Latest posts of: GhostCoinDev

ANNOUNCEMENT -- DEVELOPMENT UPDATE

We just want to let everyone know that the devs are not dead, but have just been busy in their personal lives, GhostCoin will be moving forward. There is a new startup that is offering to create mobile apps and other development work for free in order to build a reputation and has reached out to a number of altcoins in order to build a reputation. So far we are pleased with the development of the mobile app and we will be posting frequent updates in the coming days! Again we want to apologize for the hiatus, we have been busy behind the scenes trying to source talent to develop the mobile wallet, anonymity, and other tech and so far we are extremely pleased with the offers we have received!

So here's the breakdown:

We're not dead! Just very busy working on the new releases and soon-to-be-announced updates!
The mobile wallet and other projects ARE IN DEVELOPMENT, we are extremely pleased with the results and will be posting progress updates in the coming days.
In case you missed it, the new website as well as the block explorer are now live: you can view the website at http://ghostcoin.info and the block explorer at http://crawler.ghostcoin.info

We want to thank everyone for their endurance, things seem to be looking up and will only get better from here, there will be more posts in the coming days with development progress updates!

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ANNOUNCEMENT -- DEVELOPMENT UPDATE

We just want to let everyone know that the devs are not dead (but they may be spooky spectres) and that things are moving forward just as planned with a lot more that is currently in the works. We've listened to the community and those that gave feedback regarding the roadmap. There is much more exciting news coming soon for GhostCoin, which will be announced once the details are finalized!

So here's the breakdown:

We're not dead (but we may be ghostly spectres)! Just very busy working on the new releases and soon-to-be-announced updates!
The new website as well as the block explorer are now live: you can view the website at http://ghostcoin.info and the block explorer at http://crawler.ghostcoin.info
We are currently scouting to bring in top talent to contribute to the project, so far we're very impressed with the talent that's come forward.
We have listened to the feedback regarding the roadmap, and an updated and revamped roadmap will be released sometime soon.

Quote from: ipominer on October 13, 2014, 01:22:16 AM

If you haven't been following GhostCoin closely, here's a quick update on the situation:

There was a wallet/blockchain level exploit which allowed people to mine blocks of any value, including blocks of up to 10M coins. (Not on ipoMiner, but on other pools).

The coin developers have now rolled back the blockchain to block 7629, which was before the majority of the exploited blocks occurred, and the coin is now POS-only with no more POW blocks being able to be mined.

We mined 17 blocks after the rollback block: 7639, 7669, 7776, 7816, 7838, 7855, 7901, 7958, 7972, 8060, 8088, 8310, 8317, 8342, 8362, 8422, 8425. You may see a negative GHOST balance currently because payouts for those blocks have been removed.

I am now going through the painful process of fully auditing transactions that we sent out vs. what exists on the current blockchain. I'll post an update once that has been completed.

@ipominer, if it is of any further assistance please post in the GhostCoin thread a donation address that can be used if possible to compensate those miners affected with a negative balance. If you have any issues please address them in the thread and we will try to provide assistance as promptly as possible.

Thank you.

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ANNOUNCEMENT -- DEVELOPMENT ROAD MAP

We want to thank everyone for making the rollback a smooth transition, everything has been moving forward as planned including the roadmap! The coin is live and actively being traded again on Bittrex and BTER, the roadmap as promised is posted below and the OP will be updated correspondingly. Things are moving forward and there is much more exciting news coming soon for GhostCoin!

As a side note and to provide assistance to the pools that were affected by the rollback we are going to be contacting ipoMiner and requesting a donation address from them to help them in paying out their miners that now have a negative balance. This community is amazing and was quickly able to raise the amount of GhostCoin required by Bittrex for the market to be reopened, and can do the same to help the pools affected.

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For those having issues connecting on mac and linux please download the new mac wallet below, the fix in the source code has been also published to Github. As well, all of the other mac download links from the previous post and OP will also be updated. Thank you @kleineaap for helping the community to sync to the new blockchain.

New Mac Wallet Download: https://mega.co.nz/#!VUNhmBDT!hbGrqKxSmZ23haptoQ5K1zL4d9Ldb88ctX6kpsBrtHw

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Quote from: kleineaap on October 11, 2014, 08:48:55 PM

I suppose add ghostcoin.info as a node for the time being...

Thank you for your assistance, the update to the code that points to the new seed server will be posted shortly.

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ROLLBACK LIVE -- UPDATE NOW

The rollback is now in effect, please download the new wallets immediately and follow the detailed instructions below.

Again a huge thanks to everyone in this awesome community for sticking it out through this ordeal, the rollback will happen and the coin will progress forward.

