Bitcoin Forum

is bitcoin going to survive the bitcoin stress test

why not? it's not like this is the first one, and i'm sure it won't be as a bad as the last one with 130-150 tx per second as a peak

worst case you would wait a bit more for your transaction, i'm lucky i not need to move any bitcoin at the moment

Sure it will.
Bitcoin already has survived other stress tests and it will survive further tests.

I would say yes. For majority of the stress test, they are using 0.0001BTC/KB fee which would only delay the confirmation of the transactions with lower fees. Last time there was a big stress test, I used 0.0001BTC/KB and it confirmed promptly. The minimum fee to relay can also be brought up to prevent people from spamming the network with fees that are too low.

Not quite sure what do u mean "survive" the stress test.
A stress test cannot kill Bitcoin, therefor it will definitely survive.
It can only slow down tx confirmation times, but there are still ways around that.

Bitcoin will survive as before.
Watch the https://www.blocktrail.com/BTC (https://www.blocktrail.com/BTC) for updates about "Unconfirmed Transactions",  "Optimal Fee / Kb to get into next block" and "Low Priority Fee / Kb to get into a block within 2 blocks".

EDIT: If you have urgent transactions that cannot wait, set the transaction fees according to https://www.blocktrail.com/BTC "Optimal Fee / Kb" to get it confirmed quicker, during the stress test period. The data are updated in real time.
Coinwallet.eu that conducts the stress test has some BTC to lose and miners will get more profit from the tx fees..
The end users will suffer some tiny BTC losses due to tx fees or delays but nothing serious to harm the BTC ecosystem.

Isn't this the usual way of doing things at this forum? The sole purpose of this thread is not the question itself, but rather start a discussion about delayed transactions that might cause fear in some.


Currently the mempool has around 12.5k transactions which is okay. Looking the the size of the recent blocks, the pools are choosing to ignore the spam transactions. If you include a higher fee you will not experience any delays at all.

Let's not forget that other people might piggy back onto this test to make a point. Every test like this gives attackers a opportunity to do more damage with less financial inputs. How can we make a prediction in

advance, if we do not know how many other leechers will be latching onto this? Let's just see what happens and ride it out like the last time. If you have urgent transactions that cannot wait, you just bump up those

transaction fee's to get it confirmed quicker, during this period.  ;)

yes we can survive
this is not a first time for bitcoin networker

Fxxx the 'stress test' (referred as 'stress test spam' myself) is up again?
Though when I last check the blockchain status few minutes ago, there isn't a new block found in 33 minutes, but the unconfirmed txs are of 9MB big... Hopefully they will confirm in 2 hours.
Hope the spammers can stop, and I also hope the developers make the anti-spam sending amount be 5460 satoshi again.

Is the Bitcoin stress test already started? What is the schedule?

I think it already started but I don't know anything about a schedule.

Of course it will survive. It has survived many other stress tests in the past, in the same way, we'll be fine this time as well. It is announced though that this one will be by far the biggest so far.

These stress tests are not at all that bad for a network in my opinion. They will show us the weak points and maybe even help this debate come to an end. Yes, it is not convenient to have you transaction stuck, but users should just anticipate this and pay slightly bigger tx fee than the fee of the stress test transactions.

If transactions get delayed and there's a pile of backlog I'm not sure why anybody wants to use it in the first place for making payments. Whether it's an online or even retail business nobody is going to sit there and wait. It's the frustration that will kill you. Yeah, it will survive alright but will the reputation survive to bring the coin in to next level of acceptance??

I use XAPO account for my daily transactions but so for I never faced any delay payments and today also I did couple of transactions all went smooth. I think it also depends how much transaction fee you pay also because times I saw a request to pay slightly higher transaction fee for faster transactions but in XAPO I always do it at free of cost.

Yes it's started. You can watch the pile of unconfirmed transaction and optimal fee at https://www.blocktrail.com/BTC (https://www.blocktrail.com/BTC). Such things have no schedule but I don't think it will last for long and it will make no harm to BTC.

Of course, it will survive. It will be quite annoying to users though with extended delays if not careful with fees.

The controversial group behind several bitcoin ‘stress tests’ has confirmed it will push ahead with its biggest experiment to date. One more stress test would be executed at 10am Thursday (GMT) next week. Guy, we should prepare for it!

http://www.thebitcoinchannel.com/archives/47571?utm_content=buffer9d3eb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

yes, the ppl behind the test is just to show the necessity of adopting XT. As long as you include the minimum fees, the transaction will get confirmed quickly. You can check the amount of fees been paid for quick confirmation and can have a look here: https://chainquery.com/bitcoin-api/estimatefee/1

Yes. By DDOS-ing their servers at 9:00am.  ;D

Xapo manages your Bitcoin and you would never have full access to your Bitcoin if you store it there. It is also a central point of failure. In most cases, stress tests only require you to pay a slightly higher transaction fee, depending on the intensity of the attack.

