Bitcoin Forum
November 01, 2024, 04:42:47 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What happens if my computer dies?  (Read 2006 times)
sean_incali (OP)
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
June 14, 2011, 08:22:55 AM
 #1

Hi Everyone,

I've been mining using CPU and accumulating bitcoins very slowly. Then it occured to me.

What happens to my bitcoin earning if my computer were to die?

Or what happens to my wallet that's installed on this computer if I sell my computer?

Thanks for any info

Sean
Alex Beckenham
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
June 14, 2011, 08:26:39 AM
 #2

The buyer of your computer will have all your bitcoins.

First of all, you should be backing up your wallet.

Second of all, you should securely erase any hard drive that is for sale.

Personally I never ever sell any hard drives, I just accumulate them all so that one day they can be crushed.


swusc2
Sr. Member
****
Offline Offline

Activity: 304
Merit: 250


Do your part for Bitcoin!


View Profile
June 14, 2011, 08:27:25 AM
 #3

If it hasn't transferred to your wallet yet its still in the pool.

All bitcoins in your wallet are transactions stored online. As long as you have your wallet you can always access your coins. The client is nothing more than a terminal. All bitcoins are kept on record through the blockchain.

If you lose your wallet and you dont have a backup your shit out of luck.

Next time use the search function or read the sticky that says (Read before asking for support).

Impress your friends! Buy a bitcoin keychain!
http://forum.bitcoin.org/index.php?topic=30799.0
dego
Sr. Member
****
Offline Offline

Activity: 399
Merit: 250



View Profile
June 14, 2011, 08:29:27 AM
 #4

Your wallet is saved in the file called wallet.dat. Backup that file regularly. Then you can fry your CPU. Just watch out that you are not loosing more money on CPU and electricity than you earn with your machine... Grin Grin Grin
dr_nix
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
June 14, 2011, 09:02:23 AM
 #5

Lots of useful info here:

https://en.bitcoin.it/wiki/Securing_your_wallet
Stardust
Full Member
***
Offline Offline

Activity: 189
Merit: 100


View Profile
June 14, 2011, 09:11:53 AM
 #6

That is very important, backup your wallet after each send.  If you are going to store your wallet online or someone else has access to your computer, encrypt it.
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!