How to Setup a Bitcoin Wallet

Before you power on your Nerdaxe Hydro miner and start earning Bitcoin, you’ll need a secure place to store your rewards. That’s where a Bitcoin wallet comes in.

In this guide, we’ll show you how to setup a Bitcoin wallet from scratch, explore the different wallet types, and help you connect it to your mining rig—so you’re ready to start stacking sats like a pro.

Why Do You Need a Bitcoin Wallet?

A Bitcoin wallet is essential to solo mining. When your Nerdaxe Hydro successfully mines a block (or even a pool share), the reward needs a destination—your wallet.

It stores your private keys, lets you send and receive Bitcoin, and gives you full custody over your mined BTC. Without one, you can’t get paid.

Best Bitcoin Wallets for Home Mining

Not all wallets are created equal. Here’s a quick breakdown of the top wallet types for home miners:

1. Hardware Wallets (Cold Storage)

These are physical devices like Ledger Nano X or Trezor Model T. They’re considered the safest option for long-term storage because they keep your private keys offline.

Best for: Serious solo miners holding Bitcoin for the long haul.

2. Mobile Wallets

Apps like BlueWallet, Phoenix, and Muun offer convenience and quick access. Easy setup and ideal for smaller balances or quick transfers.

Best for: Beginners or miners who frequently spend their BTC.

3. Desktop Wallets

Software like Bitcoin Core or Electrum gives you full control and lets you run your own node, which is great for true decentralization.

Best for: Tech-savvy miners who want more privacy and autonomy.

How to Setup a Bitcoin Wallet (BlueWallet Example)

One of the simplest wallets to set up is BlueWallet, available on iOS and Android. Here’s how:

Step 1: Download the App

Visit the App Store or Google Play and install BlueWallet.

Step 2: Create a Wallet

Open the app, tap “Add Wallet,” give it a name (e.g., “Nerdaxe Wallet”), select Bitcoin, and tap Create.

Step 3: Back Up Your Seed Phrase

You’ll get a 12-word recovery phrase. Write it down and store it somewhere safe. This is the only way to recover your wallet.

Step 4: Receive Your Address

Tap “Receive” to get your Bitcoin wallet address. This is what you’ll input in your Nerdaxe Hydro miner settings.

Connecting Your Wallet to Nerdaxe Hydro

Once your wallet is set up:

• Log in to your Nerdaxe Hydro control panel
• Paste in your Bitcoin wallet address
• Start mining!

Your rewards will automatically flow into your wallet as you generate them.

Bonus Tip: Use Multiple Wallets for Better Organization

Many solo miners use separate wallets for different purposes:

• Mining wallet (to receive rewards)
• Spending wallet (to move or convert BTC)
• Cold storage (to hold long-term savings)

This setup helps keep your Bitcoin organized and secure.

Final Thoughts: Take Control of Your Bitcoin

When you setup a Bitcoin wallet, you’re not just preparing to mine—you’re claiming full control of your financial future. With tools like Nerdaxe Hydro, solo mining has never been more accessible or rewarding.

Ready to Start Mining at Home?

Explore the ultra-quiet, liquid-cooled Nerdaxe+ Hydro and take the first step toward mining independence today.