Are we stress testing again?

[Mickeyb]

I made a transaction from localbitcoins.com yesterday.

https://blockchain.info/address/1HpaHwTwtk2BHQ7QRGPrvvG2KQm5F1vL4w

Still didn't go through. Is it possible that zhey payed only 0.0001 fee for all of this BTC sent?

The tx fee is 0.0001211 btc and the tx size is 1211 bytes, so the sender is paying only 0.1 mBTC per KB.
From http://bitcoinexchangerate.org/fees, you can see there are a lot of transactions (nearly 15 MB) paying more fee than yours and are still unconfirmed.

Well exactly that. I just cannot understand that one prominent business as that would do that. I mean stress test or not, a 0.0001 tx fee per transaction would be confirmed faster than this BS. And I need BTC urgently!

When can I expect this will be confirmed?
Thanks

I guess you will need to at least wait for a few more hours. With a 1 MB block size, those 15 MB transactions will take at least 15 blocks to clear, and don't forget there are also new transactions in the mean time.

yep, if you want it faster setup a higher tx fee... could still take some hours to clear though

It's not me, it's a freaking localbitcoins that payed such a low fee!

[bananas]

I don't get all the talking about miner's fee, we don't need to pay any fee at all if we don't want to and miners can leave if they want to.
If they leave the diffculty will be adjusted to the available hash power. We should not be held hostage of these mining corporations, mining could go back as low as the GPU days and it would not be a problem.

Why would the miners leave? What if they just ignore all the "low-fee" transactions? What could we, the bitcoin users, do except increasing the tx fee?

You are right that we could choose to not pay any fee if we don't want to.
But at the same time, the miners could choose to include our transactions if they don't want to.

That's exactly the problem, fees were created solely to avoid spam but it is actually being used as an extortion instrument.
The block reward should and must be the only reason to mine.

I believe miners themselves are spaming.

[Amph]

I made a transaction from localbitcoins.com yesterday.

https://blockchain.info/address/1HpaHwTwtk2BHQ7QRGPrvvG2KQm5F1vL4w

Still didn't go through. Is it possible that zhey payed only 0.0001 fee for all of this BTC sent?

The tx fee is 0.0001211 btc and the tx size is 1211 bytes, so the sender is paying only 0.1 mBTC per KB.
From http://bitcoinexchangerate.org/fees, you can see there are a lot of transactions (nearly 15 MB) paying more fee than yours and are still unconfirmed.

Well exactly that. I just cannot understand that one prominent business as that would do that. I mean stress test or not, a 0.0001 tx fee per transaction would be confirmed faster than this BS. And I need BTC urgently!

When can I expect this will be confirmed?
Thanks

I guess you will need to at least wait for a few more hours. With a 1 MB block size, those 15 MB transactions will take at least 15 blocks to clear, and don't forget there are also new transactions in the mean time.

yep, if you want it faster setup a higher tx fee... could still take some hours to clear though

It's not me, it's a freaking localbitcoins that payed such a low fee!

you should use a local wallet really, they offer better secuirity and customizable fee, i know that peplo are lazy and prefer the "browse way" nowadays but local client offer much more

[turvarya]

I don't get all the talking about miner's fee, we don't need to pay any fee at all if we don't want to and miners can leave if they want to.
If they leave the diffculty will be adjusted to the available hash power. We should not be held hostage of these mining corporations, mining could go back as low as the GPU days and it would not be a problem.

Why would the miners leave? What if they just ignore all the "low-fee" transactions? What could we, the bitcoin users, do except increasing the tx fee?

You are right that we could choose to not pay any fee if we don't want to.
But at the same time, the miners could choose to include our transactions if they don't want to.

That's exactly the problem, fees were created solely to avoid spam but it is actually being used as an extortion instrument.
The block reward should and must be the only reason to mine.

I believe miners themselves are spaming.

