[ANN][Main] Bitcore- BTX - 1:1 Backed BSC Bridge BTX <->SBTX

[frogpoet]

last time i saw a few exchanges stopped translations together for a coin for more than a couple days it was the time that coin has been the victim of double spend attack.
this wallet maintenance It may be for 51% attack?
anyone have any info?

Yes, a 51% attack is possible .... A small bsod group has over 90% of network performance

yikes. here's an article from about 5 months ago about how 51 % attacks are becoming more numerous. it points out that monacoin, bitcoin gold, zencash, verge, and litecoin cash have all been hit by them.

https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular

here's a list of theoretical costs of 51 percent attacks. (we are not on the list, but that's probably just because the maintainers of this open-source site haven't been tracking BTX) :

https://www.crypto51.app/

i'll raise a red flag about this on the reddit group. some of those people have direct access to the developers.

edit: just raised it.  here's the link : https://www.reddit.com/r/bitcore_btx/comments/a1a4on/are_we_under_a_51_attack/

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[_javier_]

Theres no 51% attack. Please stop with the drama.

Its just FPGA miners testing their rigs.

https://store.squirrelsresearch.com/sqrl/cvp13/

https://zetheron.com/index.php/fpga-performance-profit/

They are only testing it. Its a $6000 device, doing $2 daily. Not worth using at timetravel10. Xevan algo is at $20/day...

They will move to another algo soon.. (i hope)

[bhadz]

I had my btx in coinomi wallet at the time of the last address update... Am i ok with sending and receiving btx now, or should i do something to recover my btx?

Thanks

Coinomi updated months ago to the new address format, just make sure your phone software is also updated.  

I always update coinomi as soon as the updates are released, so i should be ok.

Thank you.

I also found it out before by talking to coinomi's telegram. That's all you have to do for the latest address update. Uninstall and re-install coinomi and after that the format address will be updated. You'll get the address that starts with '2'.

[xs.over]

wtf is this?

This is Baikal X10/G28 ASICs arrived at Bitcore network
Same shit has happened with Microbitcoin MBC network. diamind-groestl algo.
Officially Baikal X,G28 ASICs don't support dmd-gr algo, but difference between groestl and diamond-groestl is only in markle root. Baikal devs have modified miner software to change markle root calculations on their ASICs and achieved ability to mine diamond-groestl algorithm at 28GH/s on Baikal g28.

some of their wallets https://subscriberpool.com/?address=BdK9ZMkwQfYb5GqUy9d4oCVdJp3TKq9cTM
https://subscriberpool.com/?address=BVtx9kAug38TFeGGdaoiAC4X78QjhwD2AQ

They are used by baikal developers to mine privately with modified software to support at least dmd-gr and bitcore algorithms, with available SDK kernels they can modify markle root calculations and chain available SHA3 algos in any way they want.
Baikal ASIC chips are natively support all SHA3 hash algos, which are contains in bitcore hashing algorithm. and they can combine them in any way with modified/private software (sdk, source code), available only to Baikal developer/manufacturer team

• blake
• bmw
• groestl
• skein
• jh
• keccak
• luffa
• cubehash
• shavite
• simd
• echo

And now Baikal developers have managed to chain them and found ability to mine on bitcore network

[xs.over]

Theres no 51% attack. Please stop with the drama.

Its just FPGA miners testing their rigs.

https://store.squirrelsresearch.com/sqrl/cvp13/

https://zetheron.com/index.php/fpga-performance-profit/

They are only testing it. Its a $6000 device, doing $2 daily. Not worth using at timetravel10. Xevan algo is at $20/day...

They will move to another algo soon.. (i hope)

Nope, this isn't FPGA. this is Baikal ASICs. Please read my post above. This is confirmed at least by MBC coin developers

[whotheff]

Theres no 51% attack. Please stop with the drama.

Its just FPGA miners testing their rigs.

https://store.squirrelsresearch.com/sqrl/cvp13/

https://zetheron.com/index.php/fpga-performance-profit/

They are only testing it. Its a $6000 device, doing $2 daily. Not worth using at timetravel10. Xevan algo is at $20/day...

They will move to another algo soon.. (i hope)

Nope, this isn't FPGA. this is Baikal ASICs. Please read my post above. This is confirmed at least by MBC coin developers

I imagine the eyes of the devs pop-up, they spit their coffee, big investors, pullin their hair,
all the miners momentarilly sell and switch to another algo and I just curse and forget the $10
i invested in BTX. Sad, but predictable. No algo is ASIC resistant, it just takes more time and effort to make it.

