Topic: Wallet software (Read 168 times)
I don't think it's the best decision. I prefer some services that provide a high-security level as a cold storage. I.e. Freewallet, Trezor or Ledger.
Just to reiterate - Not your keys, not your coins.
Always store your coins at a wallet address where you, AND ONLY YOU, have WRITTEN DOWN the seed words to access it. Don't store these digitally, computers can crash, or worse!
As mentioned before, wallets don't "store" coins, but act as a gateway to access these coins which are stored on the blockchain.
Good luck!
Always store your coins at a wallet address where you, AND ONLY YOU, have WRITTEN DOWN the seed words to access it. Don't store these digitally, computers can crash, or worse!
As mentioned before, wallets don't "store" coins, but act as a gateway to access these coins which are stored on the blockchain.
Good luck!
Did you not read the original post? He used to keep his coins externally at like Nicehash however now he installed the client for the ARRR Pirate coin and it sending his coins to his wallet on his computer. Since the wallet dat file is on his PC then he obviosly has access to his coins. So its "His coins because His keys".
Now I would advise that he makes a backup of this dat file at least incase there is a computer crash but other than some virus or malware they should be pretty safe. Much safer than leaving on Nicehash which was hacked a few years back.
Just to reiterate - Not your keys, not your coins.
Always store your coins at a wallet address where you, AND ONLY YOU, have WRITTEN DOWN the seed words to access it. Don't store these digitally, computers can crash, or worse!
As mentioned before, wallets don't "store" coins, but act as a gateway to access these coins which are stored on the blockchain.
Good luck!
Always store your coins at a wallet address where you, AND ONLY YOU, have WRITTEN DOWN the seed words to access it. Don't store these digitally, computers can crash, or worse!
As mentioned before, wallets don't "store" coins, but act as a gateway to access these coins which are stored on the blockchain.
Good luck!
I've always used a "non-native" wallet to mine to, or else Nicehash wallet. I am just now starting to use a wallet where the blockchain is stored on my computer, while mining with an ASIC. Do I have to keep my computer on and the wallet software open in order to mine to this wallet address? I am specifically mining Pirate (ARRR) to an Agama wallet on Windows, using an Antminer Z11, and mining with Piratepool.io.
You are mining at a pool. This means that you will receive payments now and then. Great.
Now, you have to learn something important about cryptocurrencies: they are not stored in the wallets. The blockchain holds all the information about the transactions, thus who has how much money.
That's why for many coins, including Bitcoin, if I give you a wallet address, you can send money there and you can see on a blockchain explorer how much money is there.
The wallet "only" handles the private keys, the "things" that allow you spend those coins.
That's why you don't have to keep your wallet open to receive payments, that's why you can have the same wallet on multiple computers, that's why if somebody steals the wallet info (private keys or seed) from you can steal your coins.
You do not need to keep the wallet open for the coin you're mining.
Let me elaborate,
Let's say you have a Paypal ID that you use for accepting payments.
You do not need to keep Paypal open all the time to accept payments as any transaction made will be automatically notified to you.
In a similar way, as you have Paypal ID, you have a primary address of the blockchain which you can use to receive the amount in your wallet.
So, as soon as you open the wallet after some time, the blockchain will update and automatically show you the amount received to the address.
I hope this clarifies your query.
Let me elaborate,
Let's say you have a Paypal ID that you use for accepting payments.
You do not need to keep Paypal open all the time to accept payments as any transaction made will be automatically notified to you.
In a similar way, as you have Paypal ID, you have a primary address of the blockchain which you can use to receive the amount in your wallet.
So, as soon as you open the wallet after some time, the blockchain will update and automatically show you the amount received to the address.
I hope this clarifies your query.
I've always used a "non-native" wallet to mine to, or else Nicehash wallet. I am just now starting to use a wallet where the blockchain is stored on my computer, while mining with an ASIC. Do I have to keep my computer on and the wallet software open in order to mine to this wallet address? I am specifically mining Pirate (ARRR) to an Agama wallet on Windows, using an Antminer Z11, and mining with Piratepool.io.
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