Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ☯ UniversityCoin UVC ☯ [PoW+PoS] Only 20m | Long-term Growth Strategy
by
jollyriffic
on 01/05/2014, 02:05:20 UTC
Hi, I'm an admin from coins4everyone.com.
From what binaryclock at dedicatedpool observed, somebody started mining 2 mn before yesterday's launch, and got something like 30 blocks in those 2mn.

I have not seen any finger pointing about the culprit, but I will...
be pointing to me... that might be my fault. I've checked my log, and it appears that I launched the pool's stratum at :58 instead of :00 (talking about minutes).
So, I might be culprit on that part.

In order to get your paranoia down, I wasn't trying to steal, or to cheat. Our pool is running for quite some time, and we are establishing our reputation with honnesty and dedicated service to our miners and coin dev.
If I was trying to cheat, I would have got 1 block in advance. That's really not worth the reputation. After realizing my error, I was ready to make it up to the dev, by, for example, giving back twice the amount "stealed" to the community.

The reason why the stratum was launched too early is pretty stupid. I usually take my time when compiling a wallet for a launch (to check some stuff, like a hidden obvious trojan, and to be sure that I made no mistake), and I end up starting the wallet 10 mn after the launch. Well.. it appeared that, I was way faster yesterday. When I launched the stratum, I assumed it was around :05 or :10, instead of :58.

As binaryclock also stated, the coin could have survived a 30 block steal (which should have been 1 or 2 blocks) even if it was not fair (and it wasn't), what it didn't survive was the error in the diff adjustement that provoked the instamine of 5% of the whole amount of UVC.

I came clean about that to the dev, just after I had time to analyze my log file this morning, and apologize for the error, but got no answer so far.

I know that people get stressed out during a launch. They get very sensitive. rage, and get their suspicion up very easily.
If you look at it with a little perspective, this wasn't a scam coin, and nobody tried (or at least succeeded) to steal anything.
It was just mistake committed from the dev and a pool admin.

You can rest assured that on my part, that won't happen again.

Cheer's and long live to UVC!





i had to, Tongue