Bitcoin Forum

Might be that its just legitime transactions but am pretty worried they're not, I hope someone here can explain this.

https://blockchain.info/blocks/ViaBTC

take this example: https://blockchain.info/block/000000000000000000357c11562377eb7882e0f282674147dd7affeef0f82762

"Unable to decode output address"  Why?

Where do those huge amounts of btc suddenly come from?

Most recent transactions of 10-20k BTC. or another recent one with 37,418.47242639 BTC: https://blockchain.info/block/00000000000000000009237e27163013276a36cad2ecf623abfe7de84b10d04d

It doesn't look like regular transactions to me, can anyone advise?

Take a look at this thread, this already discussed before https://bitcointalk.org/index.php?topic=1453347.0
Or this one, for simple explanation https://bitcointalk.org/index.php?topic=1475024.msg14870713#msg14870713

I have checked out your points and also the solution provided by @cissrawk. And found the solution fruitfull. You can follow the link to know more.

20,000 fake Bitcoins or 20,000 Bitcoin got stolen/hacked ??

McAffee's cold wallet?
:D

Well, you can go and check this link https://bitcointalk.org/index.php?topic=1453347.0 which is discussed before. Moreover you can also give a look to this link https://bitcointalk.org/index.php?topic=1475024.msg14870713#msg14870713

Try changing or switching to a different service if things look fishy or if something does not feel right. These could be flagged addresses placed falsely. Unable to decode the output translates that the output script is not a known or common one that they are familiar with in the first place.

Mainly block chain idea comes from btc also this is very helpful also very tough to hack if this news is true then its really intolerable because its ready tough to hack based on this you can change your system for your securities if you don’t feel good here.

I looked at the other discussions regarding this, but only non sense replies so I'm continuing to look into this further.
I've been looking into this now for some days and noticed those newly generated coins do always originate from the same 2-3 bitcoin pools and they are all:

1: No Inputs (Newly Generated Coins)
2: Unable to decode output address 0 BTC
Address: 18cBEMRxXHqzWWCxZNtU91F5sbUNKhL5PX

120k+ BTC, so someone getting 120k+ Bitcoins and there is no info on the pool??? oh and since the crypto market is dropping you constantly see such non sense huge transactions.

Is there any blockchain expert around to look into this and explain please?

Well it could be a pool of investors that will used to manipulate the market price in bitcoin. As we all know that there are rich people group of them are investing in bitcoin. Maybe they are already parting ways and having a share on the bitcoin that they are investing. There are many possibilities on it and we could not pinpoint the real reason because all are just showing the bitcoin address and there are no names representing the ownership of those bitcoins.

I'm not interested to know who (names etc.) brought those coins into the game, more important is there are no inputs on such very huge amounts of BTC coins. Now that's paradox so we should be able to request more info on those coins origins, it's not important who owns them if they are legitim coins but those  2 very important facts pointed out could well be indicators that those are brought into supply through a fraudulent way, therefore its important to find out asap.

Because Blockchain.info is a lazy company that never thought to write a couple of more lines of code to decode OP_Return (https://en.bitcoin.it/wiki/OP_RETURN) outputs. You can always use other block explorers out there:
https://www.smartbit.com.au/tx/1e946ab6ebe67cba4cfe5a7e737604a3e249bf1956e21dc7862aa1094614d221

37,418.47242639 BTC is the total amount that was transferred within this block which is the sum of outputs in 2779 transactions. You can click on each transaction to see how much each of them are transferring and where their funds come from.

