Ninjastic
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Re: Bitcoin as "shalecoin"
by
hugeblack
on 23/04/2019, 10:04:05 UTC
⭐ Merited by vapourminer (1)
Quote from: Shalecoin on April 21, 2019, 04:23:13 PM
"Don't send to 1BitcoinEaterAddressDontSendf59kuE. These coins are lost."

One day computers will be able to hash the privatekey for this address or for addresses with no access to it. Therefore coins should be removed after mining from the coinbase address to show that someone has access to it. Otherwise they are shalecoins waiting to be "remined" or "fracked" one day.
No one can Hack Bitcoin addresses, only guessing.
If you're lucky and have a lot of high-speed computing, "do not forget the costs of buying those devices, electricity, plus cooling." You need thousands of millions of years before you can guess the address correctly.
This user @Sahar Wayne has made calculations based on this computer [Sunway TaihuLight] ((a Chinese supercomputer which, as of November 2016, is ranked number one in the TOP500 list as the fastest supercomputer in the world)) you need about ~ 5194882658574989737995779322992527357514014.0710380707 Years [1].


[1] Is it possible for someone to guess a private key to a Bitcoin wallet and steal the coins?
I did not understand what you mean correctly but if you mean the impossibility of restoring those currencies send it to an OP_RETURN output. "No pvt key"