The other thread is depreciated?
So, being new here in general as well as this thread I may just be ignorant but I have to ask.
If the goal of this project is to find collisions and the best way to find one is if an "owner" comes forward claiming their wallet was stolen by LBC, then why is the LBC only searching addresses that have balances "up to 1 Satoshi"? Especially given that the average bitcoin holder has a balance of 2 bits (0.0002 btc)?
I get the whole "we are searching for collisions, not trying to crack wallets" but it seems to me that you get just as many abandoned wallets with small balances as you do with large balances and that the ideal search space should be in the average balance range of 2 bits. (For that matter I would crank the number up to the 20-150 bit range considering that a guy with $20 or more in it is a lot more likely to seek out why his btc have gone missing)
I have read the entire thread as well as have used the search box and Google, however I have yet to come to an answer for this seemingly obvious question.
Edit: According to the "trophies" page the balances are 0.1 to 79 bits (0.00001 to 0.0079 btc) not 1 Satoshi? Regardless the question remains the same.
You are confused. The bits mentioned on the trophies page refer to the search space, not Bitcoin value.
Here is what you need to know:
1 Bitcoin = 1 BTC
1 Satoshi = 0.00000001 BTC
1 BTC = 100,000,000 Satoshi
On the statistics page here: https://lbc.cryptoguru.org/stats
keys per day: 282.21 tn
total keys generated: 19498.14 tn
pages on directory.io 152329.19 bn
search space covered: 54.11 of 160 bits
search space in 1y: 56.77 bits
Means:
tn = trillion
bn = billion
search space covered of 54.11 bits means LBC has tried 2
54.11 private keys (about 19,441,647,535,076,223)
search space in 1y: 56.77 bits means at the current rate they will cover 2
56.77 private keys in the next year.
On the trophies page you mentioned that "bit" was used. I only see one reference to the word "bit" and it is:
A manual revisit of the 38-42 bit search space revealed these private keys
Which simply means they were searching private keys with values from 2
38 through 2
42Where are you getting your very confusing definition of "bit", trying to make it equal to 0.0001 BTC ? I have never seen that in all my years.
There was a push to call one millionth of a BTC a "bit" in the distant past. But that really is not what you are talking about here.
Are you trying to use the antiquated definition of 1 bit = $0.125 ? That would be really strange.