Topic: [ANN]█▅ AurumCoin AU ▅█ Welcome to Aurumcoin(AU) Project █▅ 2014-2017 ▅█ - page 18. (Read 89744 times)

Around 77% of the entire AU circulation transferred in block 1103023 and 1103024 after it was dead for 2 months, had a serious blockchain based exploit and has no exchange that has a working wallet that accepts deposits and withdrawals.



232034 AU  out of 298089 AU in circulation was transferred in just two blocks

When traders will start exchange Aurum coins for gold bars, this will go like 🔥

but 50% of the supply is in unknown hands and 20% of the supply was stolen, y buy a scandalcoin

I will wait with my BTC to buy your dumped AU. Who is selling 30,000 AU for 1 BTC?  

well that escalated quickly, grab the popcorn? lol

Aurum coin (AU) is not a scam
Cryptopia.co.nz is a SCAM EXCHANGE

Still relevant. Wonder when the blockchain dies again. Was dead for nearly 2 months after block 1103022.





The exchange wallet is in maintenance and has been for months. I agree the volume and price is fake.



https://www.w3livenews.com/News/ReadArticle Inflated trading also occurred when Cryptohub was hacked.

Since the Aurumcoin blockchain got exploited they are looking for someone to dump the worthless coins on.

Their criteria is:
https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=b8aa010ddb452b80d7e096888a961934

It does not specifically specify a CEO.

https://bitcoincore.org/en/contact/

No need to delist bitcoin. But if it fails to meet their criteria I am sure they will delist it.

What is the next best exchange possible that anyone from community can help to be listed?

@xtraelv I do not agree with you at all.
For sample, who is the CEO of Bitcoin? you demand CEO in cryptopia T&A
Please delist Bitcoin from cryptopia...

I believe he was talking about the potential Bitcoin becomes 51% attack target but it is not happening right now and very unlikely to happen. And please read this before making a fuss for nothing,
https://www.investopedia.com/terms/1/51-attack.asp

51% attack is way too dangerous for a project itself, it could reverse or halt every transaction. Even if they are implementing those IDs, it won't change a fact that they still can do a double-spending.


There is no point arguing this problem in here because in the end, they will not give you anything back. So move on and find a way to solve this problem.

Not true. Aurumcoin network nodes confirmed payment. These confirmation blocks were orphaned later. The confirmed blockchain transactions were reversed.

Blockchain transactions are supposed to be immutable. (irreversible)


You don't have to do that with fiat money.  There is a threshold.

Are you saying that you can trust crypto less than cash ?

So when the blockchain says you have a confirmed deposit you shouldn't trust the blockchain in case the balances disappear due to a blockchain based exploit ?

Because blockchain is not secure ?

Privacy and anonymity are one of the basic fundamental principles that led to the creation of Crypto currency. The whole idea of blockchain immutability is so that it is a trustless system and that trusting the sender or receiver is not necessary.

Aurumcoin breached one of the fundamental principles of what makes crypto valuable - immutability.

If you cannot trust the blockchain to be reliable then you have nothing of value. Because it can be taken away from you.


Bullshit ! Please list those more than 100 coins.


Please explain how bitcoin is not compliant.

@xtraelv This is not answers to what I ask you, you just copy & paste from cryptopia Terms and Conditions
I do not agree with this.
you gave the coins yourself to the hacker, this is not network, no one can withdraw coins by network not even cryptopia.
you could prevent this, for sample you can demand ID from any user to know who he really is, you have to do this with fiat money.
The attack on network was aware by cryptopia (more than 100 coins not just AU)
your security team did nothing.
Cryptopia should add to Terms and Conditions that us customers should jump from the building roof if you say so, you forgot to add this term...
And one more thing Bitcoin is not compliant with your T&A please remove Bitcoin from Cryptopia

1) Being open source is irrelevant. It just means that the code is not subject to copyright.
The Aurum blockchain got attacked and that resulted in deposits being deleted.

2) I don't know how many coins the developers have. A fork can be created to replace the ones that the blockchain didn't credit.

3) Cryptopia doesn't own the coins bought or sold - nor caused the loss. Why should they replace something that they didn't cause the loss of in the first place ?
They clearly warn in their terms and conditions that 51% attacks are a risk and that they cannot prevent such an event.

