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Author Topic: [ANN][KARM] Karma / ₭ / X11  (Read 563771 times)
AGcrypto
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June 18, 2014, 06:41:43 PM
 #2541

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.

This is me speaking for self.

No one is blaming anyone as we don't have proof on who did what. But there has been speculation among a few of us that there is the possibility of a shadow pool or pools who are modifying their front ends to show one thing yet combining hash power in the back or have a private pool made up of huge hash power rigs that is working hidden to the public. Again we don't have any tangible proof on who is or is not doing this, however I will challenge you to look up all the pools you can find and then add up their hashrate. You will find that their is currently close to 1.5-2gh of net hash that is unaccounted for. And i think you would be foolish to think there are that many people solo mining. While asking people to mine at a p2pool is not a fix all it does put us one step forward in an attempt to spread the hash rate instead of having it all focused in one place. Hell for all we know you could be unknowing hashing away at a pool that is feeding this type of attack without you even having a clue. In the end to each is their own, if you switch to a p2pool or not that is up to you. But at least it was put out there on what could be happening and its up to you if you wish to react or not. The health of Karma and its security is very important the Karma Team and rest assured they are looking into doing what they can to make sure Karma remains secure for years to come.  
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June 18, 2014, 06:47:10 PM
 #2542

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.

This is me speaking for self.

No one is blaming anyone as we don't have proof on who did what. But there has been speculation among a few of us that there is the possibility of a shadow pool or pools who are modifying their front ends to show one thing yet combining hash power in the back or have a private pool made up of huge hash power rigs that is working hidden to the public. Again we don't have any tangible proof on who is or is not doing this, however I will challenge you to look up all the pools you can find and then add up their hashrate. You will find that their is currently close to 1.5-2gh of net hash that is unaccounted for. And i think you would be foolish to think there are that many people solo mining. While asking people to mine at a p2pool is not a fix all it does put us one step forward in an attempt to spread the hash rate instead of having it all focused in one place. Hell for all we know you could be unknowing hashing away at a pool that is feeding this type of attack without you even having a clue. In the end to each is their own, if you switch to a p2pool or not that is up to you. But at least it was put out there on what could be happening and its up to you if you wish to react or not. The health of Karma and its security is very important the Karma Team and rest assured they are looking into doing what they can to make sure Karma remains secure for years to come.  

no. you all must move to p2p pool. if you care about this coin and want best for its safety.

we should have pushed for p2p pool from the beginning.

this is a must. there is no other options that will not require massive $$ invested or risking to break it by switching algo
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June 18, 2014, 07:18:07 PM
 #2543

oh man. i just saw that my post sounds alarming. they are not.

it would be nice for all of you to move your mining rigs to p2p pools but i am not worried. By the time the team is done promoting p2p pool all the miners would be on it anyways.

as i said. i am in talking with altcoingood. he will set up a donation address where we will collect donation to use to reward miners to jump on p2p pool trains.

this pools will have no fee , bonus for block finders, 24 hrs bonuses , new entrance bonus and tons of other rewards that will help make mining in p2p pools appealing. already 22 million karma are offered to help this transition.

at this time i urge any other pool miners to set up a p2p pool and move your miners there.
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June 18, 2014, 08:15:36 PM
 #2544

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.

Actually, it matters to me. Please post here, if you donated for translation in russian or italian. I promised to add 10% to each donation to 20 mill. And I keep my promises.

Если вы русский, пожалуйста, помогите нам с переводом сайтов Карма.

Se sei italiano, vi preghiamo di aiutarci con le traduzioni di siti Karma

Our community will reward you.
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June 18, 2014, 09:06:33 PM
 #2545

oh man. i just saw that my post sounds alarming. they are not.

it would be nice for all of you to move your mining rigs to p2p pools but i am not worried. By the time the team is done promoting p2p pool all the miners would be on it anyways.

as i said. i am in talking with altcoingood. he will set up a donation address where we will collect donation to use to reward miners to jump on p2p pool trains.

this pools will have no fee , bonus for block finders, 24 hrs bonuses , new entrance bonus and tons of other rewards that will help make mining in p2p pools appealing. already 22 million karma are offered to help this transition.

at this time i urge any other pool miners to set up a p2p pool and move your miners there.

