CCminer(SP-MOD) Modded GPU kernels.

[Amph]

Etherum from 19 euro down to 10euro in a few minutes. What's happening?


https://cryptowat.ch/kraken/etheur

Seems to be a security flaw in the DAO code/attack on the network.

https://www.reddit.com/r/ethereum/comments/4oi2ta/i_think_thedao_is_getting_drained_right_now/

The DAO is currently sustaining a sophisticated attack.
The entire Ethereum community, including the Ethereum Foundation and experts from various companies in the field are working together to analyse and attempt to stop the attacker.

https://blog.slock.it/dao-security-advisory-live-updates-2a0a42a2d07b#.g9245nq0r


The dao is down: $ 0.072066 (-59.78 %)

those are the things that i was talking about, you don't mine for one algo EVER, you will never know what will happen, that's why my future purchase are not based on ethereum only

[sp_]

Somebody has stolen 250musd worth of ether by draining the dao coin.

https://live.ether.camp/account/304a554a310c7e546dfe434669c62820b7d83490

In 35 hours doa will be worth 0 and this adress is loaded with ether.

DAO should be renamed to DOA( dead on arrival)

[bensam1231]

Etherum from 19 euro down to 10euro in a few minutes. What's happening?


https://cryptowat.ch/kraken/etheur

Seems to be a security flaw in the DAO code/attack on the network.

https://www.reddit.com/r/ethereum/comments/4oi2ta/i_think_thedao_is_getting_drained_right_now/

The DAO is currently sustaining a sophisticated attack.
The entire Ethereum community, including the Ethereum Foundation and experts from various companies in the field are working together to analyse and attempt to stop the attacker.

https://blog.slock.it/dao-security-advisory-live-updates-2a0a42a2d07b#.g9245nq0r


The dao is down: $ 0.072066 (-59.78 %)

those are the things that i was talking about, you don't mine for one algo EVER, you will never know what will happen, that's why my future purchase are not based on ethereum only

No one ever was talking about mining one algo. Matter of a fact, I covered this same topic in depth about 3-4 months ago in this very same thread.

However, what I did mention is right now the 1xxx series is only good at mining one algo... which is Lyra.

You can't do a 'I told you so' when you never told anyone contrary to what they were talking about. Jesus dude.

Somebody has stolen 250musd worth of ether by draining the dao coin.

https://live.ether.camp/account/304a554a310c7e546dfe434669c62820b7d83490

In 35 hours doa will be worth 0 and this adress is loaded with ether.

DAO should be renamed to DOA( dead on arrival)

Yup, saw this... It looks like Eth is rebounding right now, but this definitely hurts market confidence. There is no way to figure out how much this will hurt Eth in the long run.

About the best they can do is quarantine (if they can) DAO from the network and chop it off so the Eth can't be spent.

[Amph]

Etherum from 19 euro down to 10euro in a few minutes. What's happening?


https://cryptowat.ch/kraken/etheur

Seems to be a security flaw in the DAO code/attack on the network.

https://www.reddit.com/r/ethereum/comments/4oi2ta/i_think_thedao_is_getting_drained_right_now/

The DAO is currently sustaining a sophisticated attack.
The entire Ethereum community, including the Ethereum Foundation and experts from various companies in the field are working together to analyse and attempt to stop the attacker.

https://blog.slock.it/dao-security-advisory-live-updates-2a0a42a2d07b#.g9245nq0r


The dao is down: $ 0.072066 (-59.78 %)

those are the things that i was talking about, you don't mine for one algo EVER, you will never know what will happen, that's why my future purchase are not based on ethereum only

No one ever was talking about mining one algo. Matter of a fact, I covered this same topic in depth about 3-4 months ago in this very same thread.

However, what I did mention is right now the 1xxx series is only good at mining one algo... which is Lyra.

You can't do a 'I told you so' when you never told anyone contrary to what they were talking about. Jesus dude.

not lyra only, they are good at spreadcoin which is somehow profitable and good at neoscrypt also, with 0.9m for a single 1070(on widnows 8 only apparently)

still far better than being only good at ethereum...

[sp_]

The money isn't missing, it's just gone to an unknown party (the hacker) - so we're practically watching a bank heist in progress, where the "good guys" are trying to slow down the robber's getaway vehicle (by flooding the transaction network).

