Topic: Exceptional ETC Block Reward on Jan 13th found some clues.. Pls somebody verify (Read 318 times)

Neither;  it's programmable nature is its inherent flaw;  with either coin.   Likened to Adobe Flash in a loose manner of speaking.   This is the specific reasoning I have never trusted ETH, or any fork thereof.   The DAO "hack" and now this;  is more than enough for me to be happy about my past decision and reasoning.   It's not an attack on any particular coin or person's own thoughts;  its simply a fact of my own reasoning.


This would be the case; if the chain reorganizations and 51% attack weren't happening... there is a reason for the absurd reward... you obviously haven't kept up with all the news surrounding this.  I suggest you do a little research as to whats been happening other than "some asshat spending a ridiculous amount of gas fees".

The why of the 'thing';  is the most important link to understanding the 'things' nature as a whole.


*edit* apparently the hacker has returned some stolen funds to different accounts;  so says yobit's twitter.... hmmm.  suspicious.

where's the problem? you can perform same "hack" yourself, just send something with same gas settings. You will be charged 105 ETC for transaction, miners will be happy for a while )

So which one would you prefer if you were that hacker/person, 105 etc or 105 eth? simple answer right? this never happened to eth because it might already have been fixed or maybe it never had on eth's code and somehow was implemented on etc on some feature after have unlinked from eth, right now the bug is uncertain and saying it has on eth's code too is misleading because it never happened to eth, etc devs need to find out why and then eth devs will see if correlated to eth too.

This is the problem with ETC/ETH itself that I have wondered about;  it's nature as a programmable thing.... and interconnectivity with it's token...   room for potential problems like this.  He must have found a way to initialte a TX to run a malicious code, or abuse some aspect/vunerability of ETC we don't understand yet.  Another curious notion, is could it be done with ETH as well (this being a test case for ETH which has a much greater market share)...

Thankgod i never invested on etc, since it was created i saw it failed, hackers took control of it beginning the dao hack hehe, eth devs made the right decision to roll back the hack.

nothing interesting actually, except they are f..king rich

 Yes, you are right. Thanks you.

Can you feel anything fishy about these below addresses?

http://gastracker.io/addr/0xfc41998b4aabd4b743724d9ba30f89625fd03c22

http://gastracker.io/addr/0xb71ee6225ac2904b61941797781ad5cb9182371d

huge amounts ether(etc) is moving through wallets. any guess whats happenning.

all that transactions had Gas Price 5000000000 Mwei along with 21000 Gas used, i.e. each trn had 0.005x21000 = 105 ETC fee, all fits.
so it's not a ETC network bug, it's just a strange behavior of wallet's owner (or somebody who accessed it).

Looking forward to the answers for this.  Seems like a bug that someone knows about.  All of this is beta software design to rid you of your human effort.  Don’t fall for it.  The only thing crypto is helping is the devs of the coins.  Their financial wellbeing. Not that I’m against that it’s just we all need to understand that.  This isn’t about us at all.  Someone found a way to steal from others using crypto imagine that!!  Be careful out there folks!

BR

Hello guys,

 I was checking the blocks that rewarded more than 4 ETC for the block mined.

Unusual Block rewards that emitted are:

109, 214, 319, 424, 529, 634, 739, 844 ...

by checking these numbers i found a pattern.

they are multiples of 105.

If the block reward is
  109 == 1x105 + 4 (here 4 is normal block reward ie 4 ETC. )
  214 == 2x105 + 4
  319 == 3x105 + 4
  424 == 4x105 + 4  
  529 == 5x105 + 4  and so on...

will give some blocks to verify

block 7294464 , Block reward 109 etc
block 7294466 , Block reward 214 etc
block 7294501 , Block reward 319 etc
block 7294503 , Block reward 424 etc
block 7294536 , Block reward 529 etc
block 7294628 , Block reward 634 etc
block (no block found on this) , Block reward 739 etc
block 7294513 ,7294593 ,7294631 , Block reward 844 etc
block 7294747 Block reward 1894 etc

block 7294687 , Block reward 758.49 etc. This one mismatched the above sequence.

Block 7294779 is the last block with 109 ETC reward that has abnormal block reward. After this i didn't found any.

If you trace backwards from 7294779 block you can see the above patterns randomly.

One more Interesting thing i found is a common wallet address txns in abnormal block reward blocks.

ETC wallet address: 0xb71EE6225Ac2904B61941797781ad5Cb9182371d

if a block have transaction from above address there is a abnormal block reward.

if a block have 1 trxn from above address  , block reward is 109 ie 1 x 105+4
if a block have 2 trxn from above address  , block reward is 214 ie 2 x 105+4
and so on until highest block reward... (check for yourself)

After block 7294779 this whole thing stopped.

Today in block 7305515, there are transactions fron above etc address. but there is no abnormal block reward.

Is this a hack or something else i don't know. Experts have to analyse and answer.

Looking forward to get some clarity on the issue.

Thanks