Be careful out there... Reposting this because I think this needs to be addressed as an exploit.
Last night around 9PM PDT, I clicked a link to go to CoinChat[.]freetzi[.]com - and I was prompted to run java. I did (thinking this was a legitimate chatoom), and nothing happened. I closed the window and thought nothing of it.
I opened my bitcoin-qt wallet approx 14 minutes later, and saw a transaction that I did NOT approve go to wallet 1Es3QVvKN1qA2p6me7jLCVMZpQXVXWPNTC for almost my entire wallet (2.07 BTC).
I had something like 2.07225 BTC.
This is an exploit that was able to steal BTC from an encrypted wallet without having my password - how is this possible? I thought for the most part that bitcoin-qt was safe against these types of attacks as long as the wallet is encrypted.
This legitimately happened to me and I think this exploit needs to be given some attention, please do not downvote as I want to figure out why this exploit was able to access my encrypted wallet without having my password.
So, /r/bitcoin - what happened here?
More info: Browser - Chrome OS - Windows Wallet Version - 0.8.0beta
http://www.reddit.com/r/Bitcoin/comments/1cokps/java_exploit_stole_all_my_btc/ |
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By the time you get this: july/august you will have a difficulty rate of 40-50million.
Assuming we have the value of bitcoin around 100$ and a diffculty of 50million while mining at 5 GH/s the revenue would be 150$ a month.
Add up power costs, and it makes it almost obsolete..
Huh? $150/month is BAD for a product that only costs $274? What kind of planet do you live on?  Why didn't you read the last part:"add up power costs". So in the first month you would earn 100$, then with the increasing difficulty next month even less ect. If you think getting $ back for your 274$ investment in 3-4+ months is good, go ahead. Yeah, 36 watts... that'd be a whopping $2.07 in power costs. That's why I didn't bother saying anything about power. I think getting 100% back on ANY investment in 3-4 months is a FANTASTIC deal. Heck, getting 100% back on any investment in 8-10 years is fairly standard in the investment world! Like I said, what kind of planet do you live on? Do you truly have better investments to put your money in? If so, tell me where so I can sign up! |
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Scammy indeed...! Is there a way to report scams to eBay?
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Is this still going on?
Absolutely! EDIT: Updated the OP with new payout information. |
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Bitcoin is entirely out of the jurisdiction of the corporate USA. If all you earn is bitcoin, and you don't cash it out - you don't owe the IRS one Satoshi.
Now as soon as you sell them for FRNs - THEN, and ONLY then, do you have to worry about the government trying to steal from you.
I disagree. If you're doing business within the US, regardless of what unit you use for trade, it can at the very least be considered barter. And you DO owe taxes on barter. Thanks for clarifying that. Could you show me the law that says that, please? I couldn't cite for you the specific law, but if you want details, read away...! http://www.irs.gov/taxtopics/tc420.htmlum, yeah, that link isn't to any LAW. Not to mention the fact that not only is the idea completely ridiculous, but its totally unenforceable. Hey, I didn't claim that people are actually reporting on it properly! I'm sure it is based on tax law. The IRS isn't going to go writing up guides on taxation that doesn't match the laws that are in place. |
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By the time you get this: july/august you will have a difficulty rate of 40-50million.
Assuming we have the value of bitcoin around 100$ and a diffculty of 50million while mining at 5 GH/s the revenue would be 150$ a month.
Add up power costs, and it makes it almost obsolete..
Huh? $150/month is BAD for a product that only costs $274? What kind of planet do you live on? |
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Bitcoin is entirely out of the jurisdiction of the corporate USA. If all you earn is bitcoin, and you don't cash it out - you don't owe the IRS one Satoshi.
Now as soon as you sell them for FRNs - THEN, and ONLY then, do you have to worry about the government trying to steal from you.
I disagree. If you're doing business within the US, regardless of what unit you use for trade, it can at the very least be considered barter. And you DO owe taxes on barter. Thanks for clarifying that. Could you show me the law that says that, please? I couldn't cite for you the specific law, but if you want details, read away...! http://www.irs.gov/taxtopics/tc420.html |
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Bitcoin is entirely out of the jurisdiction of the corporate USA. If all you earn is bitcoin, and you don't cash it out - you don't owe the IRS one Satoshi.
