Post
Topic
Board Development & Technical Discussion
Re: BitCrack - A tool for brute-forcing private keys
by
WanderingPhilospher
on 04/02/2021, 15:37:57 UTC
Need Advice on a Risk Management Question ?
So when we eventually  Grin find the Private Key using BitCrack for any of these Bitcoin challenge transactions,
What will be the best/safest method to import the private key into your own wallet in the quickest possible time ?
eg : To an Exodus Digital Hot wallet or to a cold storage offline wallet or bitcoin core address

I heard that its possible to use transaction fees to redirect an import of private keys to another wallet
since there will be so many hackers sniffing for transactions/keys from these wallets trying to intercept transfers.
Is this possible or highly unlikely ?

Thanks  Wink

You just have to sweep the private key into a mixer (such as Chipmixer) and then import the resulting private keys it gives you into an empty Electrum or Bitcoin Core wallet. A good mixer offers complete privacy from sniffers.

Never ever store large sums of bitcoin in a hot wallet. It's better in that case to send them to an offline wallet on an airgapped computer.
So by using Chipmixer, does it change the private key instantly? The fear/question has always been, if someone finds the key to #64 and moves it, someone can use the kangaroo and solve it within seconds and gain the private key and give higher trans fee and move it to their own wallet. Make sense?