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Author Topic: Is there a way to build a wallet generator till you hit the jackpot ?  (Read 9473 times)
vandeam
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November 05, 2013, 08:47:20 PM
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how complicated is to build a wallet generator, which will generate you adresses till you hit the jackpot ? Huh
is it even possible ?

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newtothescene
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November 05, 2013, 08:52:46 PM
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Mathematically insignificant chance for this to happen.

http://bitcoin.stackexchange.com/questions/7724/what-happens-if-your-bitcoin-client-generates-an-address-identical-to-another-pe
stan.distortion
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November 05, 2013, 08:54:05 PM
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This sums it up:


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November 05, 2013, 08:55:18 PM
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You would make more money putting all that computing power into mining.
vandeam
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November 05, 2013, 09:02:06 PM
 #5

Well thanks for da quick answer.. i think this closes the deal "There is also a chance for you computer to catch on fire, and some of the materials to melt together into a lotto coupon with winning numbers on (and a valid barcode), but it just won't happen because of the chance is so unbelievable small (it's the same with the "click and generate another persons bitcoin address")."

acoindr
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November 05, 2013, 09:17:50 PM
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Well thanks for da quick answer.. i think this closes the deal "There is also a chance for you computer to catch on fire, and some of the materials to melt together into a lotto coupon with winning numbers on (and a valid barcode), but it just won't happen because of the chance is so unbelievable small (it's the same with the "click and generate another persons bitcoin address")."

I hadn't seen that one... may be my new favorite  Cheesy
westkybitcoins
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November 05, 2013, 09:57:55 PM
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how complicated is to build a wallet generator, which will generate you adresses till you hit the jackpot ? Huh
is it even possible ?

To answer the first part of that... no, it's not complicated at all. All private keys are 256 bits. Just start at a reasonable number (or even at the lowest possible private key, which is think is 1,) and calculate it's public key and address. Check for prior funding to the address. If empty, add 1 to the private key and repeat. Hit Ctrl-C when thoroughly bored.

You won't get rich, but it might be a useful exercise in coding key generation. Wink

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Cudahuda
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November 06, 2013, 02:46:34 AM
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Incredibly easy and incredibly worthless.  If you managed to get an address that someone had already generated (which is so unlikely it is relatively impossible), it would likely be an address that you yourself had mass generated.
vpitcher07
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November 06, 2013, 02:52:14 AM
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I love that picture. Simply amazing.

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November 06, 2013, 07:17:37 AM
 #10

You can use vanitygen to crack addresses with giant sums but it will take you a billion years
Statistically it could happen in a second tho.

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Rannasha
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November 06, 2013, 07:24:07 AM
 #11

You can use vanitygen to crack addresses with giant sums but it will take you a billion years
Statistically it could happen in a second tho.

You have no idea of how massively "a billion years" underestimates the true length of time it would take vanitygen to crack an address with a large amount of coins.
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November 06, 2013, 07:41:48 AM
 #12

Overestimate billion^billion

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November 06, 2013, 08:54:00 AM
 #13

This sums it up:
<big image of a star from below>


So basically, you're saying it's possible. Just need to get a bigger star.

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luv2drnkbr
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November 06, 2013, 09:20:14 AM
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brain wallet mining is apparently really profitable.  i guess the majority of people don't realize that the first round hash of "this is a super secure passphrase because it's long" has less entropy than they think it does.

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November 06, 2013, 09:48:28 AM
 #15

how complicated is to build a wallet generator, which will generate you adresses till you hit the jackpot ? Huh
is it even possible ?

It's so possible that someone has done it already. Grin

https://bitcointalk.org/index.php?topic=107172.0

I know this because Tyler knows this.
gaston909
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November 06, 2013, 10:46:52 AM
 #16

Oh really...
TTBit
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November 06, 2013, 11:22:37 AM
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The probability of finding a private key to a specific address is the same probability of finding a hash of all zeroes. I don't know what the lowest hash found to date is (maybe 17 leading zeroes of of 64?), but its not even close. You'll need to have computing power many trillion-trillion times more powerful than the current bitcoin network, and a few trillion-trillion+ years to run it.

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techstorm2
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November 06, 2013, 11:27:54 AM
 #18

This sums it up:




Awesome explanation!!!

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BTC 18vbvovBeM5ZTZqR5ZWAy75EXE7qTNipuo
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LTC Lg3UYGCAe3Tb146PiMqeGNLR7bnjdM447d
Doge DPd1XejW8TabJu5gfjyKnuQYQ9Vzw1anXN
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November 06, 2013, 12:54:50 PM
 #19

Win win either prove security or hit the jackpot

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Joe_Bauers
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November 06, 2013, 04:34:42 PM
 #20

I'm surprised that no one has created a *coin to do this  Wink
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