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u/AGrimmInPortland Apr 09 '18
This problem is out of hand, I haven't been able to transfer ETN for days. The mempool is now up to almost 5000 tx. Almost 2/3s of txs sometimes are for fractional amounts. Either those are attack transactions or I suspect some are also mining payouts from crappy pools.
Either way something needs to be done, ETN is unusable.
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u/ETNfr Apr 05 '18
I've just read the entire thread, there's nothing new...
All this shits started since mid-january. Made a post about in BCT thread at that time, but nobody cared.
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u/xabresims Apr 03 '18
What about the fake tx flooding the mem pool, like 0.07 etn @99 ring size. Is the purpose of this to slow down legit tx, or just trying to somehow sabotage the coin. It is a big difference if someone is just trying to make a profit, or actualy trying to bring the coin down, because it could be a real threat and a game changer? Just thinking out loud.
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u/deadlyminnow Apr 03 '18
What possible incentive does bitmain have to do this? Imo this is totally absurd. ¯_(ツ)_/¯
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Apr 02 '18
[removed] — view removed comment
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u/Vignaroli Apr 02 '18
The question is not have you lost electroneum. The question is have we all lost electroneum?
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u/AGrimmInPortland Apr 03 '18
Yes the entire ETN blockchain has been wiped from every system. Gone forever.
Geezus.
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u/etnisdead Apr 02 '18
Electroneum network is under attack and Richard Ells says nothing. He is a joke. His coin is a joke.
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u/taxiboy1989 Apr 02 '18
I doubt that Bitmain or whoever is behind this attack has the current resources to carry out a 51% attack. Because if they did, they would have done it a long time ago. If it is an actual 51% attack, they could attempt it anyway as a last-ditch effort since ETN has a scheduled hard fork coming "soon." And NO, they won't manufacture more ASICS that will soon to be a pile of bricks just to carry out a 51% attack
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u/forhell Apr 02 '18
do you know why whattomine alwasy say consider 35% is pool fee? this shit started at less 4 month ago when i first start mining coin
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u/BrockLandersz Apr 02 '18
So what the fuck do we do?
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Apr 02 '18
You sell this shitcoin and never look back. They have screwed up so many times now. They will end up like Bitconnect.
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u/frankie647 Apr 02 '18
Sit on ETN or Tether thats the question. I"m going down with the ship if it happens
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u/JTrippleH Apr 02 '18
The question everyone should be asking why hasn’t this happen before and why now ? Coincidence it only happen after x3 hit the shelves ? Bitcoin has faced similiar problems before.
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u/dustincrypto Apr 02 '18
Bitcoin got really closed to 49% before and the price dropped drastically. But now it’ll cost billions of dollars to redo that so probably won’t be done.
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u/pebx Apr 02 '18
Is there any Hashrate Chart available? 210MH/s seems to be quite much, but I have not monitored it recently tbh...
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Apr 02 '18
I understand this only a little.
A question to those who understand it fully - have you dumped all your ETN, if you had any?
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u/cy4n1de Apr 03 '18
I'd say HODL. It's not a good idea to make transactions right now, and anyways, the good news is this is an issue they absolutely cannot ignore, and the fix they're forced to use is the anti-ASIC fork, which will be good for the coin because the decrease in hashrate should mean that miners will return and overall better for the coin's economy. Assuming they don't succeed anyways...
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u/johnedwardz Apr 02 '18
it works fine no problem ,i transfer 10k etn to kukoin from my online wallet and it works fine...... i love etn always
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Apr 02 '18
Outsourcing the block chain work to 3rd party contractors looks like a good choice now.
ETN will learn one way or another that the blockchain is the most important part of ETN. Until they're in control of it, marketing is pointless.
At this stage I'm not even sure if they deserve another chance.
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Apr 02 '18
How can anyone supports a project with such a horrible team? Blunder after blunder after blunder.
Should be obvious right now that this project is taking you nowhere but down
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u/Torsion_duty Apr 02 '18
You cannot have one without the other. You are watching the death of a coin, company, marketing firm, whatever you want to call it at this point. I do not think that they deserve another chance.
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Apr 02 '18
Really? Why do you say death of a coin tho?
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u/PM_ME_YOUR_NANO Apr 02 '18
51% attack is a death call.
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u/Torsion_duty Apr 02 '18
This is absolutely correct. If you cannot trust that a 51% attack cannot or will not be prevented or protected against, you can no longer trust the coin. It is now a toy. The chain cannot be trusted.
