All About BTC, LTC, ETH mining as well as other alternative crypto currencies
The work on the official Ethereum graphical wallet (GUI wallet) is continuing and the software is getting improved and becoming more user friendly with each new beta release, making it easier for new people to get started with ETH. The wallet relies on geth (by default) or the eth client as a backend and provides a user friendly interface with the most important information and functions available to the user without requiring him to type console commands to execute them. The latest version Ethereum Wallet 0.5.1 (Beta 9) is ready for the upcoming Ethereum hardfork as the crypto currency moves to the next phase of its development called Homestead that is planned to happen at block 1150000 or in other words in less than 50 thousand blocks.
The Ethereum GUI wallet can be used as a new installation to get you started with a new wallet, it will start with an easy step by step guide to help you get started by generating a new wallet and even import pre-sale wallet if you have participated in the pre-sale and still have not imported your coins. If you already have a local wallet and were using the geth or eth console clients, then you can use the GUI wallet with your existing address and the blockchain data will not need to be re-downloaded as you already have it available locally and the GUI wallet will use it. It took some time for the official Ethereum GUI wallet to become available and to offer the functionality users needed in an easy graphical user interface, but you can say that now, even thought still in beta, the GUI wallet works very well and makes it really easy for new users to get into Ethereum.
The official Ethereum graphical wallet is improving and getting more user friendly with each new beta release, making it easier for people that are not very happy with the console only clients such as geth and eth. The wallet relies on geth (by default) or eth as a backend and provides a user friendly interface with the most important information and functions available to the user without requiring him to type console commands to execute them. The latest Beta 6 release makes it easier to backup your wallet by adding a menu command that takes you directly tot he folder where your wallet is being stored, so the only thing you need to do is to copy the file in a safe location. The new wallet comes with a button called Deposit using Bitcoin that invokes integrated support for ShapeShift allowing you to easily and quickly buy Ether coins and have them easily transferred to your Ethereum wallet. Although the button is called Deposit with Bitcoin you can actually use other altcoins supported by ShapeShift to purchase Ethereum with the needed support built-in right into the wallet. Another useful new addition is that the wallet will now show historical prices from the time of the transaction thanks to integration with the CryptoCompare service, so you will know what was the exact fiat value of the Ethereum transaction at the moment you have made it.
You can of course import your Ethereum wallet generated with Ether Wallet, even if you printed a paper wallet, into geth for example with your unencrypted private key that you need to save into a file. All you have to do is to run the geth client with the following command line where instead of keyfile you need to type the file name of the file you have saved your unencrypted private key in:
geth account import keyfile
You will be asked to enter a password in order to encrypt the key when your account is being imported in geth and the password you enter will be needed in order for you to unlock your account for executing transactions in the future. So make sure you remember your password and then do a backup of your Ethereum wallet in geth.