TSP Questions

In addition to maintaining this blog I am also a member of a community over at The Survival Podcast. You can find this amazing podcast at thesurvivalpodcast.com. Also there is a Facebook page started by a community member as well as a forum where you can get involved. All I can say is that this podcast and community has changed my life and recommend it to anyone looking to gain knowledge on a vast array of subjects. Jack Spirko has a great expert council which answers listener’s questions they submit to TSP. Being that I am a TSP expert council member myself, this page is dedicated to all of the Survival Podcast questions I answer as many of them warrant some technical background information which I will make available here.

 

Episide 2048 of TSP Ethereum Mining Rig Question (My response starts at 46:36)

  • Here is a great tutorial of how to price out and build an Ethereum mining rig–> here
  • Here is a tutorial of how to get your machine mining Ethereum –> here
  • Here is a calculator to calculate mining profitability. In this case I used the calculator labeled “EtHash” as this is the algorithm Ethereum uses –> here.

Episode 2053 of TSP SegWit2x Question (My response starts at 1:23:16)

  • Difficulty re-targeting time frame info for SegWit2x.
  • Road to Segwit activation here.
  • BIP91 activation info.
  • SegWit2x timeline info.

Episode 2058 of TSP Mining Empty Blocks On LTC Chain (My response starts at 56:50)

Episode 2063 of TSP BTC wallet on a USB stick(My response starts at 27:28)

Option 1

  • Here is the link for this option with a step by step tutorial
  • I would recommend at least an 8gig thumb drive like these but anything 4gig and up will work

Option 2

  • Step 0 Make sure the usb drive you are about to use is 4 gigs or more and is not going to be used for anything else. I would recommend moving anything of importance off of this drive and then formatting it to wipe it clean
  • Note I would not use anything larger than 4 or 8gig usb drive as this will not have anything on it accept for the OS we are about to put on it. This drive will be incapable of saving to as well.
  • Step 1 Download linux Kodachi you can either download the Europe or Sourceforge links
  • Step 2 Download unetbootin but rufus or universal-usb-installer should work as well. On unetbootin download site, scroll down for directions of how to install that Kodachi ISO you downloaded on step 1
  • Note It may go all the way to 95% and then stall out, just wait sometimes takes over 10 mins to finish last 5% for some reason. If unetbootin does not work, try the other 2 installers I listed in step 2
  • Step 3 Shut computer all the way down. Then plug in thumb drive you just created and push the power button. Now repeatedly push the F12 button until Drive selection screen comes up. Now select “default” and hit enter.
  • Step 4 Now Kodachi should have started and you should see a home screen with a bunch of gauges and meters on it. If you like to use your mouse pad I would recommend right clicking on Applications/Settings/Mouse and Touchpad. Then click the box that allows tap function of your mousepad. Close out of these settings.
  • Step 5 Now at the very top right hand part of the screen of the desktop there should be an icon that looks like 2 computers, 1 behind the other slightly. Click on this and select your wifi and enter wifi password to connect to the internet if you want to send and receive BTC transactions.
  • Step 6 Now at the very bottom center of the desktop screen there should be a row of icons, hover over them until you get to “Security Apps”. Select Electrum Bitcoin Wallet.
  • Step 7 From here you can either create a new wallet or open an existing Electrum wallet from a seed. If you create a new wallet WRITE DOWN YOUR 12 WORD SEED BECAUSE WHEN YOU EXIT LINUX KODACHI IT WILL NOT SAVE ANYTHING!
  • Step 8 WRITE DOWN YOUR 12 WORD SEED!!!
  • Step 9 Now you can send or receive BTC safely and securely on any PC that you plug this system into

Option 3

  • Note Follow all of the instructions Step 0-5 in Option 2
  • Step 6 Plug in a different usb drive, this drive can be any size. This is the drive you will save anything you want saved from your work while using this Live OS. This is where you are going to save your Jaxx desktop. This drive should now show up as removable volume on your Kodachi desktop
  • Step 7 Now at the very bottom center of the desktop screen there should be a row of icons, hover over them until you get to “Kodachi Home Page”, click on it. Navigate to https://jaxx.io/support.html#openModal4 and select (Tar x64) if you have 64 bit machine or select (Tar x86) if you have a 32 bit machine. When prompted save this to that 2nd usb drive or removable volume that you plugged in to your live OS
  • Step 8 Double click on that removable volume on Kodachi home screen of that 2nd usb drive and right click on Jaxx.tar.gz folder and select “extract to”. You can either extract this folder to your Home or Desktop on Kodachi, then Open folder and double click on Jaxx file.
  • Step 9 Now Jaxx should have opened in Kodachi. Just follow the directions like you normally would with any Jaxx wallet, either WRITE DOWN YOUR SEED if creating new wallet or enter seed if opening existing Jaxx wallet. I can’t stress enough to remember to write down your seed when using this type of wallet because if you dont and close out of this OS, any funds on said wallet will be gone if you dont have your seed.

Episode 2068 of TSP Moving BCH (Bitcoin Cash) From a Paper Wallet Back to Spendable Software Wallet (my response starts at 21:36 mins)

**Notes** In this response I out lined doing 2 things.

1st moving your BTC off of that paper wallet and onto a BTC software wallet.

