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lonely@thetop
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March 25, 2014, 12:51:49 PM |
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Or this could be multipool buying up coins
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ssaCEO
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March 25, 2014, 12:59:59 PM |
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Getting scary out there... The roundness of those orders suggests it's just a few people holding up the price....  Yep, its being manipulated to dump - they get you to pump it up by panic buying more only to dump on you - probably the coins that were stolen. |
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FinaGica
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March 25, 2014, 01:00:12 PM |
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Somebody is going to dump a big amount of BC!!Sad but true!!!
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ptic-1
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March 25, 2014, 01:00:33 PM |
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Or this could be multipool buying up coins
talking abour pool when should I expect BC-s from blackcoinpool wheres more info about pool ,how they pay OUT, any thread running for blackcoinpool im mining again, mined yestarday for 1 hour or so, didnt got ZERO |
█ B █ T █ C █12J89RucSq2vX5m5TcC5fP3PwVUrtWHn4c█ B █ T █ C █
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chango
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March 25, 2014, 01:01:13 PM |
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(cross posting this from https://bitcointalk.org/index.php?topic=529779.80) Can someone competent explain how # blackcoind sendfrom <account> <address> <amount> could continue to work if the total wallet balance was negative? Was the daemon just generating fake coins and sending them? Or what? There are instances where getbalance shows a negative amount on individual accounts in Bitcoind as well, that's not unusual. On Sapphire we don't rely on accounts for individual users, and rather just check getreceivedbyaddress against the known prior deposits for a given address (which we assign to one user). What would be very unusual is if the total amount in the wallet was negative, and the daemon was still allowing coins to be sent. Am I to take it that's what happened here? Or am I misreading that chat somehow? As far as I understand they had 1.8M but their internal accounts shows a lot more ~22M, so some people took all the bc they didn't have, until the 1.8M was gone. But after that, no more coins can be taken since they are not really there in the first place. But they should be able to trace all this coins from the withdrawal info / trades and deposits. Not really hard, unless they don't even have logs xD. |
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lonely@thetop
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March 25, 2014, 01:01:59 PM |
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Getting scary out there... The roundness of those orders suggests it's just a few people holding up the price.... Yep, its being manipulated to dump - they get you to pump it up by panic buying more only to dump on you - probably the coins that were stolen. Total loss reported about 1.5 million coins, 22 million number is their total processed coins as far as I understand. The coins were withdrawn by normal CR users seeing larger balance than they should have, not a single entity/hacker. The coins were distributed across many people, no single large dumper was born. The coins are useable. |
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lonely@thetop
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March 25, 2014, 01:03:06 PM |
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Or this could be multipool buying up coins
talking abour pool when should I expect BC-s from blackcoinpool wheres more info about pool ,how they pay OUT, any thread running for blackcoinpool im mining again, mined yestarday for 1 hour or so, didnt got ZERO Go to irc, better support there, pool is up, shares are counted, frontend stats don't work, you will be paid out. |
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Fraxinus
Legendary
 Offline
Activity: 1274
Merit: 1000
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March 25, 2014, 01:05:19 PM |
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I have a feeling we are in the eye of the storm.
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ssaCEO
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March 25, 2014, 01:05:34 PM |
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Getting scary out there... The roundness of those orders suggests it's just a few people holding up the price.... Yep, its being manipulated to dump - they get you to pump it up by panic buying more only to dump on you - probably the coins that were stolen. Total loss reported about 1.5 million coins, 22 million number is their total processed coins as far as I understand. The coins were withdrawn by normal CR users seeing larger balance than they should have, not a single entity/hacker. The coins were distributed across many people, no single large dumper was born. The coins are useable. How did they end up with a total negative balance in their wallet? I mean, the daemon will not send coins it doesn't have. They must have HAD that many coins -- but they're claiming they didn't. They say they only had 68k coins or something, and ended up with a massive negative balance. The client doesn't -- or obviously shouldn't -- allow that to happen. The only way it might happen that I can see would be if the coins were on a bad fork. Right? Forget about logs, all the coins coming out of that wallet should be traceable and invalidated if they were in fact sent due to a bug in the client. |
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lonely@thetop
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March 25, 2014, 01:06:29 PM |
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Or this could be multipool buying up coins
talking abour pool when should I expect BC-s from blackcoinpool wheres more info about pool ,how they pay OUT, any thread running for blackcoinpool im mining again, mined yestarday for 1 hour or so, didnt got ZERO  what am I mining here www.blackcoinpool.com master? It is mining the most profitable coin which is not currently displayed, exchanges to BTC, uses BTC to buy BC through out the day and pay your shares. It is manual work and pay outs might lag, they will resume work on frontend stats tomorrow AFAIK. |
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dominikf
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March 25, 2014, 01:08:07 PM |
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God damn it somebody else having this problem that blackcoins are held for orders on mintpal? But nowhere to be found on the BTC/BC market? I am thus unable to cancel the order or even cash out the BC ...
