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Bitcoin => Bitcoin Discussion => Topic started by: hl5460 on May 03, 2015, 08:51:01 AM



Title: Chinese team released software to mine Satoshi's coin
Post by: hl5460 on May 03, 2015, 08:51:01 AM
A Chinese team just released a software, targeting to find the private key of addresses that are believed to be held by Satoshi himself.
Source: http://8btc.com/thread-18085-1-1.html

Previous discussion here (http://8btc.com/thread-17221-1-1.html)
Most ppl think it's a virus, or it's impossible, pure waste of energy.



Title: Re: Chinese team released software to mine Satoshi's coin
Post by: tokeweed on May 03, 2015, 09:00:41 AM
Interesting...


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: fox19891989 on May 03, 2015, 09:19:16 AM
A Chinese team just released a software, targeting to find the private key of addresses that are believed to be held by Satoshi himself.
Source: http://8btc.com/thread-18085-1-1.html

Previous discussion here (http://8btc.com/thread-17221-1-1.html)
Most ppl think it's a virus, or it's impossible, pure waste of energy.


LMAO, interesting, I just wonder how many times they should run for satoshi's private key?

SHA256 seems secure enough, I think they won't hack satoshi's keys in 1000 years.  ;D

And it's immoral to hack others' btc addresses private keys, if they can hack those keys, no one's bitcoin address is secure, theoretically, they are just dreaming and doing evil things.  ;D


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: jacktheking on May 03, 2015, 09:29:28 AM
If they lucky enough.. they might be able to find the private key. However.. even if they find it.. No one will be using Bitcoin since it is insecure.

So, what's the point of finding it if you can't sell it for a good price?


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: vm_mpn on May 03, 2015, 09:31:06 AM
Could you please explain in general terms the technical procedure of this effort? Are they going to reverse engineer his public key somehow? Or will they gather enough hashing power and speed to eventually generate the same key pair? Wish I could read Chinese  :-\


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Miracal on May 03, 2015, 09:31:32 AM
No body will take it serious! I think it is just some fun for the tech geeks.If the software author can can crack the private, he would be millionaire and wouldn't share with us.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Lauda on May 03, 2015, 09:39:29 AM
Whoever believes this nonsense has very limited knowledge. I'm not even going to open the link as it is not necessary and it's loading very slowly for me. Why just Satoshi's coins? Why not hack every major exchange and take all Bitcoin?
Even if someone had the software/power to do this, why would they do it? As soon as this happened the price would crash to zero.
Besides claiming to beat SHA256 is big deal. The banks would probably come and assassinate you, among other things.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Agestorzrxx on May 03, 2015, 09:39:52 AM
This is a joke and stupid.
If find a private key is that easy, there is no bitcoin any more.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: NyeFe on May 03, 2015, 09:46:08 AM
At least I can link my equally hilarious, though informative, post regarding this subject here.

"How to crack a Bitcoin address"
https://bitcointalk.org/index.php?topic=1008489.msg10943694#msg10943694


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: SpanishSoldier on May 03, 2015, 10:04:22 AM
SHA256 seems secure enough, I think they won't hack satoshi's keys in 1000 years.  ;D
Unless China is running some Quantam comuter secretly.

And it's immoral to hack others' btc addresses private keys, if they can hack those keys, no one's bitcoin address is secure, theoretically, they are just dreaming and doing evil things.  ;D
There is no point in considering evil things should not be done in financial world. If a system can not stand in front of an evil force, that system is fragile. I think the best way to secure coins is having them on a multisig generated offline. That way, even if someone stmble upon any of the private key of an address (I know the possibility calculation... but getting a real random source is the problem), the coins will stay secure.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: louise123 on May 03, 2015, 10:10:07 AM
A Chinese team just released a software, targeting to find the private key of addresses that are believed to be held by Satoshi himself.
Source: http://8btc.com/thread-18085-1-1.html

Previous discussion here (http://8btc.com/thread-17221-1-1.html)
Most ppl think it's a virus, or it's impossible, pure waste of energy.



Is there an English version of this.
I can't read (nor speak) Chinese so an English version would be great.
Thanks


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Kaneki on May 03, 2015, 10:10:59 AM
if this is true and he is successful,it would supposed destruction for price and bitcoin itself.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: S4VV4S on May 03, 2015, 10:13:31 AM
SHA256 seems secure enough, I think they won't hack satoshi's keys in 1000 years.  ;D
Unless China is running some Quantam comuter secretly.

And it's immoral to hack others' btc addresses private keys, if they can hack those keys, no one's bitcoin address is secure, theoretically, they are just dreaming and doing evil things.  ;D
There is no point in considering evil things should not be done in financial world. If a system can not stand in front of an evil force, that system is fragile. I think the best way to secure coins is having them on a multisig generated offline. That way, even if someone stmble upon any of the private key of an address (I know the possibility calculation... but getting a real random source is the problem), the coins will stay secure.

I think they are trying to brute force the addresses with something similar (if not the same) to Vanity.
It's the only thing that makes sense to me.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: SpanishSoldier on May 03, 2015, 10:22:11 AM
if this is true and he is successful,it would supposed destruction for price and bitcoin itself.

As if they'll tell u that they are successfull. The world will think that Satoshi is moving his coins.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Q7 on May 03, 2015, 10:30:57 AM
Why bother? just let them try and see how it turns out. I wouldn't be surprise if the software is actually a hidden mining software that mines in the background instead of claiming to find private key to the address. And if there is tons of people using the software, imagine how many coins can be mined and sent to the person.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: hua_hui on May 03, 2015, 10:31:30 AM
if this is true and he is successful,it would supposed destruction for price and bitcoin itself.

As if they'll tell u that they are successfull. The world will think that Satoshi is moving his coins.
Before Quantam comuter come out, some coins probably take the place of bitcoin with more complicated algo.or Bitcoin can evolve to new algo otherwise it will die!


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: SpanishSoldier on May 03, 2015, 10:43:03 AM
if this is true and he is successful,it would supposed destruction for price and bitcoin itself.

As if they'll tell u that they are successfull. The world will think that Satoshi is moving his coins.
Before Quantam comuter come out, some coins probably take the place of bitcoin with more complicated algo.or Bitcoin can evolve to new algo otherwise it will die!

Moving from SHA-256 to SHA-512 may thoratically solve the problem. But, that would require a hard fork, which is not easy at the scale Bitcoin is spread right now.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: AGD on May 03, 2015, 10:45:57 AM
They will need some million years to crack one address with 50 BTC in it. Hooray!
Most of Satoshis wallets contain 50BTC or less as far as I know, so cracking it in more than a few years, would be -EV.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: NeuroticFish on May 03, 2015, 11:00:55 AM
Could you please explain in general terms the technical procedure of this effort? Are they going to reverse engineer his public key somehow? Or will they gather enough hashing power and speed to eventually generate the same key pair? Wish I could read Chinese  :-\

I think that they try to create a 'vanity address' that is actually Satoshi's address.
(The public vanity generator may need some adjustment for that.)


