Chinese team released software to mine Satoshi's coin

[hl5460]

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
Most ppl think it's a virus, or it's impossible, pure waste of energy.

[tokeweed]

Interesting...

[fox19891989]

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
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. 

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. 

[jacktheking]

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?

[vm_mpn]

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  

[Miracal]

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.

[Lauda]

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.

[Agestorzrxx]

This is a joke and stupid.
If find a private key is that easy, there is no bitcoin any more.

[NyeFe]

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

[SpanishSoldier]

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

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. 

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.

[louise123]

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
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

[Kaneki]

if this is true and he is successful,it would supposed destruction for price and bitcoin itself.

[S4VV4S]

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

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. 

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.

[SpanishSoldier]

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.

[Q7]

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.

[hua_hui]

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!

[SpanishSoldier]

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.

[AGD]

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.

[NeuroticFish]

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.)

[numanoid]

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 ? . They can mine better with that suer computer of there's