New Ixcoin fork -> I0coin

[PatrickHarnett]

sell some coins now! How long do I have to wait for my orders to fill 
Maybe someone can do some fear mongering? 

thanks E-Bob, that made me laugh - nice for a friday afternoon

Fear mongering, hmmm, well obviously the virus writers are going to target I0coin and divert their bot farms onto i0 until the expected completion time goes over 100 days like namecoind (http://allchains.info/) - should take long to do a few hundred blocks at 1000Ghash and then drop out again. 

[EskimoBob]

Small but positive move in i0coin price made it suddenly 14% more profitable to mine than a BTC. 14% is in this crappy diff/price market is good enough for me.


 

 

[worldinacoin]

It may be 14% more profitable but where can you find an exchange to change it?

[MaGNeT]

It may be 14% more profitable but where can you find an exchange to change it?

https://i0exchange.bitparking.com

[dree12]

It may be 14% more profitable but where can you find an exchange to change it?

https://i0exchange.bitparking.com

Why are people still buying I0coin? It doesn't seem to have a future right now.

[worldinacoin]

At present it is 0.96 less profitable than bitcoin, when it is 1.4 which is more profitable, you can mine it and exchange for bitcoin.  I don't think I want to keep i0coin but it can be profitable depending on the value of exchange between i0coin and bitcoin

[dree12]

At present it is 0.96 less profitable than bitcoin, when it is 1.4 which is more profitable, you can mine it and exchange for bitcoin.  I don't think I want to keep i0coin but it can be profitable depending on the value of exchange between i0coin and bitcoin

If nobody buys I0Coin, it wouldn't be worth anything. My question is, why are people buying it?

[PatrickHarnett]

because they want to buy them

I have some (both mined and purchased on an exchange).  Will I ever do anything with them?  That's a different question, but I do have stuff in my house I've paid for and don't use.

[dishwara]

https://i0exchange.bitparking.com/ locked at block 54482
deposit not working

[EskimoBob]

https://i0exchange.bitparking.com/ locked at block 54482
deposit not working

FUD!


I0Coin deposits and withdrawals are working again.

[dishwara]

You can see the time difference between the two addresses & both has same block number 54482, even after 2 hours.

[worldinacoin]

Well I changed all my I0coins waiting for my stability before I start mining and selling it for bitcoins again

[trippp]

https://i0exchange.bitparking.com/ locked at block 54482
deposit not working

I have the same problem.

[LoupGaroux]

Another one that has been locked on block 54482 for the past 7 hours or so. Blocks keep marching onward, but the exchange is hung.

[CosicMiner]

I can't even login to i0exchange anymore. Whats going on?

[doublec]

Another block chain rollback was attempted and the exchange stopped processing blocks until I look into it.

[LoupGaroux]

Seems we have another lock up happening at block 58557.

[Mousepotato]

I tried several deposits of i0 and ixcoins this morning.  The deposit of ixcoins directly from my wallet worked ok, but the deposits from my pool seem to be hung up.  Using block explorer they say "Not yet redeemed".  I don't get it.

[trippp]

Seems we have another lock up happening at block 58557.

Sure looks like it. I wish these things would be announced by the exchange.

[doublec]

Once again there was another double spend attempt on the exchange. The exchange closed block chain processing when it happened. As a result of these continued attacks I've had to close the exchange. As it says from the main page:

Deposits for I0Coin and Bitcoin have been suspended, along with trading. Due to low network power of the I0Coin chain over the last couple of weeks there have been attempts to do 51% double spend attacks. The exchange would stop processing the block chain when these were detected and users will have noticed this, as deposits/withdrawals were suspended while I investigate. I'd then re-open with a higher deposit confirmation limit.

Some of the double spends were successful and a total of 198 bitcoins were successfully taken from the exchange. This involved anonymous users operating over TOR depositing I0Coins, trading for bitcoins, withdrawing the bitcoins and reversing the original deposit.

Due to this loss and the risk involved in continuing to operating an exchange for a chain which has, or can easily get, an attacker with >51% of the power, I've closed the exchange. Please withdraw all bitcoins and I0Coins before 31 Oct 2011 12:00 UTC. You can reach the exchange operator at admin@bitparking.com if you have any questions. It's unfortunate that the actions of a few have to stop the exchange usage for many honest users.

The basic approach from the attacking user was to deposit about 120,000 I0Coins, sell them, withdraw the BTC then invalidate/remove the original deposit. All the successful attacks (totaling 198 bitcoins or so) were done by a user operating over TOR. The user used accounts with names like:
* youdozeek
* mooncoin
* ploti
* adolf
* mojimcheo

The bitcoin addresses that were withdraw too were:

* 13kf6BR32STEuW7FSKVbM3WNUcF6nqcP3q
* 1H3Zx5a7fTWnpt8pfZnwekQzQYb4497vWb
* 1AKxgg8jESUvooeHtNvaSQYhbPCyv7wYZF
* 1G8XACmUXoTF3FaA5bATSD3fnSR2WQXVJH
* 1PoUHcuTqoSiKupYzkQUbPHE4SwTPBT9Ht

If you were one of these users and don't believe you did a deliberate double spend, please get in touch.