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BitWin24 FAQ – Frequently asked questions about BitWin24

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BitWin24 FAQ – Frequently asked questions about BitWin24

Bitwin24 FAQ – The Wallet

How do I install the Wallet on Windows?

Installation on a Windows PC

In this video you will learn how to stake with a Windows Wallet. In the next part the Linux Wallet is set up via a console and also prepared for staking. The third part includes the setup of the master node.

How can I install a wallet under Linux?

How this works on a Linux console you can see here.

Step by step in the Linux Console

How can I encrypt my wallet?

Encrypting your wallet is a good idea to prevent other people from using your computer to steal your money or wallet.dat file. Please do not forget your encryption password. If you lose it, you will not be able to access your money. 

The command to encrypt is bitwin24-cli encryptwallet meinsuperpasswort

How can I change my Wallet password?

You can do this with the command “walletpassphrasechange” to be carried out. To do this, you must first unlock the wallet and then type the command as follo “walletpassphrasechange deinaltespasswort deinneuespasswort

How can I secure my wallet?

The most important thing with crypto-currencies is the backup of your wallet data!

I can’t stress it enough. I have several 100 MB of backups myself and the best motto is: Better one time too much than one time too little! Always keep backups in multiple places so that your money is safe if someone steals your computer or burns your house down. Anything is possible!

Remember to back up this private key as well. It is good practice to print out the private key and keep it in a safe and external place. Or mill it onto a metal plate. NEVER GIVE YOUR PRIVATE KEY TO ANYONE.

Apart from that, there are three ways to secure your wallet. And you should most likely do both.

Method 1 – Backup wallet.dat

  1. Make sure that your BitWin24 Wallet application is closed.

  2. Go to your BitWin24 Wallet folder.

  3. Copy the file wallet.dat und speichern Sie sie auf einem USB-Stick an einem sicheren Ort.

Remember: If your wallet is unencrypted and stolen, your BitWin24 coins are not secure! You can also backup the file bitwin24.conf.

Methode 2 – Backup of a private key of an address.

A single address can be saved with the command “dumpprivkey deineadressehier” and you can import them again with “importprivkey deineadressehier“. But this contains only the key for a single address.

Methode 2 – Backup all private keys in a wallet.

With Windows, if we take the system partition C:, we have to make sure that a subdirectory is created. Depending on the Windows, an empty text file “name.txt” To do this, we create an empty text document such as C:/Wallet-Backup/Backup.txt and issue the command “dumpwallet C:/wallet-backup/backup.txt” on.  A text file is created where all keys, creation date and address are specified. This looks like this:

# Wallet dump created by BITWIN24 v1.0.0.2-6163ee8 (2020-01-28 16:46:11 +0200)

# * Created on 2020-02-06T10:03:45Z

# * Best block at time of backup was 137623 (e507643ddeaed6756668d2a2d1025a561ad65ad03e7b722083a2b29143486b18),

# mined on 2020-02-06T09:18:10Z

N3g7QB5ffu9pkPzzQVsbmZvW8egxHPMPgeLuu2WN5kvvUYBjKobw 2020-02-06T09:46:32Z change=1 # addr=GYDUg53W8vyL4vPThp4hvApyC1MwZjjdCp

N7yw9oCNkfVoVS5PmXuu2cMKb8hVtH6fqmvEXZGq7AoQZJY7CALs 2020-02-06T09:46:32Z change=1 # addr=GdbrnLEkniC9xesFaUqDfZdZEVRTn6MoaW

 

Where are the data of my wallet?