KT5baGYnC9YfLAQuGQGmZJ7kFaD1kWDrdH is the donation address http://karma.p2pool.altcoin.dk/

i am going to send over 20 mill to this cause
altcoingood
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June 18, 2014, 09:20:12 PM
 #2546

oh man. i just saw that my post sounds alarming. they are not.

it would be nice for all of you to move your mining rigs to p2p pools but i am not worried. By the time the team is done promoting p2p pool all the miners would be on it anyways.

as i said. i am in talking with altcoingood. he will set up a donation address where we will collect donation to use to reward miners to jump on p2p pool trains.

this pools will have no fee , bonus for block finders, 24 hrs bonuses , new entrance bonus and tons of other rewards that will help make mining in p2p pools appealing. already 22 million karma are offered to help this transition.

at this time i urge any other pool miners to set up a p2p pool and move your miners there.

KT5baGYnC9YfLAQuGQGmZJ7kFaD1kWDrdH is the donation address http://karma.p2pool.altcoin.dk/

i am going to send over 20 mill to this cause
The fee has also been removed.
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June 18, 2014, 10:21:01 PM
 #2547

Alt.....I answered the panic call this morning and switched my solo to your P2p pool.
Saw these weird little 3~10 karmacoin receives coming in this afternoon and went huh?
Quick check on the karma P2p site I saw the .5% fees lined out and went "Alright!"

I was just trying to "pitch in" and help and didn't expect this action on your part.
I'm not a pump-dumper (as Shawn will tell you) but a long haul miner that just enjoys it.
What I want to know is how the flip flop someone gets almost 90GHz in that pool?

I thought asics were coin specific....that's a lot of GPUs and electricity.

Any way , thank you for the adjustment, I'll leave Joeball on the pool.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▬▬     SPECTRE     ▬▬ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
            Integrated TOR+OBFS4  Secure    Untraceable     
Spectre Slack Twitter reddit -
 Spectre Website
karmala
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June 18, 2014, 10:41:44 PM
 #2548

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.

Actually, it matters to me. Please post here, if you donated for translation in russian or italian. I promised to add 10% to each donation to 20 mill. And I keep my promises.

Если вы русский, пожалуйста, помогите нам с переводом сайтов Карма.

Se sei italiano, vi preghiamo di aiutarci con le traduzioni di siti Karma

Our community will reward you.

I remember having donated 500000 to some translation

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easteagle13
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June 18, 2014, 10:45:05 PM
 #2549

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.

Karmala the original post quoted here is already edited to include you, forgive me and p4r4m0un7's promise of 10% on top of that is included too in 5,650 000 karma fund that we have for translation, thanks again guys!

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
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June 18, 2014, 10:51:11 PM
 #2550

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.

Karmala the original post quoted here is already edited to include you, forgive me and p4r4m0un7's promise of 10% on top of that is included too in 5,650 000 karma fund that we have for translation, thanks again guys!

no prob, I only hope that I will finish the German translation (no bounty) in time Wink

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learminer
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June 18, 2014, 11:04:58 PM
 #2551

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.

This is me speaking for self.

