Safe & easy way to set up sketchy core wallets, spec mining new coins risk free!

[@SebsFinTechChannel]

Just gonna leave this here because there seems to be a bit of confusion in the comments. First of all thanks for the suggestions for other ways of doing it you are all leaving down here, you’re awesome! The point of this video was never to say that this is the BEST way of doing this, just that it’s a very easy way of doing it. A lot of people don’t know about VMs, Linux, and so on, and this video is for those people. 👍

[@itxaddict7503]

If Seb says this is the way... THIS IS THE WAY! Show them the data Seb! Let's see the spreadsheets!

[@Tallen79]

For everyone saying wouldn't doing "X" be easier? The answer is unless you can explain it in a 12 minute video in a way people who have been building windows and hiveOS mining rigs for the last few years can understand then no, no it's not. There are better ways, this is just an easy low tech way that anyone can do.

[@jamesk3022]

Maybe part 2 shows a virtual box machine or one with a hypervisor?

[@CryptoKattFarms]

Thanks for the videos, I love your channel. Another way is to create a VM on a windows machine, install the wallet, get your address, write down your 24 word pass phrase then delete the wallet and close the VM without saving. Then later on if the coin is safe, just re install and recover with pass phrase. This is the most cost effective way I can think of.

[@elementalearth5096]

This is really great tip! 👍 might just try this aswell for future sus wallets

[@timiamcrypto2202]

One more important thing to add, Backups, Backups, Backups! You may find one day that SSD won't boot or you can't get the data off of it. If you had your seed phrase only saved on that drive, you're toast for that coin. Always put the seed phrase safe, preferably written down and not on the SSD. Back up that SSD after you updated the wallet. External drives are relatively cheap and you can store many SSDs on it.

[@TheMiningKiiNG]

hey thanks shout Seb appreciate it

[@SebsFinTechChannel]

No no THANK YOU!

[@Tallen79]

Just wanted to pop in and say a "lite" version of windows like tiny 10 or tiny 11 is a great way to have multiple copies without a lot of annoying setup and make old hdd viable for for keeping wallets and other data.

[@jamesk3022]

The long awaited video, thank you!

[@ronwatkins5775]

Dude, this is exactly what I have been asking for almost a year.. Your the first trusted youtuber to actually cover it. Thanks, you rock. I was wondering if you could do the same thing using a VM in a DMZ or something like that? That way, each VM would be just a VMDK file which you can start off larger and shrink after it syncs. From what ive heard, a DMZ cannot get into your network, so it should be safe???

[@TheMiningKiiNG]

dmz is all ports open to the world don't do that lol

[@ronwatkins5775]

@@TheMiningKiiNG Hm, I was under the impression that a DMZ limited contact with internal network except on pre-defined ports. At least that's what ive been told at work.

[@jonathanmcneill4993]

Why not use a hypervisor and then separate virtual machines. Give each of the VMs, a fake IP address that is network address translated (NAT) by the hypervisor. Then don't allow each VM, each with a separate IP address in a separate subnet to route across the hypervisor to another VM. Each VM is only allowed to go out to the Internet.

[@mancavecrypto7750]

Would VPN through the router accomplish the same thing? Also, if only one VM is on at any one time, wouldnt this make it impossible for one VM talk to another?

[@jonathanmcneill4993]

@ecrypto7750 With the hypervisor you could be running a VM for each wallet you need to be online at the same time. Each VM would only have the smallest windows installation with no additional software except the wallet. All wallets could reach out to the Internet and collect your coins simultaneously for everything you are mining. This saves having to keep swapping SSDs. Saves having to have remember the username and password you assigned each VPN client. You wouldn't want to use the same username and password. An infected wallet would steal that. Then the bad guys would try to log into your profile at the VPN, get your email address and try that username/password combo EVERYWHERE on the internet. If you are mining only one coin and only need one wallet online then you don't need this solution.

[@riteshdoijode558]

Or another better way is to set up a linux persistent pendrive with any of the lite version of linux installed in it. Any 8 gig pendrive would be good enough for lets say linux mint. Save the wallet particularly in that pendrive or two and whenever you need to access the wallet of that coin you could just boot up in the pendrive. Problem solved in 1$.

[@degatashmine]

How do you find the new coins to mine? Typically, once I find out about them, it's a little late in the game it seems. Maybe a video on how to find "new coins".

[@SebsFinTechChannel]

I have a video like that and it’s linked at the end of this video 🙂 Hope you like it

[@alienblack4379]

Wouldn't using MS hyper-v be much much easier?

[@timiamcrypto2202]

Easy but it's still running over your current network. Now if you have Vlaned your network with a decent router and set rules to isolate access to that specific Vlan and installed an extra NIC in the computer and linked the separate VMs to that NIC then that would work. You would still do separate VMs.

[@tugrulserhat]

I just have aclean windows install on virtualbox and make a full clone of it each time I need a new wallet vm. then I rename the vm with the new coin name and done. rn all of the vm clones are using like 600gb on my 2tb ssd

[@csills6776]

I thought about something like this but with an orange pi. Just run Linux on a micro sd card and have a sd card per wallet.

[@AlexanderBelikov]

sd cards are not reliable enough

[@wimbrems7091]

great video but how do I actually set up my computer to mine a new coin

[@domg6614]

IS it possible to do the same thing but on a usb drive, will be much easier ?

[@SebsFinTechChannel]

Instead of an SSD? I honestly don’t know if you can install and run windows off a USB drive. I think constant rewrites might lead to corrupted drives but that’s just a speculation on my part.

[@MultiMam12345]

In theory you can but it will be slow as your booting on the max read/write speed of the thumbdrive. Just make sure you feel no stress if the ssd dies because ssd's die too. So store all your keys in a organized way. Encrypted Text file on a thunbdtive. Paper, or encrypted manager. Just assume the ssd will die too.

[@tugrulserhat]

why not use virtualbox instead ?

[@solharvester2341]

Dammit. I wish I would have known this before I bought all the stuff.

[@hozzasolo9679]

peristent SANDBOX ?

[@Failtastik]

First!!

[@SebsFinTechChannel]

Awesome! Thanks for being so early to the video!

[@Ashley-tq5fj]

👍 Promo-SM