Yes, You must remove the password from "app.ini" & create a Database by going to:
Code:
http://127.0.0.1/phpmyadmin
Then click the "Database Tab".
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Then Type in "DarkOrbit". Then click "Create"
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Next click the "Import Tab".
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Next Click the "Choose File" Button and select your .sql file.
If you do not have a "Darkorbit.sql" file, download my attachment below.
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Next, Click the "Go" Button.
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Now lets check if the file was imported successfully. Just click the "darkorbit" tab.
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Then you should see this:
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Hopefully I helped you out. Good luck with your Private server! :P