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Author Topic: A semi-cold installation of Electrum  (Read 317 times)
fred%23 (OP)
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August 23, 2017, 04:43:27 AM
 #1

Hi

I have Electrum installed in Linux, using all the defaults as is.
But I want a simple cold-ish wallet setup where the key files can be shut off at will.
The key files, including wallet, are supposed to be installed at /home/fred/.electrum.
I have a 26Gb USB stick that I have changed to have ext4 file system, to match the ext4 in /home
I mount the USB stick in /mnt/sdc1 and chown it correctly as both owner and user.
I move .electrum to the USB (ext4) stick.
I put a soft link where .electrum should be, with target to where .electrum is now, in the stick.
When I run the command "electrum" the QT interface pops up and it seems to work fine.
 
When I finish a transaction I can unmount the stick and put it away, in cold storage.
Have I missed anything? Have I done anything to put in jeopardy my coins?

Thanks for advice
Fred
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Abdussamad
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August 23, 2017, 05:27:38 AM
 #2

well it's not cold storage since you are exposing your private keys to an online system.

you can create shortcuts to specific wallet files so all that symlink stuff isn't necessary:

https://bitcoinelectrum.com/frequently-asked-questions/#how-do-i-open-a-different-wallet

to save a copy of your wallet file you can just do file > save copy.
fred%23 (OP)
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August 23, 2017, 08:03:53 AM
 #3

well it's not cold storage since you are exposing your private keys to an online system.

you can create shortcuts to specific wallet files so all that symlink stuff isn't necessary:

https://bitcoinelectrum.com/frequently-asked-questions/#how-do-i-open-a-different-wallet

to save a copy of your wallet file you can just do file > save copy.

Many thanks. You clarified for me. I just moved the default_wallet and set up the command
Code:
electrum -w /path/default_wallet
pooya87
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August 24, 2017, 04:31:39 AM
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since you already have a 26Gb USB and also are familiar with linux, then just install one of your favorite distros on that USB disk and make it a cold storage by disconnecting its network forever and encrypting its home folder.
you boot up from it each time you want to spend and it remains cold.

.
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fred%23 (OP)
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August 24, 2017, 05:08:02 AM
 #5

since you already have a 26Gb USB and also are familiar with linux, then just install one of your favorite distros on that USB disk and make it a cold storage by disconnecting its network forever and encrypting its home folder.
you boot up from it each time you want to spend and it remains cold.

Well that's a good idea. The only problem I see with your suggestion would be the slowness that I get when I run a Linux Operating System in a stick, it's a real drag. I'd rather quickly plug a standard stick into my full-size Linux, quickly transfer coins, unplug and begone. My Linux computer has quite strong defences (which is why I don't put my crypto activities in windows).

And I don't really have a cavern of space because wallets for Litecoin and Ethereum are going in there too. But for sure I like your idea of encrypting the stick carrying the encrypted wallets. [Maybe I should think about a plug-in SSD drive]. Well thanks for the ideas.
pooya87
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August 25, 2017, 03:45:15 AM
 #6

since you already have a 26Gb USB and also are familiar with linux, then just install one of your favorite distros on that USB disk and make it a cold storage by disconnecting its network forever and encrypting its home folder.
you boot up from it each time you want to spend and it remains cold.

Well that's a good idea. The only problem I see with your suggestion would be the slowness that I get when I run a Linux Operating System in a stick, it's a real drag. I'd rather quickly plug a standard stick into my full-size Linux, quickly transfer coins, unplug and begone. My Linux computer has quite strong defences (which is why I don't put my crypto activities in windows).

And I don't really have a cavern of space because wallets for Litecoin and Ethereum are going in there too. But for sure I like your idea of encrypting the stick carrying the encrypted wallets. [Maybe I should think about a plug-in SSD drive]. Well thanks for the ideas.

speaking of safety any additional time or steps are worth it, specially if we are talking about considerable amount of bitcoin. and besides the Linux world is too big and flexible, you can make it as small as possible to boot up in the fastest way possible. like using the light distros.
the USB and your port is also important too. a USB 3, 3.1 is much faster than the older ones.

in any case, any option has its pros and cons. in the end you have to decide if the pros are more or the cons.

.
.BLACKJACK ♠ FUN.
█████████
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████████████████▄▄
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░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
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