[juhakall]

http://btx.elitehash.net help spread the hashrate on the network - it's a really small pool, but actually it's the best paying one. 100% PPS, no variance, no luck, no fee. Even being the only miner works perfectly.

[whitefire990]

As one of the main developers for FPGA's, I can say that no current FPGA's have yet been programmed with Timetravel10, and the sudden drastic increase in net hash is caused by Baikal G28's.  The Baikal X10 was unable to change the order of hash algorithms but their updated Baikal-X did have that capacity, and the G28 is just two overclocked Baikal-X.

The appearance of Baikal ASIC's on the bitcore network would be okay if this algorithm was publicly available for owners of Baikal-X or Baikal G28, but it is being held privately by Baikal mining.  In my opinion at this point it would be trivial for them to take 51% of the hash power.

I have been a huge fan of Bitcore since 2017, and mined it extensively with my GPU's.

My suggestion is that coin devs switch algorithms, I know hard forks are a huge pain, but the coin safety is in jeopardy.

In terms of which algorithm would be the best to switch to, I have a lot of input on that topic just as I have given many suggestions to the microbitcoin team; the algorithm of choice depends on what type of hardware you want on your network.  The problem with GPU friendly algorithms is that GPU mining is so unprofitable that most GPU mining is now done in big farms with low electrical costs.  Generally I recommend algorithms that support GPU's and FPGA's at similar ROI, and in some cases you can even (almost) equalize ROI on GPU/FPGA/ASIC like with the pure Gost algorithm.

[frogpoet]

wtf is this?

that's an interesting chart. from what link did you get the chart from? that would be handy to know - thanks

[Vlad2Vlad]

wtf is this?

that's an interesting chart. from what link did you get the chart from? that would be handy to know - thanks

Enjoy the spike! 

https://chainz.cryptoid.info/btx/#@diff

[xs.over]

say hello to greedy Baikal

[Vlad2Vlad]

say hello to greedy Baikal

It’s called free markets. 

[Retaliator]

Throw that kind of hash to mine dead shitcoin is a joke.

[andrei1982]

Throw that kind of hash to mine dead shitcoin is a joke.

its better to buy only not to mine....

[a fool and his money ...]

I wonder if the team will respond to this unexpected news? After all, the algorithm Timetravel10 is positioned as having immunity to ASICs.

[Saverenergy]

I wonder if the team will respond to this unexpected news? After all, the algorithm Timetravel10 is positioned as having immunity to ASICs.

Bitcore is immune to ASICs only in theory, in fact, we see in the graphs above. Another destroyed coin. Very sorry. I hope the developers will solve the problem.

[stzcze]

The end of GPU mining BTX .... I hope developers will respond   omegapool=98% pools hashrate  cca 300+ GH/s

[frogpoet]

large block propagation difficulties - how do we compare?

the bitcoin cash forks are getting bad press because of very slow propagations times for "large" blocks - see https://news.bitcoin.com/bloxroute-joins-the-block-size-debate-with-new-block-propagation-service/ .

the article noted :

• BCH : BMG pool mined a 23.15MB Bitcoin Cash block that took well over an hour to propagate correctly (80 mins.)
  
• BSV : one block "took more than 20 mins to propagate" (Emin Gun Sirer). this appears to have been a 30 MB block as gleaned from later in the article.

when BTX did the stress test during the hybrid fork, do we know what our block sizes were and if we had any large ones (for us, 20 MB) that propagated quickly? The larger maximum block sizes of the latest BCH forks would not mean much if they don't result in faster speeds.

[vpixele]

BitCore R.I.P ?!

[Holdi]

Sorry guys, I loved that coin and was holding it a long time.
Today I decided to exchange my BTX for BTC. I was not able to transfer my BTX to any Wallet from HitBTC. ZelCore doesnt worked, Electrum or the qt wallet.
I will still support this coin but at the moment the Devs are so silent.

Some hundreds of them I have still in my wallet, hope there are coming better days.

I hope for better exchanges. Cryptopia and HitBTC are really shit. WE NEED A GOOD EXCHANGE!!

And when I read now that there are ASICs going to mine BTX, wtf? A point more for me to leave this coin, I liked the algorythm because of the hope that it is resistent against ASICs.

Devs, are you reading here the posts from us users/investors? I don't think so... 

For the rest, keep care of your money, I wish you a better time in crypto.