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trigeek
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February 17, 2014, 05:55:06 PM |
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I've a question. Look's like a large private pool is connected to network... At this time is 1400Mhs network hashrate. pool.karmacoin.info - 387Mhs karma.hashstrike.com - 296Mhs other officially announced at start page ~ 10-20Mhs Black hole: ~700Mhs Next. Block 17840-17845 generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z with total amount of 4869397,001 KARMAs. 811566,1668 average per block. Higher than other pools... Ok... Some investigations in block explorer... http://explorer.karmacoin.info/tx/d02563e283e1b438b9d02c19bddcad584fd661384b8346bea625f41df3f936feK7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent appx 27517929.016 to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 Ok... Sent, sent and sent... And voila: Address KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5
Details
Balance 2589363996.56565243 KAR
Transactions in 742
Received 6955117377.22357766 KAR
Transactions out 336
Sent 4365753380.65792523 KAR
omg... 2.6 billion... 77btc at 3e-8... And yes, only K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5. May be I'm wrong, but... And now my question: is it possible 51% attack at KARMA network?add/ From block 18100 to 18143 all blocks with reward > 1mio except one was generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z, and smallest reward was appx 0.65mio. So lucky ))) That worries me a lot. Someone could enlighten us? lol that address almost has 16% of all KARM in existence on it lol Feels like the devs knew the algo and how to highly increase the chances of getting the bonus rewards, or that someone found a way to do so. If it's the devs, it starts to make sense as to why the bonus rewards are so high.. I think dev needs some explaining to do here. This wouldn't surprise me if it was true. The algorithm is right there in the source code: int static generateMTRandom(unsigned int s, int range)
{
random::mt19937 gen(s);
random::uniform_int_distribution<> dist(1, range);
return dist(gen);
}
...
if (maxRand != 0) {
double rand = generateMTRandom(seed, maxRand);
bonus = rand * COIN;
}
return nSubsidy + bonus + nFees;
It's a standard random number generator. They just got lucky with those blocks. As for the devs being involved with that miner.. they're not. I've spoken privately with them about it and they don't know who it is. There's no way to tell who it is, but it's clearly someone who saw a huge opportunity with karmacoin. That 700MH has been there for a LONG time now, and it has STAYED on almost the whole time. They could be mining a lot of other coins with that hash rate, but they're mining karma. I certainly hope they don't dump all those coin at once, because it would decimate the market... but I think they're smarter than that. If they have 70BTC+ worth at 3 satoshi, they have to be thinking about what is going to happen if it hits some real exchanges. |
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Karmagood (OP)
Member
 Offline
Activity: 84
Merit: 10
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February 17, 2014, 07:08:11 PM
Last edit: February 17, 2014, 09:08:56 PM by Karmagood |
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I've a question. Look's like a large private pool is connected to network... At this time is 1400Mhs network hashrate. pool.karmacoin.info - 387Mhs karma.hashstrike.com - 296Mhs other officially announced at start page ~ 10-20Mhs Black hole: ~700Mhs Next. Block 17840-17845 generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z with total amount of 4869397,001 KARMAs. 811566,1668 average per block. Higher than other pools... Ok... Some investigations in block explorer... http://explorer.karmacoin.info/tx/d02563e283e1b438b9d02c19bddcad584fd661384b8346bea625f41df3f936feK7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent appx 27517929.016 to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 Ok... Sent, sent and sent... And voila: Address KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5
Details
Balance 2589363996.56565243 KAR
Transactions in 742
Received 6955117377.22357766 KAR
Transactions out 336
Sent 4365753380.65792523 KAR
omg... 2.6 billion... 77btc at 3e-8... And yes, only K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5. May be I'm wrong, but... And now my question: is it possible 51% attack at KARMA network?add/ From block 18100 to 18143 all blocks with reward > 1mio except one was generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z, and smallest reward was appx 0.65mio. So lucky ))) That worries me a lot. Someone could enlighten us? lol that address almost has 16% of all KARM in existence on it lol Feels like the devs knew the algo and how to highly increase the chances of getting the bonus rewards, or that someone found a way to do so. If it's the devs, it starts to make sense as to why the bonus rewards are so high.. I think dev needs some explaining to do here. This wouldn't surprise me if it was true. The algorithm is right there in the source code: int static generateMTRandom(unsigned int s, int range)
{
random::mt19937 gen(s);
random::uniform_int_distribution<> dist(1, range);
return dist(gen);
}
...