New Rollback Downloads

Please download the appropriate release for your system and follow the detailed instructions on how to install the rollback binary and properly rollback the coin on your system.

Windows Instructions for Rollback:

After downloading the executable for windows navigate to the following directory in windows explorer: C:\Users\YOURUSER\AppData\Roaming\GhostCoin you may need to type this into the explorer bar to navigate to that directory.
Make a backup copy of the file wallet.dat MAKE SURE YOU HAVE THIS BACKED UP. After backing up the wallet.dat file delete the entire contents of the directory.
Next, paste the new GhostCoin executable into this directory and paste your BACKED UP wallet.dat into this directory and run the GhostCoin executable
After running the executable it will sync after a few minutes to the new blockchain and you will now be using the new blockchain with the rollback.

Mac Instructions for Rollback:

After downloading the DMG for Mac navigate to the following directory in finder: ~/Library/Application Support/GhostCoin you will need to use the finder "Go to folder" option to navigate to that directory as it is hidden by default on Mac.
Make a backup copy of the file wallet.dat MAKE SURE YOU HAVE THIS BACKED UP. After backing up the wallet.dat file delete the entire contents of the directory.
Next, run the DMG file to install the new GhostCoin client then go to the ~/Library/Application Support/GhostCoin directory and paste your BACKED UP wallet.dat into this directory and run the GhostCoin client.
After running the GhostCoin client it will sync after a few minutes to the new blockchain and you will now be using the new blockchain with the rollback.

Linux Instructions:

Download the latest code from the new github repostiory and rebuild the new GhostCoin wallet.
After building the new wallet navigate to the following data directory: ~/.ghostcoin/
Make a backup copy of the file wallet.dat MAKE SURE YOU HAVE THIS BACKED UP. After backing up the wallet.dat file delete the entire contents of the directory.
Next again go to the ~/.ghostcoin/ directory and paste your BACKED UP wallet.dat into this directory and run the GhostCoin client.
After running the GhostCoin client it will sync after a few minutes to the new blockchain and you will now be using the new blockchain with the rollback.

We understand that this is not a perfect solution, but unfortunately there is no perfect solution in this scenario. After a lengthy discourse with multiple parties we decided that this is the best course of action moving forward. Again we would like to thank everyone in the community for their patience, there will be further updates related to the rollback to address any issues.

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ROLLBACK ANNOUNCEMENT -- HARDFORK OCTOBER 11, 7PM GMT

The rollback will be taking place on October 11, 7PM GMT see the following Countdown Timer for when the rollback will occur. At this time the new binaries will be made available for download.

Again a huge thanks to everyone in this awesome community for sticking it out through this ordeal, the rollback will happen and the coin will progress forward.

Here's a very detailed breakdown of everything related to the rollback:

The rollback will occur at block 7629, this is prior to when the 10M block were generated in the exploit, this is the point at which the exchanges automatically halted trading and is where the rollback must occur.
The tests have been excellent, the new blockchain has been established over the past day as pure PoS, and the coin has been staked over the past day (since block 7629) to ensure that PoS is stable. This was done because we needed to establish the fork and make sure it was stable over the past day, the coin has been running very smoothly and we are ready to have the scheduled hardfork as planned on October 11 at 7PM GMT.
We have meticulously gone through the blockchain to track down the attackers and have linked the same attackers' address that created the 10M block to other amounts that were minted. The following: http://ghostcoin.info/address/GT62jvN96FYE1twU8rbHLiu3iQE1BMo9wa shows the other amounts that were minted prior to the exchanges shutting down the markets, as you can see the balance for the account is 0. Implying that all of the coins have been sent to the exchange and have already been/bought and sold and that rolling back to prior than this would make it impossible for the exchanges to re-open markets as they would be in an inconsistent state, this has been expressed by Bittrex in their announcement.
Regarding the other minted amounts prior to the 10M, you can see the attackers had multiple transactions totalling to 5.8M, as you can also see on the block explorer, each new block solved was immediately sent to the same exchange wallet and traded at market value, therefore rolling back any further would not fix anything and make it impossible for exchanges to enable the coins without being in an inconsistent state.
In addition to the exploited amounts described above, there were also blocks generated with a 400K reward such as the following: http://ghostcoin.info/block/00000000003a3465572e5c9e681a4c03731ff95daad67807142d0cca9937c2aa, which account for the supply being over 20 million, these however appear to be the result of a malicious pool operator. The miners on this pool would have received a higher reward than usual, most of these coins it appears have not been redeemed as the miners were most likely waiting until PoW ended before selling their coins.
Moving forward the new coin supply will be in total 27 million rather than 20 million, however we would like to emphasize that many of the exploited coins have already been removed from circulation. The attackers' account on bittrex that exploited the 10M have been frozen and we will work with exchanges to freeze any other accounts the attackers have.

