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Bitcoin => Electrum => Topic started by: crwth on January 19, 2017, 08:06:06 PM



Title: Question about cold storages
Post by: crwth on January 19, 2017, 08:06:06 PM
Hello Electrum experts,

I have a question concerning cold storages. Right now, I have a cold storage (In my laptop that's never been connected), and I'm planning to transfer my funds there to another cold storage (another laptop, much older but still able) So I'm planning to move it and thought about, what if I transfer the software itself or something so I wouldn't create another wallet and other addresses. Can it be done? Or just create another cold storage then transfer it. I'm wondering if it's possible. What do you guys prefer?


Title: Re: Question about cold storages
Post by: longbob72 on January 19, 2017, 08:21:32 PM
Hello Electrum experts,

I have a question concerning cold storages. Right now, I have a cold storage (In my laptop that's never been connected), and I'm planning to transfer my funds there to another cold storage (another laptop, much older but still able) So I'm planning to move it and thought about, what if I transfer the software itself or something so I wouldn't create another wallet and other addresses. Can it be done? Or just create another cold storage then transfer it. I'm wondering if it's possible. What do you guys prefer?

If it's a wallet with seed then just restore from seed. If not then just copy the wallet file. Both will enable you to use your old wallet instead of creating a new one.


Title: Re: Question about cold storages
Post by: kolloh on January 19, 2017, 08:48:56 PM
Yep, there is really no need to transfer the funds to a new wallet. You can easily restore from the seed as previously mentioned or you can copy over your Electrum data folder and start using it on the new laptop without issues.

On Windows, you can copy over
Code:
Users/YourUserName/AppData/Roaming/Electrum
and for Mac/Linux it will be in
Code:
~/.electrum


Title: Re: Question about cold storages
Post by: Coin-Keeper on January 19, 2017, 09:04:28 PM
Couple of things.  As you read above there are at least those two ways to accomplish the task.  My preference would be to create a new wallet using the original wallet's SEED.  Its a way to be 100% positive that your seed is accurate.  All the addresses will exactly match the original if the SEED is correct.  You can also backup the original wallet file and save that on the new Desktop as a "double" backup if you wanted to.  Wallet files are very small.  A concern for me, which I wanted to remind you of.  What are your plans for the computer that was formerly hosting your Electrum cold wallet?  When Thomas designed the cold wallet feature of Electrum the primary strength came from the fact the machine would never see online anything.  If you are going to use that machine in any way, especially online, than consider doing a forensic clean of the disk area in question (if not the entire disk) so there is NO chance those SEED remnants will ever escape into the internet "wild"!!  This is the sole purpose of the COLD WALLET design --- its cold!!


Title: Re: Question about cold storages
Post by: kolloh on January 20, 2017, 02:33:23 AM
Couple of things.  As you read above there are at least those two ways to accomplish the task.  My preference would be to create a new wallet using the original wallet's SEED.  Its a way to be 100% positive that your seed is accurate.  All the addresses will exactly match the original if the SEED is correct.  You can also backup the original wallet file and save that on the new Desktop as a "double" backup if you wanted to.  Wallet files are very small.  A concern for me, which I wanted to remind you of.  What are your plans for the computer that was formerly hosting your Electrum cold wallet?  When Thomas designed the cold wallet feature of Electrum the primary strength came from the fact the machine would never see online anything.  If you are going to use that machine in any way, especially online, than consider doing a forensic clean of the disk area in question (if not the entire disk) so there is NO chance those SEED remnants will ever escape into the internet "wild"!!  This is the sole purpose of the COLD WALLET design --- its cold!!

True, that is good advice. I suppose that could also be one argument for creating a NEW cold wallet on the new PC rather than just importing the old one. You wouldn't have to worry as much about what you do with the old PC and its seed after migrating the funds to the new one.


Title: Re: Question about cold storages
Post by: crwth on January 20, 2017, 03:02:57 AM
Hello Electrum experts,

I have a question concerning cold storages. Right now, I have a cold storage (In my laptop that's never been connected), and I'm planning to transfer my funds there to another cold storage (another laptop, much older but still able) So I'm planning to move it and thought about, what if I transfer the software itself or something so I wouldn't create another wallet and other addresses. Can it be done? Or just create another cold storage then transfer it. I'm wondering if it's possible. What do you guys prefer?

If it's a wallet with seed then just restore from seed. If not then just copy the wallet file. Both will enable you to use your old wallet instead of creating a new one.

Okay then, it will match the addresses even if I didn't connect it to the internet? That's cool. I just need to install the electrum software there in order to do that, of course. Thanks longbob


Title: Re: Question about cold storages
Post by: crwth on January 20, 2017, 03:05:28 AM
Couple of things.  As you read above there are at least those two ways to accomplish the task.  My preference would be to create a new wallet using the original wallet's SEED.  Its a way to be 100% positive that your seed is accurate.  All the addresses will exactly match the original if the SEED is correct.  You can also backup the original wallet file and save that on the new Desktop as a "double" backup if you wanted to.  Wallet files are very small.  A concern for me, which I wanted to remind you of.  What are your plans for the computer that was formerly hosting your Electrum cold wallet?  When Thomas designed the cold wallet feature of Electrum the primary strength came from the fact the machine would never see online anything.  If you are going to use that machine in any way, especially online, than consider doing a forensic clean of the disk area in question (if not the entire disk) so there is NO chance those SEED remnants will ever escape into the internet "wild"!!  This is the sole purpose of the COLD WALLET design --- its cold!!
Okay then, thank you for your suggestion. I would use my old laptop for the internet because I have a laptop that is slower, so it's preferred to be my cold storage. I'm thinking of reformatting my old laptop so there would be no remnants left. So I think it would be safe.


Title: Re: Question about cold storages
Post by: crwth on January 20, 2017, 10:08:49 AM
Thank you,  everyone, who posted here to help me. I appreciate it. Fortunately, I was able to restore it with my seed, and I thought it was going to generate different addresses (Well, I didn't know that it came from that, but still, it's awesome. As for my old cold storage, I'm resetting everything and right now, I'm cleaning the drive. Planning to use it again for online purposes. Thanks again to those who posted, this thread could be closed.


Title: Re: Question about cold storages
Post by: kolloh on January 20, 2017, 03:59:58 PM
Thank you,  everyone, who posted here to help me. I appreciate it. Fortunately, I was able to restore it with my seed, and I thought it was going to generate different addresses (Well, I didn't know that it came from that, but still, it's awesome. As for my old cold storage, I'm resetting everything and right now, I'm cleaning the drive. Planning to use it again for online purposes. Thanks again to those who posted, this thread could be closed.

Great! Glad to hear it. You should be able to close the thread yourself by the way. Check the lower left of the thread for a lock topic button.