What happens to lost Bitcoins

What happens to lost Bitcoins? Since the “ownership” of bitcoins is essentially tied to having knowledge of the private key for the address they are stored against, it’s very difficult to prove that nobody knows the private key.

However, it is possible to send bitcoins to an address with no private key, essentially destroying them.

There is no accepted definition of a lost bitcoin that customers are aware of, and it’s unlikely there will be one because of the difficulty in providing proof. The network doesn’t know whether the private key for some bitcoins have been lost. The value is based on market demand. From this perspective, bitcoins that aren’t currently offered for sale are the same as lost coins until they are offered up for sale, at which point the price is affected. Though individuals do have the capability to prove they own bitcoins without offering them for sale, they rarely do so, so you’ll probably never be able to find out much about which unspent bitcoins are still being quietly held and which are lost.

Secure your Lost Bitcoins with www.bitcoinsupport.co . Call @ +1-855-785-2511 for more information.

A “lost bitcoin” is any unspent BTC balance in an account for which the private key has been lost. Without the private key, that balance cannot be spent again. If you lose your wallet file, you are effectively losing all the private keys for the accounts (addresses) created by that wallet. It doesn’t mean that the balance cannot change, since the “lost” account can actually receive new funds (if funds are sent to its public address), but without the private key those funds will become equally inaccessible.

It’s impossible for the network to know when a private key was lost. A balance can remain unspent for a very long time, but it could be by the owner’s choice. So there is really no way to tell. No one can flag a wallet/account as lost, even the owner. This is because without the private key you cannot prove to be the owner anyway.

The Bitcoin price is simply a result of current demand/supply for it. You could say that the more lost coins, the less supply there is, so the prices will naturally rise, but that is simply a by-product of normal trading.

For more information visit @ www.bitcoinsupport.co . Call @ +1-855-785-2511 Toll free Number.

Find my Bitcoin address

To manage your Bitcoins address, you must launch the Ledger Wallet Bitcoin Chrome application. If you didn’t install it yet, this is the way to do it: in your Chrome browser, firstly install the application from the website.

To find your Bitcoin address (required to receive a payment),

  1. Connect your Ledger device
  2. Enter your PIN code
  3. For Nano S and Blue only: Open the Bitcoin application on your device
  4. Launch your Bitcoin Chrome application on your computer
  5. Click on “Receive”, a popup opens
  6. Copy the “Bitcoin address” which is displayed

Please note that your Ledger wallet generates a new address each time you want to receive a payment, thanks to the Hierarchical Deterministic (HD) support. Each address generated by your wallet is yours forever, you can use them several times or just once at your convenience, it won’t cause problems – even if it may be safer to use each address only once.

How to find lost bitcoins address? For best Bitcoin wallet or bitcoin account number call @ +1-855-785-2511 toll-free or visit @ www.bitcoinsupport.co .

Wallet Recovery Services to Find My Bitcoins

Have you forgotten your Wallet Password? Bitcoin and Ethereum wallets are normally encrypted by the customer, the wallet owner. However, sometimes you forget or misplace your wallet password. This is a bad thing! Unless the password is recovered, you have no way to access any funds stored in that wallet. That money is lost forever. At today’s exchange rate, that might be a lot of money.

Hopefully, we can help our customers @ +1-855-785-2511 toll-free.

We have created a service that can take your wallet information, your best guess at your remembered password/passphrase, and attempt a brute force decryption of your wallet.

Impossible?

If you have no idea at your entire password, and it was more than a handful of characters long, then it is unlikely that we can help you. No-one in the world, including the NSA, CIA, D-Wave or anyone else can crack the encryption used in the Bitcoin or Ethereum wallet if the password is more than 15 fairly random characters. The wallet encryption is strong by design. There are no known flaws in the implementations, and many people have tried to break them!

However… do not despair… maybe your password wasn’t as secure as you thought, or maybe it was completely different from what you remember?

Possible!

Wallet Recovery Services to Find My Bitcoins

If, however, you have a vague idea of your password, but can’t quite remember it… Then we can help you.

For instance

If you thought your password was probably TheIceMan123 but weren’t sure about what capitalization or suffix number you used, then we can help.

If you were sure that you wrote down the password when you chose it, but now it will not unlock the wallet when you type it in, then we can help.

If you were pretty sure that your password contained words from a sentence from The Return of the King, but you’ve forgotten which page, then we can help.

If you reckon that your password is some permutation (with some spaces or maybe capitals) of 6 of the words in the list “freed, hello, from, Butter, elephant if, unlikely, green, grep, gorilla, antelopes”, then we can help.

Decryption Service

We have created a highly optimized multi-threaded C++ program to perform the brute-force decryption. This service is designed right from the start to be a scalable solution – it runs on a cluster of high-performance Linux boxes, hosted on the Amazon EC2 cloud. This enables us to scale up to nearly any number of computing cores. We have tested this with up to 100 8-core computers, but more can be brought online if required.

Some of the wallet encryption formats are suitable for solving on GPU (video card) hardware. In these instances, we have hand-crafted highly optimized GPU software to provide huge speed advantages.

The algorithms used to generate the password permutations are proprietary but are designed to be flexible in order to handle unusual requirements. The encryption used by the Bitcoin-core wallets is much harder to break than most encryption schemes. A technique known as ‘key hardening’ is utilized so that it takes most home computers a full 0.1 seconds to check just one password for correctness. This is why an optimized, distributed, specialized program is required to attempt large numbers of brute force decryption attempts.

Wallets

We can decrypt both Bitcoin and lite-coin wallets, ethereal pre-sale and Mist/Geth/Eth wallets and most of the other altcoin wallets. (e.g. Dogecoin, Vertcoin, Peercoin, Mastercoin, Quark, Protoshares, Feathercoin, etc). We support brain wallets and BIP38 encoded wallets too.

Trust

Should you trust us with your wallet? Why won’t we just steal your money? Good questions. If you send us your wallet, and we decrypt the password, then it would be possible for us to steal the money that the wallet holds. (we won’t, but you can’t be sure of that).

Fortunately, the design of the bitcoin-core wallet is such that you can send us just part of the wallet information. The part you send us allows us to decrypt the wallet, without giving us any opportunity to steal your money. See various detailed explanations on the Bitcoin wallet design (google them). Refer to the wallets page for more detailed information. (Note that this applies to bitcoin-qt/Bitcoin/lite-coin/Dogecoin and most other alt-coin wallets but does not apply to blockchain.info or multi-bit or armory or electrum or BIP38 encoded wallets, nor the Ethereum wallets)

Payment

We would like to decrypt your wallet to recover your lost Bitcoin funds. We want to do this because it is fun, it helps you, and we see the possibility of a monetary reward for us. You can pay in Bitcoins, Ether or other alt-coins (of course), typically from the funds in the recovered wallet. Just send us the wallet details, and we’ll try our best to decrypt it. Generally, we ask for a fee of 20% of the value of the wallet, but this is payable ONLY if we succeed in decrypting your wallet and returning your funds to you. If you have a serious need for our services, visit @ www.bitcoinsupport.co and we’ll work something out.

What Next?

If you have forgotten or misplaced your password, send us your wallet (or a subset of your wallet details for bitcoin-core wallets), and your best guess of the remembered wallet password or passphrase. Refer to our contact details +1-855-785-2511 for more detailed information.