First, can I set up an electrum wallet offline? or do I have to set up a cold storage wallet while my machine is connected to the internet? Second, when I send coins to that address how does it get to my wallet?

My understanding is the coins just get tethered to the wallet address in "cyber space" and never actually gets to the wallet, but my private key allows me access to them once I want them and connected to the blockchain. Is this correct?

Also when I create a wallet online, say with MEW, how does the blockchain know it is an address if the machines and wallet never connects? or is it simply the transaction file it reads and sends it to whatever address is says whether it's valid or not?

First, can I set up an electrum wallet offline? or do I have to set up a cold storage wallet while my machine is connected to the internet? Second, when I send coins to that address how does it get to my wallet?

My understanding is the coins just get tethered to the wallet address in "cyber space" and never actually gets to the wallet, but my private key allows me access to them once I want them and connected to the blockchain. Is this correct?

Also when I create a wallet online, say with MEW, how does the blockchain know it is an address if the machines and wallet never connects? or is it simply the transaction file it reads and sends it to whatever address is says whether it's valid or not?

Awesome thanks for the replays! just want to verify one thing, with software like Jaxx and Exodus, if the computer that is running it is turned off, there is no way a someone could move coins from the wallet, unless they had my backup seed. Correct?

So from my understanding, there are very few wallets that handle many types of crypto, Exodus, and Jaxx being the 2 largest. They are considered cold storage wallets cause the program is not always running? however, if I put them on a virtual machine that is never on it would a stronger cold storage. However, hardware wallets are the best, like Ledger Nano.
When it comes to Ether and Ethtoken such as Golem or OMG, myetherwallet is considered the best? My understanding of that is simply you control and have to secure everything about it. Your passwords your Json everything and don't fall for phishing sites. However, another way to help secure this is again virtual machine, that is only on when you need it on. Also if I download the index file from MEW.com and run it locally, there is no way I could fall for a phishing site, correct?
So that being said and is correct, excluding hardware wallets, if I set up a virtual machine properly and only run it for MEW for EthTokens and do not fall for phishing sites, everything should be fairly secure.
Is this also how Jaxx and Exodus work as well? or is there something better for DCR and others?

I already have one, however, I run a small business and am getting a NAS for that. So i was hoping to kill 2 birds with on stone kinda thing.

With my NAS I can run a VM, was thinking of running Windows or Linux and using that to run the miner. However they don't really have a GPU, is there any way to connect a GPU to it? They have USB ports but can't find a way to connect it through that. Risers still need a mobo I thought.

I know some bitcoin miners connect through USB however they are far more expensive and I would rather mine ETH.

Any ideas?

Awkward....

I've been mining Eth for a while now, done really well, turned a 250% profit, I don't pay for electricity apartment does. I haven't looked much into bitcoin mining was more thinking ETH mining again. I don't know if I have the money to compete in the bitcoin world. Open to info on both tho please!

Besides Ant USB miners, is there a way to connect graphics cards to a USB? perhaps through something like a riser but instead of connecting to PCIe just connects into the USB slot? Anything like that out there? Could you theoretically have one machine run 10 cards all usb with a few different power supplies?

Yup very true, actually .00062 dust per day! my question was, and maybe I didn't frame it right was, can this algo/device be used to mine anything else. something other than bitcoin. Or is there something else all together this unit could be used for?

appreciate the response, but I believe alot of them do, but just because you mine diamonds doesn't mean you don't sell some to make a profit now instead of waiting for the price to go up. one is a guaranteed form of income, the other is volatile. seems like a bad business gamble to sit on all your diamonds and hope the market goes up vs keeping some and selling most.

Also doesn't really answer my question.

Found an old BFL miner, believe it was the 25g/hs one. can it mine anything else, besides bitcoin and be relevant. I know my cards mine ETH at 27 h/s but I know the algo is completely different.  is it worth anything or an expensive paper weight now?

Thanks!

I read that and, this is prob a stupid question but why would i choose any of those options? are they more for trouble shooting? And if i add these to my bat file will it fix my issue or will i need to manually delete the old logs?

Ive been mining with claymore, for the last 24 hours and now my SSD is full, is there a setting to adjust or something i can delete in the miner? its only a 32gb SSD with NOTHING else on it. any help would be great!

I might be over thinking this, by RIGname is means 1 complete CPU set, not each individual card in the CPU set up is this correct? Is there a way to break it down to each card in a "rig" or CPU set up?

I'm newer and still learning, I've done a search however most links bring me back to the release post on bitcointalk for claymore. I'm looking for help or an example of how to add 2-3 GPUs to the software and be able to identify them. If someone could show me an example of there command line in their bat file that would really help!

Thanks!

I'm newer and still learning, I've done a search however most links bring me back to the release post on bitcointalk for claymore. I'm looking for help or an example of how to add 2-3 GPUs to the software and be able to identify them. If someone could show me an example of there command line in their bat file that would really help!

Thanks!

How many 290x do you think this could run in the US I just bought a Mx1000 and deciding if I should return it or not!

I found this post about PSU are these any good?
http://www.newegg.com/Product/Product.aspx?Item=9SIA7GT4RD5414&cm_re=r9_390-_-9SIA7GT4RD5414-_-Product

Also
Can i share a power connector between PSU, or will that effect performance? Exmp one cable to one PSU then using the piggyback to another? or should i run 2 separate PSU?

Thanks!

Well I have done a bit of research, back 5 years ago I was pretty fluent in Bitcoin mining. They had stand alone controllers you could use to acis mine, and I used that but it got way to competitive for a hobbyist. But with the new rigs it confused me! And from my research each alt coin used a different algo, which admittedly I'm not very good with fence the question, is gpu mining flexible, or would I be stuck. You answered most of my question tho!

Next question is I've been using site like whattomine.com and cointalk.com (i think it was) then I started reading things saying these site info is not very accurate. Is this true?