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Author Topic: What we can do to confirm transactions faster?  (Read 4636 times)
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February 23, 2017, 10:11:18 AM
 #1

100k unconfirmed transactions and developers still not implemented segwit and lightning network.
Well if developers not implementing things we need for Bitcoin what can we do to confirm transations faster?

Should we run full node?
Full node helps other users to download blockchain and verify transactions but i never heard that it helps to confirm transactions faster

Should we run miner?

I am interested to run full node and miner but seems that more miners and full nodes won't help we need segwit and lightning network to be implemented faster and more nodes and miners won't help to confirm transactions faster?
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February 23, 2017, 10:31:48 AM
 #2

100k unconfirmed transactions and developers still not implemented segwit and lightning network.
Well if developers not implementing things we need for Bitcoin what can we do to confirm transations faster?

Should we run full node?
Full node helps other users to download blockchain and verify transactions but i never heard that it helps to confirm transactions faster

No, running full nodes wouldn't solve the amount of unconfirmed tx's in the mempool

Should we run miner?

I am interested to run full node and miner but seems that more miners and full nodes won't help we need segwit and lightning network to be implemented faster and more nodes and miners won't help to confirm transactions faster?

No, running a miner will increase the total network's hashrate, slightly reducing the average time between blocks untill the next retargetting (2016 blocks). So in other words, adding a miner to the network will help for a very limited time, after a couple days (maximum 2016 blocks) the diff will rise and the time between blocks will once again be ~10min on average.

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February 23, 2017, 10:36:33 AM
 #3

the only thing you can do is to pay higher fees for the time being until this spam attack on the network is resolved otherwise you are just going to be stuck on thousands of transactions that are paying more than you.














 

 

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February 23, 2017, 10:38:02 AM
 #4

100k unconfirmed transactions and developers still not implemented segwit and lightning network.
Well if developers not implementing things we need for Bitcoin what can we do to confirm transations faster?

Should we run full node?
Full node helps other users to download blockchain and verify transactions but i never heard that it helps to confirm transactions faster

No, running full nodes wouldn't work

Should we run miner?

I am interested to run full node and miner but seems that more miners and full nodes won't help we need segwit and lightning network to be implemented faster and more nodes and miners won't help to confirm transactions faster?

No, running a miner will increase the total network's hashrate, slightly reducing the average time between blocks untill the next retargetting (2016 blocks)

So, wait and pray when developers implement segwit and lightning network is the best? Cheesy
I guess i need to start learning more about bitcoin code and try to write better code implementations myself...
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February 23, 2017, 10:41:01 AM
 #5

So, wait and pray when developers implement segwit and lightning network is the best? Cheesy
I quess i need to start learning more about bitcoin code and try to write better code implementations myself...

That's a discussion i don't want to start, but yes, segwit, LN, BU are all options/directions. Each option will have pro's and con's.
For now, you can either pay more fees, wait longer to get your tx into a block, or switch to a stable altcoin...

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February 23, 2017, 10:44:05 AM
 #6

why do you keep repeating developers, they are just developing the code, it is up to the users and miners to adopt that code. and right now we are waiting for the miners to adopt a solution which you can follow in a website such as coin.dance to see how many of them are signalling what.

p.s. if you want to know about any of the solutions and see if it is good or bad, then read about it yourself from the code or ask someone whom you trust to explain it to you. otherwise you will get so many false information if you just read the comments around here.














 

 

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February 23, 2017, 11:10:46 AM
 #7

100k unconfirmed transactions and developers still not implemented segwit and lightning network.
Well if developers not implementing things we need for Bitcoin what can we do to confirm transations faster?

Should we run full node?
Full node helps other users to download blockchain and verify transactions but i never heard that it helps to confirm transactions faster

Should we run miner?

I am interested to run full node and miner but seems that more miners and full nodes won't help we need segwit and lightning network to be implemented faster and more nodes and miners won't help to confirm transactions faster?

SegWit IS implemented.

About the only thing you can do, practically, is run a miner that does so.  You and many other people.  The miners are the current block on SegWit adoption.

See, e.g.:
http://data.bitcoinity.org/bitcoin/block_version/5y?c=block_version&r=week&t=a
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February 23, 2017, 01:27:40 PM
 #8

100k unconfirmed transactions and developers still not implemented segwit and lightning network.
Well if developers not implementing things we need for Bitcoin what can we do to confirm transations faster?

Should we run full node?
Full node helps other users to download blockchain and verify transactions but i never heard that it helps to confirm transactions faster

Should we run miner?

I am interested to run full node and miner but seems that more miners and full nodes won't help we need segwit and lightning network to be implemented faster and more nodes and miners won't help to confirm transactions faster?

SegWit IS implemented.

About the only thing you can do, practically, is run a miner that does so.  You and many other people.  The miners are the current block on SegWit adoption.

