bitcoin stress test

[diyashantu]

is bitcoin going to survive the bitcoin stress test

[Amph]

why not? it's not like this is the first one, and i'm sure it won't be as a bad as the last one with 130-150 tx per second as a peak

worst case you would wait a bit more for your transaction, i'm lucky i not need to move any bitcoin at the moment

[b457]

Sure it will.
Bitcoin already has survived other stress tests and it will survive further tests.

[ranochigo]

I would say yes. For majority of the stress test, they are using 0.0001BTC/KB fee which would only delay the confirmation of the transactions with lower fees. Last time there was a big stress test, I used 0.0001BTC/KB and it confirmed promptly. The minimum fee to relay can also be brought up to prevent people from spamming the network with fees that are too low.

[S4VV4S]

is bitcoin going to survive the bitcoin stress test

Not quite sure what do u mean "survive" the stress test.
A stress test cannot kill Bitcoin, therefor it will definitely survive.
It can only slow down tx confirmation times, but there are still ways around that.

[tmltd]

Bitcoin will survive as before.
Watch the https://www.blocktrail.com/BTC for updates about "Unconfirmed Transactions",  "Optimal Fee / Kb to get into next block" and "Low Priority Fee / Kb to get into a block within 2 blocks".

EDIT: If you have urgent transactions that cannot wait, set the transaction fees according to https://www.blocktrail.com/BTC "Optimal Fee / Kb" to get it confirmed quicker, during the stress test period. The data are updated in real time.
Coinwallet.eu that conducts the stress test has some BTC to lose and miners will get more profit from the tx fees..
The end users will suffer some tiny BTC losses due to tx fees or delays but nothing serious to harm the BTC ecosystem.

[Lauda]

Isn't this the usual way of doing things at this forum? The sole purpose of this thread is not the question itself, but rather start a discussion about delayed transactions that might cause fear in some.

Activity: 1
Posts: 1

Currently the mempool has around 12.5k transactions which is okay. Looking the the size of the recent blocks, the pools are choosing to ignore the spam transactions. If you include a higher fee you will not experience any delays at all.

[Kprawn]

Let's not forget that other people might piggy back onto this test to make a point. Every test like this gives attackers a opportunity to do more damage with less financial inputs. How can we make a prediction in

advance, if we do not know how many other leechers will be latching onto this? Let's just see what happens and ride it out like the last time. If you have urgent transactions that cannot wait, you just bump up those

transaction fee's to get it confirmed quicker, during this period.  

[Franciem]

is bitcoin going to survive the bitcoin stress test

yes we can survive
this is not a first time for bitcoin networker

[el kaka22]

Fxxx the 'stress test' (referred as 'stress test spam' myself) is up again?
Though when I last check the blockchain status few minutes ago, there isn't a new block found in 33 minutes, but the unconfirmed txs are of 9MB big... Hopefully they will confirm in 2 hours.
Hope the spammers can stop, and I also hope the developers make the anti-spam sending amount be 5460 satoshi again.

[tadakaluri]

is bitcoin going to survive the bitcoin stress test

Is the Bitcoin stress test already started? What is the schedule?

[b457]

Is the Bitcoin stress test already started? What is the schedule?

I think it already started but I don't know anything about a schedule.

[Mickeyb]

is bitcoin going to survive the bitcoin stress test

Of course it will survive. It has survived many other stress tests in the past, in the same way, we'll be fine this time as well. It is announced though that this one will be by far the biggest so far.

These stress tests are not at all that bad for a network in my opinion. They will show us the weak points and maybe even help this debate come to an end. Yes, it is not convenient to have you transaction stuck, but users should just anticipate this and pay slightly bigger tx fee than the fee of the stress test transactions.

[Q7]

If transactions get delayed and there's a pile of backlog I'm not sure why anybody wants to use it in the first place for making payments. Whether it's an online or even retail business nobody is going to sit there and wait. It's the frustration that will kill you. Yeah, it will survive alright but will the reputation survive to bring the coin in to next level of acceptance??

[bitcoinmasterlord]

If transactions get delayed and there's a pile of backlog I'm not sure why anybody wants to use it in the first place for making payments. Whether it's an online or even retail business nobody is going to sit there and wait. It's the frustration that will kill you. Yeah, it will survive alright but will the reputation survive to bring the coin in to next level of acceptance??

I use XAPO account for my daily transactions but so for I never faced any delay payments and today also I did couple of transactions all went smooth. I think it also depends how much transaction fee you pay also because times I saw a request to pay slightly higher transaction fee for faster transactions but in XAPO I always do it at free of cost.

[tmltd]

Is the Bitcoin stress test already started? What is the schedule?

Yes it's started. You can watch the pile of unconfirmed transaction and optimal fee at https://www.blocktrail.com/BTC. Such things have no schedule but I don't think it will last for long and it will make no harm to BTC.

[kolloh]

Of course, it will survive. It will be quite annoying to users though with extended delays if not careful with fees.

[Undermood]

The controversial group behind several bitcoin ‘stress tests’ has confirmed it will push ahead with its biggest experiment to date. One more stress test would be executed at 10am Thursday (GMT) next week. Guy, we should prepare for it!

http://www.thebitcoinchannel.com/archives/47571?utm_content=buffer9d3eb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[H.W.Z]

is bitcoin going to survive the bitcoin stress test

Not quite sure what do u mean "survive" the stress test.
A stress test cannot kill Bitcoin, therefor it will definitely survive.
It can only slow down tx confirmation times, but there are still ways around that.

yes, the ppl behind the test is just to show the necessity of adopting XT. As long as you include the minimum fees, the transaction will get confirmed quickly. You can check the amount of fees been paid for quick confirmation and can have a look here: https://chainquery.com/bitcoin-api/estimatefee/1

[RodeoX]

The controversial group behind several bitcoin ‘stress tests’ has confirmed it will push ahead with its biggest experiment to date. One more stress test would be executed at 10am Thursday (GMT) next week. Guy, we should prepare for it!

http://www.thebitcoinchannel.com/archives/47571?utm_content=buffer9d3eb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Yes. By DDOS-ing their servers at 9:00am.