Mempool is now up to 25.5 MB with 22,200 transactions waiting.

[chopstick]

https://tradeblock.com/bitcoin/


Need a blocksize increase now. But we're all retarded. People will stop using BTC when it takes 3 days for their tx's to confirm

[1714680322]

1714680322

[pedrog]

https://tradeblock.com/bitcoin/


Need a blocksize increase now. But we're all retarded. People will stop using BTC when it takes 3 days for their tx's to confirm

No, we need block size increase 2 months ago...

[Lauda]

The mempool was nearly empty at around 1-1.5k two days ago. Nothing surprising here and certainly no need to panic. It looked like there was a bug on blockchain.info and the number of fees was much higher than it actually is.

No, we need block size increase 2 months ago...

Not really.
Update: Removed some (false) information.

[Lutpin]

The mempool was nearly empty at around 1-1.5 two days ago. Nothing surprising here and certainly no need to panic. This is very interesting though (according to Blockchain.info):

Total Fees   2,279.00943982 BTC

That's almost $1M in fees in 25 blocks worth of transactions.

Total Fees   3.87280194 BTC

That's what https://blockchain.info/unconfirmed-transactions shows over here right now.

[Lauda]

That's what https://blockchain.info/unconfirmed-transactions shows over here right now.

You're late. I've verified it once more and it looked like that, however on my 3rd verification it seemed like it was back to normal. I'm guessing some bug (updated post).

[tobacco123]

Any particular reason for the high mempool? Any stress test on going?

If Classic were to be implemented now, would this still happen so frequently?

[Lauda]

If Classic were to be implemented now, would this still happen so frequently?

If this is "natural" then yes. 2 MB would able to hold ground for a month or two maybe (in addition there is zero guarantee that miners would instantly let blocks get filled up to 2 MB ). However, take a look at Bitcoinfees; it shows that most of the transactions included a fee that is much lower than the recommended one. This is odd.

[Amph]

1mb can not last forever everyone know this, it is time to upgrade, and bring some room to the block limit, it will be done in june this year so no worry about it

i think poeple can wait 4 months, because they waited years for this fix so...

[VeritasSapere]

I am sad to see this. Bitcoin is not meant to operate in such an overloaded state. That was never part of the original design or plan. The blocksize limit should be above the average transaction volume. You have your head in the sand if you think that making Bitcoin less reliable and more expensive is a good thing. It most certainly is not, we do not even have layer two solutions right now, which is why new users will most likely adopt fiat and altcoin solutions instead. If the blocksize is not increased I expect to see Bitcoin out competed and obsolesced.

[pereira4]

Never had to wait 3 days for a transaction... that's insane. If you are waiting 3 days for a transaction you are paying a shitty or just no fee, so that's you deserve if you want to go the super cheap way. If you want to be just cheap and not super cheap, pay the default fee and the transaction will be confirmed in a matter of minutes.

[pedrog]

Never had to wait 3 days for a transaction... that's insane. If you are waiting 3 days for a transaction you are paying a shitty or just no fee, so that's you deserve if you want to go the super cheap way. If you want to be just cheap and not super cheap, pay the default fee and the transaction will be confirmed in a matter of minutes.

Paying a bigger fee doesn't magically increase block space.

[VeritasSapere]

1mb can not last forever everyone know this, it is time tp upgrade, and bring some room to the block limit, it will be done in june this year so no worry about it

i think poeple can wait 4 months, because they waited years for this fix so...

Only now are we truly reaching capacity. Four months is to long, it will be to late by that time with a change that does to little. I presume you are talking about SegWit to be released in June, since Core is unlikely to ever increase the blocksize, considering that they where even unable to promise and guarantee a blocksize increase by 2017/2018 in the recent satoshi round table meetings, which is why F2Pool dropped its support.

Core wants to fundamentally change the economic policy of Bitcoin, diverging from the original design and plan from Satoshi, this should be clear to everyone by now. We are now approaching the economic change event that Jeff Garzick warned us about.

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011973.html

[watashi-kokoto]

25.5 MB?

I see just 9286 tx and 15.05 MB

slightly above normal but nothing out of ordinary

EDIT: it's monday, one of the busier days, a little bit of commerce activity is nothing unusual

[franky1]

1mb can not last forever everyone know this, it is time tp upgrade, and bring some room to the block limit, it will be done in june this year so no worry about it

i think poeple can wait 4 months, because they waited years for this fix so...

june?
i thought core was still on the mindset of ptting in code in july with a 12 month grace period. meaning people have to wait 16 months in total

so have they agreed to put it in aprils release (im guessing by your statement) with a 2 month grace period(again guessing by your statement)?

[Videodrome]

and today some big fish are moving founds

https://blockchain.info/it/tx/20c4dc302b27e27d712f4f2786944cfd81ef6b1ec0ed67b555ea237cb4b4ff49

[Lutpin]

I see just 9286 tx and 15.05 MB

Maybe you're looking in the wrong place then.

[VeritasSapere]

Never had to wait 3 days for a transaction... that's insane. If you are waiting 3 days for a transaction you are paying a shitty or just no fee, so that's you deserve if you want to go the super cheap way. If you want to be just cheap and not super cheap, pay the default fee and the transaction will be confirmed in a matter of minutes.

Paying a bigger fee doesn't magically increase block space.

There is not enough space for everyone to transact regardless of the fee that is payed.

Further, wallet software User experience is very, very poor in a hyper-competitive fee market.

[Foxpup]

It's a spam attack. My mempool just hit 80k transactions but the smart fee hasn't increased at all. Fee-paying transactions are completely unaffected, and the spam transactions will never confirm, regardless of block size. Anyone dragging the block size debate squabble into it doesn't know what they're talking about.

[watashi-kokoto]

Now
11426
 18.63 MB



Another stress test?

[Amph]

1mb can not last forever everyone know this, it is time tp upgrade, and bring some room to the block limit, it will be done in june this year so no worry about it

i think poeple can wait 4 months, because they waited years for this fix so...

Only now are we truly reaching capacity. Four months is to long, it will be to late by that time with a change that does to little. I presume you are talking about SegWit to be released in June, since Core is unlikely to ever increase the blocksize, considering that they where even unable to promise and guarantee a blocksize increase by 2017/2018 in the recent satoshi round table meetings, which is why F2Pool dropped its support.

Core wants to fundamentally change the economic policy of Bitcoin, diverging from the original design and plan from Satoshi, this should be clear to everyone by now. We are now approaching the economic change event that Jeff Garzick warned us about.

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011973.html

i'm not sure but i've read somewhere, that the core team want to increase the capacity besides the segwit thing, they first will do the segwit upgrade then they will increase the capacity to 2mb, with an effective 4mb as a new limit or slightly below it

1mb can not last forever everyone know this, it is time tp upgrade, and bring some room to the block limit, it will be done in june this year so no worry about it

i think poeple can wait 4 months, because they waited years for this fix so...

june?
i thought core was still on the mindset of ptting in code in july with a 12 month grace period. meaning people have to wait 16 months in total

so have they agreed to put it in aprils release (im guessing by your statement) with a 2 month grace period(again guessing by your statement)?

ah yeah july, i mistaken it