Ethereum is under DoS attack...

[spartak_t]

"The Ethereum network is currently undergoing a DoS attack

URGENT ALL MINERS: The network is under attack. The attack is a computational DDoS, ie. miners and nodes need to spend a very long time processing some blocks. This is due to the EXTCODESIZE opcode, which has a fairly low gasprice but which requires nodes to read state information from disk; the attack transactions are calling this opcode roughly 50,000 times per block. The consequence of this is that the network is greatly slowing down, but there is NO consensus failure or memory overload. We have currently identified several routes for a more sustainable medium-term fix and have developers working on implementation.

It is highly reccomended to switch to Parity mining. Use these settings:

–cache-size-db 1024 –gas-floor-target 1000000 –gasprice 500000000000

Parity mining guides:
https://docs.google.com/document/d/1j3v8bKjXQcMNNdx5Juwo3PRRCcHy8XcA6R9-0W7NCso/edit
https://github.com/ethcore/parity/wiki/Mining
If you continue to use geth, use the following settings:
–cache 1024 –targetgaslimit 1000000 –gasprice 50000000000"


Source: https://blog.ethereum.org/2016/09/22/ethereum-network-currently-undergoing-dos-attack/

[mining1]

Last attack was fixed in under 7hours so i'm expecting a quick fix for this aswell. Most likely some group shorted eth then attacked to profit from the price drop. It's bad for day traders on short term since they lose money unless they had inside information from the attackers, and good for the project in medium to long term, these kind of attacks would have greater impact if the project had the massive dapps out of beta / testing and already live running.
I am not a day trader so i don't really care about these fluctuations tbh. The FUD and attacking rate of ethereum project is directly proportional to it's value and potential. A while ago it was just FUD-ed, now it's both FUD and attacks.

[mining1]

And it's also that they force EF to fix bugs they didn't know about, could be considered a bug testing by outsiders at the expense of day traders that trade very often ether for profit. As a non day trader and medium to long term holder, i wish these kind of attacks happen more often, because, as i said, the impact is rather small considering the project is just bit over one year old.
But on the other hand for day traders / speculators looking to profit, it's a nightmare.

[Nina Lyon]

“The price of Ethereum was sold down just a day before the attack had been launched. Prices have since then recovered from lows. It is possible that this was a calculated sell off, and with the simple fix to the mining software Ethereum should be back to normal operational status,” said Daniel Dabek to CoinIdol.com (https://coinidol.com/ethereum-network-deals-with-dos-attack/)

[mining1]

Well this is just another passive aggressive attempt to fud by spartan aka Dollface. He only links the negative news.

[spartak_t]

Well this is just another passive aggressive attempt to fud by spartan aka Dollface. He only links the negative news.

mining1 aka whining for 1 cock is here again. God bless Ethereum and its worshipers.

P.S. The thread has nothing to do with me hating/loving ETH. It is supposed to be informative, because not everybody are following Reddit and Twitter.

[mining1]

For real ? Reddit is 10 times more easier to follow than this troll spammed forum, and i do follow reddit and i don't even have an account there.
Edit: "It is supposed to be informative". Wow, you do that selflessly right ? Too bad you do it only in one direction, can see your motives.

[mining1]

Lol, this is funny. Big news coming daily now http://www.coindesk.com/bhp-billiton-blockchain-mining-company-supply-chain/ .

[mining1]

Im sure all these positive news are all fake, i mean, they can't possibly be real right ? Probably kingpin's vitalik evil empire is manipulating us. And these over 10 giant corporations that announced publicly working on and support ethereum must be at gunpoint, they wouldn't do it otherwise.

[jacafbiz]

This attack is going to strengthen ETH foundation  decision to move to POS

[all-chains]

i support etc

[amacar2]

This attack is going to strengthen ETH foundation  decision to move to POS

I don't think ETH is yet ready or planning to GO POS soon, ETH supporters attack ETC network where ETC supporters attack ETH network in regular basis, don't know till when this gonna continue.

[spartak_t]

This attack is going to strengthen ETH foundation  decision to move to POS

I don't think ETH is yet ready or planning to GO POS soon, ETH supporters attack ETC network where ETC supporters attack ETH network in regular basis, don't know till when this gonna continue.

Ethereum could surpass Bitcoin or it could turn to a even bigger disaster than the DAO.

[Spoetnik]

Well this is just another passive aggressive attempt to fud by spartan aka Dollface. He only links the negative news.

That is because there is ONLY bad news to post.

And you must be one UGLY mutha fucker if you need to continually insult his Avatar picture.

