[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[alison03]

why can't the wallet have an option to only be unlocked for staking but not allow for any transactions to be SENT? then ppl could leave their wallets unlocked to stake without worry of being stolen.

Good point we will try ask rar4 for that feature.Something like transaction password block

That is already in there. I have mine unlocked and can't send transactions without entering my pass.

Check again people. I just did, and not for the first time. No password is required to send from an unlocked wallet. And yes, I'm using the latest release (windows client). I brought this up weeks ago in a cautionary post, before Soepkip had his coins swiped, and then subsequently. For the future health of the coin and anyone owning it, let's tie up this loose end.

Just to follow up with a couple more details and confirmations on this.

1. If you unlock the 'new' way, via the <settings> dropdown, you're wallet is up for grabs. No password is needed to send out your coins.
2. If you unlock it old-school, via console, you will unlock for staking. It is a 'mintonly' command, fortunately. Tahnk god someone was thinking.
3. If you do #2, then initiate a send but cancel out before entering password, your wallet 'lock' symbol will close, but your staking light remains 'green' and mouse-hover will indicate you are staking.
4. If you do #1, then go back to the console and enter the command 'walletlock', same result as #3. (as someone else rightly pointed out).
5. Only remaining question is, for #3 and #4, is the wallet in fact still staking as indicated? I am waiting to find out. So far apparently not. But we shall see.

Conclusion: if you just do #1 and walk away for the day, you might have a very nasty surprise waiting for you when you get home. Even if no one has physical access to your computer, it can occur through a variety of exploits that someone gains remote access to your system. Then, my friend, you are most certainly fucked. Finally, if you don't already, consider using a password mgr. Among other things it will allow you to enter your long-and-random-as-fuck password without entering keystrokes. And be sure to keep a backup of your password database!

Thanks a lot! I wasn't aware of #4 option, I try it, will report if it still stake.

Ok I can confirm that #4 option lock stake too, the staking icon is green, but I do not receive any stake since I locked it yesterday.

Equally here - confirmed not staking under that scenario. Thanks for follow-up.

Same here.

So in order to stake I have to unlock from the settings drop down? No way to stay locked and stake securely?

No. To Stake without compromising the security of your wallet, do this via the console:

Code:

walletpassphrase YOURWALLETPASSPHRASE 9999999 true

9999999 = 166,666 hours. Change this to whatever you want. If you need to send coins, you will still need to enter your passphrase, so Staking is safe this way.

Here are some screen shots of my wallet to help

Adding code via Debig Console



(Hit Enter after entering string and then hit the Red icon after to clear console edits)

Wallet unlocked but still encrypted



You may want to wait until other people better that I can verify this, but this is how I Stake.

Wow, thank you so so much for the walk through. I will go ahead and do that! One quick question: Even if I go to the drop down and click 'unlock wallet', when I hover at the bottom like your last screen shot it will also say, "wallet is encrypted and currently unlocked". So is the difference internal? Like if I use the drop down to unlock it won't ask for a password to send coins but if I go through the console like your tutorial, it will ask for a password to send coins?

Again, I appreciate that very much.

[Jabulon]

Yes. If you go back up to my original post, look at #2. It lays it all out pretty clearly, and has been confirmed various other's replies. Using the dropdown to unlock leaves your wallet kind of exposed while staking, but may be convenient if you need to do a series of quick sends. Unlock it old-school (console command) if you just want to stake safely.

[alison03]

Yes. If you go back up to my original post, look at #2. It lays it all out pretty clearly, and has been confirmed various other's replies. Using the dropdown to unlock leaves your wallet kind of exposed while staking, but may be convenient if you need to do a series of quick sends. Unlock it old-school (console command) if you just want to stake safely.

Sweet, on it now. Thanks again!!

[machinez]

 

[btcprice]

Yes. If you go back up to my original post, look at #2. It lays it all out pretty clearly, and has been confirmed various other's replies. Using the dropdown to unlock leaves your wallet kind of exposed while staking, but may be convenient if you need to do a series of quick sends. Unlock it old-school (console command) if you just want to stake safely.

When I use the following command:

walletpassphrase WALLETPASSPHRASE 9999999 mintonly

I get the following error:

Error: Error parsing JSON:mintonly

(I substitute my real wallet passphrase for WALLETPASSPHRASE)

[theneos]

Yes. If you go back up to my original post, look at #2. It lays it all out pretty clearly, and has been confirmed various other's replies. Using the dropdown to unlock leaves your wallet kind of exposed while staking, but may be convenient if you need to do a series of quick sends. Unlock it old-school (console command) if you just want to stake safely.

When I use the following command:

walletpassphrase WALLETPASSPHRASE 9999999 mintonly

I get the following error:

Error: Error parsing JSON:mintonly

(I substitute my real wallet passphrase for WALLETPASSPHRASE)

mintonly should be TRUE

so

walletpassphrase WALLETPASSPHRASE 9999999 true

[btcprice]

Yes. If you go back up to my original post, look at #2. It lays it all out pretty clearly, and has been confirmed various other's replies. Using the dropdown to unlock leaves your wallet kind of exposed while staking, but may be convenient if you need to do a series of quick sends. Unlock it old-school (console command) if you just want to stake safely.

