What's going up with this address!!

[jackie1234]

Hey guys. I've found a private key that matches with a Bitcoin address with funds that I do not own. It is the result to use the passphrase "Bitcoin" in the Brainwallet address generator. The private key is 5KBZytdkzttdedEB7xLom6YnHRCVTNQPUrJiTDJKS7VJUbiX6Di, and the address is 1Q7zx6cUVXDZpAJHgPQwbbZUfTKFFuEV6z.
I've tried to import this key into several wallets, but none of those is able to load the available amount of Bitcoins, so I can't spend them. If you check it in the Blockchain what you find out is that it is full of unconfirmed transactions of 0.00001 BTC. Later on I found this same key in a post talking about spam. Could you tell me what's going on with it? Just curious.

https://brainwallet.org/
http://blockchain.info/address/1Q7zx6cUVXDZpAJHgPQwbbZUfTKFFuEV6z

By the way, as this Bitcoins do not belong to me I am not interested in keeping them. I only want to try the Bitcoin system. I guess that posting the private address is a good proof of it.

[jeffthebaker]

Someone has been spamming the blockchain by constantly sending minimum sized transactions to several dozen simple brainwallets (others include dog and cat) for about a week now. This is one of the wallets he/she is sending money to and fro.

[shorena]

Hey guys. I've found a private key that matches with a Bitcoin address with funds that I do not own. It is the result to use the passphrase "Bitcoin" in the Brainwallet address generator. The private key is 5KBZytdkzttdedEB7xLom6YnHRCVTNQPUrJiTDJKS7VJUbiX6Di, and the address is 1Q7zx6cUVXDZpAJHgPQwbbZUfTKFFuEV6z.
I've tried to import this key into several wallets, but none of those is able to load the available amount of Bitcoins, so I can't spend them. If you check it in the Blockchain what you find out is that it is full of unconfirmed transactions of 0.00001 BTC. Later on I found this same key in a post talking about spam. Could you tell me what's going on with it? Just curious.

https://brainwallet.org/
http://blockchain.info/address/1Q7zx6cUVXDZpAJHgPQwbbZUfTKFFuEV6z

By the way, as this Bitcoins do not belong to me I am not interested in keeping them. I only want to try the Bitcoin system. I guess that posting the private address is a good proof of it.

There is a currently a spam attack on the network. While we "normaly" have up to 6000 transactions waiting for a confirmation durring prime time, we now have over 60k transactions waiting for a confirmation constantly, at least for the last week. The private key you (and others) found was used in the spam attack, among ~100 other keys and possibly more I dont know about. The funds that are associated with those private keys are of 1000 satoshi each.

Now if you want create a bitcoin transaction it consists of inputs which refer to a previously received transaction. In this case you would refer to those 1000 satoshi transactions (~450k have been confirmed a few days ago) that have been received in the past. Each input uses ~180 bytes and the fee one would normaly use is 10,000 satoshi per 1000 byte. As you can easily see you can only use 5 inputs of 1000 satoshi each if you want to stay below 1000 bytes. 5000 satoshi however is considered a low fee and you would not even send any coins anywhere. Thats why these are next to impossible to spend. Some big mining pool is currently working on a clean up AFAIK as they can just put their own TX into their own block. Everyone else cant really do much about this as paying a higher fee would require you to use more inputs which in turn increases the size which again requires a higher fee to have a chance to get a confirmation under the current circumstances.

[wadili89]

i have seen people doing advertising like this sending 0.00001 BTC to random addresses with their message on the wallet so everyone will check the transaction and also read the message and the sender get the publicity but this address you showed above is not doing this he is doing spam on bitcoin network

[ausbit]

i have seen people doing advertising like this sending 0.00001 BTC to random addresses with their message on the wallet so everyone will check the transaction and also read the message and the sender get the publicity but this address you showed above is not doing this he is doing spam on bitcoin network

I've had a few of these in the past, only ever to my blochchain wallet i have noticed.
I never use this wallet anymore but still check it from time to time and find a tx for 0.00001 with some spam advertising.

They are just wasting there money and our time.

[oblivi]

i have seen people doing advertising like this sending 0.00001 BTC to random addresses with their message on the wallet so everyone will check the transaction and also read the message and the sender get the publicity but this address you showed above is not doing this he is doing spam on bitcoin network

I've had a few of these in the past, only ever to my blochchain wallet i have noticed.
I never use this wallet anymore but still check it from time to time and find a tx for 0.00001 with some spam advertising.

