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So I'm trying the new platform along with 22.214.171.124, I type in my bitcoin address. The miner runs all is fine but then a couple of hours later it just changes to an older address and it's as if I didn't mine anything for the past few hours. Anyone getting this error?
I am using the Chrome ledger app. I used to have a one bitcoin address. Then today I started it up and somehow I had to choose bitcoin and segwit again. And now my bitcoin address is different, although my balance is still right. Can someone explain? PS. I'm extra bummed because the old address was easy to recognize.
semi-quick answers to common questions of new people
so people often ask similar questions over here and because they are getting probably kinda annoying over time to many I just try to answer as many as I find. if you have more that would fit here, add them to the comments
can I recieve coins without the ledger being connected to a computer
how does that work?
basically crypto currencies work like a bank-only currency, all funds are in the Consensus network which basically works like the bank of the currency, they carry out the transactions and verify you are not trying to overspend. all transactions are basically in an accounting book which is referenced to check your currency balance (which is the blockchain)
tldr: does your debit card need to be online for your account to recieve funds? nope.
I just sent/recieved coins, why are they not showing yet?
as the cryptocurrency's bank while being central to the currency (as in no currency can ever leave the network) the bank in itself is not a central institution but anyone can be part of it, and one of the major things that need to exist because of this is Consensus, or in plain english: agreement. because of this, a few blocks need to pass so nobody can manipulate the chain by calculating a different chain that overrides a transaction with a different one (double-spending)
tldr: the network of many needs time to agree whose transactions are processed in what order and therefore need a bit of time
(which in case of bitcoin is typically an hour after the transaction has set into a block)
my transaction does not get into a block
chances might be your fees are too low, while you cannot directly fix this in Ledger live, other wallets allow you to send another transaction with the same "transaction number" (aka nonce) and higher fees which as soon as it gets placed into the chain, invalidates the old one as each number can only be used once.
my bitcoin address changes everytime I try to recieve in Ledger live, is that normal?
yes. it is a privacy mechanism of the standard of how ledger generates addresses, basically allowing you to stay a little bit more private.
you CAN use your old addresses if you really want but it is obviously less private
how does that work and how do I make sure the address is correct?
simply said: complex math. if you for example enter "my secret -> Bitcoin 1" into the sha256 algorithm you get 3f667104b9efdc247d860a35d9343ec2af6adf16ee87d44bcd4a6c2af572bab8, if you however enter "my secret -> Bitcoin 2", you get 58f5c09c46585dca9bf50b2d3beb48766254138c1f89df8111cf7e012b4d7004 which cannot easily be correlated to each other, it's the same concept but more complicated.
for verification, plug in your ledger when recieving and verify your address by using the Ledger's display.
do I need to backup my currency keys often?
nope and in fact there is nothing to backup except your seed phrase. Ledger uses a technique called deterministic wallets, which allows your secret and a standardized sequence of math operations to determine your keys addresses and everything.
the above answer literally illustrates the concept, where you would throw your secret and data about which currency and the how many-th account you need into a complex piece of math and get your data out.
TLDR: all you need are your 24 words.
can I create hidden wallets on my ledger which cannot be easily accessed?
sure. but be warned, THIS IS ADVANCED.
there is a feature called a passphrase, which you can add onto your 24 words (which is why it is sometimes called a 25th word, but it can literally be anything), which works as a way to create a new set of addresses. however unlike your 24 words, there is no checksum and as it can literally be anything it is case sensitive and everything, so be careful when noting it down.
you can either attach the passphrase temporarily (gone when you turn off your ledger) or set up a second PIN with that passphrase stored on your ledger
HELP: I lost my:
if you have your 24 word seed (and passphrase if you use it, you can just reset by entering 3 wrong PINs and recover
if not, sorry, your assets are gone, so KEEP A BACKUP OF YOUR SEED
Ledger Passphrase PIN:
if you have your passphrase, just enter your main PIN and re-attach your passphrase
if you have your ledger PIN, you can move away your coins to an exchange or a new seed (which you either initialize using a second ledger or you use a software wallet for the short term while being SUPER careful (or as a compromise, new 24 words you generate offline) and transfer your funds over there, in case you used a software wallet or an exchange, reset your ledger afterwards and create a new set of 24 words and transfer back to them.
in case you use a passphrase you either need both PINs or main pin and passphrase
in case you do not have the above, it's sad and all is gone yet again.
if you have a passphrase PIN and you know it, you can TEMPORARILY attach a new phrase to your ledger to get new addresses, switch back to the passphrase using your PIN and send the funds over to your new passphrase's addresses.
if not, be sad.
Ledger Live Password
you can just reset ledger live. ledger live is just an application to watch your currency and prepare transactions for your ledger to sign. its contents LITERALLY DONT MATTER
if you dont need the privacy added by the password you can set up ledger live without any password as well.
long story short: your ledger live password doesnt matter, your PINs dont matter too much, but SERIOUSLY, BACKUP YOUR SEED AND PASSPHRASE
I cannot recover, why cant the Ledger makers help me?
unlike in a real life bank which can verify your human identity and issue new keys, to the Consensus network, YOUR KEYS ARE YOUR IDENTITY, and your 24 words are effectively your keys. aside from your backup THERE IS NO BACKUP.
