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Re:All Bitcoin private keys are on this website by bhouston on Tuesday December 21, 2021 @07:38AM (#29636782)
Has someone done the expected cost to find a usable BTC address as well as the expected value of a BTC address? What is the ratio?
Re:All Bitcoin private keys are on this website by garmaine on Tuesday December 21, 2021 @07:55AM (#29636900)
Astronomical. You could convert every computer into existence into hunting for used private keys, and run them for the lifetime of the universe, and you’d be unlikely to find even one used key.
Re:All Bitcoin private keys are on this website by bhouston on Tuesday December 21, 2021 @08:02AM (#29636936)
What is the expected speed up if using quantum techniques?

Can quantum techniques allow one to more effectively search for a specific private key to a BTC account?

Re:All Bitcoin private keys are on this website by shawabawa3 on Tuesday December 21, 2021 @08:30AM (#29637158)
Quantum computers can be used to crack public keys for a bitcoin account yes, but an addresses public keys are only published when a transaction is made

Best practice for secure bitcoin accounts is to always send the entire balance when making a transaction, and have the "change" go back to a new address

Re:All Bitcoin private keys are on this website by garmaine on Tuesday December 21, 2021 @10:46AM (#29638474)
Not anymore. With taproot the key used is published on the blockchain when the output is created.
Re:All Bitcoin private keys are on this website by shawabawa3 on Thursday December 30, 2021 @11:06AM (#29737837)
That doesn't make sense.

I haven't published the public key to my bitcoin wallet. If someone sends to my address how do they publish the public key?

There are new output formats with taproot but they aren't mandatory and you can still send to addresses with no published public key

Re:All Bitcoin private keys are on this website by robbiep on Tuesday December 21, 2021 @08:12AM (#29637021)
Well, theoretically, instantly. But that’s kind of like asking what if I had this potion that instantly cured every disease known to man and then some, what would happen. What sort of quantum computer are you talking about? How many qubits?
Re:All Bitcoin private keys are on this website by shawabawa3 on Tuesday December 21, 2021 @08:28AM (#29637151)
not exactly true

BTC addresses that have never sent BTC are not vulnerable to quantum computers as the public key is only sent when a transaction is made. The address you send to is a hash of the public key and irreversible even with quantum computers

Re:All Bitcoin private keys are on this website by garmaine on Tuesday December 21, 2021 @10:47AM (#29638480)
This is no longer the case with Taproot, btw.
Re:All Bitcoin private keys are on this website by robbiep on Tuesday December 21, 2021 @10:12AM (#29638090)
The more you know. Thankyou
Re:All Bitcoin private keys are on this website by lvass on Tuesday December 21, 2021 @08:22AM (#29637106)
I think it's square root of classical computing time, using Grover's algorithm.
Re:All Bitcoin private keys are on this website by HPsquared on Tuesday December 21, 2021 @11:46AM (#29639146)
How do the units work there? The dimensions would be time^(1/2)... That isn't a physical time.

It's it the number of operations which is the square root? (Presumably the different types of computer don't take the same amount of time per operation)

Re:All Bitcoin private keys are on this website by garmaine on Tuesday December 21, 2021 @10:48AM (#29638493)
That’s reversing hashes. Finding the private key for a given public key would be basically instant if your quantum computer was large enough.