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Title: del Post by: Jammalan the Prophet on July 03, 2017, 10:03:45 AM del
Title: Re: Finally, no more full blocks, but is this good or bad? Post by: BTCLovingDude on July 03, 2017, 10:20:48 AM this is only bad in my opinion because it proves one thing and shows a couple of more bad things.
first it proves once again that there was in fact a spam attack causing this massive backlog. and it then shows that how mining pools are ignoring the transactions with low fees and only mine those that have high enough fee for them. because if you look at the number of unconfirmed transactions during this time it never reached zero or near zero. it has always been above 5K but when there is no more high fee transactions they MUST include all the low fee and zero fee transactions. and apparently they choose not to! for example right now there is 8800 unconfirmed tx but last block picked up 1349 or 695 kB of them. p.s. there is no migrating when there is nowhere to migrate to :D Title: Re: Finally, no more full blocks, but is this good or bad? Post by: Netnox on July 03, 2017, 10:32:28 AM this is only bad in my opinion because it proves one thing and shows a couple of more bad things. first it proves once again that there was in fact a spam attack causing this massive backlog. and it then shows that how mining pools are ignoring the transactions with low fees and only mine those that have high enough fee for them. because if you look at the number of unconfirmed transactions during this time it never reached zero or near zero. it has always been above 5K but when there is no more high fee transactions they MUST include all the low fee and zero fee transactions. and apparently they choose not to! for example right now there is 8800 unconfirmed tx but last block picked up 1349 or 695 kB of them. p.s. there is no migrating when there is nowhere to migrate to :D Just proves that the miners have got too greedy and are doing things which are detrimental to the future of the Bitcoin. Transaction fee must be 100% voluntary. The miners are getting rewarded for their efforts, in the form of block reward (12.5 BTC right now). They can't ask for fixed fee from the users. And look at this one: https://blockchain.info/block/0000000000000000008d3c22afe2c44b7c503acdcbfe852d64342136bd37a087 A block of just 18KB! Title: Re: Finally, no more full blocks, but is this good or bad? Post by: stompix on July 03, 2017, 10:36:25 AM this is only bad in my opinion because it proves one thing and shows a couple of more bad things. first it proves once again that there was in fact a spam attack causing this massive backlog. and it then shows that how mining pools are ignoring the transactions with low fees and only mine those that have high enough fee for them. because if you look at the number of unconfirmed transactions during this time it never reached zero or near zero. it has always been above 5K but when there is no more high fee transactions they MUST include all the low fee and zero fee transactions. and apparently they choose not to! for example right now there is 8800 unconfirmed tx but last block picked up 1349 or 695 kB of them. p.s. there is no migrating when there is nowhere to migrate to :D Lol, I've just posted previously something in another thread about how low fees transaction can get through https://blockchain.info/en/tx/100a6ea3fa9b2595b224bbf51573161d4e8c99e32774253dbf81f2ff07ed3ffb So this really contradicts your point about miners not including 1 satoshi fee. LE. And the last block just mined https://blockchain.info/en/block/000000000000000000d70943a9ab0e2ccf3d24ac85cbe0643591208d9e3bdafa has more than 10 trasanctions with under 1 satoshi per byte. Title: Re: Finally, no more full blocks, but is this good or bad? Post by: BTCLovingDude on July 03, 2017, 11:10:58 AM -snip- Lol, I've just posted previously something in another thread about how low fees transaction can get through https://blockchain.info/en/tx/100a6ea3fa9b2595b224bbf51573161d4e8c99e32774253dbf81f2ff07ed3ffb So this really contradicts your point about miners not including 1 satoshi fee. LE. And the last block just mined https://blockchain.info/en/block/000000000000000000d70943a9ab0e2ccf3d24ac85cbe0643591208d9e3bdafa has more than 10 trasanctions with under 1 satoshi per byte. i didn't say every single miner is doing this! there are a lot of different mining pools and miners, each with a very different settings. so obviously they