2bitlite
Newbie
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Activity: 11
Merit: 0
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November 18, 2017, 11:42:58 PM |
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I finally installed the QT Wallet and its fully synced and I've moved my coins from Bittrex to the wallet.
Can anyone explain to me how to begin staking? I've already unlocked my wallet and checked the "For Staking Only" section. However on the Dashboard I see the following:
Spendable: 12000 Stake: 0 Unconfirmed: 0
Can someone tell me what the Stake: 0 means? Am I not staking anything right now?
If your wallet is unlocked it is staking. The point of staking is to verify transactions on the network effectively distributing and protecting it. So the whole thing works by probability. If you keep your wallet connected you will net 1-5% a year depending on how many people are connected. Usually most coins never have more than 30% of the supply staking so you can expect up to 3%. Your rewards will come in randomly as long as it is unlocked for staking. You can see here exactly how many people are staking and who is winning blocks... https://chainz.cryptoid.info/bay/#!extractionAlso for those people who have not updated to the latest software since November 1st please do. Since I've noticed about 55% of the users have updated. You must update before the 30th of November. Will there be a coin swap? No coin swap needed when there is such a competent dev as David. Just make sure you have the wallet that was released Nov 1st. (Qt wallet or client. Both are fine.) The wallet will handle the the fork automatically. You wont even notice that it happens. Hi. November 30th is good news for BitBay supporters. Hopefully, you can help me. I installed the software for BitBay Client and BitBay Lite Wallet. The installation went well. I did not encounter difficulty. When I tried to backup the wallet.dat, I could not locate it according to the instructions from the BitBay website. Did my physical wallet.dat become invisible? Can my wallet still be eligible for staking and the fork coming? Thanks for the assistance. You don't need both wallets. Personally I recommend you use the client. For the client it is the keys (key1.private and key2.private) you need to back up. For the Qt wallet, the key is in wallet dat, and on windows you find it in users/"your user"/appdata/roaming/bitbay (appdata may be a hidden folder on your computer, so you might have to un-hide it) If you are on mac or linux, please say so, and I'll find someone else to answer regarding wallet.dat location. Thanks. I installed both wallets. I did not know which software is running but I was prompted to backup the 2keys (key1.private and key2.private). When I back up the wallet from the top menu, I was asked to backup the 2keys but not the wallet. The reason why I started looking for the wallet.dat. So, even though I installed both wallets, the BitBay Client supersedes that of the BitBay Lite Wallet since I didn't see the wallet.dat? Hi. I am using windows. I was able to locate wallet.dat & appdata under the BitBay folder. So, how would the hierarchy of folders be to be able to save a backup for the wallet for windows? Thanks.
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Legolin
Newbie
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Activity: 2
Merit: 0
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November 18, 2017, 11:44:29 PM |
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I finally installed the QT Wallet and its fully synced and I've moved my coins from Bittrex to the wallet.
Can anyone explain to me how to begin staking? I've already unlocked my wallet and checked the "For Staking Only" section. However on the Dashboard I see the following:
Spendable: 12000 Stake: 0 Unconfirmed: 0
Can someone tell me what the Stake: 0 means? Am I not staking anything right now?
If your wallet is unlocked it is staking. The point of staking is to verify transactions on the network effectively distributing and protecting it. So the whole thing works by probability. If you keep your wallet connected you will net 1-5% a year depending on how many people are connected. Usually most coins never have more than 30% of the supply staking so you can expect up to 3%. Your rewards will come in randomly as long as it is unlocked for staking. You can see here exactly how many people are staking and who is winning blocks... https://chainz.cryptoid.info/bay/#!extractionAlso for those people who have not updated to the latest software since November 1st please do. Since I've noticed about 55% of the users have updated. You must update before the 30th of November. Will there be a coin swap? No coin swap needed when there is such a competent dev as David. Just make sure you have the wallet that was released Nov 1st. (Qt wallet or client. Both are fine.) The wallet will handle the the fork automatically. You wont even notice that it happens. Hi. November 30th is good news for BitBay supporters. Hopefully, you can help me. I installed the software for BitBay Client and BitBay Lite Wallet. The installation went well. I did not encounter difficulty. When I tried to backup the wallet.dat, I could not locate it according to the instructions from the BitBay website. Did my physical wallet.dat become invisible? Can my wallet still be eligible for staking and the fork coming? Thanks for the assistance. You don't need both wallets. Personally I recommend you use the client. For the client it is the keys (key1.private and key2.private) you need to back up. For the Qt wallet, the key is in wallet dat, and on windows you find it in users/"your user"/appdata/roaming/bitbay (appdata may be a hidden folder on your computer, so you might have to un-hide it) If you are on mac or linux, please say so, and I'll find someone else to answer regarding wallet.dat location. Thanks. I installed both wallets. I did not know which software is running but I was prompted to backup the 2keys (key1.private and key2.private). When I back up the wallet from the top menu, I was asked to backup the 2keys but not the wallet. The reason why I started looking for the wallet.dat. So, even though I installed both wallets, the BitBay Client supersedes that of the BitBay Lite Wallet since I didn't see the wallet.dat? You only need the client, and for the client the two keys is what you need to back up. You can ignore wallet dat for the client. Agree that. Thanks for recommendation
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2bitlite
Newbie
Offline
Activity: 11
Merit: 0
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November 18, 2017, 11:49:58 PM |
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I finally installed the QT Wallet and its fully synced and I've moved my coins from Bittrex to the wallet.
