PAC/$PAC FAQ Guide

This guide will cover most questions asked by people, and will be updated as new questions are asked, and when information becomes available for pre-existing questions.

Platforms

Q: What are the official platforms used by PAC/$PAC?

Wallets

Q: Where can I get the old/Redemption Wallet?
A: https://wallets.paccoin.net/ For Windows users, please use MEGA.NZ Mirror #1

Q: Where can I get the new $PAC wallet?
A: https://wallets.paccoin.net/rco/

Q: What’s the difference between the old wallet, and the Redemption Wallet?
A: The Redemption Wallet is an update of the old wallet. Think of any software you use that requires a download to update. That’s what this is. The Redemption Wallet will say in “Redemption Wallet” in blue under the PAC logo. It will allow you to insert your new $PAC wallet address into a comment line, so the redemption desk will know where to send your coins after you redeem.

Q: Can I send my PAC from the old wallet to the new $PAC wallet?
A: No. They are 2 completely different coins and they are not compatible. It’s the same principle as to why you can’t send BTC to an ETH wallet. You will lose your coins.

Q: Where can I find my wallet.dat and other .dat files?
A: For Windows: Press the Windows Key + R together. Search for %appdata% and press Enter. Make sure you are in the Roaming folder, and locate the paccoin folder. Inside the paccoin folder, you will find all your .dat files associated with your wallet.

For MAC: ~/Library/Application Support/paccoin

Q: How do I unlock my wallet?
A: For the old/Redemption Wallet, you will need to encrypt your wallet first by clicking on Setting > Encrypt Wallet. You will be asked to create a passphrase. This is your wallet password. To unlock click on Help > Debug Window > Console Tab. In the console, type the following:

walletpassphrase yourpassphrasehere 9999999

To unlock the new $PAC wallet, you will need to encrypt your wallet. Same process as the old wallet above. Then click on settings, and click on Unlock Wallet.

Q: What is the wallet address I send to for redemption?
A: You can find the wallet addresses to send to here: https://blog.paccoin.net/official-paccoin-pac-redemption-addresses/ WARNING! Do not send your coins to anyone that gives you an address. Only copy and paste them from the website. No member of the PAC/$PAC team will give out the addresses personally. They will always refer you to the website. If anyone says, “send them here” and gives you an address, do not trust it. Even if it is exactly the same as what is on the website, always copy/paste from the website just to be safe.

Q: I have unconfirmed coins in my wallet for a long time now. What is going on with them?
A: This is quite common with staking rewards, and from withdraw requests from exchanges. With the exchanges, a lot of people’s coins got stuck when the wallets broke on Yobit and Cryptopia. Your wallet shows them incoming, but they never arrive. Some people got their coins once Yobit wallets were fixed. Many others did not. There is a rewind bug in the old PAC blockchain, that will rewind a transaction, essentially eating it. That transaction is gone, but it still leaves a trace that it was there at one time. Many people were/are affected by this during the time their coins were stuck between Yobit/Cryptopia and their desktop wallets. That same bug also affects stake rewards periodically.

Q: How do I create a backup of my wallet?
A: The process is the same for both the old/redemption wallet, and the new $PAC Core wallet.

Click File > Backup Wallet.

Name your backup specific to each coin wallet. PACBackup.dat or $PACCoreBackup.dat and save it somewhere safe. Create backups after each transaction, to keep your backups current. Keeping backups stored on a USB stick/Flash Drive is a great way to keep them safe, in the unfortunate event of a computer crash.

Q: How do I restore my wallet using my backup wallet file?
A: For Windows: Make sure the wallet is closed. Press the Windows Key + R together. Type %appdata% and press Enter. A file explorer will pop up. Make sure you are in the Roaming folder and locate the folder of the wallet you are wanting to restore (paccoin or PaccoinCore), and open it. Inside, locate the wallet.dat and delete it. Drag and drop your backup wallet.dat inside the folder. Rename the file wallet.dat. Open your wallet, and let sync. Once sync is complete, the balance from your backup will appear in your wallet.

If you made transactions after that backup was created, those transactions and balances may not show up. To remedy this, you will need to perform a Rescan of the blockchain.

Right click on your wallet icon on your desktop and select Properties. Click on the Shortcut tab at the top. In the Target box, add -scan after paccoin-qt.exe. Make sure to add a space between exe and -scan.

Examples: C:\Users\User\AppData\Roaming\PaccoinCore\paccoin-qt.exe -scan

C:\Users\User\AppData\Roaming\paccoin\paccoin-qt.exe -scan

Click Apply and then open your wallet. It will perform a rescan of the entire blockchain, thus adding your transactions made after your backup. Once it has completed and your wallet is synced, close the wallet. Go back and remove the -scan from the Target box you entered earlier. Click Apply. You can now freely use your wallet with current balance and transactions.

For MAC: Make sure the wallet is closed. Press Cmd + Shift + G and enter ~/Library/Application Support/ and locate the wallet folder you are wanting to restore (paccoin or PaccoinCore), and open it. Inside, locate the wallet.dat and delete it. Drag and drop your backup wallet.dat inside the folder. Rename the file wallet.dat. Open your wallet, and let sync. Once sync is complete, the balance from your backup will appear in your wallet.