No one is blaming anyone as we don't have proof on who did what. But there has been speculation among a few of us that there is the possibility of a shadow pool or pools who are modifying their front ends to show one thing yet combining hash power in the back or have a private pool made up of huge hash power rigs that is working hidden to the public. Again we don't have any tangible proof on who is or is not doing this, however I will challenge you to look up all the pools you can find and then add up their hashrate. You will find that their is currently close to 1.5-2gh of net hash that is unaccounted for. And i think you would be foolish to think there are that many people solo mining. While asking people to mine at a p2pool is not a fix all it does put us one step forward in an attempt to spread the hash rate instead of having it all focused in one place. Hell for all we know you could be unknowing hashing away at a pool that is feeding this type of attack without you even having a clue. In the end to each is their own, if you switch to a p2pool or not that is up to you. But at least it was put out there on what could be happening and its up to you if you wish to react or not. The health of Karma and its security is very important the Karma Team and rest assured they are looking into doing what they can to make sure Karma remains secure for years to come.  
As I said, I have full faith in the team and am not worried at all.

Nobody has named anyone, but as a regular here I couldn't help but notice some bad Karma in the air concerning certain pools lately. Then this rumored attack takes place and suddenly everyone writes and tweets "OMG switch to P2Pool now". Didn't really feel right to me. Disclaimer: I personally do not mine anymore . I've always liked P2Pools though, so I would switch if the high electricity cost and the sharp drop in profitability hadn't forced me to dismantle my rigs.

IMO it most likely is an unknown/hidden pool. Heard about the Synology NAS mining malware that mined the creator 500 Million Dogecoin? He/She/They set up a private pool for that purpose and went unnoticed for months. Not saying that's happening here. But if you were - uhm lets say an industrial scale miner and sat on a fat and juicy Scrypt-Farm with a few hundred MH/s or even GH/s - would you mine in a public pool and pay fees to some stranger, or would you just set up your own, non-public, pool?

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June 18, 2014, 11:06:12 PM
 #2552

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.

This is me speaking for self.

No one is blaming anyone as we don't have proof on who did what. But there has been speculation among a few of us that there is the possibility of a shadow pool or pools who are modifying their front ends to show one thing yet combining hash power in the back or have a private pool made up of huge hash power rigs that is working hidden to the public. Again we don't have any tangible proof on who is or is not doing this, however I will challenge you to look up all the pools you can find and then add up their hashrate. You will find that their is currently close to 1.5-2gh of net hash that is unaccounted for. And i think you would be foolish to think there are that many people solo mining. While asking people to mine at a p2pool is not a fix all it does put us one step forward in an attempt to spread the hash rate instead of having it all focused in one place. Hell for all we know you could be unknowing hashing away at a pool that is feeding this type of attack without you even having a clue. In the end to each is their own, if you switch to a p2pool or not that is up to you. But at least it was put out there on what could be happening and its up to you if you wish to react or not. The health of Karma and its security is very important the Karma Team and rest assured they are looking into doing what they can to make sure Karma remains secure for years to come.  

Please explain why you, a member of the community, are publicly posting all manner of speculation and conspiracy theory on this thread - the first port of call for people who want to see what Karma is about - when you have stated you have no proof whatsoever that what you are saying is true?

Would it be to much to ask that you substantiate your rumors and speculation with verifiable evidence?

You also speak of 'we' - other than yourself, who else are you referring to?

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June 18, 2014, 11:15:18 PM
 #2553

CatKiwi, I am not involved in the whole mining thing and have no clue about it. But I would like to invite you to be active in our forum, help us out and also comment on the things over there too as you are a very active member here on bitcointalk. your KarmaKaguy

I also want to ask all of you to keep the good mood. We are a huge success up to now! We should cheer.

Telgram messenger with attention economy http://r.getgems.org/m/TuJXXBal9o
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June 18, 2014, 11:23:49 PM
 #2554

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.

This is me speaking for self.

