey (before we started staking) into green (after we started staking). And with that being said we finally started staking.
https://i.imgur.com/A9ZDFrY.png If you have any issues feel free to comment below.
