Thank you for acknowledging my efforts. Sometimes my pockets become the trash can because I forget to get it out.
wereg
joined 2 days ago
And on a different reply (in case you see the other comment before I edit it)
- What is the difference between Cake Wallet and Monero.com?
- Do you have any reccomendation for hot wallets?
- Could hardware wallets have any role in it (for the mining wallet, or for the hot wallet, or as an alternative to Cupcake and CakeWallet/Monero.com?
Then you can use something like cupcake and cake wallet/monero.com to make a cold wallet
How does this work? I assume its like this: use an old phone with no access to internet for cupcake, then link my view key on cake wallet/monero.com, then when I'm gonna spend /send XMR, scan a QR code in the cupcake app?
You should mine with a wallet specifically dedicated just for mining. Once you have some transactions in that mining wallet, you can sweep them all into your main wallet. So, a hot wallet for mining?
If my asumptions are correct, the setup would be
- Unconnected phone with Cupcake and my mnemonic phrase and private keys
- Secure phone with Cake Wallet/Monero.com app to actually move the XMR
- Hot wallet for spending
- Hot wallet for mining, then sending to cold wallet Am I correct?
This is... depressingly believable
I will set it up like that, try out the apps, and learn more about Monero to know what "FCMP" and "Carrot" mean. Thank you so much!