Are you aware, that the block reward will go to zero eventually?
So, that basically means, miners should work for free.

[ajareselde]

I don't get all the talking about miner's fee, we don't need to pay any fee at all if we don't want to and miners can leave if they want to.
If they leave the diffculty will be adjusted to the available hash power. We should not be held hostage of these mining corporations, mining could go back as low as the GPU days and it would not be a problem.

Why would the miners leave? What if they just ignore all the "low-fee" transactions? What could we, the bitcoin users, do except increasing the tx fee?

You are right that we could choose to not pay any fee if we don't want to.
But at the same time, the miners could choose to include our transactions if they don't want to.

That's exactly the problem, fees were created solely to avoid spam but it is actually being used as an extortion instrument.
The block reward should and must be the only reason to mine.

I believe miners themselves are spaming.

Are you aware, that the block reward will go to zero eventually?
So, that basically means, miners should work for free.

It is believed that the price should follow when rewards halve, but even if not, the difficulty factor should then adjust when people no longer see mining
profitable, leaving it to those who can afford and those who have cheapest electricity.

Miners that no longer see profit in their operation should just stop mining, and not spam the blockchain, since the "extortions" are bound to be eliminated one way or the other.

cheers

[Amitabh S]

I mentioned elsewhere, that clients need to be more intelligent to counter such spam. If the mempool size is big, suggest a larger fee or approx confirmation times based on given fee.

[turvarya]

I don't get all the talking about miner's fee, we don't need to pay any fee at all if we don't want to and miners can leave if they want to.
If they leave the diffculty will be adjusted to the available hash power. We should not be held hostage of these mining corporations, mining could go back as low as the GPU days and it would not be a problem.

Why would the miners leave? What if they just ignore all the "low-fee" transactions? What could we, the bitcoin users, do except increasing the tx fee?

You are right that we could choose to not pay any fee if we don't want to.
But at the same time, the miners could choose to include our transactions if they don't want to.

That's exactly the problem, fees were created solely to avoid spam but it is actually being used as an extortion instrument.
The block reward should and must be the only reason to mine.

I believe miners themselves are spaming.

Are you aware, that the block reward will go to zero eventually?
So, that basically means, miners should work for free.

It is believed that the price should follow when rewards halve, but even if not, the difficulty factor should then adjust when people no longer see mining
profitable, leaving it to those who can afford and those who have cheapest electricity.

Miners that no longer see profit in their operation should just stop mining, and not spam the blockchain, since the "extortions" are bound to be eliminated one way or the other.

cheers

So, when the block reward goes to zero, the price of Bitcoin in infinite?
Sorry, but what some speculators believe(translate to "hope that will happen, so they get rich") doesn't concern me.
I'd still like to store the little wealth, I have, in Bitcoin 20 years from now. That wouldn't be a good idea, when the hashrate drops so dramatically, that an attack would be cheap.

and btw.:
"Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free."
https://bitcoin.org/bitcoin.pdf

[Mickeyb]

I made a transaction from localbitcoins.com yesterday.

https://blockchain.info/address/1HpaHwTwtk2BHQ7QRGPrvvG2KQm5F1vL4w

Still didn't go through. Is it possible that zhey payed only 0.0001 fee for all of this BTC sent?

The tx fee is 0.0001211 btc and the tx size is 1211 bytes, so the sender is paying only 0.1 mBTC per KB.
From http://bitcoinexchangerate.org/fees, you can see there are a lot of transactions (nearly 15 MB) paying more fee than yours and are still unconfirmed.

Well exactly that. I just cannot understand that one prominent business as that would do that. I mean stress test or not, a 0.0001 tx fee per transaction would be confirmed faster than this BS. And I need BTC urgently!