When I use the following command:

walletpassphrase WALLETPASSPHRASE 9999999 mintonly

I get the following error:

Error: Error parsing JSON:mintonly

(I substitute my real wallet passphrase for WALLETPASSPHRASE)

mintonly should be TRUE

so

walletpassphrase WALLETPASSPHRASE 9999999 true

Thanks.

I tried that too but got the message "Not staking because you don't have mature coins" when in fact I did show a balance. Perhaps I need more of a balance to stake.

Either way, I am unable to transfer coins because they are not mature enough. I have a chance to lose out on good prices. These few coins per day doesn't make up for the lost opportunity. I'll keep my wallet locked after my coins mature.

[mrbenjie]

Let's have a once monthly International Blackcoin rent-a-farm day. Say, the first Friday of every month - we can call it Black Friday -Everyone who can rents a fucking GPU-farm for 24 hours and hits the Blackcoinpool. It would be a great way to bring the worldwide Blackcoin community together.

Rent a gpu farm...
Where can i do this.

Im not using the multipool because i dont have a miner.
Im only buying the bc.

Where can i find it...

[ubba]

Let's have a once monthly International Blackcoin rent-a-farm day. Say, the first Friday of every month - we can call it Black Friday -Everyone who can rents a fucking GPU-farm for 24 hours and hits the Blackcoinpool. It would be a great way to bring the worldwide Blackcoin community together.

Rent a gpu farm...
Where can i do this.

Im not using the multipool because i dont have a miner.
Im only buying the bc.

Where can i find it...

http://leaserig.net/
Its a nice service

[moderndezigns]

Price is droping because many smaller  whales  widrow BTC from alt coin to drop them for flat feering off bitcoin price drop more ..but for me selling bitcoin this low is crazy..i would rather wait

How come that isn't happening with Mintcoin?

[moderndezigns]

It's like a ghost town in here.. Where did everyone go?

[moderndezigns]

Price is droping because many smaller  whales  widrow BTC from alt coin to drop them for flat feering off bitcoin price drop more ..but for me selling bitcoin this low is crazy..i would rather wait

How come that isn't happening with Mintcoin?

dont know but i dont see they have big volume

If you're paying attention the volume on blackcoin is dropping with the price. The volume on mintcoin has actually been increasing

[germsite]

I think the key is for us to compare it with Bitcoin so people can understand it. I would like us to mention:

- Must faster transaction speeds compared to Bitcoin. This is more convenient in general but also makes it more practical for point of sale transactions
- Pure proof of stake compared to Bitcoin's proof of work. This makes blackcoin less wasteful of energy (a good figure to quote would be $17 million bitcoin miners use in electricity every day -  google for the exact figure)
- Much cheaper in price and market capitalisaion compared with Bitcoin. This means investors and speculators have a much larger potential upside with huge growth possibilities.

Since we want this to coincide with the Cryptocurrency Convention in NYC I think this will be a fruitful approach since a lot of people will already be familiar with Bitcoin so it we highlight Bitcoin's weakness and compare them to Blackcoin's strengths it will have a greater impact.

I don't mine, so am not familiar with energy use costings etc. I'm therefore just responding with what is more of a query than anything else.

Is there any way of calculating the amount / cost of energy used by the BC multipool(s), even approximately ?

I ask, because if we are going to release something for the press ( great idea ), stating, among other things, that BC is more energy efficient, then hadn't we better consider how energy efficient the whole ecosystem that is developing around it is ?

I know that POS makes the coin by itself more energy efficient, but, it wouldn't take even a lazy-assed journo much time to see how much discussion and emphasis is given over to the multipools, link the two, and, if the energy use of the pools takes us up to a level close to that generated by miners working for BTC, it'd be a simple enough step to label BC hypocrytical, etc 

We don't want to be setting ourselves up for that kind of backlash with our first PR effort.

[baka]

Looks like rats are fleeing the sinking black ship. Even AUR is seeing a rise and it got forked and bcx threw a time warp atack on it.

[regnevacs]

noohh.. its going down.. time to buy i bought all already @ higher price? praying to go up.

[baka]

noohh.. its going down.. time to buy i bought all already @ higher price? praying to go up.

I bought at 5100, see you at 3000.

[CatKiwi]

You complete and utter fools! Dumping the coin like this does nothing but cement a loss for you. Those with brains are holding as they have seen this happen before and subsequent pump. Don't buy into a coin if you haven't the mettle to hold on to them long enough to turn a profit - waste of everyone's time and resources.

[baka]

You complete and utter fools! Dumping the coin like this does nothing but cement a loss for you. Those with brains are holding as they have seen this happen before and subsequent pump. Don't buy into a coin if you haven't the mettle to hold on to them long enough to turn a profit - waste of everyone's time and resources.

Yes I too saw it drop from 7200 to 6700 then to 6300 then to 5500 then to 5100 and now 4100. it's gonna go up for a minute stabilize then drop again.

[regnevacs]

retards scares off by those big sell wall on Mintpal.. they stack up then waiting for the retards to dump.. i wish i have lots of BTC to eat those sell wall.

[ol92]

Looks like rats are fleeing the sinking black ship. Even AUR is seeing a rise and it got forked and bcx threw a time warp atack on it.

The ship is not sinking : every altcoins  go through high and low prices.
The difference here : blackcoin community used to believe there will no low due to its POS nature.
Indeed, I believe its POS nature will make the low not so low... before next high.