Why do people go looking for old hardware that has a wallet?

Why do people go looking for old hardware that has a wallet?

Don't you just need the recovery phrase to get your bitcoins back if your computer is lost or damaged?

I don't understand these stories of people trying to find old computers with wallets on them at the dump.

http://ift.tt/2E75hz3

Comments

Post a Comment

Popular posts from this blog

New ccminer 2.3.1 from Tpruvot with Lyra2REv3 Support and More

Image
New ccminer 2.3.1 from Tpruvot with Lyra2REv3 Support and More It has been a quite a while since the last update of tpruvot’s ccminer fork ( source ), but there it is a new version 2.3.1 available now that comes with support for Lyra2REv3, sha256q, exosis and Blake2b standard algorithms. The official binary is 64-bit Windows only built with CUDA 10 for SM3+ devices, SM 7.5 architecture is also supported, but doesn’t seem to bring any advantage, for others variants you can build from the source code as the miner is opensource. Do note that CUDA 10 support requires an Nvidia video driver version 410.48 or newer. The most notable thing abut the new release is the support for Lyra2REv3 that will soon be used by the Vertcoin (VTC) after the upcoming hardfork expected to happen in less than two days. The fork should happen in around February 2nd as it is planned for block 1080000, so make sure you are ready with the required local wallet upgrade (if you are using one) as well as with a min...
Read more

Bitfinex & Market Synergy To Offer Institutional Calibre Cryptocurrency Connectivity

Bitfinex & Market Synergy To Offer Institutional Calibre Cryptocurrency Connectivity Market Synergy GmbH , a Swiss-based organisation which offers institutional cryptocurrency connectivity and security for banks, brokers and hedge funds has been selected by  Bitfinex  to provide robust, high performance connectivity for institutional clients. Market Synergy has designed and built a bespoke network for Bitfinex, hosted in a Swiss data centre in the heart of Crypto Valley. In addition to providing outsourced connectivity and hosting services to Bitfinex, Market Synergy can also manage co-location services for Bitfinex’s institutional clients and offer a FIX feed and ISP link to the digital asset gateway which Bitfinex recently launched in collaboration with Connamara . Market Synergy is a separate company within the FXecosystem Group , which also comprises of FXecosystem and Bondecosystem, both of which are institutional market leaders in outsourced connectiv...
Read more

Bitcoin Gold (BTG) To Launch Mining on 12th November (7:00 UTC)

Image
Bitcoin Gold (BTG) To Launch Mining on 12th November (7:00 UTC) The Bitcoin Gold (BTG) team has announced the official launch time for the mainnet (currently on testnet) when the mining of the coin will become possible and its actual integration into exchanges and hopefully coin distribution and coins being possible to claim by Bitcoin owners that held BTC at the day of the blockchain snapshot. The official start date for start of Bitcoin Gold is set for 12th November (7:00 UTC) when the download of Bitcoin Gold full node client will be made available. The BTG blockchain will officially go live and the mining will begin and wallets and exchanges will be able to process deposits, withdrawals and trades (as soon as they are ready). We are still going to have to wait a couple of more days or more for larger exchanges to evaluate the software and decide should they add support for BTG and distribute Bitcoin Gold coins to their users that had BTC available at the time of the blockchain sna...
Read more