Can anyone explain to me how to begin staking? I've already unlocked my wallet and checked the "For Staking Only" section. However on the Dashboard I see the following:
Spendable: 12000 Stake: 0 Unconfirmed: 0
Can someone tell me what the Stake: 0 means? Am I not staking anything right now?
If your wallet is unlocked it is staking. The point of staking is to verify transactions on the network effectively distributing and protecting it. So the whole thing works by probability. If you keep your wallet connected you will net 1-5% a year depending on how many people are connected. Usually most coins never have more than 30% of the supply staking so you can expect up to 3%. Your rewards will come in randomly as long as it is unlocked for staking. You can see here exactly how many people are staking and who is winning blocks... https://chainz.cryptoid.info/bay/#!extractionAlso for those people who have not updated to the latest software since November 1st please do. Since I've noticed about 55% of the users have updated. You must update before the 30th of November. Will there be a coin swap? No coin swap needed when there is such a competent dev as David. Just make sure you have the wallet that was released Nov 1st. (Qt wallet or client. Both are fine.) The wallet will handle the the fork automatically. You wont even notice that it happens. Hi. November 30th is good news for BitBay supporters. Hopefully, you can help me. I installed the software for BitBay Client and BitBay Lite Wallet. The installation went well. I did not encounter difficulty. When I tried to backup the wallet.dat, I could not locate it according to the instructions from the BitBay website. Did my physical wallet.dat become invisible? Can my wallet still be eligible for staking and the fork coming? Thanks for the assistance. You don't need both wallets. Personally I recommend you use the client. For the client it is the keys (key1.private and key2.private) you need to back up. For the Qt wallet, the key is in wallet dat, and on windows you find it in users/"your user"/appdata/roaming/bitbay (appdata may be a hidden folder on your computer, so you might have to un-hide it) If you are on mac or linux, please say so, and I'll find someone else to answer regarding wallet.dat location. Thanks. I installed both wallets. I did not know which software is running but I was prompted to backup the 2keys (key1.private and key2.private). When I back up the wallet from the top menu, I was asked to backup the 2keys but not the wallet. The reason why I started looking for the wallet.dat. So, even though I installed both wallets, the BitBay Client supersedes that of the BitBay Lite Wallet since I didn't see the wallet.dat? You only need the client, and for the client the two keys is what you need to back up. You can ignore wallet dat for the client. Agree that. Thanks for recommendation Thanks for your assistance.
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Munti
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November 19, 2017, 12:02:17 AM |
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I finally installed the QT Wallet and its fully synced and I've moved my coins from Bittrex to the wallet.
Can anyone explain to me how to begin staking? I've already unlocked my wallet and checked the "For Staking Only" section. However on the Dashboard I see the following:
Spendable: 12000 Stake: 0 Unconfirmed: 0
Can someone tell me what the Stake: 0 means? Am I not staking anything right now?
If your wallet is unlocked it is staking. The point of staking is to verify transactions on the network effectively distributing and protecting it. So the whole thing works by probability. If you keep your wallet connected you will net 1-5% a year depending on how many people are connected. Usually most coins never have more than 30% of the supply staking so you can expect up to 3%. Your rewards will come in randomly as long as it is unlocked for staking. You can see here exactly how many people are staking and who is winning blocks... https://chainz.cryptoid.info/bay/#!extractionAlso for those people who have not updated to the latest software since November 1st please do. Since I've noticed about 55% of the users have updated. You must update before the 30th of November. Will there be a coin swap? No coin swap needed when there is such a competent dev as David. Just make sure you have the wallet that was released Nov 1st. (Qt wallet or client. Both are fine.) The wallet will handle the the fork automatically. You wont even notice that it happens. Hi. November 30th is good news for BitBay supporters. Hopefully, you can help me. I installed the software for BitBay Client and BitBay Lite Wallet. The installation went well. I did not encounter difficulty. When I tried to backup the wallet.dat, I could not locate it according to the instructions from the BitBay website. Did my physical wallet.dat become invisible? Can my wallet still be eligible for staking and the fork coming? Thanks for the assistance. You don't need both wallets. Personally I recommend you use the client. For the client it is the keys (key1.private and key2.private) you need to back up. For the Qt wallet, the key is in wallet dat, and on windows you find it in users/"your user"/appdata/roaming/bitbay (appdata may be a hidden folder on your computer, so you might have to un-hide it) If you are on mac or linux, please say so, and I'll find someone else to answer regarding wallet.dat location. Thanks. I installed both wallets. I did not know which software is running but I was prompted to backup the 2keys (key1.private and key2.private). When I back up the wallet from the top menu, I was asked to backup the 2keys but not the wallet. The reason why I started looking for the wallet.dat. So, even though I installed both wallets, the BitBay Client supersedes that of the BitBay Lite Wallet since I didn't see the wallet.dat? Hi. I am using windows. I was able to locate wallet.dat & appdata under the BitBay folder. So, how would the hierarchy of folders be to be able to save a backup for the wallet for windows? Thanks. Just make a copy and store anywhere you want
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easypeasy
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November 19, 2017, 01:23:41 AM |
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hi folks sorry for the probably dumb question
i have my bitbay on bittrex am i ok leaving them on there while the swap etc goes on
thanks
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cryptohunter
Legendary
Offline
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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November 19, 2017, 01:33:42 AM |
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hi folks sorry for the probably dumb question
i have my bitbay on bittrex am i ok leaving them on there while the swap etc goes on
thanks
yes but always better to hold in your own wallet especially if you want to collect the pos rate that is increasing x10 now
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InfinityTrades
Newbie
Offline
Activity: 6
Merit: 0
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November 19, 2017, 03:12:49 AM |
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I have forgot my passwords -.-" what do i do?
