\[Bushstar Response Incl\] Fork and 51% the chain of event, including 33000
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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. -
[quote name=“sheepson” post=“6624” timestamp=“1369560103”]
[quote author=svennand link=topic=797.msg6623#msg6623 date=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.
[/quote]I to have been looking around the forum, but theres alot of threads, and a lot of different info.
Bushstar should make a locked sticky post at top with info on the feathercoin problem. Will also be much easier to defend against all the trolls in btc-e trollbox when you can reference to an official statement. -
Some quick answers.
1. Are we mining on the “real” blockchain
Yes.
2. Are the 51% attack over?
We are keeping an eye out to see if this person tries again. Exchanges have upped their confirms and they would probably be the targer.
3. What damage did it do?
Gave ammo to FUD merchants. Nothing else has been reported.
4. Are there alot of “fake” ftc coins out there? meaning someone is holding millions of undeserved coins?
No. Coins the end up in blocks that get orphaned are not going to be around for long at all.
5. if you buy ftc at btc-e, can you lose the coins if btc-e find you have bought “fake” coins?
Coins in soon to be orphaned blocks would not last the 10 confirmations it takes to get them on to BTC-e.
It sounds like you’ve been listening to the troll box. That place gets me so mad that I’m trying to stop myself looking at it. It is a real shame to see so many long time members who I spent time with just spend their time spreading FUD. There seems to be people on there who spread FUD constantly all day long. The things they make up can really get to me so I’m not looking anymore. Though my wife does come running in once in a while to show me something, that troll box makes her so angry to :)
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[quote name=“Bushstar” post=“6622” timestamp=“1369559732”]
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.
[/quote]Bushstar. Was in no way aimed at you not at all. You guys are actually activly developing your coin which is why i created the pool in the first place. Anything u or nay of teh devs need from me to find out what happened and where the attack gcame from just let me know.
I also believe a huge thanks is due for your hard work is resolving the issue and beign ontop of it straight away. keep up the good work.
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[quote name=“Bushstar” post=“6627” timestamp=“1369560711”]
Some quick answers.1. Are we mining on the “real” blockchain
Yes.
2. Are the 51% attack over?
We are keeping an eye out to see if this person tries again. Exchanges have upped their confirms and they would probably be the targer.
3. What damage did it do?
Gave ammo to FUD merchants. Nothing else has been reported.
4. Are there alot of “fake” ftc coins out there? meaning someone is holding millions of undeserved coins?
No. Coins the end up in blocks that get orphaned are not going to be around for long at all.
5. if you buy ftc at btc-e, can you lose the coins if btc-e find you have bought “fake” coins?
Coins in soon to be orphaned blocks would not last the 10 confirmations it takes to get them on to BTC-e.
It sounds like you’ve been listening to the troll box. That place gets me so mad that I’m trying to stop myself looking at it. It is a real shame to see so many long time members who I spent time with just spend their time spreading FUD. There seems to be people on there who spread FUD constantly all day long. The things they make up can really get to me so I’m not looking anymore. Though my wife does come running in once in a while to show me something, that troll box makes her so angry to :)
[/quote]hehe sorry, no havent looked much in the trollbox, just been on btc-e buying some ftc’s, just emptied my last hard earned btc for ftc so now i have 13k ftc.
That raises some consern u may say ::), also since im not to smart when it comes to ble blockchain consept, it is kind of nice to know what to answer if someone asks about the issue that have happend…The trollbox should in my opinion be removed. Way to much bullshit on it to take it seriouse.
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I suspect these guys for attack.
http://wemineltc.com/
i was told they had 5btc give away for 33000 block.
and have about 2.3gh
