Bitcoin Forum

I want to burn some Snow Flakes from the premine. How do I achieve this.  Any best practice?

Just send them to a random address :D, as long as nobody has the private keys to that address (and won't generate them in the future) nobody will be able to access the coins.

Best to send them to an address, that is "provably" without known private key, like "XOXOXOXOXBURNADDRESSXOXOXOXOXO" or something along those lines. Otherwise, nobody can be sure, whether the random address is in fact random, or you actually hold the privkey to it.

I tried sending to fake addresses like XOXOXOXOXBURNADDRESSXOXOXOXOXO0000 or S000BURN0ADDRESS000000000000000000

But console says

How do I guess a valid address ?

You could always create a new wallet, and transfer coins to it and delete the wallet key from your system. Would definitely ensure no one gets those coins in the future.

I'm not familiar with snowflakes, so I don't know what a snowflakes address needs to constitute as a valid address. You are the dev, you should know ;)

It uses Base58Check encoding decimal version 63 (S)

Yet S000BURN0ADDRESS000000000000000000 is not accepted.

DA FUQ is a snowflake coin?  An' don't the OP here claim to be a develolper o' that coin or what?  Don't y'all know how to waste up ya own coin?

Found This https://gist.github.com/CoinWhisperer/6d673f1f3d13da1611cd

Works #1

Send your coins to me i will burn them for you  ;D

if the fundamentals are the same as bitcoin you can't just pick a random address on your own, the address has to match certain rules which is the base58 encoding with checksum.
like this:
you can find articles on how to do it with bitcoin and then change them to your altcoin:
https://en.bitcoin.it/wiki/Proof_of_burn
http://bitcoin.stackexchange.com/questions/1851/how-to-generate-a-valid-bitcoin-address-for-destroying-bitcoins

p.s. donating them would be wiser and easier!

Donating is an awesome idea. ANd you would get extra marketing mileage out of it.

how it could happen you please tell me about it

I thought it was appropriate to criminals who make coins for fraud

The problem with all completely random burn addresses is, that you can't concusively prove, that you don't really know the privkey. PEople would have to trust you. If the burn address is sufficiently non-random, there is no way in hell that you or anyone else knows the privkey.

Maybe use the burn address generator mentioned above and just change "1" to "S"?

Agreed and an interesting solution. (didn't know there was anything like that)
Isn't there a burn coin or two ? What about giving them to that thing ?
Just a thought ..i know little about this issue.

Afaik, Traditional coins don't jump blockchains, so those proof-of-burn coins will have to use burn addresses on the native blockchain of a coin.

https://dev.cryptolife.net/trusted-burn-addresses/

I have bookmarked this page for reference and for future usage,there's been so many altcoin in the market with over supply of their coin and a site like Barr and this addresses are a big help to the community.

Looks nice but how they are guaranteed to have no known or discoverable private key??

Why are these devs keeps creating huge supply for their coin when in fact it is a big turn off for investors,I shunned away from coins that has huge supply in the market especially if all those coins are premine,they just want to make profit.

You're right. The reason why some altcoin's value dumps after it was launched is because of too much supply.
That is the biggest reason why do we have shitcoins in cryptocurrency exchange. We should never fall from dev's plan. Always manifestate before to invest in a cryptocoin.

Just send to a generated (random) address and keep your private keys to yourself.

Agreed, why you want to waste it out instead of donating your coins.
Many people out there are looking for coins if you realize that.


Addresses to burn your coins? Looks like suspicious
We don't know for sure unless there are some legit evidence.


Yes, we don't know if that's true if they actually burn it for real instead of keeping all of it, moreover the coins can't just disappear right?

What....!!! Burning coins,,,, ??? I've heard if the coin can be in burning

mixer and burning for me
you can send your coin, i will send you bitcoin, but only 10% price in ico selling

the serious answer
if you dev you can create addres and send your coin , and then deleted addres and private key
so anything person can't use balance coin in your burn

Simple way

1. Create new wallet address (do not open their private key)
2. Send to your new address
3. Permanent Delete your wallet.dat