I created a wallet using Multibit HD and noted the mnemonic. I sent some money to an address that showed up in Multibit HD. Worked fine. Transaktions are displayed and balance is adjusted. Can be verified on blockchain.info for example.

Using the Mnemonic Code Converter I derived the BIP32 Extended Private Key. With the REST-API of bcoin I both created a wallet using the mnemonic and using the private key. After that I did a rescan at height 0.

Now I would expect that my accounts both have the same balance as in Multibit HD, but both have zero balance and zero transaktions.

What did I do wrong?

  • The bcoin node is fully synced and has progress 1.
  • Both bcoin and Multibit are using Mainnet.
  • Both Wallets show the same master key (the one that was derived on the website). Only the one created by the mnemonic also displays that mnemonic.

During research I already found out that the address used for the transaktion only shows up on Mnemonic Code Converter if I choose Multibit HD as the Client under the BIP32-Tab.

up vote 2 down vote accepted

MultiBit HD uses a BIP 32 derivation path that is different from basically all other wallet implementations. MultiBit HD's derivation path is m/0'/0/i whereas most wallets use derivation paths set by BIP 44 which is m/44'/0'/0'/0/i. So when getting addresses from a MultiBit HD seed, you will need to use MultiBit HD's derivation path instead of the default BIP 44 one used by most wallet software.

  • Is it possible to set up a wallet with the Multibit path using bcoin? Or ist is even possible to set up a wallet that "monitors" multiple paths? – PhilippS Aug 29 '17 at 15:16

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