this project is trying to find private keys to random public addresses with btc in it, is it not?
Well, the public addresses appear random, but the private keys "behind them" are not.
E.g. would you know, that
1MaGmdHoZpGzZk8m92rWSJ5LxUGic8RLjv
and
1Gs7mi3eerJwzUrs39fMBa3Uh4skw3ew96
are neighbors? They are at least in one case where their private keys differ by just 1.
Of course you cannot see this until you have computed them. (
http://directory.io/1938276999168)
The pool is generating hash160s from simply incrementing the underlying private keys.
And it checks all generated keys against all known hash160 with unspent inputs on them. Yes.
Well - for a very special definition of "simply incrementing":
i thought that was, for all intents and purposes, impossible due to the truly astronomical odds.
so how is this finding them?
https://lbc.cryptoguru.org/man/theory#what-we-doOne reason why the pool keeps finding is the speed increase. Long term average, the pool is
getting faster and faster. Machines are faster, the generator gets faster, people come and go,
but in the end the more people let the LBC client run, the bigger the impact.
Another reason is, that we may hit private keys that were generated by some badly designed
software, are tests or whatever.
And - of course - another reason may be that this task is not at all so impossible as it is always presented.
btw love the name.

Thanks - me too.
Rico