[1000 unconfirmed transaction] Spam attack has practically ended for 2 days!

[pooya87]

everyone is too busy arguing about nonsense about a possible fork in a far away future and lots of FUD in this board alone, that they even missed the fact that the memory pool has been literary empty for the past 48+ hours!

as i am writing this there are 920 unconfirmed transactions in the memory pool and the last 4 blocks are practically empty

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I know i am going to jinx it now
update 21/3 I jinxed it

[induktor]

It was 600 unconfirmed a minute ago, also the network is working lightning fast!, i did 3 TX and all of them went through in less than 3 minutes! wow!

what is going on?, I always get suspicious when things works too well, usually the calm before the storm 

[lukew]

Maybe someone sat on a breaker for the spam-o-tron server and it's just rebooting

[pooya87]

It was 600 unconfirmed a minute ago, also the network is working lightning fast!, i did 3 TX and all of them went through in less than 3 minutes! wow!

what is going on?, I always get suspicious when things works too well, usually the calm before the storm 

well an spam attack[1] costs money. all these transactions are paying a fee which was also rising high to the miners and when you multiply that by thousands of transaction each hour and then multiply it by many days of the week the amount sums up to be very huge.

and when you create too many inputs, taking the money out to one main address costs a lot too.
this tx[2] that is one of them costed $120

[1] https://bitcointalk.org/index.php?topic=1776143.0
[2] https://live.blockcypher.com/btc/tx/27b26807821178d6dbc4a08b5ccf9dab4459a967d975b8999b43afe504d44d2e/

[Lauda]

-snip-
as i am writing this there are 920 unconfirmed transactions in the memory pool and the last 4 blocks are practically empty

There is no "the" mempool. Which website did you use as your source for this information? There are some more shown here: https://www.blocktrail.com/BTC/pools?resolution=24h
My node is also hovering a bit above 1k unconfirmed transactions, at the time of writing. Hopefully you now see *who* might have been doing this to support *certain "urgent" solutions*.

[pooya87]

-snip-
as i am writing this there are 920 unconfirmed transactions in the memory pool and the last 4 blocks are practically empty

There is no "the" mempool. Which website did you use as your source for this information? There are some more shown here: https://www.blocktrail.com/BTC/pools?resolution=24h
My node is also hovering a bit above 1k unconfirmed transactions, at the time of writing. Hopefully you now see *who* might have been doing this to support *certain "urgent" solutions*.

thanks for the addition, i understand that.
i mostly meant as a comparison of numbers. 920ish (seen on https://blockchain.info/unconfirmed-transactions which is currently at 2507 also the similar number seen on http://statoshi.info/dashboard/db/memory-pool) versus 10,000 seen on the same sources back when the spam attack was ongoing.

[Carlton Banks]

Just goes to show how many people on Bitcointalk are actually running full nodes. Unconfirmed tx's have been creeping slowly down from 10,000 for the past 2 weeks on my node.

[lurker10]

Bitcoin network will not need the extra capacity of Bitcoin Unlimited as users began migration to other coins, cheaper to transact networks, you know their names.

[Jet Cash]

So are we getting close to the point where we can say "fork off" and start to invest in Bitcoin?

[Lauda]

Bitcoin network will not need the extra capacity of Bitcoin Unlimited as users began migration to other coins, cheaper to transact networks, you know their names.

Please name me a single viable alternative. By viable I mean the following:
1) Doesn't have an instamine / isn't a scam. (See Dash)
2) Isn't highly centralized / doesn't have a high king. (see Ethereum)
3) Doesn't have even worse scalability issues than Bitcoin. (see Monero)

Please indulge me.

Just goes to show how many people on Bitcointalk are actually running full nodes.

I'd say that the number is very low. A lot of people call themselves "Bitcoin enthusiasts", but they don't even have a single node running.

