Topic: Chinese team released software to mine Satoshi's coin - page 4. (Read 6377 times)
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
Even if Satoshi gave you half of his private key and let you guess the rest of the numbers, you still couldn't do it in a sensible timeframe. Don't waste your breath on such dead simple software for private key cracking.
Correct me if I'm wrong here but didn't Satoshi had around 1 Mil BTC on one of his single addresses?
Yeah and he tattooed the private key on the belly of his hippopotamus!
Lol... Thanks for the fun fact Fr... I'm one of those people who believe everything they read on the internet.
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins
Once again, it's not a matter of "better technology". It doesn't matter how fast the computers they have are. It doesn't matter how many computers they have. They could go 10,000 years into the future, steal all the computers on Earth, and bring them back in time to the beginning of the Universe, then run them nonstop trying to crack a single private key. They could run them while the early galaxies form, run them while our star is born, while the Earth congeals, while life begins, and until they again reach today. They would fail.
Brute force will never. Ever. Ever. EVER. crack a 256 bit key. No matter what.
Umm, if someone can zip 10.000 years into the future, then pop up at the dawn of time, I doubt they'Ed have any interest in any encryption key. Just saying!
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins
Once again, it's not a matter of "better technology". It doesn't matter how fast the computers they have are. It doesn't matter how many computers they have. They could go 10,000 years into the future, steal all the computers on Earth, and bring them back in time to the beginning of the Universe, then run them nonstop trying to crack a single private key. They could run them while the early galaxies form, run them while our star is born, while the Earth congeals, while life begins, and until they again reach today. They would fail.
Brute force will never. Ever. Ever. EVER. crack a 256 bit key. No matter what.
While I agree this is a long shot it does seem to show a potential issue for bitcoin in the future. Sites like directory.io have already posted every bitcoin address and its corresponding private key. If a computer can just search that huge number of addresses you could get satoshi's or anyone else's for that matter coins.
I do like the point about how it would be better to just mine bitcoins with the corresponding computer power.
I do like the point about how it would be better to just mine bitcoins with the corresponding computer power.
The jokes on you. directory.io is fake. It only computes the bitcoin addresses for the private keys on the pages you look at.
In other worlds. By the time you would have finished skipping through all the pages, our sun and trillion trillion trillions of other stars would have imploded
While I agree this is a long shot it does seem to show a potential issue for bitcoin in the future. Sites like directory.io have already posted every bitcoin address and its corresponding private key. If a computer can just search that huge number of addresses you could get satoshi's or anyone else's for that matter coins.
I do like the point about how it would be better to just mine bitcoins with the corresponding computer power.
I do like the point about how it would be better to just mine bitcoins with the corresponding computer power.
The jokes on you. directory.io is fake. It only computes the bitcoin addresses for the private keys on the pages you look at.
Correct me if I'm wrong here but didn't Satoshi had around 1 Mil BTC on one of his single addresses?
Yeah and he tattooed the private key on the belly of his hippopotamus!
Using brute force guessing, you are currently 7,142,168,459,456,328,726,581,608,448 times more likely to solve a block than to guess a private key. Guessing private keys is stupid. It is much more profitable to mine blocks than to mine private keys.
Chance of guessing the private key of an address: 1 / 2160
Chance of guessing the nonce that solves a block: 0x1713DD x 2168 / 2256
No, he used a different address every time. But even if an address has 1,000,000 BTC, it still would be better to mine than to try to guess its private key.
Chance of guessing the private key of an address: 1 / 2160
Chance of guessing the nonce that solves a block: 0x1713DD x 2168 / 2256
Correct me if I'm wrong here but didn't Satoshi had around 1 Mil BTC on one of his single addresses?
No, he used a different address every time. But even if an address has 1,000,000 BTC, it still would be better to mine than to try to guess its private key.
Copy that O... Many thanks for the clarification.
It's bull is what it is. What would be the point of the attack on his private key? If it had any valid point and reasonable chance,
people wouldn't be mining bitcoin, they would be trying to crack private keys.
I'm pretty sure there is an alternative motive to this "project", and given the history of such things, i'm staying away.
people wouldn't be mining bitcoin, they would be trying to crack private keys.
I'm pretty sure there is an alternative motive to this "project", and given the history of such things, i'm staying away.
