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I wanted to share an update regarding Multisig Cryptolator. P8trade has created an excellent guide on how to redeem it, and I’ve turned it into a dedicated webpage. To make it easily accessible, I’ve purchased the domains cryptolator.net and cryptolator.org, and the guide is now live at www.cryptolator.net.
While I’ve explored developing software to simplify the process, I encountered persistent challenges. For now, the guide represents the most reliable and secure method available.
Additionally, I’ll soon be adding a minikey-to-regular-private-key converter to the website. This tool will streamline the redemption process for users, particularly when working with Electrum or similar wallet. Stay tuned for updates!
While I’ve explored developing software to simplify the process, I encountered persistent challenges. For now, the guide represents the most reliable and secure method available.
Additionally, I’ll soon be adding a minikey-to-regular-private-key converter to the website. This tool will streamline the redemption process for users, particularly when working with Electrum or similar wallet. Stay tuned for updates!
Do you know how many are out there that still need to be redeemed?
Did you save any contact info from then sales? IIRC you were doing PayPal for some of them.
Might want to reach out to people and let them know that you are back and working on the ability to have them redeem their coins.
I could see someone having tried to redeem back in 201x or 202x and found the site down and put the coin away thinking the BTC was lost.
-Dave
I've noticed that I can't view any transactions on my PayPal account prior to 2018. I'm unsure how many are still pending redemption, but I could potentially create a script to check against my database, which contains around 500 addresses.
This past weekend, I made some progress in streamlining the process and figuring out the most efficient approach. I'll continue working on it during my free time this week.
It looks like the .net / .org / .info are available. You could always setup a clone site at one of those. Sadly there is not a lot you can do about domain squatters.
Also, just for the info is it possible to get the private key without the app?
-Dave
Also, just for the info is it possible to get the private key without the app?
-Dave
Would be important, if you unfortunately pass for some reason. How would we peel and pull if there is another process to do so?
You are 100% right ! I'll do something simple to redeem it locally, open source and on github. Give me a week approx.
WooHoo welcome back :-)
How have you been....you know for the last decade :-)
Seriously, should probably post the files on github or similar so anyone who needs then can get to them.
And I took your email out of my earlier post since you are back.
-Dave
How have you been....you know for the last decade :-)
Seriously, should probably post the files on github or similar so anyone who needs then can get to them.
And I took your email out of my earlier post since you are back.
-Dave
Haha, yeah, it’s been a while!
I’ve been doing pretty well, thanks for asking!
I’m planning to set up a GitHub and host everything there; it should be ready by the end of the week.
Unfortunately, I lost cryptolator.com a few years ago because I forgot to renew it (still kicking myself over that one).
If anyone needs help redeeming my coin, I’m more than happy to assist!
⭐ Merited by DaveF (5)
Contact me (PM) if you have issue with the withdrawal process.
...
Yeah, you are right, but the current 220+ days for ROI is a really long time. Of course if the bitcoins skyrocket to 5000$ then that would be a very different story !
Only in the crypto coin world would 'ROI' (and apparently defined here as purchase-price being recovered) in 220 days be called 'a long time'. Capital equipment purchased for any other business is usually looking at well over 1 year and more until break-even is reached... Why do you think we are allowed to write off cost of equipment/depreciation?Yeah, you are right, but the current 220+ days for ROI is a really long time. Of course if the bitcoins skyrocket to 5000$ then that would be a very different story !
Plus, if in the USA there is this Section 179 IRS deduction
You are also totally right ! 220 days is fine for ROI, problem with ASIC is the devaluation that is really fast. And when I say 220 days, it is at current dificulty. So, it's a bit difficult to predict the real ROI. I prefer video card mining since when they don't produce anymore revenue by mining, they are still valuable and could be reused for gaming. ASIC become a waste really fast compare to video cards.
Maybe you should be a bit more specific on what "stuff" you would like to get implemented.
That would make it easier to make an approximation of the time needed for completion so you can get some quote.
That would make it easier to make an approximation of the time needed for completion so you can get some quote.
Oh good idea i never thinked off that i will add what i might need in the post now thank you
Glad that my advice was helpful !
(At first I thought you were sarcastic in your reply but then I realised you really change the OP, sometime everything is just a question of perception)
Good luck in your project !
Maybe you should be a bit more specific on what "stuff" you would like to get implemented.
That would make it easier to make an approximation of the time needed for completion so you can get some quote.
That would make it easier to make an approximation of the time needed for completion so you can get some quote.
S9 is pretty old in term of ASIC. The current ROI is really high if you find one of those. They hardly make 10$ per days.
You must be really early in the game when it comes to ASIC miners...
You must be really early in the game when it comes to ASIC miners...
S9's can't get old unless a better version comes out. S9's ROI time is low because bitcoin's price is not high enough.
Don't look at other mining hardware while making comparisons. Nobody would buy L3+'s If ltc was still 4$. Same goes for eth and gpu mining.
You'll never know when will btc take its market dominance back. What'll happen to those alts then?
Yeah, you are right, but the current 220+ days for ROI is a really long time. Of course if the bitcoins skyrocket to 5000$ then that would be a very different story !
I would not advise using brainwallet, they are bruteforcecrackable (Unless you use a 14+ char password, but it would be possibly crackable in the future).
Re: [ANN] [WTS] CRYPTOPODS "Ravenbit Podified" - A new line of physical cryptocoins!
Nice minerjones, happy to see you creating your own coins now !
It certainly make me think about making a new series... I hope I'll find the time and energy to produce a new serie in the near future !
Keep up the good work !
It certainly make me think about making a new series... I hope I'll find the time and energy to produce a new serie in the near future !
Keep up the good work !
Bitcoin is the first cryptocurrency and it's name is known by quite a big chunk of the population. Ethereum is almost unknown outside of the crypto scene. Also, Ethereum has no limit supply, so it's supply will grow by 10 millions ETH every years, causing a devalue of the currency over time.
Bitcoin will stay on top for a long time IMO.
Bitcoin will stay on top for a long time IMO.