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Author Topic: Please help. I sent coins before downloading Core :(  (Read 212 times)
RimbaudsGhost (OP)
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January 31, 2020, 05:39:00 PM
Merited by OmegaStarScream (1)
 #1

I stupidly thought that Armoury was just like any other wallet and sent bitcoin to a recieve address, but before I had downloaded and synced Core. I'm upset and worried I will lose my coins. It is saying it will take 47 hours to downladed Bitcoin Core. Is there anything I can do? Will I lose my coins? Sad What are my options.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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TryNinja
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January 31, 2020, 05:47:44 PM
Last edit: January 31, 2020, 06:16:44 PM by TryNinja
Merited by webtricks (2), OmegaStarScream (1), ABCbits (1), RapTarX (1)
 #2

Either wait for it to sync or export your private-key[1] and import it in a different wallet. If you do that in a lightweight wallet, such as Electrum[2], you won't need to download the blockchain. If you wait for it to sync, your coins will be there when it finishes. Nothing is lost.

[1] https://docslocalcoinis.readthedocs.io/en/latest/muse/migration/howto-exporting-wallet-clients.html#armory
[2] https://electrum.org/

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RimbaudsGhost (OP)
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January 31, 2020, 06:21:35 PM
 #3

Thank you for your help, I have been able to divert my coins to electrum. I appreciate your advice and time. Am I safe to stop downloading Bit Core and delete Armoury as it is a little too complex for my use?
TryNinja
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January 31, 2020, 06:26:14 PM
 #4

Am I safe to stop downloading Bit Core and delete Armoury as it is a little too complex for my use?
Now that you have your private-key, yes.

Also, feel free to ask for help here whenever you need some. Better to be safe than sorry. Wink

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February 01, 2020, 04:09:48 AM
 #5

Thank you for your help, I have been able to divert my coins to electrum. I appreciate your advice and time. Am I safe to stop downloading Bit Core and delete Armoury as it is a little too complex for my use?
You do not need to download the entire blockchain to use that wallet, but you can use settings like pruning (Reduce space by enabling pruning (deleting) of old blocks) mode to reduce time by deleting old  verified blocks.

Quote
/bitcoind --prune=550
dbcache=1000 (if you have more than 2 GB RAM)

For more read this ---> https://bitcoin.stackexchange.com/questions/37496/how-can-i-run-bitcoind-in-pruning-mode

Generally since you are a beginner it is better to use a wallet like https://electrum.org/, after verifying the signature.

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NeuroticFish
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February 01, 2020, 09:11:14 AM
 #6

Thank you for your help, I have been able to divert my coins to electrum. I appreciate your advice and time. Am I safe to stop downloading Bit Core and delete Armoury as it is a little too complex for my use?

If that's too complex, then use Electrum, you should be fine as long as you follow the security advises (download Electrum only from official website electrum.org, learn to verify the signature of the downloaded Electrum, keep your computer safe from viruses, keep safe backup of your seed - which means offline and not on Dropbox/Google Drive/e-mail)

Keep in mind that your coins are not in the wallet (let's say they're on the blockchain) and the wallet only handles the keys to spend those coins. This means that you can have as many wallets you want with the same addresses. And this means that anyone who has your seed can spend your coins, hence the security measures I wrote.

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February 01, 2020, 06:55:05 PM
Merited by hosseinimr93 (1)
 #7

You do not need to download the entire blockchain to use that wallet, but you can use settings like pruning (Reduce space by enabling pruning (deleting) of old blocks) mode to reduce time by deleting old  verified blocks.
Wouldn’t the correct be: he needs to download the whole blockchain BUT he doesn’t need to keep the whole blockchain? Pruning deletes the old blocks but it still needs to check each one of them until the last one. And he also would need to download the next ones to keep his wallet synced.

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hosseinimr93
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February 01, 2020, 08:57:02 PM
 #8

You do not need to download the entire blockchain to use that wallet, but you can use settings like pruning (Reduce space by enabling pruning (deleting) of old blocks) mode to reduce time by deleting old  verified blocks.
Wouldn’t the correct be: he needs to download the whole blockchain BUT he doesn’t need to keep the whole blockchain? Pruning deletes the old blocks but it still needs to check each one of them until the last one. And he also would need to download the next ones to keep his wallet synced.

Yes, All blocks must be downloaded.
The purpose of pruning is only decreasing the required space. With block pruning, old blocks are deleted so the used space doesn't exceed a specified value. Once a new block is downloaded, an old block is deleted.

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February 02, 2020, 03:17:09 AM
 #9

Pros and Cons of Bitcoin Node types (Full node and Prune node)

To run a prune node, OP must have at least 5 GB in disk-space to set it up, for:
[a]: In reality, you will prepare at least a little more than 5GB for your prune node with a minimum storage value for blocks (at 2 GB). They are included by:
  • Chainstate: 3.5 GB
  • Blocks: 2 GB
  • Initial setup: 52.1 MB (see the below image)
image snipped
Using prune nodes or not, it depends on the purposes of OP. If his purposes are only to have a non-custodial wallet to receiving, and send bitcoin, using SPV wallet, like Electrum (the other suggested) is a good choice - It also gives users coin control features. Because OP will don't have to spend time to consider how much space in GB to set up for his prune node.

SPV wallets only download blockheader, so it is much lighter than bitcoin core.
  • A block header: 80 bytes
  • A full block: 950 KB to 1.5 MB (~ 1 MB in average)

I wrote some suggestion in my thread too, please see with above link.

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February 02, 2020, 05:06:28 AM
 #10

Guys, since OP isn't a advance user so it's better to stick with electrum. And also OP has been resolved his problems via electrum. Better don't make him confuse with so many suggestions. At the beginning I were tried to use core, but due to download issue I failed to do it. So I am using electrum now, so many features without download whole blockchain and easy interface. @OP, you may use electrum without any issue, just be careful with download and upgrade. Always download from original source and verify signature.


Since your problem has been resolved, you may locked thread from lower left.

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