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No_2
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April 05, 2013, 04:54:13 PM |
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Phew. Facts.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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paultramarine
Newbie
 Offline
Activity: 37
Merit: 0
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April 05, 2013, 04:57:31 PM |
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Vircurex has a thread here: https://bitcointalk.org/index.php?topic=49383.new#newThey announced they were down and having datacenter trouble. So it should be nothing to worry about. Just persistant DDOS. BTC-E dev says they didn't say anything about Vircurex hacked, so thats just FUD. I ain't trollin - i saw the statement from btc-e support that vircurex was a hack myself. But I'm glad it was wrong. |
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Walter Rothbard
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April 05, 2013, 05:16:03 PM |
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I offered them DDoS protection that would suit their needs a few days ago but they declined.
I would decline services from someone with 37 posts, too. In fact, I'd probably decline services from myself, just based on my forum postings alone. Do you have some kind of credentials in this field? |
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FuzzyBear
Legendary
Offline
Activity: 1420
Merit: 1010
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April 05, 2013, 05:24:05 PM |
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Its the governments and bankers doing the DDOS attacks, acting under from the instructions of the Bilderberg group as they can't stop the masses abandoning their fiat money system  |
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Unthinkingbit
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April 05, 2013, 05:47:18 PM |
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From the mtgox announcement http://www.bitcoinrumors.com/2013/04/04/mtgox-announcement-on-ddos-attack/"Why has Mt.Gox become the target of a DDoS attack? .. Abuse the system for profit.
Attackers wait until the price of Bitcoins reaches a certain value, sell, destabilize the exchange, wait for everybody to panic-sell their Bitcoins, wait for the price to drop to a certain amount, then stop the attack and start buying as much as they can. Repeat this two or three times like we saw over the past few days and they profit." I speculate that the attackers are targeting vircurex and btc-e for the same reason. They would have placed low bids, attacked, then when the attacks stop there will be panic selling, their bids will scoop up the coins cheap, when prices return to normal in a few days they'll sell making a profit. They'll then use part of their profit to attack again in a while, and keep doing this as long as they make a profit. To neutralize this, as soon as the exchanges reopen people can cancel their asks and place bids. This will slow the selling, and so reduce the attackers' profit. Without a profit they won't do this again. I pledge the following, for three days after the exchanges reopen I will: 1) Cancel my asks. 2) Place bids with my bitcoins already on the exchange. 3) Send in more bitcoins from my wallet, and place more bids. |
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nwbitcoin
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April 05, 2013, 05:55:15 PM |
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The DDoS attacks are a western finance industry phenomena!
It seems that its possibly a middle east based attack on all western financial institutions - they probably don't know the difference between bitcoin and wall st. Its just a shame bitcoin infrastructure isn't built linka normal banking one!
Read about it on a security website earlier today - wish I could find the link!
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*Image Removed* I use Localbitcoins to sell bitcoins for GBP by bank transfer!
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Zoiner
Member
Offline
Activity: 74
Merit: 10
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April 05, 2013, 06:46:58 PM |
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I don't think they have anything like the volume of BTCE/MTGOX but it has been a steady little exchange just overwhelmed by a rush.
It also seems very secure with yubikey authorisation too.
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master-P
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April 05, 2013, 07:17:14 PM |
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Maybe they are targeting all those alt-coins that had their prices sky-rocket the last few days. This does not look good for some of the alt-coins  |
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legend
Newbie
Offline
Activity: 56
Merit: 0
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April 05, 2013, 08:19:08 PM |
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I offered them DDoS protection that would suit their needs a few days ago but they declined.
