Got over a million worth of Bitcoin, but forgot the password to the wallet. What to do?
Six years ago I persuaded a friend to buy some Bitcoins. Now his wallet contains over 1 million dollars worth of Bitcoins, but he has forgotten the password to the wallet.
He has promised me half if I can help him get access to the wallet. What can we do???
Unfortunately, you`'re unable to regain access to your wallet if you've lost or forgotten your password. This is because you don't have access to your wallet or your wallet password. You can read more about how our wallet works here. If you are getting the error message "Error decrypting wallet" when attempting to log in, then this means the password you're using is incorrect.
If you find yourself in this situation, I recommend trying the steps below:
Try to log in using every possible password combination you may have used.
Your 12 word Wallet Recovery Phrase can be used if you forget your password. Enter the phrase using this form to create a new wallet that contains all the addresses and balances contained in your previous wallet. Keep in mind, this process does NOT include funds stored in any Imported Addresses.
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Bitcoin wallets are protected by 256bit encryption meaning there are 2^256 different private key combinations.
Now, With fastest supercomputer power, it will take approx. 1.5 billion years to crack it...
Good News
According to Moore's law computers are getting faster exponentially every year, so if we assume that the computer speed doubles every year, then after 59 years it will take 1.13 year to crack your BTC wallet.
So tell your friend to wait for 59 years....
Maybe he can write it in his will for his grandchildren's so they can try cracking it...:)
That would mean that it would take 1.13 years for anyone to crack anyone's, breaking bitcoin entirely
there is only one way to recover password that i cant tell you in this public answer
Your friend just need to sit down and try his best to remember it. There's not a single thing that can be done about it unless he magically remembers it again.
keep trying to remember the forgotten password ;)
Practice mindfulness for ten years. Train yourself to enter your deep subconscious and search your mind for the password that you forgot.
You and your friend lose all of them. Nothing you can do.
That why bitcoin is very very secure.
There are several ways you can make a new password or you can have a password .it doesn't mean that millions of Bitcoin are present so you can regain your password of any volume of Bitcoin present.
1)if you forget your password then you can recovery your email address and you get your password there.
2)if you have 12 digit password recovery password then you can able to get the new password with the help of 12 digit password,which you can click on forget password and you can type the password there so you get your new password in your gmail account.
3)if you don't have email I'd in which you had registered and also 12 digit code then it would be very difficult to get a new password.So you have to save your password in your gmail account.
In your turn promise me to get half of the half your friend will give you and i will tell you how to recover his wallet ;) :D