Bitcoin Forum
November 24, 2017, 01:34:25 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 [127] 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 ... 423 »
  Print  
Author Topic: [ANN][KARM] Karma / ₭ / X11  (Read 564639 times)
learminer
Hero Member
*****
Offline Offline

Activity: 559


View Profile
June 18, 2014, 02:05:33 PM
 #2521

In the words of the great Encyclopedia Galactica: DON'T PANIC

Did the "possible 51% attack" originate form a regular mining pool? I somehow doubt that. Prematurely blaming regular pools is IMO a bad move and definitely not good Karma. Isn't it much more likely that the attack was coming from an external actor, rather than the existing Karma mining community? What if it is related to the 1.5+ GH/s Nethash that were unaccounted for last week? Was it even an attack on the regular network or rather aimed at Mintpal directly? I'd like to see some facts before we rush to conclusions and point fingers.

If it was indeed a 51% attack, it is pretty much the scenario I and others were warning about in April. Because of the new ASICs several GH/s of mining power are suddenly at the whim of a few select people. Moving our existing hashrate to P2Pools doesn't protect from that. P2Pool is a tiny piece in the puzzle of securing the network at best.

Another piece would be if the community and/or LLC joined the game and secured the network by aquiring additional mining power, either through renting rigs or purchasing ASICs. This was already suggested as an idea on the Karmashares forums IIRC.

In the interest of not getting this whole mining/algo/PoS discussion started again, I'll just shut up now. The team will work it out, I trust them to do whatever is best for Karma.

I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Chargin
Full Member
***
Offline Offline

Activity: 184


View Profile
June 18, 2014, 02:12:35 PM
 #2522

I have made a thread about who should be able to post announcements here:
http://karmashares.com/forums/index.php/topic,326.0.html

I have also made a thread about making sure announcements etc are posted everywhere here (just in case you missed it  Roll Eyes):
http://karmashares.com/forums/index.php/topic,310.0.html

The Karma moderators are listed here:
http://karmashares.com/forums/index.php/topic,297.0.html

First Moderator: Kosmost
Operations: ShawnLeary
Finance & Accounting: chargin
Marketing & PR: jasondecosta (Lead Moderator); easteagle13 (Assistant Moderator)
Charities & Causes: KarmaKaguy
Community: pdogg147
HR: gueyyya

FYI Kosmost made this thread here about spreading the hash rate pointing to AGcrypto's Reddit post:
http://karmashares.com/forums/index.php/topic,324.0.html

Chargin.

Vote to get Karma listed on this exchange: https://hitbtc.com/vote (sign up to get a vote for 10 points, vote once every 24 hrs)
kosmost
Sr. Member
****
Offline Offline

Activity: 434


Do Something Good Today!


View Profile WWW
June 18, 2014, 03:10:47 PM
 #2523

I would like to hear what Kosmost and Shaun have to say on the matter. So far there has been no official word from either of them about this here.

The announcement of this 'maybe/may not be' attack caused a significant dumping of coins while it was trending up again. That is not acceptable. The threat should have been proven beyond reasonable doubt before making a public announcement (on both here and reddit I see) and it should have been accompanied by proof for all to verify.

By all accounts it would appear that the threat had already abated before the members posted their announcement - all the more reason to privately inform Kosmost of the concern and let him handle it.

There are ways of dealing with things like this professionally, and although I'm sure the members who posted had no ill intention - it was not professional.


A double-spend attack appears to have been stopped in its tracks by the good folks at MintPal. At this time there is not much else to say, other than the team and I have been actively discussing how to make Karma even more secure.

We are always looking to spread the hash with the mining community as a matter of network health. The announcement today was good reason to remind us. It may have caused a bit of dumping, yes, but more than likely a whale-type took advantage of the "news" and made the market panic a little, to their advantage (which happens a bit too often in crypto).

There is nothing else to be concerned with at this time. However, we should be making an announcement regarding an improved algorithm for Karma shortly.

Our coin is healthy, our market is heatlhy. We are still on a path to BTC pairing, and still on track with everything else.

