Coldstake - At home
In this guide we will show how to run a Coldstaking setup where both wallets are on the same node
This is for miners that want to Coldstaking at home and get the benefits of the enhanced security
Getting started
Lets assume we have a node with a regular wallet named main-wallet that has the funds to be cold staked.
1 - Create a new wallet and call it coldstake-wallet
2 - Go to the ColdStaking tab and enable both wallets for coldstaking.
Do the same for both wallet
This will create the additional HD accounts that will be used for coldstaking
Now when we go to the Coldstaking tab we will see this view.
Both wallets are now setup for coldstaking but we only have funds in the main-wallet
3 - Next we send coins to a coldstaking transaction
Go to the main-wallet and select the cold account
There are two options to choose from, Coldstake and Delegate, they are very similar but with one difference,
Coldstake will look in the local wallets to find addresses to send and receive from.
Use Coldstake - when both wallets are on the same node
Use Delegate - when the staking wallet is on a different node (mostly used for staking pools or cloud staking)
4 - Setup Coldstaking
Click on the Coldstake button to continue.
Next we send coins from the main wallet to the coldstaking-wallet with a special coldstaking transaction
Click on the coldstake-wallet to get a new address
Select the amount you want to coldstake
Set the fee it will cost to broadcast the transaction
Decide if you want the output type to be PayToScript or not.
Click on Setup coldstaking, you will see a new entry in the history
And if you go to the Coldstaking tab you will now see hot balance in the coldstake-wallet and and cold balance in the main-wallet
5 - Start staking
Go to the Staking tab select the coldstake-wallet and start staking
It should look like this
6 - Withdraw from coldstaking
Got to the Coldstaking tab and select the main-wallet (you cannot withdraw form the coldstaking-wallet, that can be used only for staking)
Select the cold account, and then click on withdraw button
Click on the main-wallet to get a new address to withdraw to
Select the amount to withdraw
Click withdraw
Now we should see this view in the Coldstaking tab
