How To Stake PIVX

Yesterday I posted a spotlight on PIVX and promised that my next post would be instructions on how to stake the PIVX you own. Well, this is that post.

 

Step 1: Download The Wallet

Head to pivx.org/wallet/ and download the wallet (or check your repository on Linux). Although there are light wallets and a mobile wallet for Android/IOS you will need a regular wallet to stake your coins.

Once it finishes just install it just like any other program. You should be able to do that, right?

 

Step 2: Basic Set Up

Now that you have installed the program, time to open it. Choose the default directory and be sure to allow "\Program Files\Pivx\pivx-qt.exe" through your firewall if you've got one and wait for it to load.

 

After you get past the spash screen go to settings/encrypt wallet and choose a password. Then back up your wallet and password in a safe location.

 

Step 3: Sync

Now for the longest but easiest task. In the bottom left corner it will say "synchronizing with network". Just wait for that to finish before moving on to the next step.

 

Step 4: Funding

Now that you have a synchronized wallet with your private keys backed up you can send your funds from your exchange or other wallet to your desktop wallet. Just hit "receive" and then send to that address.

 

Step 5: Configuring

Now you need to go to Tools and click on "Open Configuration File". Choose your favorite text editor and type "staking=1" into the doc (without the "" of course). Now save and close.

 

Finally, hit "Settings" then "Unlock Wallet", enter your password, and check the box underneath your password. Then hit "Okay".

 

Step 6: Done

Now just let the wallet run on your device. You can let it run in the background on your PC, or you could buy a second device (like a Raspberry Pi) to host your wallet (you could also use a VPS, but that's sometimes risky and beyond the scope of my guide).

 

Happy Staking!

 

Conclusion:

Thanks for reading my guide, I hope it served you well. Again, if you never read it, check out my previous post so that this post does not seem quite as random.

 

If you want more content by me you can always follow my by: email, on my blog, or on steemit.

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