No one is blaming anyone as we don't have proof on who did what. But there has been speculation among a few of us that there is the possibility of a shadow pool or pools who are modifying their front ends to show one thing yet combining hash power in the back or have a private pool made up of huge hash power rigs that is working hidden to the public. Again we don't have any tangible proof on who is or is not doing this, however I will challenge you to look up all the pools you can find and then add up their hashrate. You will find that their is currently close to 1.5-2gh of net hash that is unaccounted for. And i think you would be foolish to think there are that many people solo mining. While asking people to mine at a p2pool is not a fix all it does put us one step forward in an attempt to spread the hash rate instead of having it all focused in one place. Hell for all we know you could be unknowing hashing away at a pool that is feeding this type of attack without you even having a clue. In the end to each is their own, if you switch to a p2pool or not that is up to you. But at least it was put out there on what could be happening and its up to you if you wish to react or not. The health of Karma and its security is very important the Karma Team and rest assured they are looking into doing what they can to make sure Karma remains secure for years to come.  
As I said, I have full faith in the team and am not worried at all.

Nobody has named anyone, but as a regular here I couldn't help but notice some bad Karma in the air concerning certain pools lately. Then this rumored attack takes place and suddenly everyone writes and tweets "OMG switch to P2Pool now". Didn't really feel right to me. Disclaimer: I personally do not mine anymore . I've always liked P2Pools though, so I would switch if the high electricity cost and the sharp drop in profitability hadn't forced me to dismantle my rigs.

IMO it most likely is an unknown/hidden pool. Heard about the Synology NAS mining malware that mined the creator 500 Million Dogecoin? He/She/They set up a private pool for that purpose and went unnoticed for months. Not saying that's happening here. But if you were - uhm lets say an industrial scale miner and sat on a fat and juicy Scrypt-Farm with a few hundred MH/s or even GH/s - would you mine in a public pool and pay fees to some stranger, or would you just set up your own, non-public, pool?

The best way to decipher negative posts or 'FUD' from members is to ask "Ok, who is set up to benefit from all of this?" - In every negative upchuck, every FUD, there is a subtle (or not so subtle) attempt to push someone is one direction or another that will ultimately benefit the person posting in ways seen and unseen. In this situation, the party who benefits from all this nonsense is P2pools - in particular, a certain pool certain members have been promoting and admitted to being in discussion with.

In both their posts they have attempted to get people to switch to their pool with the enticement of rewards and zero fees. It matters not what their intentions are - they are holding themselves out as promoting a pool through the use of negative speculation and baseless accusations.

They should never have mentioned their connection with this certain p2pool - you cannot give free and frank advice to a community when you are set to benefit from that advice should people decide to follow it.



karmala
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June 18, 2014, 11:29:11 PM
 #2555

ahhh common CatKiwi it is AGC. It is ok man his intensions are good. I also dont like the rethoric in this post but you dont make it better. Lets relax, I also had some stress with this story and wrote some wired posts. Luckily we went through it without a major harm. lets look back and enjoy what we masterd allready. I came to this when it was 30 lits. We must have done something right!

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June 18, 2014, 11:42:15 PM
 #2556

Keep up the discussion guys! It's healthy to talk things over.

BTW, to those who are not familiar with the recently approved facebook-wide-tipping-app from white puma, here is how it works: You search for "Multicoin Tipping App" from FB search bar then click and "CONNECT" to it at the bottom of the page that pops. Like any other apps it will now show at the left hand side of your FB home page.

If you click on it from there, it will take you to your tipping dashboard, from there you will see 27 tipping coins name with wallet addresses and the coins you got so far. Clicking a particular coin will show you other info relating exclusively about that coin, now you can click a tab labeled "info" and all the "authorized tipping groups" at the moment will be shown.

If you would care to join all of them, they welcome everyone.

Then later when our community have a news to share, a cheer to shout or a coin to spare, you will be ready to help in spreading good Karma.

Because when you tip somebody and they comment or liked it, all their friends will see that ,and so the karma related curiosity grows.

So we encourage you to ride the tipping wave. Even Bitcoins, Litecoins and Darkcoins are now available fo tipping.

See you there!