Now as soon as you sell them for FRNs - THEN, and ONLY then, do you have to worry about the government trying to steal from you.
I disagree. If you're doing business within the US, regardless of what unit you use for trade, it can at the very least be considered barter. And you DO owe taxes on barter. |
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I've been seriously considering BitFloor again, as I was right before the hack occurred.
So much for that plan... There seems to be a pattern here... Stop considering BitFloor!! |
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Ok then...
Looking to sell 11.65335915 BTC of Bitfloor debt for 2 BTC, contact me if interested. Or send me an offer.
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We are talking about the power draw of the device, not device + host, as host has nothing to do with the efficiency of the miner. Surely someone will post confirmation of the device plugged directly into a killawatt with the host going to another outlet, or will provide such a video on request. USB max power is around 2.5 watts, so that's minimal.
Edit-
Measuring at the jack would be more accurate as mrb states, and I'm fine going by those rules as well. Although, I wouldn't want to depend on three customers pulling out their multimeters and posting a video before July 1st. I'm going to agree with Micon that deciding winners will be pretty clear cut, and I trust that he would accept a video of either method proving 150mh/j
no problems. Measured at the jack is fine. I do not anticipate any issues. It is a good point that the point of measurement wasn't specified in the bet between Micon and myself as well. I think it is reasonable to disclude the power supply inefficiencies. Micon, agree that measurement at the jack and not at the wall is to be used for our bet as well then? at the jack, not the wall no problem. Thanks! |
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The price seems quite stable for the last few hours, 80 - 90. What does brief stability mean in a market like bitcoins?
It seems to me that there's a massive wall at 70 and there's a massive wall at 95. Unless we get some big bad or good news we might hang around 70 something to 90 for a while, but why 70 - 90?
What the are you talking about? A 10% range is not stable, and a few hours is nothing. In the news today Apple shares are crashing today, they are down 5%. Look at that again, 5%. Whatever you want to call the bitcoin market, stable is not the right word. It's certainly stable compared to the last few days, though, which I believe is the point he was trying to make. |
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Yes, someone has, and you pay with Bitcoins.
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We are talking about the power draw of the device, not device + host, as host has nothing to do with the efficiency of the miner. Surely someone will post confirmation of the device plugged directly into a killawatt with the host going to another outlet, or will provide such a video on request. USB max power is around 2.5 watts, so that's minimal.
Edit-
Measuring at the jack would be more accurate as mrb states, and I'm fine going by those rules as well. Although, I wouldn't want to depend on three customers pulling out their multimeters and posting a video before July 1st. I'm going to agree with Micon that deciding winners will be pretty clear cut, and I trust that he would accept a video of either method proving 150mh/j
no problems. Measured at the jack is fine. I do not anticipate any issues. It is a good point that the point of measurement wasn't specified in the bet between Micon and myself as well. I think it is reasonable to disclude the power supply inefficiencies. Micon, agree that measurement at the jack and not at the wall is to be used for our bet as well then? |
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Buy them on ebay for the right price, if they don't send the BitCoin, put in dispute with paypal and you will get your money back. Don't sell bitcoin with paypal, because someone else can do the same thing to you, and bitcoin transactions are irreversable.
Actually, sometimes, Paypal won't reverse the activity, stating that their policy does not allow for virtual goods (or something equally full of bovine excrement). |
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Guys, Girls,
Encrypting file systems, throw away domains, etc.. this is not the right thing to do... it will only paint anyone that uses bitcoins as a SilkRoad using, Tax Evading drug runner...
The best solution is to pay your taxes.
+1 |
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It'll force the IRS to issue some more detailed tax regulation on Bitcoin though. In my mind, that's a good thing, as it'll lend additional credibility to Bitcoin.
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I'm saddened by the fact developers on here need RPC calls compiled into a fancy package for them.
Why? Do people have to be experts in programming to program a Bitcoin website? I would say yes, if they are handling other people's Bitcoins for them, but otherwise, why not develop tools that make working with Bitcoin easier? I am thankful that Xenland has taken it up on himself to develop this set of tools. |
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Ummm... Put in more breakers? Or remove current breakers and put in higher amperage breaker?
Yeah that's how you burn houses down... Never up the amperage of a breaker unless you are certain the wiring can handle it! |
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