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: numanoid on May 03, 2015, 11:01:59 AM
Hmmmm... that is interesting/funny and crazy at the same time . Even if they bring a SuperComputer, they can't possibly crack it in several 100 years. And even if they do it let's say in 50 years , they will get 50 btc , 1 btc a year ? :D . They can mine better with that suer computer of there's :D


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: frankenmint on May 03, 2015, 11:03:14 AM
If they lucky enough.. they might be able to find the private key. However.. even if they find it.. No one will be using Bitcoin since it is insecure.

So, what's the point of finding it if you can't sell it for a good price?

Says the guy with a signature campaign, although I get it.   If you have $25 you can start a full online business and take bitcoin, even free if you're savy with software or website development, just saying.

And while that team could try their best, actions speak louder than announcement threads.  I think the true motivation could be reversibility of lost bitcoin maybe.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: jdebunt on May 03, 2015, 11:03:34 AM
Assuming this is not a virus (which it probably is), what are people thinking by coming up with things like these? Just work for your money, all of us have to do it :)


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: frankenmint on May 03, 2015, 11:07:37 AM
Assuming this is not a virus (which it probably is), what are people thinking by coming up with things like these? Just work for your money, all of us have to do it :)


Some people feel that knowledge entitles them to instant riches or that it works like movies.  Sometimes it takes years to build up a repertoire of skills to find higher paying work, but in the end it seems to come down to decisions made on your own financial efforts that amount to the largest rewards - even if that means freelancing for the captains of industry here and there.



Title: Re: Chinese team released software to mine Satoshi's coin
Post by: fox19891989 on May 03, 2015, 11:26:08 AM
The truth is Bitcoin could be hacked! BUT YOU NEED TO LIVE FOREVER.

There are 1,461,501,637,330,902,918,203,684,832,716,283,019,655,932,542,976 (Quattuordecillion) +- possible key pairs.

Method

STEP 1:
You cover all eight planets in our solar system with storage devices which can store yottabytes of data.

STEP 2:
You find another eight planets in other solar systems and cover them with billions of supercomputers

STEP 3:
You generate every bitcoin key pair then store each of them in the storage devices, on the surface of those planets.

STEP 4:
You use the supercomputers and loop through the data

STEP 5:
Collect your reward

Estimated time of complition for one key: 256^256* years

Reference:
https://bitcointalk.org/index.php?topic=1008489.msg10943694#msg10943694

LMAO, i am sure the hacker team is doing nothing, it's impossible to hack, or exchange owners would be cry.  :D ;D


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Ingatqhvq on May 03, 2015, 11:53:51 AM
Why don't you collect the top 100 or 1000 rich address and then find their private key? there is no difference.
Which means any one try to find a private key with your method is really stupid  :D


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: NyeFe on May 03, 2015, 12:10:37 PM
Why don't you collect the top 100 or 1000 rich address and then find their private key? there is no difference.
Which means any one try to find a private key with your method is really stupid  :D

The total entropy of your method would be (2^256)x100 or (2^256)x1000 which is

1.1579209e+79 Or 1.1579209e+80 possible trials


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: AGD on May 03, 2015, 12:25:03 PM
Why don't you collect the top 100 or 1000 rich address and then find their private key? there is no difference.
Which means any one try to find a private key with your method is really stupid  :D

The total entropy of your method would be (2^256)x100 or (2^256)x1000 which is

1.1579209e+79 Or 1.1579209e+80 possible trials


Which means, that this is endlessly (or eternally) stupid. Only trusting software that makes the promise to hack Bitcoin is worse.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Beliathon on May 03, 2015, 01:09:27 PM
A Chinese team just released a software, targeting to find the private key of addresses that are believed to be held by Satoshi himself.
Good luck.

http://miguelmoreno.net/wp-content/uploads/2013/05/fYFBsqp.jpg


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Skunk Fu on May 03, 2015, 01:19:21 PM
Hey, I can create a software targeting Satoshi's addresses too.
Will I?

Nope.

The photo above says it all.....


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: AT101ET on May 03, 2015, 03:40:00 PM
I imagine that if Satoshi's wallets could be hacked, then so could all of ours. That would render BTC as a 'flawed' system and people would dump all their coins.
Doesn't make sense to me...


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Oscilson on May 03, 2015, 08:25:32 PM
I imagine that if Satoshi's wallets could be hacked, then so could all of ours. That would render BTC as a 'flawed' system and people would dump all their coins.
Doesn't make sense to me...

I am sure my wallets are secured by law of universe.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: unamis76 on May 03, 2015, 08:27:30 PM
These chinese people really have nothing else to do... These guys are either trying to cheat newbies, spreading a virus, or trying to make a botnet.

If they think they can pull it off, well... They're really funny :D


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: fryarminer on May 03, 2015, 09:03:57 PM
Here they are working hard at it!!

http://i2.wp.com/img.chinasmack.com/www/wp-content/uploads/2014/02/china-wuhan-school-desks-have-railings-to-prevent-student-near-sightedness-myopia-01.jpg


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: jbrnt on May 03, 2015, 10:48:36 PM
I think it is possible to hack satoshi's coins, but it will take a lot of computing power and a long time to crack it. If the project does succeed in a few year's time, participants' share of the 50btc is so small that it is more profitable to use the power to do something else from the beginning.  :D


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Klestin on May 03, 2015, 10:53:16 PM
Hmmmm... that is interesting/funny and crazy at the same time . Even if they bring a SuperComputer, they can't possibly crack it in several 100 years. And even if they do it let's say in 50 years , they will get 50 btc , 1 btc a year ? :D . They can mine better with that suer computer of there's :D

Not in 50 years. Not in 100 years. Not before our star expires. Not before the entropic end of the Universe.  It's a no.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: NyeFe on May 03, 2015, 10:55:39 PM
Hmmmm... that is interesting/funny and crazy at the same time . Even if they bring a SuperComputer, they can't possibly crack it in several 100 years. And even if they do it let's say in 50 years , they will get 50 btc , 1 btc a year ? :D . They can mine better with that suer computer of there's :D

Not in 50 years. Not in 100 years. Not before our star expires. Not before the entropic end of the Universe.  It's a no.

Hey, now let's not discourage these people. They will make a lot of money for energy companies and that is something to celebrate


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: btcbobby on May 03, 2015, 11:09:12 PM
A) it is far easier to mine a block of Bitcoin than it is to randomly generated a valid private key. Unless the Chinese team thinks they know something that could help them with a shortcut, thinking that the PRNG in sayishis computer was flawed somehow.

B) knowing that it's far easier to mine a block than it is to guess a key, and realizing that sayishis coins haven't been consolidated in anyway, why devote that much computer power for a 50Btc reward (the amount in any of satishis addresses), why waste the energy when that same compute power could be used to generate far more than 50Btc?

C) assuming the go ahead and mine one of satoshis addreses, then there goes Bitcoin. If one if his the private key for a random address can be recovered somehos, then that would mean that none of our coins are safe. Don't get me wrong, if it's possible to do Then absolutely they should do it, just so the fault they're working off of or discover becomes well known, giving everyone the chance to jump ship, rather than take such an invention and use it for nefarious purposes.

