Post
Topic
Board Bitcoin Discussion
Re: Open wallet with 0.09252 BTC ?
by
Quickseller
on 09/07/2015, 06:25:16 UTC
Open wallet found with 0.09252 BTC ?

https://blockchain.info/address/16ga2uqnF1NqpAuQeeg7sTCAdtDUwDyJav

private key: 5JXvHQfGHxUffo8BLRG1RBecRCZ2Jygtx5cNSiZoyk5Zcmhsdso

when you try to move the BTC, here is error message Wink

Insufficient Funds
This transaction cannot be sent because there are insufficent funds available. This may be due to additional miners fees or unconfirmed transactions.
The transaction can either be cancelled. Or the amount to send can be adjusted to match the maximum amount available to send.

You aren't an alt of one of the people behind the spam transactions on the blockchain are you? There have been a number of threads, both on here and on reddit of people posting the private keys of addresses with large amounts of bitcoin that is unspent, but whose addresses have very small inputs making it very difficult to ever spend

could you explain to me how does small inputs matters? I always thought you could spend the money in a wallet if you have private key regardless of anything

thanks
I was referring to size in terms of BTC.

Generally speaking, each input is the same size in terms of how many bites it would take to spend in a transaction, and as a result, each input will cost roughly the same to spend in terms of recommended transaction fees. When you have a large number of inputs that are very small (in terms of BTC size) then such inputs will often cost more in (recommended) tx fees then the value of the input themselves.

By making the private keys of these addresses with large numbers of very small inputs public, whoever is behind the spam attack is likely attempting to get people to attempt to spend the funds "in" the addresses, causing additional traffic in the network.

The ultimate solution is obviously to quickly increase the block size in order to alleviate the massive size of the mempool and to make such attacks uneconomical.