TIP ME ₭ARMA:  KJeEKJv1LXHM8cYeRgQG3q87BFA4W3sTGg  FOR KARMA TRANSLATION BUDGET SEND TO: KHvkhA7RTFnG8N5RWPB48gs2y8K1od6xF4
OFF. ₭ARMA FB PAGE: https://www.facebook.com/karmacoin.me. http://lill.com
altcoingood
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June 18, 2014, 11:56:14 PM
 #2557

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.

This is me speaking for self.

No one is blaming anyone as we don't have proof on who did what. But there has been speculation among a few of us that there is the possibility of a shadow pool or pools who are modifying their front ends to show one thing yet combining hash power in the back or have a private pool made up of huge hash power rigs that is working hidden to the public. Again we don't have any tangible proof on who is or is not doing this, however I will challenge you to look up all the pools you can find and then add up their hashrate. You will find that their is currently close to 1.5-2gh of net hash that is unaccounted for. And i think you would be foolish to think there are that many people solo mining. While asking people to mine at a p2pool is not a fix all it does put us one step forward in an attempt to spread the hash rate instead of having it all focused in one place. Hell for all we know you could be unknowing hashing away at a pool that is feeding this type of attack without you even having a clue. In the end to each is their own, if you switch to a p2pool or not that is up to you. But at least it was put out there on what could be happening and its up to you if you wish to react or not. The health of Karma and its security is very important the Karma Team and rest assured they are looking into doing what they can to make sure Karma remains secure for years to come.  
As I said, I have full faith in the team and am not worried at all.

Nobody has named anyone, but as a regular here I couldn't help but notice some bad Karma in the air concerning certain pools lately. Then this rumored attack takes place and suddenly everyone writes and tweets "OMG switch to P2Pool now". Didn't really feel right to me. Disclaimer: I personally do not mine anymore . I've always liked P2Pools though, so I would switch if the high electricity cost and the sharp drop in profitability hadn't forced me to dismantle my rigs.

IMO it most likely is an unknown/hidden pool. Heard about the Synology NAS mining malware that mined the creator 500 Million Dogecoin? He/She/They set up a private pool for that purpose and went unnoticed for months. Not saying that's happening here. But if you were - uhm lets say an industrial scale miner and sat on a fat and juicy Scrypt-Farm with a few hundred MH/s or even GH/s - would you mine in a public pool and pay fees to some stranger, or would you just set up your own, non-public, pool?

In both their posts they have attempted to get people to switch to their pool with the enticement of rewards and zero fees. It matters not what their intentions are - they are holding themselves out as promoting a pool through the use of negative speculation and baseless accusations.
This is simply not true. You are talking about me. I have asked multipool-eu's questions about why the operator would let 92% of the hash reside at them while still maintaining the idea they are "helping karma". they have not engaged in discussion about this at all, just full on ignore.

you can read my previous posts about pools. i have been a proponent of leaving multipool-eu on the list of pools and i have also requested people mine at ANY pool that had few miners. i am for full disclosure.

besides trying to thwart 51% on the karma blockchain for a while by adding a p2pool to the ecosystem i also stepped up and am running our blockexplorer when the prevoius one went down.

i also hosts a couple of wallets online so people can bootstrap onto the blockchain because the seed nodes have all been pulled be the previous devs.

i am not sure why you are attacking me. 51% attacks are very very serious, just look at all the cex fallout regarding bitcoin and their 12 hour streak.

i really really dislike your tone and insinuations.

i'll get back to you with the posts where i actively ask people to use any pool and the posts regarding questions about multipools motives but i have a life so not right now.

anyway... that is all for now, i'll get back to you with post links.
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June 19, 2014, 12:16:24 AM
 #2558

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.

This is me speaking for self.

