Topic: Destroying bitcoin, by coin, by coin... - page 6. (Read 15743 times)
The OP can apparently short-sell the bitcoin and put his money where his mouth is.
When will someone send me some bitcoins so I can experience the joy of destroy them?
what a bunch of hogwash.
you don't get 5BTC/week with 700 Mh/sec.
and:
Miner is running on 12 PC's at the moment, total hashing power close to 700 Mhash.
there isn't a "medium sized insurance company" on earth, european or otherwise, that has desktops capable of 58 Mh/sec (700/12). they all have integrated video on the motherboard, and it's doubtful any business-class desktop will generate 10 Mh/sec. i've got a quad-core Athlon that gets 10. an average business-class machine will probably get about five-seven.
it might have been slightly believable if the business was claimed to be an animation studio or something. but an insurance office?
bullshit.
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It litterally takes us no more than a minute every week. Delete the wallet.dat and create a fresh one and another 5 coins or so are gone forever
you don't get 5BTC/week with 700 Mh/sec.
and:
Miner is running on 12 PC's at the moment, total hashing power close to 700 Mhash.
there isn't a "medium sized insurance company" on earth, european or otherwise, that has desktops capable of 58 Mh/sec (700/12). they all have integrated video on the motherboard, and it's doubtful any business-class desktop will generate 10 Mh/sec. i've got a quad-core Athlon that gets 10. an average business-class machine will probably get about five-seven.
it might have been slightly believable if the business was claimed to be an animation studio or something. but an insurance office?
bullshit.
12 rigs = 750 Mhash/s?
Ain't that pretty sucky?
Ain't that pretty sucky?
Send me the BitCoin and i'll destroy it for you.. LOL!
1) You cannot destroy Bitcoins, you can only lose them (and they CAN be found, albeit with difficulty)
Uhh... Could you please give some info about finding lost bitcoins?
Sure. Whenever your bitcoin client creates a new address, it randomly creates a public/private keypair of one of the 2^160 possible addresses.
If (and it's a HUGE if, with a VERY low probability, but it's not ZERO) you create a public/private keypair that someone else has already created, you'll have access to the coins in that address in the block chain.
Elsewhere in the forum someone was working on a program that would generate approximately 80,000 bitcoin addresses per second.
At that rate you can create 80,000 * 31536000 (seconds/year) = 2,522,880,000,000 (2.5 Trillion) addresses a year.
However, you'd have to run that for 5.7929891129617856×10^35 years, to exhaust all of the address space.
And of course, you'd have to have a client that could handle that many addresses, which I doubt the default client can do. So, you'd have to come up with a way to check them all in the block chain to see if they are valid, which would slow down your rate.
It's a big number. So, the odds of two people colliding with the same address are astronomically tiny.
You'd be better off using vanity ID creation code to try to create a specific address, at least then if/when you found it, you'd know it.
The 20 seconds or so it takes to bootup my PC drives me nuts. No way in hell I'd sit around for a minute to destroy something that has no meaning to me. This guy is obviously either trolling, or a poor worker with too much time on his hands (that his company is paying for). I must admit, it would be pretty funny to see this guy explain his way out of crap if/when he gets caught utilizing massive co. resources for personal use (profit or not, the company would still be pissed).
Then again, the guy could be like me and have the skill-set to smooth talk his way out of anything, but it's more fun to contemplate his demise over something so trivial.
Then again, the guy could be like me and have the skill-set to smooth talk his way out of anything, but it's more fun to contemplate his demise over something so trivial.
...how easily they can be destroyed. It litterally takes us no more than a minute every week...
I am shocked... at the fact that it takes a minute to delete a file, lol.
Sounds like a great idea!
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Alfred Pennyworth: A long time ago, I was in Burma, my friends and I were working for the local government. They were trying to buy the loyalty of tribal leaders by bribing them with precious stones. But their caravans were being raided in a forest north of Rangoon by a bandit. So we went looking for the stones. But in six months, we never found anyone who traded with him. One day I saw a child playing with a ruby the size of a tangerine. The bandit had been throwing them away.
Bruce Wayne: Then why steal them?
Alfred Pennyworth: Because he thought it was good sport. Because some men aren't looking for anything logical, like money. They can't be bought, bullied, reasoned or negotiated with. Some men just want to watch the world burn.
Bruce Wayne: Then why steal them?
Alfred Pennyworth: Because he thought it was good sport. Because some men aren't looking for anything logical, like money. They can't be bought, bullied, reasoned or negotiated with. Some men just want to watch the world burn.
