wereg

joined 2 days ago
[–] wereg@lemmy.world 1 points 14 hours ago

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!

[–] wereg@lemmy.world 3 points 14 hours ago

Thank you for acknowledging my efforts. Sometimes my pockets become the trash can because I forget to get it out.

[–] wereg@lemmy.world 1 points 15 hours ago* (last edited 15 hours ago) (2 children)

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?
[–] wereg@lemmy.world 1 points 15 hours ago

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?
 
Should I have a cold wallet AND a hot wallet at all? Like, should I for example use a hardware wallet to receive, mine, and send Monero, instead of having more wallets?
Should I make a paper wallet with the app that can be downloaded to make offline wallet keys? Then how would I see balance, sign keys, etc.?

For BTC, even though I never actually used it (never got BTC), I saw Electrum like this:

Create wallet in offline device
Export view key to online device
Create TX in online device
Sign TX in offline device
Broadcast TX in online device

But for Monero I’m clueless, because I haven’t found any guide properly explaining it.

[–] wereg@lemmy.world 17 points 1 day ago

This is... depressingly believable