No one is blaming anyone as we don't have proof on who did what. But there has been speculation among a few of us that there is the possibility of a shadow pool or pools who are modifying their front ends to show one thing yet combining hash power in the back or have a private pool made up of huge hash power rigs that is working hidden to the public. Again we don't have any tangible proof on who is or is not doing this, however I will challenge you to look up all the pools you can find and then add up their hashrate. You will find that their is currently close to 1.5-2gh of net hash that is unaccounted for. And i think you would be foolish to think there are that many people solo mining. While asking people to mine at a p2pool is not a fix all it does put us one step forward in an attempt to spread the hash rate instead of having it all focused in one place. Hell for all we know you could be unknowing hashing away at a pool that is feeding this type of attack without you even having a clue. In the end to each is their own, if you switch to a p2pool or not that is up to you. But at least it was put out there on what could be happening and its up to you if you wish to react or not. The health of Karma and its security is very important the Karma Team and rest assured they are looking into doing what they can to make sure Karma remains secure for years to come.  
As I said, I have full faith in the team and am not worried at all.

Nobody has named anyone, but as a regular here I couldn't help but notice some bad Karma in the air concerning certain pools lately. Then this rumored attack takes place and suddenly everyone writes and tweets "OMG switch to P2Pool now". Didn't really feel right to me. Disclaimer: I personally do not mine anymore . I've always liked P2Pools though, so I would switch if the high electricity cost and the sharp drop in profitability hadn't forced me to dismantle my rigs.

IMO it most likely is an unknown/hidden pool. Heard about the Synology NAS mining malware that mined the creator 500 Million Dogecoin? He/She/They set up a private pool for that purpose and went unnoticed for months. Not saying that's happening here. But if you were - uhm lets say an industrial scale miner and sat on a fat and juicy Scrypt-Farm with a few hundred MH/s or even GH/s - would you mine in a public pool and pay fees to some stranger, or would you just set up your own, non-public, pool?

In both their posts they have attempted to get people to switch to their pool with the enticement of rewards and zero fees. It matters not what their intentions are - they are holding themselves out as promoting a pool through the use of negative speculation and baseless accusations.
This is simply not true. You are talking about me. I have asked multipool-eu's questions about why the operator would let 92% of the hash reside at them while still maintaining the idea they are "helping karma". they have not engaged in discussion about this at all, just full on ignore.

you can read my previous posts about pools. i have been a proponent of leaving multipool-eu on the list of pools and i have also requested people mine at ANY pool that had few miners. i am for full disclosure.

besides trying to thwart 51% on the karma blockchain for a while by adding a p2pool to the ecosystem i also stepped up and am running our blockexplorer when the prevoius one went down.

i also hosts a couple of wallets online so people can bootstrap onto the blockchain because the seed nodes have all been pulled be the previous devs.

i am not sure why you are attacking me. 51% attacks are very very serious, just look at all the cex fallout regarding bitcoin and their 12 hour streak.

i really really dislike your tone and insinuations.

i'll get back to you with the posts where i actively ask people to use any pool and the posts regarding questions about multipools motives but i have a life so not right now.

anyway... that is all for now, i'll get back to you with post links.

Firstly,  I limit my criticism to those posts in question - whoever they were made by.

Secondly, The theoretical potential for an attack is not justification for posting that one may or may not have happened and enticing people to use a certain pool - as was the case yesterday.

If it can be shown that there was verifiable evidence to justify the posts made then that would be a start. However, as I said earlier, this thread is usually the first port of call for many people who just want to get an idea of what a coin stands for and its future as perceived by the community. Knowing this, it is simply a bad idea to make posts in the nature of those that were made yesterday.

Concerns that have the potential to cause panic among the unwary should be brought to the attention of the developer privately, where the dev team can discuss them and come up with a solution if one is so required. There are ways of dealing with concerns - and I stand by what I have said; the way in which the concerns were publicly aired yesterday was not appropriate.

Speculation and rumor become problematic when people are encouraged to act on it.
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June 19, 2014, 12:43:56 AM
 #2559

ok nice, now everybody looks at himself and investigates his karma. Then we could ask ourself: how can I improve my karma? AH, I could help the Karmateam to get the iPocos running full scale! And... Nirvana is in reach.

