Bitcoin Forum
December 18, 2017, 12:39:59 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 »  All
  Print  
Author Topic: Terracoin. What the hell is going on?  (Read 6827 times)
hiddenvalleyranch
Member
**
Offline Offline

Activity: 103


View Profile
April 13, 2013, 07:43:32 AM
 #1

The difficulty was just in the single digits and now it's up to 13k.

http://www.cryptocoinexplorer.com:3750/chain/Terracoin

And the value of one block was 215?
1513557599
Hero Member
*
Offline Offline

Posts: 1513557599

View Profile Personal Message (Offline)

Ignore
1513557599
Reply with quote  #2

1513557599
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513557599
Hero Member
*
Offline Offline

Posts: 1513557599

View Profile Personal Message (Offline)

Ignore
1513557599
Reply with quote  #2

1513557599
Report to moderator
1513557599
Hero Member
*
Offline Offline

Posts: 1513557599

View Profile Personal Message (Offline)

Ignore
1513557599
Reply with quote  #2

1513557599
Report to moderator
1513557599
Hero Member
*
Offline Offline

Posts: 1513557599

View Profile Personal Message (Offline)

Ignore
1513557599
Reply with quote  #2

1513557599
Report to moderator
Nyx
Sr. Member
****
Offline Offline

Activity: 274



View Profile
April 13, 2013, 07:56:06 AM
 #2

The difficulty was just in the single digits and now it's up to 13k.
a big miner stopped trc solo mining and has started again

And the value of one block was 215?
yes, because there are transactions in it.

the new trc-algo seems to me more or less stable...

- Einfach sicherer und schneller BTC-Handel über Bitcoin.de
hiddenvalleyranch
Member
**
Offline Offline

Activity: 103


View Profile
April 13, 2013, 07:59:49 AM
 #3

What's the new trc difficulty algo?
shibaji
Full Member
***
Offline Offline

Activity: 196



View Profile
April 13, 2013, 08:15:54 AM
 #4

Terracoin is terrifying  Grin

BTC: 1G4FWK6U3qQb2ikgdcYZovLzyQ7xmWotBP  LTC: LUnQFuhQKNjhrsK4HSdcsn6Bf3wcT3tW2y  DVC: 1EKz74j7xNBYunJ77wQVD8DE843PwZaRFF
My reputation thread: https://bitcointalk.org/index.php?topic=183806.0
Shibaji's Your Man In USA Service: https://bitcointalk.org/index.php?topic=191303.msg1980889#msg1980889
spacegoat
Member
**
Offline Offline

Activity: 98


We are connected. you are me I am you.


View Profile
April 13, 2013, 08:17:21 AM
 #5

i got my coins stuck in transit for 48 hours.  27 bitcoins of TRC worth.

I watched the price plummet from .014 to .0025 and could do nothing

hahaa.  it sucked.  what's the scoop is terra gnna pay me back?

yeah baby yeah
hiddenvalleyranch
Member
**
Offline Offline

Activity: 103


View Profile
April 13, 2013, 08:20:42 AM
 #6

The difficulty has gone from 13k to 1 then up to 23k in the past 30 minutes. Is that normal?
spacegoat
Member
**
Offline Offline

Activity: 98


We are connected. you are me I am you.


View Profile
April 13, 2013, 08:24:46 AM
 #7

yeah terracoin does that now, it has a difficulty readjustment algorhythm in place for high hashrate machines attacking it.  such as asics.  so if those macines attack, instead of it going out of service for 48 hours, it now divides its difficulty exponentially every 10 minutes it hasn't found a block..

that's the cause of the wild swings

yeah baby yeah
flound1129
Hero Member
*****
Offline Offline

Activity: 854


www.multipool.us


View Profile
April 13, 2013, 08:35:15 AM
 #8

yeah terracoin does that now, it has a difficulty readjustment algorhythm in place for high hashrate machines attacking it.  such as asics.  so if those macines attack, instead of it going out of service for 48 hours, it now divides its difficulty exponentially every 10 minutes it hasn't found a block..

that's the cause of the wild swings

Won't that just cause a shitload of stales and orphans?

Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
spacegoat
Member
**
Offline Offline

Activity: 98


We are connected. you are me I am you.


