As an update, I dont think this is a problem at my side. I enabled notifications via Skype too and they arent coming through either.

Darn you BlockChain!

Hi Betek, this has been explained before;

"Repayments are automated every 5 minutes, transactions are prioritised on a first come first serve basis. To reduce any backlog in payments, deposits which exceed our current wallet balance are skipped until sufficient funds are available."


1JZsVCLiwLQoGZwSM7eNf1Rb1VX651rA6n
3x transactions. 2x paid, 1x pending

1EvejYAgqdFnaGUYDkKkPoLotvpB6MapiH
1x transaction. 1x pending

15Nevs8SpTxCg2q53XFABH6Rob3ghJHJG6
1x transaction. 1x pending

1Btj5Vm5QLwZ5xvVJVRGdr2VMfn7txeaxf
1x transaction. 1x pending

1EhxrTcRHyFd2LFwbVwHqvhsEx8Fz9EaTA
17x transactions. 16x paid, 1x pending.


Fantastic.

I'm currently working on the BlockChain HTTP Call Back, until then deposits are having to be marked as confirmed in the DB manually. Once this is fixed, I'll increase the payout to 150%

I've reduced your deposit to 0.8 BTC in the database meaning when the script comes to repay it at 125% you will get 1 BTC back.

Thanks!

Hi Tonino,

Repayments are processed by date order (first come first serve), as the script checks each deposit in date order, if there is insufficient funds in the wallet to service a repayment, that deposit is skipped on that round. This is to keep the repayments flowing and encourage players to reinvest.

From the details I have I cant say what has happened to your specific deposits, and why, if they took longer than others, to process. Can you send me your address and I'll check for you.

In other news, all older payments have cleared, and a new payment has been generated; https://blockchain.info/tx/4b45448ecbaccf3398def56a98d8d099decb8f2a9e43868e44a9411934868183


Sure, I'll change that for you now.


Glen, can you send me a list of transaction IDs for deposits you think have been missed and I will check those for you.


Great to hear transactions are starting to confirm, I would recommend waiting until I increase the payout to 150%

Hi Tonino,

As you're aware we have had massive problems with unconfirmed transactions, this has snow balled by players reinvesting these coins, until the wallet essentially ran out of confirmed coins.

Your payout was wrapped up in these transactions.

These problematic transactions are now starting to confirm, starting with the oldest first, until they all catch up, this is something out of my control, however increasing the transaction fee may well have stopped this (this has now been fixed in the code).

I'm extremely sorry for the delay, its as embarrassing for me as it is annoying for you. Hopefully the transactions will catch up quickly, when I will increase the pay out as a way of apologising for these problems.


Yes, but that will mean you might be waiting longer for your payout as additional coins need to be collected. If you would prefer to be paid out @1.25 let me know.

Hello everyone, I wondered if someone would be able to lend a hand with a problem I'm facing with BlockChain's HTTP Notification settings.

I am trying to set up a callback for all coins received, so I have the following settings in the Notifications section of my wallet;

URL: http://bitvestment.co.vu/callback.php?secret=xxxxxxxxxxxxxxx
When My Wallet: Receives BitCoins
After Confirmations: 1

Checking the above URL manually returns as expected, however I dont see any requests in the apache logs from BlockChain themselves confirming any notifications...

Is this an ongoing problem, or can anyone point out what is going wrong?

Thanks!

You are more than welcome to put coins in, however these will not be repaid until all previous transactions have been confirmed.

Once all transactions have been confirmed, I will increase the payout to 150% as some sort of compensation for today's mess, so I'd recommend you wait for that

Hey guys, thanks for sticking around.

I've been busy making improvements to the code, so you may have seen some odd behaviour on the site over the past couple of hours whilst I've been doing this!

The changes basically include;

• Strictly ensuring all deposits have been confirmed before including them in any payouts
• Running repayment rounds enforcing the wallet's confirmed balance only
• Increasing transaction fees so future payments will be much quicker

Current problems;

• BlockChain HTTP Callback Notification isn’t sending requests to the server (so deposits are having to be manually confirmed in the DB currently). I'm looking at this now.
• Earlier transactions still unconfirmed, causing a snowball affect on more recent deposits\payouts

I appreciate the past few hours have been pretty shitty, and hope the earliest unconfirmed transaction will soon be confirmed. Once this happens it should have a ripple effect on all other unconfirmed transactions freeing up everyones coin's.

As a thank you for sticking around, I'll be increasing the return to 150% for 48 hours once these problems are all resolved.

