Stress test is underway - Watch your fees.

[knight22]

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

Why such a difference between these explorers?

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[tss]

ohh no.. so much spam to send and the network is not confirming it all in the first block.  the horror.. the horror.

nothing to see here.  business is usual.  only spammers have issue and complain about this.  the resilient bitcoin network is dealing with spam properly.  as for the backlog.  it should just be dumped.

[knight22]

ohh no.. so much spam to send and the network is not confirming it all in the first block.  the horror.. the horror.

nothing to see here.  business is usual.  only spammers have issue and complain about this.  the resilient bitcoin network is dealing with spam properly.  as for the backlog.  it should just be dumped.

For those you might be in a hurry to get a confirmation it is a pain in the ass. Ignoring that won't make the problem magically go away.

[teukon]

I hate these stress tests. it doesn't even have any benefit for anyone.

The "stress test" functions as a vaccine.  There are short-term costs and long-term benefits.

Some wallets will develop features to help their users more easily manage/avoid stuck transactions in a bid for more users.  Some exchanges will do a good job of riding the wave and attract more customers.

[bitbaby]

ohh no.. so much spam to send and the network is not confirming it all in the first block.  the horror.. the horror.

nothing to see here.  business is usual.  only spammers have issue and complain about this.  the resilient bitcoin network is dealing with spam properly.  as for the backlog.  it should just be dumped.

For those you might be in a hurry to get a confirmation it is a pain in the ass. Ignoring that won't make the problem magically go away.

Is it over or still going on? I sent various transactions in last 10 hours with regular fee and they all got confirmed normally, I just recently made some transactions (like an hour ago) with same amount of fee and they got through in normal amount of time as well. It was not like that in last stress test where some of my transactions were stuck for almost an hour. I think this one is not as powerful as the last one was.

But thanks for letting me know, I'll add more fee in the next ones just to be safe.

[Cryptology]

Blockchain is showing a backlog of 55MB right now so I guess that it is still on.
Good to hear that normal transactions are getting through. I read somewhere that
some miners are ignoring the dust spam.

[RustyNomad]

Not sure whether this has been posted here already but this site will help in determining the ideal fee to use for your transactions.

http://www.cointape.com/

I see that the current suggestion is to use around 41-50 satoshis per byte in order to get your transaction into the next block.

[Kakmakr]

RustyNomad, ideal under abnormal circumstances is not the real ideal fee's. These a$$holes have turned the Bitcoiners against each other to execute the attack for them. In the end, they can wash their hands and blame the greedy community. A company with balls will take full responsibility for their actions and not hide behind dirty tricks like this to protect themselves.

This is the most cowardly act, I have seen since the fake MtGox hack.   

[favdesu]

yeah whatever, just use 0.0005 tx fee and move on. it's only a matter of time until people lose interest on the "free" giveaway

[turvarya]

And what are the mighty Core developers doing against it? Sitting in their ivory tower drinking Frappuccino? (oh wait, the Frappuccino part, was the other guy)

It's all nice saying, that they have proven their point with the previous test, but was it really received? I am not aware, that there are solutions developed to this problem(at least not in a timely manner).

[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?

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.

But they cannot take more than 0.001 or something out of it at a time right? So most probably, anybody trying to sweep this stuff will not be able to make anything close to the 0.53 btc in the wallet?

[Rampion]

I've been doing transactions non stop during the last hours and all of them have been confirmed in the next block.

Stress test? Zero fucks were given by Bitcoin.

[roslinpl]

I've been doing transactions non stop during the last hours and all of them have been confirmed in the next block.

Stress test? Zero fucks were given by Bitcoin.

Indeed I haven't noticed that so called stress test too I just read about it by my transactions were confirming as usually during last 24h.

:-)

Best regards.

[kromtar]

All this is BS, they will need lots of money to colapse the network, and in the worst case all will be ok in few hours, what a waste of money 

Let them trow their bitcoins they will cry next year, there will be a solution for scalability soner or later... and halving... and diff mooning lol

[CoinCornerMolly]

So what would be the best strategy to get btc out of the exchanges like Bitstamp or btc-e, since i can not control how much they pay on transaction. A thing that is starting to worry me. Otherwise your money is just locked down in the exchanges.

Hi BNO, Molly from CoinCorner here. Many exchanges (like ourselves) have increased the transaction fees to ensure that our customers experience minimal disruption. There's a post over on Reddit that lists some of the exchanges and their plans: https://www.reddit.com/r/Bitcoin/comments/3j885a/upcoming_stress_test_and_how_this_affects_wallets/

[kpitti]

I issued several transaction in past few days. All of them were confirmed within few minutes without any problem. I did not increased my fee, just use what my Multibit HD calculate.
I see no issue so far 

[everaja]

Coinwallet really a headache , Thanks OP for informing About the situation , i guess 0.00025BTC will be decent fee , moreover the Guys who are Trading it is much important to Tag a decent fee with the transaction as all depends upon confirming a request.

[favdesu]

Coinwallet really a headache , Thanks OP for informing About the situation , i guess 0.00025BTC will be decent fee , moreover the Guys who are Trading it is much important to Tag a decent fee with the transaction as all depends upon confirming a request.

well, there are many wallets that adjust tx fees automatically.

electrum, ninkip2p, mycelium to name some. no idea why blockchain.info doesn't offer this kind of option though

[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.

But they cannot take more than 0.001 or something out of it at a time right? So most probably, anybody trying to sweep this stuff will not be able to make anything close to the 0.53 btc in the wallet?

Not sure, I think that you can if you know what you are doing and if you are using scripts. It seems to me that the F2Pool did something similar, they actually helped unclog the network. The thing is that majority of these coins that you do sweep will be spent on fees. At least that's how I understood it, somebody correct me if I am wrong.

Also F2Pool got these fees back from sweeping this dust, since they are huge mining pool that mines many blocks. So for them, it was a win-win combination, also for the whole network.

[Denker]

I will reduce my Bitcoin transactions as much as possible during this "stress test". There was enough time to prepare myself and I did that.