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Author Topic: Millions of bitcoins move amidst an "attack" keeping transaction fees high  (Read 1036 times)
franky1
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March 01, 2016, 09:55:40 PM
 #21

This is because somebody is moving the same coins back and forth within the same block. This started from 17MhK5V3d2LA9xPgA88h3a1rsfCAFFq7H3 with a balance of 3,731.5 BTC. OP you might want to correct your title and first post since it is not 2 million Bitcoins but rather the same ones sent back and forth.

follow the money...
If you have time to go through so many transactions be my guest. I've posted the starting address from that block.

the 2 million coins are NOT from that one source address..

check the time stamps. you will see the funds move one time per block.. not thousands of times within the same block.. plus its impossible to confirm a transaction without first having a confirmation of the previous, so you will never see a block filled with funds from a same origin point all in the same block..

however it can bloat up the mempool with thousands of transactions waiting to be confirmed. all with the same bot created timestamp.

if it was a bot creation you would be able to tell by the timestamps.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
alani123 (OP)
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March 03, 2016, 11:02:55 AM
 #22

Redditors are reporting that after looking into their nodes, a large percentage of what was clogging the mempool were 5 month old rebroadcasted transactions (coinwallet spam).

https://np.reddit.com/r/Bitcoin/comments/48pree/why_there_are_5_months_old_unconfirmed/

Same on tradeblock.


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March 03, 2016, 07:34:14 PM
 #23

Redditors are reporting that after looking into their nodes, a large percentage of what was clogging the mempool were 5 month old rebroadcasted transactions (coinwallet spam).

https://np.reddit.com/r/Bitcoin/comments/48pree/why_there_are_5_months_old_unconfirmed/
This is quite interesting; I certainly did not anticipate that there would be a correlation with the past attack. This is why people should definitely stay away from both Classic and BU. They are trying to manipulate people into joining them by creating a false sense of urgency. They start complaining about bad user experience when in-fact they're the ones (supporters) who caused it in the first place. We're at ~14k unconfirmed transactions now; seems to be slowly improving.

Jesus, this graph looks like the FTIR spectrum of chymotrypsin.  Bad memories.  
It goes even further, albeit my machine started to act sluggish (this one is not suitable for such) so I stopped there.

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franky1
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March 03, 2016, 07:39:24 PM
 #24

Redditors are reporting that after looking into their nodes, a large percentage of what was clogging the mempool were 5 month old rebroadcasted transactions (coinwallet spam).

https://np.reddit.com/r/Bitcoin/comments/48pree/why_there_are_5_months_old_unconfirmed/
This is quite interesting; I certainly did not anticipate that there would be a correlation with the past attack. This is why people should definitely stay away from both Classic and BU. They are trying to manipulate people into joining them by creating a false sense of urgency. They start complaining about bad user experience when in-fact they're the ones who caused it in the first place. We're at ~14k unconfirmed transactions now; seems to be slowly improving.

Jesus, this graph looks like the FTIR spectrum of chymotrypsin.  Bad memories.  
It goes even further, albeit my machine started to act sluggish (this one is not suitable for such) so I stopped there.

lauda you are truely failing your core shilling.

its not a debate about core vs classis, .. its about 2mb that CORE could and SHOULD include..

put it another way if capacity does not need to be increased then there is no reason for you to defend segwit as the needed tool for capacity growth because your own argument that capacity doesnt need increasing also means that segwit is not needed as a solution to capacity increase. so anyone spouting out that segwit is great for the needed capacity growth must be saying that capacity growth is needed..

try to use logic next time.


2mb debate has been going on since summer 2015.. and guess what. classic and BU was not even invented/envisioned or proposed then. so just stop trying to turn the capacity debate into a "us vs them" political debate.

2mb should be included in core along with the 12 other implementations. there is no battle for control because ultimately no one, including core... no one should have control of the code

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
Windpower
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March 03, 2016, 08:24:19 PM
 #25

how much is the fees as of right now, as percentage

of mining power eanings (ie without the fees)
I'm not sure what it is as a percentage, but it is about 40-50 thousand satoshi. I am used to paying 10 thousand satoshi, but this is still quite a small amount.
alani123 (OP)
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March 04, 2016, 07:11:37 AM
 #26

Guess who here gives zero fucks. 13% of Antpool's blocks the last 30 days were empty. Followed by BW's 11%




https://np.reddit.com/r/Bitcoin/comments/48trxh/jihan_wu_on_twitter_an_exchange_pinged_me_and/d0mie5b

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