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

[BillyBones]

FUCK YOU CHINESE POOLS, fucking go rot in hell, thanks for ruining BTC along w/ ur spammy attacks.

Beg your pardon, How do you precisely come to an conclusion that it is from Chinese pools, have you got any IP Address proof or it is an assumption, I'm curious to know it, your little explanation is appreciable.

[NorrisK]

This thread is extremely racist. Blocks with 1 transaction have been around forever, and it's certainly not the fault of the Chinese.

China has most of the world's hash power, so they mine more 1 transaction blocks. The racist idiots here don't realize China is actually securing the network and it's best not to scare them away.

But it appears to be much more common than back in the old days.. They must have some kind of thing going to fill a certain percent of their blocks with nothing..

[pereira4]

This thread is extremely racist. Blocks with 1 transaction have been around forever, and it's certainly not the fault of the Chinese.

China has most of the world's hash power, so they mine more 1 transaction blocks. The racist idiots here don't realize China is actually securing the network and it's best not to scare them away.

I agree with the racist remarks. If they left tho, someone out there would take their place, remember that this is a self regulated system, if you leave, difficulty goes down, and the next guy gets the profit.

[charlton]

Well, despite all something needs to be fixed.

I've been waiting now for 3 hours for my not-insignificant bitcoin txn with fee to be confirmed.  It hasn't yet.

Floating fees, larger block sizes, and other tweaks would be good but my understanding is bitcoin code is in gridlock right now.

[dothebeats]

Well, despite all something needs to be fixed.

I've been waiting now for 3 hours for my not-insignificant bitcoin txn with fee to be confirmed.  It hasn't yet.

Floating fees, larger block sizes, and other tweaks would be good but my understanding is bitcoin code is in gridlock right now.

You're not alone. There are transactions with the minimum fees on it that aren't confirmed yet by the network. Some of them as old as 42 hours now. Larger block sizes aren't needed right now imo. People are suggesting that because we are experiencing some "testing" in the network when in fact, a normal day on the network isn't requiring that much space for transactions.

[charlton]

You're not alone. There are transactions with the minimum fees on it that aren't confirmed yet by the network. Some of them as old as 42 hours now. Larger block sizes aren't needed right now imo. People are suggesting that because we are experiencing some "testing" in the network when in fact, a normal day on the network isn't requiring that much space for transactions.

Not yet but it will one day.

Also, I run a full bitcoin node, taking nearly 50GB of drive space.  You'd think that would count for something.  Transaction is still sitting there...

[valkir]

Hey

If you want to stop chinese to get all the hashrate then mine on kano.is, bitminter or slush. 

Mine on others pools is the minimum you can do! 

[jbrnt]

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 blocks were mined within seconds of each other. It is common that close consecutive blocks are tiny blocks with little or no transactions. The network functions like that for many years, it is not because of malicious pool, Chinese or not. I have seen Slush and BTCGuild done that before a lot time ago when they were the stronger pools.

Solex has a good explaination on the first page:
https://bitcointalk.org/index.php?topic=1116582.msg11838710#msg11838710

You folks all realize that Coblee fixed this issue in Litecoin years ago, and advised Bitcoin devs that this was a problem. They didn't listen.
Hate to say this, but Litecoin is now the standby alternative if btc doesn't get it's act together.

People has been repeating a million times now why the devs haven't included yet the LTC fix, even cobble made a reddit post about it, yet I haven't seen any dev addressing this in here. Did gmaxwell say anything about this?
This should be a quick fix that doesn't need any fork or anything fancy, just a software update.

The proposed "fix" raises fees for small outputs. The current spam transactions have large non-dust outputs. The "fix" wouldn't work for this attack.

[omahapoker]

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.

As long as these pools have an advantage by not implementing any transaction, they will proceed to do so. It's better for them because this block is small and will be propagated between the nodes pretty fast. A 1MB block will be very slow so these pools have the chance to orphan other blocks even when they found a block a bit later then another miner found a 1MB block.

That won't stop and this will only get worse with bigger blocks. I don't know what to do against.

[xyzzy099]

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).

+1

A very intelligent explanation, totally ignored by basically every subsequent response