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Tutorial on How to Switch to the Reddcoin POSV Wallet

As many of you may know, the lead developer of Reddcoin, Laudney, announced the official release of the Reddcoin POSV Wallet v1.3.0.0 today.  While it is not necessary to upgrade to this wallet immediately, as the full switch to POSV will not happen until August 2, 2014, Reddcoin users should consider switching as soon as possible.  Unlike previous wallet upgrades, this one takes a bit more work, so we will help you take it step-by-step:

Download the New Reddcoin POSV Wallet

The new wallet can be obtained from Github, by going to this link.  Choose your operating system to download the appropriate format.  This guide will focus on the Windows version of the wallet, but may be updated to include Linux, and possibly Mac, in the future.

Reddcoin POSV Wallet Download
Choose The Operating System You Run Your Current Reddcoin Wallet On

Encrypt Your Current Reddcoin Wallet

WARNING:  When Encrypting Your Wallet, MAKE SURE You Record The Encryption Password In A Way That You Cannot Forget It, and That No One Else Can Access It.  If You Lose Your Password, You CANNOT Use Your Wallet.

Open your current Reddcoin wallet, click “Settings”, and then “Encrypt Wallet”

Encrypt Old Reddcoin Wallet
Click This Button To Encrypt Your Wallet

This will bring up the menu to enter you encryption password.  Once again, PLEASE be careful with this.  Once you encrypt your wallet, you must have the password to use the funds in it.  If you lose the password, any Reddcoin in the wallet are effectively lost as well.  While I would not suggest keeping a copy of the wallet that is unencrypted, as that is not a secure practice, if you are unsure that you can remember a password, or keep up with a record, and prefer to give up that security, then you should make a copy of the unencrypted wallet before you encrypt it.  However, as I said, that is not a safe way to store any digital currency.

Enter Encryption Password for Old Reddcoin Wallet
Enter an Encryption Password for your Reddcoin Wallet

Backup Your Reddcoin Wallet.dat

Once you have encrypted your Reddcoin wallet, make a copy of the wallet.dat file that is in your Reddcoin folder.

Copy Reddcoin Wallet.dat
Copy Your Wallet.dat File

Make sure you paste this copy in a different directory than your normal Reddcoin wallet.dat.  It is an even better idea to make a copy on a flash drive, external harddrive, a different computer, or all of the above.

Reddcoin Wallet Backed Up
Notice that this Reddcoin Wallet.dat is in a backup folder

Uninstall The Old Reddcoin Wallet and Install The New Reddcoin POSV Wallet

To uninstall your old Reddcoin wallet, first you should run the uninstall application

uninstall reddcoin wallet
Uninstall Reddcoin Wallet with the Uninstall Application

This will leave some files intact.  You must now delete ALL of the remaining files, with the exception of the wallet.dat.

delete everything except Reddcoin wallet
Delete All Files in your Reddcoin Directory EXCEPT Wallet.dat

Now copy the to your Reddcoin folder, and unzip it.

extract new posv wallet to reddcoin directory
Extract the Reddcoin POSV Wallet to Your Reddcoin Directory

This will make new folders, so navigate to the sub folders created in your Reddcoin directory, reddcoin- and run the reddcoin- application.

Launch reddcoin win32 setup
Launch the Reddcoin POSV Wallet Installation File

During the setup process, you will be prompted to provide your Reddcoin directory.  Make sure that you select the folder that contains your Reddcoin wallet.dat.

Choose Reddcoin Folder
Choose your Reddcoin Folder so that the Reddcoin POSV Wallet is Installed where your Wallet.dat Resides

Launch the new Reddcoin POSV Wallet

Now, navigate to your Reddcoin-qt application, launch it, and the Reddcoin network should begin to sync.  You may notice that I am using a shortcut, as I use –datadir=”folderpath” to direct where my Reddcoin data files are stored.  This is not necessary, but I do it to keep from filling my SSD.  You can ignore that, unless you have a reason to store all of the data files in the same directory.

Launch Reddcoin QT
Launch the new Reddcoin POSV QT file

Now, all you need to do is wait for the network to catch up.  Mine is currently listing “no block sources available”, though that generally will clear up with a bit of time, and should become less common as more users switch to the new wallet. Update:  It is now syncing!  Image is updated to show that.

Reddcoin Wallet Syncing
It May Take a Moment, but Your Reddcoin Wallet Should Start Syncing

[divider] I hope this guide is helpful.  If you have any further questions, or see an error in my tutorial, please let me know!  I can’t wait to see POSV in action.

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7 comments on “Tutorial on How to Switch to the Reddcoin POSV Wallet”

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  1. Hi Dustin, I attempted to do as you explained but none of your instructions matched my computer. So I contacted support as you suggested who didn’t have the time of day for me…. I have lost all my Reddcoin trying to upgrade without any real help or the wrong help from Reddcoin. 2 sentences can hardly be called SUPPORT. What a F****ed community! Obviously they don’t have the time of day for folk who are not computer savvy. I guess that cuts out most of the population which means that this coin thing will not take off. I sure as hell not wasting any more $ on Reddcoin!

  2. Great article! I had a problem installing the new wallet. Once I tried to run it I got the following error…

    MinGW Runtime Assertion

    Assertion failed!

    Program: EReddcoinreddcoin-qt.exe
    File: db/, Line 803

    Expression: dummy_version_.next_== &dummy_versions_

    I am running Window 8.1 64 bit, and I noticed the only option is a 32 bit download, could this be causing the error? I have since reinstalled v1.2.1 and it is working.

    1. Hrmm, I do not know. I am also using a 64 bit system, but have not had an issue. However, I am using Windows 7, so the problem could be with Windows 8. Send an email to [email protected] with exactly what you posted here. Maybe someone on the Reddcoin team can figured it out.

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