what's going on everyone welcome to the Rabid Mining YouTube channel today we're talking about
pulsar and the mandatory wallet update that you do got to do before November 12th or you could
lose your coins so I will be showing you guys how to back up your original Pulsar wallet and then
upgrade to the latest version now why is there a fork happening in the first place and if you're
unfamiliar with Pulsar um it was a CPU minable coin and then wild rig released an update gpus
flooded the network and you can see here based on this difficulty uh happened around June of June
30th little after here I guess early July and we saw the hash rate just climb increasing that
difficulty like crazy that was due to all these gpus coming online now this was meant to be a
CPU minable coin it's all also a 50 staking coin through the wallet and that's what we'll get into
later on on the coins you could lose could come through staking if you do not update that wallet
so here in GitHub is the latest version version 1.1.14 mandatory update and here's kind of what's
going on here so the updates added color to the white images added Minotaur X algorithm for CPU
money now originally right now Pulsar is on curve hash which I loved for CPU mining you could keep
those low low 0.95 voltages and get your clocks up to 3.9 to 4 gigahertz depending on Silicon
lottery so it was a very efficient algorithm for CPUs it's sad that gpus came online but they're
trying to fix the issue and get rid or at least dump a lot of that GPU rewards so here we have
a set Fork date Epoch timestamp is this number right here and it's stated for around November
12th which is Saturday of 2022 which is coming up in about 12 days as of recording this video
now after the fork the split block count between curve hash gpus now GPU miners instead of getting
50 or whatever the rewards are now to proof of work side gpus will only get 20 percent of that
CPUs moving over to Minotaur X now will get 30 percent of them daily emissions of the rewards
and proof of stake will be 50 now here's where the loss of coins may happen now the disconnect 1.114
clients so this is this update right here anybody prior to this if you're still on 1.13 or less
after the fork happens all your state coins and stuff will not carry over onto the new chain which
means those are fake coins once you do update they will be lost so make sure you do update
the warnings are there it's in their GitHub if you're mining a coin or whatever you're probably
following what's going on with it and this must be done or all them coins you could if you don't
upgrade it pretty much and you're staking uh from the time of the fork and a year down the road and
then you finally upgrade because maybe there's no more connections for the older wallet or you
can't uh connect anything and it's updating the blockchain or anything then you finally upgrade
all them coins for the past year that you did get through staking bonuses are no longer in your
wallet so just upgrade get it over with guys uh this also enables the Minotaur X mining now notice
this is kind of what I just touched up on here if you do not update to version 1.1.4 before the fork
date any proof of stakes slash blocks generated or transactions made after the fork date will not
carry over to the version 1.1.4 blockchain so it's becoming a split chain at this point everyone is
pretty much recommended to get off the chain prior to this version meaning this mandatory update so
let's update our wallet and show you what's going on so once you do download the latest
version of the Pulsar wallet you are going to want to navigate to where your old one is now I am on
my server PC through the capture card the quality may not be a hundred percent Top Notch I apologize
if it isn't but here I am inside my staking pools directory here and we have our Pulsar data now any
core wallet raptorium bittorium you know Fida all these core based Wallace vcax you know and
obviously Pulsar here you need to save this wallet data just in case this is your your backup there's
no seed phrases or anything going on Within These core wallets this is your backup file right here
that you need if you reinstall Windows or anything I like to save the whole data folder itself so I'm
just going to come back into here I'm just going to create a new folder so I'm going to come in
here new folder and I'm just going to put Pulsar data so Pulsar data backup so here I have a pulsar
data backup now I'm just going to take my Pulsar data here copy this over and put it into my data
backup so paste that in once it's done now I would recommend depending on you know how many of these
core wallets you have name them something like this so you don't get them mixed up like I said
they're all named wallet.dat so put them into a USB drive and that will be you know your storage
keeping for these wallets for you know hard drive crashes or anything and then you simply copy this
data folder right back into it and you will be up and running with your wallet again so I'm
just going to wait for this to finally finish copying and we will continue on so we are all
done copying there I better make sure I'm going to shut off my Pulsar wallet for now uh let's
actually do a quick run through here so this is my Pulsar wallet the staking on the chain and
everything is done within the wallet itself you don't need to install any fancy software
you don't need need to rent vps's or anything you simply hold your coins within the wallet and then
obviously you gotta encrypt your wallet and then unlock your wallet encrypting your wallet just
puts a password whatever you want onto that it is all locked within that wallet.dat file itself so
that's what I say that's a very important file so once you do do that your wallet pretty much hangs
out online here connects to blockchain peers and then you do receive transactions meant by staking
here you can see mint by stake by stake 90 Pulsar 90 pulse sorry and the dates that it comes in now
some of these are orphaned it's not very often but it does happen you see this one's grayed
out so I don't think this one yeah here we have a little question mark thing it's not checked off so
this was like an orphan block but in the last bull run here of 2021 a single stake was worth a little
over two dollars so you're pretty much making two dollars a day depending on the amount of Pulsar
you have some of these I hit three to four staking the day so you know it's very profitable just
staking pulsar and wait out for that next Bull Run right now I think it's only like 60 cents or
something obviously we are way down in the market but that's in a nutshell how this whole staking
process works and it's very one of the easiest ones you could possibly do and you hold all your
private Keys you're not sending it anywhere all right so I did close up my wallet Now navigate to
wherever you did download the latest version here I have Pulsar 1.1.4.1 so it looks like there's a
little later version yet on top of that I'm just going to extract oh we're gonna wait for this to
close yada yada we're going to extract this to where I have it so we're gonna go to staking
pools here I'm going to come into Pulsar the setup hit OK and it's going to extract once that's done
extracting close it out I'm going to navigate back down to my staking pools I went into here stop
and done now most of this should have been all overwritten at this point here is the
old setup version and here is my new QT wallet so now I'm just going to Simply open this up
it's going to do its thinking process all its stuff I do have things running in the background
so we will come back once it finally loads all right so the wallet is now loaded right up here
windows will ask you to allow access yada yada stuff just hit the OK button I already did that
but you know if you use Windows you've seen this countless times before now you can see here info
staking suspended due to locked wallet that is due the fact I have to enter my password to unlock my
wallet to start receive stake and rewards but if you want to check the version of your wallet
simply hit the help button up here and go about Pulsar this will tell me I'm now on Pulsar version
1.1.4.164 bit has a bunch of links and stuff for you so there we go the wallet is updated
now I'm simply going to come into here and unlock my wallet and it'll ask for this big
password obviously I'm not going to click show password but I will enter this for you
there's my password hit the enter button and we're unlocked so now it will start connecting the piers
and I will begin receiving rewards so upgrading your wallet is that fast and that easy hopefully
this video does help you out and make sure if you are a pulsar Miner or Staker to upgrade
this wallet before November 12th thank you for watching I will see you on the next one Rabid Out
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