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Author Topic: Mother of all spam attacks on bitcoin network! proof?  (Read 8153 times)
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pooya87 (OP)
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November 16, 2022, 05:42:14 AM
 #61

It's been a while since I've updated this topic but yesterday the mempool grew and with it the fees went up. Which is a normal thing when price volatility increases but when looking at how it all increased, things look start looking suspicious.

[Speculation]
In a natural mempool size growth we don't have a straight line because not everyone jumps on board of sending transactions at the same time specially not for a long period of time. It happens in "bursts", in other terms there should be a lot of different rates in the chart. Like this picture of a small rise from earlier this month.


However in a spam attack the attacker injects a large volume of spam transactions into the mempool usually at a fixed rate so the chart looks like the following picture which is from Nov. 14 to 15 over ~8 hours:


(Note that the count chart also shows the same thing but not as cleanly since with each new block the count drops but the "slope" is fixed which points to the fixed rate at which transactions entered mempool).

From there, it's just a matter of keeping the mempool full and preventing it from going back down to keep the fees up while avoiding a larger cost on the spammer (due to ever rising fee if the spam rate was sustained). Usually regular users do most of the work there and the spammer doesn't have to spend much:

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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November 16, 2022, 08:01:52 AM
Merited by pooya87 (2)
 #62

From there, it's just a matter of keeping the mempool full and preventing it from going back down to keep the fees up while avoiding a larger cost on the spammer (due to ever rising fee if the spam rate was sustained). Usually regular users do most of the work there and the spammer doesn't have to spend much

It will take about 8-16 hours for all these transactions to clear up.

There are almost 200vMB of these transactions in the mempool at the moment.

A block is mined every 10 minutes and can pack about 2-4vMB of transactions at once. So assuming the worst case scenario of 2vMB, we have 12 vMB packed up every hour, or ~17 hours to clear up the mempoo, It's half that amount if block sizes grow to 4vMB.

All this assuming that the number of new transactions goes down starting now.

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████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
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