[XCT] C-Bit - Elegantly Solving Bitcoin's Blocksize Problem [SHA256][POW]

[mtnminer]

what are you guys trying to figure out? it's all pretty clear. there is no mystery here.

someone went on the network with a few ph/s (they've already admitted that here in the thread, also that is alot larger than a 51% attack, its more like a 500% attack)

luckily, they were noobs and mined on low difficulty ports on the c-bit official pools, and it crashed the unomp stratum due to being overwhelmed with shares.

this caused the difficulty to drop since there was alot less hashpower after.

there's about 40th/s on the network right now. the difficulty is climbing back up/adjusting, and its over 9 million. there are 6 blocks being made per hour. a block releases at a difficulty of 1 when it takes too long and gets close to being only 5 blocks in an hour. this is standard in both bitcoin and c-bit, as well as many other coins with a bitcoin codebase.

i don't know why anyone is confused about this.

if you increased the network hashrate by 500% on the bitcoin network, the same thing would happen, but instead of it costing a few thousand dollars, it would cost hundreds of millions. (estimated, i dont feel like doing the math)

the only solution to prevent this from happening again, would be to put more steady hashpower on the network, and/or change the retarget from 2016 blocks (2 weeks) like bitcoin, to something much lower, like a few hours.

as far as what you guys should do with the millions stuck in the pool, that is up to you. personally i would burn it, by sending it to an address that doesnt exist, like 1cbitBURN212h12kjl312jk3jk or something. i certainly wouldnt reward the idiot that did this. i'd assume it was malicious. i can dig up his info and post it here in the thread if thats what the community/devs want.

if anyone needs help, feel free to contact me.

I think the idea of setting the complexity to adjust every few hours until our hashing power is built up and the complexity is consistantly staying up is a good idea.  I am ot sure it would stop a 51% attack, but might make it less sucesfull for the attackers.  I am not sure there is anyway fro prevent a 51% attack as long as we are small and new.

Mtnminer

[gembitz]

what are you guys trying to figure out? it's all pretty clear. there is no mystery here.

someone went on the network with a few ph/s (they've already admitted that here in the thread, also that is alot larger than a 51% attack, its more like a 500% attack)

luckily, they were noobs and mined on low difficulty ports on the c-bit official pools, and it crashed the unomp stratum due to being overwhelmed with shares.

this caused the difficulty to drop since there was alot less hashpower after.

there's about 40th/s on the network right now. the difficulty is climbing back up/adjusting, and its over 9 million. there are 6 blocks being made per hour. a block releases at a difficulty of 1 when it takes too long and gets close to being only 5 blocks in an hour. this is standard in both bitcoin and c-bit, as well as many other coins with a bitcoin codebase.

i don't know why anyone is confused about this.

if you increased the network hashrate by 500% on the bitcoin network, the same thing would happen, but instead of it costing a few thousand dollars, it would cost hundreds of millions. (estimated, i dont feel like doing the math)

the only solution to prevent this from happening again, would be to put more steady hashpower on the network, and/or change the retarget from 2016 blocks (2 weeks) like bitcoin, to something much lower, like a few hours.

as far as what you guys should do with the millions stuck in the pool, that is up to you. personally i would burn it, by sending it to an address that doesnt exist, like 1cbitBURN212h12kjl312jk3jk or something. i certainly wouldnt reward the idiot that did this. i'd assume it was malicious. i can dig up his info and post it here in the thread if thats what the community/devs want.

if anyone needs help, feel free to contact me.

look noob ===vvv all the 1.O diff blocks go to the attacker !  ~ pfft you guys need another hint?  


54983   2016-03-22 23:48:57   3   1885.83161148   1.0   27492000   68.8401   30.0157%
54982   2016-03-22 23:28:46   2   15500.0100089   1.0   27491500   68.8261   30.041%
54981   2016-03-22 23:08:36   3   2479.20837787   1.0   27491000   68.8121   30.0321%

[sunerok]

look noob ===vvv all the 1.O diff blocks go to the attacker !  ~ pfft you guys need another hint?  


54983   2016-03-22 23:48:57   3   1885.83161148   1.0   27492000   68.8401   30.0157%
54982   2016-03-22 23:28:46   2   15500.0100089   1.0   27491500   68.8261   30.041%
54981   2016-03-22 23:08:36   3   2479.20837787   1.0   27491000   68.8121   30.0321%

they arent going to an "attacker" you baffoon lol they are going to the c-bit pool that has the most hashpower  

edit: and they are 1 diff because they are 20 minutes apart and there needs to be 6 per hour haha what an idiot

edit edit: they went to the "Foxtrot" pool http://foxtrot.btc-bit.com/stats

lmao you are acting like there is a conspiracy here and its hilarious.

[gembitz]

look noob ===vvv all the 1.O diff blocks go to the attacker !  ~ pfft you guys need another hint?  