View Profile
April 13, 2013, 08:36:11 AM
 #9

beats me

yeah baby yeah
SalvorHardin
Member
**
Offline Offline

Activity: 73


View Profile
April 13, 2013, 08:45:18 AM
 #10

yeah terracoin does that now, it has a difficulty readjustment algorhythm in place for high hashrate machines attacking it.  such as asics.  so if those macines attack, instead of it going out of service for 48 hours, it now divides its difficulty exponentially every 10 minutes it hasn't found a block..

that's the cause of the wild swings

Won't that just cause a shitload of stales and orphans?

I thought that's the reason Coinotron close down the TRC pool, pretty much all the blocks found by the pool was invalid.  Furthermore, the person who is attacking the TRC chain for days now, is still using the time-travelling exploit via really high hashrate, hashing 30 blocks in secret and then dump them all at once every hour (the dump used to be every 15~30 minutes).
manface
Full Member
***
Offline Offline

Activity: 126


View Profile
April 13, 2013, 08:49:00 AM
 #11

yeah terracoin does that now, it has a difficulty readjustment algorhythm in place for high hashrate machines attacking it.  such as asics.  so if those macines attack, instead of it going out of service for 48 hours, it now divides its difficulty exponentially every 10 minutes it hasn't found a block..

that's the cause of the wild swings

Won't that just cause a shitload of stales and orphans?

I thought that's the reason Coinotron close down the TRC pool, pretty much all the blocks found by the pool was invalid.  Furthermore, the person who is attacking the TRC chain for days now, is still using the time-travelling exploit via really high hashrate, hashing 30 blocks in secret and then dump them all at once every hour (the dump used to be every 15~30 minutes).

Yeah exactly. The chain is constantly being 51% attacked,bit hard to conduct business in it.
jubalix
Legendary
*
Online Online

Activity: 1680


View Profile
April 13, 2013, 09:14:10 AM
 #12

seriously there has to be a better alogrithim to use i suggested 2nd or 3rd order exponential smoothing

Admitted Practicing Lawyer::BTC/Crypto Specialist.
B.Engineering/B.Laws
crazy_rabbit
Legendary
*
Offline Offline

Activity: 1176


RUM AND CARROTS: A PIRATE LIFE FOR ME


View Profile
April 13, 2013, 10:54:42 AM
 #13

From what I understand- the chain is being attacked by someone who, most likely, just doesn't give a crap and likes to mess other peoples work up.

There are already now multiple Terracoin fork chains in existence, and it's quite possible that the chain has already been rewritten by the attacker who at times has had far more then 51% of the hash rate of the chain. Most likely the attacker is just either rewriting the chain, or plundering the chain by generating crazy numbers of block to make TRC to sell for BTC at the exchanges. We are being screwed.

There is another mandatory update out, which I would like to think will fix the problem, but at this point, we've been through a number of mandatory updates and the problem just gets worse.

more or less retired.
ElBurro
Member
**
Offline Offline

Activity: 101


View Profile
April 13, 2013, 11:03:38 AM
 #14

A coin like this really should be removed from the exchanges. I was just about to buy some at BTC-e, glad I read this post first.
jubalix
Legendary
*
Online Online

Activity: 1680


View Profile
April 13, 2013, 11:13:07 AM
 #15

From what I understand- the chain is being attacked by someone who, most likely, just doesn't give a crap and likes to mess other peoples work up.

There are already now multiple Terracoin fork chains in existence, and it's quite possible that the chain has already been rewritten by the attacker who at times has had far more then 51% of the hash rate of the chain. Most likely the attacker is just either rewriting the chain, or plundering the chain by generating crazy numbers of block to make TRC to sell for BTC at the exchanges. We are being screwed.

There is another mandatory update out, which I would like to think will fix the problem, but at this point, we've been through a number of mandatory updates and the problem just gets worse.

This seems correct

Though I can confirm now that it seem Vircurex and BTCe appear to be on the same blockchain as TRC was able to be sent between them

NOTE THIS DOES NOT MEAN AN ATTACK MAY FORK IN THE FUTURE

BUT THE OWNER OF THE ADDRESS TO WHOM YOU SENT THE TRC can always get the TRC BACK FROM ANY BLOCKCHAIN USING THERE PRIVATE KEY FOR THAT ADDRESS

Admitted Practicing Lawyer::BTC/Crypto Specialist.
B.Engineering/B.Laws
Trommie
Newbie
*
Offline Offline

Activity: 26


View Profile
April 13, 2013, 11:45:15 AM
 #16

Presumably this is a fate that all smaller currencies that use SHA256 can suffer.