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lonely@thetop
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March 25, 2014, 01:09:51 PM |
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Getting scary out there... The roundness of those orders suggests it's just a few people holding up the price.... Yep, its being manipulated to dump - they get you to pump it up by panic buying more only to dump on you - probably the coins that were stolen. Total loss reported about 1.5 million coins, 22 million number is their total processed coins as far as I understand. The coins were withdrawn by normal CR users seeing larger balance than they should have, not a single entity/hacker. The coins were distributed across many people, no single large dumper was born. The coins are useable. How did they end up with a total negative balance in their wallet? I mean, the daemon will not send coins it doesn't have. They must have HAD that many coins -- but they're claiming they didn't. They say they only had 68k coins or something, and ended up with a massive negative balance. The client doesn't -- or obviously shouldn't -- allow that to happen. The only way it might happen that I can see would be if the coins were on a bad fork. Right? Forget about logs, all the coins coming out of that wallet should be traceable and invalidated if they were in fact sent due to a bug in the client. They had that many coins, it was just distributed all to the wrong people. As far as I understand they rely on coin daemon account feature to track user balances, but for POS coins this is inaccurate as coin staking creates new addresses and moves coins around, I don't claim to understand where/how the negative balance thing happened, maybe rat4 will show up and explain, but these questions probably better asked in CR announcement thread. |
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hamm3r
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March 25, 2014, 01:10:36 PM |
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God damn it somebody else having this problem that blackcoins are held for orders on mintpal? But nowhere to be found on the BTC/BC market? I am thus unable to cancel the order or even cash out the BC ...
Nope. Trading works like a charm. Even at work  |
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dominikf
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March 25, 2014, 01:16:00 PM |
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God damn it somebody else having this problem that blackcoins are held for orders on mintpal? But nowhere to be found on the BTC/BC market? I am thus unable to cancel the order or even cash out the BC ...
Nope. Trading works like a charm. Even at work Is there an IRC of mintpal where you can chat to admins? |
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FinaGica
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March 25, 2014, 01:17:00 PM |
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watch out people sell high buy LOW!!:)
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ptic-1
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March 25, 2014, 01:20:20 PM
Last edit: March 25, 2014, 02:01:14 PM by ptic-1 |
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 and guinness anyone  yes yes question is DO I make more with blackpool or to manually mine most or at least most of all most profitable coin and self buy BC |
█ B █ T █ C █12J89RucSq2vX5m5TcC5fP3PwVUrtWHn4c█ B █ T █ C █
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FinaGica
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March 25, 2014, 01:21:35 PM |
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Someone is playing and pumping up the price to sell coins at a high price.Watch out!!
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illodin
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March 25, 2014, 01:23:25 PM |
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yes yes question is DO I make more with blackpool or to manually mine most or at least most of all most profitable coin and self buy BC
I guess it depends on can you pick better coin(s) to mine than the pool and can you pick a better spot to sell and buy. I would imagine it wouldn't be worth the hassle to do all that by yourself. |
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lonely@thetop
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March 25, 2014, 01:24:24 PM |
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You would make more mining yourself but as the stats are fixed your hashrate will have an impact on positive outlook on the coin's future - if the pools is huge hashrate people will buy in anticipation of growing price cause of multipool.
I'll sacrifice my short term earnings by mining there even with lesser payouts to help this coin grow.
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FinaGica
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March 25, 2014, 01:25:50 PM |
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Ouuu going to drink a beer too!!Great idea!!!:)
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