Overall, on a threat scale of 1-10, I'd rate this minus 10.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: dothebeats on May 03, 2015, 11:23:12 PM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: TheButterZone on May 03, 2015, 11:36:56 PM
Yeah, I was going to say "do they think Satoshi's PRNG was shit?" btcbobby beat me to it though.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: vm_mpn on May 04, 2015, 12:09:17 AM
Correct me if I'm wrong here but didn't Satoshi had around 1 Mil BTC on one of his single addresses?


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: odolvlobo on May 04, 2015, 12:12:58 AM
Using brute force guessing, you are currently 7,142,168,459,456,328,726,581,608,448 times more likely to solve a block than to guess a private key. Guessing private keys is stupid. It is much more profitable to mine blocks than to mine private keys.

Chance of guessing the private key of an address: 1 / 2160
Chance of guessing the nonce that solves a block: 0x1713DD x 2168 / 2256


Correct me if I'm wrong here but didn't Satoshi had around 1 Mil BTC on one of his single addresses?

No, he used a different address every time. But even if an address has 1,000,000 BTC, it still would be better to mine than to try to guess its private key.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: galbros on May 04, 2015, 12:16:51 AM
While I agree this is a long shot it does seem to show a potential issue for bitcoin in the future.  Sites like directory.io have already posted every bitcoin address and its corresponding private key.  If a computer can just search that huge number of addresses you could get satoshi's or anyone else's for that matter coins.

I do like the point about how it would be better to just mine bitcoins with the corresponding computer power.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: ajareselde on May 04, 2015, 12:18:03 AM
It's bull is what it is. What would be the point of the attack on his private key? If it had any valid point and reasonable chance,
people wouldn't be mining bitcoin, they would be trying to crack private keys.
I'm pretty sure there is an alternative motive to this "project", and given the history of such things, i'm staying away.



Title: Re: Chinese team released software to mine Satoshi's coin
Post by: vm_mpn on May 04, 2015, 12:22:19 AM
Using brute force guessing, you are currently 7,142,168,459,456,328,726,581,608,448 times more likely to solve a block than to guess a private key. Guessing private keys is stupid. It is much more profitable to mine blocks than to mine private keys.

Chance of guessing the private key of an address: 1 / 2160
Chance of guessing the nonce that solves a block: 0x1713DD x 2168 / 2256


Correct me if I'm wrong here but didn't Satoshi had around 1 Mil BTC on one of his single addresses?

No, he used a different address every time. But even if an address has 1,000,000 BTC, it still would be better to mine than to try to guess its private key.

Copy that O... Many thanks for the clarification.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: fryarminer on May 04, 2015, 12:24:00 AM
Correct me if I'm wrong here but didn't Satoshi had around 1 Mil BTC on one of his single addresses?

Yeah and he tattooed the private key on the belly of his hippopotamus!


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: odolvlobo on May 04, 2015, 12:25:41 AM
While I agree this is a long shot it does seem to show a potential issue for bitcoin in the future.  Sites like directory.io have already posted every bitcoin address and its corresponding private key.  If a computer can just search that huge number of addresses you could get satoshi's or anyone else's for that matter coins.

I do like the point about how it would be better to just mine bitcoins with the corresponding computer power.

The jokes on you. directory.io is fake. It only computes the bitcoin addresses for the private keys on the pages you look at.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: NyeFe on May 04, 2015, 12:38:52 AM
While I agree this is a long shot it does seem to show a potential issue for bitcoin in the future.  Sites like directory.io have already posted every bitcoin address and its corresponding private key.  If a computer can just search that huge number of addresses you could get satoshi's or anyone else's for that matter coins.

I do like the point about how it would be better to just mine bitcoins with the corresponding computer power.

The jokes on you. directory.io is fake. It only computes the bitcoin addresses for the private keys on the pages you look at.

In other worlds. By the time you would have finished skipping through all the pages, our sun and trillion trillion trillions of other stars would have imploded


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Klestin on May 04, 2015, 12:47:08 AM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins

Once again, it's not a matter of "better technology".  It doesn't matter how fast the computers they have are.  It doesn't matter how many computers they have.  They could go 10,000 years into the future, steal all the computers on Earth, and bring them back in time to the beginning of the Universe, then run them nonstop trying to crack a single private key.  They could run them while the early galaxies form, run them while our star is born, while the Earth congeals, while life begins, and until they again reach today.  They would fail. 

Brute force will never. Ever. Ever. EVER. crack a 256 bit key. No matter what.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: btcbobby on May 04, 2015, 01:12:27 AM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins

Once again, it's not a matter of "better technology".  It doesn't matter how fast the computers they have are.  It doesn't matter how many computers they have.  They could go 10,000 years into the future, steal all the computers on Earth, and bring them back in time to the beginning of the Universe, then run them nonstop trying to crack a single private key.  They could run them while the early galaxies form, run them while our star is born, while the Earth congeals, while life begins, and until they again reach today.  They would fail. 

Brute force will never. Ever. Ever. EVER. crack a 256 bit key. No matter what.

Umm, if someone can zip 10.000 years into the future, then pop up at the dawn of time, I doubt they'Ed have any interest in any encryption key. Just saying! :)


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: vm_mpn on May 04, 2015, 01:56:28 AM
Correct me if I'm wrong here but didn't Satoshi had around 1 Mil BTC on one of his single addresses?

Yeah and he tattooed the private key on the belly of his hippopotamus!

Lol... Thanks for the fun fact Fr... I'm one of those people who believe everything they read on the internet.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Remember remember the 5th of November on May 04, 2015, 02:26:10 AM
Even if Satoshi gave you half of his private key and let you guess the rest of the numbers, you still couldn't do it in a sensible timeframe. Don't waste your breath on such dead simple software for private key cracking.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: chriswen on May 04, 2015, 02:29:11 AM
Interesting.  It wouldn't be just brute forcing if you're smart about.

Maybe there is some flaw in Satoshi's random number generation or private key generation.

And I don't think he sent 1 million btc to one address but he has a ton of addresses with 50 BTC that people were able to link to him.  And if he generated that many public keys than maybe there is a pattern.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: hl5460 on May 04, 2015, 04:30:17 AM
According to the guy that released the software, he claimed that they had cracked two addresses (http://8btc.com/forum.php?mod=redirect&goto=findpost&ptid=17221&pid=121671) but refuse to specify, saying it would destroy the integrity of bitcoin.
They also said they had found 38,187 addresses that belong to Satoshi, or 50*38187=1,909,350 btc.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Kprawn on May 04, 2015, 05:35:08 AM
They could use that computing power to mine blocks, and it would give a bigger gain in their life time, than trying to find matching private keys.

It would just be a pure fluke, if they do match up a single address with a private key, and by that time, they would have wasted a lot of money on electricity cost.

Let them do this, and show how secure SHA 256 is, if they did not solve it in 50 years.  ;)


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: AGD on May 04, 2015, 06:25:53 AM
According to the guy that released the software, he claimed that they had cracked two addresses (http://8btc.com/forum.php?mod=redirect&goto=findpost&ptid=17221&pid=121671) but refuse to specify, saying it would destroy the integrity of bitcoin.
They also said they had found 38,187 addresses that belong to Satoshi, or 50*38187=1,909,350 btc.