Cryptohub was hacked - that was an event under the control of Cryptohub. An entirely different scenario.
https://twitter.com/cryptohubonline/status/1043163502628798464?lang=en

Cryptopia wallets are not compromised. Cryptopia was not hacked. The Aurumcoin blockchain was exploited.

a)
In order for a 51% attack to occur the coin blockchain is exploited. Definition of 51% attack: https://www.investopedia.com/terms/1/51-attack.asp

Because the blockchain has insufficient hashrate and the code does not prevent such an attack from occurring the Aurumcoin nodes have confirmed payments to Cryptopias wallets and later those blocks have been orphaned and replaced by the blocks generated by the attacker.

Cryptopia didn't lose any funds due to anything Cryptopia did. The Aurumcoin blockchain was exploited resulting in previously accepted transactions by the blockchain being removed and replaced by those generated by an attacker.

Cryptopias wallets didn't get compromised or hacked. The blockchain got hacked and the balances were removed on the blockchain. The funds were credited and then removed on the blockchain.

Other coins where this has occurred have compensated exchanges for such losses since the losses occurred due to a blockchain based exploit.

If you imagine the blockchain like a bank and the exchange as a merchant.

The bank (blockchain) credits an amount. The merchant (exchange) sees the payment and releases the goods. The depositor receives the goods and disappears.
The bank (blockchain) then reverses the credit. The merchant has lost both the deposited funds and the goods.

The merchant has acted in good faith on the information supplied by the bank (blockchain). The merchant has neither withdrawn the funds nor is their account compromised due to something they did.

The bank (blockchain) removed the funds due to an exploit in their system.

Do you think that in such a scenario that the blockchain should not re-emburse the funds that got lost due to their fault ?


b) A lot of coins are clones of the same coins. Their code is neither unique nor developed by those coins. They are almost completely copied and pasted.

A lot of those cloned coins have recently been attacked with 51% attacks. Those coins are or will be all delisted and it is unlikely that any exchange will list them unless the problem of 51% attacks is solved.

c) In order for coins to be eligible to be listed on the Cryptopia exchange:

https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=5d7482d2db9e9bc032a664a14a96199f

https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=b8aa010ddb452b80d7e096888a961934

@xtraelv I don't understand what you mean.
You say that @rossen & @Althor49
Are supposed to give cryptopia 15,750 AU?
1. Why? This is open source, they are probably not the attackers.
2. Why do you think they have so many coins?
3. Why cryptopia don't buy from someone or give BTC compensation?
Even CryptoHub compensate us investors.
More than 100 markets are stuck in cryptopia's exchange after 51% attack, this is not just AU problem. Why should any one of us your victims will ever invest in your cryptopia exchange?
I really don't understand you please explain yourself.

Good morning, Welcome back from the dark side.
It is not ok that you didn't talk in this crises.
what are your plans to future? you and aurumcoin.com? (at least they did talk with no help)
This split between you is not good to us investors.
I get now that they have the IP since twitter removed your account and their not.
What is all the info you have? new wallet versions every thing? why this attack will not happen again?
Start talking you own us investors answers!

Hello community,
the blockchain is going on again.
Thanks to all who didn't whine but helped.
Regards Althor

The coin has been subject to a 51% attack (which is in breach of the coin listing conditions). The coin has been suspended for some time. Notice to withdraw was given and because the wallet is now empty due to the blockchain based exploit there is no point in extending the delisting process.

The reason the wallets are empty is because the Aurumcoin blockchain was exploited and the Aurumcoin developers have chosen not to compensate their victims.

https://www.cryptopia.co.nz/Home/RiskStatement

Aurumcoin developers were given the opportunity to compensate for the losses that occurred on their blockchain which they have chose not to do (Unlike other coin developers that have compensated exchanges for losses that occurred due to their blockchains being attacked)

https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=91fc54cddbfc2b0052d2ef728a961948
https://coinexchangeio.freshdesk.com/support/solutions/articles/9000155990-what-is-a-51-attack-
https://www.coinexchange.io/news/post/64/

No exchange that has Aurumcoins listed will protect against a 51% attack. It is the responsibility of coin developers to protect their users against blockchain and code based exploits and thefts.

