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Title: Newbie Question Post by: caribbeanbitcoiner on August 14, 2014, 04:50:40 AM I joined the Dark side and bought around .44 btc ;D I'm looking at longterm investing in bitcoin while I'm young and in college. Should I looking into picking up a cheap refub used netbook for offlinestorage from ebay/craiglist? The netbook I was looking at is a DELL INSPIRON 910 which has a PCI-E SSD HDD :-\. Is the HDD a no-no for Cold-storage?
All recommendation and tips are welcome! Title: Re: Newbie Question Post by: wenben on August 14, 2014, 05:00:21 AM Use Armory and paper wallet for cold storage. Not point wasting a laptop and still have run the risk of hard disk failure and corruption.
Title: Re: Newbie Question Post by: papalegba on August 14, 2014, 05:01:18 AM i second that!
Title: Re: Newbie Question Post by: caribbeanbitcoiner on August 14, 2014, 05:09:45 AM Use Armory and paper wallet for cold storage. Not point wasting a laptop and still have run the risk of hard disk failure and corruption. Thanks for replying! The only thing worried about is losing my paper wallet since I'm a international student studying in the US since I move around a lot. Title: Re: Newbie Question Post by: lihuajkl on August 14, 2014, 05:22:14 AM Probably you can try to remember the private key then no risk to lose it!
Title: Re: Newbie Question Post by: CripLib on August 14, 2014, 05:24:52 AM Indeed, you don't need to buy a laptop just for the cold storage. It makes no sense, because it's much easier to keep a pen drive/CD/piece of paper with a QRcode/private key stored/printed in it than a notebook. And if the notebook goes broken, etc? Even a small micro sd card will do.
And if you move a lot, that's just one more reason... Thanks for replying! The only thing worried about is losing my paper wallet since I'm a international student studying in the US since I move around a lot. If you are careful enough you won't loose your cold storage, because it would be throwing your money away ;) Just to be on the safe side, you should keep different copies (backups) in different places. And, of course, encrypted. Please, have a look in these webpages for more info:
Probably you can try to remember the private key then no risk to lose it! The memory wallet can also be a good idea, but if you forget it, good bye coins... Title: Re: Newbie Question Post by: caribbeanbitcoiner on August 14, 2014, 05:38:45 AM Indeed, you don't need to buy a laptop just for the cold storage. It makes no sense, because it's much easier to keep a pen drive/CD/piece of paper with a QRcode/private key stored/printed in it than a notebook. And if the notebook goes broken, etc? Even a small micro sd card will do. And if you move a lot, that's just one more reason... Thanks for replying! The only thing worried about is losing my paper wallet since I'm a international student studying in the US since I move around a lot. If you are careful enough you won't loose your cold storage, because it would be throwing your money away ;) Just to be on the safe side, you should keep different copies (backups) in different places. And, of course, encrypted. Please, have a look in these webpages for more info:
Probably you can try to remember the private key then no risk to lose it! The memory wallet can also be a good idea, but if you forget it, good bye coins... OK so I guess using a pen drive with linux and Armory installed and backup copies of my wallet.dat is the most cheaper and efficient way? Title: Re: Newbie Question Post by: freedomno1 on August 14, 2014, 05:49:05 AM Thanks for replying! The only thing worried about is losing my paper wallet since I'm a international student studying in the US since I move around a lot. Indeed, you don't need to buy a laptop just for the cold storage. It makes no sense, because it's much easier to keep a pen drive/CD/piece of paper with a QRcode/private key stored/printed in it than a notebook. And if the notebook goes broken, etc? Even a small micro sd card will do. And if you move a lot, that's just one more reason... Yep a USB stick backup or two will be the cheapest way to store it safely just make sure not to lose it when moving. Download Bitcoin Core / Armory Backup the wallet on a USB or two and have a portable unit you can access. Title: Re: Newbie Question Post by: caribbeanbitcoiner on August 14, 2014, 05:53:14 AM Thanks for replying! The only thing worried about is losing my paper wallet since I'm a international student studying in the US since I move around a lot. Indeed, you don't need to buy a laptop just for the cold storage. It makes no sense, because it's much easier to keep a pen drive/CD/piece of paper with a QRcode/private key stored/printed in it than a notebook. And if the notebook goes broken, etc? Even a small micro sd card will do. And if you move a lot, that's just one more reason... Yep a USB stick backup or two will be the cheapest way to store it safely just make sure not to lose it when moving. Download Bitcoin Core / Armory Backup the wallet on a USB or two and have a portable unit you can access. Can you guys point me to tutorials or links that explain this method? Thanks! :) Title: Re: Newbie Question Post by: Kprawn on August 14, 2014, 06:10:42 AM Goto Bitaddress.org and save the page as a html file. Then disconnect from the internet and generate some paper wallets. {That is the fastest, but insecure way of doing, cold storage}
If you want to get video tutorials of more secure methods of cold storage, you can visit youtube and search for "bitcoin paper wallet" I simply do not have enough time now, to go into the details, but that will help you. ;) Oh.. And with the "badusb" hack, I would stay away from using any "Usb" type storage devices. Some "bad" software may lurk in the firmware. >:( {Formatting will not help} Title: Re: Newbie Question Post by: Katekyo on August 14, 2014, 06:24:53 AM Can you guys point me to tutorials or links that explain this method? Thanks! :) here (...) Please, have a look in these webpages for more info:
Title: Re: Newbie Question Post by: freedomno1 on August 14, 2014, 06:28:12 AM Can you guys point me to tutorials or links that explain this method? Thanks! :) Sure no problem here is a tutorial of how to create one for Bitcoin Core (New version of QT) https://www.youtube.com/watch?v=jGXf2xFyWaE It's a bit slow because of loading the chain https://www.youtube.com/watch?v=PGvrai3JxxI One for Armory as well |