[sp_]

An official statement was issued by Ethereum: https://blog.ethereum.org/2016/06/17/critical-update-re-dao-...
Since it is under load, here is a copy:
An attack has been found and exploited in the DAO, and the attacker is currently in the process of draining the ether contained in the DAO into a child DAO. The attack is a recursive calling vulnerability, where an attacker called the “split” function, and then calls the split function recursively inside of the split, thereby collecting ether many times over in a single transaction.
The leaked ether is in a child DAO at https://etherchain.org/account/0x304a554a310c7e546dfe434669c... even if no action is taken, the attacker will not be able to withdraw any ether at least for another ~27 days (the creation window for the child DAO). This is an issue that affects the DAO specifically; Ethereum itself is perfectly safe.
The development community is proposing a soft fork, (with NO ROLLBACK; no transactions or blocks will be “reversed”) which will make any transactions that make any calls/callcodes/delegatecalls that execute code with code hash 0x7278d050619a624f84f51987149ddb439cdaadfba5966f7cfaea7ad44340a4ba (ie. the DAO and children) lead to the transaction (not just the call, the transaction) being invalid, starting from block 1760000 (precise block number subject to change up until the point the code is released), preventing the ether from being withdrawn by the attacker past the 27-day window. This will later be followed up by a hard fork which will give token holders the ability to recover their ether.
Miners and mining pools should resume allowing transactions as normal, wait for the soft fork code and stand ready to download and run it if they agree with this path forward for the Ethereum ecosystem. DAO token holders and ethereum users should sit tight and remain calm. Exchanges should feel safe in resuming trading ETH.
Contract authors should take care to (1) be very careful about recursive call bugs, and listen to advice from the Ethereum contract programming community that will likely be forthcoming in the next week on mitigating such bugs, and (2) avoid creating contracts that contain more than ~$10m worth of value, with the exception of sub-token contracts and other systems whose value is itself defined by social consensus outside of the Ethereum platform, and which can be easily “hard forked” via community consensus if a bug emerges (eg. MKR), at least until the community gains more experience with bug mitigation and/or better tools are developed.
Developers, cryptographers and computer scientists should note that any high-level tools (including IDEs, formal verification, debuggers, symbolic execution) that make it easy to write safe smart contracts on Ethereum are prime candidates for DevGrants, Blockchain Labs grants and String’s autonomous finance grants.
— Vitalik Buterin

[restless]

well...
some people bought ether cheaply...

[pokeytex]

I have been searching around - what is the best thing to mine right now on EVGA Gtx 970's?  Also @sp what is the neoscrypt doing on mod #80 and your private mod?

[tbearhere]

The point is that Etherum is worth $ 1,590,652,810, and million of dollars are given out the miners every day. (estimated $500 000 000 worth of GPU's mining)
Monacoin (lyra2v2 ) is worth $ 2,122,648
Vertcoin (lyra2v2) is worth $ 873,020

and

LyraBar
Verge
Unitus
MobileCash
Zoom

are worth pennies. So even if the 1080 is the fastest card to mine lyra2v2( shitcoins) , it is slow in etherum (This is where the money is right now).

What is the profit on ETHER for the 980ti  and 970  sp?   thx

[thevictimofuktyranny]

well...
some people bought ether cheaply...

A fix has already been announced

The hacker was downloading the Ether to New Mini DOA account, with a new DOA account Ether cannot be withdrawn for 27 days.

They are going to do a soft fork to freeze this account, so Ether cannot be withdrawn.

Then, they are going to do a hard fork to reverse the transaction.

Consequently, nobody has lost any Ether; the security and developers and coders are able to undo the hack.

I guess, everyone can go back to mining and investing in Alts.

 

[sp_]

The point is that Etherum is worth $ 1,590,652,810, and million of dollars are given out the miners every day. (estimated $500 000 000 worth of GPU's mining)
Monacoin (lyra2v2 ) is worth $ 2,122,648
Vertcoin (lyra2v2) is worth $ 873,020

and

LyraBar
Verge
Unitus
MobileCash
Zoom

are worth pennies. So even if the 1080 is the fastest card to mine lyra2v2( shitcoins) , it is slow in etherum (This is where the money is right now).

What is the profit on ETHER for the 980ti  and 970  sp?   thx

use a calculator:

http://cryptoyeti.com/ethereum-mining-calculator/

the 980ti can do 24MHASH (3.23$ a day (etherum $14.5)
the 970 can do 22MHASH (3$ a day)

if the price goes up to $21 again like it was 10 hours ago you get $4,67 a day. per 980ti

[sp_]

Consequently, nobody has lost any Ether; the security and developers and coders are able to undo the hack.

but will the DAO owners loose their DAO?

