gurki (OP)
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October 10, 2012, 11:29:23 PM |
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Hey guys, newbie question here: when i first downloaded the "official" bitcoin client it took sooooo long to download the block chain.
Anyway, am i right in believing that when you mine with a pool that downloading the chain is not needed?
Thanks.
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007
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October 10, 2012, 11:46:15 PM |
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That's correct.
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gurki (OP)
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October 10, 2012, 11:54:30 PM |
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That's correct.
Thanks.  |
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gweedo
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October 11, 2012, 03:21:21 AM |
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if you want to spend funds with the official program, you need the full blockchain
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gurki (OP)
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October 11, 2012, 03:35:34 AM |
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if you want to spend funds with the official program, you need the full blockchain
 I don't understand, could you please explain. |
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gweedo
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October 11, 2012, 03:39:38 AM |
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if you want to spend funds with the official program, you need the full blockchain
I don't understand, could you please explain. Ok the bitcoin-qt doesn't allow you to run it without the blockchain so if that is what your using for your wallet, then you need the full blockchain to spend the funds. Cause mining doesn't require the block chain, your wallet does. |
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dentldir
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October 11, 2012, 04:47:58 AM |
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To receive your coins from the mining pool you will need a wallet. Try blockchain.info for an online one with decent privacy and security. Or download the block chain with the qt-client.
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1DentLdiRMv3dpmpmqWsQev8BUaty9vN3v
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RaTTuS
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October 11, 2012, 08:47:59 AM |
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depending on the pool you can keep the coins in your account there and spend from there .... if you want .,..
I personally would have an address that I would send my pool coins to ...
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In the Beginning there was CPU , then GPU , then FPGA then ASIC, what next I hear to ask ....
1RaTTuSEN7jJUDiW1EGogHwtek7g9BiEn
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gurki (OP)
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October 11, 2012, 10:32:14 AM |
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Ok i think i get it, if i want to use bitcoin-qt for my wallet i need the blockchain but i can also use online wallets which do not require the blockchain.
Thanks guys.
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greyhawk
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October 11, 2012, 10:36:33 AM |
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but i can also use online wallets which do not require the blockchain and will get my money stolen
ftfy |
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gurki (OP)
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October 11, 2012, 10:43:42 AM |
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but i can also use online wallets which do not require the blockchain and will get my money stolen
ftfy ok, so i guess i will be downloading the blockchain and using a local wallet then. |
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JoelKatz
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October 11, 2012, 10:46:53 AM |
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but i can also use online wallets which do not require the blockchain and will get my money stolen
ftfy ok, so i guess i will be downloading the blockchain and using a local wallet then. You actually only need the blockchain to spend. Also, make sure you save a copy of the private key corresponding to the account you're mining payments are going to. |
I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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gurki (OP)
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October 11, 2012, 11:35:06 PM |
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but i can also use online wallets which do not require the blockchain and will get my money stolen
ftfy ok, so i guess i will be downloading the blockchain and using a local wallet then. You actually only need the blockchain to spend. Also, make sure you save a copy of the private key corresponding to the account you're mining payments are going to. Ok, thanks man. |
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