Was there also some stress test on 16th this month? I had a transaction that got first confirmation only after about 6 hours, and was sent with standard fee.
The size of the block was 912.46875 KB, and number of unconfirmed transaction at the time ranged from 2500-3000 (+)
cheers
Yes there was something on the 16th. But no one knew if it was related to the btc price rising (235ish to 250ish) and causing more tx or it was actual testing. |
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It will be interesting to see if this stress test brings about a solution to the block size problem. Hopefully we can find a solution to ensure that the blockchain continues to function without any issues or unnecessary delays.
This test isn't really going to change anything, or bring any solutions... This is only raising awareness of a problem we already know we have, it isn't proposing anything new. It's an interesting test, but with a predictable outcome for which the solution is already in discussion for quite some time, and there is already code ready to be deployed that helps prevent a situation like this. Yes, the test is meaningless - it's an annoyance aiming at price manipulation. The solution to stop spam attacks like this is certainly not a max_blocksize increase, because even at 20x times the blocksize the resources needed to perform such an attack are still extremely small for any serious attacker. The practical solution for now is: Prioritize your transaction by sending it with an adequate fee. The general solution is: Increase fees for spam transactions, i.e. fees should rise non-linearly (maybe exponentially) for small-value transactions with big data size. ya.ya.yo! Uh.. NO. If they wanted to manipulate the price, they wouldn't have announced this; then people might start panicking not knowing who is attacking the system. That will manipulate the price. The "test", as it was originally intended, was supposed to last longer and cause a backlog for 3 days. Seems it only lasted 24 hours and the backlog is pretty much clear now. Until they release their "report" on their "findings", I'm not really sure what actually happened today. |
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Didn't take part in it, but current test made very long queue. People waited over 3 hours for 1 confirmation.
Limit of block size must be increased ASAP.
Dude, I am still waiting for a confirmation from over 7 hours ago. I sent a 551byte transaction with a 2KSat fee and I must be at the bottom of the queue or something. I see on blockchain.info that we seem to have stabilized at about 5000 unconfimred transactions but to be honest I have no idea how this compares to historical averages because it's never been an issue getting confirmations before. I think average is around 800 to 1300 unconfirmed transactions during normal situations. Maybe even less. |
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just pay another couple pennies to get your transactions confirmed in the next block.
Ahh, yes. If only those 10k unconfirmed transactions had paid higher fees they would be confirmed by now. Supply and demand would have decided which ones got including by who was willing to pay the most. Yes, but if we raised the cap slightly, miners "could" fit more transactions within a block, thus clearing this backlog. Raising your fee just places you at the top of the list. But the line is still increasing. And in theory, if that line continued for weeks, you'd pay eventually 1btc to be at the front of that line. That means that there would be 1 thousand other transactions every 10 minutes that were willing to pay 1 btc to have there transactions included as well. Yeah.. great for miners, but horrible/impossible for the average user. Thus neutering Bitcoin/bitcoin. My point is eventually the fees will continue to increase to a point that most users can not afford. Many new and average users only own way less than 0.10 btc. What happened to spreading Bitcoin throughout the world? What are all those poor people in poor states gonna do now? http://www.coindesk.com/ben-parker-bitcoin-has-potential-in-fragile-states/Tough shit for them, I guess, eh? Edit: spelled neutering wrong |
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just pay another couple pennies to get your transactions confirmed in the next block.
Ahh, yes. If only those 10k unconfirmed transactions had paid higher fees they would be confirmed by now. Supply and demand would have decided which ones got including by who was willing to pay the most. Yes, but if we raised the cap slightly, miners "could" fit more transactions within a block, thus clearing this backlog. Raising your fee just places you at the top of the list line/queue. But the line is still increasing. And in theory, if that line continued for weeks, you'd pay eventually 1btc to be at the front of that line. Edit: changed list to line/queue |
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I had to wait an hour and a half for the 1st confirmation earlier which was a bit irritating till i found this thread , but it wasn't really a problem.
I hope someone learned something useful out of this.
