Getting Started with Whitecoin StakeBox
StakeBox and Whitecoin have partnered together to bring you the Whitecoin StakeBox - a device that allows you to stake your Whitecoin cryptocurrency and make a return on your investment.
Staking Whitecoin is the process of securing the network with your coin weight, which in turn rewards you with new Whitecoin coins.
This quick guide will show you the steps to take to start staking with your Whitecoin using the web interface. This guide assumes you have some basic knowledge of how to use Linux OS.
Note: This guide is for reference only and we cannot be held responsible for any loss or theft of wallet data. Please make sure you backup your wallet and passphrase in a variety of locations.
What you will need
- 1x Whitecoin StakeBox
- USB keyboard & mouse
Assemble your hardware
- Connect your HDMI cable to your TV/Monitor
- Connect your Keyboard & Mouse
- Insert your Whitecoin microSD card into the SD slot (If purchased separately)
- Connect the micro USB power adapter
Once everything has been connected and the Whitecoin StakeBox has booted up, you will see the command prompt and login. To login to the Whitecoin StakeBox enter the following default credentials:
Once you have logged in to the StakeBox, you will see pi@whitenode in the command line. This means that you have successfully logged in.
Now that you have logged in we can change the default password on the StakeBox. This is highly recommended for security reasons and to prevent unauthorised access. In the command line type in passwd and hit enter. You will then be prompted to enter the following:
Current UNIX password: pi
Enter New UNIX Password: xxxxxx
Retype New UNIX Password: xxxxxx
Connecting to the Internet
Before we start working with the Whitecoin we must first make sure that we have an internet connection in order to download the blockchain and start staking. There are currently two options with the Whitecoin StakeBox; firstly you can connect and ethernet cable from your router/switch or you can connect to your local Wi-Fi router using the built-in Wi-Fi.
Connecting to your Wi-Fi from the command line is a simple process. To do this type in the following into the command line:
sudo nano /boot/whitenode-wpa-supplicant.txt
You should now see the contents of the whitened-wpa-supplicant.txt file. Navigate down to the bottom section that is commented out with '#' symbols. Delete the '#' symbols and then next to 'ssid' enter the name of your Wi-Fi and password next to 'ask'. You should now be left with the following:
Double check that the information you have entered is correct and then save with CTRL+O and exit with CTRL+X.
Finally for the changes to take effect you will need to reboot your StakeBox with the following command:
Once the StakeBox has finished rebooting, login using your credentials and then type the following:
You should see a list of network devices and network information. Next to 'wlan0' you should see an IP address next to 'inet'. This confirms that you have successfully connected to the Wi-Fi and it has issued you with an IP address.
Note: Take note of this IP address as we will need it later on
Ethernet is as simple as connecting an Ethernet cable from your StakeBox to the back of your router, you should see a green light on the Ethernet port on your StakeBox to indicate that it has successfully connected. For Ethernet DHCP settings you will need to refer to your instruction manual for your router.
Whitecoin Web Interface
To check that whitecoin program is running on your StakeBox you can type in the command line whitecoind getinfo which will return some basic information about whitecoin such as blocks, version, balance, connections etc.
Now to connect to the web interface you will need to know your IP address on your StakeBox. You can find this out by typing in the following command in the command line:
You will see a list of network devices where 'eth0' is for Ethernet and 'wlan0' is for Wi-Fi. In the area below these you will see information about that network device and in particular your IP address which is next to the field 'inet'.
Now on your computer or laptop device open up a new web browser. In the URL address bar enter the following , replacing the IP address with your IP address:
After you typed in your IP address in your web browser, you will be able to see the Whitenode GUI screen. To make sure that the web interface is secure and that only you can gain access you can change any login credentials in the Settings menu. Enter your new credentials and make sure that the 'enable login' box is checked.
The Whitenode will begin to sin with the latest blockchain as soon as it has an internet connection. The process of synchronising and downloading the blockchain will take approximately 60 mins or so.
Encrypting your wallet
Now you will need to encrypt your Whitecoin wallet before you do anything else. This will ensure that all your coins are safe. You should see on the left hand side of the menu ENCRYPT WALLET, click on this and then enter a unique password for your Whitecoin wallet.
Finally, once you have fully synchronised you can now unlock your wallet for Staking. Click on Open for Staking in the menu and enter you wallet password.
Transfer Whitecoin for Staking
To transfer XWC you will need to know your current account address. You can do this using the Terminal from the web interface or directly on the StakeBox command line. From the web interface click not he Terminal in the left hand side menu and it will open up a new tab.
Here you can type the following to get your account address:
whitecoind getaccountaddress ""
It should now return your unique whitecoin address.
You can now input this receiving address in the send address where you are currently storing your XWC. Input the amount you want to send over to your Whitecoin StakeBox the way you would normally transfer XWC to your wallet.
Transfer from your StakeBox to your wallet/exchange
To transfer XWC from your StakeBox to your whitecoin wallet, or exchange, you will need to firstly login to Whitenode as we did previously and select the command prompt (Terminal) window.
First thing you will need to do is open your wallet otherwise you cannot access and send any XWC. To do this you can type in the following command, replacing your password with you wallet password:
whitecoind walletpassphrase <your password> 999999
The number at the end represents the amount of seconds to leave the wallet open for.
Then to transfer your XWC typing the following:
whitecoind sendtoaddress <whiteaddress> <amount>
Replace "whiteaddress" with the address you wish to send XWC to and then the amount your want to send.
Once the Whitenode application has finished synchronizing the blocks and as long as your wallet is unlocked and you have coins in your wallet, the staking process will begin automatically.
Give us a tip!
Our learning and blog content is shared and released for free with no adverts ever, guaranteed! If this content helped your project or you just like the work we do and would like to help us grow the content and products we have available, please consider giving us a tip...
PayPal: Donate with PayPal