It would be easy to provide a proof. My chinese has weakened over the last years, did they provide the txid of the stolen coins to confirm this on the blockchain?


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Mt. Gox on May 04, 2015, 09:54:22 AM
Using brute force guessing, you are currently 7,142,168,459,456,328,726,581,608,448 times more likely to solve a block than to guess a private key. Guessing private keys is stupid. It is much more profitable to mine blocks than to mine private keys.

Chance of guessing the private key of an address: 1 / 2160
Chance of guessing the nonce that solves a block: 0x1713DD x 2168 / 2256


Correct me if I'm wrong here but didn't Satoshi had around 1 Mil BTC on one of his single addresses?

No, he used a different address every time. But even if an address has 1,000,000 BTC, it still would be better to mine than to try to guess its private key.

So according to the maths, it only makes more sense to attempt to brute force a private key if the address contains 25*7,142,168,459,456,328,726,581,608,448 BTC (excluding miner fees). And even then, your miner would break and the earth would get swallowed up by the sun before you found a private key corresponding to one of Satoshi's addresses (which only contain 50 BTC since he never consolidated his coins into one single large address like most others).

While I agree this is a long shot it does seem to show a potential issue for bitcoin in the future.  Sites like directory.io have already posted every bitcoin address and its corresponding private key.  If a computer can just search that huge number of addresses you could get satoshi's or anyone else's for that matter coins.

I do like the point about how it would be better to just mine bitcoins with the corresponding computer power.

You could, but it's so highly improbable that it's not really worth thinking about. So far, private keys that have been brute forced almost always corresponded to weak brainwallets.

And directory.io hasn't really posted a "list" of addresses and private keys. Instead, it just generates them on the fly.

EDIT: I see odolvlobo has already mentioned this. It caused quite a big scare when it was first made public though! Someone posted the link with the title "Bitcoin has been hacked" which caused some people to panic at the time. From reading the responses in this thread, it looks like people have smartened up since then:

http://www.reddit.com/r/Bitcoin/comments/1ruk0z/dont_panic_directoryio_thing_is_fake/


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Troonetpt on May 04, 2015, 10:38:07 AM
The math is simply, everyone can figure it out, we have enough reasons to question their motive.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Skunk Fu on May 04, 2015, 10:47:20 AM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.

"Far behind"? !!!

LOL!
They are way ahead of everyone.
The truth is, you should consider yourselves lucky to say that YOU are not far behind the Chinese in technology.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Mt. Gox on May 04, 2015, 10:58:37 AM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.

"Far behind"? !!!

LOL!
They are way ahead of everyone.
The truth is, you should consider yourselves lucky to say that YOU are not far behind the Chinese in technology.


Check out the recipients of the Fields Medal (equivalent to the Nobel Prize in Mathematics) and you'll see that most of the ground breaking work in mathematics (which cryptography is a part of) is done by US and UK based researchers. There is also the Turing Award (equivalent to the Nobel Prize in Computing) for outstanding contributions in computer science and that one is mostly awarded to US-based researchers. Same goes for the IEEE John von Neumann Medal, Rolf Schock Prize, and the Nevanlinna Prize. All of these prizes are dominated by US-based mathematicians and computer scientists.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Skunk Fu on May 04, 2015, 11:01:13 AM

It's the software at work!!!
All those little buggers are now doing mathematical equations and sha256 hashes in order to find the private keys to Satoshis addresses.  ;D ;D ;D ;D


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Lorenzo on May 04, 2015, 11:03:59 AM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins

Fortunately they don't have the sufficient technology to crack or generate the same private keys to Satoshi's addresses.

We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins

Once again, it's not a matter of "better technology".  It doesn't matter how fast the computers they have are.  It doesn't matter how many computers they have.  They could go 10,000 years into the future, steal all the computers on Earth, and bring them back in time to the beginning of the Universe, then run them nonstop trying to crack a single private key.  They could run them while the early galaxies form, run them while our star is born, while the Earth congeals, while life begins, and until they again reach today.  They would fail. 

Brute force will never. Ever. Ever. EVER. crack a 256 bit key. No matter what.

Quantum computers could shorten the time required to break SHA-256. Computers 10,000 years in the future could be using exotic materials and technologies that we don't yet know about or even begin to comprehend.

Even if Satoshi gave you half of his private key and let you guess the rest of the numbers, you still couldn't do it in a sensible timeframe. Don't waste your breath on such dead simple software for private key cracking.

Perhaps, but having half of a private key actually shortens the entropy significantly. It would take not half as long to crack but something like millions of times less. It's probably irrelevant still, but it's something to consider when dealing with similar situations (e.g. a 12 word Electrum seed where you know the first 6 words is much easier to crack than a typical seed).

Interesting.  It wouldn't be just brute forcing if you're smart about.

Maybe there is some flaw in Satoshi's random number generation or private key generation.

And I don't think he sent 1 million btc to one address but he has a ton of addresses with 50 BTC that people were able to link to him.  And if he generated that many public keys than maybe there is a pattern.

This is possible. Mycelium had a similar flaw at one stage.

You're right about the 50 BTC thing. He has many addresses scattered all over the blockchain with each address containing 50 BTC (plus any fees).

According to the guy that released the software, he claimed that they had cracked two addresses (http://8btc.com/forum.php?mod=redirect&goto=findpost&ptid=17221&pid=121671) but refuse to specify, saying it would destroy the integrity of bitcoin.
They also said they had found 38,187 addresses that belong to Satoshi, or 50*38187=1,909,350 btc.

From what I've read, the most commonly accepted figure is 1 million BTC. Most of that would have been from mining in 2009 when virtually nobody else was mining (other than a few very early adopters like Hal Finney). 2 million BTC seems a bit high IMO but if he continued mining all the way up until now and changed his practice of not consolidating coins in order to remain undetectable then it might just be possible.

They could use that computing power to mine blocks, and it would give a bigger gain in their life time, than trying to find matching private keys.

It would just be a pure fluke, if they do match up a single address with a private key, and by that time, they would have wasted a lot of money on electricity cost.

Let them do this, and show how secure SHA 256 is, if they did not solve it in 50 years.  ;)

If it's revealed that they actually managed to match up one of Satoshi's confirmed addresses with a private key then it's probably not a good idea to dismiss it as a fluke. Since the chances of such a thing happening are so vanishingly small, it would be more reasonable to assume that there is something much larger and more significant at play (most likely it would be an undocumented flaw in SHA-256 or an implementation of it).


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: majorX on May 04, 2015, 11:04:25 AM
Should read, Chinese team is trying to steal and kill satoshi's bitcoin. There should be a price put on their heads to be honest. If they manage to get one private key I for one will dump my coins and not look back wtf are they doing.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Lorenzo on May 04, 2015, 11:14:10 AM
Should read, Chinese team is trying to steal and kill satoshi's bitcoin. There should be a price put on their heads to be honest. If they manage to get one private key I for one will dump my coins and not look back wtf are they doing.