Thats the thing, in order to make them look like regular coins you'll need a way to add them to the chain. I'll be happy if experts say all is good with the blockchain system and those huge transactions are surely no hacks but due to the recent price drops and blockchain developments, interests in this technology the price fall is kind of paradox so looking at those transactions made me think if all is in order.

https://ipfs.io/ipfs/QmYUJkYiuX283LxnJENjYwhhpwzBaRV9sP76JVBXNMAJEE

The address came from ViaBTC mining pool.
 
https://ipfs.io/ipfs/QmUHJn6FDBLW5WEduV2x9BaXr7Kuhrqpi4LLZeNkMQhmYL

It is a null data transaction. Data was embedded in the blockchain. What's important is to utilize other block explorer before sowing doubt and confusion. The 12 BTC was obviously a block reward since it is a mining pool. Blockchain.info or soon to be Blockchain.com is not the only block explorer around for your information. Two outputs were created the other one doesn't contain anything since it is embedded data but blockchain.info is being used to create more doubt even though it is imperative that you should know something about embedding data in the blockchain.

https://ipfs.io/ipfs/QmP7ndJLEWM84rCV1evbzUAvC7n3XJV6BWjJjkxY6o594w

Even walletexplorer.com knew that the error message from blockchain.info is  not an address. Stupidity is being spread by stupid people.

thanks for looking into it, appreciate your time.

So if those amounts came in from a mining/ block reward. Would you be so kind and also look into this address: 18cBEMRxXHqzWWCxZNtU91F5sbUNKhL5PX

thats about 120k+ btc

Rumors are being heard that the blockchain technology has been hacked by someone. It is not at all a good news for the crypto users but hope this condition overcomes soon.

That address is owned by ViaBTC mining pool. Use Blockchain.info and you will see for yourself. 120,000 BTC is not impossible to achieve since ViaBTC owns more than 30% of the total Bitcoin mining industry. It is based in China.

https://ipfs.io/ipfs/QmQEUNyobXLwjSXMQWbo7xidARQcVyScp8reeUCenwsJPo

Just look at the official data. 120,000 is peanuts to miners which is why mining is a sought after way of earning Bitcoins. Now you learned that they are not hacking Bitcoin. They are mining Bitcoins. Don't agonize over stupidity. You are a noob for a reason.

https://ipfs.io/ipfs/QmSeeGFhNbY8wU8yDzjyAGWGVqAPbfczUMBQrAVAjqvrxM

wow, thats a good explanation and it should be all fine considering your statements. Still the amount is not peanuts as it is 0.5% of the total max. supply of all Bitcoins, considering the current circulating supply its nearly 1% that came into the game through mining in one day, I wonder do you perhaps know what's the max. % of coins that can newly be generated within 24h? (in total)

Yes I agree, if blockchain would be hackable so easy, we would be in the big problem all of us, and cryptocurrencies will not be any more Trustworthy for us I think that's the point.

Me too, am a absolute crypto enthusiast and believe this technology will revolutionize our economy but just like anyone investing in new technologies, can also be worried about its security. Therefore I pointed out some facts that worried me. Still thinking that through viabtc pool entered nearly 1% of the total current supply in one day, one address, worried me and I'd like to understand how much in % can be given out on new coins through mining/ block rewards and this within 24h until the max. coin supply is reached.

It's hard to hack the blockchain, even for the genius though. 12 btc is not much when compared to the availability of the number of bitcoin in the market. It could be that the transaction you suspect is part of the rewards of the miners.

the transaction is of 120k+ btc, does anyone know how many % on new coins can enter within 24h??? Just curious

Hackers need 100 more years for hacking Bitcoin with the technology we have. Making Bitcoin hacking is equal millionth of possiblity a meteor dropping on earth. If you are afraid of the wallet's privacy in Blockchain.info, there are much more secure ways to protect Bitcoin. You can try the safest wallets which like a '' Flashcard ''.

I agree with you, its just with all the benefits that come along through crypto its kind of paradox how the crypto market cap dropped since 2018. after some replies here I'm positive all is good with the blockchain system and crypto is safe.

It is impossible that blockchain technology can be hacked. Even if that happens, it may be only on the exchanger part and not on the blockchain system. And proof of transfer you mean, it could be a coin sent by a miner to its members and the amount of coins you mentioned is not too big when compared to bitcoin stock.

Yes I think bitcoin is very easy to hack some hack because they will not be traceable with proof of transaction will not be able to track their existence so they are very easy to hack bitcoin without leaving any trace or fingerprint them