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Author Topic: Possible MtGox Addresses - Don't Get Excited  (Read 577 times)
freedombit (OP)
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April 12, 2014, 08:42:52 AM
 #1

Most of the research into MtGox addresses seem to be centered around trying to find the large sums of money. However, one thing I've noticed with many transactions surrounding MtGox are some very small sums of money being left here and there. Has anyone done analysis on the fractional Bitcoin wallets that MtGox pushed to? Here are a couple examples:

https://blockchain.info/address/19fSXZyiMU28NHZuRx9Taq8U9TPdJZhpdT
https://blockchain.info/address/15UaTbyZc4cLVWyqDGQGMTFsLkT1Li4MVJ



https://blockchain.info/address/1UN8betDtQnp7gA6Bm1oiw1DZyNsjKjhW
https://blockchain.info/address/1CfBMMSTehTJLVFC5fQbtSth3XgBhPUowP

Couple possibilities:

1) Every time a transaction fee is charged and it was below a specified threshold, it may have been pushed to cold storage. Using this method Bitcoin is "skimmed" and stored over time.

2) In the recent high activity days where Bitcoin Days are destroyed.

So, for those of you that have the machines that can mine the data, here are a couple questions for you.

1) During peak Bitcoin Days Destroyed periods (https://blockchain.info/charts/bitcoin-days-destroyed), was the percentage of micro transactions higher than during non-peak time periods?

2) Is there a correlation between the wallets with micro values and known MtGox wallets?

3) For known MtGox addresses, were there transactions where both a large active wallet and micro-value wallet are created, where the micro-wallet has been "frozen" since its creation?


Maybe, just maybe, there are 320 million or so addresses out there containing micro Bitcoin values, in cold storage, just waiting to have a Frappuccino spilled on them.
pblack4
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April 12, 2014, 12:02:24 PM
 #2

interesting..but 320 million addresses is impossible..  the total number of referenced addresses in the block chain is about 25 million and less than 2.5 million have bitcoins in
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