\[Bushstar Response Incl\] Fork and 51% the chain of event, including 33000
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I have never been able to contact BTC-e, I approached them a few times in the run up to and on the day of block 33,000 but never got a response.
I would like to know what prompted them to change the confirmations to 50 as this could give us a clue as to what these people are up to.
Are they trying to sell FTC for BTC and ultimately retain both or are they trying to suppress the price. Yesterday we saw massive sell orders pushing the price down and still sat there at a very low price before disappearing.I’m wondering if this incident could have been the reason for the confirms going up. I will go and try to contact them again to get more information.
My thinking is that they are either trying to make money or ruin us. If making money is there goal then with higher confirms on exchanges there are much easier targets now. If they are trying to ruin us then they will stick around and give us an extra incentive to add value.
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[quote name=“groll” post=“6271” timestamp=“1369445901”]
for 33062 to 33069 their was move of coin. Block mine by he, but only a 33062 orphan as of now without anything very suspicious in my eyes at least. this seems just a i get out as fast as i can (would be a good thing in fact)
or he can try to make a 50 transactions fork :'(edited their is a fork but at 33057. 1M FTC. Back in chain for 33062 was in fact making the orphan. a bit weird
[/quote]There is a 1 million fork at [url=http://explorer.feathercoin.com/block/16ffcab392d4c184c27c661ea993419cb1827a61e974a6f0df1980c23ff20ed4]#33057[/url] continued with empty blocks until #33063, then orphaned and got back for another 1 million fork at [url=http://explorer.feathercoin.com/block/7e63d91ed9f47d6207ed89a1f96e5db563ce98b3311f218daef0c4457086ad52]#33061[/url]. This was supposed to be the real [url=http://explorer.feathercoin.com/block/c95d5e20df89f36939d95d268909e20cd3f5dac211df56fa0d1ec8334b1ff1cf]#33062[/url]. Now we are 20 blocks and counting on their block chain…
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[quote name=“Bushstar” post=“6320” timestamp=“1369477269”]
I’m glad we have this thread. We are already making sense of what could be happening. Now that BTC-e has 50 confirms it is safe. I have now contacted Vircurex, BTER and Cryptonit by email. I will go spam their ticketing system in a minute.If this is a pool it would have to be a scrypt pool. Are there any clues as to whether any hash power left the pools at the time of the attacks?
But then considering the CTB (BTC backwards) in the address it could be a member or members of the BTC cult or the CTB could be misdirection perhaps.
Too much guessing will turn us paranoid so we should not start jumping at shadows.
[/quote]If my eyes aren’t cheating me it’s CBT not CTB…
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[quote name=“zerodrama” post=“6258” timestamp=“1369439147”]
You think an LTC pool redirected work toward FTC? (6FeathercoinSucks C T B (btc backwards) seems more of a BTC ONE TRUE COIN tard attack).
[/quote]There you go. I blame zerodrama and then myself for not double checking :) Could it be an anagram or a coincidence?
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It doesn’t matter ultimately. They will be outed. Give it time.
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[quote name=“Bushstar” post=“6332” timestamp=“1369481630”]
I have never been able to contact BTC-e, I approached them a few times in the run up to and on the day of block 33,000 but never got a response.I would like to know what prompted them to change the confirmations to 50 as this could give us a clue as to what these people are up to.
Are they trying to sell FTC for BTC and ultimately retain both or are they trying to suppress the price. Yesterday we saw massive sell orders pushing the price down and still sat there at a very low price before disappearing.I’m wondering if this incident could have been the reason for the confirms going up. I will go and try to contact them again to get more information.
My thinking is that they are either trying to make money or ruin us. If making money is there goal then with higher confirms on exchanges there are much easier targets now. If they are trying to ruin us then they will stick around and give us an extra incentive to add value.
[/quote]I submitted a ticket asking these questions, and they just replied “We know”. Gosh, they are terse guys.
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This is interesting. give-me-ftc got the blocks below in quick succession, one with only 753 shares. This could be lucky.
33,060 Confirmed! unifest 2013-05-24 07:22:20 PM 29,294
33,058 Confirmed! nutnut 2013-05-24 07:03:30 PM 753
33,057 Confirmed! nutnut 2013-05-24 07:02:59 PM 818,496
[size=9pt][i]Source: https://give-me-ftc.com/blocksAuth[/i] You needs to login to view[/size]If you look at the block chain this coincided with a orphan chain 7 blocks long.
The orphan chain has 1 million going out in the first block, this is our culprit holding coins in lots of 49999. The orphan chain was generated hours after the original chain.
Give-me-ftc shows that one of the blocks, 33060 was confirmed so presumed not to be on the orphan chain. So this pool generated the blocks that won out over the attacker.
On block 33062 he is at it again sending a million coins but without any orphans, he sets the block chain moving faster.
This looks like a one failed attempt and perhaps using their resources to speed up their own transactions. I will keep an eye on the block chain to see what is going on. I’m guessing that with BTC-e using 10 confirmations their biggest target is gone.
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btc-e changed 50 confirms to 10 confirms a while ago
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[quote name=“ftcguy2” post=“6435” timestamp=“1369508201”]
btc-e changed 50 confirms to 10 confirms a while ago
[/quote]Thanks. I have edited my post.
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Bushstar, we were lucky with the fork at #33057, but they succeded anyway at #33061. The story is not over, see [url=http://explorer.feathercoin.com/block/b8ef8a0b28d8182951e46b56380580197419e3b311be5cfbac2ff8c2eece4634]#33086[/url].
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[quote name=“Bushstar” post=“6424” timestamp=“1369507170”]
This is interesting. give-me-ftc got the blocks below in quick succession, one with only 753 shares. This could be lucky.