So you're just an anarchist that likes destroying what other people labor to create.
Pretty indicative of someone who has no skill or ability to create value on their own.
I would love the experience of destroying bitcoins. Do me a favor, send me all your bitcoins and I will help you destroy them. Address at the bottom ...
Bitcoin addresses do not get "reserved" when they are generated, it is just astronomically unlikely to generate one that has been used before. In theory, you could keep generating new addresses until you hit one that has coins in it, but as SgtSpike said this would be much more difficult than finding valid blocks.
Huh... So, technically, it is possible to get into any ones wallet like that? That's fun)
It's also technically possible for me to call your bank, guess your account number, guess your social security or other credentials, guess the right answer(s) to the security question(s) they ask, etc.
Guessing your keypair/address is no different. It can be done, it's just so astronomically unlikely that you'll guess correctly that even at GPU speeds you'll be guessing for longer than the coins are likely to stay in that wallet (read: longer than I, and several generations of my descendants am/are likely to live).
Bitcoin addresses do not get "reserved" when they are generated, it is just astronomically unlikely to generate one that has been used before. In theory, you could keep generating new addresses until you hit one that has coins in it, but as SgtSpike said this would be much more difficult than finding valid blocks.
Huh... So, technically, it is possible to get into any ones wallet like that? That's fun)
I think someone mentioned in another thread that the possibility of finding a previously used address with running the calculations on a 5870 was equal to the possibility of a person winning the lottery 100 days in a row. Basically, it will NEVER happen.
Bitcoin addresses do not get "reserved" when they are generated, it is just astronomically unlikely to generate one that has been used before. In theory, you could keep generating new addresses until you hit one that has coins in it, but as SgtSpike said this would be much more difficult than finding valid blocks.
Huh... So, technically, it is possible to get into any ones wallet like that? That's fun)
It would take billions of years of utilizing the entire GPU force we have mining bitcoins to do it. I wouldn't count on finding any lost coins anytime soon.
Oh. I see. Well, it would be nice to know the theory though.
Bitcoin addresses do not get "reserved" when they are generated, it is just astronomically unlikely to generate one that has been used before. In theory, you could keep generating new addresses until you hit one that has coins in it, but as SgtSpike said this would be much more difficult than finding valid blocks.
1) You cannot destroy Bitcoins, you can only lose them (and they CAN be found, albeit with difficulty)
Uhh... Could you please give some info about finding lost bitcoins?
Oh. I see. Well, it would be nice to know the theory though.
1) You cannot destroy Bitcoins, you can only lose them (and they CAN be found, albeit with difficulty)
Uhh... Could you please give some info about finding lost bitcoins?
1) You cannot destroy Bitcoins, you can only lose them (and they CAN be found, albeit with difficulty)
Uhh... Could you please give some info about finding lost bitcoins?
I tried to resist feeding the Troll. I can't.
1) You cannot destroy Bitcoins, you can only lose them (and they CAN be found, albeit with difficulty)
2) With 700Mhash/sec, you're no where close to causing any real harm, you're losing what? 52 coins a year? Who cares, there are 21,000,000.
3) Every coin you lose, increases the value of the coins left in the network. I applaud your efforts.
4) You are INCREASING the liklihood that coins will be found by deleting your wallet.dat; because you're increasing the number of addresses that have lost coins on them. You'd be better off having all of your miners send them to a single address who's wallet.dat you've already erased, just saying.
Welcome to Bitcoin.
1) You cannot destroy Bitcoins, you can only lose them (and they CAN be found, albeit with difficulty)
2) With 700Mhash/sec, you're no where close to causing any real harm, you're losing what? 52 coins a year? Who cares, there are 21,000,000.
3) Every coin you lose, increases the value of the coins left in the network. I applaud your efforts.
4) You are INCREASING the liklihood that coins will be found by deleting your wallet.dat; because you're increasing the number of addresses that have lost coins on them. You'd be better off having all of your miners send them to a single address who's wallet.dat you've already erased, just saying.
Welcome to Bitcoin.
Wow. Given that you are mining with 12 machines and only getting 700Mh/s, you're mining REALLY inefficiently. At 52 machines you'll only be pulling about 3Gh/s, assuming your Mh/s scales linearly. By contrast, I'm only using 5 machines and pulling about 10Gh/s.
This is you:
And it makes me laugh.
This is you:
And it makes me laugh.
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