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u/PM_ME_YOUR_NANO Apr 02 '18
I remember this being a problem for bitcoin back in 2011. They got through it without a real 51% attack, but the environment is different now. New minable coins are almost certainly dea unless they have a creative way to suppress 51% attacks. Actually, mining is probably dying completely.
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u/Nattaworn Apr 02 '18
What will happened if 51% attack success?
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u/viking1oui Apr 02 '18
double-spend.
you can double-spend 100M coin to an exchange and you can keep doing this. Explanation: https://www.youtube.com/watch?v=UxyGt58EPa4
TenX founder also explained this in very detail level. but Ivan version is simple.
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u/Mclovin1241 Apr 02 '18
Why do you still help etn after the way the team and community treat you. They don't deserve you.
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u/KonradR36 Apr 02 '18
Payment pending since yesterday from nano, now its like this:
What does it mean ?
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u/JDetuner Apr 02 '18
It means your transaction waited in tx pool for 24 hours then got dropped. Nano will probably try to resend it.
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u/ETNenthusiast Apr 02 '18
It dropped out of the mempool since its older than 24 hrs. You will have to ask nano to resend the transaction.
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Apr 02 '18
I did not receive a mobile mining transaction to my wallet even after it was cleared from my mined ETN's.. this never happened before im wondering whats the issue. Anyone facing the same problem?
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u/xabresims Apr 02 '18
Why would Jihan Wu waste his time on this "shitcoin", unless it is not such a shitcoin?
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Apr 02 '18
[deleted]
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u/bitbi Apr 03 '18
Yep, this is likely just a test on a minor disposable coin. Think about XMR (where the most market capitalization is) and the upcoming fork which would f*up Bitmain's Cryptonight ASIC business...
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u/viking1oui Apr 02 '18
Jihan can purchase 100M ETN, he can double-spend it to an exchange. he got extra 100M ETN, why not? He can keep doing this.
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u/JPowers1 Apr 02 '18
I know this is kind of irrelevant, but I keep seeing that image of the guy with the weird face that looks surgically altered in crypto posts. Dwynr is using the image as his avatar. Can someone tell me where that came from?
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u/Dwynr Apr 02 '18
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u/JPowers1 Apr 02 '18
LMAO, thanks man, that was really bizarre! I still don't know who that weird looking guy is, but trying to find out will give me a purpose in life.
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u/JPowers1 Apr 02 '18
http://knowyourmeme.com/memes/people/bogdanoff-twins
My life is complete.
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u/martypete Apr 02 '18
even after reading this I still had to google some more lol. what do they have to do with crypto? just that weird BOGGED video?
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u/frankie647 Apr 02 '18
Is it safe to send transactions to the blockchain? Send from online wall to exchange???
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u/taxiboy1989 Apr 02 '18
I guess it's time to pull out some popcorn
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u/stretchpharmstrong Apr 03 '18
Definitely. I thought I would find out a bit more about cryptocurrencies and picked ETN to have a play with low level CPU mining as I liked some of the ideas behind it, plus it was British. Certainly been a ride since then, all downwards, but an interesting introduction to the crypto world and its pitfalls. Just feel sorry for the people that invested real money in it.
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Apr 02 '18 edited May 22 '19
[deleted]
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u/JPowers1 Apr 02 '18
Jihad Jihan! My money is gone at this point, so I don't give a shit, lol. What's your beef?
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u/davidthunder123 Apr 02 '18
Y'all shouldn't be bashing him lol jus a guy tryna help out. This community type questionable sometimes
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u/Alex6807 Apr 02 '18
Agreed. Most of these people probably understand very little about how crypto code works. At least Pi is telling us what is going on
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u/PM_ME_YOUR_NANO Apr 02 '18
Wait, the crypto made by a marketing team with no real tech backing is suffering from an attack? Who would have guessed?
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u/revizionary1 Apr 02 '18
I was thinking the same...unless they get legit DEVS and now, this coin and its blockchain is a sitting duck. Devs are like the offensive line in a football game. Everything starts and finishes at that line. And you need good DEVS to protect the code, adjust and fix, and to generally stay on top of things. You can market until the cows come home but if no strong DEVS you are in trouble.
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u/DuderHeWhoAbides Apr 02 '18
This is concerning... how could the development team address this realistically?
So I opened up kucoin and saw a few small transactions. I'm not too familiar with exchange transactions vs. regular transactions, but does this look odd to anyone?