if (maxRand != 0) {
double rand = generateMTRandom(seed, maxRand);
bonus = rand * COIN;
}
return nSubsidy + bonus + nFees;
It's a standard random number generator. They just got lucky with those blocks. As for the devs being involved with that miner.. they're not. I've spoken privately with them about it and they don't know who it is. There's no way to tell who it is, but it's clearly someone who saw a huge opportunity with karmacoin. That 700MH has been there for a LONG time now, and it has STAYED on almost the whole time. They could be mining a lot of other coins with that hash rate, but they're mining karma. I certainly hope they don't dump all those coin at once, because it would decimate the market... but I think they're smarter than that. If they have 70BTC+ worth at 3 satoshi, they have to be thinking about what is going to happen if it hits some real exchanges. It is definitely not the dev (my team)! The person (group, multiminer, etc) who has been mining it has a farm with between 700MH to 1GH, and they have been mining it consistently. That is upwards of $1M USD in equipment with an enormous electric bill (probably 40-50K USD). I am basing those estimates on what I pay for 2MH but it should be close. They definitely see a big upside to the coin and the community, as we do as well. Given their scale I don't see why this person would sell now or sell in a hurry (i.e. there is no way they are hurting for cash if they had enough to buy 1M of equipment). As far as the code and the algorithm, there isn't a way to game it to get more lucky. The source code is here at https://github.com/karmacoin-team/karmacoin, the file that has the algorithm is src/main.cpp. Also the algorithm is pretty much the same as used by DOGE for the randomness so it's been beat up and proven over the past several months of their existence. |
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megabuxx
Member
Offline
Activity: 66
Merit: 10
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February 17, 2014, 07:33:15 PM |
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omg... 2.6 billion...
probably coinmarket.io |
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bitwho
Legendary
Offline
Activity: 1274
Merit: 1000
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February 17, 2014, 08:18:13 PM |
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I've a question. Look's like a large private pool is connected to network... At this time is 1400Mhs network hashrate. pool.karmacoin.info - 387Mhs karma.hashstrike.com - 296Mhs other officially announced at start page ~ 10-20Mhs Black hole: ~700Mhs Next. Block 17840-17845 generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z with total amount of 4869397,001 KARMAs. 811566,1668 average per block. Higher than other pools... Ok... Some investigations in block explorer... http://explorer.karmacoin.info/tx/d02563e283e1b438b9d02c19bddcad584fd661384b8346bea625f41df3f936feK7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent appx 27517929.016 to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 Ok... Sent, sent and sent... And voila: Address KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5
Details
Balance 2589363996.56565243 KAR
Transactions in 742
Received 6955117377.22357766 KAR
Transactions out 336
Sent 4365753380.65792523 KAR
omg... 2.6 billion... 77btc at 3e-8... And yes, only K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5. May be I'm wrong, but... And now my question: is it possible 51% attack at KARMA network?add/ From block 18100 to 18143 all blocks with reward > 1mio except one was generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z, and smallest reward was appx 0.65mio. So lucky ))) That worries me a lot. Someone could enlighten us? lol that address almost has 16% of all KARM in existence on it lol Feels like the devs knew the algo and how to highly increase the chances of getting the bonus rewards, or that someone found a way to do so. If it's the devs, it starts to make sense as to why the bonus rewards are so high.. I think dev needs some explaining to do here. This wouldn't surprise me if it was true. The algorithm is right there in the source code: int static generateMTRandom(unsigned int s, int range)
{
random::mt19937 gen(s);
random::uniform_int_distribution<> dist(1, range);
return dist(gen);
}
...
if (maxRand != 0) {
double rand = generateMTRandom(seed, maxRand);
bonus = rand * COIN;
}
return nSubsidy + bonus + nFees;
It's a standard random number generator. They just got lucky with those blocks. As for the devs being involved with that miner.. they're not. I've spoken privately with them about it and they don't know who it is. There's no way to tell who it is, but it's clearly someone who saw a huge opportunity with karmacoin. That 700MH has been there for a LONG time now, and it has STAYED on almost the whole time. They could be mining a lot of other coins with that hash rate, but they're mining karma. I certainly hope they don't dump all those coin at once, because it would decimate the market... but I think they're smarter than that. If they have 70BTC+ worth at 3 satoshi, they have to be thinking about what is going to happen if it hits some real exchanges. It is not the definitely not the dev (my team)! The person (group, multiminer, etc) who has been mining it has a farm with between 700MH to 1GH, and they have been mining it consistently. That is upwards of $1M USD in equipment with an enormous electric bill (probably 40-50K USD). I am basing those estimates on what I pay for 2MH but it should be close. They definitely see a big upside to the coin and the community, as we do as well. Given their scale I don't see why this person would sell now or sell in a hurry (i.e. there is no way they are hurting for cash if they had enough to buy 1M of equipment). As far as the code and the algorithm, there isn't a way to game it to get more lucky. The source code is here at https://github.com/karmacoin-team/karmacoin, the file that has the algorithm is src/main.cpp. Also the algorithm is pretty much the same as used by DOGE for the randomness so it's been beat up and proven over the past several months of their existence. shows over 7 billion coins recieved and over 4 billion coins sent. i would believe this coin is an exchange. possibly coinmarket wallet address where all of us sent out coins to them. What is strange about this is that K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z this address keeps sending out the coins to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 we need to figure out what the hell is going on. |
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btcforthefuture
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February 17, 2014, 08:30:35 PM |
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pff still so much selling pressure. Big dump at 3 sat on coinmarket.io 30 min ago.