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easypeasy
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November 19, 2017, 07:45:50 AM |
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hi folks sorry for the probably dumb question
i have my bitbay on bittrex am i ok leaving them on there while the swap etc goes on
thanks
yes but always better to hold in your own wallet especially if you want to collect the pos rate that is increasing x10 now Thanks for the reply, much appreciated
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vlom
Legendary
Offline
Activity: 1498
Merit: 1117
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November 19, 2017, 08:24:11 AM |
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hi folks sorry for the probably dumb question
i have my bitbay on bittrex am i ok leaving them on there while the swap etc goes on
thanks
yes but always better to hold in your own wallet especially if you want to collect the pos rate that is increasing x10 now i have my coins on bittrex too. i need an OSX light wallet. but would prefer a wallet that can be run on a raspberry pi so that i am able to stake.
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dzimbeck
Legendary
Offline
Activity: 2412
Merit: 1044
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November 19, 2017, 09:09:59 AM |
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I have forgot my passwords -.-" what do i do?
Brute force. If you know some of the words, you can try to recover it. I did it once for a user who knew the words but it was a variation of upper and lower case and numbers. So it depends on how complex your password was.
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lechit27
Newbie
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Activity: 12
Merit: 0
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November 19, 2017, 12:43:48 PM |
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Nice to see that main developer of BitBay is very active in this thread and very helpful
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InfinityTrades
Newbie
Offline
Activity: 6
Merit: 0
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November 19, 2017, 01:09:19 PM |
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I have forgot my passwords -.-" what do i do?
Brute force. If you know some of the words, you can try to recover it. I did it once for a user who knew the words but it was a variation of upper and lower case and numbers. So it depends on how complex your password was. Thank you for the suggestion. What brute force program do you suggest?
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Munti
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November 19, 2017, 03:20:08 PM |
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hi folks sorry for the probably dumb question
i have my bitbay on bittrex am i ok leaving them on there while the swap etc goes on
thanks
yes but always better to hold in your own wallet especially if you want to collect the pos rate that is increasing x10 now i have my coins on bittrex too. i need an OSX light wallet. but would prefer a wallet that can be run on a raspberry pi so that i am able to stake. Craig did some tests with raspberry, but it did not work out very well. I think the issue was not enough RAM.
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LuckyLeprachaun
Sr. Member
Offline
Activity: 470
Merit: 251
Bitbay is the Future!!!
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November 19, 2017, 05:02:00 PM |
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Nighttrader invite code: 2PJbGxt95Dz7JKU2N8oudyAJ1Tzs
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Munti
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November 19, 2017, 05:39:55 PM |
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It says Bitbar -not BitBay in that tweet
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rqdxrocket
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November 19, 2017, 05:50:36 PM |
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All,
With the recent price increase of Bitbay and with the word spreading more everyday, there are several items listed on the Bitbay Market place. Download the Market Client and see for yourself.
Thanks RQDxRocket
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XxOtakuXx
Jr. Member
Offline
Activity: 44
Merit: 1
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November 19, 2017, 06:47:54 PM |
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No teasers, But this will be the best website Bitbay ever designed compared to previous and current one. Tommorow finally everyone will see a great and colourful website for BitBay coin. A look what other coin sites look like.
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BITBAY |Smart Contracts|Decentralized Markets|Rolling Peg| https://bitbay.market/
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HVCC
Member
Offline
Activity: 93
Merit: 10
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November 19, 2017, 10:22:19 PM |
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BitBay team member - Take your markets back!
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