[pooya87]

~ users began migration to other coins, ~

keep dreaming my friend.

cheaper to transact networks, you know their names.

yeah i know all their names and i am enjoying the pumps. these altcoins being centralized and having huge premines and big ICO scams can also be beneficial to traders like me to make a huge and quick profit from these and get out.
their lifespan of being relevant is always too short, i have seen this for the past 4 years.

i am also well aware of why they are cheaper and why they are faster and well aware of the many downsides of them being faster and cheaper.

[Senor.Bla]

So the next logical step would be to see the transaction fees go down right? Transaction fees in USD will go down since the price dropped, so of course i mean fees in BTC (sat/byte).

[Soros Shorts]

Just goes to show how many people on Bitcointalk are actually running full nodes. Unconfirmed tx's have been creeping slowly down from 10,000 for the past 2 weeks on my node.

That's strange. I have maxmempool set to 4096MB on my node and unconfirmed tx's have dropped to around 2,200. Am I connected mostly to crap nodes that don't relay?

[AngryDwarf]

Just goes to show how many people on Bitcointalk are actually running full nodes. Unconfirmed tx's have been creeping slowly down from 10,000 for the past 2 weeks on my node.

That's strange. I have maxmempool set to 4096MB on my node and unconfirmed tx's have dropped to around 2,200. Am I connected mostly to crap nodes that don't relay?

Don't forget this setting:

Code:

-mempoolexpiry=<n>
Do not keep transactions in the mempool longer than <n> hours (default: 72) 

[pooya87]

So the next logical step would be to see the transaction fees go down right? Transaction fees in USD will go down since the price dropped, so of course i mean fees in BTC (sat/byte).

technically yes.
as soon as people realize this (their wallets see this actually) they start paying less fees. i just checked electrum and the highest fee suggested by the wallet was 100 satoshi per byte which is 54.5% lower than last week's 220 s/b

p.s. it is weird that http://bitcoinfees.21.co/ is still suggesting 220 s/b as fee!!! (i admit i have never checked how they come up with the suggestion yet )
although https://live.blockcypher.com/btc/ is suggesting lower

[freebutcaged]

Spammers are resting since they think that they have succeeded in their attempt to bring down the network and the market, also the transaction you posted as being a spam transaction I followed it's tree chart on blockchain.info and my browser literally froze because of too many clusters and too many addresses shown on my screen what does that mean? the tree chart/

[Soros Shorts]

Just goes to show how many people on Bitcointalk are actually running full nodes. Unconfirmed tx's have been creeping slowly down from 10,000 for the past 2 weeks on my node.

That's strange. I have maxmempool set to 4096MB on my node and unconfirmed tx's have dropped to around 2,200. Am I connected mostly to crap nodes that don't relay?

Don't forget this setting:

Code:

-mempoolexpiry=<n>
Do not keep transactions in the mempool longer than <n> hours (default: 72) 

I do indeed have the setting at the default 72 hours (I guess I can go a lot more with the mempool config that I have), but comparing apples to apples my node still had more than double the current 2,200 unconfirmed tx's just a few days ago.

I guess that there really is no "the mempool", even to the extent that some nodes might have mempool going up in size at the same time as others are going down.

[pooya87]

~
I do indeed have the setting at the default 72 hours (I guess I can go a lot more with the mempool config that I have), but comparing apples to apples my node still had more than double the current 2,200 unconfirmed tx's just a few days ago.

I guess that there really is no "the mempool", even to the extent that some nodes might have mempool going up in size at the same time as others are going down.

are you sure you are relaying everything?
i am no expert in this field but there are restriction that you can put on txs that you accept for example minRelayTxFee is one of them you may have had it at a high amount, rejecting most of the transactions out there.
https://bitcoin.stackexchange.com/questions/48235/what-is-the-minrelaytxfee

[DannyHamilton]

Sending spam that actually takes up space in the blockchain requires that the spam pay transaction fees just like everybody else.  Perhaps the spammers just ran out of funds?  Or perhaps the fees got so expensive that the spammers decided it wasn't worth the cost anymore?

[European Central Bank]

So are we getting close to the point where we can say "fork off" and start to invest in Bitcoin?

it still needs to be addressed but it ain't the life or death emergency so many have claimed (and were paying large amounts to 'prove').