DEFINITION OF BITCOIN FIRSTBITS
Bitcoin Firstbits are the first bitcoin address to appear in a transaction on the bitcoin blockchain that matches a specified prefix.
For example, I often say, "I am the owner of bitcoin firstbits 1GLENCo, 1GlenCoo, and 1GlenCoop".
What does that mean? Let's break it down.
How to confirm what those firstbits are?
Use the search box on https://walletexplorer.com, search for "1GLENCo".
By doing that search you will find a page that indicates bitcoin address 1GLENCoSJJHH7FahyhTi16iwZQcHtMbxA4 is the firstbits address "1GLENCo".
Since I have control of the private key that corresponds to that bitcoin address, then I can say that I am the owner of bitcoin firstbits 1GLENCo.
Follow the same process for the other firstbits combos and you will see:
1GLENCoo58vDpnVAiBHSPbmBQhTQzSMyTh corresponds to bitcoin firstbits '1GLENCoo', and
1GLENCoopvTFq7ZxvJPhrvk8nPbZxbU3hx corresponds to bitcoin firstbits '1GLENCoop'.
WARNING:
Generating your own firsbits combo will consume roughly the same amount of energy as would be required to mine bitcoin. In other words, it will take a lot of energy.
You will spike your CPU to 100% utilization during the execution of supervanitygen. It will run up your electricity bill by leaving your CPU at 100%.
You will spike your CPU to 100% utilization during the execution of supervanitygen. It will run up your electricity bill by leaving your CPU at 100%.
It also risks overheating your motherboard. Most consumer grade computers should be able to handle some max-CPU events by using their own cooling mechanisms.
Make no mistake about it: It will strain your hardware.
Do it enough (as in for days on end) and you'll likely kill your motherboard.
If you have an older laptop laying around that you wouldn't mind losing if it died, use that if you want to generate bitcoin firstbits. Know where your fire extinguisher is before starting supervanitygen. For real. Your computer or laptop could overheat and worst-case scenario catch fire. 🔥🧯🚒
Do it enough (as in for days on end) and you'll likely kill your motherboard.
If you have an older laptop laying around that you wouldn't mind losing if it died, use that if you want to generate bitcoin firstbits. Know where your fire extinguisher is before starting supervanitygen. For real. Your computer or laptop could overheat and worst-case scenario catch fire. 🔥🧯🚒
HOW TO GENERATE YOUR OWN FIRSTBITS:
You can generate your own firsbits combo by using supervanitygen.
PROCESS THAT I USED:
- Find a firstbits combo you might want by searching to see if those firstbits are already taken by searching on https://walletexplorer.com.
- If the desired firstbits are available, you will get a blank search result.
Example:
Let's say you wanted to claim firstbits "1Stacker".
- Search on https://www.walletexplorer.com for "1Stacker", or use this link.
At the time this tutorial was written, that firstbits combo was available.
Once you know it's available, start mining for it using supervanitygen.
$ /usr/bin/supervanitygen/vanitygen nice -n 19 vanitygen -i 1stacker
NOTE ABOUT CASE SENSITIVITY
Bitcoin firstbits are case insensitive. Said another way; it does not matter if you wanted 1Stacker, but 1sTaCKeR is already taken. In that case, firstbits '1Stacker" are taken, even if the actual address was something like 1sTaCKeR12345...
BITCOIN FIRSTBITS ARE FOREVER
Every bitcoin firstbits combo is immutable since each requires an on-chain transaction, and bitcoin transactions occur on an immutable ledger that is the bitcoin blockchain.
BITCOIN FIRSTBITS ARE SCARCE, AND THEREFORE ARE VALUABLE
Since firsbits combos can only ever be mined once, they are by definition scarce. Scarcity creates value. If you think of a firstbits combo that is still available, grab it now before it's gone forever by someone else captures it by chance, or intentionally mines it.
PRIVATE KEYS
When you generate a firstbits address, you will see a public address followed by a private address.
Save the private address somewhere safe. You will need it if you ever want to move the bitcoin sent to whatever bitcoin firstbits address you generate.
After you have saved the private key, send a bitcoin transaction to the associated public address. Watch for the transaction to be confirmed on-chain by using a bitcoin mempool explorer (like https://mempool.space).
Once the transaction is Confirmed, give it a day or so and then check on that firstbits combo again at https://walletexplorer.com. If the search results indicate that firstbits combo corresponds to the bitcoin address that you generated using supervanitygen, then you can rightfully say you are the owner of those bitcoin firstbits.
After you have saved the private key, send a bitcoin transaction to the associated public address. Watch for the transaction to be confirmed on-chain by using a bitcoin mempool explorer (like https://mempool.space).
Once the transaction is Confirmed, give it a day or so and then check on that firstbits combo again at https://walletexplorer.com. If the search results indicate that firstbits combo corresponds to the bitcoin address that you generated using supervanitygen, then you can rightfully say you are the owner of those bitcoin firstbits.