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Frequently Asked Questions

EmberCoin edited this page Sep 1, 2017 · 4 revisions

FAQ

Where can I download the wallet for Ember?

https://www.embercoin.io/

Where can I buy Ember?

https://www.cryptopia.co.nz/Exchange/?market=EMB_BTC

How do I install the Ember wallet?

Extract the zip folder you will now see the - Ember-qt file Move this program to a safe place i.e C:\MyWallets\Ember Right click ember wallet icon and select send to, then create shortcut on desktop. Double Click on Ember-qt shortcut and run program This will then create files in your AppData folder. Then follow the #fix-wallet-here guide to add the supplied peers.dat file After this the wallet should sync, which will take some time.

Should I encrypt my wallet?

I always like to encrypt my wallet for security reasons, but if you do this, please make sure you create a strong secure password and don’t forget it! Write it down, store it somewhere safe such as Encryptr password manager - https://spideroak.com/personal/encryptr You will also need to make sure the wallet is unlocked for staking your Ember coins or you will not receive any rewards.

Should I send all the coins I bought on the exchanges to my wallet?

No I would not recommend sending them all at once. I would send a few coins first to make sure that they arrive where they are supposed to, you can then send bigger amounts.

How long do I have to leave my coins in the wallet to mature?

This usually takes around 10 hours.

How long does it take to receive my first reward from staking?

Based on 1 Million EMB, it will take around 24hrs, sometimes longer. (Based on current difficulty)

Do I need to have my wallet open 24/7 to receive rewards?

Yes you do. This will of course, use electricity and take it’s toll on your computer/device.

What is the reward given based upon?

It’s based on 1.) the amount you are staking, and 2) the network weight (which is the total amount being staked by everybody)

credit: @borngreat

Is there an alternative to having my computer on all the time?

Yes, used a cloud based server. Amazon currently offer this for free for the first year. https://aws.amazon.com/

Is there a Rich List out there?

http://www.presstab.pw/phpexplorer/EMB/richlist.php?sort=minted&count=100

Is there an alternative to having my computer on all the time?

Yes, used a cloud based server. Amazon currently offer this for free for the first year. https://aws.amazon.com/

Is my wallet safe on a VPS server? Should I back it up?

Always make regular backups of your wallet.dat file found in appdata folder to external storage such as a USB flash drive or a cloud based storage service, such as Google Drive, make sure you have a secure password on your Google/Cloud based storage.

How do I find out the price of Ember on the Discord group?

Type - *EMB

Can I Install it on Apple mac?

At the moment we only have a Windows wallet, but we will soon have wallet's across various platforms. If you want to install the Windows wallet on mac you will need to install an application called 'Wine' see how to install it here - https://www.davidbaumgold.com/tutorials/wine-mac/

When is the new wallet due?

September 15th 2017 - see our roadmap - https://github.com/EmberCoin/Ember/wiki/Project-Roadmap

How long do I have to transfer my coins to the new wallet?

6 weeks - September 15th through October 30th

Will I lose any coins during the transfer to the new wallet?

No, all coins will be a straight swap. so if you own 1 Million EMB in old wallet, it will be 1 Million EMB in new wallet.

How do I estimate when I will get my stakes, and how much of a reward will I get?

Here's how to estimate when you'll get your stake. Go to http://www.presstab.pw/phpexplorer/EMB/index.php and look for Stake Weight Spent. Mouse over the red line - that's where the average weight is when a payout happens. Your weight starts at your coin value and goes up as the coins age. This ensures you will get your stake eventually.

The coins you get from staking is the same percentage, regardless of how many coins you have. It's 7200% per year return, which means, 19.7% per day. So, if you have 1,000,000 coins, you will "earn" 197,000 coins per day. If it takes 2 days for the stake to be rewarded, you'll get your per-day amount times 2, so 394,000 coins. Since the current stake weight is more like 9 million, it might take you 9 days to get your stake reward from 1,000,000 coins. In this case, your stake reward after 9 days would be 2,773,000 coins. (credit to @jt42 )

Also check this video out about staking : https://www.youtube.com/watch?v=8dsBieQaNLc