What is Webchain?
Webchain is cryptocurrency that has smart contracts functionality. Another example of cryptocurrency is Bitcoin,
but Webchain is much faster and more efficient and also it's still very cheap compared to other cryptocurrencies.
How can I use Webchain?
You can trade it on one of the exchanges mentioned on main page - just register for example
transfer some money there and buy WEB. You then become owner of WEB and you can wait for it's price to appreciate. Please
be aware that investing in cryptocurrencies is considered risky, but potential gains are also big. Do it only with money you can potentially lose.
I don’t know how to run commands and I’m a windows user
The steps are easy to follow: 1.
Go to Webchain: the basics
. Here you will see a list of all the possible commands that you can use, from how to create a new wallet to how to access and mine Webchain. 2.
From CMD, PowerShell or your preferred console, go to the route where you stored webchaind.exe 2.1 Let’s say you stored webchain.exe in the recommended directory:
C:\Users\UserName\AppData\Roaming\Webchain 2.2 Run the following command:
> cd c:\users\UserName\AppData\Roaming\Webchain and hit enter.
2.3 Once you’re there, you can write all the commands that webchaind.exe can execute.
Check the instructions to Create or manage account(s)
if you need help to create your account.
I received an "Invalid Login" message
If you got the error:
"Invalid login", code -1 when trying to run the miner, it means that the wallet address you added to the config file is not correct or is not a real webchain wallet address. If you generated the account (via GUI wallet or via console with webchaind), just make sure to add the 0x prefix to you address, when adding it to the config file For example:
Account address number: 8d1ba0497c3e3db17143604ab7f5e93a3cbac68b
Way it should be added to the config file: 0x8d1ba0497c3e3db17143604ab7f5e93a3cbac68b.
The miner is running but I see no workers on the pool
Having the miner run without error messages only means that your settings on the config file were correct and that your device is properly connected to the blockchain. If after a while, you go to the pool site and there are no workers listed, something like this:
It most of the time means that your device hashrate isn’t enough to mine the coin on this pool, probably because the difficulty is too high for you device to submit a share before a new block is generated. If you check the miner log, you shouldn’t find any “accepted share” message, and it’s right after the pool has accepted a share that your miner is shown as active.
We recommend users to switch pools (lower difficulty pools) until finding one that allows your device to submit shares. In the case of official pools, if your miner is working on pool.webchain.network:3333 with high difficulty (20000), it’d be a good idea to switch your miner to the port 2222 (pool.webchain.network:2222) which has a much lower difficulty (5000).
I find the network difficulty too high. Are there any other pools?
is Webchain official pool, and you can use either of the ports to choose the most appropriate difficulty for your machine:
- pool.webchain.network:2222 which has 5000 difficulty.
- pool.webchain.network:3333 which has 20000 difficulty.
We have a list of official and community pools with different difficulties, choose the one that suits you best. Check our Bitcointalk
thread for updates, some pools might have been listed.
I can't sync or connect to any nodes / I can’t find peers
Everyone who runs webchaind becomes a node. And webchaind finds all nodes automatically, as it works according to the Peer-to-Peer principles. If you run webchaind, after sync it should show something like this:
But sometimes you just can't get connected to the network (0 peers). The most common reasons are:
- Your local time might be incorrect.
An accurate clock sync is required in order to be a Webchain node. Check your OS for how to resync your clock (example sudo ntpdate -s time.nist.gov). Consider that even 12 seconds of difference can lead you to 0 peers.
- Some firewall configurations can prevent UDP traffic from flowing.
How can I recover my webchain wallet?
To recover your wallet, whatever the reason is, just follow these short instructions:
1. Backup and delete the folder where Webchain was installed:
Keep in mind that after installing, you need to manually add the account(s) you had registered, so it’s better if you have a backup of the UTC files generated for each account and saved in your device.
2. Run WebchainWallet app and repeat the installation process.
To reсover the wallet(s) from the backup, you just need to put your keyfiles to $HOME\AppData\Roaming\Webchain\mainnet\keystore (on Windows) or to $HOME/.webchain/mainnet/keystore (on Linux). And then you can use them from console or GUI app.
Solo mining, slow synchronization
Webchaind syncs with the network automatically after starting. However, this method is very slow when it comes to solo mining. We recommend you to download blockchain file and import it. Follow the instructions on this short Github guide on Fast synchronisation
How can some users reach such high hashes/second e.g. 20 KH, 30 KH?
Since you can get multiple workers to mine webchain for one wallet, some users create what is known as a farm of servers. Some of those users sit on discord and even post their stats - how many servers they have and their devices specifications.
We cannot distinguish a CPU farm mining for one wallet from many different computers of different owners. Unless we forbid mining for one wallet address from more than one location, but then users would simply generate many wallets.
Do I earn more or fewer WEB depending on the pool difficulty?
A low difficult pool allows miners to submit more shares before a new block is generated, so you get a higher number of payouts because this frequency is determined by the number of shares you submit. However, the size of the payout depends on the number of hashes contained in each share, which is lower as the pool difficulty is also lower. In the case of a high difficult pool, the miner is not able to submit the same number of shares before a new block is generated, but the submitted shares contain more hashes, meaning you get fewer but bigger payouts.
In summary, the difficulty doesn't determine how many coins you'll earn at the end of the day, but the frequency of the payouts.
When mining on webchain pool, is there a way I can set a username to identify my miner?