The more our community helps us get there, the better Smiley

Goodomy ["GOOD"] token here ∞ Rewards for customers of 700,000 retail stores in the US and millions more around the world
kosmost
Sr. Member
****
Offline Offline

Activity: 434


Do Something Good Today!


View Profile WWW
June 18, 2014, 03:25:18 PM
 #2524

Congratulations to our new Marketing & PR workgroup!

Lead moderator: jasondecosta
Assistant Moderator: easteagle13


Announcement http://karmashares.com/forums/index.php/topic,327.0.html

Goodomy ["GOOD"] token here ∞ Rewards for customers of 700,000 retail stores in the US and millions more around the world
kosmost
Sr. Member
****
Offline Offline

Activity: 434


Do Something Good Today!


View Profile WWW
June 18, 2014, 03:45:12 PM
 #2525

Congratulations to the new Karmashares team.

We're excited to finally get started on making Karma great!

Our first Board meeting will be held within the next few days. More info here

Goodomy ["GOOD"] token here ∞ Rewards for customers of 700,000 retail stores in the US and millions more around the world
altcoingood
Full Member
***
Offline Offline

Activity: 172


View Profile
June 18, 2014, 04:35:03 PM
 #2526


To spend the money/power/resources to earn a few extra million Karma doesn't add up, IMHO.
You don't need 51% to do a successful attack on KGW.
karmala
Sr. Member
****
Offline Offline

Activity: 448


View Profile
June 18, 2014, 04:45:59 PM
 #2527


To spend the money/power/resources to earn a few extra million Karma doesn't add up, IMHO.
You don't need 51% to do a successful attack on KGW.

We will bring something new on the table soon.

Telgram messenger with attention economy http://r.getgems.org/m/TuJXXBal9o
p4r4m0un7
Sr. Member
****
Offline Offline

Activity: 350


View Profile
June 18, 2014, 05:14:44 PM
 #2528

I have made a thread about who should be able to post announcements here:
http://karmashares.com/forums/index.php/topic,326.0.html

I have also made a thread about making sure announcements etc are posted everywhere here (just in case you missed it  Roll Eyes):
http://karmashares.com/forums/index.php/topic,310.0.html

The Karma moderators are listed here:
http://karmashares.com/forums/index.php/topic,297.0.html

First Moderator: Kosmost
Operations: ShawnLeary
Finance & Accounting: chargin
Marketing & PR: jasondecosta (Lead Moderator); easteagle13 (Assistant Moderator)
Charities & Causes: KarmaKaguy
Community: pdogg147
HR: gueyyya

FYI Kosmost made this thread here about spreading the hash rate pointing to AGcrypto's Reddit post:
http://karmashares.com/forums/index.php/topic,324.0.html

Chargin.

You all deserve more, than just become a formal lead of this bunch of us and take more responsibilities. But history remember only heroes. So, congrats guys. You are all great.
GO KARMA!
ShawnLeary
Hero Member
*****
Offline Offline

Activity: 504



View Profile
June 18, 2014, 05:36:13 PM
 #2529


To spend the money/power/resources to earn a few extra million Karma doesn't add up, IMHO.
You don't need 51% to do a successful attack on KGW.

You only need enough nodes to confirm the transaction with enough confidence to fool the exchange, correct?

"We have the power to begin the world over again" - Thomas Paine
altcoingood
Full Member
***
Offline Offline

Activity: 172


View Profile
June 18, 2014, 05:37:26 PM
 #2530


To spend the money/power/resources to earn a few extra million Karma doesn't add up, IMHO.
You don't need 51% to do a successful attack on KGW.

We will bring something new on the table soon.
Yes, I am just saying you don't need to buy a lot of hash power to perform the attack. at 3Gh/s you only need 122Mh/s. At 1.3Gh/s it drops to 53Mh/s.

You only need enough nodes to confirm the transaction with enough confidence to fool the exchange, correct?
I am not really sure. You can read about it here: https://bitcointalk.org/index.php?topic=552895.msg6021008#msg6021008
easteagle13
Hero Member
*****
Offline Offline

Activity: 658


View Profile
June 18, 2014, 05:50:42 PM
 #2531

Congratulations to our new Marketing & PR workgroup!

