Burning coins. How to?

[judeafante]

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.

[1714863590]

1714863590

[1714863590]

1714863590

[1714863590]

1714863590

[1714863590]

1714863590

[jovs]

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.

[szpalata]

Just send them to a random address , 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.

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

[Rahar02]

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:

Code:

Bitcoin address = version + RIPEMD-160(SHA-256( Public Key )) + checksum

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!

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.

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

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

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

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?

[Nanda Dewi277]

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

[thebatletbet]

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

[fikihafana]

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

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