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Topic: hypernova.pw "disappeared" with coins (Read 4195 times)

hero member
Activity: 675
Merit: 507
Freedom to choose
August 20, 2013, 10:48:53 AM
#26
Freaking unbelievable.  First I got burned on notroll.in.  Now wiped out at hypernova.

so go to a decent pool like give-me-ltc..

+1 good pool
legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
August 20, 2013, 04:11:32 AM
#25
Seems totally legit
sr. member
Activity: 490
Merit: 250
August 20, 2013, 02:02:26 AM
#24
i'm wondering if they find new blocks or not?

there are people in their pool mining still. but statistics page is not providing any found block.

I saw in their reddit channel that they are working hard to return people loss in every way they can. That's great.

seems like pool is working normally now and all shelved earnings have been paid to users.
sr. member
Activity: 490
Merit: 250
August 02, 2013, 05:44:28 AM
#23
i'm wondering if they find new blocks or not?

there are people in their pool mining still. but statistics page is not providing any found block.

I saw in their reddit channel that they are working hard to return people loss in every way they can. That's great.
hero member
Activity: 700
Merit: 500
August 01, 2013, 12:16:20 PM
#22
Users set themselves up for this shit by insisting on hot wallets.

Be willing to have the admins run their monthend trial balance until it balances before doing their monthly accounts-payable payouts and maybe there would be less of it, though even then arguably hackers could hack carefully enough to ensure the trial balance balances so that the admin will likely go ahead and run the payouts even though the wrong people get paid.

Another way to work around it is sheer volume of users combined with high enough fees, so that even if a hot wallet is emptied totally the loss can be absorbed by the site (admittedly due to having been passed on to the users in advance in the form and size of the fees).

-MarkM-

I would rather a pool that just pays what you are owed every day.  No need for any manual or limit trigger withdrawals - an admin should look over the payments each day to make sure nothing is fucked up.

Of course, a CPPSRB pool should never have had this problem.  The fact this happened shortly after the un-warned move to PPS and back to CPPSRB when people complained strongly points to fraud.  A properly configured CPPSRB system should never be able to inflate balances beyond what is payable (49.5LTC/block found).  If the admin's story is true, the false earnings should have gone into shelved balances, not payable balances.
legendary
Activity: 2940
Merit: 1090
August 01, 2013, 04:11:27 AM
#21
Users set themselves up for this shit by insisting on hot wallets.

Be willing to have the admins run their monthend trial balance until it balances before doing their monthly accounts-payable payouts and maybe there would be less of it, though even then arguably hackers could hack carefully enough to ensure the trial balance balances so that the admin will likely go ahead and run the payouts even though the wrong people get paid.

Another way to work around it is sheer volume of users combined with high enough fees, so that even if a hot wallet is emptied totally the loss can be absorbed by the site (admittedly due to having been passed on to the users in advance in the form and size of the fees).

-MarkM-
legendary
Activity: 2688
Merit: 1240
August 01, 2013, 04:00:56 AM
#20
just my two cents.. bigltc.cc is there for a long time already Smiley
sr. member
Activity: 658
Merit: 270
August 01, 2013, 03:14:05 AM
#19
Freaking unbelievable.  First I got burned on notroll.in.  Now wiped out at hypernova.

so go to a decent pool like give-me-ltc..
hero member
Activity: 700
Merit: 500
July 31, 2013, 04:10:25 PM
#18
Now ideally can't Hypernova link the wallet address with username and ask them politely to return? Or at least return enough to cover everyone's wallets? Luckily only had .01 LTC so no big loss but feel for the people who took a hit
They probably could... if the accounts don't belong to the admins that is.
legendary
Activity: 2072
Merit: 1001
July 31, 2013, 03:52:24 PM
#17
Sometimes admins take short cuts and when dealing with people's money that is never a good idea. It takes a different mind set when doing these mining pools. Imagine that even BTCGuild made this mistake before. It has happened several times over the last couple of years to different pools and about the only ones who survive are either via luck, only put so much coins in the hot wallet, or had enough personal funds to cover the losses.

Me? I shut down all the daemons, especially apache (httpd) and comment out the cronjobs (auto payout script), that would cover this type of thing from happening until you are satisfied litecoind is running properly via the API commands. So it is just me, sshd, and the server.