I would decline services from someone with 37 posts, too. In fact, I'd probably decline services from myself, just based on my forum postings alone. Do you have some kind of credentials in this field? BTC-E have an account on here? :O Never knew when offering DDoS protection I had to link my BTC-E profile! Yes, in fact, I have multiple testimonials and have a few servers along with hardware firewalls. |
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cptmooseinc
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April 05, 2013, 08:25:10 PM |
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I guarantee you that CloudFlare's protection is better than anything you could offer man. :p
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The Moose's Tip Jar: BTC - 1HoTm9ZqrEmD5Tvs5qAdPM311agyN3eHra
LTC - LPg9svS4dcK5Kzy6HUoef8icrnDxED3ZVA
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moni3z
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April 05, 2013, 08:57:46 PM |
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I guarantee you that CloudFlare's protection is better than anything you could offer man. :p
Cloudflare is useless, Freenet or Tor would be prevent this easily, and they wouldn't have to pay $1000/mth for pro DDOS protection. Eventually all the exchanges will have to be on Freenet or something similar |
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spacegoat
Member
Offline
Activity: 112
Merit: 10
We are connected. you are me I am you.
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April 05, 2013, 09:40:07 PM |
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reasons to trust any exchange? any accountability? like legally?
isn't there a post in the newbs thats says TRUST NO ONE...?
can i get some reasons why i should trust who with storing any amount of my coins while trading? it seems like pretty much anybody could run an exchange, and anybody could do it totally anonymously, and also disappear and make a great heist anonymously. am I wrong? please enlighten me on these concerns
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yeah baby yeah
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cdog
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April 05, 2013, 09:44:44 PM |
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Enlightenment: you make a lot more $$$$ running a legit business for years than you do scamming people for a few weeks/months.
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master-P
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April 05, 2013, 09:51:01 PM |
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Do you think they will hit bitcointalk too?
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doublec
Legendary
Offline
Activity: 1078
Merit: 1005
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April 05, 2013, 10:15:01 PM |
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Wow, these DDOS types are really persistant. It seriously sucks though- DDOS is becoming a real problem for our nascent economy.
Running an exchange over cjdns, tor or i2p would help mitigate a DDOS attack I think. Have a public facing normal internet site that just proxies to the alt-network site. This would be a little slower (although it's pretty good on cjdns). If the public network site get's DDOS'd bring up another since it's quick to do a proxy - and users can use the alt-network site if they really need to trade. Downsides are people don't trust sites on alt-networks but that's mainly anonymous people setting up exchanges that are untrusted I think. Other downsides are it limits users if it's only accessible via the alt network. |
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legend
Newbie
Offline
Activity: 56
Merit: 0
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April 05, 2013, 10:44:05 PM |
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I guarantee you that CloudFlare's protection is better than anything you could offer man. :p
Are you sure? They will suspend you if you receive a 5Gbps HTTP flood. |
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No_2
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April 05, 2013, 11:43:31 PM |
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Enlightenment: you make a lot more $$$$ running a legit business for years than you do scamming people for a few weeks/months.
+1 |
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No_2
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April 05, 2013, 11:46:47 PM |
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I guarantee you that CloudFlare's protection is better than anything you could offer man. :p
Are you sure? They will suspend you if you receive a 5Gbps HTTP flood. I neither believe nor disbelieve what you're saying. Can we get some explanation for either side of this "discussion" as I'm curious. I do not even know how anti-DDOS would work... |
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legend
Newbie
Offline
Activity: 56
Merit: 0
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April 05, 2013, 11:48:02 PM |
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I guarantee you that CloudFlare's protection is better than anything you could offer man. :p
Are you sure? They will suspend you if you receive a 5Gbps HTTP flood. I neither believe nor disbelieve what you're saying. Can we get some explanation for either side of this "discussion" as I'm curious. I do not even know how anti-DDOS would work... PM me, this is no place for a discussion on anti-ddos. |
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moni3z
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April 06, 2013, 12:08:07 AM |
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http://blog.cloudflare.com/the-ddos-that-almost-broke-the-internetSpamhaus was getting pounded by 300Gps DDoS from all directions as they were pinging DNS servers to add to the dos. This almost broke a Tier 1 backbone. This is not going to get any easier best solution is torrify your exchange, or put it on Freenet/i2p whenever the anti ddos protection fails as a temporary backup for customers. Also helps to use Silk Road methods to prevent slowloris attacks and slowDoS like encoding all images to base64. Best part is Tor costs $0.00 instead of thousands per month in DDoS protection
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