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All Cryptonews Bitcoin News The Bitcoin lottery: solve the riddle to win 16 BTC
The world of cryptocurrencies is full of surprises, and one of them is the so-called “Bitcoin Puzzle”. This mysterious puzzle began in 2015, when someone created 256 Bitcoin wallets and sent funds to them, which are yours if you find the key. But for what purpose?
The Creation of the Bitcoin Puzzle
Well, the answer is simple: for fun, to make money, and to demonstrate how secure Bitcoin private keys are. Your seed phrase generates a 256-bit private key, a sequence of 256 zeros and ones.
Guessing a particular private key would be like winning the lottery nine times in a row. Needless to say, this is an extremely difficult task.
Odds of winning the lottery vs. guessing the private key of a bitcoin
Odds of winning the lottery vs. to guess the private key of a bitcoin. Source
The Bitcoin Puzzle mystery dates back to January 2015, when the initial transaction was created, containing transfers to 256 different Bitcoin addresses. The puzzles have thickened over the years, with funds moving between these addresses in July 2017, increasing the amounts involved and reducing the total number of keys to “only” 160.
In May 2019, the creator of the “puzzles” added a layer of complexity by making outgoing transactions worth 1,000 satoshis to some of the addresses, perhaps to gauge the difficulty of finding a private key for addresses that already had had transactions compared to those who had not.
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