..and good take it down hard hackers !

[vlom]

is this the reason why my Ethereum Wallet Version 0.8.3 does not download blocks? my wallet is still more than 30k blocks behind.

[mining1]

Ethereum could surpass Bitcoin or it could turn to a even bigger disaster than the DAO.

This i agree, but only the first part. Even if ethereum fails and hits a brick wall in their developing process, run out of money and in the same time being attacked by bitcoin maximalists, even if all 3 happen at the same time it won't be qualified as a disaster. Ethereum technology is even more disruptive than blockchain currency technology brought by bitcoin at it's time, because bitcoin aimed to be just a simple tool but ethereum's fingerprint may be found in the future in everything we do. So if ethereum fails, it will leave behind a revolutionary tech and a changed mentality of the world towards blockchain technology, which was considered a  wannabe digital money technology that's mostly used by bad people.
Ethereum can fail but can also surpass bitcoin yes, i give it 50-50% chance. But considered ethereum's value at this moment, i believe the potential profit chances easily beat the risk. It's really easy to do what everyone else does, create a clone and get rich as a developer, but it's damn difficult to "invent" something new and make it perfectly work in a really small window of time, and it's even easier to simply try to destroy that thing.
Exploiters, hackers, fud trolls, these are small people looking to profit in a wrong way, they're the thiefs, killers and rapists of digital world.

[1btcdream]

is this the reason why my Ethereum Wallet Version 0.8.3 does not download blocks? my wallet is still more than 30k blocks behind.

It is possible you do not have enough healthy peers to download the entire Ethereum blockchain, which resulted to an out of sync wallet.

[Ayers]

i'm not so sure not so techy, but it is really worth it for the attacker to do this? i remember that with bitcoin you need to pay to ddos the network, because they usually do this with tx spam or something, is this kinda the same?

[roselee]

Ethereum could surpass Bitcoin or it could turn to a even bigger disaster than the DAO.

This i agree, but only the first part. Even if ethereum fails and hits a brick wall in their developing process, run out of money and in the same time being attacked by bitcoin maximalists, even if all 3 happen at the same time it won't be qualified as a disaster. Ethereum technology is even more disruptive than blockchain currency technology brought by bitcoin at it's time, because bitcoin aimed to be just a simple tool but ethereum's fingerprint may be found in the future in everything we do. So if ethereum fails, it will leave behind a revolutionary tech and a changed mentality of the world towards blockchain technology, which was considered a  wannabe digital money technology that's mostly used by bad people.
Ethereum can fail but can also surpass bitcoin yes, i give it 50-50% chance. But considered ethereum's value at this moment, i believe the potential profit chances easily beat the risk. It's really easy to do what everyone else does, create a clone and get rich as a developer, but it's damn difficult to "invent" something new and make it perfectly work in a really small window of time, and it's even easier to simply try to destroy that thing.
Exploiters, hackers, fud trolls, these are small people looking to profit in a wrong way, they're the thiefs, killers and rapists of digital world.

wow so every one not agreeing with you is a
quote:
these are small people looking to profit in a wrong way, they're the thiefs, killers and rapists of digital world.

[raphma]

Ethereum could surpass Bitcoin or it could turn to a even bigger disaster than the DAO.

This i agree, but only the first part. Even if ethereum fails and hits a brick wall in their developing process, run out of money and in the same time being attacked by bitcoin maximalists, even if all 3 happen at the same time it won't be qualified as a disaster. Ethereum technology is even more disruptive than blockchain currency technology brought by bitcoin at it's time, because bitcoin aimed to be just a simple tool but ethereum's fingerprint may be found in the future in everything we do. So if ethereum fails, it will leave behind a revolutionary tech and a changed mentality of the world towards blockchain technology, which was considered a  wannabe digital money technology that's mostly used by bad people.
Ethereum can fail but can also surpass bitcoin yes, i give it 50-50% chance. But considered ethereum's value at this moment, i believe the potential profit chances easily beat the risk. It's really easy to do what everyone else does, create a clone and get rich as a developer, but it's damn difficult to "invent" something new and make it perfectly work in a really small window of time, and it's even easier to simply try to destroy that thing.
Exploiters, hackers, fud trolls, these are small people looking to profit in a wrong way, they're the thiefs, killers and rapists of digital world.

wow so every one not agreeing with you is a
quote:
these are small people looking to profit in a wrong way, they're the thiefs, killers and rapists of digital world.

yep, that's how mETH heads think. Doest matter all the sh*t being done by eth foundation, they wont let vitalik's balls go and if you dont agree you are the crazy one.