Either Bitcoin has a preexisting flaw or it doesn't. If it does indeed have a flaw and its algorithm can be cracked then it was bound happen eventually. It's better for them to find out now and patch it up rather than 20 years from now when Bitcoin has a 500 billion dollar market cap and the consequences of such a flaw being discovered would be much worse.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: hellyeah on May 04, 2015, 11:49:01 AM
Should read, Chinese team is trying to steal and kill satoshi's bitcoin. There should be a price put on their heads to be honest. If they manage to get one private key I for one will dump my coins and not look back wtf are they doing.

Either Bitcoin has a preexisting flaw or it doesn't. If it does indeed have a flaw and its algorithm can be cracked then it was bound happen eventually. It's better for them to find out now and patch it up rather than 20 years from now when Bitcoin has a 500 billion dollar market cap and the consequences of such a flaw being discovered would be much worse.

Erm, sorry to break it to you but....
If there is a flaw and it get's exploited by the Chinese or whoever to steal Satoshis coins, then there is no Bitcoin anymore.

At least that is what I think.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Raize on May 04, 2015, 05:48:38 PM
There were some estimations that indicated there are 45 orders of magnitude of a better chance the Earth gets hit by an asteroid/meteorite causing a mass extinction event in your lifetime than there are for there to be an address collision.

If you are worried about a team of people all attempting to hack the same private key one day being capable of doing so without a quantum computer, you've got your priorities mistaken, IMHO.

Also there's this image, from back when people jokingly talked about hacking the 1Dky address:
https://i.imgur.com/drn3j.jpg


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: RodeoX on May 04, 2015, 05:58:19 PM
@Raize,

"So your saying there's a chance!" That cracked me up.  :D

But yes. Writing a program to do this is not hard, but waiting 100,000 years for it to run is. Heck, here is an analog method:

Is the key - 17b3gYEbtcxf6p6TTTWSCQ6KeY2c7h0001
Ok, is it    - 17b3gYEbtcxf6p6TTTWSCQ6KeY2c7h0002
how bout  - 17b3gYEbtcxf6p6TTTWSCQ6KeY2c7h0003
Then is it  - 17b3gYEbtcxf6p6TTTWSCQ6KeY2c7h0004   
maybe    - 17....


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: fryarminer on May 04, 2015, 06:17:00 PM
According to the guy that released the software, he claimed that they had cracked two addresses (http://8btc.com/forum.php?mod=redirect&goto=findpost&ptid=17221&pid=121671) but refuse to specify, saying it would destroy the integrity of bitcoin.
They also said they had found 38,187 addresses that belong to Satoshi, or 50*38187=1,909,350 btc.

So this is a non-sequitur. They don't want to reveal the two addresses they have cracked, in order not to destroy the integrity of Bitcoin, but they want to hack Satoshi's addresses to destroy the integrity of Bitcoin.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: oblivi on May 04, 2015, 06:26:24 PM
A Chinese team just released a software, targeting to find the private key of addresses that are believed to be held by Satoshi himself.
Source: http://8btc.com/thread-18085-1-1.html

Previous discussion here (http://8btc.com/thread-17221-1-1.html)
Most ppl think it's a virus, or it's impossible, pure waste of energy.


LMAO, interesting, I just wonder how many times they should run for satoshi's private key?

SHA256 seems secure enough, I think they won't hack satoshi's keys in 1000 years.  ;D

And it's immoral to hack others' btc addresses private keys, if they can hack those keys, no one's bitcoin address is secure, theoretically, they are just dreaming and doing evil things.  ;D
What that is is most likely an actual background Bitcoin miner, just like every other dodgy software lately. Everyone is trying to get BTC no matter what.
SHA 256 is indeed safe, no one is cracking it literally ever.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: RodeoX on May 04, 2015, 06:28:29 PM
Translation from Chinese:

Quote
"Hey I just discover that I can fly. So far I have flown around my house twice! I didn't take any pictures or anything because I did not want to destroy the integrity of walking. But I did want to tell everyone."

Hmmm...  :(


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Amph on May 04, 2015, 07:18:05 PM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.

"Far behind"? !!!

LOL!
They are way ahead of everyone.
The truth is, you should consider yourselves lucky to say that YOU are not far behind the Chinese in technology.


i remember that japan were the one that were so far ahead in general technology, chinese are just good at doing thing fast and discover new things maybe, because they are many, still this news remain a pure trolling

Should read, Chinese team is trying to steal and kill satoshi's bitcoin. There should be a price put on their heads to be honest. If they manage to get one private key I for one will dump my coins and not look back wtf are they doing.

Either Bitcoin has a preexisting flaw or it doesn't. If it does indeed have a flaw and its algorithm can be cracked then it was bound happen eventually. It's better for them to find out now and patch it up rather than 20 years from now when Bitcoin has a 500 billion dollar market cap and the consequences of such a flaw being discovered would be much worse.

Erm, sorry to break it to you but....
If there is a flaw and it get's exploited by the Chinese or whoever to steal Satoshis coins, then there is no Bitcoin anymore.

At least that is what I think.

i'll not be so sure about this, if some serious flaw will eventually come out now the price will be dumped only to a certain point, then a new ascension will start

it will happen the same thing that happened with the txid malleability flaw


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: BusyBeaverHP on May 04, 2015, 07:32:39 PM
Amateur hour is over.
Let's go over how a public address is derived from a private key:

1. SECP256K1(Private Key) ---> Public Key
2. RIPEMD160(SHA256(Public Key)) ---> Public Address

So these script monkeys are telling us that they found an ancient Chinese secret that can crack two hashing algorithms and an ECDSA all at once?

Unless Satoshi used a weak random number generator for his private key, and these amateur happen to know his public keys, GLHF faggots.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: nutildah on May 04, 2015, 07:59:50 PM
The "laws of the universe" are under constant revision.

While it is highly unlikely this particular project will have much success, it is highly likely that quantum computers will be able to break SHA-256 in the future. Don't ask me when. We'll probably have another global economic meltdown before then, so I'm not holding my breath.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Klestin on May 04, 2015, 08:09:26 PM
The "laws of the universe" are under constant revision.

While it is highly unlikely this particular project will have much success, it is highly likely that quantum computers will be able to break SHA-256 in the future. Don't ask me when. We'll probably have another global economic meltdown before then, so I'm not holding my breath.

Then it's a good thing that the private/public key algorithm used for Bitcoin has nothing whatsoever to do with SHA-256.  That could be because SHA-256 is not an encryption method, nor a digital signature method.  Bitcoin uses elliptic curve cryptography for the digital signatures.  It may be possible that this could eventually be weakened or even broken, but it is also possible (some would say likely) that it is not possible.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Joe_Bauers on May 04, 2015, 08:14:27 PM
I'm surprised that an altcoin hasn't yet been released to do this very thing.
Still, even if the key was somehow found, I agree with others that this would amount to theft rather than once or twice in the lifetime of the universe luck.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Klestin on May 04, 2015, 08:26:22 PM
I'm surprised that an altcoin hasn't yet been released to do this very thing.
Still, even if the key was somehow found, I agree with others that this would amount to theft rather than once or twice in the lifetime of the universe luck.