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matauc12
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February 17, 2014, 08:37:27 PM |
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I've a question. Look's like a large private pool is connected to network... At this time is 1400Mhs network hashrate. pool.karmacoin.info - 387Mhs karma.hashstrike.com - 296Mhs other officially announced at start page ~ 10-20Mhs Black hole: ~700Mhs Next. Block 17840-17845 generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z with total amount of 4869397,001 KARMAs. 811566,1668 average per block. Higher than other pools... Ok... Some investigations in block explorer... http://explorer.karmacoin.info/tx/d02563e283e1b438b9d02c19bddcad584fd661384b8346bea625f41df3f936feK7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent appx 27517929.016 to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 Ok... Sent, sent and sent... And voila: Address KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5
Details
Balance 2589363996.56565243 KAR
Transactions in 742
Received 6955117377.22357766 KAR
Transactions out 336
Sent 4365753380.65792523 KAR
omg... 2.6 billion... 77btc at 3e-8... And yes, only K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5. May be I'm wrong, but... And now my question: is it possible 51% attack at KARMA network?add/ From block 18100 to 18143 all blocks with reward > 1mio except one was generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z, and smallest reward was appx 0.65mio. So lucky ))) That worries me a lot. Someone could enlighten us? lol that address almost has 16% of all KARM in existence on it lol Feels like the devs knew the algo and how to highly increase the chances of getting the bonus rewards, or that someone found a way to do so. If it's the devs, it starts to make sense as to why the bonus rewards are so high.. I think dev needs some explaining to do here. This wouldn't surprise me if it was true. The algorithm is right there in the source code: int static generateMTRandom(unsigned int s, int range)
{
random::mt19937 gen(s);
random::uniform_int_distribution<> dist(1, range);
return dist(gen);
}
...
if (maxRand != 0) {
double rand = generateMTRandom(seed, maxRand);
bonus = rand * COIN;
}
return nSubsidy + bonus + nFees;
It's a standard random number generator. They just got lucky with those blocks. As for the devs being involved with that miner.. they're not. I've spoken privately with them about it and they don't know who it is. There's no way to tell who it is, but it's clearly someone who saw a huge opportunity with karmacoin. That 700MH has been there for a LONG time now, and it has STAYED on almost the whole time. They could be mining a lot of other coins with that hash rate, but they're mining karma. I certainly hope they don't dump all those coin at once, because it would decimate the market... but I think they're smarter than that. If they have 70BTC+ worth at 3 satoshi, they have to be thinking about what is going to happen if it hits some real exchanges. It is not the definitely not the dev (my team)! The person (group, multiminer, etc) who has been mining it has a farm with between 700MH to 1GH, and they have been mining it consistently. That is upwards of $1M USD in equipment with an enormous electric bill (probably 40-50K USD). I am basing those estimates on what I pay for 2MH but it should be close. They definitely see a big upside to the coin and the community, as we do as well. Given their scale I don't see why this person would sell now or sell in a hurry (i.e. there is no way they are hurting for cash if they had enough to buy 1M of equipment). As far as the code and the algorithm, there isn't a way to game it to get more lucky. The source code is here at https://github.com/karmacoin-team/karmacoin, the file that has the algorithm is src/main.cpp. Also the algorithm is pretty much the same as used by DOGE for the randomness so it's been beat up and proven over the past several months of their existence. shows over 7 billion coins recieved and over 4 billion coins sent. i would believe this coin is an exchange. possibly coinmarket wallet address where all of us sent out coins to them. What is strange about this is that K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z this address keeps sending out the coins to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 we need to figure out what the hell is going on. It's obvious it's an exchange wallet. We don't really need to figure out much. There is a big miner making money. Same as the little miners. He just has a lot. Too bad for you |
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MintPal-Jay
Member
Offline
Activity: 106
Merit: 10
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February 17, 2014, 10:23:24 PM |
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Guys, more of you need to give MintPal a try  . We're quickly improving our site and increasing our overall volume. We have one of the best UIs around, a very responsive site and highly professional support. Many have commented that we have been their best trading experience to date. We were also first to list Karmacoin! There are plenty of KARM orders there waiting to be matched. https://www.mintpal.com/market/KARM/BTC |
MintPal - The fast and user friendly cryptocurrency exchange
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Poogasm
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February 17, 2014, 10:31:35 PM |
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Guys, more of you need to give MintPal a try . We're quickly improving our site and increasing our overall volume. We have one of the best UIs around, a very responsive site and highly professional support. Many have commented that we have been their best trading experience to date. We were also first to list Karmacoin! There are plenty of KARM orders there waiting to be matched. https://www.mintpal.com/market/KARM/BTCSeriously, Mintpal rocks! |
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bitwho
Legendary
Offline
Activity: 1274
Merit: 1000
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February 17, 2014, 10:40:51 PM |