I have a theory that some are trying to undermine all the Alt-Currencies in a variety of ways not just by misusing their ASICs however with some weilding massive power with asics those using SHA256 are especially vulnerable.

Not good.
mr_random
Hero Member
*****
Offline Offline

Activity: 868



View Profile
April 13, 2013, 02:11:24 PM
 #17

Presumably this is a fate that all smaller currencies that use SHA256 can suffer.

I have a theory that some are trying to undermine all the Alt-Currencies in a variety of ways not just by misusing their ASICs however with some weilding massive power with asics those using SHA256 are especially vulnerable.

Not good.

I disagree PPCoin is SHA256 and as far as I am aware it's impossible to 51% attack computationally because PPCoin relies upon proof of stake not just proof of work. So if an ASIC gets >51% of the hash rate they can't screw anything up. So that is the major threat averted.

Additionally if an ASIC jumps on and ramps up the difficulty and then goes off, PPCoin has it's intelligent difficulty adjustment scheme which has been coping admirably with such events.

            ▄▄▄███████████▄▄▄
        ▄▄█████████████████████▄
      ▄██████████████████████████▄
    ▄█████████████████▀▀▀██████████
   █████████████████       ███████
  ██████▀▀▀████████   ███   ██████   █
 █████       ██████   ███   ██████   ██
 ████   ███   █████   ███   █████   ███
█████   ███   █████   ███    ████   ████
█████   ███   █████   ████   ████   ████
████    ███   ████   █████   ███   █████
████   ████   ████   █████   ███   █████
▀███   ████   ████   ██████       █████
 ███   █████   ███   ████████▄▄▄███████
  █   ██████   ███   █████████████████
      ███████       █████████████████
     ██████████▄▄▄█████████████████▀
     ▀███████████████████████████▀
       ▀▀██████████████████████▀
           ▀▀▀████████████▀▀▀



Worldcore
▄▄
██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
▀▀  ██
    ██
    ▄▄
    ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ▀▀
██   
roy7
Sr. Member
****
Offline Offline

Activity: 434


View Profile
April 13, 2013, 03:04:16 PM
 #18

It figures I spent the last few late nights setting up a TRC pool, just to see if I could (using a bitcoin pool backend with terracoind instead, need to roll my own front end). Used it as a test all last night, found 11 coins, but only 4 survived. The other 7 I think probably happened during the difficulty dips where coins are found every few seconds. Mine didn't win the race I guess. I thought TRC had gotten stable the other day right before Coinotron suspended. Guess not. :/

RoyalMiningCo: Pools retired. Was fun!
SRoulette
Sr. Member
****
Offline Offline

Activity: 364



View Profile WWW
April 13, 2013, 03:08:40 PM
 #19

From what I understand- the chain is being attacked by someone who, most likely, just doesn't give a crap and likes to mess other peoples work up.

Any moment now I expect to see LukeJr rear his head and claim credit for this  Grin

I disagree PPCoin is SHA256 and as far as I am aware it's impossible to 51% attack computationally because PPCoin relies upon proof of stake not just proof of work. So if an ASIC gets >51% of the hash rate they can't screw anything up. So that is the major threat averted.

Additionally if an ASIC jumps on and ramps up the difficulty and then goes off, PPCoin has it's intelligent difficulty adjustment scheme which has been coping admirably with such events.

It must be true otherwise it would have been destroyed by LukeJr already  Grin Grin Grin

c4n10
Sr. Member
****
Offline Offline

Activity: 294



View Profile
April 13, 2013, 03:15:33 PM
 #20

One day, people will realize that RuCoin is the only crypto with REAL 51% protection built into the client/network and people will use RuCoin not only or the protection against 51% but because it has the nicest GUI/features out of all the clients with btc-e chat/trade built into the client, it's own separate chat system built into the client, miner ID cells which broadcast your miner ID/name to the network when you find a block (people love to have their ego stroked).

RuCoin is best coin.
Pages: [1] 2 3 4 5 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!