When can I expect this will be confirmed?
Thanks

I guess you will need to at least wait for a few more hours. With a 1 MB block size, those 15 MB transactions will take at least 15 blocks to clear, and don't forget there are also new transactions in the mean time.

yep, if you want it faster setup a higher tx fee... could still take some hours to clear though

It's not me, it's a freaking localbitcoins that payed such a low fee!

you should use a local wallet really, they offer better secuirity and customizable fee, i know that peplo are lazy and prefer the "browse way" nowadays but local client offer much more

No you didn't get it, I bought coins 2 days ago and got them released yesterday so I was transferring them to my local wallet. Now they are stuck.

[MaxLBC]

It really sucks for everyone that transactions are stuck. We try to keep fees on our transaction on such a level that it's both economical for our customers and results in quick transaction times. Normally all our transactions go through quickly with our standard fees, not so during these attacks on the network. We've upped our fees after we noticed a large number of unconfirmed transactions, unfortunately a number of transactions were broadcast yesterday with a low fee before we raised.

Max
Community Manager
LocalBitcoins

[favdesu]

It really sucks for everyone that transactions are stuck. We try to keep fees on our transaction on such a level that it's both economical for our customers and results in quick transaction times. Normally all our transactions go through quickly with our standard fees, not so during these attacks on the network. We've upped our fees after we noticed a large number of unconfirmed transactions, unfortunately a number of transactions were broadcast yesterday with a low fee before we raised.

Max
Community Manager
LocalBitcoins

but it's nice to see you react to such circumstances in a timely fashion

[DooMAD]

Well i just received a transaction without any issue, but i see that unconfirmed transactions are at 10 000, and mempool at 12 MB tho.
Don't know if the bigger block sizes only are the solution to this problem, but something definitely needs to be done, because if there's a lot of people that cant get their transactions confirmed, it's looking bad.

cheers

bigger blocks will change nothing.  if someone spams alot it will slow down other people's spam. thats all!.  the only people affected are those sending tiny payments like $0.005 without fee and those using online wallets that are too cheap to add fees to their customer's transactions.  

if you promote spam you would like to increase spam per second.

REGULAR TRANSACTIONS ARE NOT AFFECTED AND WILL NOT BE AFFECTED

THIS HAS NOTHING TO DO WITH BLOCKSIZE.

all it is is A SPAM BACKLOG!

DO NOT PROMOTE SPAM.  when bitcoin supports spam your investment will be worth exactly 0

172,000 transactions in last 24 hours.  A record.  Over 200k soon?  Sounds like they should of solved the block size increase issue weeks ago rather then arguing about it.

no blocksize has nothing to do with it.  172k SPAM transactions NOT CONFIRMED IS A GOOD THING.

DO NOT PROMOTE SPAM!

It would be more accurate to say that (some) regular transactions are not affected yet (+caps if you're so inclined).  But what happens when the userbase grows to a size where we can have 172,000 transactions that are all legitimate?  It might be spam now, but this is an indication of how the network might look in future with more users.  You can't say with any certainty that such a scenario is beyond the realm of possibility.  So what do you propose when we reach that stage and it's valid transactions left waiting and not spam?  Obviously your answer is going to be "lightning network this" or "sidechains that" or "let's play guessing games with fees" or "only large transactions are important, everyone else should get the hell off my exclusive, elitist blockchain".  We've heard it all before.  It is about the blocksize and not spam, so stop deflecting the issue.  The issue is, should Bitcoin scale to support more users, or do we provide the majority of users with a second-class service and allow Bitcoin to become a plaything for the wealthy?

[favdesu]

It would be more accurate to say that (some) regular transactions are not affected yet (+caps if you're so inclined).  But what happens when the userbase grows to a size where we can have 172,000 transactions that are all legitimate?  It might be spam now, but this is an indication of how the network might look in future with more users.  You can't say with any certainty that such a scenario is beyond the realm of possibility.  So what do you propose when we reach that stage and it's valid transactions left waiting and not spam?  Obviously your answer is going to be "lightning network this" or "sidechains that" or "let's play guessing games with fees" or "only large transactions are important, everyone else should get the hell off my exclusive, elitist blockchain".  We've heard it all before.  It is about the blocksize and not spam, so stop deflecting the issue.  The issue is, should Bitcoin scale to support more users, or do we provide the majority of users with a second-class service and allow Bitcoin to become a plaything for the wealthy?

absolutely agree with you. scaling blocks would be the perfect solution. but that's an infinite discussion.

