I once saw a man teaching us how to mine manually on YouTube, I'll look for the video.
You meant this one https://www.youtube.com/watch?v=y3dqhixzGVo?
That person is able to produce a whopping 0.67 hash per day.
Topic: Is it possible to physically generate a private key + BTC address? (Read 1710 times)
January 21, 2015, 04:12:48 AM
You meant this one https://www.youtube.com/watch?v=y3dqhixzGVo?
That person is able to produce a whopping 0.67 hash per day.
January 19, 2015, 08:13:27 AM
one question : why you want to to generate a paper wallet using only paper and pen ? any real reason ? its a crypto currency u need a computer
January 17, 2015, 07:29:29 AM
I once saw a man teaching us how to mine manually on YouTube, I'll look for the video.
January 17, 2015, 02:48:01 AM
... I mean, without using a computer, in other words, how to generate a paper wallet using only paper and pen, or is it impossible?
How is that even possible , if it was possible, everyone then can get Private key just from the Public key which is your BTC adress
In theory the public address can be manually calculated based on the private key however it would not be recommended to do so because if you make a mistake and have an output of an incorrect address then you could end up sending money to an address that you do not control the private key to
January 16, 2015, 01:54:46 PM
Ok, I just bought a brand new HD intended exclusively for bitcoins. I intend to install windows 8 on it, and then some software to generate the address. Which software should I use?
And yes I know the whole process must happen offline, and I also intend to format both my HD and pen-drive right after noting down the address. Is this safe enough?
And yes I know the whole process must happen offline, and I also intend to format both my HD and pen-drive right after noting down the address. Is this safe enough?
May be my question comes a bit too late as you have already bought a new harddisk, but why didn't you buy a hardware wallet instead? To my understanding, a hardware wallet is as safe as a safely created paper wallet.
I didn't buy a hardware wallet because I didn't find one anywhere in my country, even online.
January 16, 2015, 07:31:57 AM
How long would the dice technique take to complete? you would need a 16 sided hexadecimal dice though right?
Not necessarily. A normal 6-sided fair dice would work https://bitcointalksearch.org/topic/m.3197393.
Or you can toss a fair coin 256 times.
January 16, 2015, 06:50:39 AM
How long would the dice technique take to complete? you would need a 16 sided hexadecimal dice though right?
January 16, 2015, 06:48:03 AM
Ok, I just bought a brand new HD intended exclusively for bitcoins. I intend to install windows 8 on it, and then some software to generate the address. Which software should I use?
And yes I know the whole process must happen offline, and I also intend to format both my HD and pen-drive right after noting down the address. Is this safe enough?
And yes I know the whole process must happen offline, and I also intend to format both my HD and pen-drive right after noting down the address. Is this safe enough?
May be my question comes a bit too late as you have already bought a new harddisk, but why didn't you buy a hardware wallet instead? To my understanding, a hardware wallet is as safe as a safely created paper wallet.
January 16, 2015, 06:42:44 AM
... I mean, without using a computer, in other words, how to generate a paper wallet using only paper and pen, or is it impossible?
How is that even possible , if it was possible, everyone then can get Private key just from the Public key which is your BTC adress
Private key is just a 256-bit random number, so you can create a new private key when you have a source of randomness (eg. dice, coin toss, radioactive decay, whatever)
FYI: https://bitcointalksearch.org/topic/dice-generated-random-numbers-and-conversion-into-privatepublic-key-pair-297077
Turning the private key to a bitcoin address is theoretically feasible with just paper and pen, but the process would be incredibly tedious and you would likely make a mistake somewhere in between.
FYI: https://en.bitcoin.it/wiki/Technical_background_of_Bitcoin_addresses
January 16, 2015, 05:51:33 AM
... I mean, without using a computer, in other words, how to generate a paper wallet using only paper and pen, or is it impossible?
How is that even possible , if it was possible, everyone then can get Private key just from the Public key which is your BTC adress
January 16, 2015, 05:45:17 AM
BTW, if anyone would be kind enough, what software should I use, once I have my completely offline system, to generate a truly random address + key?
You can just use the bitcoin core if you want to use software its easy to install and quick and it will generate a few addresses.
January 16, 2015, 05:29:25 AM
BTW, if anyone would be kind enough, what software should I use, once I have my completely offline system, to generate a truly random address + key?
January 16, 2015, 05:24:49 AM
How are you going to securely transfer existing bitcoins to your newly created address(es)? Why don't you have any worries about that?
My initial worry is to create an address with a private key impossible to be stolen online. Once that's done I will need to buy bitcoins to that address, and of course I will try to find out a secure way to do that, but I think it's all about whether or not the seller will deliver the BTC I paid for, which can be predicted by his reputation.
The next worry is about spending the BTC, but I don't plan to do that anytime soon.
