8

thinking about creating a new wallet at block 3 million (monero.town)

submitted 1 year ago by shortwavesurfer@monero.town to c/monero@monero.town

7 comments fedilink hide all child comments

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.

all 8 comments

sorted by: hot top controversial new old

[-] monerobull@monero.town 12 points 1 year ago

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.

[-] shortwavesurfer@monero.town 5 points 1 year ago

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?

[-] monerobull@monero.town 3 points 1 year ago

Exactly, you then scan from 1 block before you received the coins back :)

[-] shortwavesurfer@monero.town 1 points 1 year ago

Cool, thanks.

[-] zzzzz@sh.itjust.works 1 points 1 year ago

Do hard forks create alternate chains with coins that can be sold?

[-] crab@monero.town 3 points 1 year ago

Yes, but nobody uses the alternate chains and the coins become effectively worthless.

this post was submitted on 05 Oct 2023

8 points (78.6% liked)

Monero

1690 readers

5 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago

MODERATORS

admin@monero.town