Its time to jump ship w/ this BULLSHIT GOING ON!!! FUCK YOU CHINESE POOLS!

[GenTarkin]

WTF IS GOING ON?!?!?
There are 26k transactions in queue ... over 70MB mempool and the 3 largest pools are ignoring them entirely.
I hope all these get orphaned.
FUCK YOU CHINESE POOLS, fucking go rot in hell, thanks for ruining BTC along w/ ur spammy attacks.

[Alley]

That is bullshit.  Fill up the damn blocks.

[OROBTC]

...

Beat me to it, GenTarkin!  I noticed the same thing, and started a new thread right after you.

This kind of greedy short-term thinking contributed (as far as I can tell) to the problems of a few days ago.  Now we are under attack by spammers, the last thing we need is a little extra greed feeding off the system...

[bitbaby]

So why exactly are they not including other transactions in those blocks? Do they solve them faster if they include less TXs or are they only doing this because they want people to add bigger fees?

This isn't right, isn't there a protocol that stops them from doing this?

[GenTarkin]

So why exactly are they not including other transactions in those blocks? Do they solve them faster if they include less TXs or are they only doing this because they want people to add bigger fees?

This isn't right, isn't there a protocol that stops them from doing this?

Its the price of freedom man. Imagine if btc network was hardly used, blocks that had 0 tx's in them would have to be allowed.

For all we know they may even be in cahoots w/ the spammers. I dont know why they would be , it would be destroying their own revenue stream by making btc unuseable for everyone that isnt knowledgeable on how tx fees work.

Also, the only benefit I know if is bandwidth saving maybe, memory saving? not to sure.

[BayAreaCoins]

WTF IS GOING ON?!?!?
There are 26k transactions in queue ... over 70MB mempool and the 3 largest pools are ignoring them entirely.
I hope all these get orphaned.
FUCK YOU CHINESE POOLS, fucking go rot in hell, thanks for ruining BTC along w/ ur spammy attacks.

I vote BTC to go to Proof of Stake and stick them all with worthless ass equipment if they won't do their jobs.

Or

Just sit them out and wait for them to go tits up (go broke.)

[dothebeats]

Lol just noticed the same thing. Over 26k tx unconfirmed until now. Where is the low fees? Isn't this already a move to force users to pay a high fee in order for their transaction to get settled? This is bullshit.

[solex]

WTF IS GOING ON?!?!?
There are 26k transactions in queue ... over 70MB mempool and the 3 largest pools are ignoring them entirely.
I hope all these get orphaned.
FUCK YOU CHINESE POOLS, fucking go rot in hell, thanks for ruining BTC along w/ ur spammy attacks.

Those 3 blocks were hashed almost at the same time. They are not empty deliberately.
Basically, when a mining pool sees that a new block has been mined (by receiving the header) it gives all its client miners an empty block template - as a temporary measure - while the pool receives and validates the new block, and constructs a tx filled block template for its miners. This takes time. It takes more time when the mempool is full of spam and it has to filter through junk to get decent fee-paying tx. Sometimes a block is mined before the process of building a decent-sized block is complete. The Chinese pools all want to mine big blocks, including ones >1MB (but can't until something like BIP 100 or 101 goes live).

[Xialla]

wow, 29.7k transactions unconfirmed, I never saw higher number, is this new record?

anyway yes, this is exactly, why bitcoin should be decentralized as much as possible. in current scenario of 5 big mining pools controlling majority of total hashrate this was imho more than expected. just consequence of fact, that mining is only for companies..

[HCLivess]

What do you mean jump ship? Go LTC?

[Buffer Overflow]

So why exactly are they not including other transactions in those blocks? Do they solve them faster if they include less TXs or are they only doing this because they want people to add bigger fees?

This isn't right, isn't there a protocol that stops them from doing this?

Miners are free to add whatever transactions they like to their blocks, except the coinbase one which is compulsory.
There is an increased risk of their block being orphaned if it is larger with more transactions.

[ragi]

What do you mean jump ship? Go LTC?

It would be better at this point. Little late, but still better.

[Amph]

What do you mean jump ship? Go LTC?

only until this whole mess will be sorted out, then back to bitcoin, i'm sure many are already doing it

is good to have an alternative like litecoin, when the main ship is damaged

[dothebeats]

wow, 29.7k transactions unconfirmed, I never saw higher number, is this new record?

anyway yes, this is exactly, why bitcoin should be decentralized as much as possible. in current scenario of 5 big mining pools controlling majority of total hashrate this was imho more than expected. just consequence of fact, that mining is only for companies..

But unfortunately we cannot dictate mining companies to reduce their farms because it's their business. As long as the companies have the efficient and fast equipment to hash, they will mine and mine even if the mining scene turn out to be a centralized scene. Switch to a different method, maybe? PoW sure secures the network, but it prevents decentralization to happen.

[meono]

WTF IS GOING ON?!?!?
There are 26k transactions in queue ... over 70MB mempool and the 3 largest pools are ignoring them entirely.
I hope all these get orphaned.
FUCK YOU CHINESE POOLS, fucking go rot in hell, thanks for ruining BTC along w/ ur spammy attacks.

Time to go for 20MB blocks..... FUCK THE CHINESE PIECE OF SHIT

The same ppl who attack the blockchain pump LTC as an investment in Pyramid scheme. If we allow them to do this, crypto is a joke to everyone.

[alani123]

OP, feel free to create your own altcoin where authoritarian standards will apply and you'll be able to simply kick out any miner that doesn't abide by your block creation standards.

[meono]

What do you mean jump ship? Go LTC?

It would be better at this point. Little late, but still better.

Dont be a fool, the LTC was pumped as a pyramid scheme by a group of Chinese miners.... They're also the one doing the spam attack.

Hint for you: they're dumping their LTC to fools who "jump ship"

EVERY SINGLE ATLCOIN PUMP AND DUMP 's goal is to increase their BTC holding. Learn this and you can see why altcoin market is a joke.

[--Encrypted--]

go ahead and jump out of the space ship.   in case you haven't notice the price just went up again overnight, now hovering above 280$

[Kakmakr]

What is the logic behind this? Most people do not even understand the fee structure and just use the default values.
Only a few people, who does understand this, would increase their fees. The only thing they are doing is to alienate new users, who only see the slow transaction confirmations. When these people leave, the demand decrease and their coins are valued less. They also had to push in a bunch of money to start this backlog, so it neutralize the profit they would be making from the increase fee's?

[ragi]

Dont be a fool, the LTC was pumped as a pyramid scheme by a group of Chinese miners.... They're also the one doing the spam attack.

Hint for you: they're dumping their LTC to fools who "jump ship"

EVERY SINGLE ATLCOIN PUMP AND DUMP 's goal is to increase their BTC holding. Learn this and you can see why altcoin market is a joke.

I get what you're saying. But don't tnink LTC is like others pump and dump shitcoins. We'll see what will come from this.