January 15, 2015, 08:47:03 PM
Of course it's possible. It's pretty easy to create the entropy with a 16-sided die or even only a classic 6-sided one. The complicated thing is performing the hashing functions used in order to obtain your public key and, thus your Bitcoin-address. That is supposed to take you a couple of weeks if done by hand, if I remember correctly...
January 15, 2015, 08:17:03 PM
Think I'm going to try the dice method and see how it goes should learn a little more about bitcoin that way too
January 15, 2015, 07:24:33 PM
Ok, I just bought a brand new HD intended exclusively for bitcoins. I intend to install windows 8 on it, and then some software to generate the address. Which software should I use?
And yes I know the whole process must happen offline, and I also intend to format both my HD and pen-drive right after noting down the address. Is this safe enough?
And yes I know the whole process must happen offline, and I also intend to format both my HD and pen-drive right after noting down the address. Is this safe enough?
Formatting a drive doesn't clean it. You need to securely delete the files you placed on that new drive with a good drive-wiper or file-shredder. You can get a free one from Microsoft - http://technet.microsoft.com/en-us/sysinternals/bb545046 called SDelete. It's a command line though and you'll have to learn the options but it's very compact ~80kb
How are you going to securely transfer existing bitcoins to your newly created address(es)? Why don't you have any worries about that?
January 15, 2015, 03:14:50 PM
Ok, I just bought a brand new HD intended exclusively for bitcoins. I intend to install windows 8 on it, and then some software to generate the address. Which software should I use?
And yes I know the whole process must happen offline, and I also intend to format both my HD and pen-drive right after noting down the address. Is this safe enough?
And yes I know the whole process must happen offline, and I also intend to format both my HD and pen-drive right after noting down the address. Is this safe enough?
legendary
Activity: 1302
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Core dev leaves me neg feedback #abuse #political
January 15, 2015, 09:09:49 AM
So from what I currently understand, I will need to buy a hd, but it's a shame I didn't find a costless, easy and safe way to generate a paper wallet.
if you want true cold storage, then pretty much yes. however a safe alternative is to disconnect your computer from the Internet... used dice,coins, or cards to generate your seed or private keys,...print out your wallet... and then reformat your hard drive and reinstall your os.
that way you do not have to buy another hard drive.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
January 15, 2015, 09:07:02 AM
Thank you, guys. From what i read, I've reached the conclusion that it's not worthy to physically generate a paper wallet.
Which means I instead want to generate it from an offline software. But the problem with that is I want one totally safe. And as long as my system will later connect to the internet, I believe there is no software completely safe to generate my address and key, because a malware could record them.
So I either need to format my hd right after generating the address, which I don't want to do, or I need to buy a new hd JUST to generate a BTC address (ok and later perhaps use armory when I want to spend the btc, which is not anytime soon).
So from what I currently understand, I will need to buy a hd, but it's a shame I didn't find a costless, easy and safe way to generate a paper wallet.
Which means I instead want to generate it from an offline software. But the problem with that is I want one totally safe. And as long as my system will later connect to the internet, I believe there is no software completely safe to generate my address and key, because a malware could record them.
So I either need to format my hd right after generating the address, which I don't want to do, or I need to buy a new hd JUST to generate a BTC address (ok and later perhaps use armory when I want to spend the btc, which is not anytime soon).
So from what I currently understand, I will need to buy a hd, but it's a shame I didn't find a costless, easy and safe way to generate a paper wallet.
You can just use live ubuntu CD to launch MultiBit, print the paper wallet and then shut down the computer. I did the same.
When you run live ubuntu CD, make sure to not connect to internet.
not true cold storage but I've seen worse .
January 15, 2015, 06:47:26 AM
Thank you, guys. From what i read, I've reached the conclusion that it's not worthy to physically generate a paper wallet.
Which means I instead want to generate it from an offline software. But the problem with that is I want one totally safe. And as long as my system will later connect to the internet, I believe there is no software completely safe to generate my address and key, because a malware could record them.
So I either need to format my hd right after generating the address, which I don't want to do, or I need to buy a new hd JUST to generate a BTC address (ok and later perhaps use armory when I want to spend the btc, which is not anytime soon).
So from what I currently understand, I will need to buy a hd, but it's a shame I didn't find a costless, easy and safe way to generate a paper wallet.
Which means I instead want to generate it from an offline software. But the problem with that is I want one totally safe. And as long as my system will later connect to the internet, I believe there is no software completely safe to generate my address and key, because a malware could record them.
So I either need to format my hd right after generating the address, which I don't want to do, or I need to buy a new hd JUST to generate a BTC address (ok and later perhaps use armory when I want to spend the btc, which is not anytime soon).
So from what I currently understand, I will need to buy a hd, but it's a shame I didn't find a costless, easy and safe way to generate a paper wallet.
You can just use live ubuntu CD to launch MultiBit, print the paper wallet and then shut down the computer. I did the same.
When you run live ubuntu CD, make sure to not connect to internet.
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