Hardware wallets are a great way to store your Bitcoin and other Cryptocurrency. They are safe and secure. Bitcoin mining operators have a problem with wallets, though, and need to perform maintenance on them to make sure they keep running well.
The other day I wanted to use two months of mining earnings from my small operation to buy some more miners. In this case, four Baikal Giant X-11 miners. I was in a hurry, because I was trading emails with the guy at Baikal in China right before I had to take my daughter in school. I needed to complete the transaction, then email the Bitcoin blockchain reference to him so the order could ship.
It took my Ledger a full minute to put together the transaction before I could confirm it on the device! Apparently when there are many transaction inputs it has to process to create an output and sign it, it takes a little while. The solution is to create three accounts on the hardware wallet – Mining, Spending, and Saving, and transfer from Mining to Spending and Saving every few weeks.
For a review of hardware wallets, and where to buy them, look at my previous article, Keep Your Bitcoins Safe with a Hardware Wallet.