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Title: Strange transactions? Post by: Anth0n on April 26, 2011, 10:57:58 PM I'm viewing the Bitcoin Monitor (http://bitcoinmonitor.com/) and as of now there is a huge horizontal line representing numerous transactions around 42 BTC. What's going on?
Title: Re: Strange transactions? Post by: Sief on April 26, 2011, 11:01:39 PM They've all got a transaction fee attached to them, so I'm guessing somebody is trying to flood the network with transactions that will be prioritised to slow it down for the rest of us...
EDIT: He's losing 0.03 for every transaction, and the last transaction was at about 40 BTC, so only 1333 transactions to go. Title: Re: Strange transactions? Post by: vuce on April 26, 2011, 11:08:09 PM They've all got a transaction fee attached to them, so I'm guessing somebody is trying to flood the network with transactions that will be prioritised to slow it down for the rest of us... EDIT: He's losing 0.03 for every transaction, and the last transaction was at about 40 BTC, so only 1333 transactions to go. transaction fee does not have any affect on processing speed (yet). Title: Re: Strange transactions? Post by: Raulo on April 26, 2011, 11:09:39 PM There is no transaction fee attached to these spamming transactions. If it had been, the whole chain of transactions would have been cleared in one thick and tasty block and a miner would have gotten a large fee. It's a regular spam that is very low priority and should not slow down anything important.
Title: Re: Strange transactions? Post by: Garrett Burgwardt on April 26, 2011, 11:11:06 PM They've all got a transaction fee attached to them, so I'm guessing somebody is trying to flood the network with transactions that will be prioritised to slow it down for the rest of us... EDIT: He's losing 0.03 for every transaction, and the last transaction was at about 40 BTC, so only 1333 transactions to go. transaction fee does not have any affect on processing speed (yet). It does, in high volume situations. This person seems to be trying to DOS the network with whatever BTC he has by generating a large amount of 'spam' transactions. Once the blocks fill with high value transactions from him, there would be no more room for free transactions. There is no transaction fee attached to these spamming transactions. If it had been, the whole chain of transactions would have been cleared in one thick and tasty block and a miner would have gotten a large fee. It's a regular spam that is very low priority and should not slow down anything important. Yes there is, .03 btc per tx Title: Re: Strange transactions? Post by: vuce on April 26, 2011, 11:16:41 PM It does, in high volume situations. I thought this wasn't yet implemented, but I may have been mistaken.Title: Re: Strange transactions? Post by: Raulo on April 26, 2011, 11:17:35 PM Yes there is, .03 btc per tx There is NOT. The 0.03 BTC goes to this address http://blockexplorer.com/address/13sUHUW8G23BLQEKFwVMf5cKUkiSuFK8XC Title: Re: Strange transactions? Post by: Sief on April 26, 2011, 11:24:52 PM Yes there is, .03 btc per tx There is NOT. The 0.03 BTC goes to this address http://blockexplorer.com/address/13sUHUW8G23BLQEKFwVMf5cKUkiSuFK8XC So what does it mean when a transaction blip on the bitcoin monitor is explained by two smaller amounts in brackets? I thought it'd be quite obvious it indicated the transaction fee, but I'm obviously missing something... ??? Title: Re: Strange transactions? Post by: randomguy7 on April 26, 2011, 11:35:13 PM He's flooding with 0.03 BTC, the other value is his 'change' (0.03 is constant, the other value is decreasing).
Title: Re: Strange transactions? Post by: vuce on April 26, 2011, 11:35:23 PM Yes there is, .03 btc per tx There is NOT. The 0.03 BTC goes to this address http://blockexplorer.com/address/13sUHUW8G23BLQEKFwVMf5cKUkiSuFK8XC So what does it mean when a transaction blip on the bitcoin monitor is explained by two smaller amounts in brackets? I thought it'd be quite obvious it indicated the transaction fee, but I'm obviously missing something... ??? Title: Re: Strange transactions? Post by: ByteCoin on April 26, 2011, 11:48:15 PM The to address 13sUHUW8G23BLQEKFwVMf5cKUkiSuFK8XC seems to be occurring at a rate of about 2 per minute. This increases the size of the block chain at a rate of at least 256MB per year.
One partial solution which would have few adverse repercussions on legitimate transactions would be for clients only to relay transactions which refer to previous transactions which have been incorporated in a block. ByteCoin Title: Re: Strange transactions? Post by: MoonShadow on April 27, 2011, 03:35:54 AM Did you guys ever consider that it's just some guy trying to break up his coins into change?
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