If you made transactions after that backup was created, those transactions and balances may not show up. To remedy this, you will need to perform a Rescan of the blockchain.

Press Cmd + Shift + G and enter ~/Library/Application Support/ and locate and open the wallet folder for the wallet you are wanting to perform the rescan with. Inside that folder you will see a paccoin.conf file. Open the file to edit, and add this line: rescan=1

Save the .conf and then open your wallet. It will perform a rescan of the entire blockchain, thus adding your transactions made after your backup. Once it has completed and your wallet is synced, close the wallet. Go back into the paccoin.conf and delete the rescan=1 line. Save the .conf. You can now freely use your wallet with current balance and transactions.

Redemption

Q: Why did they redeem only for Masternodes first? Why not everyone?

A: Masternodes make up the network. We need to build the network so the coin will be able to move once it goes live on exchanges.

Q: When will the general redemption start for non-masternodes?
A: It has already started!

Q: How long do I have to redeem?
A: The redemption process will last a little over 1 year to allow everyone to get their coins swapped. Though the longer you wait, the lower the amount of new $PAC you will receive in trade for your old PAC. From now through May 31st, you can redeem for 1000:1. June 1st – Aug 31st is 2000:1. Sept 1st – May31st 2019 is 4000:1.

Q: What is the redemption process to get my $PAC coins?
A: https://www.youtube.com/watch?v=nEMBeNp8-mM Please follow the directions very closely!

Q: How long does it take to receive my coins after I send them to the redemption address?
A: Currently there is a long wait. There is a huge volume of requests being sent, and we are working as fast as we can to process them. Expect up to 3-4 days. Could be sooner.

Q: What about my PAC on Cryptopia? Do I sell it? Withdraw? Send to another exchange?
A: Cryptopia wallets are broken. You can not deposit or withdraw your PAC. Cryptopia is assisting us with the PAC/$PAC redemption, and they will redeem your coins for you. So just leave them alone, and cancel any PAC sell orders, as they will not be redeemed if they are tied up in process.

Q: When will Cryptopia start redeeming my coins?
A: Anytime between now and March 1st. They have not given us a specific date on when they plan to start.

Q: Will Yobit or TradeSatoshi swap my coins for me?
A: No. Only Cryptopia is assisting us with the redemption.

Websites

Q: What happened to PacFyle/PACLyfe?

A: It’s still being worked on, although our primary focus is on the redemption. Our resources are spread thin due to the redemption process, and we want to ensure that everything goes smoothly, before we turn our attention back to the multiple other projects we have lined up.

Q: What happened to PACdirect.net?
A: PACdirect must now adhere to some recently added financial regulations before we are allowed to offer direct payments for $PAC from the website. These should be addressed shortly, and we want our community to view this as a positive. We want PACdirect to be 100% transparent both legally and in the eyes of the consumer before it is launched.

Exchanges

Q: When will $PAC be listed on Yobit/Cryptopia?
A: Cryptopia is scheduled to go live on Feb 17th. Yobit was scheduled for Feb 10th, but due to communication issues with Yobit, the process is going slower than we would like it to. When they have everything ready to go live, we will make the announcement.

Q: Will $PAC be listed on (insert exchange name here)?
A: We have submitted applications for $PAC on 28 exchanges. We will make announcements when the exchanges accept us.

Mining

Q: Can new $PAC be mined?
A: Yes. We have a tutorial for how to use NiceHash to mine $PAC – https://www.youtube.com/watch?v=cNhUe6KMU2w

Masternodes

Q: How do I get a Masternode?
A: Must have 500,000 $PAC in wallet.

Q: How do I setup my Masternode?
A: PacCoin VPS Masternode Guide
http://altcoin-guide.com/paccoin-vps-masternode-guide/

Q: What is a shared Masternode?
A: Pool where people with less than 500k $PAC can group their $PAC to earn a shared reward for handling network.

Q: How do i signup for a Shared Masternode?
A: http://pacmasternode.com

Reimbursements

Q: Will I be able to recover those coin stuck between exchanges/eaten by the rewind bug?
A: Yes. We are setting up a support desk to handle reimbursements to those who lost coins due to the bug, and for those whose coins were lost while the exchange wallets were broken. Please keep all records of your transactions. Screenshot your transaction ID’s, dates and amounts. When the support desk goes live, we will need those screenshots to verify the transactions, and to be able to refund the right amount of coins.

Q: I’ve been scammed. Can I get reimbursed?
A: There are many people out there impersonating us, and trying to scam people out of their PAC/$PAC. We have made many announcements regarding those people, and how to spot them, as well as being very clear and precise about where to get the specific addresses to use for the redemption, and not to trust anyone giving out addresses.

With that said, there were some people that still got scammed by someone impersonating the PAC_HelpDesk with an identical looking name. They used a capital i in Help. So it appeared that the official PAC_HelpDesk was assisting people, only to end up scamming them. Those people affected by the impersonator will be reimbursed via the same method as those affected by the rewind bug. All others who did not take precautions against scams will not be reimbursed.