If the attacker spams 0.00001BTC/kb fees transactions, you can easily pay 0.0001BTC/kb fee and you would be ranked on top. Usually, Bitcoin transactions don't even require one confirmation to be 90% safe. Most merchants take measures to ensure that double spend risk is minimized when accepting 0 conf transactions.

These stress tests are very stressful and I was unable to transfer my funds today.It took me surprisingly but thanks to know that Thursday again it will be conducted so this time I will be fully prepared to avoid any stress. ;D

We will definitely survive this stress-test, that's for sure. It will end up like this: the stress-tester will burn money just to create thousands of unconfirmed transactions. To be able to do so, he must pay a higher fee to those transactions that came first before his transactions.

Stress test will pass, and bitcoin is going to be just fine, but it sure will piss people off like it did in previous instances. I would suggest to everyone to
simply increase tx fee when sending funds while stress testing is active. I hate the fact that you need to do so, because it's quite anoying when you are
sending smaller amounts..

The stress testing will drive the price down significantly but it is not intended to kill Bitcoin.

Not everyone reads the latest news. I hate hearing all the complaints of long confirmation waits when these stress tests start. There's always people who haven't heard about them who are relying on fast confirmations of big transfers they were depending on. Stress testers put some people to a great deal of inconvenience.

I also have wondered about possible ulterior motives of such a test. Purposely trying to drive down the price could be one possibility

The only effect the stress test serves is to fill up my hard disk. BTC will survive.

It will survive, but it is rather bothering for those of us who depend on several small transactions everyday

Yes it can! After birth, till now, Bitcoin face lot of stress to stabilize.  So it will continue.

BTC have a great comunity network to long life :)

yeah, why not. the stress test attacks happened before and just affected the price for a small amount of change. i don't see why it should be any different this time.
these tests are not accomplishing anything anymore, in my opinion. they are just pissing bitcoin users off by making them wait long time for their transactions to get confirmed. and they just make miners happy with lots of miners fee

I do not see major signs of this 'stress test'. There are ~13.2k unconfirmed transactions on Blocktrail and ~3.1k on blockchain.info right now. This isn't problematic at all. I honestly think that this should not be called a 'stress test' but an attack. Test net exists for a reason (i.e. testing). If this was just a real test it should have been conducted on a test net, not on the actual network.
The network is doing fine for now.

My transactions are still going through fine.

The bitcoin stress tests planned by CoinWallet could breach UK law, a legal professional has suggested.

The claim was first posted on Reddit yesterday, with user 'btcdrak' asserting: "The Computer Misuse Act 1990 in the United Kingdom makes it an offence to deliberately cause disruption to computer systems with intent."

Eitan Jankelewitz, associate at UK law firm Sheridans, said he would tend to agree with this assessment.

The aim of these stress tests is to verify whether the bitcoin network is capable of handling a large stream of very small transactions. CoinWallet’s first test in June aimed to fill blocks with 105 BTC worth of miniscule transactions, but reached just 15% of its 200MB goal before its servers crashed.

"I’m inclined to say there is a good argument that the CoinWallet stress tests would be a breach of section 3 of the CMA 1990," Jankelewitz said.


Source: http://www.coindesk.com/bitcoin-spam-tests-could-violate-uk-law/

Bitcoin set a record on Sept. 16 2016. 256,000 transactions in one day.

https://www.coinbase.com/charts

Unfortunately, most are spam transactions.

Of course most of those are spam transactions, there's no good reason actual use would rise that much in a day. Even the current everyday use of in-blockchain transactions could be reduced by making bitcoin gambling games using blockchain transactions from bets have off-chain technologies as dice websites do. Luckybit and Satoshidice for example, started with a simple idea but are now owning the addreses with the most transactions ever.

It seems that normal transactions are not affected and the miners earn extra "dust" for their work.

But those dusts fill my hard disk space and bandwidth.

If you are afraid about it filling your HDD space, use a SPV client instead, or buy a bigger hard disk. This would be much more relevant if there is a sudden mass adoption, block size would grow bigger. Bandwidth wise, there isn't much to do. To prevent your node from relaying too much dust, you can limit the amount of free transaction and minimum fee.

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Normal transactions can be affected depending on what the fee is. Most transaction with fee of 0.0001BTC/KB could go through easily while 0.00001BTC/KB may be affected as they are ranked at the bottom.