You will find your wallet in the following directory:

– Windows: %APPDATA%\BitWin24\

– Linux: ~/.bitwin24/

– Mac: ~/Library/Application\ Support/BitWin24/

 

The synchronization takes forever

You can speed up synchronization by downloading a block chain backup:

  1. Close the wallet application
  2. Go to your wallet directory
  3. BACKUP your wallet.dat, masternode.conf AND bitwin24.conf FILES ON AN EXTERNAL HARD DISK AND KEEP THEM IN A SAFE PLACE
  4. Remove the blocks and chainstat directories
  5. Download the file Bootstrap.zip from the official BitWin24 Github site here 
  6. If there is no file there, load a block backup from here
  7. Unzip the file and put the new blocks and chainstate directories into your wallet directory
  8. Copy your Backup in the wallet directory
  9. Add port 24072 and 24073 in the port share of your router or use the function uPNP
  10. Start your wallet

It happens again and again that the synchronisation stops

In this case you should proceed as follows:

  1. Close the wallet application
  2. Go to your wallet directory
  3. BACKUP your wallet.dat, masternode.conf AND bitwin24.conf FILES ON AN EXTERNAL HARD DISK AND KEEP THEM IN A SAFE PLACE
  4. Delete ALL Files AFTER you have Saved them on another place
  5. De-Install the Wallet from your system
  6. Check if all files was removed
  7. Install the Wallet new
  8. Download the file Bootstrap.zip from the official BitWin24 Github site here 
  9. If there is no file there, load a block backup from here
  10. Unzip the file and put the new blocks and chainstate directories into your wallet directory
  11. Copy your Backup in the wallet directory
  12. Add port 24072 and 24073 in the port share of your router or use the function uPNP
  13. Start your wallet

Error: corrupted blockchain / Crashing wallet

All problems with falling wallets or damaged block chains: Follow the steps in ‘The synchronization takes forever‘, to resynchronize your block chain.

Bitwin24 FAQ – Masternode

How to setup a masternode?

Follow the steps hier. It is for setting up a master node and a control wallet on Windows, or watch the following video.

In this video I will guide you through the process of setting up a wallet for normal use, staking, and even your own master node. The commands for the terminal are included in this description. The whole step by step to participate in a pleasant pace. In the end you will be able to internalize this alone for you to such an extent that you can do it on your own without help.

How much can you earn with a Masternode?

A master node costs 3,000 BWI. How much you can earn with one or more master nodes, you can see here.

Which port does the BitWin24-Masternode use?

Bitwin24 uses port 24072, make sure that your firewall only accepts this port. If you use SSH, make sure that only your IP address can connect to the server.

Bitwin24 FAQ – Staking

What ist Staking?

You can compare staking to Bitcoin mining, but instead of CPU power, you use your BWIs to get interest. The more BWIs you have, the more often you will earn a “share”.

How much do you earn with the Staking?

That depends. At the time of writing this article you will get about 2BWIs at about 100 BWI in your wallet and 1 split per day. The income from the staking will be displayed on this website.

How to start staking?

If you have a small amount of BWI, you should be staking. It’s safe and you get free BWIs! All you have to do is keep your computer/server running around the clock (for updates/reboots it can be offline for about 50 minutes per day). Staking is enabled by default. If the wallet is encrypted you have to disable the encryption for staking. Under the Desktop Wallet this can be done via the menu item “Settings – Unlock Wallet”. On a Linux console this is done with the command  “bitwin24-cli walletpassphrase meinsuperpasswort 0 true

Do I need to restart my wallet after adding BWIs?

No, this is not necessary, after 101 confirmations the amount is added again.

Why the staking does not work?

It can be due to a few things. Make sure your additional funds have 101 confirmations. Make sure that your wallet is enabled for staking and make sure that your wallet has more than 1 active peer (see the icons in the lower right part). If staking works, the arrow on the right side of the screen will turn green.

Why are the rewards not credited to the balance?

If your BWIs are not locked (immature) and they are not on the balance, check if they are marked as referred. If they are referenced, either you were on the wrong chain, or someone else gave the confirmation before you, because your response to the network’s request took too long.

To clean up the referenced blocks, you can use the repair function “Restore Transaction 2“. In the console the command is “bitwin24-cle zapwallettxes=2” and in the debug console “zapwallettxes=2“.

Other questions for the Bitwin24 FAQ?

Bitwin24 FAQShare them with me in the comments or contact me at:

eMail: info(at)special4you.marketing
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Or with the support for master nodes under Discord.

If you find the FAQ helpful, or would like to make a comment, you can also submit it via the rating.

 

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