Bitcoin Forum

http://motherboard.vice.com/read/great-job-everyone-bitcoiners-are-ddosing-bitcoin

The number of backlogged transactions is currently above 90,000 and climbing, and the size of the “memory pool,” the database that stores them, is shooting past 150MB. It usually sits below 10. On the Bitcointalk forum, where much of today’s action is going down, users are reporting that their Bitcoin clients are crashing when they try to collect the coins.

https://blockchain.info/unconfirmed-transactions

Here is a better view...look at 7 days "Recent Mempool"  

https://tradeblock.com/bitcoin

Coinwallet changed the strategy for their attack, but it's still working.  This is really bad for bitcoin and for the price.

I think I will sell some of my BTC and buy it back for a lower price after this attack.  We bounced so hard and due for a pullback anyway and once news of this attack spreads, it will force the price down lower.  Might as well sell now and buy back even more BTC afterwards...the safer strategy.

More than 9000+, that is just what Blockchain.info is reporting.

https://i.imgur.com/7OZmfu8.png

The backlog, according to tradeblock.com:
85,687 pending tx
155.75MB mempool size

For the record, during the last spam tests/attack, btc prices when up.

There hasn't been a spam attack like this in the past and it forces down the price for obvious reasons.

Well all is in our handy, no? People just need to turn off the greed and stop trying collecting those free coins! I haven't even tried or thought about trying. Why would I be pulling out the chair on which I sit on, I don't get it.

People just give it up and stop trying!!!

What do you mean that there hasn't been a spam attack like this? The last spam attack was sending dust to the brainwallet for cat which people were trying to claim. The attack before it was pretty bad. I'm fairly certain that all three of these attacks are run by the same people.

I think CoinWallet knew exactly what they were doing.

This whole thing about stopping the attack and giving away the coins instead is nothing but a smokescreen for a very planned and executed attack.

How long do you guys think its going to take to clear out that backlog?

It's not affecting the price at all really, just let them carry on with their pathetic self promoting spam attack.

Unconfirmed transactions now above 23,000 according to blockchain.info which is the highest I think I've seen it - https://blockchain.info/unconfirmed-transactions

Meanwhile, there are not even full blocks mined.

Either that or just try to spend all the funds on fees once and for all...


The usual ::)

coinwallet is scammers and a very shady company. I don't know what they what to prove with this but i am sure that they have break forever their reputation.

That we stand zero chance of even 1% of the population using BTC at the moment as this would happen...

It also proves BTC can have a massive backlog...

They are more so proving a point.

its not hurting as of yet.  The thing about this "test" is it COULD cause a panic if something happens to go wrong.

As weak as the buy support is right now, I wouldnt be surprised if the slightest hiccup makes people panic sell.  Price probably can go back down to where it was 2 weeks ago ($210 range) maybe lower.

Another reason I think the slightest hiccup could cause panic selling is that the whole xt debate is still ongoing, cause instability within the small btc community, possibly making it even smaller and more fragmented

But I don't think none of this will happen. Why? Well this is a 10th stress test already in a short period of time. What's the point of having this 10th stress test? After like 2nd, we knew that we do need bigger blocks, so point was proven even then. People are not falling into despair anymore that easy.

Then yes, XT fork situation is not over yet but their nodes are stagnant, they are not increasing. Also people are waiting for the next 2 workshops, at least the 1st in Montreal to judge what should they do. If we get good news from Montreal, we might leave behind $200 forever. If the news are to be bad we might retest this $200.

Just my 2 cents!

Just wondering how long these can last. Everytime they want to carry test they will need funding. Where does the free money comes from and for what purpose for all these remains a question.

Some think the purpose for these tests is the agenda of people involved in the XT fork situation. There are players in the Bitcoin economy with money to burn, and they might be using the tests to force through bigger blocks because it suits their agenda. Coinwallet.eu said their stress testing days are over, then announced this giveaway that's spamming the network exactly the same as a stress test does. What worries me is if they announce further similar giveaways in the future that spam the network worse than this one.

they are using their own money. the keys have a lot of inputs from the previous test, they aren't really spending alot

Clever in its own way, but ultimately the biggest fucking waste of 200 btc I've seen in a while.

https://i.imgur.com/3g9wDcT.jpg?1

But the core developers should do something because with this tps Bitcoin going major won't be happening easy.

There are definitely someone or a group of people behind this, that knew the inner workings of Bitcoin and what would cause it to crash 'n burn. The timing for this attack is

even more sinister. I presume that this is only a front company for a group of people who might be out to hurt Bitcoin or it's image. We know very little about them and they

are not saying much, so it's open for discussion. In my opinion nobody with a long term vision for their company, would attack Bitcoin and think people would be cool with that.

They are hurting the community by doing this, and they could care less.  >:(   

Blocksize limit is not what is limiting the block size.

The whole blocksize debate is about as useful as counting angels on a pinhead, without the propagation & orphans risk fixed, thrifty pool operators will not fill blocks, they just have very limited incentive to do so as total fees are still small compared to the risk of getting orphaned and losing the whole block reward.

If Bitcoin wants to be a global fintech solution, it needs to be way more awesome than it is now.  It needs to be seriously more robust so that a a small group with limited resources can't mess it up so badly.  Seriously, Bitcoin is pretty fragile.  Imagine what a major bank, or a country could do to Bitcoin if it wanted to hurt the network. 

If Bitcoin is going to be awesome, it really is going to need to man up more than this. 

I for one want Bitcoin to succeed and see this stress test not as an attack, but as a nice little check telling the community to get its act together.  Eat a little bit of humble pie and get back to work making a product that isn't fragile.

Till the end of September. Or longer.