While I agree this is a long shot it does seem to show a potential issue for bitcoin in the future. Sites like directory.io have already posted every bitcoin address and its corresponding private key. If a computer can just search that huge number of addresses you could get satoshi's or anyone else's for that matter coins.
I do like the point about how it would be better to just mine bitcoins with the corresponding computer power.
I do like the point about how it would be better to just mine bitcoins with the corresponding computer power.
Using brute force guessing, you are currently 7,142,168,459,456,328,726,581,608,448 times more likely to solve a block than to guess a private key. Guessing private keys is stupid. It is much more profitable to mine blocks than to mine private keys.
Chance of guessing the private key of an address: 1 / 2160
Chance of guessing the nonce that solves a block: 0x1713DD x 2168 / 2256
No, he used a different address every time. But even if an address has 1,000,000 BTC, it still would be better to mine than to try to guess its private key.
Chance of guessing the private key of an address: 1 / 2160
Chance of guessing the nonce that solves a block: 0x1713DD x 2168 / 2256
Correct me if I'm wrong here but didn't Satoshi had around 1 Mil BTC on one of his single addresses?
No, he used a different address every time. But even if an address has 1,000,000 BTC, it still would be better to mine than to try to guess its private key.
Correct me if I'm wrong here but didn't Satoshi had around 1 Mil BTC on one of his single addresses?
Yeah, I was going to say "do they think Satoshi's PRNG was shit?" btcbobby beat me to it though.
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.
A) it is far easier to mine a block of Bitcoin than it is to randomly generated a valid private key. Unless the Chinese team thinks they know something that could help them with a shortcut, thinking that the PRNG in sayishis computer was flawed somehow.
B) knowing that it's far easier to mine a block than it is to guess a key, and realizing that sayishis coins haven't been consolidated in anyway, why devote that much computer power for a 50Btc reward (the amount in any of satishis addresses), why waste the energy when that same compute power could be used to generate far more than 50Btc?
C) assuming the go ahead and mine one of satoshis addreses, then there goes Bitcoin. If one if his the private key for a random address can be recovered somehos, then that would mean that none of our coins are safe. Don't get me wrong, if it's possible to do Then absolutely they should do it, just so the fault they're working off of or discover becomes well known, giving everyone the chance to jump ship, rather than take such an invention and use it for nefarious purposes.
Overall, on a threat scale of 1-10, I'd rate this minus 10.
B) knowing that it's far easier to mine a block than it is to guess a key, and realizing that sayishis coins haven't been consolidated in anyway, why devote that much computer power for a 50Btc reward (the amount in any of satishis addresses), why waste the energy when that same compute power could be used to generate far more than 50Btc?
C) assuming the go ahead and mine one of satoshis addreses, then there goes Bitcoin. If one if his the private key for a random address can be recovered somehos, then that would mean that none of our coins are safe. Don't get me wrong, if it's possible to do Then absolutely they should do it, just so the fault they're working off of or discover becomes well known, giving everyone the chance to jump ship, rather than take such an invention and use it for nefarious purposes.
Overall, on a threat scale of 1-10, I'd rate this minus 10.
Hmmmm... that is interesting/funny and crazy at the same time . Even if they bring a SuperComputer, they can't possibly crack it in several 100 years. And even if they do it let's say in 50 years , they will get 50 btc , 1 btc a year ? 
. They can mine better with that suer computer of there's
. They can mine better with that suer computer of there's Not in 50 years. Not in 100 years. Not before our star expires. Not before the entropic end of the Universe. It's a no.
Hey, now let's not discourage these people. They will make a lot of money for energy companies and that is something to celebrate
Hmmmm... that is interesting/funny and crazy at the same time . Even if they bring a SuperComputer, they can't possibly crack it in several 100 years. And even if they do it let's say in 50 years , they will get 50 btc , 1 btc a year ? . They can mine better with that suer computer of there's
. They can mine better with that suer computer of there's Not in 50 years. Not in 100 years. Not before our star expires. Not before the entropic end of the Universe. It's a no.
I think it is possible to hack satoshi's coins, but it will take a lot of computing power and a long time to crack it. If the project does succeed in a few year's time, participants' share of the 50btc is so small that it is more profitable to use the power to do something else from the beginning.
Here they are working hard at it!!
These chinese people really have nothing else to do... These guys are either trying to cheat newbies, spreading a virus, or trying to make a botnet.
If they think they can pull it off, well... They're really funny
If they think they can pull it off, well... They're really funny
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