Newton Coin developers taking miner rewards "for science"
Recently NCP released a new version of its software.
We have discovered that NCP developers have included code into this update that steals significant portion of miner rewards. Here is how it works:
- when miner/pool starts to mine the new block, it requests a block template from the network node and provides a wallet address as a parameter
- block template is constructed with coinbase transaction which sends block reward and fees to provided wallet address
- if pool/miner finds solution for the block, it is submitted to the network and wallet receives funds from coinbase transaction
https://github.com/livenet123/Newton/blob/df7c4b7f743294313b36bf86237b98380436f5e7/src/Rpc/RpcServer.cpp#L1066 The code that was added by NCP team substitutes address provided by miner with their own address every 13th block, essentially rerouting 1/13th of all mining rewards from miners to this address:
cczJrVPTSj6aWNJyMpCdckjQ9oKB9f8cgVRrTt2mpAhY2QG7NZeqkVveCoM5WNiv5R7uJCKTTcEyvNx ijaf3bUT7A6PZ5dS1H5By the time it was discovered and fixed, at least 120 million NCP was already missing.
Note that this form of "donation" was never mentioned anywhere, at no point NCP team even hinted about such code inclusions on any of their social media. Still giving them benefit of a doubt we have contacted them, describing the situation and asked for their comments. We were promised they would "get to the bottom of it". However, after several days have passed, they no longer respond to us, have not acknowledged the situation and the code is still not fixed, so any pool/miner who is running unmodified version of NCP 3.0.0 release is still missing funds from every 13th block they mine. At this point it looked to us like a deliberate attempt to defraud the vast majority of the coin miners.
Ultimately at some point NCP team has to acknowledge the situation, return "donated" funds to the miners, fix aforementioned code and audit the rest of their codebase to make sure there are no other siphoning of funds anywhere else.
fairhash.org team
P.S. Since going public with it, we were contacted by head of the project, acknowledging situation, so that's at least a step in the right direction.
soon it will be more than 10%, if FH do not like that then tell him to delete this Coin from pool.
he told me later that he do not care for what dev cost monthly to keep this network running and how much it cost to pay for team consist of 9 persons.
he told me later that he do not care for how this coin will fund projects, and really we did not see this pool owners in any postive active at our groups.
i asked him many times that we need as dev to check his pool code Cuz he is playing with time server and seems as short range timestamp attack and no response.
we have a mission and we will continue work for it, if you do not trust us so leave us and go away from this coin.
Way to double down on your scam. Let me dispel this barely coherent nonsense.
1. We don't contribute to the "science fund" because in all interactions with us you have showed yourself to be
untrustworthy. One time I came to this forum and told Reality_Bytes that for us to consider it, donations should be implemented in transparent ways, not just "we told you so" style, but nothing ever came out of it. Notice, how this is a common problem,
you have managed to alienate over 90% of the network hashrate, the only pool with significant hashrate that participates in your "program" does it just because you allow him to spam incessantly all over your social media channels. Since he didn't have any other means for promoting his pool, he is the only one you have managed to strong-arm into donating. Recent events have clearly shown people were right not to trust you.
2. We are not "active" because we were banned with no warnings from your groups within 10 minutes after we came to you to tell about network problem that occurred back when we just started the pool. Your arrogant tone, however, shows that you are missing a bigger picture, so let me explain it to you. We run efficient and transparent pool, which is biggest on the network. If you don't see value for the coin in that, well, then you clearly don't understand how POW blockchains work.
It is the miners who secure the network and make transactions possible. Our interests as a pool are linearly aligned with interests of miners. We provide viable coins for miners to mine given current state of affairs, we don't choose the coins, miners do. So our main concerns are healthy network, stable pool and open exchanges. We have no time for anything else and we shouldn't be expected to do your job.
Let me also reiterate, you haven't stolen from fairhash.org, which you seem to be almost proud of. We, as well as other pool operators, only make a very small commission from miners reward. You have
STOLEN OVER 100 MILLION NCP FROM THE MINERS, who have invested their hash power and trust into this coin.
Your response to this situation, and more importantly, your completely unethical and fraudulent actions demonstrate beyond reasonable doubt that you are not worthy of a trust placed on you by the community and you don't seem to care.fairhash.org team