[nuff]

All these stress and frustrations due to the blocksize being a measly 1Mb, come on, why can't they just increase it?

[ajareselde]

Are you aware, that the block reward will go to zero eventually?
So, that basically means, miners should work for free.

It is believed that the price should follow when rewards halve, but even if not, the difficulty factor should then adjust when people no longer see mining
profitable, leaving it to those who can afford and those who have cheapest electricity.

Miners that no longer see profit in their operation should just stop mining, and not spam the blockchain, since the "extortions" are bound to be eliminated one way or the other.

cheers

So, when the block reward goes to zero, the price of Bitcoin in infinite?
Sorry, but what some speculators believe(translate to "hope that will happen, so they get rich") doesn't concern me.
I'd still like to store the little wealth, I have, in Bitcoin 20 years from now. That wouldn't be a good idea, when the hashrate drops so dramatically, that an attack would be cheap.

and btw.:
"Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free."
https://bitcoin.org/bitcoin.pdf

Didn't you answer your own question here with that last remark? I am not saying that the price will be infinite nor insanely high, but that the number of transactions, and the fee followed by those
will make enough of a reason and profit for people to continue mining. Miners will never work for "free".

cheers

[Meuh6879]

All these stress and frustrations due to the blocksize being a measly 1Mb, come on, why can't they just increase it?

No, it's just a part of the development of the wallet software ... it's a new area not very tested : the saturation Bitcoin network.

Now, developper can correct or add feature to re-calculate more quickly, the fees that the user MUST use to have the 10min confirmation.

It's good for me. 
http://bitcoinexchangerate.org/fees

[nuff]

All these stress and frustrations due to the blocksize being a measly 1Mb, come on, why can't they just increase it?

No, it's just a part of the development of the wallet software ... it's a new area not very tested : the saturation Bitcoin network.

Now, developper can correct or add feature to re-calculate more quickly, the fees that the user MUST use to have the 10min confirmation.

It's good for me. 
http://bitcoinexchangerate.org/fees

Well, if these are growing pains, I guess it's all for the better, but if it's all a matter of reprogramming, then I think fees should be fixed and that transactions get confirmed on a first come first served basis, no jumping of priority because of higher fees. If not, there always will be incentives to spam and spam and spam. Plus, there're some cases where transactions with lesser fees get confirmed faster than higher ones, so it's not like higher fees work all the time.

[Herbert2020]

i send a transaction yesterday too, and it didn't get any confirmation for like about 9 hours.
this transaction spamming they are doing is getting really annoying.

[Mickeyb]

Ok, so does anybody have any clue when will my transaction go through?
Is there anything that can be done to speed the things up?
Thanks guys.
https://blockchain.info/address/1HpaHwTwtk2BHQ7QRGPrvvG2KQm5F1vL4w

[favdesu]

Ok, so does anybody have any clue when will my transaction go through?
Is there anything that can be done to speed the things up?
Thanks guys.
https://blockchain.info/address/1HpaHwTwtk2BHQ7QRGPrvvG2KQm5F1vL4w

there are more than 17000 unconfirmed transactions at the moment. I'd say more than 10 hours if this continues

[Amph]

i send a transaction yesterday too, and it didn't get any confirmation for like about 9 hours.
this transaction spamming they are doing is getting really annoying.

everything is fine for me even with small transactio, i sent 0.007 to a broker site and it was confirmed in two hours with a standard fee of 10k, satoshi

i admit that it isn't optimal, but it is also far away from beind bad