Hi everyone. I hate to say it but im a newbie with regards to crypto wallets. I found this to be one of the best informative forums online so decided to register and drop a msg. So i've installed my bitcoin wallet. (bread wallet) to be precise and cant figure out how the satoshis or bitcoin are projected or receieved onto the wallet via the unique address. So in the case of mining for example.. Do they automaically sync into the wallet via the address when you complete each task/mine etc or do you have to wait for a certain amount to build up before you can withdraw them to the wallet?. Ive done a few tasks here and there to test it out however when the wallet app syncs it still shows a 0.00 amount. Im entering the correct address. Am i doing something wrong?. I need help with this. Hope i managed to explain this correctly. Cheers.
Lots of questions you got there... I'll try to answer some of them, and maybe reply to other posters as well... Don't hesistate to repeat any question i have missed
1) you're asking about the very basics of bitcoin when you're asking how wallets and addresses work... You should probably try to read satoshi's whitepaper, or visit the bitcoin wiki... But basically, a wallet keeps track of your private keys, then parses all new blocks for transactions that fund your address. If a transaction is found that funds an address that is controlled by your wallet, the output value is added to your total. When you "pay" somebody else, you use one or more of these unspent outputs as input for a new transaction, your wallet signs this new transaction using your private key, and then broadcasts it to the network.... This is only a very, very, very simplistic representation of what's happening... If you want to know more, read the whitepaper or the wiki!
2) mining: same thing as the previous question... This is one of the core concepts of bitcoin and very hard to explain in a simple post. The whitepaper or the wiki have many, many pages dedicated to mining... But very simple: solo mining is allmost impossible at current difficulty... If you poolmine, you'll have to reach a certain withdrawal threshold. Once again, i'm not going to explain how mining works exactly...
3) About your 0.00 balance: if you don't mind losing a little bit of privacy, you could potentially post your address in this thread, so we can have a look
4) i never used breadwallet, but since it's an SPV wallet, it shouldn't take a long time to sync... You're not downloading and verifying all blocks, only the block headers...