Yes, when you edit the json file, you add your wallet address number as your username, through which your transactions can be identified. In case of using different workers to mine off webchain for the same wallet, we have also enabled Worker-ID functionality for webchain miner after the 18.104.22.168 version. Just follow these steps: 1.
Open you config file. 2.
Find “worker-id” as an argument within pools
Add the ID you prefer (a number, a word or a combination of both).
Run the miner, and after having the first share accepted, you will be able to track the performance of your workers on the pool
website. Enter your account including the 0x
You’ll be shown the statistics for your miner and in case of having multiple workers, you’ll have them organized as in the image below, where you could check what their hashrates are and when was the last time each one submitted a share.
I can't type on the Webchaind CMD prompt
In case you're using windows, you can use powershell (CMD, Git bash or your preferred terminal) and type the command “cd” to enter the directory where webchaind app was saved. Example:
Once located on that directory, you can use any of the commands listed here https://github.com/webchain-network/webchaind
to create new addresses:
> webchaind account new
to list all your addresses:
> webchaind account list
How to setup Solo mining on Webchain?
Follow these steps:
1. Start the console:
webchaind.exe console (for windows)
2. Get your balance (on console):
3. Start mining (on console):
4. Get your balance again to confirm you are mining:
I forgot / cannot see my wallet address, where can I find it?
You can follow the following procedure if you are working on the same computer where you generated the wallet account.
1. From CMD, PowerShell or your preferred console, go to the route where the app webchaind is located.
2. If webchain.exe is located in the the following directory
3. Then, to go to that folder, run the command:
> cd C:\Users\UserName\Download\Webchaind
Step 3 will lead you to the directory where your webchaind.exe file is located
Once you are in the directory where your webchaind.exe file is located, you can enter all the commands that webchaind.exe can execute
4. Execute the following command, which will show you the wallet address(es) created and stored in that directory:
> webchaind.exe account list
1. From Linux shell go to the folder where you decompressed webchaind by running the command "cd".
2. Let’s say you stored webchain in the directory
3. Type the following command
> cd /opt/webchaind/ and press enter.
Step 3 will lead you to the directory where webchaind is located
Once you are in the directory where webchaind is located, you can enter all the commands that webchaind can execute
4. Execute the following command, which will show you the wallet address(es) created and stored in that directory:
> ./webchaind account list
How can I check my balance?
There are a few ways to check it: 1. Explorer:
go to https://explorer.webchain.network/
and search your wallet number on the bar. Your balance will be shown this way: 2. Console:
execute the command:
Remember to add the address including 0x
at the beginning. 3. Wallet:
open GUI Wallet App
, add your account using a mnemonic phrase or the UTC file which is located in your keystore directory. On the How to Mine
page you can find more details (Check step 2.3. "In case you need to import an account").
How can I change my wallet password?
Enter the following command in linux shell console or windows cmd console from the directory where webchaind app is located:
> webchaind account update YOURWALLETNUMBER
You will be prompted for your current passphrase and if it is correct, you will be able to enter the new password.
The balance I get when using the wallet is different than the balance shown on the block explorer.
The balance that is shown on the wallet must be the same you get from the Webchain Explorer
. If you are mining, it could be a little different because of the network syncing.
Check the log file and see if there are warnings about time differences. If your clock is significantly out of sync with the current time, it may prevent you from downloading/uploading the data on time. To check log files: Linux:
> ~/.webchain/mainnet/log Windows:
Will the iOS version be ready soon?
Apple has explicitly banned apps that mine cryptocurrency on its devices, according to newly updated Review Guidelines for the App Store. The new ban extends to all Apple platforms.
Will mining affect other CPU processes? I mean, will I be able to use my PC while mining?
Of course you can use your PC while mining. With Webchain, the percent of your CPU dedicated to mining is up to you. If you want to be able to mine and do other things at the same time, you just need to adapt the parameter “max-cpu-usage” in the config file.
Remember that you can also use more than one device (a.k.a “worker”) to mine webchain for the same wallet at the same time. Set a worker-ID and assess the hashing power of each one.
Do you have any plans to build a GPU miner?
We have no plans to build a GPU miner for the Webchain, as it would reduce the opportunity for low-power devices, going against one of our main features, which is to guarantee a profitable and egalitarian opportunity for as many users as possible.
Is Webchain mineable with cryptonight GPU miner?
So far, we haven't found any evidences of GPU miners on webchain. Higher hashrates on the network are proved to be reached by using different workers and creating a farm. As we've always said, we aren't planning to release any GPU miner because our goal is to make CPU mining profitable.
What if I try to build a GPU miner for Webchain?
We are highly aware of the skills of the community, so building a GPU miner is up to anyone who decides to invest time on a miner that would not represent a so higher efficiency over our CPU miner, given our specifications and customizations of the Cryptonight algorithm.
20% premine for a PoW project is too large
We kindly ask you to consider that Webchain didn’t have any ICO or crowdfunding campaign. Our chances to keep developing this project come from those premined coins. We’ve set a lock-in dates for those premined coins, have a look at the time distribution:
5% - available in 2018 (part of it might be used as airdrops in another project to promote Webchain).
20% - available from early 2019.
30% - available from early 2020.
45% - available from early 2021.
Where can I trade Webchain?
We keep our main page
updated with the exchanges Webchain has been listed on. Besides that, our team keeps contacting exchanges and trying to get Webchain listed, it highly depends on your support, the more known the coin, the easier and cheaper it is to list it.