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Title: Backing up your wallet Post by: Kiki112 on December 17, 2013, 07:50:45 PM How often should we back up our wallet?
Title: Re: Backing up your wallet Post by: WillMilk4Coin on December 17, 2013, 07:56:22 PM All day, 'ere day!
Actually, back it up onto a couple usbs and on paper and you're covered. No need to backup your wallet on a consistent basis. Once it is sufficiently backed up, it's good. Title: Re: Backing up your wallet Post by: Kiki112 on December 17, 2013, 08:01:39 PM All day, 'ere day! Actually, back it up onto a couple usbs and on paper and you're covered. No need to backup your wallet on a consistent basis. Once it is sufficiently backed up, it's good. so you only need to back it up once and afterwards if you insert it you just need to wait for the synchronization? :) Title: Re: Backing up your wallet Post by: WillMilk4Coin on December 17, 2013, 08:05:20 PM so you only need to back it up once and afterwards if you insert it you just need to wait for the synchronization? :) Yep, back it up once (but onto multiple media) ..and your wallet is redundant despite any activity thereafter. It's really just backing up your private key access to the address holding the coin. And to retrieve your wallet from backup, you'll have to open your wallet client and choose to import wallet data (or something to that effect) Title: Re: Backing up your wallet Post by: BurtW on December 17, 2013, 08:07:51 PM How often should we back up our wallet? Your wallet contains your private keys. Technically you only need to back it up when you add a private key.BUT how often you start using a new private key depends on the wallet you use. As one example: The Bitcoin-Qt wallet uses a new private key every time it gets change back from a transaction (which is pretty much every transaction). It has a pool of 100 keys that is uses for this. When you back up your Bitcoin-Qt wallet.dat file it backs up the next 100 keys that will be used for this purpose. So, you should back it up before you use all those keys. I back up my Bitcoin-Qt wallet every dozen or so transactions or every time I generate a new key by pressing the "new key" button or every time I import a new private key. Other wallets have differing requirements. Title: Re: Backing up your wallet Post by: ajax3592 on December 17, 2013, 08:08:13 PM Just make a cold/paper wallet in case you are dealing with big amounts. Else make a fresh backup on a USB each time you think you received substantial BTC
Title: Re: Backing up your wallet Post by: Kiki112 on December 17, 2013, 08:26:01 PM How often should we back up our wallet? Your wallet contains your private keys. Technically you only need to back it up when you add a private key.BUT how often you start using a new private key depends on the wallet you use. As one example: The Bitcoin-Qt wallet uses a new private key every time it gets change back from a transaction (which is pretty much every transaction). It has a pool of 100 keys that is uses for this. When you back up your Bitcoin-Qt wallet.dat file it backs up the next 100 keys that will be used for this purpose. So, you should back it up before you use all those keys. I back up my Bitcoin-Qt wallet every dozen or so transactions or every time I generate a new key by pressing the "new key" button or every time I import a new private key. Other wallets have differing requirements. damn :( I use Bitcoin-Qt also So I need to back it up every 100 transactions good thing I stopped using faucets and stuff = less transactions :D |