I learned that we need bigger blocks literally now. My transaction is still unconfirmed after 3 hours lol. For curious sake, how much did you pay in fee? Current unconfirmed is 11000. |
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Here is a good site to watch the memepool as a graph, on the right hand side. Dark Blue are unconfirmed transactions that are old and "were received since the confirmation of the last block". Light Blue are unconfirmed transactions that are new and "were received since the confirmation of the last block". You can also see how much the miners are adding into the blocks, when found. https://tradeblock.com/blockchain/ |
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Currently, the average fee for next block seems to float around 0.0003.
good, normal fee is 0,00001 BTC usually ... and 0,0001 BTC in 2014.  (android wallet) Well... now current fee is 0.00053, for next block (in theory). Seems they started again after stopping for 2.5 hours. |
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Wow, these guys were spot on with this test.  I wonder if $500K in BTC was set aside. Just normal calculation would tell me transactions would take days! If not weeks. This is a serious problem. According to the original calculation they provided, the unconfirmed tx should be around 55MB by now. Currently, it is only around 8MB, which is not that bad. Miners seem to be chomping away fine. So the stress testers either stopped or it was a scam to manipulate something unknown at this time (double spends?). Currently, this only effects users who did not set a higher fee, to get into next block. Currently, the average fee for next block seems to float around 0.0003. |
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PM'd
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According to this, and projecting to 24:00 GMT, that could be a fee of 0.0065 to get into the next block. That is about $1.30 per transaction during a time of load like 130mb backlog. ....By 24:00 GMT Monday June 22nd, the mempool of standard fee transactions will be 130mb ....
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old brick phone (nokia or some old sony ericcson) + prepayed SIM card = no trace.
dreams is only for ... bankster.
pay the price.
buy bitcoins.
get smart after fail.
I don't think you understand how significant getting this Macbook back would be, and I found out that its a Galaxy Note4, doesnt that require a regular service provider, not able to use a TRACFONE or what not.... I will give 15% of the total BTC which would equate to potentially near 15-20k, I will even sign a private investigation promissory note to ensure the person helping will get a payout. You are going to need a uber-leet haxor. I don't believe that a private investigator can get cellular subscriber information legally. I got a random idea, don't know if it will work or not. Probably not. Can you spoof the number online, to call your number, to get the caller id information? Might trick the phone system into thinking it is him calling you and provide the ID data. You have caller ID? |
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I don't really get this. You mean that your Macbook (which has your BTC info inside) got stolen, then it got sold to someone else, and you found the phone of the buyer? How did you find his phone?
...
He said it was on Craigslist. People on there give out their phone numbers to meet people locally in parking lots (and usually get robbed). I assume he found the number, since the buyer posted it, on the ad on Craigslist. The number that you found, was it a cell phone or landline? |
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I love all the "WHY CANT U DO THIS ON TESTNET YOU JERKS!" messages.
Can you imagine if an organization who hated Bitcoin like the big banks, a government, or mastercard spent cash to clog up the bitcoin network for weeks? You think they'd care that you called them mean names?
They are paying the necessary fees to use the network, even if you consider it spam. Welcome to the free market.
You think that is free market? To flood the network for maybe a 3 day backlog of unconfirmed transactions? Yeah, you are right. Lets also charge billions of penny transactions/per second through the visa/mastercard system and when they shut it down and freeze it due to fraud and ddos, we'll just shake our fist and be like "hey yous.. free market guyz". |
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Ok, i have another question, what is my public key? is it my address?
Affirmative. Twister is correct. My understanding is that the Private key creates the Public key. The Public key is then reformatted to a small set of characters to create the Address. So the Public key is basically your Address. The below link is a advanced technical picture of how the public key is reformatted to an address. Just for visual steps purposes. (I don't really totally understand it, lol) https://en.bitcoin.it/w/images/en/9/9b/PubKeyToAddr.png |
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When i add a new wallet to my blockchain, they just give me an address, they just give me another address, they dont give me the private key for it, if i lose my identifier and i cant login to blockchain,how do I get back my money? can i use the private key of the original address and import the details to another client?
If you are looking for your private keys in the blockchain.info wallet.Log into your blockchain.info account. Near the top, click import/export. Click that you understand. On the left hand side, click on Export Unencrypted. Under the drop down box: Select private key format, select Bitcoin-Qt Format. Within the file, are all your addresses and their corresponding private keys. Hope this helps. Thanks bro, this helped, i thought blockchain didnt give out private keys for additional addresses, now if i post me private key, can someone steal all my money? Yes. lol. Do not post your private key(s) on this forum or any website. Anyone that has your private key can steal the bitcoins within that address. Your private key is only for you to know. Keep it safe and secure. Additionally, you should read up more and educate your self on Bitcoin/bitcoin, before you move a lot of money around. It's always a sad day when users lose or have their bitcoins stolen. |
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looks pretty complicated... 
