since this is a likely scenario: better use electrum for storage.
my hotwallet is with blocktrail.com (moved from blockchain.info) - you can restore your wallet even if blocktrail goes south and it's HD.
Topic: What if blockchain.info's server crashes!? (Read 1340 times)
It will be problem if you did not back up your wallet json file. So, please backup frequently, at least after you created a new address. Once you have that json file, you are safe. You can download an old version of multibit client and import the json file.
I don't know if the server right now is crashing or what, but surely they have got some problem with the site. I am constantly getting "Not reachable" messages in regular interval of time. Maybe, a ddos or something.
They have a very clean backup system it backups on every tansaction. Though crashing of servers is not going to happen. They must be storing info somewhere else too. So no need to panic. If you are not feeling good change your wallet to offline .
http://bitzuma.com/posts/blockchain-info-paper-backup-stores-private-keys-in-the-browser-history/
This will help you too .
http://bitzuma.com/posts/blockchain-info-paper-backup-stores-private-keys-in-the-browser-history/
This will help you too .
What do you guys think is the best local wallet to use? I'm thinking of using one from now on
You mean desktop wallet right ?If that's the case i would recommend you electrum, from my experience with it electrum is pretty easy and has a simple GUI so its not really a hassle to navigate through your wallet
What do you guys think is the best local wallet to use? I'm thinking of using one from now on
Do a forum search on blockchain.info hacks. Then see if you want to keep your coins there.
The blockchain.info site is down for me right now on WiFi but not 4G. Anyone else having this problem?
Up and working for me.Might be a problem in your LAN.
The blockchain.info site is down for me right now on WiFi but not 4G. Anyone else having this problem?
Last I checked there was an option to backup your wallet so you still have the private key, in case BC gets crashed/locked etc. Feel free to prove me wrong though
Yup they provide you an option to backup your wallet.datBut not all of us do this.And sometimes backing up increases the chances of getting your coins stolen.
If you have a wallet on their server, then you might lose it. The network would go on because all of the users with the right type of wallet downloaded would carry on the blockchain. Imagine if every person on Facebook downloaded and served the website to more people. If the facebook server dropped, the site would go on because there servers all over the world.
Running the network won't be a problem.We are concerned about our coins.Do they have the copies of encrypted wallet at every location(of all the user's)?If you don't have backup for your wallet, then say goodbye for your bitcoin or sue blockchain.info in court and ask them to give back your bitcoin.
But, i'm sure they have encrypted backup for their users wallet.
Maybe they should advice their users to backup their wallet in case blockchain.info is down or gone
Does block chain have any insurance policy?But, i'm sure they have encrypted backup for their users wallet.
Maybe they should advice their users to backup their wallet in case blockchain.info is down or gone
Has anyone read there T&C?
If you want your coins to be protected by insurance go to Coinbase, their coins are protected by the insurance so if anything happen you can always retrieve them back
blockchain is down.What could have happened?
BTW, .onion link is working
BTW, .onion link is working
Looks like they are moving to cloudflare and if its a new setup its might take few hours to resolve...
their servers has been down about 3 times today, and that isn't part of moving to cloudflare server as far as i know
Last I checked there was an option to backup your wallet so you still have the private key, in case BC gets crashed/locked etc. Feel free to prove me wrong though
Yup they provide you an option to backup your wallet.datBut not all of us do this.And sometimes backing up increases the chances of getting your coins stolen.
If you have a wallet on their server, then you might lose it. The network would go on because all of the users with the right type of wallet downloaded would carry on the blockchain. Imagine if every person on Facebook downloaded and served the website to more people. If the facebook server dropped, the site would go on because there servers all over the world.
Running the network won't be a problem.We are concerned about our coins.Do they have the copies of encrypted wallet at every location(of all the user's)?If you don't have backup for your wallet, then say goodbye for your bitcoin or sue blockchain.info in court and ask them to give back your bitcoin.
But, i'm sure they have encrypted backup for their users wallet.
Maybe they should advice their users to backup their wallet in case blockchain.info is down or gone
Does block chain have any insurance policy?But, i'm sure they have encrypted backup for their users wallet.
Maybe they should advice their users to backup their wallet in case blockchain.info is down or gone
Has anyone read there T&C?
If you want your coins to be protected by insurance go to Coinbase, their coins are protected by the insurance so if anything happen you can always retrieve them back
blockchain is down.What could have happened?
BTW, .onion link is working
BTW, .onion link is working
Looks like they are moving to cloudflare and if its a new setup its might take few hours to resolve...
their servers has been down about 3 times today, and that isn't part of moving to cloudflare server as far as i know
blockchain is down.What could have happened?
BTW, .onion link is working
BTW, .onion link is working
Looks like they are moving to cloudflare and if its a new setup its might take few hours to resolve...
Now we all know you stole all blockchain.info BTC. You shall not pass!
blockchain is down.What could have happened?
BTW, .onion link is working
BTW, .onion link is working
Last I checked there was an option to backup your wallet so you still have the private key, in case BC gets crashed/locked etc. Feel free to prove me wrong though
Yup they provide you an option to backup your wallet.datBut not all of us do this.And sometimes backing up increases the chances of getting your coins stolen.
