Topic: What will happen if i mine with a light wallet (Read 919 times)
thanks for the reply guys
Yep thats the question also i am sorry if i dont make any sense it is just because i am just starting out with the whole mining thing
If your mining on a pool it makes absolutely no difference what kind of wallet you use. If your solo mining then you should run a full node (if it's not required still).
I have a client wallet on my mac mini's
I have a few blockchaininfo wallets
I am usa based so I have coinbase.
You need to understand what is wrong with a client wallet. Once you do they are pretty safe.
The gear the wallet is on can fail and you can lose the wallet and all the coins.
So you need to do a proper back.
wallets on mac minis are really easy to back up.
so my client based wallets are on mac minis.
Here is the deal you can do a wallet on a mac mini then clone the drive 2 copies if the mac mini's drive crashes you have a back up .
If the mac mini's mobo crashes that cloned mac mini hdd will run other mac minis. (an advantage over windows)
So I have 3 mac minis I have 3 cloned hdd's of the one with the bitcoin client. I stored the 3 hdds clones like this.
1 in my house
1 in a local banks vault
1 in my bro in laws house.
So gear failure for my client is very unlikely.
I have been lazy but intend to do this with a rasp pi model 2
I have a few blockchaininfo wallets
I am usa based so I have coinbase.
You need to understand what is wrong with a client wallet. Once you do they are pretty safe.
The gear the wallet is on can fail and you can lose the wallet and all the coins.
So you need to do a proper back.
wallets on mac minis are really easy to back up.
so my client based wallets are on mac minis.
Here is the deal you can do a wallet on a mac mini then clone the drive 2 copies if the mac mini's drive crashes you have a back up .
If the mac mini's mobo crashes that cloned mac mini hdd will run other mac minis. (an advantage over windows)
So I have 3 mac minis I have 3 cloned hdd's of the one with the bitcoin client. I stored the 3 hdds clones like this.
1 in my house
1 in a local banks vault
1 in my bro in laws house.
So gear failure for my client is very unlikely.
I have been lazy but intend to do this with a rasp pi model 2
Also another question iss if I already downloaded the whole blockchain in a specific wallet lets say dogecoin so if I downloaded another type of wallet coin again will I download a different one or is it all in the downloads before
Light or full wallet really has nothing to do with your mining. You can mine to either just as easily. Lightweight is nice due to you do not need to download the entire blockchain like core. Full like core is a good wallet, but you are downloading a lot to get started.
Wallets tend to focus on one currency for example BTC. You will find a ton of great options. But there are not really good wallets to keep multiple coins in. One could do it in a exchange..... but I hate storing in a exchange long term.
I suggest reading a little on wallets and it will be much clearer and easier to understand.
Also another question iss if I already downloaded the whole blockchain in a specific wallet lets say dogecoin so if I downloaded another type of wallet coin again will I download a different one or is it all in the downloads before
Yep thats the question also i am sorry if i dont make any sense it is just because i am just starting out with the whole mining thing
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