I need help, I use UPHOLD wallet and I wanted to buy an antminer s9 in the page of
www.bitmain.com they told me a bitcoin cash wallet and when to pay and send the money to that bitcoin cash address, by mistake send bitcoin for 1450 dollars, and they could not confirm the payment. And now I do not know what to do?. where is my money. uphold gave me a blockchain confirmation address and the transfer appears but as (not spent) but neither bitmain.com nor uphold has given me a reply. I did this on Friday, November 17 and today, Monday, November 20, I have not received a response. What should I do? they can help me, they are 1450 dollars and I do not want to lose them.
So the problems is that you sent BTC (Bitcoin) to a BCH (Bitcoin Cash) address?
Well, on that case... you may be out of luck. I don't know exactly what happens when someone does that, but I guess that you sent the money into an address that doesn't exist in the BTC chain, and I don't really know the effect of doing that.
Im asking achow which probably know this: If you generate a BCH address, and send BTC on this address, since the generation and format of the address are the same... wouldn't this be a valid BTC address? so the result would be that he sent it to an address that nobody controls? Im not really sure, but I have heard endless stories of noobs lossing their money by sending BTC to BCH addresses and reverse, and im not sure if they were able to recover their money. This is another reason BCH is scammy, they didn't even bother creating their own address format.
Yes, the adress will be valid on both chains, unless you generated a bitcoin segwit adress, and send bitcon cash to it, which is not the case here. (Bitcoin Cash doesn't use segwit =/= isn't compatible. )
If i understand correctly, OP sent 1450$
BTC to a Bitmain
BTCCash adress.
If bitmain controls their own private keys ( which i assume they do ), they will have access to the bitcoin you sent them. Open a support ticket and see if they are willing to help you.
They're the only way to get your money back.
But how can Antpool have these bitcoins if they never generated that receiving address?
If you generate a receiving address in the Bitcoin Cash chain, this address, even if exact in format to the real Bitcoin chain, it's not sitting on the same chain isn't it?
Even if he could export this key into a real Bitcoin wallet, the transaction would have never happened on the real Bitcoin chain so the funds for it would be 0... correct me if im wrong.
You're indeed wrong, as how i understand it:
The adress + privat key formats are exactly the same, which means they will also refer to the same ( private ) keys.
Therefore, an adress generated on chain X ( bitcoin cash) with private keys X will have the same private keys as on Chain Y ( "OG" Bitcoin chain ).
It doesn't matter if they're on the same chain or not, the adress will still be valid.
My explanation is a bit sluggish. Not sure how to improve it..
Yes, I can understand that, but what I cannot understand is the following:
I am Bitmain, accepting BCH only transactions for Antminers.
I create receiving addresses on my BCH wallet.
OP sends me 1 BTC to buy an Antminer by mistake, from his Bitcoin wallet.
This transaction happens thought the Bitcoin blockchain, which means it never happened in the BCash blockchain.
How can Bitmain access that 1 BTC? Can he import his BCH recieving address on a BTC wallet and access it?
I don't get it, it would have needed to be broadcasted on both blockchains for you to access them. If you could access them on both then you could double spend.
Im missing something here.