Stress test is underway - Watch your fees.

[tspacepilot]

look here: https://bitcointalk.org/index.php?topic=1175321

they are given away free privatekeys for anyone to sweep...creating thousands of transactions and doublespent attempts

Wow, clever.

[1715128074]

1715128074

[1715128074]

1715128074

[1715128074]

1715128074

[--Encrypted--]

There's only one way to deal with spam.  Ignore it.
Perhaps you have something more interesting to do with your time. 

I don't think it's a good idea just to ignore it. this spam may cause some problem to people that is not aware of it.

[mallard]

They aren't using very high transaction fees. Only around $0.02

[NorrisK]

You guys are aware that Coinwallet isn't even spamming the network (well they are not spamming theoretically, but they still are spamming in the sense). They are just giving away free bitcoins located in many different addresses, they are providing private keys for these addresses. What's clogging up the network actually is human greed, many users are trying to claim these free coins. Essentially, Bitcoin users are destroying its own network at the moment.

Pretty clever, ha? If they were not ranting all over the place how they will spam and they just did this "giveaway" we wouldn't even blame them for nothing. But now we know that they are bunch of bastards which just found another way to spam anyways.

If you want your transaction to confirm, just send with bigger fee.

I actually didn't realized that.  I haven't looked into the details of the "stress tests".  But what do you mean when you say "giving away the private keys"?

look here: https://bitcointalk.org/index.php?topic=1175321

they are given away free privatekeys for anyone to sweep...creating thousands of transactions and doublespent attempts

So how do the people trying to sweep this actually think they will be making any money at all? All this trouble for a couple of cents?

[Mickeyb]

You guys are aware that Coinwallet isn't even spamming the network (well they are not spamming theoretically, but they still are spamming in the sense). They are just giving away free bitcoins located in many different addresses, they are providing private keys for these addresses. What's clogging up the network actually is human greed, many users are trying to claim these free coins. Essentially, Bitcoin users are destroying its own network at the moment.

Pretty clever, ha? If they were not ranting all over the place how they will spam and they just did this "giveaway" we wouldn't even blame them for nothing. But now we know that they are bunch of bastards which just found another way to spam anyways.

If you want your transaction to confirm, just send with bigger fee.

I actually didn't realized that.  I haven't looked into the details of the "stress tests".  But what do you mean when you say "giving away the private keys"?

look here: https://bitcointalk.org/index.php?topic=1175321

they are given away free privatekeys for anyone to sweep...creating thousands of transactions and doublespent attempts

So how do the people trying to sweep this actually think they will be making any money at all? All this trouble for a couple of cents?

They are including private keys with different amounts on them. Apparently they will post thousands of these addresses, at least that's what they said. For example, yesterday night they have posted 5 addresses with 0.53 BTC in each of the five. So yes, some are containing cents while some are containing more serious amounts.

Over 200 BTCs will be "given away" to the community.

[wxa7115]

You guys are aware that Coinwallet isn't even spamming the network (well they are not spamming theoretically, but they still are spamming in the sense). They are just giving away free bitcoins located in many different addresses, they are providing private keys for these addresses. What's clogging up the network actually is human greed, many users are trying to claim these free coins. Essentially, Bitcoin users are destroying its own network at the moment.

Pretty clever, ha? If they were not ranting all over the place how they will spam and they just did this "giveaway" we wouldn't even blame them for nothing. But now we know that they are bunch of bastards which just found another way to spam anyways.

If you want your transaction to confirm, just send with bigger fee.

I actually didn't realized that.  I haven't looked into the details of the "stress tests".  But what do you mean when you say "giving away the private keys"?

look here: https://bitcointalk.org/index.php?topic=1175321

they are given away free privatekeys for anyone to sweep...creating thousands of transactions and doublespent attempts

So how do the people trying to sweep this actually think they will be making any money at all? All this trouble for a couple of cents?

Some people will do anything for money and free stuff and what can be better than free money? even if it’s just a few cents

[adamstgBit]

FREE MONEY!!!!!!!!!! 

https://bitcointalk.org/index.php?topic=1175321.msg12382897#msg12382897

[adamstgBit]

i cant get at the free money blockchain.info is overloaded with requests on these private keys... 

[neochiny]

As announced CoinWallet has started spamming the blockchain.
The backlog of unconfirmed transactions is know at 10 MB (ca 2 hours) and growing.
To get your transactions confirmed in a decent amount of time make sure to include an
appropriate fee.
CoinWallet disclosed target is to create a 1 month (720 hours) backlog.

https://bitcoinmagazine.com/21842/coinwallet-begins-pre-test-bitcoin-network-schedules-largest-stress-test-begin-september-10/

https://blockchain.info/unconfirmed-transactions

hi.. speaking of adding an amount of fees..
how will i do that? isnt it just automatic?
im sorry , i really dont know about this.
so i hope someone give me advice how to do it.
thanks.