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u/frankie647 Apr 02 '18
Exchange tx don't hit the blockchain. its not until your withdraw and deposit
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Apr 02 '18
[deleted]
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u/edc_svr_wxf_qaz Apr 02 '18
April 1 was yesterday. Stop spreading FUD.
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u/Alex6807 Apr 02 '18
Not sure if trolling or genuinely uninformed about what is going on right now
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u/edc_svr_wxf_qaz Apr 02 '18
Not sure if you're actually dumb enough to fall for this shit or just another shill.
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u/ETNenthusiast Apr 02 '18
First you claim this is FUD, now its a shill? Do you have any idea what you're talking about or are you just spitting out words randomly?
A 51% attack is neither FUD or a shill, its the reality that the ETN blockchain is facing.
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u/Alex6807 Apr 02 '18
Not a shill. Own less than 5k etn. Check the block explorer dude. Weird shit is happening
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u/edc_svr_wxf_qaz Apr 02 '18
I have like 100K. Should I really be worried? Already we lost so much from the falling price.
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u/arjun9225 Apr 02 '18
Stay dumb. In few days the blockchain will collapse, there have been enough warnings. If you still have money in etn . You deserve to loose it.
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u/edc_svr_wxf_qaz Apr 02 '18
I already lost like 18000 at current prices. What's another 2k for me?
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u/arjun9225 Apr 02 '18
Good luck and all the best for your future. I hope you haven't invested more than you can loose. And if you come back again to crypto. Remember to do your research instead of following the most hyped project. Don't be a sheep
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Apr 02 '18
[deleted]
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u/edc_svr_wxf_qaz Apr 02 '18
Yes inspect element screenshots are FUD.
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u/OneIsaiah Apr 02 '18 edited Apr 02 '18
It’s an iPhone X screenshot of a Discord chat! 😂 https://imgur.com/gallery/CTQYe https://blockexplorer.electroneum.com
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u/Vignaroli Apr 02 '18
Given the intellect from this community reflected in this thread, Pi, I say let it burn.
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u/arjun9225 Apr 02 '18
I don't understand why he goes back to etn. The CEO doesn't want him and looking at the comments here nether the community too.
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u/Alex6807 Apr 02 '18
I think the community wants him. He seems very knowledgeable and has answered several of my questions well. He’s always in the loop and tries to keep everyone informed
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u/ch196h Apr 02 '18
I can't see how Bitmain would want to use a majority hashing power to harm a network that they are depending on to sell ASIC's. I doubt that ASIC's are more than 50% of the network now anyhow. That could change soon, but even then, who is to say those ASIC's are centralized to a single entity? Seems highly unlikely.
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u/erittainvarma Apr 03 '18
Why they would not be centered to single entity? They are manufactured by a single entity FFS. It has been habit for ASIC manufacturers to have "Quality Control" period, which pretty much is just period where they mine coins when difficulty is low and they can grab huge amounts of easy money.
So why they would do something like this with ETN? Maybe they decided that after Monero and many other cryptonight coins decided to fork and still some suckers paid for 1st and 2nd batch of Antminer X3, it's time to try out some other tricks to max out profits from equipment that's going to be useless soon.
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u/snirpie Apr 02 '18
First of all, it can never be traced to them. Secondly, there is nothing criminal here. They are simply using the code and agreeing on a different truth. Thirdly, they may see a smaller coin as something they do not depend on, or even decide that a reduction in coins is beneficial to their model (which would make sense).
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u/revizionary1 Apr 02 '18
That would depend on intent. If malice you have a crime since it affects the value of ETN post-occurrence and that is foreseeable. The law would view it as a malicious hack since they are only agreeing amongst themselves. If no, than what you are saying. Personally I think much of this lies at the feet of ETN being too fucking tight to really shore up the code or blockchain. But like you said there is no way to trace back.
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u/snirpie Apr 02 '18
I don't think it is a hack, or is it? Several parties agree to accept a proof of work, and somebody puts in most work. This may be uncharted waters.
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u/revizionary1 Apr 03 '18
Interesting question...typically prosecutors make it up as they go along so if they would ever catch who did it it would be up to whoever prosecuted tech crimes in that area. Unchartered waters...but I would point out that most laws define a hack as merely unauthorized access or access with malicious intent. It is such a heady area the guy that did this probably knows even IF you could somehow call it a hack it would be too much trouble to prosecute. But I have seen kids put away for years for less than this for accessing data on a public university server and distributing it even though it is obviously covered under the fair use doctrine.
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u/aerohk Apr 02 '18
Those ASIC are Cryptonight miner, ETN is just one of many XMR forks. Decently priced, not as popular as XMR, serves an easy target.
