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I have the following situation: I have mined few coins from different alt crypto-currencies and I do not want to run them any more on my machine. As far as I understood from this question, I can just copy wallet.dat from each of these altcoins, encrypt them, remove the clients and this is it.

If then someone will send me some coins and after some time I would like to use them, I can just download the client, wait for synchronization, change wallet.dat with my stored wallet and continue using coins? Am I correct?

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Yes, just make certain you do not make any more transactions with that wallet or you could lose coins going to a change address (an address that is used to send back extra coins. it is not the address you sent coins from).

also make certain that you remember your password and the most imperative part: shutdown your coin client before you copy the wallet

also id suggest you back up the wallet and then remove the wallet, and finally try to copy the wallet back over, if you see it load up and your coins are there you are golden.

another way would be do dump the privkeys and encrypt a file with just those keys in it.

source: Me, I'm an altcoin pool op

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  • Knowing that you are a pool operator, I am sure that you know what are you doing :-). Thank you. As I understood it is ok, if the only transactions which are going to happen will be people sending me coins. Regarding the password: I do not remember setting up any password for a wallet. Can you please elaborate on this?
    – Salvador Dali
    Commented Jan 7, 2014 at 22:28
  • You are correct. When you receive coins they always go to the address you gave them and no additional addresses are used. re password: on bitcoin QT go to "Settings"-> "encrypt wallet" that should get you where you need to be ;)
    – Joe White
    Commented Jan 7, 2014 at 22:30

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