Posts made by dgiors

Mine my friend. ;D Convince others to mine. Hash rate has grown but we’re still vulnerable.

The block chain appears to show that 51767 to 51800 were injected. I didn’t verify them all but if they are that’s 34 confirms. By far the longest attack yet.

I just put in my like. I’m Darryl Giors on FB

Are we allowed to trade other cryptos on here?

[quote name=“Nutnut” post=“11918” timestamp=“1370817753”]
[quote author=dgiors link=topic=853.msg11911#msg11911 date=1370817215]
2 miners just brought more than 15 GH/s apiece onto wemineFTC.
Glad to see some big guns joining the fray.
[/quote]
Assuming you mean MHs? That’s because Give-me-ftc went down.
[/quote]

LOL, corrected.

So that explains the crazy hash rate fluctuations, in part. Thanks so much for the update. Keep on fighting the FUD in the trollbox

2 miners just brought more than 15 MH/s apiece onto wemineFTC.
Glad to see some big guns joining the fray.

Heard you, nice work. Now get some sleep ;D

[quote name=“sheepson” post=“7772” timestamp=“1369828792”]

Yes that is enough, you don’t need to backup on balance change, only when you add another wallet address your wallet.dat changes. :)
[/quote]

Ahhh, thanks for the distinction that the file changes when you add a new wallet address. That makes perfect sennse.

I have a simple question.

Is it sufficient to backup your wallet.dat just once?

I understand the need to keep multiple copies in safe places but my question has to do with if the file is static or not. My best guess is that it’s unchanging so there’s no need for a rolling backup of the file.

Thanks in advance.

FUD is cheap. Having a level head is what takes discipline.
Crypto exchanges et al must comply with banking regulations or face the consequences. I haven’t heard of any gov’t action against such entities in which they were in compliance of laws and regulations. Thus far.
The ones minding their Ps and Qs are left to conduct business. Seems fair to me.

Voted.

So FTC2, it’s a joke but what’s the punchline?
Is it a coin that actually exists or is it a cheeky name for the FTC fork?

Personally I don’t get it.

[quote name=“ghostlander” post=“6323” timestamp=“1369478026”]
The exchanges will defend themselves in such or another way. The attacks slow down transactions, make them restart due to orphans, people spread FUD, then panic and dump. If the attackers needed 2GH/s to make profit through BTC-e, they can damage the network operations seriously and continuosly with much less hash power. What we have now is 0.3GH/s, too little to resist.
[/quote]

I completely agree about hash power. We’re just a little too small at the moment. BTC and LTC cast a big shadow when their hash rate is so much larger than ours.

Any bright ideas to get more miners? Unless I’m missing something I think it should be at the top of our list.

Of course other goals will make mining more attractive. I’m suggesting making all our efforts a means to an end, more value and more miners.

[quote name=“pyxis” post=“6175” timestamp=“1369427288”]
Was thinking the same, looks like the payout was very roughly 1 ftc per 10Khash, going by the payouts you & I received and our average hash rates. (note my miner is called spoodle)
[/quote]

Awesome to meet you spoodle. You’ve been doing great for our pool in recent memory.

I do about 1Mhash and my payout was 100FTC, your math seems correct.

[quote name=“Bushstar” post=“5980” timestamp=“1369394830”]

There is nothing new here, we have seen these attacks several coins over time including ours. The best solution is to grow too large for these guys to have an impact on us like making blocks orphans.

I am still gathering information on what happened and intend to post something about it all.
[/quote]

Thank you for looking into it. Maybe I’m too new to crypto that I haven’t seen this happen, only heard about it.

I look forward to your findings, keep up the excellent work.

I’m concerned that the blockchain was apparently hacked with block 33,000 and 33,001. If it was simple vandalism that isn’t going to have far reaching effects. However, if something more devious occurred I don’t want to see FTC harmed as a result.

Can it be confirmed that there wasn’t any double spending or extra coin generation?
Might there be some fallout from the event that will cause FTC to be viewed as insecure?

Some official response to the event seems appropriate.

[quote name=“steganos” post=“5815” timestamp=“1369331676”]

There are two results in the blockchain when searching for block 33000:

http://explorer.feathercoin.com/search?q=33000

How can you tell which one is valid?

The block from wemineftc.com has an address of 1MXX4zZuFvWXwJc3ZmFyhT1AjRYaN9wAbd.

The other block has an address of 6p[b][color=red]FeathercoinSucks[/color][/b]CBTuauhTGi8cdDCV

It seems a bit suspicious that this would be the winning address.

The wemineftc.com block has an earlier timestamp.
[/quote]

Smacks of a 51% attack no? I mean what are the odds? Orphans are so rare on wemineftc.

[quote name=“zerodrama” post=“5642” timestamp=“1369288442”]

Justabitoftime JUST BLEW ME AWAY when I saw him on trollbox. I could not believe he was that motivated. Reminded me of early litecoin. The technicals will bring in the miners.

We are 2x what we had just 2 days ago.
[/quote]

I love it.

[sycophant]
Allow me to thank the entire team, but most of all Bushstar for taking the long-view. It’s easy to launch a crypto for quick gain, but it’s a labor of love to nurture it for the future. Thanks for taking quick action doing what needed to be done by creating the fork. The BTC reward was a stroke of genius too.
[/sycophant]

Kudos to all who stuck with FTC through better and worse.
Now let’s get everybody fired up for the crypto we love best!

I’m happy about the fork for numerous reasons. Obviously the regulation of difficulty swing combined with more frequent retarget will help stave off slow block rates. But here’s the bigger reason.

It seems like too many people out there write off FTC as an also-ran. Countless times I’ve heard people ask “how is it different from Litecoin except there are more of them?”.

Until now the only answers we had were to talk about the awesome developer and the tremendously active community. How fast FTC elevated itself to useful parity with LTC and how we anticipate it being accepted and traded in more places than the coin it was built upon.

But those arguments often fall upon deaf ears. Few out there seem to grasp the value, the necessity of the community to push a cryptocoin’s potential.

So at least now we can trumpet the faster retargets and limited diff change. Those are technical features that can attract the naysayers. Surely some will still write FTC off, but it might be enough to turn heads that would otherwise remain uninterested.

Truly the dev and community are the biggest assets of FTC, but the technicals may act as the hook that reels the doubters into the fold.

Almost forgot, if you want to assist in paying my electricity bill here’s an addy:

6vY8FSbfXMdLEqjpHNGzkcnZa2XXKF9opk