My personal opinion with no substantiated evidence is that there is still a gaping hole in KGW... and if there is a KGW exploit still open and it was coordinated with a wallet port DDOS... well... it may look something like the current POT blockchain.
This is what I'm thinking too. If diff can be changed with every block then it becomes much more easy to own the network because the blocks found are valid.
Someone explain to me why these blocks shouldn't be invalid when they were found every 3 seconds with diff of 0?
fixed see bolded
No I had it right. I was more asking what safeguards are in place to prevent it. With the old school diff calculations (pre kgw) everyone could see that if the diff was that low before block X, then obviously they were invalid and should be dropped. Now someone with a bunch of hash (would they need all 51%?) Comes in and says...Look guys everyone stopped mining for about 3 hours but me... trust me because I say so and if you don't believe me I'll just try again in 1 second.
I'll admit I don't know everything about how kgw works so I'm hoping someone can educate me
kgw calculates difficulty supposably on fly. Put 1gh on coin=difficulty changes, pre-kgw it would take a while then kgw would kick in or whatever later = miners stuck mining tough blocks and original big miners leave, coming back when diff gets lower & repeat. I'm not saying its perfect but it works pretty well. If anyone knows difference with digishield vs kgw or ive seen some coins say tehy have both, would like to know differences/togetherness if would be more effective.
I understand how it works from a 10,000ft view. I'm hoping someone can give me the pseudo code on it?
My personal opinion with no substantiated evidence is that there is still a gaping hole in KGW... and if there is a KGW exploit still open and it was coordinated with a wallet port DDOS... well... it may look something like the current POT blockchain.
This is what I'm thinking too. If diff can be changed with every block then it becomes much more easy to own the network because the blocks found are valid.
Someone explain to me why these blocks shouldn't be invalid when they were found every 3 seconds with diff of 0?
fixed see bolded
No I had it right. I was more asking what safeguards are in place to prevent it. With the old school diff calculations (pre kgw) everyone could see that if the diff was that low before block X, then obviously they were invalid and should be dropped. Now someone with a bunch of hash (would they need all 51%?) Comes in and says...Look guys everyone stopped mining for about 3 hours but me... trust me because I say so and if you don't believe me I'll just try again in 1 second.
I'll admit I don't know everything about how kgw works so I'm hoping someone can educate me
My personal opinion with no substantiated evidence is that there is still a gaping hole in KGW... and if there is a KGW exploit still open and it was coordinated with a wallet port DDOS... well... it may look something like the current POT blockchain.
This is what I'm thinking too. If diff can be changed with every block then it becomes much more easy to own the network because the blocks found are valid.
Someone explain to me why these blocks should be invalid when they were found every 3 seconds with diff of 0?
Mooncoin? Kittencoin? Why did you chose those? Cool site, but your prices are a little "off" at the moment.
I used those because they popped in to my head. Feel free to list your favorite coin and I'll add to the poll.
Care to elaborate on the "off"?
By off I meant overpriced. Gridseed was very high in price, $100 giftcard was more than 102.70 or something when I checked yesterday (now it is a dollar cheaper so i'd buy if i needed a giftcard.) The advantage of fixed ltc price for a buyer should be to buy at same or lower cost, not more.
That said, I still like your site and would purchase from there.
Coins you originally had mooncoin (even I know it is a premine scam coin), kittencoin (what about that coin looks promising?), I'd pick some popular scrypt (your sight is ltc asics) coin that you think looks promising, not what some person is going to tell you on here to try and promote their crappy coin. Or you can put on a crap coin and get stuck with a million of them when someone dumps them all to buy something expensive.
Thank you for the constructive criticism.
My thought was hopefully an active coin community that would vote for their coin, would also have a decent market cap and exchange volume. So far with Quark that seems to be somewhat the case.
Quarkers are currently trying to buy miners for when multipools payout in quark. Obviously I and others would prefer to pay in quark.
Mooncoin? Kittencoin? Why did you chose those? Cool site, but your prices are a little "off" at the moment.
I used those because they popped in to my head. Feel free to list your favorite coin and I'll add to the poll.
Care to elaborate on the "off"?
By off I meant overpriced. Gridseed was very high in price, $100 giftcard was more than 102.70 or something when I checked yesterday (now it is a dollar cheaper so i'd buy if i needed a giftcard.) The advantage of fixed ltc price for a buyer should be to buy at same or lower cost, not more.
That said, I still like your site and would purchase from there.
Coins you originally had mooncoin (even I know it is a premine scam coin), kittencoin (what about that coin looks promising?), I'd pick some popular scrypt (your sight is ltc asics) coin that you think looks promising, not what some person is going to tell you on here to try and promote their crappy coin. Or you can put on a crap coin and get stuck with a million of them when someone dumps them all to buy something expensive.
Thank you for the constructive criticism.
My thought was hopefully an active coin community that would vote for their coin, would also have a decent market cap and exchange volume. So far with Quark that seems to be somewhat the case.
Well there are already a ton of sites that accept BTC. I don't think the demand would be that high. Maybe I'll be proven wrong.