[fryarminer]

coinwallet.eu is getting an error 522.
I guess they couldn't handle their own stress test!

[Mikestang]

They are making their point in support for bigger blocks.

Not really.  They are creating an artificially inflated scenario, spreading FUD, and generally being assholes because no one likes XT.  They're not proving anything, other than what a bunch of dicks they are.

[Habeler876]

They are making their point in support for bigger blocks.

Not really.  They are creating an artificially inflated scenario, spreading FUD, and generally being assholes because no one likes XT.  They're not proving anything, other than what a bunch of dicks they are.

I agree that it's a low ball move, but they do make a point that bitcoin can be attacked in this way. Instead of attacking them, devs should make the
same fix for this spam issue like Coblee did with LTC. Fast and simple solution, but no, it's much better to argue about bigger blocks and alternative clients..
imho if you can't send a dust transaction with no fee in a meaningful time, bitcoin has lost it's purpuse.

[russokai]

There's only one way to deal with spam.  Ignore it.
Perhaps you have something more interesting to do with your time. 

The problem is that the bitcoin network and protocol is not designed to be capable of "ignoring" spam.  So you can ignore it all you want but bitcoin is being hurt by it right now.

[adamstgBit]

what fee must we use for the next month as this spam gets cleared?

[russokai]

Meanwhile, here is what you can see on some other block explorers and monitors:
https://www.blocktrail.com/BTC/: 65k unconfirmed transactions, 112 MB mempool
https://tradeblock.com/bitcoin/:  89k unconfirmed transactions, 104 MB mempool
https://bitcoinfees.github.io/: 124 MB mempool size
http://statoshi.info/dashboard/db/transactions/: 137k unconfirmed transactions
http://munin.bitcoin-fr.io/bitcoin-fr.io/n.bitcoin-fr.io/index.html: 134k unconfirmed transactions, 116 MB mempool

[marky89]

You guys are aware that Coinwallet isn't even spamming the network (well they are not spamming theoretically, but they still are spamming in the sense). They are just giving away free bitcoins located in many different addresses, they are providing private keys for these addresses. What's clogging up the network actually is human greed, many users are trying to claim these free coins. Essentially, Bitcoin users are destroying its own network at the moment.

No, this is purely a result of Coinwallet spamming the network. Consider the reason why the outputs they are "giving away" cause transactions to be prohibitively large. This is merely "phase 2" of a dust spam attack -- the default unspendable outputs (spam) are being cleared.

[Habeler876]

There's only one way to deal with spam.  Ignore it.
Perhaps you have something more interesting to do with your time. 

The problem is that the bitcoin network and protocol is not designed to be capable of "ignoring" spam.  So you can ignore it all you want but bitcoin is being hurt by it right now.

Maybe he was referring to the point that miners could ignore low fee transactions, and thus the spammers. But anyways it's definetly true that bitcoin is being damaged by this spam.
Even tho the network isn't still designed to defend itself against this now, it could be, but they choose not to.

The fix is simple: (quore from coblee)
"There's code in Bitcoin that says if someone sends a tiny amount of coins to an output, make sure that he pays the mintxfee. This makes sense because you wouldn't want someone creating "dust" spam by sending small amount of coins. BUT the code still only enforces the same mintxfee if you send to many small outputs. The fix is simple: require a mintxfee for each tiny output."

Why are we not doing the same fix on bitcoin ?

what fee must we use for the next month as this spam gets cleared?

Yes, that's their goal - a month of backlog :/

[knight22]

You guys are aware that Coinwallet isn't even spamming the network (well they are not spamming theoretically, but they still are spamming in the sense). They are just giving away free bitcoins located in many different addresses, they are providing private keys for these addresses. What's clogging up the network actually is human greed, many users are trying to claim these free coins. Essentially, Bitcoin users are destroying its own network at the moment.

No, this is purely a result of Coinwallet spamming the network. Consider the reason why the outputs they are "giving away" cause transactions to be prohibitively large. This is merely "phase 2" of a dust spam attack -- the default unspendable outputs (spam) are being cleared.

Spam or not how is this different than a fuck load of users trying to use the network at the same time? Technically speaking.

[Alley]

If we get global adoption this will be the norm.  So what's the issue?

[Lethn]

If we get global adoption this will be the norm.  So what's the issue?

It's called a stress test for a reason, it's designed to test out whether the network could even handle this many transactions at once and what should be done with it. Since it's a very scientific thing to do to try and break the blockchain like this hopefully it will help stop the bickering among the developers and let them find a proper solution to the blockchain size issue.

Thanks for the warning OP!