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I've a question. Look's like a large private pool is connected to network... At this time is 1400Mhs network hashrate. pool.karmacoin.info - 387Mhs karma.hashstrike.com - 296Mhs other officially announced at start page ~ 10-20Mhs Black hole: ~700Mhs Next. Block 17840-17845 generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z with total amount of 4869397,001 KARMAs. 811566,1668 average per block. Higher than other pools... Ok... Some investigations in block explorer... http://explorer.karmacoin.info/tx/d02563e283e1b438b9d02c19bddcad584fd661384b8346bea625f41df3f936feK7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent appx 27517929.016 to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 Ok... Sent, sent and sent... And voila: Address KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5
Details
Balance 2589363996.56565243 KAR
Transactions in 742
Received 6955117377.22357766 KAR
Transactions out 336
Sent 4365753380.65792523 KAR
omg... 2.6 billion... 77btc at 3e-8... And yes, only K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5. May be I'm wrong, but... And now my question: is it possible 51% attack at KARMA network?add/ From block 18100 to 18143 all blocks with reward > 1mio except one was generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z, and smallest reward was appx 0.65mio. So lucky ))) That worries me a lot. Someone could enlighten us? lol that address almost has 16% of all KARM in existence on it lol Feels like the devs knew the algo and how to highly increase the chances of getting the bonus rewards, or that someone found a way to do so. If it's the devs, it starts to make sense as to why the bonus rewards are so high.. I think dev needs some explaining to do here. This wouldn't surprise me if it was true. The algorithm is right there in the source code: int static generateMTRandom(unsigned int s, int range)
{
random::mt19937 gen(s);
random::uniform_int_distribution<> dist(1, range);
return dist(gen);
}
...
if (maxRand != 0) {
double rand = generateMTRandom(seed, maxRand);
bonus = rand * COIN;
}
return nSubsidy + bonus + nFees;
It's a standard random number generator. They just got lucky with those blocks. As for the devs being involved with that miner.. they're not. I've spoken privately with them about it and they don't know who it is. There's no way to tell who it is, but it's clearly someone who saw a huge opportunity with karmacoin. That 700MH has been there for a LONG time now, and it has STAYED on almost the whole time. They could be mining a lot of other coins with that hash rate, but they're mining karma. I certainly hope they don't dump all those coin at once, because it would decimate the market... but I think they're smarter than that. If they have 70BTC+ worth at 3 satoshi, they have to be thinking about what is going to happen if it hits some real exchanges. It is not the definitely not the dev (my team)! The person (group, multiminer, etc) who has been mining it has a farm with between 700MH to 1GH, and they have been mining it consistently. That is upwards of $1M USD in equipment with an enormous electric bill (probably 40-50K USD). I am basing those estimates on what I pay for 2MH but it should be close. They definitely see a big upside to the coin and the community, as we do as well. Given their scale I don't see why this person would sell now or sell in a hurry (i.e. there is no way they are hurting for cash if they had enough to buy 1M of equipment). As far as the code and the algorithm, there isn't a way to game it to get more lucky. The source code is here at https://github.com/karmacoin-team/karmacoin, the file that has the algorithm is src/main.cpp. Also the algorithm is pretty much the same as used by DOGE for the randomness so it's been beat up and proven over the past several months of their existence. shows over 7 billion coins recieved and over 4 billion coins sent. i would believe this coin is an exchange. possibly coinmarket wallet address where all of us sent out coins to them. What is strange about this is that K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z this address keeps sending out the coins to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 we need to figure out what the hell is going on. It's obvious it's an exchange wallet. We don't really need to figure out much. There is a big miner making money. Same as the little miners. He just has a lot. Too bad for you exchange or not. the coins are flowing to it by basically one address.. that could easly introduce a %51 attack and fork us to the ground. so no i will not close my eyes. Neither should anyone else |
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MintPal-Jay
Member
Offline
Activity: 106
Merit: 10
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February 17, 2014, 10:46:16 PM |
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Seriously, Mintpal rocks!
Thanks! It's users like you that make it an absolute joy to run the site |
MintPal - The fast and user friendly cryptocurrency exchange
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chowmeow
Member
Offline
Activity: 98
Merit: 10
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February 17, 2014, 10:47:48 PM |
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Guys, more of you need to give MintPal a try . We're quickly improving our site and increasing our overall volume. We have one of the best UIs around, a very responsive site and highly professional support. Many have commented that we have been their best trading experience to date. We were also first to list Karmacoin! There are plenty of KARM orders there waiting to be matched. https://www.mintpal.com/market/KARM/BTCSeriously, Mintpal rocks! +1 |
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c4shm3n
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February 17, 2014, 10:48:26 PM |
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bitwho:
can you say me how i can introduce a 51% attack with 51% coins? i thought i need a 51% hashrate to inject the network but you say its enought 51% coins? explain me please how it works?