Aurumcoin developers response is to refuse to communicate - block people from their social media and blame everyone else but themselves while continuing to claim the coin is gold backed while it clearly is not.

ho ho ho

Looks like santa dropped some blocks...

https://www.bigbitex.com/block_explorer/explorer.php?monnaie=AU

https://i.ibb.co/WDbqTTQ/Screenshot-2018-12-24-Aurumcoin-AU-UNOMP-Beta-Pool.png

http://www.debutech.de:8181/stats
http://www.debutech.de:8181/workers



This 2 blocks might include Cryptopia transactions, one can check - Transactions In This 2 Blocks

https://www.bigbitex.com/block_explorer/explorer.php?block_hash=00000000000000000668fb998a93246d43809f9edfc454d2a20ae8a29ac33b08
https://www.bigbitex.com/block_explorer/explorer.php?block_hash=0000000000000002140b3161042835e82c6632cf19875135c0ead3f22761e8f7

___

Who is mining? me and not me... I rented 1000TH/s for 24 hours, with a price of 0.04000000 BTC/24 Hrs which is 200$ with 5000$ BTC price.... 500TH even 100TH even 1TH/s or less is enough to keep chain roling, but with todays ASIC mining power 1TH, 100TH, even 500TH/s isnt enough not to get 51% attacked...

Why did I do it? out of curiosity if chain will move when I saw https://twitter.com/Aurum_Coin/status/1075424046580412416

So what to do? nothing is for free, right... One can not expect magical 1000$ per Au happen without any work sweat tears & $ being done. Mining costs $ as everything in "real life also" if one owns equipment.... We as community can rent out mining power, which costs x $ and we dont need to own hardware to keep blocks moving .. Sort off But still get newly mined Au-s as reward, right


With:

Coin type Bitcoin (SHA256)
Max coinbase 300.000 Coins
Initial Coins per block 1 Coin
Halving every 150000 blocks
Difficulty retarget 300 blocks
Block time 1 min
Block maturity 2 blocks


There is 1440 blocks per day x 0.007825 Au per block = 10,8 Au per 24 hours, for grabs.

Block reward halves on every, 104,16666666666666666666666666667 days, + -

As today:
 Block Count: 1103069
Difficulty: 35255363.944443
Connections: 10


Aurumcoin(AU) blockhalving

1-150000 = 1 AU / block = 150.000AU

150001-300000 = 0.5 AU / block = 75.000AU

300001-450000 = 0.25 AU / block = 37.500AU

450001-600000 = 0.125 AU / block = 18.750AU

600001-750000 = 0.0625 AU / block = 9.375AU

750001-900000 = 0.03125 AU / block = 4.867AU

900001 - 1050000 = 0,0156 AU / block = 2.343AU

1050001 - 1200000 = 0.0078125 AU / block = 1.171AU

1200001 - 1350000 = 0,00390625 AU / block ~ 586AU

1350001 - 1500000 = 0.001953125 AU / block ~ 293AU

1500001 - 1650000 = 0,000976563 AU / block ~ 145AU

1650001 - 1800000 = 0.000488281 AU / block ~ 73AU

1800001 - 1950000 = 0.000244141 AU / block ~ 37AU

1950001 - 2100000 = 0.000122070 AU / block ~ 18AU

2100001 - 2250000 = 0.000061034 AU / block ~ 9,16AU

2250001 - 2400000 = 0.000030518 AU / block ~ 4,58AU

2400001 - 2550000 = 0.000015256 AU / block ~ 2,29AU

2550001 - 2700000 = 0.000007629 AU / block ~ 1,14AU

2700001 - 2850000 = 0.000003815 AU / block ~ 0,57AU

2850001 - 3000000 = 0.000001907 AU / block ~ 0,29AU

3000001 - 3150000 = 0.000000954 AU / block ~ 0,14AU

at this Point are 299999,85 AU Coins mined

According to the agreement concluded when registering with the Cryptopia Exchange, there is a point in clause 9.3 here: Generally, the procedure in which we will delist a specific Coin is as follows:
the market for the Coin is closed and from that point you will not be able to buy or sell the Coin; and
we will give at least a 30 day notice on the removal of the Coin. At that time, the status of the Coin becomes "delisting".
During the 30 day notice period, you must ensure that you withdraw the specific Coin from the Platform, to an external wallet, and cancel any outstanding Transactions. If you do not withdraw your balance of the Coin from the Platform you may lose the balance of the Coin at the time it is removed.
This item was broken, since we were not notified for 30 days, but on the same day before the closure of the coin. What can we, users, do by relying on their own rules?