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June 19, 2014, 01:50:42 AM
 #2560

hah. alright everyone chill out.

there was no FUD. Mintpal was under double spend attack. if anything them raising the confirmation to 200 should be enough to see this was no FUD. What is not known yet is whether this was an organized attack or a non human error attack.

As we can see. our dedicated overall pools have about 600 mh/s between them all and our total network is at 2700-3100 Mh/s . This tells us that there are tons more hash pointed at our coin. we do not know whether they are coming from individual solo mining, one multi pool. couple multipools or any other combination. What we do now know is that at least one of them for a few minutes had more then enough to cause a fork of its own.

this is what Agcrypto stated in his message. He had okay from all of us. Yup, we assigned him to deliver this news once we had enough to share with you. We agreed that even though this attack looked to be an accidental it was still an attack that did occur and we thought the community should know about it right away. not sure why you think otherwise but our trading volumes have been healthy all day today. this news did not couase any panic. only drama in this forum.

As we have stated many times we are not trying to be overloads and hide stuff to minimize and control the truth. The attacked happened and we had no choice but to immediately let everyone know. It had nothing to do with personal point of views.

@CatKiwi  :
AGcrypto , me and altcoingood are part of the karma team. You can look up our history and see that everything we do, say or think its for the best of the coin.

So lets talk about the p2p pool that you are accusing me and altcoingood pushing for it. Your making us come as villains. taking advantage of a FUD to what... build a pool monopoly?  out of what?? pool mining fees?

We should be thankful to any pool that is running a pool for us. Let's do some math to satisfy your accusation towards our agenda to own the network with our supreme pool!

if by a miracle the p2p mines all the block for a whole day this would gain the p2p pool a whopping 792,000 karma coins a day! again out of 1440 block x 110,000 coins and then a 0.005 pool fee = 792,000 kama.

Wow. good thing you caught us there mang. you really saved all the miners who would mine 158 mill coin that day 792,000 less!

Hope this give you an idea how much pools make a day in fees. and this is an example if the p2p pool mines all the coin. which will never be realistic. So once we are done pushing this much the p2p pool would have to make 1/3 of that. thats 264000 karma a day! and this is not even taking into account the huge block reward halving in few days

I personally am not involved with altcoingood pool. i never received any payments from him as a reward for helping him.

Why i am helping promoting his pool is because he is 24/7 active with out coin. He has done most then all of us in helping sustain many critical obstacles we have had with karma. He has set up for us our first reddit tipbot. he has set up our block explorer. he has set up two static nodes that even at this day are crucial to help new people link up to our network. he had set up p2p pool months back when we realized that karma.multi-pool.eu has more then %80 of our mining hash. He has set up MPOS pool as well.

Not only has he done all this. but he has kept them up and running all this time. We have never rewarded him with our coins. everything he has done has been genuine. And he has paid it out of his own pocket. Because he is a code geek and he has a good hart. He sees we need his services.

Why do i mention all this? because i would like all of you , who come and go in our coin community , to be up to date and realized why i am rooting for his p2p pool

An other very important topic is that if we would need altcoingood to boot off miners from his pool he would do it and not cry foul as we have seen from our top pool.

dear Catwiki hope this was enough info to clear some confusion. we are creating an necessary dramas with our post. Msg me and we can take this private. or come to #karmacoin and let us assure you there is no hiden agenda. I want karma to go fully P2p Pool so in future we do not have any other attacks!

Ps : its good to have you back. if i recall form last time , you mention you sold your coins to 70 litoshi because you thought our coin was not worth it and it should come back down to 40s. after you saw that our coin was not coming back to even 100s litoshis you realized your not getting the coins back. then you dissapeared for a while. didn hear from you in this chat. not interested in us once you sold your coin huh? then you bought back at 120 litoshi and again started to get active when you saw our coin reach 250.  Roll Eyes Roll Eyes Roll Eyes
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