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Author Topic: Confession's of a Bitcoin Botnet coder...  (Read 19909 times)
Malophor
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October 02, 2012, 01:17:56 PM
 #61

This isn't unexpected. Hey look, computers can print money (kind of) if only there were a way to take over LOTS of computers. Hummm. Oh yeah, a botnet. Geniuses that put that one together. It would be nice to see some diligence from the pools to find and arrest people that are breaking the law.

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organofcorti
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October 02, 2012, 01:45:41 PM
 #62

This isn't unexpected. Hey look, computers can print money (kind of) if only there were a way to take over LOTS of computers. Hummm. Oh yeah, a botnet. Geniuses that put that one together. It would be nice to see some diligence from the pools to find and arrest people that are breaking the law.

You're new to the internet, aincha?

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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paraipan
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October 02, 2012, 02:22:42 PM
 #63

This isn't unexpected. Hey look, computers can print money (kind of) if only there were a way to take over LOTS of computers. Hummm. Oh yeah, a botnet. Geniuses that put that one together. It would be nice to see some diligence from the pools to find and arrest people that are breaking the law.

You're new to the internet, aincha?


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Malophor
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October 02, 2012, 02:42:50 PM
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You must have missed the sarcasm and virtual eye roll.

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October 02, 2012, 02:43:52 PM
 #65

You must have missed the sarcasm and virtual eye roll.

Good one, next time use a smiley  Smiley

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October 02, 2012, 03:36:53 PM
 #66

Interesting read, thanks for the post!
organofcorti
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October 02, 2012, 04:05:28 PM
 #67

You must have missed the sarcasm and virtual eye roll.

Very subtle sarcasm? In a forum? New to the internet, aincha?

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darkice
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October 02, 2012, 07:23:13 PM
 #68

asics will destroy his operation Smiley , botnets wont be profitable any more Smiley
Malophor
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October 02, 2012, 07:44:44 PM
 #69

asics will destroy his operation Smiley , botnets wont be profitable any more Smiley

I don't know about that. He had a relatively small botnet. Unfortunately, botnets are a thing that tends to scale well -- up to a point. Further, there is no margin cost for adding another bot to the network. Another user becoming infected and mining would all be automated. ASICS merely provide incentive for botnets to get bigger. Plus, the existing botnets at smaller sizes are going to become LESS profitable, but still profitable. Hashing power is still hashing power. So, there is still incentive to spend $5 for a 500 node botnet. Crime pays after all -- until you get caught.

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October 02, 2012, 10:47:11 PM
 #70

I'm tell you guys, this stuff is going to be the end of bitcoin.

that is why people keep saying that ASIC's are a good thing for bitcoin in the end.. if each ASIC is worth the 10,000 CPU's then it'll be a lot easier to keep botnet network % down.

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October 03, 2012, 09:06:25 AM
 #71

I'm tell you guys, this stuff is going to be the end of bitcoin.

that is why people keep saying that ASIC's are a good thing for bitcoin in the end.. if each ASIC is worth the 10,000 CPU's then it'll be a lot easier to keep botnet network % down.

I'd rather have botnets than ASICs validating my TXs.  Botnets are more in line with Satoshi's vision. 

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