Post
Topic
BoardAltcoin Discussion
Topic OP
LTCAsics.com Looking to Add 1 Additional Alt
by
kcminer
on 12/04/2014, 22:03:23 UTC
Currently we accept DOGE and LTC. We're debating on which coin to add next based on popularity. Reply with your favorite alt coin and I will add to the poll.
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014
My pool http://mooncoinpool.com/ i sent two day ago ~800000 moon. but moon did not come to deposit of cryptsy. Help me please. What do i do?
Do you have a transaction-ID? What are the wallet-addresses of both (pool and receiver). With that information we could check the current (official!) blockchain against that ( http://mooncoin.info/abe/chain/Mooncoin ). Did you contact the pool-owners about that? If so, what did they respond?
Sent from http://mooncoinpool.com on Deposite of cryptsy 2DT8DReZPgLHkbW98zbnwugStij8x3oqQe and 2XTUEZ9Q1sr7ryATwNaT92HhVS2N321Dzm
Screenshot doesn't help regarding TXIDs. Copy&Paste is the key. Have you entered the data (wallet addresses, TXIDs) into the search of the official Moonchain-explorer?
For me it seems, that the other two withdrawals took place, before the pool-owners updated their wallets, hence those Mooncoins are lost into the old blockchain. You will have to wait, what they tell you. Maybe they can replace the lost Mooncoins, if it is as it seems.
Anyone with trouble on mooncoinpool can PM me or join us on IRC #mooncoinpool or #miningempire . I'll get ya hooked up with your MOON.
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014
Hey everyone, just figured I'd let you know: Appears that Mooncoinpool.com is on the wrong fork.
Informed them via their IRC (nobody was around), but it seems as if they haven't updated their wallet. Lost ~184k mooncoins. AltExplorer is also on the wrong fork. (Different from Wallet 1.862.1 / current).
My lost transaction, in block 69188 ... The transaction to 2bEGhenFNFs6swUTFDV9iYAYsuKxBrdgsL: Amt: 183658.blah
... So, everyone beware, I guess. Seems they didn't get the memo about the fork/update, so... I learned the hard way so you don't have to.
Sorry we didn't update. It got updated very soon after the fork. Anyone with problems can PM me or join us on IRC (#miningempire or #mooncoinpool). I will send you any missing coins.
Post
Topic
BoardService Announcements
Re: MinerEU -Gridseed EU Distributor, In UK Stock, EU duty/VAT free, Reseller wanted
SPAMMER! Today I received an offer from this company via email. The address used was one that I created for registration with maxcoinpool.com. To me it looks like the company bought adresses from the mining pool owner.
A company that has to use illegally bought addresses to promote their product is a spammer, not a proper company I would like to buy from.
Same on my side! I've got an mail to an address which i only use from some pools... eijeijei...
The guy behind minereu helps run those pools. Just ask him to stop if you don't want the emails.
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN] Litecoin [LTC] X11 hardfork at block 564,480
I feel like this is just butthurt GPU miners being butthurt that Scrypt is slowly evolving to ASIC. I don't see the problem with it really to be honest:
- ASICs will provide a higher hashrate, thus it will improve on the security of the Litecoin system - ASICs are cheaper then GPU's, not only in gear but also in terms of power and heat. - LiteCoin will grow more professional by having a bigger hashrate, since it will be way less suspectable to 51% attacks. More trust from vendors etc. - Scrypt ASICs have MANY other options to mine than just Litecoin, it is not like Bitcoin which is most of the times the most profitable to mine for SHA ASICs.
If you are really serious about your mining then start investing in the future and get an ASIC scrypt miner. It'll save you a bunch on your powerbills and thus (at the moment) make you more money. Throwing it on X11 would push the whole network to a way lower hashrate I expect, unless it's suddenly WAY more profitable to do. Also I don't expect the market to be particulary happy with this.
This is 100% true. This will fail miserably. The old blockchain will have more users and more hash. I haven't really heard a good reason for switching algos besides GPU miners wanting to get the best ROI. I'm all for decentralization and the dev in this thread is correct in that if he gathers enough support then his fork can become the official "LTC" blockchain. The idea that the original devs have 100% control of the blockchain moving forward defeats the purpose of having it decentralized in the first place. ASICs are like $200... go buy one if you want to keep mining! Group buy a big one. Plenty of options other than trying to fork the chain that will just cause confusion.
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.6 HARDFORK MANDATORY UPDATE
by
kcminer
on 26/03/2014, 19:13:07 UTC
ltcasics.com now accepts DOGE. Just sayin
Post
Topic
BoardService Announcements
Re: MinerEU -Gridseed EU Distributor, In UK Stock, EU duty/VAT free, Reseller wanted
by
kcminer
on 17/03/2014, 18:19:46 UTC
Alex is the man. He's supplied me with a bunch of Grids at a very fair price. Just a +1 for his rep.
Post
Topic
BoardComputer hardware
Topic OP
US Based Gridseed Seller (IN STOCK!) - LTCAsics.com (LTC only)
by
kcminer
on 13/03/2014, 05:09:05 UTC
I have a limited number of Gridseed miners in stock. They come with the barrel plug only.
Depending on time of day, I can ship same day. I'm getting another shipment in later this week/early next as well as regular shipments.
I'm also opening up to Canada but you'll still have to email me on the site for a quote on shipping (for now).