We understand that this is not a perfect solution, but unfortunately there is no perfect solution in this scenario. After a lengthy discourse with multiple parties we decided that this is the best course of action moving forward. Again we would like to thank everyone in the community for their patience, there will be another update prior to the rollback to address any additional questions as everything is setup in preparation for the rollback.

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Developer Announcement -- Rollback Update

All we want to let everyone know that we have been working like dogs night and day to try and resolve the issue and properly rollback the blockchain. The rollback has been completed and is currently being tested, PoW has ended and the coin is now pure PoS from the point of the rollback prior to the exploit. Again a huge thanks to everyone in this awesome community for sticking it out through this ordeal, the rollback will happen and the coin will progress forward.

Here's a breakdown of the latest update:

The rollback has been implemented and is currently being tested, the rollback so far has been working perfectly and the coin going forward will be pure PoS from the point of the rollback prior to the exploit occurring.
Unfortunately the coin supply is still over 20 million, this is due to the fact that other smaller amounts of coins were minted, however it is impossible for the coin to be rolled back any further without making it near impossible for the coin to ever be added again to any exchange. Although the coin supply is over 20 million we will be working with the exchanges to freeze the attackers' accounts and remove the exploited coins from circulation. Sadly there is nothing else that can be done, rolling back any further would lead to an inconsistent state and make it nearly impossible for the coin to ever be traded on an exchange again. This we feel is the best solution to the issue and the only way to bring the coin back and move foward.
There will be another annoucement later today regarding the rollback, we are confident that if the current testing is successful we can announce an exact time and date for the rollback.

Again we would like to thank everyone in the community for their patience, there will be another update once we are certain the rollback is working flawlessly with the transition to pure PoS.

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Developer Announcement -- Fixing the coin, moving forward

We want to thank everyone for their support during this time it has been a learning process from the school of hard knocks for all involved. We want to let everyone know that work is being done constantly to correct the issues and there are significant updates to report.

Here are the latest updates:

A new github account has been created, the fixes have been made, and new keys have been generated as well.
We are working on a getting a rollback implemented to correct the blockchain issues and revert the 10million PoW block.
We are going to have a hardfork scheduled to correct the issue as it only appears to have affected PoW blocks.
New seed nodes are being setup for the new coin hardfork which will be used to sync the new blockchain going forward.

Again our sincere apologies for this issue, we are currently working on the rollback and will announce the hardfork date soon and confirm it with the exchanges. We want to thank again everyone for their efforts to help resolve this issue.

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Developer Announcement -- Fixing the BlockChain

We want to thank everyone in the community for staying strong during this ordeal, we have been working to fix this nonstop and have spoken at length with ritchie, we have come up with a preliminary plan that will fix the issues with the coin.

Everything will be starting fresh with us in full control, including a new github, explorer, sync and alert keys.
The new github will contain an initial commit the same as the current as well as a commit with the fix so that everyone can see it, again we want to thank ocminer for discovering this after a lot of prodding we have discovered the if statement that was missing and will correct this issue.
Following the fix we will commit all of the new alert and sync checkpoint keys, followed by a change to alter the PoW height and set the coin to pure PoS after the rollback prior the exploit being abused.
Following the rollback commit there will be a hardfork commit after which everything will be thoroughly tested on testnet, once the change is stable a date for the hardfork will be set.

We want to thank everyone again for hanging in there through these issues, we have been talking with ritchie at length and we all agree that this is the best course of action.

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Developer Announcement -- Operation GhostBusters

All we want to let everyone know that we are working extremely hard to sort out the issue, we have been in contact with numerous parties and are formulating an action plan to correct the issue. We want to give a sincere thanks to ocminer for his dilligence in discovering the issue and reporting it to everyone, we are going to fix this and things will move on, not one satoshi will be lost.

Here is what's going to happen:

We are going to have a hardfork scheduled to correct the issue as it only appears to have affected PoW blocks.
The addresses that minted the 10million PoW block and others will be blacklisted and balance frozen. We are going to contact ritchie afer the hardfork to resolve the issue and re-allow withdrawals
There will be more future updates regarding the plans to forcibly remove / ignore the illegal block rewards, once a solid plan is established it will be announced to the community.

Again our sincere apologies for this issue, we are currently working on the hardfork and will announce the hardfork date soon and confirm it with the exchanges. We want to thank again everyone for their efforts to help resolve this issue, espcially the efforts of ocminer and the exchanges.

