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822
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Economy / Service Discussion / Re: Blockchain.info Possibly Exploited. Coins Stolen.
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on: November 06, 2014, 05:22:33 AM
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The OP mentioned that he would use shred send while "keeping his IP concealed", this implies that he was either using tor or a no-log proxy, and it is possible that someone used a MITM attack to capture his password and 2FA code, then logged into his wallet, downloaded a backup, then loaded the backup to a new wallet (without 2FA enabled) and sent the coins to an address the attacker controlled
If this were the case then the attacker had at most a 1-minute window to log in since the same 2FA code was used. I would think that some security feature could be easily implemented on the website to prevent the same code from being used back-to-back in 2 consecutive logins. |
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825
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Other / Off-topic / Re: What is the Future of Bitcoin ?
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on: November 05, 2014, 01:30:13 PM
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BTC is doomed to die, and nothing you can do about it
As are the earth, sun, solar system and milky way. Not sure about the universe/multiverse though, depending on which theory you subscribe to. |
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826
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Bitcoin / Bitcoin Discussion / Re: The transaction fee is just ridiculous.
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on: November 05, 2014, 01:15:16 PM
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Miners should either get coins they mine or fees, but not both
Miner's income is supposed to transition from 100% block rewards to 100% fees at some point in the future. If you mined back in 2009-2011 you will remember that fees were 0% back then. When we drop to 12.5 BTC block rewards in a couple of years expect fees to go up. It is working as designed. |
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827
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Bitcoin / Bitcoin Discussion / Re: BITCOIN PAYROLL IS NOW HERE
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on: November 05, 2014, 05:16:00 AM
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I'm confused, how is this different than buying BTC with Circle or Coinbase on payday?
Maybe it happens automatically once set up? For me it would be nice if I could get my yearly bonus checks automatically converted to bitcoins and sent directly to my offline address. |
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828
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Bitcoin / Bitcoin Discussion / Re: Does Bitlocker give the NSA possible access to private keys?
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on: November 04, 2014, 09:06:52 AM
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I would use truecrypt better than bitlocker
its 7.1 release has not been compromised
Bitlocker has some nice features such as the ability to store the private keys in hardware using TPM compatible devices. Regardless of what tiinfoil hatters might think about TPM, this is a very useful feature for servers that need to auto-boot without human intervention, yet at the same time keep data at rest encrypted. I wished TrueCrypt had this feature. |
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830
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Bitcoin / Bitcoin Discussion / Re: CNNMoney - Where did bitcoin go wrong?
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on: November 02, 2014, 06:58:36 PM
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I think that we need an entire new way of working that fits in with the decentralised nature of Bitcoin - CIYAM Open is a vision for this (with Project Managers who pay Contributors to deliver Project Tasks and where there is no formal "job" at all).
I had read an article by a "futurist" around the same time I was learning about Bitcoin who thinks that "in the future people won't have jobs" but will contribute their skills to many different projects as small paid tasks.
That "futurist" may not have been far off the mark. That is essentially my sole source of income and has been for the past eight years, though I tend to contribute a bit more toward the projects I work on than would be described as small, paid tasks. However, I'm certainly not opposed to taking the small, paid tasks as well as they suit my interests. I've found that I have more success, more freedom and just generally more satisfaction in life since I've given up the wage donkey lifestyle. There's also the added benefit of being able to choose which jobs I do and don't want to do. I strongly encourage anyone who is highly self-motivated to give it a try. It can be difficult in the beginning but the potential rewards are well worth it. What's the worst that can happen? You fail and have to go back to having someone else tell you what to do. In short, take risks and love what you do. I disagree, hes basically just trying to make "freelancing" sound futuristic and cool - freelancing has been around and growing for a decade or more, but its not going to take over - maintream people cant do it, dont like the stress of it.... they NEED to work for someone else solidly and permanently... I'm more "freelance style" myself.. but its not for everyone and I dont think it ever will be. Well the main issue with freelance work is that, for most people it is not going to be steady work, the amount of work available is almost never going to be steady, and you are very vulnerable to variations in the health of the economy; this is very similar to being self employed, however you do not quite have the same upside Freelancing is enjoyable if you have a specialized skill and people are willing to pay you highly for it. You can spend the time between jobs enjoying yourself while looking for the next gig. If your skill is less specialized it may still work out for you if you live below your means. However, if you only have commodity skills you should not consider it. |
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832
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Bitcoin / Hardware / Re: How can I send data directly to an Antminer u2 and receive sha256 hash back?
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on: November 01, 2014, 11:54:24 AM
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I'm trying to use the Antminer U2 as a fast SHA256 hash generator. I would like to send my own original data and receive an output of it's sha256 hash.
Is there an API or other information somewhere on how to get direct access to the Antminer's functions?
smith2199
An ASIC is not required for SHA256 hash creation. 'Creating' the hash is not as computationally intense as testing it. There are programs for a PC with a CPU that will do it. There is even javascript code that runs locally in a browser that will do it. Google 'create your own BTC wallet/address' or some such. YMMV  Well, OP was looking for a fast hash generator, so presumably using a CPU or GPU wasn't fast enough for him. Edit: Actually I just realized that without knowing the size of the data he was trying to hash you couldn't even select a suitable architecture. |
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834
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Bitcoin / Pools / Re: [13000 TH] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers
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on: November 01, 2014, 10:38:04 AM
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What sort of liability were you holding when running BTCGuild, I would have thought if that's an issue you could have forced automatic payouts on balances greater than 1.0, 0.1, 0.01 etc etc depending on exactly how low you wanted to get it.
Forcing automatic payouts on dust amounts would make the pool less desirable. Of course, "dust" means different things to different people, but you don't want to end up like I once did with a p2pool wallet where I paid 0.5 BTC in fees to send 2 BTC. |
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836
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 31, 2014, 12:15:15 PM
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Folks, have you considered the likelihood that edgar and searing are the same guy using two different handles, dragging you into their little creative drama for a laugh ?
That would be really creative if true, because in the past they have posted tracking updates for hardware delivered to different hemispheres of the earth. |
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838
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Economy / Service Discussion / Re: How to create an exchange like crypsy or bittrex?
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on: October 29, 2014, 09:30:11 PM
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If you were thinking of buying some software and installing the website, wallets, databases and transaction engines all on the same server, think again.
I can tell you that just the cost for DDOS and IDS/IDS protection for a financial web application start at upwards of $2,000 a month for one site. You need at least 2 sites that are geographically separated for disaster recovery. That doubles the cost to $4,000/month minimum just on protection. On top of that you still need to pay for the servers and software.
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839
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Bitcoin / Bitcoin Discussion / Re: So ... Can Goverment stop Bitcoin ?
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on: October 29, 2014, 09:02:58 PM
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Assume for the sake of argument that the Fed bans bitcoin use in the USA.
The IRS has already released guidelines on how to pay capital gains taxes on Bitcoin. You think the Feds will ban it and end this revenue stream? |
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840
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Economy / Economics / Re: Was Bitcoin actually just a Pump and Dump?
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on: October 29, 2014, 05:05:25 PM
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Well if it were a pump and dump conspiracy I sure as hell wasn't aware of it when I first bought my 90 cent coins and started getting involved in mining. Shouldn't I have lost money since I was not and still am not part of the inner circle?
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