But even then... all it takes is for one major linux 0day exploit to be released and so many coin pools can be robbed for significant amounts of coins. It will eventually happen. Trust me on that. So your major defense is to withdraw your coins in a timely fashion. Don't use the pool as your savings account. I dont want to have cold and hot wallets (I do). Take your money dammit and stop putting risk on me and pool admins in general! :-)
newbie
Activity: 43
Merit: 0
July 31, 2013, 03:47:05 PM
#16
Freaking unbelievable.  First I got burned on notroll.in.  Now wiped out at hypernova.
sr. member
Activity: 252
Merit: 250
July 31, 2013, 03:41:57 PM
#15
Now ideally can't Hypernova link the wallet address with username and ask them politely to return? Or at least return enough to cover everyone's wallets? Luckily only had .01 LTC so no big loss but feel for the people who took a hit
sr. member
Activity: 308
Merit: 250
July 31, 2013, 01:25:25 PM
#14
 Cheesy Cheesy Cheesy now this is fun - just like ltcmine.ru - just my 2 cents : it`s kind of  "run on the bank" but in this situation it is driven by the bankers themselves . Next time just set the automatic payment threshold to min Wink
sr. member
Activity: 356
Merit: 268
July 31, 2013, 01:05:26 PM
#13
All Refugee's are welcome on my pool, 2% fee Pay Per Share.

K thnx.

sr. member
Activity: 259
Merit: 250
July 31, 2013, 12:34:17 PM
#12
Sucks this pool had to end like this... was really a good pool while it lasted.
legendary
Activity: 2072
Merit: 1001
July 31, 2013, 12:25:31 PM
#11
might as well say please come and join my pool at this point in time if many people are going
to be looking for one.

http://lite.coin-pool.com

We are a small pool right now, 0% fees, and since we look back 500,000 63 diff shares for payouts it is best to mine 24 hours a day with my pool.
I will change that lastNshares value in the near future since diff has been going up.

People who only mine a few hours a day should probably seek out a PPS pool.
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
July 31, 2013, 12:24:48 PM
#10
Dear all,

Today we scheduled a maintenance that went bad on Hypernova.
The purpose of this maintenance was to push the new litecoin daemon in its new version 0.8.3.7
As you may be aware, this new branch of litecoin needs to resync the whole blockchain.
During the blockchain syncing, the network difficulty dropped to something like 0.XXXX and the PPS rate skyrocketed.
Those who were mining during that upgrade within that 2 minutes timeframe experienced a WAY too high balance (we're talking about thousands of LTCs)
The auto withdraw threshold feature perfectly worked. Here is how you empty a pool wallet in seconds.

I'm very sorry about your loss. I decide to stop the Hypernova's adventures here.

If the coins (or part of the coins) are returned by those who received the withdraws, I'll be happy to refund those who ask me in PM or at [email protected] (please tag your subject with [refund] as you guess I'll have many mails within the next days)

If you need another pool, I would totally recommend coinhuntr.

WTF - they had scheduled maintenance where they had to rebuild the blockchain and they didn't think to put it in a separate directory (eg. ~/.litecoin2) or simply bring the pool down for the 30 mins it would take to resync? Seriously.
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
newbie
Activity: 38
Merit: 0
July 31, 2013, 12:23:02 PM
#8
Dear all,

Today we scheduled a maintenance that went bad on Hypernova.
The purpose of this maintenance was to push the new litecoin daemon in its new version 0.8.3.7
As you may be aware, this new branch of litecoin needs to resync the whole blockchain.
During the blockchain syncing, the network difficulty dropped to something like 0.XXXX and the PPS rate skyrocketed.
Those who were mining during that upgrade within that 2 minutes timeframe experienced a WAY too high balance (we're talking about thousands of LTCs)
The auto withdraw threshold feature perfectly worked. Here is how you empty a pool wallet in seconds.

I'm very sorry about your loss. I decide to stop the Hypernova's adventures here.

If the coins (or part of the coins) are returned by those who received the withdraws, I'll be happy to refund those who ask me in PM or at [email protected] (please tag your subject with [refund] as you guess I'll have many mails within the next days)

If you need another pool, I would totally recommend coinhuntr.
sr. member
Activity: 259
Merit: 250
July 31, 2013, 12:21:46 PM
#7
That's me on the Litecoin forum... happened to me as well.  I'm zero'd out ... had at least 9-10 LTC in my balance before it went to zero.  I did try to cash out during the weirdness... I saw 0% in the reserve fund so figured it couldn't hurt.  I ended up getting a transaction for 0.07 LTC to my wallet.  Right now the pool is up and reporting hashing of 460.70 Mh/s .. though the number hasn't change for the better part of an hour and I can't connect to the pool.

I had Nicksasa run away with at least 5-6 LTC ... hopefully the Hypernova guys handle this better.
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