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Author Topic: More than 50,000 unconfirmed transactions  (Read 15668 times)
Kakmakr
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January 24, 2017, 05:40:52 AM
 #21

...
The spammer increasing their fees just causes legitimate transaction fees to increase since wallets use dynamic fee calculators, this prices the spammer out of the blocks since transaction fees are relatively small for the legitimate users but large for the spammer(since they are trying to buy a lot of block space). Without a cap fees would likely be too low to price the spammer out of the blocks.

The point of the spam is not to buy blockspace since there is way too much spam for that, or even compete with the ham but only to spam the nodes. Fee filters are not a defense since the spammer sets her fees above the filter but below the ham. 

Ok, So this is an attack targeted at nodes. Why would someone go through all the trouble to do that? Can this be a strategy to force people to accept SegWit or to make them realize that it is needed? The other possibility is that this is a external attack from a competitor, to take the network down.

What would be your opinion on the motive for this attack?

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January 24, 2017, 05:41:17 AM
 #22

Yeah I've been waiting over 8 hours. I hope it somehow confirms soon Sad
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January 24, 2017, 06:36:16 AM
 #23

...

Ok, So this is an attack targeted at nodes. Why would someone go through all the trouble to do that? Can this be a strategy to force people to accept SegWit or to make them realize that it is needed? The other possibility is that this is a external attack from a competitor, to take the network down.

What would be your opinion on the motive for this attack?

I suspect it is related to the blocksize issue. For example force a bigger blocksize etc. It will not bring down the Bitcoin network at least at the current levels, but it is having a negative impact. Increasing bandwidth costs for nodes, slowing down legitimate transactions, etc.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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January 24, 2017, 08:06:17 AM
 #24

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!



This is the Chinese Cashing Out before the Price Drop.

Longer you wait to do the same , the more capital you will lose.  Tongue


 Cool


Damn. If it really happen, we will all gonna die. F**k the Chinese, I will fly to Mars to live. Hope that there will be no Chinese around Mars. I can stand seeing the prices keep dropping and dropping



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nelson4lov
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January 24, 2017, 08:29:47 AM
 #25

...
The spammer increasing their fees just causes legitimate transaction fees to increase since wallets use dynamic fee calculators, this prices the spammer out of the blocks since transaction fees are relatively small for the legitimate users but large for the spammer(since they are trying to buy a lot of block space). Without a cap fees would likely be too low to price the spammer out of the blocks.

The point of the spam is not to buy blockspace since there is way too much spam for that, or even compete with the ham but only to spam the nodes. Fee filters are not a defense since the spammer sets her fees above the filter but below the ham. 

Ok, So this is an attack targeted at nodes. Why would someone go through all the trouble to do that? Can this be a strategy to force people to accept SegWit or to make them realize that it is needed? The other possibility is that this is a external attack from a competitor, to take the network down.

What would be your opinion on the motive for this attack?


First We need to be sure If It's an attack on the bitcoin Network. As You say, I don't see any reason why someone will go through or the stress for flood the blockchain with Unconfirmed Transactions.

If It's an attack to made people embrace Segwit and Unconfirmed Transaction become more consistent, We may have to adopt Segwit.

Yeah I've been waiting over 8 hours. I hope it somehow confirms soon Sad


Over 8 hours? I'm extremely worried over My transactions that have been stucked for 3 hours now. Maybe we just need to wait a little longer Wink

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Donatelo
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January 24, 2017, 08:34:51 AM
 #26

Whtas happen to the mining guys?
70k unconfirmed tx??
Never seen that before.
https://blockchain.info/tx/ce9b7a684a35c9885445eaee38f85eef5a5debe82d6aced4a9d54f18035b3e53
Withdaw from paxful 0.063 i made yesterday. (14h ago) And it stucked. Can it be pruned from database ? Can it happen that i lose my money?
Please someone confirm that tx.
Please someone broadcast it.
Thanks in advance
Pettuh4
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January 24, 2017, 08:39:49 AM
 #27

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!


I'm totally shocked because I've been waiting for about 2 hours now for my transaction to be confirmed and luckily I received a link about unconfirmed transactions which I checked and currently the unconfirmed transactions are approaching a whopping 70k and no more at the 50k you earlier stated so this is becoming alarming.

lurker10
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January 24, 2017, 08:45:06 AM
 #28

It isn't an attack.

A large mining difficulty adjustment happened yesterday, less blocks are mined compared to the last adjustment blocks period. In the last period blocks were mined too fast because miners added much mining power. Now it's back to normal speed of 1 block in 10 min on average.
When network is saturated and it has been since a few months ago, this normal speed is not enough and it results in a backlog.

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January 24, 2017, 08:49:34 AM
 #29

Whtas happen to the mining guys?
70k unconfirmed tx??
Never seen that before.
https://blockchain.info/tx/ce9b7a684a35c9885445eaee38f85eef5a5debe82d6aced4a9d54f18035b3e53
Withdaw from paxful 0.063 i made yesterday. (14h ago) And it stucked. Can it be pruned from database ? Can it happen that i lose my money?
Please someone confirm that tx.
Please someone broadcast it.
Thanks in advance

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.