2nd moving you BCH off of that paper wallet and onto a BCH software wallet.

1st

BTC paper wallet to  Jaxx mobile wallet (Moving your BTC)

  • Step 0 If you do not have the Jaxx mobile wallet installed onto your phone, go to what ever app store you need to on which ever phone you have and do this. Follow all of the instructions and WRITE DOWN YOUR 12 WORD SEED.
  • Step 1 Open Jaxx application and navigate to your BTC address. On top right hand of screen tap the icon that looks like 3 horizontal lines
  • Step 2 Now tap “tools” and then “Transfer Paper Wallet” and then tap “Transfer BTC Paper Wallet” and then tap “I Understand”
  • Step 3 Tap on like camera icon, this will enable your camera, now point your camera to the qr code of your private key of your paper wallet. You should here a beep. You have now transferred the balance of your BTC from that paper wallet onto your Jaxx wallet on your phone. You should now see this displayed on your Jaxx wallet.

BTC paper wallet to Mycelium wallet (Moving your BTC)

  • Step 0 If you do not have the Mycelium mobile wallet installed onto your phone, go to what ever app store you need to on which ever phone you have and do this. Follow all of the instructions and WRITE DOWN YOUR 12 WORD SEED.
  • Step 1 Open Mycelium wallet, in upper right hand corner of screen tap on icon that looks like 3 dots in a vertical line.
  • Step 2 Now Tap on “Cold Storage”. Now tap on “QR CODE”. This will enable your camera, so just point your phone’s camera at that paper wallet private key. After it grabs it, now tap “Send”. Yoy should have now just swept that balance off of that paper wallet onto your Mycelium wallet.

BTC paper wallet to Electrum Desktop wallet (Moving your BTC)

  • Step 0 Go to Electrum.org and download this wallet. Select “Standard Wallet”, the select “Create New Seed”. Write down your 12 word seed. Now enter your 12 word seed. Now select a password. Now your wallet is ready to use.
  • Step 1 Open Electrum Wallet, click on “Wallet” and hover over drop down item “Private Keys” and click on “Sweep”.
  • Step 2 Very very carefully manually enter your private key from your BTC paper wallet into this box. If you have entered a correct private key format, the “Sweep” button should go from greyed out to clickable. Click on “Sweep” and then confirm. You should have now swept your BTC balance off of your BTC paper wallet onto  your Electrum application wallet.

2nd

BTC paper wallet to Coinomi mobile wallet (Moving your BCH)

**Note** Coinomi is only available for android

  • Step 0 Go to Google Play Store on your Android phone and download the Coinomi mobile wallet. Tap “Create New Wallet”, write down 18 word seed. Re enter 18 word seed, select a password, the select BCH or Bitcoin cash, then select “I Agree”.
  • Step 1 Open Coinomi Wallet and in upper right hand side of screen tap on 3 dots in a verical line.  Now Click on “Sweep Wallet”
  • Step 2 Now click on the icon that looks like a QR code. Next give this application permission to use your camera.  You camera will engage, now point your phone’s camera to that paper wallet private key. After it captures it click confirm. Now you should see a BCH balance on your Coinomi mobile wallet.

BTC paper wallet to Electron Cash desktop wallet (Moving your BCH)

  • Step 0-a If you already have an Electrum Wallet on this machine, please move these funds to a different wallet platform entirely. As noted in the notice issued by Electrum.org as a safety measure to guard against theft of the Electron Cash wallet possibly using these same keys to move your BTC
  • Step 0-b Download Electron Cash wallet from here. Create new wallet by creating a different wallet name in the box “Wallet: “. Now select “Standard Wallet”, then “Create a New Seed”, then write down your 12 word seed. Now enter your 12 word seed. Now select a password. Now your wallet is ready to use.
  • Step 1 Open Electron Cash Wallet, click on “Wallet” and hover over drop down item “Private Keys” and click on “Sweep”.
  • Step 2 Very very carefully manually enter your private key from your BTC paper wallet into this box. If you have entered a correct private key format, the “Sweep” button should go from greyed out to clickable. Click on “Sweep” and then confirm. You should have now swept your BCH balance off of your BTC paper wallet onto  your Electron Cash application wallet.

Other supporting links for this response

 

Episode 2073 of TSP  3 in 1 Mining question (my response starts at 53:27)

Supporting links from this response

General Bitcoin Tax Questions

US Capital Gains Tax Bracket Info with Chart

Cryptocurrency Mining Calculator

Bitcoin Difficulty Chart

Are Mined Bitcoins a Tax Event?

Calculate Bitcoin Taxes Free Site

 

Episode 2081 of TSP Are Bitconnect Coin(BCC) and/or Chain Coin(CHC) scams? (my response starts 57:12 mins)

**BitConnect Coin(BCC)**

BitConnect Coin website(s): bitconnect.co and bitconnectcoin.co

Interesting Steemit article on Bitconnect Coin here.

Boxmining’s take on Bitconnect Coin video here.

** Chain Coin(CHC)**

Chain Coin website: chaincoin.org

storeofvalue.github.io scam claim here.

Boxmining’s take on ChainCoin here.

 

Episode 2115 of TSP Ethereum Scaling Question (My response starts at 39:27)