And they say CPU mining isn't profitable. :)
500 Million Dogecoins Mined by Unknown Hacker in Malware Attack
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Re: 500 Million Dogecoins Mined by Unknown Hacker in Malware Attack
#32And they say CPU mining isn't profitable. :)
That's less true for scrypt based pow chains, although that is rapidly changing with scrypt ASICs now hitting the market.
Re: 500 Million Dogecoins Mined by Unknown Hacker in Malware Attack
#33He could have gotten a Ferrari yesterday on reddit for less than half that.
http://www.reddit.com/r/dogemarket/comments/28c942/sg_2003_f...
Re: 500 Million Dogecoins Mined by Unknown Hacker in Malware Attack
#34Any cryptocurrency of value seems to have to fall back to undesirable bureaucratic policies or be devalued by having its own ideology turned back upon itself. The human cycles spent in monitoring and securing value will put a major drag on the ability of the currency to stabilize its value. Stable value gives currency utility. Utility gives a currency adoption. Adoption gives a currency value.
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Re: 500 Million Dogecoins Mined by Unknown Hacker in Malware Attack
#35Any cryptocurrency of value seems to have to fall back to undesirable bureaucratic policies or be devalued by having its own ideology turned back upon itself. The human cycles spent in monitoring and securing value will put a major drag on the ability of the currency to stabilize its value. Stable value gives currency utility. Utility gives a currency adoption. Adoption gives a currency value.
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Re: 500 Million Dogecoins Mined by Unknown Hacker in Malware Attack
#36That's around 180k USD at the current exchange rate.
he/she already sold all coins mined and caused market dip
Re: 500 Million Dogecoins Mined by Unknown Hacker in Malware Attack
#37Earlier quoted context omitted.
If 51% of the mining capacity of the bitcoin network decides that your coins are invalid they cease to exist until the ban is lifted.
Correct me if I'm wrong, but it's a bit heavier than that if technically identical: the coins cease to exist until 51% of miners come together again to declare that they should exist again. At which time they also might agree to pay themselves any amount of Dogecoin or flood the market. I bring this up purely because "ban is lifted" sounds like a much more achievable thing than I believed was possible. While 51% of p…
You cannot give yourself any x-coin with a 51% attack.
Re: 500 Million Dogecoins Mined by Unknown Hacker in Malware Attack
#38Earlier quoted context omitted.
Correct me if I'm wrong, but it's a bit heavier than that if technically identical: the coins cease to exist until 51% of miners come together again to declare that they should exist again. At which time they also might agree to pay themselves any amount of Dogecoin or flood the market. I bring this up purely because "ban is lifted" sounds like a much more achievable thing than I believed was possible. While 51% of p…
You cannot give yourself any x-coin with a 51% attack.
You can double-spend arbitrary, though, right? Your purchasing power would be arbitrary until you lost 51% control, I suppose...
Re: 500 Million Dogecoins Mined by Unknown Hacker in Malware Attack
#39Given that the doge community has tended to be relatively "nice" rather than every-man-for-himself-libertarian, is there any chance of organizing a blacklist for these coins or some such?
The "community" cannot blacklist anything, it's the miners. And it is very unlikely that miners with >50% of the network hashrate would agree to this, since most heavy miners don't really belong to the "community" but are just in it to mine enough to be able to sell to cover their hardware and electricity costs.
Yes, the "community" can with modification to the code.
Re: 500 Million Dogecoins Mined by Unknown Hacker in Malware Attack
#40https://github.com/foilo
Account deleted, but this says enough.
"openshift-arachni 0 Deploy arachni on openshift"
Apparently hacker used Arachni on openshift to scan for vulnerabilities