Lead moderator: jasondecosta
Assistant Moderator: easteagle13


Announcement http://karmashares.com/forums/index.php/topic,327.0.html

Thanks hehe, Chargin emailed me about something and congratulating me about being a moderator, awhile before, I saw the scores where only me and Jason is listed, and I know all workgroups have only one moderator, so when I replied to Chargin I told him/her I did not win, to my suprise a couple of pages later i saw this, we were listed as moderator and assistant moderator hehe, so from election to sitting PR/Marketing has something unique.

Thanks again, more power to the Team, the community and Karma!

TIP ME ₭ARMA:  KJeEKJv1LXHM8cYeRgQG3q87BFA4W3sTGg  FOR KARMA TRANSLATION BUDGET SEND TO: KHvkhA7RTFnG8N5RWPB48gs2y8K1od6xF4
OFF. ₭ARMA FB PAGE: https://www.facebook.com/karmacoin.me. http://lill.com
bitwho
Legendary
*
Offline Offline

Activity: 1134



View Profile
June 18, 2014, 06:07:10 PM
 #2532

guys. let us focus on our POW for now.


i suggested before to move all our miners to p2p pool. it doesnt mater how long it will take. we should start educating them to only mine in p2p pool.

three weeks ago we had a net hashrate of 500 mh/s. karma .multicoin-pool.eu  had the %51 net hashrate with 300 mh/s.

clearly we have moved to higher ground and karma-multi-pool.eu is a small timer.

Therefore we should think in future past. if we raise in 100s satoshis we will have over 50 gh/s of network! So we need to think ahead. everytime we rise in price. outside miners come to check out thread and find the highest pool

this is why if we keep promoting p2p pools eventually we will start seeing more miners in there. soon our p2p pool will be the biggest pool. This will attract even more miners to jump on board. we all know they biggest pool finds the most blocks and miners only care about short time rewards so they all hug the biggest pool.

Well in p2p pool it will never matter who big it will get as the pool itself does not find the blocks but individuals do! this way we can promote the pool endlessly!

I have asked altcoingood to set up  a donation address where we will donate karma. this is the cheapest and safest way to solve any future %51 attack

look at all the communites. they are scrambling to get their miners to a p2p pool. We are a young community and we will become the leading role to other communities.
pabloangello
Legendary
*
Offline Offline

Activity: 1078


View Profile WWW
June 18, 2014, 06:08:19 PM
 #2533

guys. let us focus on our POW for now.


i suggested before to move all our miners to p2p pool. it doesnt mater how long it will take. we should start educating them to only mine in p2p pool.

three weeks ago we had a net hashrate of 500 mh/s. karma .multicoin-pool.eu  had the %51 net hashrate with 300 mh/s.

clearly we have moved to higher ground and karma-multi-pool.eu is a small timer.

Therefore we should think in future past. if we raise in 100s satoshis we will have over 50 gh/s of network! So we need to think ahead. everytime we rise in price. outside miners come to check out thread and find the highest pool

this is why if we keep promoting p2p pools eventually we will start seeing more miners in there. soon our p2p pool will be the biggest pool. This will attract even more miners to jump on board. we all know they biggest pool finds the most blocks and miners only care about short time rewards so they all hug the biggest pool.

Well in p2p pool it will never matter who big it will get as the pool itself does not find the blocks but individuals do! this way we can promote the pool endlessly!

I have asked altcoingood to set up  a donation address where we will donate karma. this is the cheapest and safest way to solve any future %51 attack

look at all the communites. they are scrambling to get their miners to a p2p pool. We are a young community and we will become the leading role to other communities.