[/quote]give-me-* is has always been very suspicious to me.
Had plenty of times where I was mining at high rates and only received payments for 1/10 of the work done. I mined for about a week with them and decided they were either siphoning for personal gain or had other serious issues.
give-me-* admin also runs multiple pools and admins on trading exchanges which is odd. Perfect setup for some manipulation and insider info.
Regardless of if general public likes them, they are in a sweet position for some serious gains.
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The thing is it looks like give-me-ftc generated the genuine blocks were the attacker failed to get his blocks on to the chain. If someone did throw hash power at the pool it might have thwarted that attempt.
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[quote name=“Bushstar” post=“6480” timestamp=“1369515637”]
The thing is it looks like give-me-ftc generated the genuine blocks were the attacker failed to get his blocks on to the chain. If someone did throw hash power at the pool it might have thwarted that attempt.
[/quote]I find that to be a more plausible story. give-me-ftc has been a well operated pool since the start, and have MUCH more to lose by devaluing the coin by attacking the network than to gain. A 51% attack is a misnomer because the actual likelihood of finding a block is never a certainty, only a statistical probability, so it doesn’t always take 51% of the hashing power to pull it off. Recall that any statistical probability played out approaches 1 (the certainty that it will happen) as time approaches infinity. That means that it’s absolutely possible for a solo miner to perform a 51% attack, it’s just so unlikely to happen we expect it never will before our sun burns out, so when an anomaly shows up, just remember that it was bound to happen eventually.
Really, don’t think about it it too hard, or else you won’t be able to sleep at night.
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Someone has to do the heavy lifting while others get smaller blocks… sigh
from FCPool.com
Block shares
33,073 99 left 200 FTC 2013-05-24 09:49:35 PM 35 hr 08 min 32 sec 1,477,253 -
[quote]Block shares
33,073 99 left 200 FTC 2013-05-24 09:49:35 PM 35 hr 08 min 32 sec 1,477,253[/quote]yeah, that one hurt ::)
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[quote name=“ASDASDASD” post=“6462” timestamp=“1369511184”]
[quote author=Bushstar link=topic=797.msg6424#msg6424 date=1369507170]
This is interesting. give-me-ftc got the blocks below in quick succession, one with only 753 shares. This could be lucky.
[/quote]give-me-* is has always been very suspicious to me.
[/quote]Suspicious on the Internet.
[quote]
Had plenty of times where I was mining at high rates and only received payments for 1/10 of the work done. I mined for about a week with them and decided they were either siphoning for personal gain or had other serious issues.
[/quote]Are you using stratum, did you talk to serraz?
[quote]
give-me-* admin also runs multiple pools and admins on trading exchanges which is odd. Perfect setup for some manipulation and insider info.
[/quote]Running multiple pools using the same technology is called copy and paste. Being a moderator is not the same thing as being an admin. People have to be around for a long while to get mod status.
[quote]
Regardless of if general public likes them, they are in a sweet position for some serious gains.
[/quote]There is no they. There is no position. You are dividing by zero with an axe.
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[quote name=“ASDASDASD” post=“6462” timestamp=“1369511184”]
[quote author=Bushstar link=topic=797.msg6424#msg6424 date=1369507170]
This is interesting. give-me-ftc got the blocks below in quick succession, one with only 753 shares. This could be lucky.
[/quote]give-me-* is has always been very suspicious to me.
Had plenty of times where I was mining at high rates and only received payments for 1/10 of the work done. I mined for about a week with them and decided they were either siphoning for personal gain or had other serious issues.
give-me-* admin also runs multiple pools and admins on trading exchanges which is odd. Perfect setup for some manipulation and insider info.
Regardless of if general public likes them, they are in a sweet position for some serious gains.
[/quote]Mate you need to check your facts. Anyone who knows myself or khaos knows we are open and always respond to any concerns from our members. Also have you checked out any other ftc pool you will find they also host multiple pools does that mean they are also dodgy??.
Lastly i was made a btc-e mod after i started the pool because i was reccomended by another mod. Im not even on there much these days anyway.
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Serraz - Thanks for all your hard work. Perhaps I should have been more clear in my post that your pool generated the genuine blocks that squeezed out the attackers block.
All exchanges with volume have now upped their confirmation count.
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Can someone simplify an answer for me on theese questions? ::)
Also a statement on an own thread or on feathercoin main page would be excellent for calming down those “weak hands”
Sorry if my questions are somewhat stupid but in not an expert in cryptocoins, i do however love the consept :)1. Are we mining on the “real” blockchain
2. Are the 51% attack over?
3. What damage did it do?
4. Are there alot of “fake” ftc coins out there? meaning someone is holding millions of undeserved coins?
5. if you buy ftc at btc-e, can you lose the coins if btc-e find you have bought “fake” coins? -
[quote name=“svennand” post=“6623” timestamp=“1369559798”]
Can someone simplify an answer for me on theese questions? ::)
Also a statement on an own thread or on feathercoin main page would be excellent for calming down those “weak hands”
Sorry if my questions are somewhat stupid but in not an expert in cryptocoins, i do however love the consept :)1. Are we mining on the “real” blockchain
2. Are the 51% attack over?
3. What damage did it do?
4. Are there alot of “fake” ftc coins out there? meaning someone is holding millions of undeserved coins?
5. if you buy ftc at btc-e, can you lose the coins if btc-e find you have bought “fake” coins?
[/quote]There are indeed a lot of topics about this matter, maybe someone can bring all those topics together and write a short recap.
I’ve been not online yesterday and spitting trough all the topics now on what happened and when.