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,╓▄▄▄▄▄▄▄▄▄╓
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,▓███▀╜,▄▄███████████▄▄,╙▀████╖
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▓███╜╓████▀ ,▄▄█████▄▄, ▀████,╙███▌
▓███`╔███▀ ╓▓███▀▀▀▀▀████╖ ▀███@"███▌
]███▌┌███▌ ▐███ ███▄ ▐███ ▐███,
▐███ ▐███ .███ ███ ███▌ ███▌
▐███ ▐███ '███ ███ ███▌ ███▌
]███@╙███@ ▀██▌ ,▄██▌ ▐███ ▐███`
▓███ ▐███▄ ╙██▀╩ 9███╜ ╔███▀,███▌
████,╙███▌ ▓███╜,████
▀███▄ ▀╜ ▀▀ ▄███▌
╙████▄, ╓▄████╜
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'▀▀▀▀▀▀▀▀▀▀▀'
| CloakCoin | CloakCoin Private, Secure, Untraceable & Decentralized Digitalcurrency | Enigma
Chat | Bitcointalk | Twitter | Forum | Facebook | VK | Reddit | CloakTV | Instagram | Faucet
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btcforthefuture
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February 17, 2014, 11:10:46 PM |
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Guys, more of you need to give MintPal a try . We're quickly improving our site and increasing our overall volume. We have one of the best UIs around, a very responsive site and highly professional support. Many have commented that we have been their best trading experience to date. We were also first to list Karmacoin! There are plenty of KARM orders there waiting to be matched. https://www.mintpal.com/market/KARM/BTCSeriously, Mintpal rocks! +1 yeah mintpal is great. Deserves way more KARM volume if you compare it to coinmarket. |
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JohnCar
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February 17, 2014, 11:51:17 PM |
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Guys, more of you need to give MintPal a try . We're quickly improving our site and increasing our overall volume. We have one of the best UIs around, a very responsive site and highly professional support. Many have commented that we have been their best trading experience to date. We were also first to list Karmacoin! There are plenty of KARM orders there waiting to be matched. https://www.mintpal.com/market/KARM/BTCJust tried you exchange for the first time everything everything worked perfectly  |
TIT coming soon..............
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matauc12
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February 18, 2014, 12:05:09 AM |
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Pretty much every new coin is subject to being 51%'d. The fact we have someone with 700Mhs that could have 51% but didn't/doesnt just makes it that much safer. And now it's out of 51% reach.
I don't see any real threat here. The network is growing and that's just good.
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CryptoMF
Member
Offline
Activity: 70
Merit: 10
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February 18, 2014, 12:41:03 AM |
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I've a question. Look's like a large private pool is connected to network... At this time is 1400Mhs network hashrate. pool.karmacoin.info - 387Mhs karma.hashstrike.com - 296Mhs other officially announced at start page ~ 10-20Mhs Black hole: ~700Mhs Next. Block 17840-17845 generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z with total amount of 4869397,001 KARMAs. 811566,1668 average per block. Higher than other pools... Ok... Some investigations in block explorer... http://explorer.karmacoin.info/tx/d02563e283e1b438b9d02c19bddcad584fd661384b8346bea625f41df3f936feK7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent appx 27517929.016 to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 Ok... Sent, sent and sent... And voila: Address KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5
Details
Balance 2589363996.56565243 KAR
Transactions in 742
Received 6955117377.22357766 KAR
Transactions out 336
Sent 4365753380.65792523 KAR
omg... 2.6 billion... 77btc at 3e-8... And yes, only K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5. May be I'm wrong, but... And now my question: is it possible 51% attack at KARMA network?add/ From block 18100 to 18143 all blocks with reward > 1mio except one was generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z, and smallest reward was appx 0.65mio. So lucky ))) That worries me a lot. Someone could enlighten us? lol that address almost has 16% of all KARM in existence on it lol Feels like the devs knew the algo and how to highly increase the chances of getting the bonus rewards, or that someone found a way to do so. If it's the devs, it starts to make sense as to why the bonus rewards are so high.. I think dev needs some explaining to do here. This wouldn't surprise me if it was true. The algorithm is right there in the source code: int static generateMTRandom(unsigned int s, int range)
{
random::mt19937 gen(s);
random::uniform_int_distribution<> dist(1, range);
return dist(gen);
}
...
