what's up with this address? | Bitcointalksearch.org

malaimult

hero member

Activity: 658

Merit: 500

Quote from: John (John K.) on December 13, 2014, 02:21:56 PM

Quote from: cakir on December 13, 2014, 02:10:10 PM

Imagine your wallet has 100$

You went to store and bought a few apples and paid 5$ for that.

Does All of your money disappears from your wallet? Or 95$ are still in your wallet?

When you answer that, you'll understand this transaction...

Or like, your wallet has a $100 bill, you paid $5 for the stuff using the $100 bill, and you get change back in form of other bills to the same address. For anonymity issues, change is usually sent to a fresh address in most clients. (and thus the onlooker would not know which one was the change)

Having change sent back to the same address is more common with vanity addresses and other addresses that is associated with a charity/other influential entity (for example bitmixer signs a message confirming the terms of where they will mix coins received with their 'official' 1bitmixer.... address and have activity through the address so even if you could mine a similar address you would also need to fake the "TX traffic" in and out of the address)

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: cakir on December 13, 2014, 02:10:10 PM

Imagine your wallet has 100$

You went to store and bought a few apples and paid 5$ for that.

Does All of your money disappears from your wallet? Or 95$ are still in your wallet?

When you answer that, you'll understand this transaction...

Or like, your wallet has a $100 bill, you paid $5 for the stuff using the $100 bill, and you get change back in form of other bills to the same address. For anonymity issues, change is usually sent to a fresh address in most clients. (and thus the onlooker would not know which one was the change)

cakir

legendary

Activity: 1274

Merit: 1000

★ BitClave ICO: 15/09/17 ★

Imagine your wallet has 100$

You went to store and bought a few apples and paid 5$ for that.

Does All of your money disappears from your wallet? Or 95$ are still in your wallet?

When you answer that, you'll understand this transaction...

elephantas1

sr. member

Activity: 378

Merit: 250

all addresses work the same how did you spot only one?

bitllionaire

legendary

Activity: 1120

Merit: 1000

You should learn how bitcoin transactions work!

bitcoins are in someting like blocks and you have to split them to send

calci

full member

Activity: 168

Merit: 100

www.secondstrade.com - 190% return Binary option

Quote from: Jamie_Boulder on December 13, 2014, 10:25:51 AM

When I first noticed this I thought someone accidentally sent me a bunch of coins (friend was trolling me) so I defiantly don't blame you for thinking the same Tongue

Something similar happened to me. But that time, my multibit had 2 addresses in the same wallet for me. After I sent like 0.002 to some site, the rest of the balance got sent to the 2nd address. I was just looking at the block chain, and I was like, where did all my money go :O It doesn't show in my address.
Just later, I realized, there was a second address to which it had been sent.

Jamie_Boulder

sr. member

Activity: 378

Merit: 250

When I first noticed this I thought someone accidentally sent me a bunch of coins (friend was trolling me) so I defiantly don't blame you for thinking the same Tongue

calci

full member

Activity: 168

Merit: 100

www.secondstrade.com - 190% return Binary option

Its just what bitbaby said. Everytime, you send money to someone, it sends to your own wallet back as well.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: botany on December 13, 2014, 03:29:03 AM

Quote from: shorena on December 12, 2014, 04:12:58 AM

Probably someone handling some sort of payouts, probably belongs to a service of sorts. ~2000 TX in ~2 hours is a bit much for a person I think.

It started here [1] 42 blocks ago with ~78 BTC

[1] https://www.blocktrail.com/BTC/tx/4f5c4019383827467654a0ab4e692bf96de42ce319743585449f4c20fb012523

It could have sent the amounts out in a single transaction, if the output addresses were not determined in a sequential order.
No reason to process 2000Tx in 2 hours.

Usually customers dealing with BTC expect instant payout and not 2 hours later. While it might make more sense to collect transactions from a fee point of view it might cost you in customers.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: shorena on December 12, 2014, 04:12:58 AM

Probably someone handling some sort of payouts, probably belongs to a service of sorts. ~2000 TX in ~2 hours is a bit much for a person I think.

It started here [1] 42 blocks ago with ~78 BTC

[1] https://www.blocktrail.com/BTC/tx/4f5c4019383827467654a0ab4e692bf96de42ce319743585449f4c20fb012523

It could have sent the amounts out in a single transaction, if the output addresses were not determined in a sequential order.
No reason to process 2000Tx in 2 hours.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Probably someone handling some sort of payouts, probably belongs to a service of sorts. ~2000 TX in ~2 hours is a bit much for a person I think.

It started here [1] 42 blocks ago with ~78 BTC

[1] https://www.blocktrail.com/BTC/tx/4f5c4019383827467654a0ab4e692bf96de42ce319743585449f4c20fb012523

bitbaby

hero member

Activity: 812

Merit: 1000

Quote from: theboarderdude on December 11, 2014, 11:14:32 PM

https://blockchain.info/address/1M5Cyj5jJzDszmAs5wVvz1cXxCvGENaVrN

Appears that it's send a large portion to itself, and a much smaller portion to a random address each time. Is it a hack?

Thats how bitcoin transactions work. The balance in an account is called "unspent output" and you always send that output as a whole, you cannot break an output into smaller pieces. So if your balance is say 0.1 BTC and you send 0.05 to someone. The whole 0.1 is "spent" and you get the 0.05 "change" sent back to you.

Envrin

sr. member

Activity: 318

Merit: 251

It's sending change back to itself.

theboarderdude

newbie

Activity: 13

Merit: 0

https://blockchain.info/address/1M5Cyj5jJzDszmAs5wVvz1cXxCvGENaVrN

Appears that it's send a large portion to itself, and a much smaller portion to a random address each time. Is it a hack?

Topic: what's up with this address? (Read 1278 times)