This is what happens when you keep the hashing algorithm the same when another chain that starts with a "B" and ends with an "N" has ASICs coming out for it.
This was not hard to see coming 8 months ago.
Topic: TERRACOIN ATTACK OVER 1.2TH ATTACK CONFIRMD - page 11. (Read 28166 times)
Blockchains are insanely expensive to secure. Someone didn't care and wanted to fleece the suckers anyway so went ahead and made one anyway. The rest is pretty much just yet another repeat of why suckers are called suckers.
-MarkM-
-MarkM-
Application Specific, I would assume TRC is slightly different in the code and would require tweaks would it not? If not then why has an attack like this not happened yet?
Naw, I don't have ASICs but I have mined TRC with FPGAs. Same principle. The "application" isn't the miner, it's just the hashing algorithm. You can use the same setup to mine TRC that you would to mine BTC or PPC.
Someone got an ASIC working on TRC?
You can use Asic on TRC and others that are sha256D
Application Specific, I would assume TRC is slightly different in the code and would require tweaks would it not? If not then why has an attack like this not happened yet?
It already has happened a few months back when the first asics where coming about it got attacked by 1 Avalon unit and it messed the difficulty up so they changed how it works and seems someone else has no found a way to attack and gain in the event of it.
Someone got an ASIC working on TRC?
You can use Asic on TRC and others that are sha256D
Application Specific, I would assume TRC is slightly different in the code and would require tweaks would it not? If not then why has an attack like this not happened yet?
Someone got an ASIC working on TRC?
You can use Asic on TRC and others that are sha256D
Someone got an ASIC working on TRC?
Here we are again I bet who ever is doing this is loving every moment of it.
5920.05 Difficulty
5920.05 Difficulty
and back to Current Difficulty 38094.28 lets see if another diff of above more than likely.
well looks like its an exploit difficulty went back up to 40,000 5 min and now back to 5254.96 diff again difficulty the same 2 times is impossible unless exploited it would be a little different each time but this is showing some sort of exploit is going on.
BTC-E is the only exchange with significant TRC buy interest, as far as I can tell. (~200 BTC)
LOL this is hilarious, the attacker is making mega BTC at each diff reset to low, Im watchin coinotron and once diff gets high, he must stop mining and let it reset to low or something. then starts right back up..
Man, the people on coinotron are trying to get in on it but the blocks are being all orphaned =(
Man, the people on coinotron are trying to get in on it but the blocks are being all orphaned =(
Yes I solo mined some orphans too.
LOL this is hilarious, the attacker is making mega BTC at each diff reset to low, Im watchin coinotron and once diff gets high, he must stop mining and let it reset to low or something. then starts right back up..
Man, the people on coinotron are trying to get in on it but the blocks are being all orphaned =(
Man, the people on coinotron are trying to get in on it but the blocks are being all orphaned =(
Woo! I managed to sell my TRC at the usual rate before the crash!
Have a look at those stats!
http://www.coinwarz.com/cryptocurrency/
Have a look at those stats!
http://www.coinwarz.com/cryptocurrency/
ha diff is 42k now, no longer profitable, congrats to those that got on the quick BTC @ coinotron =)
The hashrate went from hardly anything to nearly 600GH for TRC while it was goin from 5k to 42k diff =P
hilarious...
The hashrate went from hardly anything to nearly 600GH for TRC while it was goin from 5k to 42k diff =P
hilarious...
Because the diff adjusts every block its just trying to compensate for the attack. It recently just went back up to 11K diff which it sometimes goes down to during 'normal' daily cycles. Annnnd its down to 5.25K again...
15.4 btc 
if he dump much less...
not smart move
coin is dead now
if he dump much less...
not smart move
coin is dead now
Network Hash Rate now 4.02TH
WTF. This is insane! 
Network Hash Rate now 4.02TH
Sure is going to be interesting to see what devs say and fix this. as the difficulty is frozen too.
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