if (maxRand != 0) {
double rand = generateMTRandom(seed, maxRand);
bonus = rand * COIN;
}
return nSubsidy + bonus + nFees;
It's a standard random number generator. They just got lucky with those blocks. As for the devs being involved with that miner.. they're not. I've spoken privately with them about it and they don't know who it is. There's no way to tell who it is, but it's clearly someone who saw a huge opportunity with karmacoin. That 700MH has been there for a LONG time now, and it has STAYED on almost the whole time. They could be mining a lot of other coins with that hash rate, but they're mining karma. I certainly hope they don't dump all those coin at once, because it would decimate the market... but I think they're smarter than that. If they have 70BTC+ worth at 3 satoshi, they have to be thinking about what is going to happen if it hits some real exchanges. It is not the definitely not the dev (my team)! The person (group, multiminer, etc) who has been mining it has a farm with between 700MH to 1GH, and they have been mining it consistently. That is upwards of $1M USD in equipment with an enormous electric bill (probably 40-50K USD). I am basing those estimates on what I pay for 2MH but it should be close. They definitely see a big upside to the coin and the community, as we do as well. Given their scale I don't see why this person would sell now or sell in a hurry (i.e. there is no way they are hurting for cash if they had enough to buy 1M of equipment). As far as the code and the algorithm, there isn't a way to game it to get more lucky. The source code is here at https://github.com/karmacoin-team/karmacoin, the file that has the algorithm is src/main.cpp. Also the algorithm is pretty much the same as used by DOGE for the randomness so it's been beat up and proven over the past several months of their existence. shows over 7 billion coins recieved and over 4 billion coins sent. i would believe this coin is an exchange. possibly coinmarket wallet address where all of us sent out coins to them. What is strange about this is that K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z this address keeps sending out the coins to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 we need to figure out what the hell is going on. It's obvious it's an exchange wallet. We don't really need to figure out much. There is a big miner making money. Same as the little miners. He just has a lot. Too bad for you Too bad for us all as they are tanking the price. They don't care about the coin just about making money to pay for their massive equipment and power bills. Not sure whether we should be flattered they chose Karmacoin or afraid of what's to come. There seems to be buyers at a price that makes it profitable to mine so that is a big plus...even at the rate we are creating new coins (which is very high right now). If they are sending most of the coins to an exchange to sell then that may help to explain the massive sell positions at the 3,4,and 5 sat levels on all the exchanges. I am more concerned about what seems to be unfair average block rewards for them. Why are the seeing over 800,000 coins per block when all the pools are only seeing less than 500,000 coins per block over the last 24 hours. This to me is hard to explain with just luck and randomness. Dev's please explain how this can be? Almost double the payout per block is way out of the range of pure luck. Especially spread out over 24 hours. This is very disconcerting. It is bad enough they are getting all the blocks but getting all the good blocks as well is too much. |
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matauc12
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February 18, 2014, 12:49:00 AM |
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I've a question. Look's like a large private pool is connected to network... At this time is 1400Mhs network hashrate. pool.karmacoin.info - 387Mhs karma.hashstrike.com - 296Mhs other officially announced at start page ~ 10-20Mhs Black hole: ~700Mhs Next. Block 17840-17845 generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z with total amount of 4869397,001 KARMAs. 811566,1668 average per block. Higher than other pools... Ok... Some investigations in block explorer... http://explorer.karmacoin.info/tx/d02563e283e1b438b9d02c19bddcad584fd661384b8346bea625f41df3f936feK7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent appx 27517929.016 to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 Ok... Sent, sent and sent... And voila: Address KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5
Details
Balance 2589363996.56565243 KAR
Transactions in 742
Received 6955117377.22357766 KAR
Transactions out 336
Sent 4365753380.65792523 KAR
omg... 2.6 billion... 77btc at 3e-8... And yes, only K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5. May be I'm wrong, but... And now my question: is it possible 51% attack at KARMA network?add/ From block 18100 to 18143 all blocks with reward > 1mio except one was generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z, and smallest reward was appx 0.65mio. So lucky ))) That worries me a lot. Someone could enlighten us? lol that address almost has 16% of all KARM in existence on it lol Feels like the devs knew the algo and how to highly increase the chances of getting the bonus rewards, or that someone found a way to do so. If it's the devs, it starts to make sense as to why the bonus rewards are so high.. I think dev needs some explaining to do here. This wouldn't surprise me if it was true. The algorithm is right there in the source code: int static generateMTRandom(unsigned int s, int range)
{
random::mt19937 gen(s);
random::uniform_int_distribution<> dist(1, range);
return dist(gen);
}
...