See, e.g.:
http://data.bitcoinity.org/bitcoin/block_version/5y?c=block_version&r=week&t=a


There's no info that segwit implemented
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February 23, 2017, 01:42:26 PM
 #9

the only thing you can do is to pay higher fees for the time being until this spam attack on the network is resolved otherwise you are just going to be stuck on thousands of transactions that are paying more than you.

That is the only solution for the fast transaction confirmation as until their is no other solution only higher fees transaction are getting confirm faster, as they are cleared fast by the miners as they are getting high fees to confirm the transaction.

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February 23, 2017, 02:28:42 PM
 #10

100k unconfirmed transactions and developers still not implemented segwit and lightning network.
Well if developers not implementing things we need for Bitcoin what can we do to confirm transations faster?

Should we run full node?
Full node helps other users to download blockchain and verify transactions but i never heard that it helps to confirm transactions faster

Should we run miner?

I am interested to run full node and miner but seems that more miners and full nodes won't help we need segwit and lightning network to be implemented faster and more nodes and miners won't help to confirm transactions faster?

SegWit IS implemented.

About the only thing you can do, practically, is run a miner that does so.  You and many other people.  The miners are the current block on SegWit adoption.

See, e.g.:
http://data.bitcoinity.org/bitcoin/block_version/5y?c=block_version&r=week&t=a


There's no info that segwit implemented

There is a lot of information showing that segwit is implemented all over the internet.  E.g. if you take a look at GitHub:
https://github.com/bitcoin/bitcoin/blob/a49b4a75a1b671492e65eed17d6894d85ea5ebfd/doc/release-notes/release-notes-0.13.1.md

You can also use Google or Bing or ... to search for more references, but the code on GitHub shows the implementation.


This link:
http://data.bitcoinity.org/bitcoin/block_version/5y?c=block_version&r=week&t=a

which was included above is showing you segwit signaling from miners.  Until the miners accept it, it will not be activated.  Clearly the code is implemented, if you want to argue about that, there is no point in continuing to ask questions.

In short, segwit not being implemented is incorrect, the developers have done so.  Conversely, segwit is not activated yet, until a sufficient number of miners signal support.


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February 23, 2017, 02:39:12 PM
 #11

Currently Segwit is already implemented, however it has not activated yet. This means that it can't be used yet so the benefits of segwit don't exist yet?

The only that you can do is pressure miners to 1) signal for segwit so that it activates sooner or 2) mine blocks to be as full as possible. Currently not all blocks are full, many are still empty or only partially full. If miners would mine full blocks, then part of the backlog would be reduced.

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February 23, 2017, 03:22:45 PM
 #12

Currently not all blocks are full, many are still empty or only partially full.

Can you clarify what you mean by "many" and "empty"?

There are rare occasions like this (454327) but it is not many.
The rest of the blocks which are the majority are full (>998).

This is unacceptable...
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February 23, 2017, 04:16:29 PM
 #13

OK now mining isn't something that we all can be a part of and as a result decision making is becoming more and more centralized.
Who are we fooling really? bitcoin is not going to stay a small community and network we'll going to get more transactions every day spam or legit.
What miners can't see is the integrity of the system as a whole in danger, if every time price going up we see more than 90k unconfirmed transactions we might as well pay a fee higher than $0.5 until price goes back down no other options for users.


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February 24, 2017, 03:27:07 AM
 #14

the only thing you can do is to pay higher fees for the time being until this spam attack on the network is resolved otherwise you are just going to be stuck on thousands of transactions that are paying more than you.

How do spam attacks work? I'm assuming that a spam attack is a bunch of dust transactions with little or no fee, otherwise trying to contest the network with volume would be prohibitevly expensive. If that is the case, why do spam attacks work, because wouldn't the miners not select any of those transactions from the mr pool because they have a very low or absent transaction fee? (Or have I erred in my assumptions?)

And second, what is the goal of a spam attack? What is gained by the attacker?


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February 24, 2017, 05:23:45 AM
 #15

How do spam attacks work? I'm assuming that a spam attack is a bunch of dust transactions with little or no fee, otherwise trying to contest the network with volume would be prohibitevly expensive. If that is the case, why do spam attacks work, because wouldn't the miners not select any of those transactions from the mr pool because they have a very low or absent transaction fee? (Or have I erred in my assumptions?)

