Bitcoin Forum
December 08, 2016, 10:03:31 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Mt. Gox Question - Redeeming private keys  (Read 1141 times)
Nyaaan
Full Member
***
Offline Offline

Activity: 140


View Profile WWW
March 14, 2012, 02:14:21 PM
 #1

If I redeem a private key with nothing on it (generated with vanitygen), will all coins sent to the address associated with it go to my Mt. Gox account always? Or does the feature only withdraw the balance of the key once, and not associate the address with my Mt. Gox account?

Thanks!
1481191411
Hero Member
*
Offline Offline

Posts: 1481191411

View Profile Personal Message (Offline)

Ignore
1481191411
Reply with quote  #2

1481191411
Report to moderator
1481191411
Hero Member
*
Offline Offline

Posts: 1481191411

View Profile Personal Message (Offline)

Ignore
1481191411
Reply with quote  #2

1481191411
Report to moderator
1481191411
Hero Member
*
Offline Offline

Posts: 1481191411

View Profile Personal Message (Offline)

Ignore
1481191411
Reply with quote  #2

1481191411
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481191411
Hero Member
*
Offline Offline

Posts: 1481191411

View Profile Personal Message (Offline)

Ignore
1481191411
Reply with quote  #2

1481191411
Report to moderator
finway
Hero Member
*****
Offline Offline

Activity: 714


View Profile
March 14, 2012, 04:31:52 PM
 #2

Want to know, too.

rjk
Sr. Member
****
Offline Offline

Activity: 420


1ngldh


View Profile
March 14, 2012, 04:33:24 PM
 #3

MtGox will sweep any coins out of the address when it is added, and will keep it for future use and sweep out any coins added later. The coins are sent to a new address and credited to your account.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
Nyaaan
Full Member
***
Offline Offline

Activity: 140


View Profile WWW
March 15, 2012, 11:30:38 AM
 #4

MtGox will sweep any coins out of the address when it is added, and will keep it for future use and sweep out any coins added later. The coins are sent to a new address and credited to your account.

So if I import a private key, I can use the address forever, and whenever someone sends money to it, it goes into my Mt. Gox account automatically. Right?
rjk
Sr. Member
****
Offline Offline

Activity: 420


1ngldh


View Profile
March 15, 2012, 02:48:39 PM
 #5

MtGox will sweep any coins out of the address when it is added, and will keep it for future use and sweep out any coins added later. The coins are sent to a new address and credited to your account.

So if I import a private key, I can use the address forever, and whenever someone sends money to it, it goes into my Mt. Gox account automatically. Right?
If you import it to MtGox, I would not recommend that you use it in your personal wallet. However, yes that is how it works. You may wish to send a satoshi to the address first before importing it, because I'm not sure whether MtGox will import an empty key.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
casascius
Mike Caldwell
VIP
Legendary
*
Offline Offline

Activity: 1344


The Casascius 1oz 10BTC Silver Round (w/ Gold B)


View Profile WWW
March 15, 2012, 11:15:01 PM
 #6

My understanding is that MtGox will permanently sweep anything that comes to it, regardless of whether you send a satoshi to it.

You can add it to your wallet without the sky falling - most likely thing that will happen is that your client will also see that "you" spent any incoming funds immediately after they arrive.  That transaction, of course, will have been issued by MtGox, but your client will treat the transaction as if you did it yourself.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!