Is it possible to create a Bitcoin wallet that already has 2 Bitcoin on it?

A question for the BTC nerds ^^

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TapRoot2021
2 years ago

Practically this is impossible or so unrealistic that it can be considered impossible.
Imagine I'm looking for a sandstone from a sandbox with billions of sandstones from billions of sandboxes somewhere in the universe and you're supposed to tell me what I've chosen. The likelihood that you'll find out the same sand grain is about to create the same as a private key that someone already uses. 2^256 is an incomprehensible large number.

TapRoot2021
1 year ago
Reply to  apparmor

So it is not impossible, but very unlikely. 😀

With this justification nothing would be impossible and pointless to ask 😜

It is impossible because you can try it but will not experience it to be successful.

TapRoot2021
1 year ago
Reply to  apparmor

can/can create?

How many times you can depend on your computing power and then you have to check if it has already been used. This is another point: calculating and testing costs energy that will eventually become too expensive for you, which is why you leave it.
And since bitcoin is not prohibited, you can naturally create as many keys as you want. There is no party for bidding you.

TapRoot2021
1 year ago

Random generator. This is just a script that lets the generator dice again and again and then looks whether coins can be found. If you find something like that at Github as a code to bark around, but nobody will ever have been successful with it.

TapRoot2021
1 year ago

But you'd see that in the blockchain, right?

Yes

and you don't see that yet, correct?

Correct.

But even if, it doesn't change the basic problem. Imagine I hide 10 sand grains on a beach and even tell you what. Then there are still trillions of sand grains and you still have to look at all one by one. Satoshi can't have distributed almost as many coins as you could easily find a red sand grain. Especially as it would cost time and energy. So he would have been able to distribute coins forever and would never come to an end.

TapRoot2021
1 year ago

Okay and how do you calculate how many private keys you can create per second? eg with a dinky L540 Thinkpad laptop. ^^

This depends on the computing power and the tools used. I would say that the device would create 1.5 million signatures per second. At a speed of 1.5 million signatures per second, it would take about 10^68 years to try out all combinations, which is far above the age of the universe. Even if one assumes that all 100 million users would be evenly distributed to the area and you only search for a part would still take longer than the person can understand time.

This would also be like lottery but with the use of electricity, but for example with excess PV power, and perhaps then there is an address that has 0.5BTC or 0.2 or 5 ^^

The likelihood of winning the lottery money is to find a key that is already used much higher. If the likelihood were the same, there would never have been a lottery winner.

The power used would be 100% wasted because you would never find a used key in your lifetime. Furthermore, it cannot be said that with more or less energy you could find more or less BTC. It depends on how much would be on an address and since you would never be successful, you would find 0 BTC.