Thanks again for sticking around guys, and sorry for such terrible delays - there are always some teething problems with new code and unfortunately this was quite a big one, you can be sure it wont happen again!

Sorry guys, you can be sure this wont happen again. The script has been changed to specifically set a high TX fee, meaning all future transactions should clear FAR quicker. Sorry for the delays.


The script has been paused for now until the previous transaction have cleared. Generating more transactions will likely snowball the current problem, which nobody wants.

If you would prefer a manually pay out, that can of course be done.

NOTE: I'm going to be offline for the next 3-4 hours but will be back on later today to provide an update.

Again, sorry for the delay.

Thanks Glen, I am most certainly looking into ways to dynamically calculate transaction fees, but from what I have been reading, it isnt the simplest thing to do


Glad you're happier, Betek. As soon as we get going again we'll do our best to return your 1.2BTC

Already done;



I didnt want to set a fixed fee for any size transaction, but better that then the current problems!

Improvements have been put in place following this, transaction fees have always been paid, although I'm not 100% how they are calculated. I assumed it would be through the settings in the BlockChain account, however it appears whether you specify "frugal", "normal", or "generous", it still only pays 0.0001. As such I have now changed the script to specify a higher fee (0.001) to hopefully make future payments quicker.

Hold on in there, as soon as these older transactions have cleared we should be good to go again.

New pending payment page, address and deposits listed in priority order; http://bitvestment.co.vu/pending.php


Thanks bitcoininformation. The script currently works on confirmed balances only;


So we shouldn’t see this problem in the future.


Thanks GlenPl, as soon as https://blockchain.info/tx/2ab55b583f7b1064060622e17f13c06b47dc11b0f9df3cd0439a0e8d4bb7dc3f has confirmed, we should see the other unconfirmed transactions soon follow.

Sorry for the hold up!

Nothing is lost, that is the nature of a Ponzi game. As soon as the outstanding transactions are confirmed, other players will be repayed and hopefully, with the improvements I have just made to the code, they will reinvest too. Of course, as ever with a Ponzi game, you're return is entirely dependant on other investors.

Once I've finished working on this, I will generate a new table on the site showing pending repayments and their current priority.

Hi Betek, I'm still here and dont worry, I arent going anywhere. We have a few problems at the moment, but as soon as this TX has confirmed (https://blockchain.info/tx/2ab55b583f7b1064060622e17f13c06b47dc11b0f9df3cd0439a0e8d4bb7dc3f) we should be back to normal.

Sorry for the slow down, we're working hard to ensure this doesnt happen again.

For those interested, this appears to be the problematic transaction holding things up;

https://blockchain.info/tx/2ab55b583f7b1064060622e17f13c06b47dc11b0f9df3cd0439a0e8d4bb7dc3f

I assume what has happened is;
1) Transaction fee too low, taking an age to confirm
2) Recipients have reinvested their (unconfirmed) share of the above transaction
3) Future payouts have used the above unconfirmed coins in future transactions
...
Rinse and repeat.

I have increased the TX fee option to "generous" which will hopefully stop this in the future and altered the payment logic somewhat to try only use confirmed coins in future payouts.

Sorry for the slow down guys, we should be back in business soon!!

I'm glad you're enjoying the game

The delay was probably caused by the above problems. Once the older transactions confirm, it should have a knock on affect to subsequent deposits which are still waiting to be confirmed too and we'll be able to pay out.

It's just a waiting game, but please rest assured that the payout script is still running every 5 minutes, and will process payments as soon as these older funds have confirmed.

Great news!

There are a couple of old deposits which are yet to confirm and were sent out in payments, so those entire transactions are still pending. Hopefully they will clear soon.

I am working on some logic to try ensure this doesnt happen again

Absolutely, this was never intentional, as mentioned we hoped to be the longest serving ponzi game, and hopefully we still can. Where possible, I am manually paying out the oldest deposits with the remaining wallet balance, and as soon as the older transactions start to clear, hopefully we will have a cause to the above.

Sorry again guys, hopefully it's a quick fix!

The problem seems to be caused by the input coins still being unconfirmed;

https://blockchain.info/tx/b1bd2b8360759094533272de488b44fd64eb3d83f5d1d9ddb6e1565baa1ef362

I'm looking into this, but I'm unsure as to how I specify via the BlockChain API to only send confirmed coins. There doesnt seem to be that option in their documentation which is strange.

This has snowballed now causing payouts to stop as there are a limited number of "confirmed" coins left in the wallet.

Note: I've also increased the TX fee from "normal" to "generous" for future TXs

Sorry about this guys, there are always teething trouble in something new, I'll keep everyone informed of my progress!