What you mean " in 100s satoshis" ?

bitwho
Legendary
*
Offline Offline

Activity: 1134



View Profile
June 18, 2014, 06:20:08 PM
 #2534

i meant to say 500 satoshis.. sorry

0.00000500 btc/ 1 karma  


this is the minimum goal we are trying to push. clearly future reference.

as we can see from dogecoin. a coin will a good community and x2 more coin then us  is safely stable at 50 satoshis.

so i expect karma to easy be at minimum 50 satoshis by the end of the year.
bitwho
Legendary
*
Offline Offline

Activity: 1134



View Profile
June 18, 2014, 06:20:46 PM
 #2535

btw pabloangello.

is communitycoin's multi pool mining karma?
easteagle13
Hero Member
*****
Offline Offline

Activity: 658


View Profile
June 18, 2014, 06:27:20 PM
 #2536

I would like to thank the following people for Karma tipping donations, translation fund and other things

kosmost
Shawnleary
Delaforetnoire
p4r4m0un7
ptman          
cryptowho
ezvm            
ptman    
crypto14      
pugwilfy
Karmakaguy

At the moment we have 1,700,000 karma for tipping fund
and 5,650,000 Karma for translation fund

of which my personal share is 2,300,000 karma.

More power to us who really believe in the community vision and mission of Karma. If you want to share in this funds Here are the addresses you can send your share to.

for Tipping fund:  KRzVcFi6TNDvQ1WPQbRd9QWk1cA2xCsEW2
for Translation fund  : KHvkhA7RTFnG8N5RWPB48gs2y8K1od6xF4

The more fund we have the more things we can do.


TIP ME ₭ARMA:  KJeEKJv1LXHM8cYeRgQG3q87BFA4W3sTGg  FOR KARMA TRANSLATION BUDGET SEND TO: KHvkhA7RTFnG8N5RWPB48gs2y8K1od6xF4
OFF. ₭ARMA FB PAGE: https://www.facebook.com/karmacoin.me. http://lill.com
karmala
Sr. Member
****
Offline Offline

Activity: 448


View Profile
June 18, 2014, 06:33:22 PM
 #2537

I would like to thank the following people for Karma tipping donations, translation fund and other things

kosmost
Shawnleary
Delaforetnoire
p4r4m0un7
ptman          
ezvm            
ptman    
crypto14      
pugwilfy

At the moment we have 1,700,000 karma for tipping fund
and 5,650,000 Karma for translation fund

of which my personal share is 2,300,000 karma.

More power to us who really believe in the community vision and mission of Karma. If you want to share in this funds Here are the addresses you can send your share to.

for Tipping fund:  KRzVcFi6TNDvQ1WPQbRd9QWk1cA2xCsEW2
for Translation fund  : KHvkhA7RTFnG8N5RWPB48gs2y8K1od6xF4

The more fund we have the more things we can do.



I am quite sure that I should be also on that list. But doesent matter. Another thing: Herewith I proudly announce that I just bought the soul of user Yiepie over our Marketplace at Karmashare.me! 7fa96b84fe777265bb57e5b65b9968d41955a7993b4f95ced36b56891a239625-000

I am willing to donate it for a good cause.

Telgram messenger with attention economy http://r.getgems.org/m/TuJXXBal9o
pabloangello
Legendary
*
Offline Offline

Activity: 1078


View Profile WWW
June 18, 2014, 06:33:32 PM
 #2538

btw pabloangello.

is communitycoin's multi pool mining karma?

Not yet but not a bad suggestion.
Btw. I am not CommunityCoin dev Wink

pabloangello
Legendary
*
Offline Offline

Activity: 1078


View Profile WWW
June 18, 2014, 06:34:57 PM
 #2539

i meant to say 500 satoshis.. sorry

0.00000500 btc/ 1 karma  


this is the minimum goal we are trying to push. clearly future reference.

as we can see from dogecoin. a coin will a good community and x2 more coin then us  is safely stable at 50 satoshis.

so i expect karma to easy be at minimum 50 satoshis by the end of the year.

Even 50 satoshis would be quite nice achievment. 500 satoshi would need a mega amount of development and marketing work.

bitwho
Legendary
*
Offline Offline

Activity: 1134



View Profile
June 18, 2014, 06:35:51 PM
 #2540

btw pabloangello.

is communitycoin's multi pool mining karma?

Not yet but not a bad suggestion.
Btw. I am not CommunityCoin dev Wink

hahah i know

also please dont! we got enough lechers in our back :/
Pages: « 1 ... 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 [127] 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 ... 423 »
  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!