BTC guild, I sent a payout to old wallet address that no longer exists! HELP!!!!

Stinky_Pete

hero member

Activity: 560

Merit: 500

Quote from: Sugetsu on September 15, 2013, 05:19:01 PM

Quote from: marcovaldo on September 15, 2013, 03:37:44 PM

There is no way you can use / spend / get those bitcoins without having access to the wallet (or the private key, or import it).

What is this private key you speak of?

Blimey, I suggest you read up on addresses and wallet security before you do anything with any coins. Every transaction in your wallet has a public key, which is what you see all over the place, and a private key which only your wallet 'knows'. If your wallet gets lost/deleted/reformatted then you can not do anything with the coins associated with that key. Nothing, nothing at all. They are lost.
Make a backup of your wallet, then make another backup onto a different medium. Then put the backups somewhere safe.

There is a wiki post on security - read and understand.

('Wallet' is a misnomer. The coins are never 'in your wallet'. The record of all the coins and all the transactions are in the block-chain, the wallet only holds your keys, so that it can pick out your transactions. If someone gets hold of your wallet or private keys, then they get control of any coins associated with that key, even transactions in the future. If you think your wallet has been compromised, get a new one and never, ever use the old one again.)

Sugetsu

newbie

Activity: 18

Merit: 0

Quote from: marcovaldo on September 15, 2013, 03:37:44 PM

There is no way you can use / spend / get those bitcoins without having access to the wallet (or the private key, or import it).

What is this private key you speak of?

millsdmb

sr. member

Activity: 322

Merit: 250

Quote from: Sugetsu on September 15, 2013, 03:24:25 PM

I can't believe it is so easy to lose all your effort without any support from the mining pool at all.

What do you expect anyone to do about it? This is one of the things BTC is all about.

rammy2k2

legendary

Activity: 1974

Merit: 1003

Unless u have the wallet.dat of that address , the BTC is lost

Wed

legendary

Activity: 1231

Merit: 1018

Quote from: ?? on ??

Yes you have lost the bitcoins.

No chance to get them back without having that wallet or the private key.

marcovaldo

sr. member

Activity: 350

Merit: 250

You need the private key of the old wallet.
If you still have the hard drive, you can try to recover the wallet date file.

The pool can't do shit.
You asked them to pay btc to an existing address. They did it.
Bitcoin transaction are irreversible.

There is no way you can use / spend / get those bitcoins without having access to the wallet (or the private key, or import it).

Sugetsu

newbie

Activity: 18

Merit: 0

This is crazy... I can't believe it is so easy to lose all your effort without any support from the mining pool at all.

marcovaldo

sr. member

Activity: 350

Merit: 250

When you send bitcoins to an address:
1) if the address is not valid, you got an error, and nothing happens. The bitcoins are not lost.
2) if the address is valid, but wrong, the transaction is included in the blockchain, and you need the private key to spend the bitcoins.

In the latter case, you will make everyone having some bitcoins a little bit richer

MRKLYE

legendary

Activity: 1358

Merit: 1003

Designer - Developer

Damn man.. Unless you have a backup of that old wallet you are doomed.. :/

Sugetsu

newbie

Activity: 18

Merit: 0

So basically, I had windows 7 a few months ago set up with local client called bitcoin-wallet. My BTC guild wallet address was registered with that local client, which consequently got erased after I formatted my hard drive. I thought that so long as I had my BTCguild account set up I didn't need to worry about my local bitcoin client and that the wallet address registered there was transferable to another client or an online account.

Confident that there would be no problem getting my bitcoins, I decided to install windows 8 and a new Bitcoin wallet local client. Then, just now, I requested a manual payout to the old wallet address already registered in my account, but after opening my bitcoint wallet program and looking around its options and settings I see no way to assign it the wallet address in BTC guild!!!!

Did I just made a fool of my self and lost 1.04 btc??? Please help me! =(

Thanks

Topic: BTC guild, I sent a payout to old wallet address that no longer exists! HELP!!!! (Read 1298 times)