54983   2016-03-22 23:48:57   3   1885.83161148   1.0   27492000   68.8401   30.0157%
54982   2016-03-22 23:28:46   2   15500.0100089   1.0   27491500   68.8261   30.041%
54981   2016-03-22 23:08:36   3   2479.20837787   1.0   27491000   68.8121   30.0321%

they arent going to an "attacker" you baffoon lol they are going to the c-bit pool that has the most hashpower  

edit: and they are 1 diff because they are 20 minutes apart and there needs to be 6 per hour haha what an idiot

edit edit: they went to the "Foxtrot" pool http://foxtrot.btc-bit.com/stats

lmao you are acting like there is a conspiracy here and its hilarious.

ok wiseguy show us wheres the outgoing transactions from this gimmick "pool" ===> http://cryptobe.com/address/1Qk3HDZgr9fh5NR6wasdX2FTexLKnzF2j


    

[sunerok]

look noob ===vvv all the 1.O diff blocks go to the attacker !  ~ pfft you guys need another hint?  


54983   2016-03-22 23:48:57   3   1885.83161148   1.0   27492000   68.8401   30.0157%
54982   2016-03-22 23:28:46   2   15500.0100089   1.0   27491500   68.8261   30.041%
54981   2016-03-22 23:08:36   3   2479.20837787   1.0   27491000   68.8121   30.0321%

they arent going to an "attacker" you baffoon lol they are going to the c-bit pool that has the most hashpower  

edit: and they are 1 diff because they are 20 minutes apart and there needs to be 6 per hour haha what an idiot

edit edit: they went to the "Foxtrot" pool http://foxtrot.btc-bit.com/stats

lmao you are acting like there is a conspiracy here and its hilarious.

ok wiseguy show us wheres the outgoing transactions from this gimmick "pool" ===> http://cryptobe.com/address/1Qk3HDZgr9fh5NR6wasdX2FTexLKnzF2j


     

are you blind?

Transactions in: 9488
Received: 4649120.39247834 XCT
Transactions out: 9448
Sent: 4629520.38077819 XCT

learn how to read a blockchain, then come back.

[sunerok]

btw, anderson705 and gembitz are the same person. just an fyi everyone.

edit: unless they just live in the same house in southern california 

[theboccet]

btw, anderson705 and gembitz are the same person. just an fyi everyone.

edit: unless they just live in the same house in southern california 

Lol why you spoil  I was getting a great moment with some bla bla with him and I think that his target is just to have more coins dumped cheap to accumulate (maybe).
Everyone know that the network has recovered when the Diff reached 2M and the return of 10min blocks average.
this coin have potential and for now was threatened once.With a stady grow it will face many other types of attempts to kill it,just because the majority of mankind are afraid of changes.
So guys we can move forward and look for the future.This issue is already from the past.

[mtnminer]

btw, anderson705 and gembitz are the same person. just an fyi everyone.

edit: unless they just live in the same house in southern california 

Lol why you spoil  I was getting a great moment with some bla bla with him and I think that his target is just to have more coins dumped cheap to accumulate (maybe).
Everyone know that the network has recovered when the Diff reached 2M and the return of 10min blocks average.
this coin have potential and for now was threatened once.With a stady grow it will face many other types of attempts to kill it,just because the majority of mankind are afraid of changes.
So guys we can move forward and look for the future.This issue is already from the past.

I totally agree, I am ready to move forward and see hashing growth and prices begin to creep up.  We also need some time to build a positive attitude and trust as we see consistent payout from mining.

It would also be great to see others bring old miners back online, we need lots of small miners putting their hashing power here and working together to build up the complexity and reliability.

mtnminer

[OSMIUMCOIN]

I like XCT  

[mtnminer]

I like XCT  

Those images look great, good job.

Mtnminer

[gembitz]

btw, anderson705 and gembitz are the same person. just an fyi everyone.

edit: unless they just live in the same house in southern california 

what are you smoking?    i want some

[Yolo123]

btw, anderson705 and gembitz are the same person. just an fyi everyone.

edit: unless they just live in the same house in southern california 

what are you smoking?    i want some

You lost creditlbilty the moment you deleted your post!

[gembitz]

btw, anderson705 and gembitz are the same person. just an fyi everyone.

edit: unless they just live in the same house in southern california 

what are you smoking?    i want some

You lost creditlbilty the moment you deleted your post!

what post?        did the dev split? lel

[craslovell]

Wow looks like I missed a lot here... Trying to read through and catch up now.

[C-bit Bitcoin]

Wow looks like I missed a lot here... Trying to read through and catch up now.

... wheres "dev"

how can i help you?

[sandman53]

Anyone having problems with 2factor auth code log in?

[CryptoRekt]

Gembitz aka anderson705 otherwise known as:

<Name Hidden>
From

Escondido, CA

You are 46 years old

You deleted your public facing profile information on your myspace page. You also disconnected your modem in fear of data loss shortly after you were called out by Sunerok.

Stop posting bullshit on this thread.

Final Warning.

[djselery]

this made me smirk..

[C-bit Bitcoin]

can we all just relax and get back on track? OSMIUM, thanks for all the nice graphics. send me a direct message and i will send you a few xct.

bitpay is being worked on, we'll let everyone know when it's ready. bitpay provides a block explorer, wallet, and merchant services all in one, and will be a great tool for the c-bit community.

[Pyramusx]

can we all just relax and get back on track? OSMIUM, thanks for all the nice graphics. send me a direct message and i will send you a few xct.

bitpay is being worked on, we'll let everyone know when it's ready. bitpay provides a block explorer, wallet, and merchant services all in one, and will be a great tool for the c-bit community.

That does sound great! Can the C-bit team provide any sneakpeaks/images or more detailed progress reports to the community? Would be a nice change of topic in the thread