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eagleflies edited this page Jul 27, 2015 · 17 revisions

Q: So I have to do to stake out a configuration file?

A: No you don't. Staking happens automatically. Following conditions must be met:

  • you need some coins in your wallet
  • coins have to be more than 2 hours old
  • wallet has to be open and stay online for some time since you are competing with other wallets
  • make sure clock shows correct time. recommended way to have clock show correct time is to configure your computer to sync it automatically

Q: How to execute -salvagewallet under windows

A: My POW .dat with my coins in it caused the POS qt to crash before it could load. Here is what a friend of mine suggested to do which worked:

  1. create a shortcut to the POS qt

  2. right click the new shortcut and select properties

  3. type -salvagewallet at the end TARGET field

Here is an example of what it should look like: "C:\Users\Ghepetto\Desktop\noble\noblecoin-qt.exe" -salvagewallet

  1. click the shortcut and all your coins should be there

Q: Tell me more about PoS, PoS staking etc

Brief description how POS II works

Explanation of Balance and Stake sections After wallet is started everything is under Balance. Your wallet begins attempts to stake. Then if it manages to stake a block money from this particular transaction moves under Stake. It stays there for 70 blocks until reward matures. Then it moves back under Balance and this money is available for staking again.

Regarding CPU power usage- it depends on how many transactions you have in your wallet. POS II design is that every successful staking splits transaction into two halves. Hence transaction sizes become smaller and smaller which means there will be more and more transactions competing with other wallets. This increases PoS weight and helps secure the network.

However the more transactions you have the more CPU power is used. So you can see both pros and cons. I do not know how many transactions you have and what computer you are using. If CPU usage is too high you can generate new receiving address and send all money from your wallet into this single address. This way you will have just one transaction which will be staking so CPU usage should drop.

Apart of that there may be other reasons why CPU usage is high. Common one is not enough RAM etc.

Example:

  1. Let's say you have 10 mil of coins in one transaction.
  2. If you keep staking it after a while staking event happens.
  3. 10 mil is divided onto 2 transactions (5 mil + reward) each (this moves under Stake section)
  4. After 70 blocks 10 mil + reward is moved back under Balance. The only difference is now you have 2 transactions of 5 mil each which try to stake.

Real world example: https://chainz.cryptoid.info/nobl/block.dws?2834.htm

From (amount) -> 9pyknnPjfJ9cQFbt7ovZS44tTUBbiea73m 500,057.18 NOBLES Created 30.39405957 NOBLES

You can see "From" transaction was split into two transactions:

  • 9pyknnPjfJ9cQFbt7ovZS44tTUBbiea73m 250,043.78 NOBLES
  • 9pyknnPjfJ9cQFbt7ovZS44tTUBbiea73m 250,043.79405957 NOBLES

Q: I have just started my wallet for first time and it does not sync. Do you know if anyone had to do anything to make the wallet sync?

A: Your client should discover addresses of other clients via IRC. But this can take some time as sometimes client fails when connecting to IRC server and needs to wait to re-try. If you do not want to wait close the client and start it again using command

   noblecoin-qt -addnode=194.181.3.79

Q: the importing the .dat thing scares me slightly! plus my funds aren't here and are encrypted! I still don't quite get how it works. I think what I don't understand is that will my funds be moved to the new blockchain, or exist on both

A: the way it works is

  1. you had some funds on PoW blockchain

  2. new PoS blockchain was started and premine was made

  3. we took snapshot of PoW blockchain at height #534500 (approx. at 5PM GMT on 4th of March)

  4. premine was used to distribute funds on new blockchain

  5. same addresses are used on new blockchain

  6. so when you import private keys into new wallet you get access to your funds and you should see exactly same number of coins. however both blockchains are independent.

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