If you have a wallet on their server, then you might lose it. The network would go on because all of the users with the right type of wallet downloaded would carry on the blockchain. Imagine if every person on Facebook downloaded and served the website to more people. If the facebook server dropped, the site would go on because there servers all over the world.
Running the network won't be a problem.We are concerned about our coins.Do they have the copies of encrypted wallet at every location(of all the user's)?If you don't have backup for your wallet, then say goodbye for your bitcoin or sue blockchain.info in court and ask them to give back your bitcoin.
But, i'm sure they have encrypted backup for their users wallet.
Maybe they should advice their users to backup their wallet in case blockchain.info is down or gone
Does block chain have any insurance policy?But, i'm sure they have encrypted backup for their users wallet.
Maybe they should advice their users to backup their wallet in case blockchain.info is down or gone
Has anyone read there T&C?
Quote
6. ASSUMPTION OF RISK
Company takes no responsibility for and will not be liable for any losses, damages or claims arising from
the use of our Services, including, but not limited to, any losses, damages or claims arising from (a) wallet
data being "Bruteforced", (b) server failure or data loss, (c) forgotten passwords, (d) corrupted wallet
files, (e) incorrectly constructed transactions or mistyped Bitcoin addresses; or (f) unauthorized access to
mobile applications, (g)"phishing," viruses, third-party attacks or any other unauthorized third-party
activities.
Company takes no responsibility for and will not be liable for any losses, damages or claims arising from
the use of our Services, including, but not limited to, any losses, damages or claims arising from (a) wallet
data being "Bruteforced", (b) server failure or data loss, (c) forgotten passwords, (d) corrupted wallet
files, (e) incorrectly constructed transactions or mistyped Bitcoin addresses; or (f) unauthorized access to
mobile applications, (g)"phishing," viruses, third-party attacks or any other unauthorized third-party
activities.
They do have a history of refunding users that were affected in their security incidents however.
Today I was wandering what if blockchain.info's server is destroyed! If there is a fire or a natural disaster(GOD FORBID)
What will happen then?How are we going to retrieve those encrypted copies?
So all the user's on blokchain will be left with nothing?
What do you think?
Not that I like them but unlike their usual inefficiency in user's security, they did at least have the brains to back it up several times.What will happen then?How are we going to retrieve those encrypted copies?
So all the user's on blokchain will be left with nothing?
What do you think?
From https://blockchain.info/id/wallet/technical-faq:
Quote
Where is my wallet stored?
We use MySQL Cluster to store your wallet data. Upon creation your wallet is synchronously saved on at least 2 separate privately owner servers. Our servers are collocated in a locked cabinet at a datacenter with a dedicated security guard. Every 24 hours a database backup is saved to an off site location.
We use MySQL Cluster to store your wallet data. Upon creation your wallet is synchronously saved on at least 2 separate privately owner servers. Our servers are collocated in a locked cabinet at a datacenter with a dedicated security guard. Every 24 hours a database backup is saved to an off site location.
Given that they have RAID configurations, it takes many hard drives to fail for a RAID5 configurations for a data to lose. Just to be safe, you can also ask them to mail you a wallet backup.
And sometimes backing up increases the chances of getting your coins stolen.
Running the network won't be a problem.We are concerned about our coins.Do they have the copies of encrypted wallet at every location(of all the user's)?
Running the network won't be a problem.We are concerned about our coins.Do they have the copies of encrypted wallet at every location(of all the user's)?
Close to none increase in security risks if you do your backup the right way, but then again, why going with an online-wallet in the first place.
If you're so concerned about your coins, hold them somewhere safe, locally, better even offline/cold or in a hardware wallet.
Last I checked there was an option to backup your wallet so you still have the private key, in case BC gets crashed/locked etc. Feel free to prove me wrong though
Yup they provide you an option to backup your wallet.datBut not all of us do this.And sometimes backing up increases the chances of getting your coins stolen.
If you have a wallet on their server, then you might lose it. The network would go on because all of the users with the right type of wallet downloaded would carry on the blockchain. Imagine if every person on Facebook downloaded and served the website to more people. If the facebook server dropped, the site would go on because there servers all over the world.
Running the network won't be a problem.We are concerned about our coins.Do they have the copies of encrypted wallet at every location(of all the user's)?If you don't have backup for your wallet, then say goodbye for your bitcoin or sue blockchain.info in court and ask them to give back your bitcoin.
But, i'm sure they have encrypted backup for their users wallet.
Maybe they should advice their users to backup their wallet in case blockchain.info is down or gone
Does block chain have any insurance policy?But, i'm sure they have encrypted backup for their users wallet.
Maybe they should advice their users to backup their wallet in case blockchain.info is down or gone
Has anyone read there T&C?
every online wallet have the same issues and can happened in anytime
that every one problem
so keep your coin in cold wallet better
that every one problem
so keep your coin in cold wallet better
Last I checked there was an option to backup your wallet so you still have the private key, in case BC gets crashed/locked etc. Feel free to prove me wrong though
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