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I think I've approached this wrong...

When I first started mining just over a year ago, it was suggestion by the same user that got me into mining on Ncix.com that I get a wallet at QuadrigaCX and use that as my nicehash address for mining, I have since then moved on to Sniffdog Miner but the same process applies pretty much which is entering in the btc wallet address I want my btc payouts from the pools to go to.
Since mining for over a year I've accumulated a decent amount of bitcoin as well as a bit of litecoin and bitcoin cash. So it has been brought to my attention that keeping my coins in a Quadrigacx wallet is the same as leaving it on the exchange correct? I've only been using QuadrigaCX as a wallet and that is neither correct not safe?
So if I'm planning on holding my coins for a few years I probably shouldn't be keeping it in my QuadrigaCX wallet and transfer it to a blockchain wallet or something similar right? The user from Ncix was probably suggesting what he did, thinking it was for constantly cashing out the profits? Which I don't intend on doing for a few years.
Edit: oh and if using a different wallet is suggested, when it does come time to cashing out and I have to send the btc back to QuadrigaCX, I'm guessing there're fees involved?
submitted by Pryometrix to QuadrigaCX [link] [comments]

[Bitcoin Mining] Just Started! Here are my specs!

PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU Intel Core i7-3820 3.6GHz Quad-Core Processor $229.99 @ Microcenter
CPU Cooler Corsair H100i 77.0 CFM Liquid CPU Cooler $99.99 @ Newegg
Motherboard Gigabyte GA-X79-UP4 ATX LGA2011 Motherboard $224.99 @ Amazon
Memory Corsair Vengeance Performance 32GB (4 x 8GB) DDR3-1866 Memory $249.99 @ Newegg
Storage Western Digital Caviar Black 1TB 3.5" 7200RPM Internal Hard Drive $89.99 @ NCIX US
Video Card Gigabyte Radeon HD 7970 3GB Video Card $399.99 @ Newegg
Case Corsair Vengeance C70 (Black) ATX Mid Tower Case $107.99 @ Amazon
Power Supply Corsair Professional Gold 850W 80 PLUS Gold Certified ATX12V / EPS12V Power Supply $154.99 @ Newegg
Optical Drive Asus BW-12B1ST/BLK/G/AS Blu-Ray/DVD/CD Writer $59.99 @ Newegg
Operating System Microsoft Windows 8 (OEM) (64-bit) $89.98 @ Outlet PC
Monitor Asus VG23AH 23.0" Monitor $213.98 @ SuperBiiz
Keyboard Logitech MX 5500 Revolution Wireless Standard Keyboard w/Laser Mouse $152.70 @ Adorama
Total
Prices include shipping, taxes, and discounts when available. $2054.57
Generated by PCPartPicker 2013-03-27 22:34 EDT-0400
I set up the Bitcoin wallet, and am using GUIMiner.
What are the best settings for me to use? (I'm in Slush's Pool)
submitted by Count_Duqu to BitcoinMining [link] [comments]

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Set Up Your Bit Coin Account

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