What's wrong with Bitcoin?

[isa154]

BITCOIN network is under heavy attack.
BITCOIN Payments may be delayd because of this.
We are aware of this and waiting for the attack to be over.
Check the following link as it shows number of unconfirmed transactions in real-time.
https://blockchain.info/unconfirmed-transactions
Again , We know this and waiting for BITCOIN attack to be over.

What's wrong with Bitcoin, Blockchain, ePay? is there who can explain ... thanks.

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[n0ne]

If network has encountered heavy attack everything could have got collapsed. More threads have got generated based on the transaction confirmation delay. Users think this transaction confirmation delay a failure in the network. This is not truw, its just a short time impact due to the in expected price movement without the dependence on any factors.

[Qartersa]

I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.

[paul gatt]

Bitcoin network is attacked? according to you, that means attack of the hackers? I wonder if the transaction is not processed since yesterday is that it? the number of transactions is increasing dramatically, this is so bad. will be a very long time for the transaction to be confirmed. How people can control their network to be attacked? I can not understand it

[paul gatt]

I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.

I believe what you say is true. no hacker attacks, it is because the technology can not meet the needs of users, should occur congestion, I always hope it's improved since the first time it appears, however, I have yet to see any yet both good. hope they will have a better measure

[Zadicar]

I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.

I believe what you say is true. no hacker attacks, it is because the technology can not meet the needs of users, should occur congestion, I always hope it's improved since the first time it appears, however, I have yet to see any yet both good. hope they will have a better measure

Indeed,theres no other attack that directly go inside on bitcoin but we are just experiencing transaction congestion i dont know whats the really reason of this since i dont know where those spam transactions came from which makes too many unconfirmed transactions.

[The Sceptical Chymist]

I had two transactions stuck in the blockchain for >72 hours, and they finally both went through about 2 days ago.  Someone posted some sort of blockchain accelerator in another thread, and I used that.  Don't know if that's the reason my money went through, but probably.

This is why bitcoin is a lousy currency.  If you hold it, you're fine.  Try to buy something with it, as I did, and your order gets delayed for most of the week.  It's complete bullshit, and I'm not using bitcoin to buy anything ever again.  Using my debit card would have been a lot easier.

[RoommateAgreement]

dude it is over now. the number of unconfirmed transactions have gone down to 6600 today. it was about 100000 a couple of days ago at the peak of the attack.
and nothing is wrong with bitcoin it is healthy and strong and as far as price goes it is rising.
the only thing is a group of people who spam attack for a while and stop then start again in a while and they accomplish nothing apart from raising the fees.

and now that attack has stopped we should stop paying high fees and bring the fee amount down ourselves.

[carlfebz2]

dude it is over now. the number of unconfirmed transactions have gone down to 6600 today. it was about 100000 a couple of days ago at the peak of the attack.
and nothing is wrong with bitcoin it is healthy and strong and as far as price goes it is rising.
the only thing is a group of people who spam attack for a while and stop then start again in a while and they accomplish nothing apart from raising the fees.

and now that attack has stopped we should stop paying high fees and bring the fee amount down ourselves.

True,bitcoin transaction numbers are now on its normal state on which we dont really need to put high tx fee and should put on the average fee.This spam on network isnt permanent at all because there are days which do we really experience it but miners still do their job anyway.

[Wind_FURY]

I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.

You are wrong. It is being spammed until the mem pool is flooded. You also clearly do not know much of what is going on. Try to follow the Twitter accounts of known Bitcoiners like GMaxwell or Peter Todd. Peter Todd tweeted once that the network congestion is unnatural. That it clearly is being spammed by someone or some group. Old Bitcoiners here claim to know who is behind it.

[positivezero]

Well bitcoin maybe would encounter this kind of problems sometimes. This actually happens but it will be stop sooner or later, maybe its because bitcoin become bigger and bigger and more users used bitcoin. Honestly in my opinion this kind of problems is just normal, since it is part of everything, facing problems but we, users can easily find a better solutions to stop the unwanted attacks

[Qartersa]

I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.

You are wrong. It is being spammed until the mem pool is flooded. You also clearly do not know much of what is going on. Try to follow the Twitter accounts of known Bitcoiners like GMaxwell or Peter Todd. Peter Todd tweeted once that the network congestion is unnatural. That it clearly is being spammed by someone or some group. Old Bitcoiners here claim to know who is behind it.

It piles up you know, even with or without an attack upon the blockchain. But regardless, I really do believe we have to do something about the fees and the speed of the transactions. The problem only gets worse and the fees gets more expensive. That's a concern we all have to do something about.

[pooya87]

you should ask what is wrong with people! bitcoin is working as it should be.

on one hand we have developers and the community that can not come to a consensus as to how to solve this prolonged block size debate.

on another hand we have the miners who seems to be more than happy about the current situation with the fee war and enjoying the massive bonus they are getting for free that has made they greedy profit ~8% more

and in the middle of all this we have an entity spamming the network. i don't know what they try to achieve but the only result of this is pissed of users and richer miners and absolutely nothing else.

[staff_1307]

I think it is not through an attack, because I'm sure that Bitcoin strong defense, most likely this is a large stream of users and the burden on Bitcoin.

[Mr.grin]

Well, I guess Unconfirmed Transactions that occur at this time, still better than yesterday. a few days ago, Unconfirmed Transactions almost reached 90000, and it was really bad. I also do not really know for sure what caused it to happen, but if it happens continuously, maybe it will affect the performance of the fastest transaction bitcoin as a tool on the internet.

[WestWorld]

It is a volatile and fragile infrastructure to say the least.
But it does work even if it is held together with bubble gum and tape at some places.
It does still manage to function.

[Juggy777]

I don't know why the Op has called it a attack on the network there are already so many threads on this topic already and another one, have you even seen the price of Bitcoin lately it's touched the sky. Every one has began selling and this was bound to happen due to enormous sales happening. People want to cash out and that's what causing it. The network just fine, just people are getting worried that the transactions are getting stuck and they never will be confirmed, the truth is that they know it will be confirmed, but are worried 😓 that they may get a lower price, so I think people really need to relax and wait for things to cool down. And use. Only one thread for this don't make countless threads on the same topic.

[virusasog]

I think it is not through an attack, because I'm sure that Bitcoin strong defense, most likely this is a large stream of users and the burden on Bitcoin.

It is a long stream for the person who hold it is for a long term. No one can attack the bitcoin firewall. You can consider is defense until your private key is known to anyone. Keep that as safe and don't share it anyone.

[qiwoman2]

I think the congestion is just because more and more users are using the bitcoin network for transactions. I had one transaction stuck in the blockchain for over four days, which is the worst ever, even though I had paid an advance fee of 87 cents lol, but hey it's o.k now. 

[Kabul]

There is a guy who told me that Bitcoin is under attacked of spamming transactions. The blockchain system can not deal with this attack and the results are that all transactions have been delayed and unconfirmed for more than 24 hours. However, I have a solution for myself already so that it does not bother me