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Author Topic: How to lose bitcoins  (Read 364 times)
mettam
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May 24, 2013, 05:11:38 AM
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If I stop mining or shut down the GUIminer software will I loose my gained bitcoins ?
If I delete my Miner and create a new one will I loose any gained bitcoins ?
If my computer crashes will I loose my accrued bitcoins ?

What are the best practices for making sure I don't loose gained Bitcoins ? 
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Ransor
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May 24, 2013, 05:14:42 AM
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Create a bitcoin wallet (preferably a paper wallet if you want to store the coins for a long period of time securely). Then, send all your bitcoins to the wallet address from your miner account.
mettam
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May 24, 2013, 05:20:21 AM
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Okay I will write down my account somewhere. Also can someone clarify these other questions.

If I stop mining or shut down the GUIminer software will I loose my gained bitcoins ?
If I delete my Miner and create a new one will I loose any gained bitcoins ?
If my computer crashes will I loose my accrued bitcoins ?
cardcomm
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May 24, 2013, 06:11:07 AM
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Normally miner accounts have a "send threshold" that determines when the bitcoins are transferred to your account. Make sure you have the hit the threshold to have the coins sent to your account before closing the miner account.

There are many strategies for maintaining the integrity and backing up of wallets. I suggest reading around the forums. Much good advice to be found.

Easily see your cgminer status with my cgminerLCDStats app:  http://cardcomm.github.io/cgminerLCDStats/
Did my post help you or make you laugh? Let me know with Bitcoins at: 1CQfpMHQ5zVuZ5i9uxSHSSx4J8ZhehSjn3  Smiley
mettam
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May 24, 2013, 06:29:50 AM
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Normally miner accounts have a "send threshold" that determines when the bitcoins are transferred to your account. Make sure you have the hit the threshold to have the coins sent to your account before closing the miner account.

There are many strategies for maintaining the integrity and backing up of wallets. I suggest reading around the forums. Much good advice to be found.

My send threshold is set to 1.0 so does this mean my miner has to accrued 1 BTC before I get that into my wallet ?  Could take months !
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