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Developer Announcement -- BlockChain Issues/Shitstorm

All our sincere apologies for the delayed response we are currently in contact with a million people at once trying to sort the shitstorm out and have not had a chance yet to reply on bitcointalk. We are cyptography and cryptocurrency enthusiasts and were contacted by a developer to help create a coin, whom has duped everyone, we are very angered by this and will be doing a hardfork and changing everything over to our control, here is what's happened/going to happen.

We have changed all the credentials to github, etc.
We have been scambling to contact everyone including exchanges and reported the address of the person who did the exploit (he used 1 single address for everything).
There will be a hardfork announced where everything ALL ALERT KEYS, SYNC KEYS, etc. will be back under our control.
The roadmap will be posted as planned

Again our sincere apologies, the coin has a slightly larger supply now yes, but we have reported the address of the attacker to exchanges and the funds have been frozen, these coins are going to be removed from circulation and have not been dumped. We have not seen any evidence of any mass dumping, props to the exchanges for detecting and stopping the attack.

There will be many more updates to follow as the situation progresses please keep an eye on the OP and thread for more announcements.

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GhostCoin Developer Announcement

There seems to be a lot of confusion over both the PoW phase as well as the coin supply, we want to make it clear that this is a very different approach, the coin is simultaneously both PoW+PoS together rather than other coins which transition from pure PoW to pure PoS, this is totally different from what other coins do and therefore has resulted in some discrepancies in the coin supply.

We just want to thank ocminer for helping to clarfiy this, as we are trying a totally different idea with the hybrid approach of PoW+PoS and there are certain to be issues in understanding how it works. We are currently very busy working towards the next set of releases for the roadmap, please ignore the FUD and gloss over the trolls spamming large red text. We are going to be releasing the roadmap today with many more updates to follow! Please keep an eye on the OP and ignore the FUD.

Again, just a reminder you can use the getinfo, getpowblocksleft, and getpowtimeleft commands to get the number of PoW blocks left and also an approximation of the amount of time left in the PoW phase.

For example using the following you can even get an estimate of the time left.

Quote

getpowblocksleft [block]
getpowtimeleft [time-unit] [block]

GhostCoin Developer Announcement

We still have a lot of people confused about when PoW will end, to clarify things this coin is a PoW + PoS hybrid, this means that while the PoW phase is happening blocks are also being solved by PoS. Therefore the PoW won't end until there have been 5000 blocks solved by PoW the PoS blocks don't count towards this total. The reason it is PoW + PoS is to ensure a smooth transition to PoS when it switches, we have seen many other coins fail when they transition to PoS because suddenly millions of coins are staked driving the PoS difficulty way up and resulting in transactions getting stuck for hours, or even days.

You can use the getinfo, getpowblocksleft, and getpowtimeleft commands to get the number of PoW blocks left and also an approximation of the amount of time left in the PoW phase.

Quote

getinfo
{
"version" : "v1.0.0.0-g32a928e",
"protocolversion" : 60014,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 6417,
"powblocks" : 3593,
"powblocksleft" : 1407,
"timeoffset" : -2,
"connections" : 20,
"proxy" : "",
"ip" : "82.118.242.176",
"difficulty" : {
"proof-of-work" : 1201.72071316,
"proof-of-stake" : 0.00548724
},
"testnet" : false,
"keypoololdest" : 1412406303,
"keypoolsize" : 101,
"paytxfee" : 0.00010000,
"mininput" : 0.00000000,
"errors" : ""
}

You can also use the following additional commands to even get an estimate of the time left.

Quote

getpowblocksleft [block]
getpowtimeleft [time-unit] [block]

For example using getpowtimeleft I see that there is approximately another 25 hours of mining left.

Quote

getpowtimeleft hours
25.07790000

In other news we have also been added to another pool, SuchPool.pw if you haven't already we recommend you spread the hash power and point your rigs here as well!

Quote from: InitialDat on October 07, 2014, 01:50:04 AM

Why does the block explorer show 5956 block?

So pow isn't over? Just a tad bit misleading. Sad

PoW is not over, PoW ends after the 5000th PoW Blocks, you can use the getinfo command to keep track of the number of PoW blocks left

Quote

getinfo
{
   "version" : "v1.0.0.0-g32a928e",
   "protocolversion" : 60014,
   "walletversion" : 60000,
   "balance" : 0.00000000,
   "newmint" : 0.00000000,
   "stake" : 0.00000000,
   "blocks" : 5996,
   "powblocks" : 3385,
   "powblocksleft" : 1615,
   "timeoffset" : -2,
   "connections" : 19,
   "proxy" : "",
   "ip" : "82.118.242.176",
   "difficulty" : {
   "proof-of-work" : 1232.28086203,
   "proof-of-stake" : 0.00547808
   },
   "testnet" : false,
   "keypoololdest" : 1412406303,
   "keypoolsize" : 101,
   "paytxfee" : 0.00010000,
   "mininput" : 0.00000000,
   "errors" : ""
}

GhostCoin Developer Announcement

Things are moving smoothly, we want to remind everyone that PoW does not end until the 5000th PoW block there are still over 1600 PoW Blocks Left, you can use the getinfo command for more details.

