Ultimate Bitcoin Stress Test - Monday June 22nd - 13:00 GMT

[unamis76]

As I was expecting and wrote a while back on the forums... Although it's an interesting experience, the cost and blockchain delays provoked by such a test outstand the results obtained from it. There isn't a beneficial funds spent/results obtained relation here. Just some spam and confirmation delays for folks wanting to send coins back and forth...

We already know we've got to bump up the block size...

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[Meuh6879]

As of ~8:03 PM GMT, there are roughly 9,200 unconfirmed transactions with total Tx fees of ~1.76 btc that are a total of ~10,100 KB in size. Last block was found roughly 35 minutes ago and the 6th last block was found roughly 90 minutes ago.

Yes ... always full.

[AgentofCoin]

Raise the limit!

Lol. Isn't that Peter Todd on the right? 

Lol. Peter actually said today on reddit to just pay the higher fees.
https://gist.github.com/petertodd/8e87c782bdf342ef18fb

[hikedoon]

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.

[digicoinuser]

https://gist.github.com/petertodd/8e87c782bdf342ef18fb

That was quite informative, thanks. 

[Moebius327]

11500 transactions in mempool

[oblivi]

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.

[AgentofCoin]

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.

[publicjud]

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.

Bigger blocks is not the complete answer.  Just making the block bigger, might push a problem out somewhere else.  orphan blocks ect.

just pay another couple pennies to get your transactions confirmed in the next block.

[Argwai96]

back in the 80s pushing it to the limit with out banks was something not possible, now we are in a new era we are the system we can push it to the limit https://www.youtube.com/watch?v=XuaacLc6NZo

[e1ghtSpace]

Is this happening? OMG this is awesome! And bad.
So, do you guys think they will be raising the limit? Or doing something else like telling everyone to pay up with higher fees?

[Meuh6879]

things like this is good for everyone.
things can evolve now.

[cozk]

It is impossible to know with certainty, however we are anxiously looking forward to Monday.

Pretty good. lol.

[Spjuth]

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.

[Moebius327]

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.

Yes they will not be confirmed. We need 20 MB blocks to make spamming the network more expensive.

[publicjud]

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.

[AgentofCoin]

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

[Glucose]

I finally understand why my transactions are delayed

Good experimentation anyway :-)

[publicjud]

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.

[RealMalatesta]

https://gist.github.com/petertodd/8e87c782bdf342ef18fb

That was quite informative, thanks. 

Exquisite, indeed. However, if we are looking for a broader adaption of Bitcoins, this technical explanation means "questionmark" to the "normal user"...