New
#21
No problem :)
The first part of the network should sync pretty fast and that's because there were not many transactions per block in the early days. While with bitcoin growing there is a hugh increase in the transactions so those blocks take longer to verify. The blocks remaining is not really a good identifier of how much time is remaining to fully sync.
There would also be the question of do you use an encrypted filesystem as bitcoin does a lot of Disc I/O. Very little of the time is spent downloading the blockchain data compared to how much time your computer is spending verifying each transaction. That's why internet performance isn't really a big factor with bitcoins, even if you had multiple mining rigs setup mining i don't think you would need more then 10Mbps in both directions.
But then again it depends on if you want to have and store your BitCoin wallet on your Computer or if you choose to use an online wallet. If you store your bitcoins wallet on your computer then you will have a wallet file and if you delete this file simply put you have deleted your bitcoins and there are no hopes to get them back as they would just be lost in the network. You could use an online wallet such as https://blockchain.info that will stay up to date for you... They also allow withdraw with PayPal for a fee of course.
If you wanting to mine i would definitely recommend pool mining as mining on your own would probably be an impossible task and you would never actually get a block to yourself. So there are mining pool websites you can join where basically hundreds can all mine together then when the block is found everyone gets a share depending on how much work they did. A lot safer as you get BitCoins for sure but the pool is most likely taking a share so for instance each block might only be worth 45BTC as the pool is taking 5BTC per successful block. But with enough users you can finish many blocks per day.
I would like to have internet like yours, i got dedicated 1Gbps lines on each of my dedicates servers but my personal internet is only 30/1