Quote from: MBH on November 15, 2013, 02:29:57 PM

Quote from: PuertoLibre on November 15, 2013, 05:44:02 AM

Quote from: NginUS on November 15, 2013, 03:52:22 AM

I was going to build trading packages in VM's for my little cousin's for their college funds, but after talking to their parents, who would rather see me spend that money on myself, I won't be doing so anymore. Oh well. Its that thought that counts right?

It's a very nice idea.

Hello,

I'd strongly suggest against putting your bitcoin wallets in hosted virtual machines / virtual private servers (VPSs), as the owner of such infrastructure has full access to the VMs and can copy your wallets and use the funds at any point.

You don't really need the wallets until you want to pull out the BTCs, if you ever want to. So the wallet doesn't have to exist on the VM. Just let the bot run on the VM and make sure to restrict the API key to disallow it from withdrawing any funds.

It might be cheaper to buy a RaspberryPi per person and run them from home.

I think he meant his own VMs, as in running an ESXi/Xen server at home. I do the same for my own butter bot at the moment, so it can run 24/7.