In other news we will be posting our roadmap tomorrow, we have big plans for this coin and we are certain that everyone is eagerly awaiting the big news, keep an eye on the thread and OP for more details.

Last but not least! We have been recently added to trademybit.com, which is another pool to help support mining GhostCoin, if you haven't already point your miners there and spread the hash power!

Quote from: tbearhere on October 06, 2014, 03:20:53 PM

from suprnova

Suprnova is showing the total number of blocks (PoW + PoW) from getinfo, the information that counts regarding when PoW ends is powblocks and powblocksleft. There are still 2228 PoW blocks left before the coin turns to pure PoS. Remember it's only after the 5000th PoW Block that PoW ends.

Quote

getinfo
{
   "version" : "v1.0.0.0-g32a928e",
   "protocolversion" : 60014,
   "walletversion" : 60000,
   "balance" : 0.00000000,
   "newmint" : 0.00000000,
   "stake" : 0.00000000,
   "blocks" : 4760,
   "powblocks" : 2772,
   "powblocksleft" : 2228,
   "timeoffset" : -1,
   "connections" : 17,
   "proxy" : "",
   "ip" : "82.118.242.176",
   "difficulty" : {
   "proof-of-work" : 1169.08476126,
   "proof-of-stake" : 0.00176558
   },
   "testnet" : false,
   "keypoololdest" : 1412406303,
   "keypoolsize" : 101,
   "paytxfee" : 0.00010000,
   "mininput" : 0.00000000,
   "errors" : ""
}

Quote from: suchnekky on October 06, 2014, 07:34:13 AM

were on block 3855 - giving us 15m total coins, market cap of 29k usd

Quote

getinfo
{
"version" : "v1.0.0.0-g32a928e",
"protocolversion" : 60014,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 3865,
"powblocks" : 2329,
"powblocksleft" : 2671,
"timeoffset" : -1,
"connections" : 21,
"proxy" : "",
"ip" : "82.118.242.176",
"difficulty" : {
"proof-of-work" : 1206.00555646,
"proof-of-stake" : 0.00295263
},
"testnet" : false,
"keypoololdest" : 1412406303,
"keypoolsize" : 101,
"paytxfee" : 0.00010000,
"mininput" : 0.00000000,
"errors" : ""
}

There have only been 2329 PoW Blocks so far, the rest have been solved using PoS, we are only at the half way mark, the PoW phase still has another 2671 PoW Blocks Left.

Happy Mining.

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Developer Announcement -- Explorer Live, PoW Update, New Pools!

DDoS attacks mitigated, server and all seed nodes are running fine, the block explorer is live and running smoothly. You can view the official block explorer at:

explorer.ghostcoin.org

We have been added to several new pools such as the following:

If you haven't already don't forget to spread the hash power.

To clarify things, please note that mining will end at the 5000th POW Block, after which point the coin will transition to Pure PoS, the coin is a hybrid of PoW and PoS which means that coins can be staked and process transactions during the PoW phase, PoW and PoS are running at the same time, but PoW will not end until there have been 5000 PoW blocks. You can use the getinfo command to get the number of PoW blocks remaining.

Quote

getinfo
{
   "version" : "v1.0.0.0-g32a928e",
   "protocolversion" : 60014,
   "walletversion" : 60000,
   "balance" : 0.00000000,
   "newmint" : 0.00000000,
   "stake" : 0.00000000,
   "blocks" : 3797,
   "powblocks" : 2297,
   "powblocksleft" : 2703,
   "timeoffset" : -1,
   "connections" : 18,
   "proxy" : "",
   "ip" : "127.0.0.1",
   "difficulty" : {
   "proof-of-work" : 1196.42578355,
   "proof-of-stake" : 0.00175541
   },
   "testnet" : false,
   "keypoololdest" : 1412406303,
   "keypoolsize" : 101,
   "paytxfee" : 0.00010000,
   "mininput" : 0.00000000,
   "errors" : ""
}

For pool operators you can use the the following to determine when PoW ends.

Quote

getpowblocksleft [block]
getpowtimeleft [time-unit] [block]