And second, what is the goal of a spam attack? What is gained by the attacker?

step 1: have lots of money (bitcoin) to spend.
step 2: have a filthy agenda against bitcoin
step 3: send lots of transactions

it is not necessarily dust transactions, low fee, small,.... it started out (the first spam attack i saw) with 0.0001BTC with 0.0001BTC fee and since that is too obvious to find now it is random amounts with low to high fees.

here is one of them you can see: https://blockchain.info/address/1GDhoFrzbQ6Yp9LitKEH8xnWhUjhmaQRft
e.g. 77cb8ee8d319188dc42a634e171760e7881337513f82f0aec6127768d7467abd + 9e29fbe576b7f9da279c8fe6316cff6e09f0fbd3a70a99decbac978b96e91ea4 and lots of other transactions sending random amounts all with 40 inputs to make the transaction big and one output to the same destination! with seconds apart.

you can see some more here (i'll update it whenever i find a new and interesting one) https://bitcointalk.org/index.php?topic=1776143.0

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February 24, 2017, 11:08:22 AM
 #16

the only thing that I can see, it is that you should spend more costs to the transaction, which is the only way for you to send faster without by anyone. however it is too expensive, the administrator should try to fix this. they are the owner of a large corporation, so they have to be responsible with their customers

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February 24, 2017, 12:11:57 PM
 #17

How do spam attacks work? I'm assuming that a spam attack is a bunch of dust transactions with little or no fee, otherwise trying to contest the network with volume would be prohibitevly expensive. If that is the case, why do spam attacks work, because wouldn't the miners not select any of those transactions from the mr pool because they have a very low or absent transaction fee? (Or have I erred in my assumptions?)

And second, what is the goal of a spam attack? What is gained by the attacker?

step 1: have lots of money (bitcoin) to spend.
step 2: have a filthy agenda against bitcoin
step 3: send lots of transactions

it is not necessarily dust transactions, low fee, small,.... it started out (the first spam attack i saw) with 0.0001BTC with 0.0001BTC fee and since that is too obvious to find now it is random amounts with low to high fees.

here is one of them you can see: https://blockchain.info/address/1GDhoFrzbQ6Yp9LitKEH8xnWhUjhmaQRft
e.g. 77cb8ee8d319188dc42a634e171760e7881337513f82f0aec6127768d7467abd + 9e29fbe576b7f9da279c8fe6316cff6e09f0fbd3a70a99decbac978b96e91ea4 and lots of other transactions sending random amounts all with 40 inputs to make the transaction big and one output to the same destination! with seconds apart.

you can see some more here (i'll update it whenever i find a new and interesting one) https://bitcointalk.org/index.php?topic=1776143.0
The attackers used to exploit the sigops limit in the blocks and intentionally created transaction with a high sigops. Since there is a limit in the blocks, the miner cannot have too many sigops in a block. The transactions that can be included is thus lesser.

I'm not sure if this problem was completely migrated or not.














 

 

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Kemarit
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February 24, 2017, 12:19:08 PM
 #18

How do spam attacks work? I'm assuming that a spam attack is a bunch of dust transactions with little or no fee, otherwise trying to contest the network with volume would be prohibitevly expensive. If that is the case, why do spam attacks work, because wouldn't the miners not select any of those transactions from the mr pool because they have a very low or absent transaction fee? (Or have I erred in my assumptions?)

And second, what is the goal of a spam attack? What is gained by the attacker?

step 1: have lots of money (bitcoin) to spend.
step 2: have a filthy agenda against bitcoin
step 3: send lots of transactions

it is not necessarily dust transactions, low fee, small,.... it started out (the first spam attack i saw) with 0.0001BTC with 0.0001BTC fee and since that is too obvious to find now it is random amounts with low to high fees.

here is one of them you can see: https://blockchain.info/address/1GDhoFrzbQ6Yp9LitKEH8xnWhUjhmaQRft
e.g. 77cb8ee8d319188dc42a634e171760e7881337513f82f0aec6127768d7467abd + 9e29fbe576b7f9da279c8fe6316cff6e09f0fbd3a70a99decbac978b96e91ea4 and lots of other transactions sending random amounts all with 40 inputs to make the transaction big and one output to the same destination! with seconds apart.

you can see some more here (i'll update it whenever i find a new and interesting one) https://bitcointalk.org/index.php?topic=1776143.0

If I made add, they can also creates a loop by sending low to high fees back to itself,
overloading the bitcoin network.

Nice catch there pooya87. I'm also amaze how someone will try or attempt to
disrupt the network by doing spam attack. I don't know what benefits someone
doing this to blockchain. However, I think if we have identified a rouge wallet
doing this, can we just block his bitcoin wallet to stop his malicious intent to
clogged the bitcoin network which make legitimate transaction wait for hours
or even days just to process the transaction?

 

Yogafan00000
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February 24, 2017, 05:58:54 PM
 #19

And second, what is the goal of a spam attack? What is gained by the attacker?

My favourite conspiracy theory is that it's some miner(s) who flood the network with transactions, forcing legitimate users to increase their fees in their normal transactions.

This works because the miner can just collect his own fees back. (of course only on the blocks they mine)  It also explains the hold up on scaling solutions.  Scaling solutions break their scam.

No proof, just fun speculation.

1YogAFA... (oh, nevermind)
BuySomeBitcoins
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February 25, 2017, 01:32:24 AM
 #20

The list of miners against Segwit is way too long.

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