I want to burn some Snow Flakes from the premine. How do I achieve this. Any best practice?
Simple way
1. Create new wallet address (do not open their private key)
2. Send to your new address
3. Permanent Delete your wallet.dat
Topic: Burning coins. How to? (Read 1561 times)
Simple way
1. Create new wallet address (do not open their private key)
2. Send to your new address
3. Permanent Delete your wallet.dat
mixer and burning for me
you can send your coin, i will send you bitcoin, but only 10% price in ico selling
the serious answer
if you dev you can create addres and send your coin , and then deleted addres and private key
so anything person can't use balance coin in your burn
you can send your coin, i will send you bitcoin, but only 10% price in ico selling
the serious answer
if you dev you can create addres and send your coin , and then deleted addres and private key
so anything person can't use balance coin in your burn
What....!!! Burning coins,,,, 
I've heard if the coin can be in burning
I've heard if the coin can be in burning if the fundamentals are the same as bitcoin you can't just pick a random address on your own, the address has to match certain rules which is the base58 encoding with checksum.
like this:
you can find articles on how to do it with bitcoin and then change them to your altcoin:
https://en.bitcoin.it/wiki/Proof_of_burn
http://bitcoin.stackexchange.com/questions/1851/how-to-generate-a-valid-bitcoin-address-for-destroying-bitcoins
p.s. donating them would be wiser and easier!
like this:
Code:
Bitcoin address = version + RIPEMD-160(SHA-256( Public Key )) + checksum
https://en.bitcoin.it/wiki/Proof_of_burn
http://bitcoin.stackexchange.com/questions/1851/how-to-generate-a-valid-bitcoin-address-for-destroying-bitcoins
p.s. donating them would be wiser and easier!
Agreed, why you want to waste it out instead of donating your coins.
Many people out there are looking for coins if you realize that.
Addresses to burn your coins? Looks like suspicious
We don't know for sure unless there are some legit evidence.
Looks nice but how they are guaranteed to have no known or discoverable private key??
Yes, we don't know if that's true if they actually burn it for real instead of keeping all of it, moreover the coins can't just disappear right?
Just send them to a random address 
, as long as nobody has the private keys to that address (and won't generate them in the future) nobody will be able to access the coins.
, as long as nobody has the private keys to that address (and won't generate them in the future) nobody will be able to access the coins.Just send to a generated (random) address and keep your private keys to yourself.
Why are these devs keeps creating huge supply for their coin when in fact it is a big turn off for investors,I shunned away from coins that has huge supply in the market especially if all those coins are premine,they just want to make profit.
You're right. The reason why some altcoin's value dumps after it was launched is because of too much supply. That is the biggest reason why do we have shitcoins in cryptocurrency exchange. We should never fall from dev's plan. Always manifestate before to invest in a cryptocoin.
Why are these devs keeps creating huge supply for their coin when in fact it is a big turn off for investors,I shunned away from coins that has huge supply in the market especially if all those coins are premine,they just want to make profit.
Looks nice but how they are guaranteed to have no known or discoverable private key??
I have bookmarked this page for reference and for future usage,there's been so many altcoin in the market with over supply of their coin and a site like Barr and this addresses are a big help to the community.
The problem with all completely random burn addresses is, that you can't concusively prove, that you don't really know the privkey. PEople would have to trust you. If the burn address is sufficiently non-random, there is no way in hell that you or anyone else knows the privkey.
Maybe use the burn address generator mentioned above and just change "1" to "S"?
Maybe use the burn address generator mentioned above and just change "1" to "S"?
Agreed and an interesting solution. (didn't know there was anything like that)
Isn't there a burn coin or two ? What about giving them to that thing ?
Just a thought ..i know little about this issue.
Afaik, Traditional coins don't jump blockchains, so those proof-of-burn coins will have to use burn addresses on the native blockchain of a coin.
The problem with all completely random burn addresses is, that you can't concusively prove, that you don't really know the privkey. PEople would have to trust you. If the burn address is sufficiently non-random, there is no way in hell that you or anyone else knows the privkey.
Maybe use the burn address generator mentioned above and just change "1" to "S"?
Maybe use the burn address generator mentioned above and just change "1" to "S"?
Agreed and an interesting solution. (didn't know there was anything like that)
Isn't there a burn coin or two ? What about giving them to that thing ?
Just a thought ..i know little about this issue.
The problem with all completely random burn addresses is, that you can't concusively prove, that you don't really know the privkey. PEople would have to trust you. If the burn address is sufficiently non-random, there is no way in hell that you or anyone else knows the privkey.
Maybe use the burn address generator mentioned above and just change "1" to "S"?
Maybe use the burn address generator mentioned above and just change "1" to "S"?
Just send them to a random address , as long as nobody has the private keys to that address (and won't generate them in the future) nobody will be able to access the coins.
I thought it was appropriate to criminals who make coins for fraud , as long as nobody has the private keys to that address (and won't generate them in the future) nobody will be able to access the coins.
I tried sending to fake addresses like XOXOXOXOXBURNADDRESSXOXOXOXOXO0000 or S000BURN0ADDRESS000000000000000000
But console says
How do I guess a valid address ?
But console says
Code:
Invalid snowflakes address (code -5)
How do I guess a valid address ?
You could always create a new wallet, and transfer coins to it and delete the wallet key from your system. Would definitely ensure no one gets those coins in the future.
if the fundamentals are the same as bitcoin you can't just pick a random address on your own, the address has to match certain rules which is the base58 encoding with checksum.
like this:
https://en.bitcoin.it/wiki/Proof_of_burn
http://bitcoin.stackexchange.com/questions/1851/how-to-generate-a-valid-bitcoin-address-for-destroying-bitcoins
p.s. donating them would be wiser and easier!
like this:
Code:
Bitcoin address = version + RIPEMD-160(SHA-256( Public Key )) + checksum
you can find articles on how to do it with bitcoin and then change them to your altcoin:https://en.bitcoin.it/wiki/Proof_of_burn
http://bitcoin.stackexchange.com/questions/1851/how-to-generate-a-valid-bitcoin-address-for-destroying-bitcoins
p.s. donating them would be wiser and easier!
Donating is an awesome idea. ANd you would get extra marketing mileage out of it.
if the fundamentals are the same as bitcoin you can't just pick a random address on your own, the address has to match certain rules which is the base58 encoding with checksum.
like this:
https://en.bitcoin.it/wiki/Proof_of_burn
http://bitcoin.stackexchange.com/questions/1851/how-to-generate-a-valid-bitcoin-address-for-destroying-bitcoins
p.s. donating them would be wiser and easier!
like this:
Code:
Bitcoin address = version + RIPEMD-160(SHA-256( Public Key )) + checksum
you can find articles on how to do it with bitcoin and then change them to your altcoin:https://en.bitcoin.it/wiki/Proof_of_burn
http://bitcoin.stackexchange.com/questions/1851/how-to-generate-a-valid-bitcoin-address-for-destroying-bitcoins
p.s. donating them would be wiser and easier!
Send your coins to me i will burn them for you 
DA FUQ is a snowflake coin? An' don't the OP here claim to be a develolper o' that coin or what? Don't y'all know how to waste up ya own coin?
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