Donatelo
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January 24, 2017, 08:51:09 AM
 #30

Whtas happen to the mining guys?
70k unconfirmed tx??
Never seen that before.
https://blockchain.info/tx/ce9b7a684a35c9885445eaee38f85eef5a5debe82d6aced4a9d54f18035b3e53
Withdaw from paxful 0.063 i made yesterday. (14h ago) And it stucked. Can it be pruned from database ? Can it happen that i lose my money?
Please someone confirm that tx.
Please someone broadcast it.
Thanks in advance

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.
The fee was payed by paxful. Not by me.
Hate that!
Please can someone add it to a block? Please
lurker10
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January 24, 2017, 08:54:12 AM
 #31

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.
The fee was payed by paxful. Not by me.
Hate that!
Please can someone add it to a block? Please

We can't control others who send us Bitcoin. A service I used paid a 80 sat/byte fee and it just took 8 hours to confirm.

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January 24, 2017, 09:02:33 AM
 #32

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.
The fee was payed by paxful. Not by me.
Hate that!
Please can someone add it to a block? Please

We can't control others who send us Bitcoin. A service I used paid a 80 sat/byte fee and it just took 8 hours to confirm.
Just...

I thought it could be added to a.miner manually. Probably i was wrong..
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January 24, 2017, 09:05:07 AM
 #33

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.
The fee was payed by paxful. Not by me.
Hate that!
Please can someone add it to a block? Please

We can't control others who send us Bitcoin. A service I used paid a 80 sat/byte fee and it just took 8 hours to confirm.
Just...

I thought it could be added to a.miner manually. Probably i was wrong..

sure it can be... if you can bribe the miner to give you priority service Smiley

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January 24, 2017, 09:10:43 AM
 #34

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.
The fee was payed by paxful. Not by me.
Hate that!
Please can someone add it to a block? Please

We can't control others who send us Bitcoin. A service I used paid a 80 sat/byte fee and it just took 8 hours to confirm.
Just...

I thought it could be added to a.miner manually. Probably i was wrong..

sure it can be... if you can bribe the miner to give you priority service Smiley
I will pay 1€ in bitcoins for someone to do so. Anyone?
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January 24, 2017, 09:11:17 AM
 #35


We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!


I agree, so let's think about this like business men. If you want the miners to do something, you have to use incentives. How can we pressure and/or incentive miners into accepting SegWit? How can we economically punish those who do not? Money talks and bullshit walks, if what we do does not affect their profits then they won't give a fuck.

Let's come up with ideas; I have at least 1:

  • Start a donation drive and give the proceeds directly to SegWit supporting pools
  • Buy mining equipment and mine at a loss in order to contribute to a SegWit pool
  • More ideas?
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January 24, 2017, 09:19:11 AM
 #36

It's not the first time that the mempool is stacked, and it definitely won't be the last time, so complaining is quite pointless. If your transactions have priority, then adapt to the situation and include a higher fee the next time, or simply double spend the current transaction with a higher fee. That's exactly what I do, and most of the times my transaction gets included in the next block. See it as an auction where you have to bid higher than other people to win (get your transaction included in the next block).

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January 24, 2017, 09:21:21 AM
 #37

It's not the first time that the mempool is stacked, and it definitely won't be the last time, so complaining is quite pointless. If your transactions have priority, then adapt to the situation and include a higher fee the next time, or simply double spend the current transaction with a higher fee. That's exactly what I do, and most of the times my transaction gets included in the next block. See it as an auction where you have to bid higher than other people to win (get your transaction included in the next block).
So what if we withdraw money from exchanges and the fee is not depend on us?
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January 24, 2017, 09:38:03 AM
 #38

It's not the first time that the mempool is stacked, and it definitely won't be the last time, so complaining is quite pointless. If your transactions have priority, then adapt to the situation and include a higher fee the next time, or simply double spend the current transaction with a higher fee. That's exactly what I do, and most of the times my transaction gets included in the next block. See it as an auction where you have to bid higher than other people to win (get your transaction included in the next block).
So what if we withdraw money from exchanges and the fee is not depend on us?

In that case the user is not to be blamed, but the exchange is. Exchanges should either implement a forced fee of like 0.001BTC, or they should allow users to set a custom fee where there is a minimum of at least 0.0005BTC. In current times, users should be given these options as there is no way that the stingy fees that exchanges include for their withdrawals are enough.

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January 24, 2017, 09:49:59 AM
 #39

This happens most of the time specially if there are new HYIPs that paying small amount of bitcoin, which is seducing people to invest on their sites and return their bitcoin in the right time but the amount has been doubled, nad going to run if many people had already invest to them, resulting this kind of situation when those people are withdrawing their small investment on a certain HYIP site causing many unconfirmed transaction on the blockchain.


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January 24, 2017, 09:55:00 AM
 #40

At the moment I have a similar problem with 0.0030 btc in about 24 hours and still waiting for approval.

Segwit seems to need we need to increase the size of the block, but I can say that the source of the problem is not quite as big as the boom.

Especially for small-scale transactions it takes too long to get approval.


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