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Author Topic: Bitcoin application from bitcoin.org needs to be open all time?  (Read 659 times)
btcxyzzz (OP)
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March 18, 2012, 07:49:36 AM
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To receive earned coins from pools, when the payout is made, does this app needs to be open?

Sorry guys, I'm real newbie Smiley But the question is sensible I think...
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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March 18, 2012, 08:21:53 AM
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No. You have to download the whole blockchain to send coins, however.
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March 18, 2012, 08:44:27 AM
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Quote from: btcxyzzz on March 18, 2012, 07:49:36 AM
To receive earned coins from pools, when the payout is made, does this app needs to be open?

no
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March 18, 2012, 10:07:28 PM
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Quote from: btcxyzzz on March 18, 2012, 07:49:36 AM
To receive earned coins from pools, when the payout is made, does this app needs to be open?

Sorry guys, I'm real newbie Smiley But the question is sensible I think...

Yes, that is definitely a sensible question.  Here's a similar question and answer from the FAQ:

Quote
Q.) What happens when someone sends me a bitcoin but my computer is powered off?

A.) Bitcoins aren't actually "sent" to your wallet, the software only uses that term so that we can use the currency without having to learn new concepts. Your wallet is only needed when you wish to spend coins that you've received.
The coins that were sent to you when the client was not running will later appear as if they were received in your wallet when you later launch the client. It will download blocks and catch up with any transactions it didn't already have.

 - http://en.bitcoin.it/wiki/FAQ#What_happens_when_someone_sends_me_a_bitcoin_but_my_computer_is_powered_off.3F
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