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Topic: Chinese team released software to mine Satoshi's coin - page 6. (Read 6377 times)

sr. member
Activity: 462
Merit: 250
A Chinese team just released a software, targeting to find the private key of addresses that are believed to be held by Satoshi himself.
Source: http://8btc.com/thread-18085-1-1.html

Previous discussion here
Most ppl think it's a virus, or it's impossible, pure waste of energy.



Is there an English version of this.
I can't read (nor speak) Chinese so an English version would be great.
Thanks
sr. member
Activity: 728
Merit: 256
SHA256 seems secure enough, I think they won't hack satoshi's keys in 1000 years.  Grin
Unless China is running some Quantam comuter secretly.

And it's immoral to hack others' btc addresses private keys, if they can hack those keys, no one's bitcoin address is secure, theoretically, they are just dreaming and doing evil things.  Grin
There is no point in considering evil things should not be done in financial world. If a system can not stand in front of an evil force, that system is fragile. I think the best way to secure coins is having them on a multisig generated offline. That way, even if someone stmble upon any of the private key of an address (I know the possibility calculation... but getting a real random source is the problem), the coins will stay secure.
hero member
Activity: 699
Merit: 501
At least I can link my equally hilarious, though informative, post regarding this subject here.

"How to crack a Bitcoin address"
https://bitcointalksearch.org/topic/m.10943694
sr. member
Activity: 462
Merit: 250
This is a joke and stupid.
If find a private key is that easy, there is no bitcoin any more.
legendary
Activity: 2674
Merit: 2965
Terminated.
Whoever believes this nonsense has very limited knowledge. I'm not even going to open the link as it is not necessary and it's loading very slowly for me. Why just Satoshi's coins? Why not hack every major exchange and take all Bitcoin?
Even if someone had the software/power to do this, why would they do it? As soon as this happened the price would crash to zero.
Besides claiming to beat SHA256 is big deal. The banks would probably come and assassinate you, among other things.
sr. member
Activity: 350
Merit: 250
No body will take it serious! I think it is just some fun for the tech geeks.If the software author can can crack the private, he would be millionaire and wouldn't share with us.
hero member
Activity: 605
Merit: 500
Could you please explain in general terms the technical procedure of this effort? Are they going to reverse engineer his public key somehow? Or will they gather enough hashing power and speed to eventually generate the same key pair? Wish I could read Chinese  Undecided
legendary
Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
If they lucky enough.. they might be able to find the private key. However.. even if they find it.. No one will be using Bitcoin since it is insecure.

So, what's the point of finding it if you can't sell it for a good price?
hero member
Activity: 840
Merit: 1000
A Chinese team just released a software, targeting to find the private key of addresses that are believed to be held by Satoshi himself.
Source: http://8btc.com/thread-18085-1-1.html

Previous discussion here
Most ppl think it's a virus, or it's impossible, pure waste of energy.


LMAO, interesting, I just wonder how many times they should run for satoshi's private key?

SHA256 seems secure enough, I think they won't hack satoshi's keys in 1000 years.  Grin

And it's immoral to hack others' btc addresses private keys, if they can hack those keys, no one's bitcoin address is secure, theoretically, they are just dreaming and doing evil things.  Grin
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Interesting...
legendary
Activity: 1621
Merit: 1000
news.8btc.com
A Chinese team just released a software, targeting to find the private key of addresses that are believed to be held by Satoshi himself.
Source: http://8btc.com/thread-18085-1-1.html

Previous discussion here
Most ppl think it's a virus, or it's impossible, pure waste of energy.

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