You should be equally surprised that an altcoin has not yet been released that eliminates war.  That is equally possible.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: R2D221 on May 04, 2015, 08:28:00 PM
I'm surprised that an altcoin hasn't yet been released to do this very thing.
Still, even if the key was somehow found, I agree with others that this would amount to theft rather than once or twice in the lifetime of the universe luck.

An altcoin? How does that help in anything?


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Joe_Bauers on May 04, 2015, 08:32:13 PM
I'm surprised that an altcoin hasn't yet been released to do this very thing.
Still, even if the key was somehow found, I agree with others that this would amount to theft rather than once or twice in the lifetime of the universe luck.

You should be equally surprised that an altcoin has not yet been released that eliminates war.  That is equally possible.

I'm guessing the elimination of war is WAY WAY ...,
more possible than randomally guessing a private key ;)


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: nutildah on May 04, 2015, 08:48:06 PM
The "laws of the universe" are under constant revision.

While it is highly unlikely this particular project will have much success, it is highly likely that quantum computers will be able to break SHA-256 in the future. Don't ask me when. We'll probably have another global economic meltdown before then, so I'm not holding my breath.

Then it's a good thing that the private/public key algorithm used for Bitcoin has nothing whatsoever to do with SHA-256.  That could be because SHA-256 is not an encryption method, nor a digital signature method.  Bitcoin uses elliptic curve cryptography for the digital signatures.  It may be possible that this could eventually be weakened or even broken, but it is also possible (some would say likely) that it is not possible.

You may want to update the Wikipedia entry on bitcoin and SHA-256 then.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Shindo1988 on May 05, 2015, 01:29:08 PM
So did anybody examine this "hacking" software?
What is it?
Is it a virus?
Is it a trojan?


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: itsAj on May 05, 2015, 01:33:10 PM
Wouldn't trust it it's probably a virus.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Skunk Fu on May 05, 2015, 01:34:37 PM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.

"Far behind"? !!!

LOL!
They are way ahead of everyone.
The truth is, you should consider yourselves lucky to say that YOU are not far behind the Chinese in technology.


The only thing Chinese good at is.... sucking dicks.... and copying shit (altho they call it themselves "engineering")

Dumbfuck, ever see any research paper in mathematics and science? Yeah..... notice the name on those.... Do you see any Ding Dong Fong Fi Yu?



Butt-hurt much?
What's your problem?
That the Chinese study from junior school what you studied in College? (if you have reached that level of education that is).

Here: https://www.youtube.com/watch?v=d-HXB0DQWFE (https://www.youtube.com/watch?v=d-HXB0DQWFE)

Smile eh  ;)


Did you buy that account by the way?
How much?


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: fox19891989 on May 06, 2015, 05:41:44 PM
Wouldn't trust it it's probably a virus.

It makes sense, I also think it's a virus, because normal people know the probability of hacking satoshi's addresses, sane people won't believe they are really hack, because they couldn't find the keys until the universe is destroyed. ;D

I have stated the probability before, we need 10^70 years to crack the keys. LMAO. It's an impossible crack, if they can crack them, all exchanges' wallets are also dangerous, bitcoin system will be destroyed too, bitcoin won't be worth 1 usd if satoshi's addresses are hacked.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: opossum on May 06, 2015, 06:00:37 PM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.

"Far behind"? !!!

LOL!
They are way ahead of everyone.
The truth is, you should consider yourselves lucky to say that YOU are not far behind the Chinese in technology.


The only thing Chinese good at is.... sucking dicks.... and copying shit (altho they call it themselves "engineering")

Dumbfuck, ever see any research paper in mathematics and science? Yeah..... notice the name on those.... Do you see any Ding Dong Fong Fi Yu?



Butt-hurt much?
What's your problem?
That the Chinese study from junior school what you studied in College? (if you have reached that level of education that is).

Here: https://www.youtube.com/watch?v=d-HXB0DQWFE (https://www.youtube.com/watch?v=d-HXB0DQWFE)

Smile eh  ;)


Did you buy that account by the way?
How much?

Serious coin is just a dick, that is not a sold account but I really doubt the Chinese education system is what you're boasting and I feel you're a bit biased as your original post seems to think they are going to be able to crack it, and the Chinese aren't ahead in technology but just ahead in cheap labor being able to produce the technology cheaply and more efficiently then others but I guess that is a part of having pretty much slave labor.

I have made bold on the first post I beg to differ 100% and ask what are you on about exactly? Do you even realize how broad of scale 'technology' is? If we talk about electronics then the number 1 is one of the smallest countries Japan, Lets talk car tech and physics then we need look no further than Germany. Let's talk military or computer science then you shouldn't be surprised to know the USA are far from behind because they are in fact ahead, an have been since they hijacked Germany’s best in operation paperclip after WW2 or Germany would hold all titles. To add China will not break satoshi wallets in 100 years of trying so good luck to them.   


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: numismatist on May 06, 2015, 06:04:40 PM
Whoever believes this nonsense has very limited knowledge. I'm not even going to open the link as it is not necessary and it's loading very slowly for me. Why just Satoshi's coins? Why not hack every major exchange and take all Bitcoin?
Even if someone had the software/power to do this, why would they do it? As soon as this happened the price would crash to zero.
Besides claiming to beat SHA256 is big deal. The banks would probably come and assassinate you, among other things.
But would kill Bitcoin. It's literaly a rare precious flower ... when plucked, withered to bits. Worthless ... bits.

However a major exchange hack is possible by smuggling in some compromised altcoin wallet. There is a risk in storing coins at an exchange.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: altcoinex on May 06, 2015, 06:16:40 PM
Even on that pages comments, in chinese, everyone just tears apart the post as a hoax and the software as a trojan or malware or other incentive driven fake. The first comment on the page is longer than the page article itself going into 8 reasons why its fake.  I can't believe some of you are even entertaining this discussion, if you didn't immediately realize what this was you need to restudy what bitcoin is and how it achieves what it does.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Klestin on May 06, 2015, 08:01:01 PM
The "laws of the universe" are under constant revision.

While it is highly unlikely this particular project will have much success, it is highly likely that quantum computers will be able to break SHA-256 in the future. Don't ask me when. We'll probably have another global economic meltdown before then, so I'm not holding my breath.

Then it's a good thing that the private/public key algorithm used for Bitcoin has nothing whatsoever to do with SHA-256.  That could be because SHA-256 is not an encryption method, nor a digital signature method.  Bitcoin uses elliptic curve cryptography for the digital signatures.  It may be possible that this could eventually be weakened or even broken, but it is also possible (some would say likely) that it is not possible.

You may want to update the Wikipedia entry on bitcoin and SHA-256 then.

Why would I do such a thing?  The article is correct.  If you read the wikipedia article and concluded that the private/public key algorithm used for Bitcoin was based on SHA-256, then you did not understand the article.