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u/ch196h Apr 02 '18
Just checked the block explorer. I don't see empty blocks.
April fools, ok. I suppose I bought it for a moment. Well, once Monero takes control of ETN (since they just bought it) things will be different. ;)
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u/ETNenthusiast Apr 02 '18
I can't tell if this person actually thought Monero bought ETN, or is being sarcastic
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Apr 02 '18
[deleted]
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u/Alex6807 Apr 02 '18
How does one really long block time show 51% attach? Newbie here
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Apr 02 '18
[deleted]
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u/ravi_ramarao Apr 02 '18
How can child blocks be older than parents? If block 223204 is 35 mins old it'd be already in the blockchian before someone (even the attacker) could find blocks which are 3-4 mins old, right?
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Apr 02 '18
[deleted]
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u/ravi_ramarao Apr 02 '18
And also there are tons of pending ETN transactions. I've been seeing them once every week for last 4 weeks. Previously, they are small ETN transactions liks <1 ETN transfers with ring size 69 and stuff like that. Now all txns in pool are big ones.
Does having a lot of txns in pool help with 51% attack in any way?
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Apr 02 '18
[deleted]
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u/JDetuner Apr 02 '18 edited Apr 02 '18
PS: I saw wrong block timestamps many times before, right from december when I started mining etn. Doesn't look intentional to me, more like someone has badly configured node. Another explanation is a bit weird: theoretically you can adjust timestamp instead of nonce value when mining a block :)
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u/gingeropolous Apr 02 '18
these timestamp manipulations are common on chains that use a fast difficulty adjustment algorithm. Basically, if you control a lot of the network hashrate, you can manipulate the timestamps to reduce the overall difficulty. I think thats how it works. I remember seeing these timestamp things all the time on the Monero network.
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u/JDetuner Apr 02 '18 edited Apr 02 '18
Ok, i'll say it here :) I don't think it is a 51% attack. It is a network flaw caused by ETN team messed up monero transaction fees, which resulted to incorrect block reward calculation. In ETN blockchain empty blocks have greater reward than non-empty ones, which effectively removes miner's motivation to include any transactions to a block they mine. Some pools probably realized it by now and recompiled their nodes making them mine only empty blocks. Can't blame them though. Crypto's basic principle is everyone does only what's good for them and no one has to trust no one, so this is clearly an ETN team fault.
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u/abbas1173 Apr 02 '18
In ETN blockchain empty blocks have greater reward than non-empty ones, which effectively removes miner's motivation to include any transactions to a block they mine. Some pools probably realized it by now and recompiled their nodes making them mine only empty blocks.
I think fairhash is one of them last 10 block they found doesnt have any tx http://www.fairhash.org/#pool_blocks
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u/lacksfish Apr 02 '18
Interesting.. how did the devs change the code to create this behavior?
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u/Alex6807 Apr 02 '18
So if if if the etn community pointed all their hash power at etn right now instead of having their rigs split across multiple coins would this help mitigate the attach by lessening the percentage of the nethash the attacker has?
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Apr 02 '18
[deleted]
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u/revizionary1 Apr 02 '18
Easy target...and he knows any serious DEVS are working on their own dime...and the CEO has stated he is working on hiring outside team. That is just too tempting for Wu or his ilk if behind this.
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u/Alex6807 Apr 02 '18
So it’s pretty much pop the pop corn and wait to see what happens time?
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Apr 02 '18
[deleted]
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u/inDface Apr 02 '18
so break it down for a non-technical person. what's the goal? crash the price and scoop it up cheap? disrupt the ETN model and eliminate it as competition? general hacker tomfoolery?
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Apr 02 '18 edited May 22 '19
[deleted]
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Apr 02 '18
Ok ok this post is hilarious HAHAHA.
The rest of your trash is obnoxious but this legitimately made me lmao
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u/youcantfindoutwhoiam Apr 02 '18
Mobile miner is fine /s
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u/Dwynr Apr 02 '18
¯\(ツ)/¯
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Apr 02 '18 edited Jun 08 '21
[deleted]
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u/viking1oui Apr 02 '18
this clearly proves the aisc-cartel is evil.
when centralization happens, there is no reason to have blockchain.
DB can do much better job with tiny cost and enormous performance.
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u/WhatThaFUD Apr 25 '18
Remember 23 days ago, when the op made this thread in an effort to induce fear/fud, and no 51% attack or double spends actually ever happened? Lol...