They are just wasting there money and our time.

I remember the "Laxo Trade" spam for something like 0.00001. At first it was very strange, no one knew what it was about, then we realized the comment that said "Laxo Trade" was just an advertisement for some sort of exchange or service. Since then, blockchain-based advertisement was born.

[ausbit]

i have seen people doing advertising like this sending 0.00001 BTC to random addresses with their message on the wallet so everyone will check the transaction and also read the message and the sender get the publicity but this address you showed above is not doing this he is doing spam on bitcoin network

I've had a few of these in the past, only ever to my blochchain wallet i have noticed.
I never use this wallet anymore but still check it from time to time and find a tx for 0.00001 with some spam advertising.

They are just wasting there money and our time.

I remember the "Laxo Trade" spam for something like 0.00001. At first it was very strange, no one knew what it was about, then we realized the comment that said "Laxo Trade" was just an advertisement for some sort of exchange or service. Since then, blockchain-based advertisement was born.

That's right i couldn't think of the name.
I received about 5-10 transactions from them with the same tx header.

There was thread here on BCT about it when it was all happening.

[wadili89]

i have seen people doing advertising like this sending 0.00001 BTC to random addresses with their message on the wallet so everyone will check the transaction and also read the message and the sender get the publicity but this address you showed above is not doing this he is doing spam on bitcoin network

I've had a few of these in the past, only ever to my blochchain wallet i have noticed.
I never use this wallet anymore but still check it from time to time and find a tx for 0.00001 with some spam advertising.

They are just wasting there money and our time.

bealive it to not this kind of advertisment is still advertisment i still remember of a name which used to came with these kind of transactions i even once visited their website for the sake of curiosity that who are they and what they are trying to do and they are not wasting alot of money like if you caluclate they send 10k payments for just 0.1 BTC and if 1k of them visit them its still a win

[ShetKid]

Hey guys. I've found a private key that matches with a Bitcoin address with funds that I do not own. It is the result to use the passphrase "Bitcoin" in the Brainwallet address generator. The private key is 5KBZytdkzttdedEB7xLom6YnHRCVTNQPUrJiTDJKS7VJUbiX6Di, and the address is 1Q7zx6cUVXDZpAJHgPQwbbZUfTKFFuEV6z.
I've tried to import this key into several wallets, but none of those is able to load the available amount of Bitcoins, so I can't spend them. If you check it in the Blockchain what you find out is that it is full of unconfirmed transactions of 0.00001 BTC. Later on I found this same key in a post talking about spam. Could you tell me what's going on with it? Just curious.

https://brainwallet.org/
http://blockchain.info/address/1Q7zx6cUVXDZpAJHgPQwbbZUfTKFFuEV6z

By the way, as this Bitcoins do not belong to me I am not interested in keeping them. I only want to try the Bitcoin system. I guess that posting the private address is a good proof of it.

There is a currently a spam attack on the network. While we "normaly" have up to 6000 transactions waiting for a confirmation durring prime time, we now have over 60k transactions waiting for a confirmation constantly, at least for the last week. The private key you (and others) found was used in the spam attack, among ~100 other keys and possibly more I dont know about. The funds that are associated with those private keys are of 1000 satoshi each.

Now if you want create a bitcoin transaction it consists of inputs which refer to a previously received transaction. In this case you would refer to those 1000 satoshi transactions (~450k have been confirmed a few days ago) that have been received in the past. Each input uses ~180 bytes and the fee one would normaly use is 10,000 satoshi per 1000 byte. As you can easily see you can only use 5 inputs of 1000 satoshi each if you want to stay below 1000 bytes. 5000 satoshi however is considered a low fee and you would not even send any coins anywhere. Thats why these are next to impossible to spend. Some big mining pool is currently working on a clean up AFAIK as they can just put their own TX into their own block. Everyone else cant really do much about this as paying a higher fee would require you to use more inputs which in turn increases the size which again requires a higher fee to have a chance to get a confirmation under the current circumstances.

Isn't the spam attack over already ? Thought it was only 2 weeks back and not happening any more. I don't see transactions taking time to confirm anymore either.