Post
Topic
Board Mining support
Re: How do pools/miners secure their Bitcoins?
by
byt411
on 11/05/2014, 11:57:36 UTC
New to mining, I'm curious to see how everyone secures/stores their funds?

The safest way I can think of is cold generation of private keys and using the public address to withdraw from pool sites, or if you're solo mining, specifying that public address in the coinbase transaction.

Is this how people do it? Seems a bit inconvenient though when you want to spend your coins. Where do you keep it afterwards?
I agree with you.  also think that the safest way is to use private keys.

What do you mean by "use private keys"? You need to use your private keys in every transaction.