minerstat
Published in

minerstat

Wallet address validator

When every one of us entered the world of crypto, the first thing we were introduced to were wallets. While most of us probably imagined a wallet as a simple and cool app, it is in reality pretty basic and it consists of two large strings of numbers and characters: one is a private key and one is a public key.

We won’t go into details about cryptography and how private and public key works, but you can read all about it here.

Simplified, when you own a pair of private and public keys, you can ensure that:

  1. The transaction was really sent by you: you encrypt it with a private key and the public can use your public key to decrypt the transaction.
  2. The transaction was really meant for you: the sender encrypts the transaction with your public key and only you can decrypt it with your private key.

Hence, you must never share your private key - always just a public key.

To help all newcomers to the crypto and crypto mining world better understand which wallet address they must use, we have introduced a new tool called wallet address validator.

You can select a coin and paste the address to validate it. Here are some examples of common mistakes. Pools sometimes detect these mistakes and drop the connection or reply with an unauthorized error.

❌ Using a private ETH address for mining on ETH pool

Private ETH address starts with 0x but has a length of 62 chars instead of 42 chars.

❌ Using a BTC address for mining on ETH pool

BTC address is entirely different from ETH address.

❌ Using a random address you find in your wallet provider for mining on ETH pool

Any other address that doesn’t start with 0x and has 42 chars won’t work.

❌ Using special characters in your address for mining on ETH pool

Any other address that doesn’t start with 0x and has 42 chars won’t work.

✅ Using a public ETH address for mining on ETH pool

Public ETH address starts with 0x and has a length of 42 chars.

⚠️ Important: The tool will try to validate the syntax of your address and is unable to actually confirm if a specific address exists or belongs to someone. Regardless of the results of this tool, you must always double-check that you are sending/receiving coins to an existing address that you actually own.

Join minerstat

Want to take your mining monitoring and management to the next level? Join minerstat and start for free.

--

--

--

minerstat® is a crypto mining monitoring and management platform.

Recommended from Medium

Avalanche Price Prediction: AVAX Price To Hit $100 This Weekend As Terra Buys $100m AVAX Tokens

Part 3 — Tackling Security Culture and Awareness

{UPDATE} My Baby Care World Hack Free Resources Generator

{UPDATE} Muay Thai Fighting Hack Free Resources Generator

CyCraft Japan joins the Nippon CSIRT Association

EU members reportedly plan for AML watchdog to oversee crypto firms by 2024

Lame | HTB | Walkthrough w/o Metasploit

Here’s What You Missed at CES 2022

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
minerstat

minerstat

minerstat® is a crypto mining monitoring and management platform for ASICs, GPUs, and FPGAs. https://minerstat.com

More from Medium

Get Started with Starcoin | Starcoin

The Kava Surge Program

Secret Network Ecosystem Roadmap — February Update!

Welcome to UseCrypt Nation!