Rhenium FAQ’s
One of our team goals is to be as active as possible and help everyone as best we can
Written by Community Mod Movalis.
As our incredible run continues our Discord/Twitter is growing and so are some questions related with setup issues or how things work within our network. With that in mind we have decided to compile a simple FAQ to help those in need.
When will my masternode begin to pay out rewards ?
After you set up your Masternode you need to wait between 18 to 24 hours to receive the first reward.
Can I stake the 10k XRH used for my masternode?
No. That XRH must remain locked to the masternode that is running.
Can I stake my masternode rewards?
Absolutely. As soon as your rewards arrive into your wallet, they become normal XRH. You can do whatever you want with it.
When will my XRH start staking?
Your coins will need to have 101 confirmations to reach mature status in your wallet, this will generally take 2 to 3 hours.
Can I run the Wallet using a VPS and stake coins from there?
Yes. In fact it’s a better way to keep your wallet open 24/7 and staking continuously.
Does my wallet always need to be open to stake?
Yes. The only way to stake XRH is by leaving the wallet open on your system/VPS. If you turn it off, the staking process will stop.
If my wallet is closed, will I still receive masternode payouts?
Yes. They will be registered within the blockchain- as soon as your wallet is synced they will appear in it.
What’s the best way to stake XRH?
In coin control features, create groups of 1000 XRH each. This is found to be the most efficient method of staking.
My wallet is not showing staking as active, what’s wrong with it ?
This may be happening because your coins are not yet mature (101 confirmations). If your staking arrow is still not showing as green/active, then completely close your wallet and restart it. Wait for it to completely sync. Once done, unlock it and remember to check the option to stake (in the same window you enter the password).
How many rewards will I earn from a masternode?
These rewards change constantly as more masternodes go live on our network and price fluctuates.
Where can I check masternode stats?
Check here: https://masternodes.online/currencies/XRH
What is CoinMixing in the wallet? Do I need to start it?
It’s a feature that will make transactions virtually untraceable. You do not need to use it, only if you want.
Where is the block explorer?
It’s here: http://45.77.1.151
Where can I find masternode setup guides?
Our own VPS guides: https://github.com/Rheniumnetwork/Masternode-Setup-Guide
MNitra video guide/script for VPS setup: https://www.youtube.com/watch?v=blTkXCkKtMU
1 click mastenodes via GIN: https://p.gincoin.io/#!/
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
Be sure to check these links out for more useful info!
Wallet basics: https://medium.com/@rheniumnetwork/rhenium-xrh-for-beginners-fbf19a3cbf01
Staking guide: https://medium.com/@rheniumnetwork/rhenium-staking-guide-101-ddf061536e8e
Discord Server: https://discord.gg/SCqSczW
