Assume I'm a miner. I would have the complete UTXO set with me. Let us say I try generating random keys and hash the public keys generated and compare it with the utxo set until I find a match. When I find a match, I can transfer the money of that address to my own account since I would have the private key as I myself generated the key. Why would this not work? (I'm pretty new to bitcoin, so apologies if this is a stupid question)
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What is your estimate of the expected time until the first success? – WillO Jul 03 '21 at 12:05
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Related: https://bitcoin.stackexchange.com/q/105180/13866 – RedGrittyBrick Jul 04 '21 at 09:39