The "busywork" that miners use as proof of work is SHA.  That has absolutely nothing to do with private/public key cryptography.  If you want to "mine Satoshi's coin", breaking SHA-256 will do you no good whatsoever.  For that, you must break elliptic curve cryptography.  Researchers have been working on that one for three decades. 

SHA is not encryption.  It is hashing. 


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: hhanh00 on May 06, 2015, 11:03:32 PM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.

"Far behind"? !!!

LOL!
They are way ahead of everyone.
The truth is, you should consider yourselves lucky to say that YOU are not far behind the Chinese in technology.


The only thing Chinese good at is.... sucking dicks.... and copying shit (altho they call it themselves "engineering")

Dumbfuck, ever see any research paper in mathematics and science? Yeah..... notice the name on those.... Do you see any Ding Dong Fong Fi Yu?

FYI,

Xiaoyun Wang; Hongbo Yu (2005). "How to Break MD5 and Other Hash Functions" (PDF). EUROCRYPT. ISBN 3-540-25910-4.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Mt. Gox on May 15, 2015, 12:44:29 PM
Wasn't there someone on the forums here who tried doing something like this? He was paying people to run a piece of software that would try to crack BTC addresses. I'll see if I can find that thread...

EDIT: Found it:

http://bitcointalk.org/index.php?topic=929196

I wonder what would happen if it was discovered that addresses could be stolen in this manner? Probably some kind of emergency hard fork would have to be done before the damage has a chance to spread. There would need to be a rollback of any transactions too.

According to the guy that released the software, he claimed that they had cracked two addresses (http://8btc.com/forum.php?mod=redirect&goto=findpost&ptid=17221&pid=121671) but refuse to specify, saying it would destroy the integrity of bitcoin.
They also said they had found 38,187 addresses that belong to Satoshi, or 50*38187=1,909,350 btc.

It would be easy to provide a proof. My chinese has weakened over the last years, did they provide the txid of the stolen coins to confirm this on the blockchain?
There is no way they brute forced two different addresses, I am with AGD on this they can prove it easily if they did and I want proof before we even begin to believe anything. The only way they have hacked private keys are through either attacking the pc the wallet is on or weak brain wallets.

Or a weak RNG.

We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.

"Far behind"? !!!

LOL!
They are way ahead of everyone.
The truth is, you should consider yourselves lucky to say that YOU are not far behind the Chinese in technology.


i remember that japan were the one that were so far ahead in general technology, chinese are just good at doing thing fast and discover new things maybe, because they are many, still this news remain a pure trolling

Japan went from literally nothing to being a major superpower not only once but twice during it's history. It's possible that China could do the same.

Amateur hour is over.
Let's go over how a public address is derived from a private key:

1. SECP256K1(Private Key) ---> Public Key
2. RIPEMD160(SHA256(Public Key)) ---> Public Address

So these script monkeys are telling us that they found an ancient Chinese secret that can crack two hashing algorithms and an ECDSA all at once?

Unless Satoshi used a weak random number generator for his private key, and these amateur happen to know his public keys, GLHF faggots.

I don't think it's possible to deduce a private key from a public key. It does weaken the security since it strips away an additional layer of encryption but not to the point where an address could be compromised.

I'm surprised that an altcoin hasn't yet been released to do this very thing.
Still, even if the key was somehow found, I agree with others that this would amount to theft rather than once or twice in the lifetime of the universe luck.

An altcoin? How does that help in anything?

An altcoin that rewards those who submit shares to a decentralized effort to crack Satoshi's wallets? That doesn't sound all that different from what Primecoin/Riecoin/Curecoin/Gridcoin/Foldingcoin are doing so it might just be possible.

It would be completely pointless though for reasons that have already been mentioned many times in this thread.

Wouldn't trust it it's probably a virus.

Wouldn't trust it it's probably a virus.

It makes sense, I also think it's a virus, because normal people know the probability of hacking satoshi's addresses, sane people won't believe they are really hack, because they couldn't find the keys until the universe is destroyed. ;D

I have stated the probability before, we need 10^70 years to crack the keys. LMAO. It's an impossible crack, if they can crack them, all exchanges' wallets are also dangerous, bitcoin system will be destroyed too, bitcoin won't be worth 1 usd if satoshi's addresses are hacked.

Even on that pages comments, in chinese, everyone just tears apart the post as a hoax and the software as a trojan or malware or other incentive driven fake. The first comment on the page is longer than the page article itself going into 8 reasons why its fake.  I can't believe some of you are even entertaining this discussion, if you didn't immediately realize what this was you need to restudy what bitcoin is and how it achieves what it does.

If the software is available for public download then it should be easy to confirm whether or not it's a virus.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Adam_Allcock on May 15, 2015, 01:08:54 PM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.

"Far behind"? !!!

LOL!
They are way ahead of everyone.
The truth is, you should consider yourselves lucky to say that YOU are not far behind the Chinese in technology.


The only thing Chinese good at is.... sucking dicks.... and copying shit (altho they call it themselves "engineering")

Dumbfuck, ever see any research paper in mathematics and science? Yeah..... notice the name on those.... Do you see any Ding Dong Fong Fi Yu?



Butt-hurt much?
What's your problem?
That the Chinese study from junior school what you studied in College? (if you have reached that level of education that is).

Here: https://www.youtube.com/watch?v=d-HXB0DQWFE (https://www.youtube.com/watch?v=d-HXB0DQWFE)

Smile eh  ;)


Did you buy that account by the way?
How much?


LoL if you think those socalled " education" matters.

Ever been to grad school? Thats where education matters, notice the amount of Chinese students going abroad for that?

Since you're Chinese, you remind me of the old Chinese saying: a frog at the bottom of a well.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Kyraishi on May 15, 2015, 02:04:54 PM
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.

"Far behind"? !!!

LOL!
They are way ahead of everyone.
The truth is, you should consider yourselves lucky to say that YOU are not far behind the Chinese in technology.


The only thing Chinese good at is.... sucking dicks.... and copying shit (altho they call it themselves "engineering")

Dumbfuck, ever see any research paper in mathematics and science? Yeah..... notice the name on those.... Do you see any Ding Dong Fong Fi Yu?



Butt-hurt much?
What's your problem?
That the Chinese study from junior school what you studied in College? (if you have reached that level of education that is).

Here: https://www.youtube.com/watch?v=d-HXB0DQWFE (https://www.youtube.com/watch?v=d-HXB0DQWFE)

Smile eh  ;)


Did you buy that account by the way?
How much?


LoL if you think those socalled " education" matters.

Ever been to grad school? Thats where education matters, notice the amount of Chinese students going abroad for that?

Since you're Chinese, you remind me of the old Chinese saying: a frog at the bottom of a well.


That's a funny video.  :D
I think he posted it for piss taking. As in to say, they know your shit better than you  ;)
Apart from that, Chinese students don't go abroad in order to study - they already know most of that shit.
They go abroad to work for decent salary. Being a student in a foreign country grants them a student's Visa which in turn allows them to work.