if (maxRand != 0) {
double rand = generateMTRandom(seed, maxRand);
bonus = rand * COIN;
}
return nSubsidy + bonus + nFees;
It's a standard random number generator. They just got lucky with those blocks. As for the devs being involved with that miner.. they're not. I've spoken privately with them about it and they don't know who it is. There's no way to tell who it is, but it's clearly someone who saw a huge opportunity with karmacoin. That 700MH has been there for a LONG time now, and it has STAYED on almost the whole time. They could be mining a lot of other coins with that hash rate, but they're mining karma. I certainly hope they don't dump all those coin at once, because it would decimate the market... but I think they're smarter than that. If they have 70BTC+ worth at 3 satoshi, they have to be thinking about what is going to happen if it hits some real exchanges. It is not the definitely not the dev (my team)! The person (group, multiminer, etc) who has been mining it has a farm with between 700MH to 1GH, and they have been mining it consistently. That is upwards of $1M USD in equipment with an enormous electric bill (probably 40-50K USD). I am basing those estimates on what I pay for 2MH but it should be close. They definitely see a big upside to the coin and the community, as we do as well. Given their scale I don't see why this person would sell now or sell in a hurry (i.e. there is no way they are hurting for cash if they had enough to buy 1M of equipment). As far as the code and the algorithm, there isn't a way to game it to get more lucky. The source code is here at https://github.com/karmacoin-team/karmacoin, the file that has the algorithm is src/main.cpp. Also the algorithm is pretty much the same as used by DOGE for the randomness so it's been beat up and proven over the past several months of their existence. shows over 7 billion coins recieved and over 4 billion coins sent. i would believe this coin is an exchange. possibly coinmarket wallet address where all of us sent out coins to them. What is strange about this is that K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z this address keeps sending out the coins to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 we need to figure out what the hell is going on. It's obvious it's an exchange wallet. We don't really need to figure out much. There is a big miner making money. Same as the little miners. He just has a lot. Too bad for you Too bad for us all as they are tanking the price. They don't care about the coin just about making money to pay for their massive equipment and power bills. Not sure whether we should be flattered they chose Karmacoin or afraid of what's to come. There seems to be buyers at a price that makes it profitable to mine so that is a big plus...even at the rate we are creating new coins (which is very high right now). If they are sending most of the coins to an exchange to sell then that may help to explain the massive sell positions at the 3,4,and 5 sat levels on all the exchanges. I am more concerned about what seems to be unfair average block rewards for them. Why are the seeing over 800,000 coins per block when all the pools are only seeing less than 500,000 coins per block over the last 24 hours. This to me is hard to explain with just luck and randomness. Dev's please explain how this can be? Almost double the payout per block is way out of the range of pure luck. Especially spread out over 24 hours. This is very disconcerting. It is bad enough they are getting all the blocks but getting all the good blocks as well is too much. There is nothing wrong with mining the most profitable coin. It means equilibrium isn't reached. It's all a natural process at this point. And I don't know where the hell your claim about the block rewards inequity comes from. Looking at the top 3 pools blocks found, only a very few are under 500k. |
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CryptoMF
Member
Offline
Activity: 70
Merit: 10
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February 18, 2014, 04:26:58 AM |
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I've a question. Look's like a large private pool is connected to network... At this time is 1400Mhs network hashrate. pool.karmacoin.info - 387Mhs karma.hashstrike.com - 296Mhs other officially announced at start page ~ 10-20Mhs Black hole: ~700Mhs Next. Block 17840-17845 generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z with total amount of 4869397,001 KARMAs. 811566,1668 average per block. Higher than other pools... Ok... Some investigations in block explorer... http://explorer.karmacoin.info/tx/d02563e283e1b438b9d02c19bddcad584fd661384b8346bea625f41df3f936feK7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent appx 27517929.016 to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 Ok... Sent, sent and sent... And voila: Address KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5
Details
Balance 2589363996.56565243 KAR
Transactions in 742
Received 6955117377.22357766 KAR
Transactions out 336
Sent 4365753380.65792523 KAR
omg... 2.6 billion... 77btc at 3e-8... And yes, only K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z sent to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5. May be I'm wrong, but... And now my question: is it possible 51% attack at KARMA network?add/ From block 18100 to 18143 all blocks with reward > 1mio except one was generated by K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z, and smallest reward was appx 0.65mio. So lucky ))) That worries me a lot. Someone could enlighten us? lol that address almost has 16% of all KARM in existence on it lol Feels like the devs knew the algo and how to highly increase the chances of getting the bonus rewards, or that someone found a way to do so. If it's the devs, it starts to make sense as to why the bonus rewards are so high.. I think dev needs some explaining to do here. This wouldn't surprise me if it was true. The algorithm is right there in the source code: int static generateMTRandom(unsigned int s, int range)
{
random::mt19937 gen(s);
random::uniform_int_distribution<> dist(1, range);
return dist(gen);
}
...