[thevictimofuktyranny]

Consequently, nobody has lost any Ether; the security and developers and coders are able to undo the hack.

but will the DAO owners loose their DAO?

Apparently, all of this has to be voted for in the DAO. So, until it is voted into effect it is still at the proposal stage.

Some people are arguing against the hard fork, to reverse the transaction, but the soft fork to freeze the hacker's account appears to be "shoe in". 

There has been no announcement of the DAO finishing, which pretty much means it is going to continue.

[sp_]

The issues will be fixed and etherum will be back to $20+ and then $100+. Microsoft and Central banks are investing in the blockchain now.. Bugs in the early stages is normal. Happened to Bitcoin as well.

[tbearhere]

The point is that Etherum is worth $ 1,590,652,810, and million of dollars are given out the miners every day. (estimated $500 000 000 worth of GPU's mining)
Monacoin (lyra2v2 ) is worth $ 2,122,648
Vertcoin (lyra2v2) is worth $ 873,020

and

LyraBar
Verge
Unitus
MobileCash
Zoom

are worth pennies. So even if the 1080 is the fastest card to mine lyra2v2( shitcoins) , it is slow in etherum (This is where the money is right now).

What is the profit on ETHER for the 980ti  and 970  sp?   thx

use a calculator:

http://cryptoyeti.com/ethereum-mining-calculator/

the 980ti can do 24MHASH (3.23$ a day (etherum $14.5)
the 970 can do 22MHASH (3$ a day)

if the price goes up to $21 again like it was 10 hours ago you get $4,67 a day. per 980ti

Thx sp  I meant to ask for   http://cryptoyeti.com/ethereum-mining-calculator/    but you did the math.   Thx

[bensam1231]

Consequently, nobody has lost any Ether; the security and developers and coders are able to undo the hack.

but will the DAO owners loose their DAO?

The article you quoted says they aren't going. The new account is going to be frozen in a soft fork, hard fork later to restore the lost funds.

All in all things could've been much worse.

And yeah, some people got some Eth hella cheap.

[thevictimofuktyranny]

Consequently, nobody has lost any Ether; the security and developers and coders are able to undo the hack.

but will the DAO owners loose their DAO?

The article you quoted says they aren't going. The new account is going to be frozen in a soft fork, hard fork later to restore the lost funds.

All in all things could've been much worse.

And yeah, some people got some Eth hella cheap.

Yelp, some people made a tidy profit buying up Ethereum on the cheap.

The DAO is a smart contract on Ethereum, which is why the transactions are added to Ethereum Block Chain after 27 days.

So, it is Ethereum who is saving its' little brother (DAO), who screwed up
 
Hard Forks have already occurred on Ethereum (Frontier to Homestead).

[antantti]

Yelp, some people made a tidy profit buying up Ethereum on the cheap.

The DAO is a smart contract on Ethereum, which is why the transactions are added to Ethereum Block Chain after 27 days.

So, it is Ethereum who is saving its' little brother (DAO), who screwed up
 
Hard Forks have already occurred on Ethereum (Frontier to Homestead).

Biggest profits were made shorting dao & eth & btc. I wonder if that was the original plan actually. Do whatever fork you want, already got my fiat.

[AzzAz]

The point is that Etherum is worth $ 1,590,652,810, and million of dollars are given out the miners every day. (estimated $500 000 000 worth of GPU's mining)
Monacoin (lyra2v2 ) is worth $ 2,122,648
Vertcoin (lyra2v2) is worth $ 873,020

and

LyraBar
Verge
Unitus
MobileCash
Zoom

are worth pennies. So even if the 1080 is the fastest card to mine lyra2v2( shitcoins) , it is slow in etherum (This is where the money is right now).

What is the profit on ETHER for the 980ti  and 970  sp?   thx

use a calculator:

http://cryptoyeti.com/ethereum-mining-calculator/

the 980ti can do 24MHASH (3.23$ a day (etherum $14.5)
the 970 can do 22MHASH (3$ a day)

if the price goes up to $21 again like it was 10 hours ago you get $4,67 a day. per 980ti

Thx sp  I meant to ask for   http://cryptoyeti.com/ethereum-mining-calculator/    but you did the math.   Thx

you have this one, too:  http://badmofo.github.io/ethereum-mining-calculator/

[Amph]

the problem now is the immense hashrate of etheruem will reverse on the other coins, since etheruem is tanking

so prepare for a big loss in the overall profit