behave differently also. but the big mining pools such as F2Pool and Antpool and a couple of others are mainly my target. look at these two and how many "half empty" blocks they have mined. https://blockchain.info/blocks/F2Pool https://blockchain.info/blocks/AntPool now look at this for example: https://blockchain.info/blocks/GBMiners or this https://blockchain.info/blocks/BTC.TOP https://blockchain.info/block/0000000000000000008d3c22afe2c44b7c503acdcbfe852d64342136bd37a087 A block of just 18KB! it probably was an accident because they didn't verify the previous block was ~20 seconds before this. Title: Re: Finally, no more full blocks, but is this good or bad? Post by: stompix on July 03, 2017, 12:52:32 PM https://blockchain.info/en/block/00000000000000000029228a3240d762e10f4bfd3245d56fc0849e1da1ddf7cb
At the bottom I clearly see lots of transactions with 10 satoshi per byte. I'm not defending the two pools but they seem to include also low fee transactions. My previous example seems like a btc.top block. They were including also 0.5 satoshi transactions. Although this might look as a good thing to the community, isn't it encouraging spam? Include 0.5 tx and then people will start sending those tx again and we will clog the network again... Double edge sword in a way Title: Re: Finally, no more full blocks, but is this good or bad? Post by: andrew24p on August 06, 2017, 03:03:49 PM means allegations of miners spamming were probably true, which is good that it is gone, bad because it means that the amount of actual real users is probably not at the point ma ny think it is.
Title: Re: Finally, no more full blocks, but is this good or bad? Post by: BillyBobZorton on August 06, 2017, 03:12:24 PM this is only bad in my opinion because it proves one thing and shows a couple of more bad things. first it proves once again that there was in fact a spam attack causing this massive backlog. and it then shows that how mining pools are ignoring the transactions with low fees and only mine those that have high enough fee for them. because if you look at the number of unconfirmed transactions during this time it never reached zero or near zero. it has always been above 5K but when there is no more high fee transactions they MUST include all the low fee and zero fee transactions. and apparently they choose not to! for example right now there is 8800 unconfirmed tx but last block picked up 1349 or 695 kB of them. p.s. there is no migrating when there is nowhere to migrate to :D Never had a single problem by selecting the recommended fee by the Bitcoin Core full node program. The backlog was indeed due the massive spam periods by Roger Ver camp. Now that they have BCash to worry about they are too busy to keep spamming. We may have had increased sizes recently due people moving a ton of BTC into exchanges and other wallets in order to dump the BCC (BCash) for more BTC. Let's get 2MB blocksize in the future, not in 2 damn months. Please NYC participants, THINK again if you still think it's a good idea. Let's allow segwit to run for 1 year, see what happens, then consider a proper hardfork. Let's not mess with a nuclear reactor in a stupid way. Title: Re: Finally, no more full blocks, but is this good or bad? Post by: The One on August 06, 2017, 05:11:41 PM this is only bad in my opinion because it proves one thing and shows a couple of more bad things. first it proves once again that there was in fact a spam attack causing this massive backlog. and it then shows that how mining pools are ignoring the transactions with low fees and only mine those that have high enough fee for them. because if you look at the number of unconfirmed transactions during this time it never reached zero or near zero. it has always been above 5K but when there is no more high fee transactions they MUST include all the low fee and zero fee transactions. and apparently they choose not to! for example right now there is 8800 unconfirmed tx but last block picked up 1349 or 695 kB of them. p.s. there is no migrating when there is nowhere to migrate to :D The fact that miners can choose = centralisation. It is defeating the true purpose of peer-to-peer electronic cash when miners can choose not to add certain txs. Title: Re: Finally, no more full blocks, but is this good or bad? Post by: stompix on August 07, 2017, 06:24:07 PM Fees down to 120 satoshi...
http://bitcoinfees.21.co/ Average block is just 0.9 M. Price is 3400. This makes all previous statistics obsolete. |