Post
Topic
Board Bitcoin Discussion
Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it
by
lll2012
on 20/03/2024, 10:18:17 UTC
It makes sense, but as soon as some amateur person finds the wallet password, he will send it to his own address and others will steal it. The important thing is to have this awareness

Absolutely, thats why I posted it.

In my opinion any other method than "shadow mining" has a too high risk of going wrong:
  • Broadcast at low-traffic times: You don't know when the next block will be mined. Could be seconds or minutes away (which would give enough time for the attack).
  • Set the "do not RBF": You don't know if the miners will honor this field or not. It also does not help against an attacker simply inserting a double spend transaction.
  • Double spend risk: It seems every miner uses its own metric to determine the valid transaction. Based on fee will end up in a bidding war. Based on timestamp can work but you don't know which metric the miner will use.

So just making a "normal" transaction is much too high risk and I think everyone working on this puzzle should be very aware of that and have a solid plan in case of winning the lottery!