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Topic
Board Announcements (Altcoins)
Re: [ANN][EGC] EverGreenCoin | X15 PoW/PoS | NO premine / NO ICO | Foundation
by
chrysophylax
on 02/02/2016, 06:05:19 UTC
Staking is only possible if unlocked wallet? Is it still working if my Wallet is closed then? I hope so Smiley (y)

Staking only happens in a wallet that is unlocked for staking, unlocked for staking and spending, or never been encrypted and therefore can not be locked. That said, factors that do equate into staking do happen when a wallet is locked or offline such as coin age and of course, network stake weight. These factors will remain in effect when your wallet does again meet the requirements to continue staking and yes, your reward will catch up to still equal 7% annual so long as you do not fail to meet the requirements (wallet is locked or offline) for an extended time. By extended time, I mean 30 days or beyond. At a very minimal, leave your wallet running and meeting the staking requirements for 12 hours every month.

Sorry for the delayed response to your question Porsche911. You must have posted it just as I laid down for some much needed sleep. Thanks for the question. I hope I answered sufficiently.


there is another way to stake and unlock the wallet while still keeping it safe ( encrypted ) for a period of time ... without it being left completely open for hacking while stacking ... i mean staking - meh it rhymes Wink ...

most PoS wallets have this option - and evergreencoin should be no exception ...

whether windows or linux or osx - the command will be the same but is just implemented differently if you are using console ( linux ) ...

if you are using the graphical wallet ( usually windows - osx - and linux gui ) the process is through the debug console within the wallet ... while command line ( usually linux - osx - and systems running the daemon like vps systems ) the command is exactly the same except for the execution of the daemon ...

wallet ...

- from the menu - click 'help' the click 'debug window' then click 'console tab' ...
- at the bottom commandline type ...

Code:
walletpassphrase passphrase xxx true ...

replacing the word passphrase with one that you used to lock and encrypt your wallet - and replace the xxx with the amount ( in seconds ) of how long you want the wallet in this state ...

eg ...

Code:
walletpassphrase chrysophylax-granite-like-evergreencoin 700000 true

so if my passphrase to lock my wallet was 'chrysophylax-granite-like-evergreencoin' - then what i have told the wallet to do is to stay in encrypted mode - but unlock the wallet using the passphrase 'chrysophylax-granite-like-evergreencoin' for 700000 seconds ...

for linux daemon commandline ...

Code:
./evergreecoind walletpassphrase chrysophylax-granite-like-evergreencoin 700000 true


once the 700000 seconds have expired - the wallet goes into full lockdown once again - and you can no longer stake ... so choose an amount of seconds that will be long enough to allow staking but gives you peace of mind that your wallet will 'automagically' lockdown on its own ...

if you can give this a go - let me know how it fares ...

if it works well with the egc wallet - we can make a better instructional 'howto' and add to the op ... if of course the egc team want that done ...

#crysx