I am actually surprised that a bright, intelligent american such as yourself didn't know that.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Jeremycoin on May 15, 2015, 03:35:15 PM
So, the purpose of this software is to hack Satoshi's wallet?
How if in that wallet, there is just 10 or maybe 1 BTC inside? Think about it! :D


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Lorenzo on May 15, 2015, 03:54:11 PM
So, the purpose of this software is to hack Satoshi's wallet?
How if in that wallet, there is just 10 or maybe 1 BTC inside? Think about it! :D

Most of Satoshi's addresses look pretty much the same. They contain a balance of 50 BTC as newly generated inputs (i.e. freshly mined coins) with no outputs. There are thousands of these addresses scattered across the blockchain, most of which were mined during 2009.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Kyraishi on May 15, 2015, 04:05:33 PM
So, the purpose of this software is to hack Satoshi's wallet?
How if in that wallet, there is just 10 or maybe 1 BTC inside? Think about it! :D

Most of Satoshi's addresses look pretty much the same. They contain a balance of 50 BTC as newly generated inputs (i.e. freshly mined coins) with no outputs. There are thousands of these addresses scattered across the blockchain, most of which were mined during 2009.

Actually, as far as I know, all of his addresses have 50BTC each apart from 12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S (https://blockchain.info/address/12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S), which he sent 10BTC to Hal Finney and moved some of the rest.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Jeremycoin on May 15, 2015, 04:13:16 PM
So, the purpose of this software is to hack Satoshi's wallet?
How if in that wallet, there is just 10 or maybe 1 BTC inside? Think about it! :D

Most of Satoshi's addresses look pretty much the same. They contain a balance of 50 BTC as newly generated inputs (i.e. freshly mined coins) with no outputs. There are thousands of these addresses scattered across the blockchain, most of which were mined during 2009.

Actually, as far as I know, all of his addresses have 50BTC each apart from 12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S (https://blockchain.info/address/12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S), which he sent 10BTC to Hal Finney and moved some of the rest.

Owh, I didn't know about that. So, keep working for it Chinese team...


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: altcoinex on May 19, 2015, 06:52:44 PM
If one had the available computing power to do this, they could much easier mine the entirety of remaining bitcoins prior to difficulty retargeting and have alot more bitcoins than just satoshis.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: ebliever on May 19, 2015, 08:23:59 PM
If one had the available computing power to do this, they could much easier mine the entirety of remaining bitcoins prior to difficulty retargeting and have alot more bitcoins than just satoshis.

This is a waste of time by hackers who are bad at math. With existing technology you could fill the universe with computers and not crack anyone's private key.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: R2D221 on May 19, 2015, 08:49:05 PM
With existing technology you could fill the universe with computers

I'm interested in such a technology.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: jwcastle on May 19, 2015, 10:23:28 PM
I suppose it can be done if enough people join in this project. Kinda like the SETI project, distributed computing will allow an impossibly difficult problem to be solved by millions of individual systems. If someone can figure out the math, maybe we can estimate how long and how many individual systems it might take to brute force the private key.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Mikestang on May 19, 2015, 11:37:41 PM
With existing technology you could fill the universe with computers

I'm interested in such a technology.

He's saying that if the universe was filled with computers at today's technology level, it still wouldn't be enough computing power.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: chalkboard17 on May 19, 2015, 11:43:12 PM
Yeah let's all steal the money from the guy who created something awesome for us all.

So, the purpose of this software is to hack Satoshi's wallet?
How if in that wallet, there is just 10 or maybe 1 BTC inside? Think about it! :D

Most of Satoshi's addresses look pretty much the same. They contain a balance of 50 BTC as newly generated inputs (i.e. freshly mined coins) with no outputs. There are thousands of these addresses scattered across the blockchain, most of which were mined during 2009.

Actually, as far as I know, all of his addresses have 50BTC each apart from 12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S (https://blockchain.info/address/12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S), which he sent 10BTC to Hal Finney and moved some of the rest.
Didn't know Satoshi sent these to Hal 9 days after blockchain was launched. In my mind that happened by the end of 2009 instead of very beggining. For me, this is another proof that Hal is Satoshi. It adds up when you take into consideration Hal's disease and satoshi disappearing.
It would also make sense why Satoshi only left a quick message saying he wasn't dorian, without signing or anything. He couldn't do much at that point.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: R2D221 on May 20, 2015, 02:13:27 AM
I suppose it can be done if enough people join in this project. Kinda like the SETI project, distributed computing will allow an impossibly difficult problem to be solved by millions of individual systems. If someone can figure out the math, maybe we can estimate how long and how many individual systems it might take to brute force the private key.

No, even then it wouldn't be enough. Please refer to the post about filling the universe with computers and bit having enough computing power.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: thebenjamincode on May 20, 2015, 02:54:10 AM
even though finding the private key is close to impossible
i think there can be a chance of finding it if you are very lucky enough


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: pooya87 on May 20, 2015, 03:33:57 AM
if the private keys of those addresses are found and the coins stolen, i think it would be end of bitcoin, because no one ever will trust bitcoin ever. if a popular address like satoshie's can be hacked all addresses would be in danger.
but as far as i know about private keys and bitcoin, it is impossible to do so...


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: ebliever on May 20, 2015, 05:44:51 AM
With existing technology you could fill the universe with computers

I'm interested in such a technology.
My point was that even if you filled the universe with existing computers, they would not crack SHA-256. There are only 10^78 atoms, give or take, in the universe. Not enough to build enough computers to crack it in a comprehensible timeframe.

https://i.imgur.com/fYFBsqp.jpg

https://i.imgur.com/fYFBsqp.jpg


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: R2D221 on May 20, 2015, 06:37:12 AM
With existing technology you could fill the universe with computers

I'm interested in such a technology.
My point was [...]

It was a joke.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Joe_Bauers on May 20, 2015, 01:34:01 PM
I suppose it can be done if enough people join in this project. Kinda like the SETI project, distributed computing will allow an impossibly difficult problem to be solved by millions of individual systems. If someone can figure out the math, maybe we can estimate how long and how many individual systems it might take to brute force the private key.

Most possibly within the next 100,000,000,000,000,000 years.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: R2D221 on May 20, 2015, 01:57:56 PM
But ofcourse those ching chong [...]

This is racist.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: R2D221 on May 20, 2015, 02:01:15 PM
But ofcourse those ching chong [...]

This is racist.

As much as being called white devil.....

or Brack



Others being racist doesn't give you the right to be racist too.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: R2D221 on May 20, 2015, 02:12:59 PM
If i ask you do you have black friend? is that racism?

No, but if you ask me if I have a “ching chong” friend (the term that you used), that is racist.

Anyway, you dont know racism until you're in China. Go north at the border of Mongolia, racism in America is nothing to what you would see.

Again, the fact that there are racist people in the world does not entitle you to be racist as well. At least try to be a better person.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: Bitcoininspace on May 20, 2015, 02:25:15 PM
Haha, they might be lucky and find it before Humanity has died on Earth.


Title: Re: Chinese team released software to mine Satoshi's coin
Post by: LiteCoinGuy on May 20, 2015, 03:00:44 PM
please download that crappy software and then your own coins are gone...  ::)