Have a look. This is not mixing. This is spaming

[Gleb Gamow]

This is very strange for someone to waste this sort of BTCitcoin in which most of them will go for fee payments as result since it looks like a continuous type of transactions (mostly bot related). It could be used to deceive a brand that is paying perhaps (most likely a investment company that tricks into paying).

Definitely not brand related. The entity definitely has the bucks to do this. I'm leaning heavily toward the OP's assessment, namely clogging the pipes so to increase block size.

Here's an article dated the same day that the 14 addresses were created: http://coinjournal.net/bitcoin-will-need-to-scale-to-levels-much-higher-than-visa-mastercard-and-paypal-combined/

[1715216675]

1715216675

[1715216675]

1715216675

[eternalgloom]

It's a little bit odd, but I do not see anything being actually wrong with those transactions.
It does look like an automated process or something though and i wonder what the purpose is.

[mkc]

Once every 5 minutes is not spamming or stress test. I don't think so. This is some sort of bug in program, or something else.

For a spammer, you are looking for huge amount of transaction and close to nil transaction fee.

[spartacusrex]

Maybe he is encoding 'data' into the output amounts..

[ebliever]

There are various academics and other researchers out there conducting all manner of research in bitcoin. I suppose it could be someone's grad project, though what they are trying to learn I can't imagine.

[Kprawn]

This in my opinion is one of two things... 1. The person is part of a group of people that does this with different addresses, to add spam to the network. If I am correct, you would find more of this

during the same period, but with different address groupings. In this way, it does not look as if it is related, but it is part of the same attack. Or 2. Someone is using this as scam, to show payment

proof, but the money ends back in his/her own pocket. You would have to be stupid to fall for that, but people tend not to look any deeper than the surface.   

[alani123]

Maybe he is encoding 'data' into the output amounts..

lol no, it's plain spam... Probably to put pressure into the blocksize debate.

[maokoto]

I agree that he may be counting something with his transactions or something like that. If adequate fees are paid, it is also helping mining to be profitable. It's fine for me.

[onlinedragon]

For sure the person who own that adress is doing it with an reason. Can't imagine that the person who did this will do it if there wasn't any advantage.

[LeNakko]

I wouldnt say its flooding, since the owner himself pays fees for all that transactions.
My first thought would be that he is testing something for his own purposes or he is just an employer of some kind of Company.
I would also think that as somenone mentioned above it is being done for some scientific reasons, regarding Bitcoin and its improvements.
Either way I doubt that he doesnt know what he is doing, since the fees he is paying is quite a bit.

[~Bitcoin~]

To be correct the number 28k is the total number of transactions in this "stress-test".

Why do you assume this address is being used for 'stress-testing'?  Are you just making a guess?

Because there is no reason to just spend fees to move money from one address to another address just for fun. And again back and forth every 5 minute. 

[Gleb Gamow]

To be correct the number 28k is the total number of transactions in this "stress-test".

Why do you assume this address is being used for 'stress-testing'?  Are you just making a guess?

Because there is no reason to just spend fees to move money from one address to another address just for fun. And again back and forth every 5 minute. 

~U$1,400 worth of bitcoins for stress testing?

[CC-Resurgam]

To be correct the number 28k is the total number of transactions in this "stress-test".

Why do you assume this address is being used for 'stress-testing'?  Are you just making a guess?

Because there is no reason to just spend fees to move money from one address to another address just for fun. And again back and forth every 5 minute. 

~U$1,400 worth of bitcoins for stress testing?

wow man is it really calculated to be that much? or did you make that number up? eiter way it is rediculous to think someone is spending that much money for seemingly no reason

[AliceWonderMiscreations]

Could be that they are testing how the transactions are relayed through the P2P network - e.g. they have nodes set up at different locations and looking at which nodes receive transactions first.

[alani123]

Could be that they are testing how the transactions are relayed through the P2P network - e.g. they have nodes set up at different locations and looking at which nodes receive transactions first.

Meh, this is spam in its purest form. The number of transactions in the mempool has cooled down significantly so we know it wasn't actual usage. It's likely that someone taking sides in the blocksize debate initiated the spam attack to push an agenda.