Quote from: cryptoRX on December 05, 2017, 12:49:14 PM

Quote from: Teknick on December 05, 2017, 12:06:21 PM

Quote from: DisasterFaster on December 05, 2017, 10:45:06 AM

Quote from: Dastrike351 on December 05, 2017, 10:40:07 AM

What will happen if i have a wallet that I cannot update before the fork, I only use it to send some term deposit coin, its ok if I update after?

If your wallet is not updated at the time of the fork you will be banned from the network. You won't be able to mine, send or receive coins. Your existing coins will be fine and you won't lose them.

Hi,

So I have around 15 machines mining ROI at the moment and they all run their own wallets for mining and then payout to a centralised wallet. I will be away for a while and am just worried about this banned notion. Exactly when should we be updating our wallets and is it enough to update the central wallet which holds all the mined coins?

thanks

From what I gather, if your wallet isn't updated at the time of the fork, it would be on the old network so if your 15 machines are connected and mining on the old wallet, you will basically be creating your own chain. Any blocks you mined on the old wallets after the fork would be invalid.

CryptoRX is exactly right on this. You need to update all of your machines to the new wallet before the fork. You can upgrade today if you like and you can mine, send, receive and term deposit now and up to the fork and through the fork. We had no choice but to do a hard fork and hence the banning and this is because the interest is too high and it is climbing. This made the hard fork and banning necessary otherwise people would continue with the previous wallet and the higher and gaining interest rates.