this post was submitted on 05 Oct 2023
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Monero

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thinking about creating a new wallet at block 3 million (monero.town)
submitted 1 year ago by [email protected] to c/[email protected]
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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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[–] [email protected] 12 points 1 year ago (2 children)

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.

[–] [email protected] 5 points 1 year ago (2 children)

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?

[–] [email protected] 3 points 1 year ago (1 children)

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

[–] [email protected] 1 points 1 year ago

Cool, thanks.

[–] [email protected] 1 points 1 year ago (1 children)

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

[–] [email protected] 3 points 1 year ago

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