Wanna Start Staking NAV / NAVCoin?
27 Mar 2018Wanna start staking NAVCoin but don’t know exactly how?
All you need are the following:
- A linux server with atleast
1GB RAMand1 CPU Core - A NAVCoin Core wallet
- SOME NAVCoin ( Buy some at binance to give me a kick back :D )
- A tutorial to teach you ( This is that tutorial, LMFAO )
NOTE: For the sake of simplicity, my example will be using an Ubuntu 16.04 Linux Box
Step 1
Login to your linux box
ssh root@server
Step 2
Get the latest NAVCoin Core wallet download link from HERE
Then download via wget on the server
wget https://github.com/NAVCoin/navcoin-core/releases/download/4.1.1/navcoin-4.1.1-x86_64-linux-gnu.tar.gz
Step 3
Now extract the files with tar command
tar xvf navcoin-4.1.1-x86_64-linux-gnu.tar.gz
You should see output like the following
navcoin-4.1.1/
navcoin-4.1.1/bin/
navcoin-4.1.1/bin/navcoin-cli
navcoin-4.1.1/bin/navcoind
navcoin-4.1.1/bin/navcoin-qt
navcoin-4.1.1/bin/navcoin-tx
Step 4
Move the binary files into the /usr/bin for system wide access
# ROOT
mv navcoin-4.1.1/bin/* /usr/bin
# NON-ROOT
sudo mv navcoin-4.1.1/bin/* /usr/bin
Step 5
Add navcoind to the crontab
# Open crontab editor
crontab -e
# Once open add the following entry
@reboot navcoind
Step 6
Reboot the server
# ROOT
reboot
# NON-ROOT
sudo reboot
Step 7
Re loggin after reboot
ssh root@server
Step 8
Get the main address for your new wallet
navcoin-cli getaddressesbyaccount ""
Should give output like the following
[
"NSUvvL1siPM9LQdqYhJSwfzoKMH67eQo2W",
"NVb3mSb7vPsNTZtCvM31cLwRErcQxzv1X8",
"NdvjJWEFVkyBfZEFDssUhdToSYah7vq6Fg",
"NcYzVrq3H75ooLDJm5M4CXnZxeRbxWs5fR"
]
Step 9
Pick an address and send some NAVCoin to it!
Conclusion
Once you have followed this tutorial, your wallet should be staking
You can check the status with navcoin-cli getstakinginfo
Sample output
{
"enabled": true,
"staking": true,
"errors": "",
"currentblocksize": 1000,
"currentblocktx": 0,
"difficulty": 670086.1947336281,
"search-interval": 16,
"weight": 204495135273,
"netstakeweight": 1592159691069937,
"expectedtime": 233574
}
And you can check your staking report with navcoin-cli getstakereport
Which should look like this
{
"2018-03-27 00:00:00": "0.00",
"2018-03-26 00:00:00": "0.00",
"2018-03-25 00:00:00": "0.00",
"2018-03-24 00:00:00": "0.00",
"2018-03-23 00:00:00": "0.00",
"2018-03-22 00:00:00": "0.00",
"2018-03-21 00:00:00": "0.00",
"2018-03-20 00:00:00": "0.00",
"2018-03-19 00:00:00": "0.00",
"2018-03-18 00:00:00": "0.00",
"2018-03-17 00:00:00": "0.00",
"2018-03-16 00:00:00": "0.03136986",
"2018-03-15 00:00:00": "0.08342465",
"2018-03-14 00:00:00": "0.00",
"2018-03-13 00:00:00": "0.35438356",
"2018-03-12 00:00:00": "0.00",
"2018-03-11 00:00:00": "0.00",
"2018-03-10 00:00:00": "0.35547945",
"2018-03-09 00:00:00": "0.00",
"2018-03-08 00:00:00": "0.67471494",
"2018-03-07 00:00:00": "0.00",
"2018-03-06 00:00:00": "0.00",
"2018-03-05 00:00:00": "0.00",
"2018-03-04 00:00:00": "0.00",
"2018-03-03 00:00:00": "0.28657534",
"2018-03-02 00:00:00": "0.00",
"2018-03-01 00:00:00": "0.35301369",
"2018-02-28 00:00:00": "0.00",
"2018-02-27 00:00:00": "0.00",
"2018-02-26 00:00:00": "0.19369863",
"Last 24H": "0.00",
"Last 7 Days": "0.00",
"Last 30 Days": "2.33266012",
"Last 365 Days": "4.00405874",
"Latest Stake": "0.03136986",
"Latest Time": "2018-03-16 00:26:24",
"Stake counted": 12,
"time took (ms)": 1
}
Things to keep in mind
- Your server should be
SECURE AND NOT ACCESSIBLE BY ANYONE YOU DON'T TRUSTwith your coins - Your wallet keys
MUST BE BACKED UPin case your server gets corrupted - When you first start reboot your server after
Step 6, it can take a while for thenavcoindwallet to sync all the block from the network (A few hours on a Gigabit Network) - It takes
2 hoursfor any coins sent to your wallet to mature and start staking