Someone claims to be from [Ledger, the Police, the network of a coin etc.] and wants my 24 words/passphrase to verify something, should I tell them.
I did say your ledger effectively is your debit card, and your 24 words and passphrase are effectively a template for making a new one with full access to your account. and unlike a debit card in real life might have, there are no spending limits aside from the fact you cannot go below zero, and there is no fraud department, or chargeback.
IF ANYONE HAS YOUR KEYS, THEY CAN EMPTY YOUR ACCOUNTS, ALL OF THEM.
Hi, I'm a bit of a newb here but I had a question about the wallet addresses for Bitcoin: I noticed that the addresses change for Bitcoin over time. For example, I have a Swan account that basically dollar-cost averages with withdrawals from my fiat bank account. I can set up an auto-withdrawal from the Prime Trust account that handles the purchasing of the Bitcoin, but I need to obviously give them my Bitcoin address on my Ledger. The problem is that I have noticed that my Bitcoin address changes over time: the address that I put into the auto-withdrawal a few weeks ago is different from the one that I have now to move Bitcoin to my Ledger from exchanges, for example. So my question is, are the "old" Bitcoin addresses that I had and put into the Swan portal for the auto-withdrawal "inactive"? Will I lose the Bitcoin if it attempts to withdraw to those "old" addresses? Thank you!
I want to add my bitcoin address for donation on my website. But with every transaction, my wallet address changes. What's the solution for it?
The wallets claim that previous addresses are reusable but it was not the case with me. Someone sent me transactions on the same address twice. I received the first one but I didn't receive the second one on the same address.
In today's episode of "Have I lost my Pedo Pesos", Butters asks "I was just mixing some bitcoins and I refreshed the browser, now the address has changed, have I lost my bitcoins?!" (Oh and they were "shady mixers" anyway) -- Hilarity ensues ...
Why does my "current bitcoin address" change in Jaxx?
I'm a noob so I realise I am asking a particularly stupid question. But why does the bitcoin address change in my wallet? I thought the bitcoin address was a unique public identifier. how can it change and still associate funds in the ledgeblock chain to my wallet? And I guess the word "current" in "current bitcoin address" implies that it changes and is not a fixed thing. What am I not getting?
I sent a payment of bch from coinbase to bitpay bch wallet it's the right address and it confirmed on the coinbade side but I still havnt gotten the payment to my bitpay wallet. Bitpay is shit. It kept saying the wallet was busy and when I saw the balance there was no change. /r/Bitcoin
What will happend if I recover my funds with Electrum from one private key (not seed)? Exactly, 1Q: How can I get my change address and my private key to this change address? 2Q: Is there such a "BIP" to deploy the whole root from one private key? /r/Bitcoin
What will happen if I recover my funds with Electrum wallet from only one private key (not seed)? Exactly, Q1: How can I get my change address and my private key to this change address? Q2: Is there such a "BIP" to derive the whole needed tree structure from one private key? /r/Bitcoin
When EXACTLY will the address of my bitcoin wallet change?
Sorry if this is covered elsewhere, but I searched around and couldn't find an answer I was happy with. I know that the receiving address for my wallet periodically changes, and I believe this tends to happen when transactions are processed. My question is: When EXACTLY will my wallet's receiving address change? What factors contribute to the address changing? Sending coins? Receiving coins? Will it periodically change regardless of whether a transaction occurs? In short I want to make sure that if I copy my wallet's receiving address (with the intention of sending bitcoins to it in the near future), I want to know exactly how long that receiving address will be valid and ensure that when I get around to actually sending the bitcoins it will still be a valid receiving address. I'm not sure is this varies based on when program you are using for a wallet. I use Electrum for my wallet. If other (non-identifying) info is necessary to get an answer to my question I will provide it. Thanks!
Your address for Bitcoin and Bitcoin-based crypto assets changes every time you receive a transaction. For other crypto assets (Ethereum, XRP, Stellar, etc.) the address stays the same. Bitcoin transactions are public information. Addresses should not be re-used for better privacy. Most wallets will generate a new address each time you receive money, but there might be an option to force them to generate a new address. This will depend on which exact wallet you’re using. P.S. Don’t generate more than 20 empty addresses in a ... Why are my bitcoin and bitcoin cash addresses changing? October 04, 2020 16:20. Follow. Our wallet is built on an HD (or hierarchical deterministic) framework, a privacy-centered method for address generation and management. ... it becomes easy for anyone to track your entire payment history. This method of address generation improves privacy ... On the 100th spending transaction, Bitcoin-Qt moved Alice’s change (which happend to be her entire balance) into an address not in the backup. Restoring the backup only restored empty addresses. Recovery: Even if a hard drive can’t boot an operating system, individual files can still be recovered. When checking your crypto address from your primary account page, you may have noticed that the address currently displayed differs from one you have seen listed in the past. We automatically generate a new address for you after every transaction you make or when funds are moved between your wallet and our storage system.
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