How to start your wallet & Mining
Open your wallet, and make sure you are connected to another wallet.
You are connected if you see the icon Wallet Connections in the lower right corner of your wallet.
Close your wallet and create the file POKERCOIN.conf in the folder “%APPDATA%\POKERCOIN\”.
Paste the following text into POKERCOIN.conf and save the file.
Download the latest version of cpuminer from here and extract the zip file.
Create a .bat file named mine.bat and paste the following text into mine.bat.
minerd –url=http://127.0.0.1:21662 –userpass=yourusername:yourpassword
Save the file inside the extracted cpuminer folder.
Open your wallet and execute mine.bat to start mining.
First assumption is correct, POKERCOIN is a Proof of Work and Proof of Stake hybrid cryptocurrency which is more sustainable long term, more fair with the coin holders and way more Eco-friendly than a simple Proof of work.
–To stake: You need to have coins in your wallet and leave it running, this wallet is a “node” in the network, The POKERCOIN network is created by a lot of this nodes scattered around the world, anywhere where people download and start staking their coins, That is why it is Decentralized and free from middle men, as the users are the real power behind the network, so this nodes connect to each other and there is no Central authority or single points of failure like with masternodes or other way of distribution. After leaving your wallet open, around 24 hrs later you should start getting your first stakes (coins) and this coins get mature and ready for use after 20 confirmations in the network which you can check in the wallet under the transactions tab.
–Security: The connections to the wallet are normal as they are other nodes connecting to yours and vice versa, your wallet automatically blocks unofficial or malicious nodes it detects, even so you could download and use malwarebytes to increase the security as it blocks malicious ip addresses extending even more the security of your connections, to have maximum security you should always download official clients and only from official sources.
–Wallet encryption: You should encrypt your wallet so in case anyone else gets access to your computer (Via physical or internet access) they can not use or spend your coins as they would require the password to send any transaction as well, and the information inside its encrypted.
To Stake you can unlock only the staking process by selecting the small box “stake only” when unlocking your wallet, that way will still require your password to send coins out of your wallet but it will be able to do the stake process. (A fully encrypted and locked wallet does not stake)
More properly speaking that wallet.dat file is your real personal wallet (the program people normally call a wallet is in fact a Client or Daemon if is used under its graphical or command line interface). So your real “Wallet” and the file you should always keep secure backups of it is that .dat file.
–Wallet.dat: This file contains your private keys, in easier terms it holds your addresses and all the coins in them, that is why only you can use those coins, because only you have this private keys, if someone else get access to the private keys they could spend the coins, hence why encryption and security is important, and having a backup of it on a secure usb device just in case of anything happens to that computer.
To restore a wallet you just need to place the wallet.dat file into the Data folder, For example:
On Windows you can find that folder at: %appdata%/roaming/POKERCOIN and then just start the POKERCOIN client and let it Sync.
The coins are able to start getting stake (earning) after the first 8 hours in your open wallet, depending on the people staking in the network you could start earning your first stakes after 24 hrs or more before you start watching a constant influx as they are gaining weight in the network.
–Maturity: a coin is mature when you are able to use it, on POKERCOIN your coins mature after 20 confirmations.
This works a bit different from that perception we have of files.
As we just saw, our wallet stores private keys (addresses) and we have to remember that there is a blockchain (where all the transactions are stored), the blockchain is stored across all the POKERCOIN network nodes hence is decentralized and always available.
So. If you create a backup of your wallet when it has only 3 addresses, you could consider that backup valid and all your coins safe no matter when on time, as long as you dont create another address, as that backup only has 3 saved, so if you create more addresses then you would require to make a new backup, so you really have a full backup of all of your private keys (addresses).
As the Blockchain or in this case POKERCOIN stores the transactions, as long as you have your private keys, the coins in those addresses are safe. So if you lose your hard drive with 600 coins in it, as long as your backup holds the private key for that address, you will have the full balance, no matter if someone send you more coins to that address and you had the computer off, you would still have the 600 coins and the new ones people send you as the transactions are stored on the Chain so are never lost, and as you hold the keys for your address, then only you can access them..