thinking about creating a new wallet at block 3 million
thinking about creating a new wallet at block 3 million
I am considering generating a new wallet at block 3 million and transfering funds over to it to keep my sync time down. My current wallet has to check ~250k blocks if a resync is needed.
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No need for that. Sending your entire balance to your own wallet effectively resets the sync height. I did it for all my wallets after the last hardfork.
Ah, okay. So just take all funds and send them back to myself to have a single output and then reset my sync height right?
Exactly, you then scan from 1 block before you received the coins back :)
Cool, thanks.
Do hard forks create alternate chains with coins that can be sold?
Yes, but nobody uses the alternate chains and the coins become effectively worthless.