And that describes the problem very well.  Miners are being encouraged to not process transactions.  What kind of network, encourages the people that process the transactions to not process them?  It is a very poorly designed system.   Some changes need to be included in the code where miners would want to have full blocks and not empty.  There was a proposal a while back by Gavin which would actually encourage full blocks to propagate faster verses empty ones, thus encouraging the people that process transactions to.... you know... actually process transactions, but apparently people don't like Gavin's ideas to make Bitcoin work.

I set bid order at $152, let's see if I get it filled.

it is a scam-company. dont use their service.

but i have no problem with this spam.

Why is it a scam-company?

But i have one transaction keep on unconfirmed for more than 10 hours...

Doesn't seem to be affecting anyone accept people who are using very low fees.  All of my transactions have been going in minutes.  And the price is steadily going sideways.  Not sure what you are talking about.

If you're not stingy with the tx fees, it goes through fine.

one of my transaction hasnt been confirmed yet, its been 5+ hours. what happens if it doesnt confirm, does it get refunded back to the sending address

Sent a transaction a little earlier and doubled up on the normal fee and it went through without any problems.

It won't be refunded, you have to do a "doublespending" if you want to resend it with higher fee. For doublespending you must use the same input(s).

I don't believe this is about self promotion at all. They are clearly a non-existent company (in fact, criminal, considering they allow you to send them cash and bitcoin without providing the stated services/providing a way to recover your money).

Most likely, they are invested in the prospect of increasing block size, and are using this effort as a way to panic the community into a hard fork that does so. Less likely, they are a group of miners that is profiting from inflated fees (but this is a highly speculative proposition that would require significant hashing power invested and therefore very unlikely).

Yet another attack on btc last time ,how many will be more ,it is noot only people,bots are doing his works
And you know people are just a people,post that kind of fake giveaway in poor countrys wher every dollar count
in fact it is crime

Criminal for not babysitting you? Or you call "criminal" everything that few guys in govt labeled as "criminal"?

What? They are, in effect, stealing any money that is sent to them. Go ahead: load their website, assume their promises to credit any cash that you send them in a mail (yes, they provide an address for cash-in-mail), and see what happens when you send it. You will simply have your money stolen.

What are you talking about? If you are endorsing the act of theft, then agree to disagree.

If they do steal then it changes everything, I got confused by your "providing a way to recover your money" because it's side-effect of majority anonymous money transfer schemes.

Over 30,000 unconfirmed transactions now according to blockchain.info - https://blockchain.info/unconfirmed-transactions

This is disgraceful behaviour by Coinwallet to be honest, as a bitcoin company it is negligent to engage in such behaviour attacking the network.

This is definitely the highest number of unconfirmed transactions I can remember seeing even more than previous stress tests spam attacks.


I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).

It's only few days passed, 2+ weeks ahead.

Seeing as coinwallet.eu see it as acceptable to spam the network again for no reason, I'm sure they'll be fine with being spammed themselves:

info@coinwallet.eu

or

https://www.coinwallet.eu/contact

Feel free to contact them with as much spam as you feel appropriate. You can also let your feelings be heard by leaving some kind of trust statement on their profile for everyone to read  ;)

https://bitcointalk.org/index.php?action=trust;u=553487

Knock yourselves out.

Their attack is mild so far. I do not see lots of members asking for help during the last attack. May be users are cleverer this time, or coinwallet want to start off mild and escalate toward the end of the attack. I say we are prepared for this. They can burn their bitcoin in transaction fee or giveaway free dust amounts. They cannot bring the bitcoin network down.

oh god, are they actually going to do this for 2more weeks?.  :'(

Just kick back and enjoy it. I'm certainly not fretting. People need to learn at some point that the fee paid in an incentive-based system is not static. If you get a transaction stuck once, it shouldn't happen again.

i didnt know about the test and sent a 0.1btc tx to my paper wallet and have no idea how to recover it. :(

i did some googling and found that some clients just make the disappear from the pool, and ill have to send it again, is that correct?

XT wannabe's doing this. Thing is it's not affecting price. why would you sell because of it? muppets cream for FUD

If you send it again then you may get a double payment. The only way to do it once is to use the same input(s).

i cant send it again though, im using the ios bither app and its taken the 0.1 from my balance.

They're trying to overheat my miner? Blades running at 71°F and 77°F, a 10°F jump in temperature and I'm also seeing intermittent bitcoind connectivity issues.

This feels more like an attempted denial of service attack on my computer than a test.

https://i.imgur.com/sQMqh42.png

You can see it just drops off completely for short periods, the miner doesn't like this.

I agree with this sentiment. I mean the fees are already lower than anything else out there. Visa charges you indirectly via merchant fees (higher prices) around 3% to use your charge or debit card. People complaining about going from 5 cents to a dime, or even a quarter, really? The only time it would be an issue is with really small purchases, but for comparison a $5.00 charge card purchase ends up costing you $0.15 too. But a $100 cc purchase is $3.00 versus BTC's 15 or 25 cent fee.

Couldn't agree more. In my opinion for Bitcoin to stay healthy in the longterm we need a working fee market - and that means higher fees in general to mitigate spam and provide sufficient mining incentive after the block rewards have dropped.

Of course this won't be the end of small transactions. These transactions will be more efficiently (faster and cheaper) channeled through sidechains and finally settled on the main chain. That's the only reasonable way to scale Bitcoin without giving up decentralization.

I did not experience any usage problems during the spam attack yet, since I do not initiate sub-0.01-transactions and pay proper fees.

ya.ya.yo!

That's what it is. I don't think anybody agreed to this test.

The temperature of one blade is now 85°F and bitcoind connectivity is almost completely gone.

So am I like the bad guy here? Is this why I'm being attacked?

Edit:

I've restored bitcoind connectivity by raising the minimum transaction fee to 0.0005 BTC and cooled the miner to 71°F by dropping its frequency.