if (maxRand != 0) {
double rand = generateMTRandom(seed, maxRand);
bonus = rand * COIN;
}
return nSubsidy + bonus + nFees;
It's a standard random number generator. They just got lucky with those blocks. As for the devs being involved with that miner.. they're not. I've spoken privately with them about it and they don't know who it is. There's no way to tell who it is, but it's clearly someone who saw a huge opportunity with karmacoin. That 700MH has been there for a LONG time now, and it has STAYED on almost the whole time. They could be mining a lot of other coins with that hash rate, but they're mining karma. I certainly hope they don't dump all those coin at once, because it would decimate the market... but I think they're smarter than that. If they have 70BTC+ worth at 3 satoshi, they have to be thinking about what is going to happen if it hits some real exchanges. It is not the definitely not the dev (my team)! The person (group, multiminer, etc) who has been mining it has a farm with between 700MH to 1GH, and they have been mining it consistently. That is upwards of $1M USD in equipment with an enormous electric bill (probably 40-50K USD). I am basing those estimates on what I pay for 2MH but it should be close. They definitely see a big upside to the coin and the community, as we do as well. Given their scale I don't see why this person would sell now or sell in a hurry (i.e. there is no way they are hurting for cash if they had enough to buy 1M of equipment). As far as the code and the algorithm, there isn't a way to game it to get more lucky. The source code is here at https://github.com/karmacoin-team/karmacoin, the file that has the algorithm is src/main.cpp. Also the algorithm is pretty much the same as used by DOGE for the randomness so it's been beat up and proven over the past several months of their existence. shows over 7 billion coins recieved and over 4 billion coins sent. i would believe this coin is an exchange. possibly coinmarket wallet address where all of us sent out coins to them. What is strange about this is that K7SBPBYDkEPpDqpARgE9xBes7f1FZ6w68Z this address keeps sending out the coins to KUMpz7KSH2ym3XVDFws3YhqapcA26JdQW5 we need to figure out what the hell is going on. It's obvious it's an exchange wallet. We don't really need to figure out much. There is a big miner making money. Same as the little miners. He just has a lot. Too bad for you Too bad for us all as they are tanking the price. They don't care about the coin just about making money to pay for their massive equipment and power bills. Not sure whether we should be flattered they chose Karmacoin or afraid of what's to come. There seems to be buyers at a price that makes it profitable to mine so that is a big plus...even at the rate we are creating new coins (which is very high right now). If they are sending most of the coins to an exchange to sell then that may help to explain the massive sell positions at the 3,4,and 5 sat levels on all the exchanges. I am more concerned about what seems to be unfair average block rewards for them. Why are the seeing over 800,000 coins per block when all the pools are only seeing less than 500,000 coins per block over the last 24 hours. This to me is hard to explain with just luck and randomness. Dev's please explain how this can be? Almost double the payout per block is way out of the range of pure luck. Especially spread out over 24 hours. This is very disconcerting. It is bad enough they are getting all the blocks but getting all the good blocks as well is too much. There is nothing wrong with mining the most profitable coin. It means equilibrium isn't reached. It's all a natural process at this point. And I don't know where the hell your claim about the block rewards inequity comes from. Looking at the top 3 pools blocks found, only a very few are under 500k. Please do your research, I did. Last 24 hour average block size for pools: From 8 pm 2/16/14 to 8 pm 2/17/14 (PST timezone) karma.hashstrike.com = 247 blocks/448009.8825910931 avg http://pool.karmacoin.info = 237 blocks/456402.3839662447 avg http://karm.idcray.com = 103 blocks/717014.3203883495 avg For a total average of 587 blocks/498600.1379897785 avg That is where the hell my claim comes from. I don't want to argue but please research first. This is way out of the range of luck isn't it? The attacker is getting massive block sizes somehow compared to the pools. http://pool.karmacoin.info = |
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landslide
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February 18, 2014, 07:01:14 AM |
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Guys, more of you need to give MintPal a try . We're quickly improving our site and increasing our overall volume. We have one of the best UIs around, a very responsive site and highly professional support. Many have commented that we have been their best trading experience to date. We were also first to list Karmacoin! There are plenty of KARM orders there waiting to be matched. https://www.mintpal.com/market/KARM/BTCSeriously, Mintpal rocks! +1 yeah mintpal is great. Deserves way more KARM volume if you compare it to coinmarket. I like Mintpal too... what's the promotion plan for KARM? The price is pretty low. |
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lasybear
Member
Offline
Activity: 113
Merit: 14
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February 18, 2014, 07:28:22 AM
Last edit: February 18, 2014, 07:45:46 AM by lasybear |
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Last 24 hour average block size for pools: From 8 pm 2/16/14 to 8 pm 2/17/14 (PST timezone) karma.hashstrike.com = 247 blocks/448009.8825910931 avg http://pool.karmacoin.info = 237 blocks/456402.3839662447 avg http://karm.idcray.com = 103 blocks/717014.3203883495 avg For a total average of 587 blocks/498600.1379897785 avg That is where the hell my claim comes from. I don't want to argue but please research first. This is way out of the range of luck isn't it? The attacker is getting massive block sizes somehow compared to the pools. Hmm... Don't understand... What a coin is mined by karm.idcray.com? One miner with 1Mhs Last Hour 34 Avg. Diff 0.0273 Amount 27659463 Seems looks like a fake... |
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