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Monthly Archives

September 2016

Kim Dotcom’s Extradition Appeal Concludes, Will He Get a “Fair Go”?

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After more than four weeks the extradition appeal hearings of Kim Dotcom and his former Megaupload colleagues have concluded. In his closing arguments, Dotcom’s lawyer urged the court to carefully weigh the facts and give his client a “fair go,” which he says the District Court failed to do. However, even if the High Court sides with the defense, the case is still far from over.

Source: http://bit.ly/2dvxCX1

Spain to Put Tax on Cryptocurrency Mining

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Regulations concerning cryptocurrencies are gradually falling in place in many countries across the world. While a lot of them are yet to implement cover-all regulations or laws, the Spanish tax authorities have labeled cryptocurrency mining operations as an economic activity. This new classification makes cryptocurrency mining a taxable activity.

source: http://bit.ly/2dqMDnu

Mt. Gox Creditor’s Payouts Being Delayed By CoinLab Lawsuit

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A years-old $75 million lawsuit against Mt Gox by U.S. company CoinLab is delaying payouts to creditors, the Japanese bankruptcy trustee revealed today.

Back to Tokyo Bankruptcy Court

In the latest creditors’ meeting at Tokyo District Court, bankruptcy trustee Nobuaki Kobayashi confirmed the suit remains active. U.S. company CoinLab filed the suit in 2013, roughly eight months before Gox ceased operating and filed for bankruptcy.

source: http://bit.ly/2dqLjkT

Hoboken train crash: 1 dead, over 100 injured

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A New Jersey Transit train plowed through a major station in Hoboken during Thursday morning’s rush-hour commute, killing at least one person and injuring more than 100 others, officials said.

Witnesses said the train overran its stopping point, slammed into a bumper block, went airborne and hurtled through a passenger concourse at about 8:45 a.m. at the terminal, one of the busiest transit hubs in the New York area.

source: http://cnn.it/2ddjC1Q

Transaction spam attack against ethereum

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Transaction spam attack against ethereum, what to do now?

A transaction spam attack that repeatedly called the EXTCODESIZE opcode (see trace sample here), thereby creating blocks that take up to ~20-60 seconds to validate due to the ~50,000 disk fetches needed to process the transaction. The result of this was a ~2-3x reduction in the rate of block creation while the attack was taking place; there was NO consensus failure (ie. network fork) and neither the network nor any client at any point fully halted.

The short-term fix is for users, including miners, enterprise users (including exchanges) and individuals to run geth with the flags:

–cache 1024 –targetgaslimit 1500000 –gasprice 20000000000

Or Parity with the flags:

–cache-size-db 1024 –gas-floor-target 1500000 –gasprice 20000000000 –gas-cap 1500000

Source: http://bit.ly/2dooF0d

Ethereum network is currently undergoing a DoS attack

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URGENT ALL MINERS: The network is under attack. The attack is a computational DDoS, ie. miners and nodes need to spend a very long time processing some blocks. This is due to the EXTCODESIZE opcode, which has a fairly low gasprice but which requires nodes to read state information from disk; the attack transactions are calling this opcode roughly 50,000 times per block. The consequence of this is that the network is greatly slowing down, but there is NO consensus failure or memory overload. We have currently identified several routes for a more sustainable medium-term fix and have developers working on implementation.

It is highly reccomended to switch to Parity mining. Use these settings:

–cache-size-db 1024 –gas-floor-target 1000000 –gasprice 50000000000

Parity mining guides:
http://bit.ly/2cL2D66
http://bit.ly/2d8j5Qq
If you continue to use geth, use the following settings:

–cache 1024 –targetgaslimit 1000000 –gasprice 50000000000

Overwatch Highlights 9/18/16

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Overwatch Highlights 9/18/16

I worked my way up to lvl 25! Woot

Bastion
Couple spree’s and a no death game
Solider 76
Couple spree’s, 32/2 game, a no death game
Reaper
Spree’s
DVA
Mech Kills and perfect game