Bitcoin Forum
June 15, 2024, 07:48:57 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How often do you have to backup your wallet to ensure you don't lose coins?  (Read 2945 times)
manuel (OP)
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
November 11, 2013, 02:36:46 PM
 #1

Why would you loose coins anyway even if you only backed up your wallet once upon creation?  Isn't it the blockchain that retains all the ownership records of the coins and not the wallet itself?
Birdy
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
November 11, 2013, 02:43:37 PM
 #2

the bitcoin-qt client (and maybe others, too) will create new addresses for change (yes, there is change). It will take those from a pregenerated pool, but once those are all used it will generate new ones which aren't in the backup.
As long as your Bitcoins are on old addresses, the backup will have them.
Barek
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
November 11, 2013, 03:04:46 PM
 #3

Default size of that pool is 100.
justusranvier
Legendary
*
Offline Offline

Activity: 1400
Merit: 1009



View Profile
November 11, 2013, 03:07:28 PM
 #4

Use Armory.
krishatnet
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500


View Profile
November 11, 2013, 03:13:00 PM
 #5

I generally back up my wallet every month.

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
Barek
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
November 11, 2013, 03:23:03 PM
 #6

I generally back up my wallet every month.

As long as you don't do more than 100 transactions in a month ...

Oh, yes, another vote for Armory! Smiley
escrow.ms
Legendary
*
Offline Offline

Activity: 1274
Merit: 1004


View Profile
November 11, 2013, 03:25:03 PM
 #7

I use electrum, just done 2 backups for safety.
kokojie
Legendary
*
Offline Offline

Activity: 1806
Merit: 1003



View Profile
November 11, 2013, 03:28:27 PM
 #8

exactly once, if you use blockchain.info and never generate new address.

If you generate new address, then back up after.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
WishIStartedSooner
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
November 11, 2013, 03:30:14 PM
 #9

When I make new addresses in Blockchain wallet
mb300sd
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000

Drunk Posts


View Profile WWW
November 11, 2013, 04:36:22 PM
 #10

start bitcoin with -keypoolsize=10000

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
Lauda
Legendary
*
Offline Offline

Activity: 2674
Merit: 2965


Terminated.


View Profile WWW
November 11, 2013, 04:42:33 PM
 #11

I never back it up. Never had problems which needed a backup to fix (with anything).

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1011


In Satoshi I Trust


View Profile WWW
November 11, 2013, 05:35:53 PM
 #12

several.

ralree
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


Manateeeeeeees


View Profile
November 11, 2013, 05:45:24 PM
 #13

Like other users said, back up your wallet to more than one place.  Using armory is the best option, since you can recreate all the addresses from the master seed, so you just have to print a single page of paper.  If you want to use vanity addresses, make sure to print each one on paper.  I also encrypt mine with PGP and put them in 'the cloud.'  This way, if my house burns down, I can still recover my BTC.  I switched to using electrum and I like it quite a bit.  I have it store its wallet files in my dropbox folder, so they constantly sync.  I also keep nearly all of my coins on offline wallets which I generate here:

https://www.bitaddress.org

This way, even if I get hacked, there's only going to be a few BTC stolen, not my entire stash.  I recommend more people do the same - offline wallets are fantastic.

1MANaTeEZoH4YkgMYz61E5y4s9BYhAuUjG
twmz
Hero Member
*****
Offline Offline

Activity: 737
Merit: 500



View Profile
November 11, 2013, 06:20:56 PM
 #14

I have a cron job that backs up my wallet to Dropbox every 15 minutes...

Was I helpful?  1TwmzX1wBxNF2qtAJRhdKmi2WyLZ5VHRs
WoT, GPG

Bitrated user: ewal.
Barek
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
November 11, 2013, 06:36:39 PM
 #15

I have a cron job that backs up my wallet to Dropbox every 15 minutes...

Does Dropbox keep multiple versions? Or will it overwrite a good copy with a corrupt one (incase your local wallet ever gets corrupted)?
Rluner
Full Member
***
Offline Offline

Activity: 126
Merit: 100



View Profile
November 11, 2013, 07:56:57 PM
 #16

I have a cron job that backs up my wallet to Dropbox every 15 minutes...

Does Dropbox keep multiple versions? Or will it overwrite a good copy with a corrupt one (incase your local wallet ever gets corrupted)?

I believe it does.

Let's just hope we can trust Dropbox employees with our wallet data.
Lauda
Legendary
*
Offline Offline

Activity: 2674
Merit: 2965


Terminated.


View Profile WWW
November 11, 2013, 09:21:37 PM
 #17

I never back it up. Never had problems which needed a backup to fix (with anything).

I don't wear a seat belt. I've never been in a car accident.
This is also correct. I never wear it, and don't plan to.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
manuel (OP)
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
November 12, 2013, 08:48:27 AM
 #18

exactly once, if you use blockchain.info and never generate new address.

If you generate new address, then back up after.

Where does blockchain.info fit in?  Isn't that a web wallet that doesnt' require any backup?
escrow.ms
Legendary
*
Offline Offline

Activity: 1274
Merit: 1004


View Profile
November 12, 2013, 08:51:31 AM
 #19

exactly once, if you use blockchain.info and never generate new address.

If you generate new address, then back up after.

Where does blockchain.info fit in?  Isn't that a web wallet that doesnt' require any backup?

No, Blockchain.info requires backup.
Birdy
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
November 12, 2013, 11:53:28 AM
 #20

Where does blockchain.info fit in?  Isn't that a web wallet that doesnt' require any backup?
Nothing requires a backup, but you should have a backup.
Actually blockchain.info is th only Onlinewallet that gives you the opportunity and responsibility to make one.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!