Are Mining pools spamming the network with fake transactions?

[Quantus]

 
Are Mining pools spamming the network with fake transactions to prop up transaction fees and push a false narrative about full blocks to support BU and usurp the power to adjust block size?
Or am I just crazy?  Its my personal belief that 80 to 90% of all transactions are fake.

[rizzlarolla]

Are Mining pools spamming the network with fake transactions to prop up transaction fees and push a false narrative about full blocks to support BU and usurp the power to adjust block size?
Or am I just crazy?  Its my personal belief that 80 to 90% of all transactions are fake.

Bitfury are including thousands of fake tx's into their blocks using this address. Bitfury support segwit.
https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f

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added

600+ tx included in block 458160 mined by bitfury today.
550+ tx included in block 458138 mined by bitfury today.

Bitfury been doing this for couple months now.

[shield132]

Are Mining pools spamming the network with fake transactions to prop up transaction fees and push a false narrative about full blocks to support BU and usurp the power to adjust block size?
Or am I just crazy?  Its my personal belief that 80 to 90% of all transactions are fake.

Yes, every fake transaction that is unnecesary, is spamming bitcoin network and that causes slow confirmation time and high fees.  Well, bitcoin has many users and if we just think that 90% of transactions are fake, that means only 10% is real user, which is very, very low and spammy result, maybe your thought is out of reality.

[-ck]

Are Mining pools spamming the network with fake transactions to prop up transaction fees and push a false narrative about full blocks to support BU and usurp the power to adjust block size?
Or am I just crazy?  Its my personal belief that 80 to 90% of all transactions are fake.

Bitfury are including thousands of fake tx's into their blocks using this address. Bitfury support segwit.
https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f

Wait a minute... it's the propagation of unconfirmed transactions that leads to mempool blowout, transaction fees growing, and network backlog. Bitfury is mining the transactions into blocks and removing them from the network backlog. How does that implicate bitfury?

[AngryDwarf]

Wait a minute... it's the propagation of unconfirmed transactions that leads to mempool blowout, transaction fees growing, and network backlog. Bitfury is mining the transactions into blocks and removing them from the network backlog. How does that implicate bitfury?

Take a look at the receive time, and the time they are included in a block. It makes you wonder what the reason is.

[rizzlarolla]

Are Mining pools spamming the network with fake transactions to prop up transaction fees and push a false narrative about full blocks to support BU and usurp the power to adjust block size?
Or am I just crazy?  Its my personal belief that 80 to 90% of all transactions are fake.

Bitfury are including thousands of fake tx's into their blocks using this address. Bitfury support segwit.
https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f

Wait a minute... it's the propagation of unconfirmed transactions that leads to mempool blowout, transaction fees growing, and network backlog. Bitfury is mining the transactions into blocks and removing them from the network backlog. How does that implicate bitfury?

But.... if bitfury fill their blocks with these fake, low fee tx's, other's in the mempool can't get included.
Your the miner. What is the point of these thousands of tx's from this address?

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added
over 70,000 tx's from this address now. All (except about 500 of the first higher fee txs) are included in bitfury blocks.

[AngryDwarf]

But.... if bitfury fill their blocks with these fake, low fee tx's, other's in the mempool can't get included.
Your the miner. What is the point of these thousands of tx's from this address?

Maybe they are testing their own LN effects. What gets me is that these transactions are created at the exact same time of the block that they are included in. That is not normal network propagation.

[rizzlarolla]

But.... if bitfury fill their blocks with these fake, low fee tx's, other's in the mempool can't get included.
Your the miner. What is the point of these thousands of tx's from this address?

Maybe they are testing their own LN effects. What gets me is that these transactions are created at the exact same time of the block that they are included in. That is not normal network propagation.

That get's me too.
Are they broadcast at the same time as the block?
Do they even hit the mempool?

Some bitfury blocks are 1/3 full of this address's tx's paying 0.0001btc fee each to send zero bitcoins.

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added
over 2950 tx's included in bitfury blocks last 24 hour, all sending zero bitcoin. That is more than a full block. (1.147550 mb)
https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f?offset=2950&filter=6

[numismatist]

That get's me too.
Are they broadcast at the same time as the block?
Do they even hit the mempool?

Some bitfury blocks are 1/3 full of this address's tx's paying 0.0001btc fee each to send zero bitcoins.

I have been waiting for a precise definition of "all transactions are fake" what does that mean?!
Zero bitcoins transferred, that does indeed sound invalid. Any blockchain explorer link (TXID or similar) for the naked eye to see?
It's hard to believe without cryptographically sound evidence. If this proves true, the network should develop a way to route around malicious pool activities.

[AngryDwarf]

Maybe they are testing their own LN effects. What gets me is that these transactions are created at the exact same time of the block that they are included in. That is not normal network propagation.

That get's me too.
Are they broadcast at the same time as the block?
Do they even hit the mempool?

Some bitfury blocks are 1/3 full of this address's tx's paying 0.0001btc fee each to send zero bitcoins.

They would be losing out on higher network fees by including these transactions. It appears that they are creating them themselves and stuffing them straight into their own blocks. So possibly one way of creating their own reliable off-chain service?

Example transaction: https://blockchain.info/tx/b6d186f14ac6e33267d352f4762a42a73f7d88513dfddfa1e87d918c580b68f0

[rizzlarolla]

That get's me too.
Are they broadcast at the same time as the block?
Do they even hit the mempool?

Some bitfury blocks are 1/3 full of this address's tx's paying 0.0001btc fee each to send zero bitcoins.

I have been waiting for a precise definition of "all transactions are fake" what does that mean?!
Zero bitcoins transferred, that does indeed sound invalid. Any blockchain explorer link (TXID or similar) for the naked eye to see?
It's hard to believe without cryptographically sound evidence. If this proves true, the network should develop a way to route around malicious pool activities.

See link to address in my post above.
That page is start of today. Scroll/click back/forward from there.
(it includes fees paid/btc sent)

Do you need more?

[calkob]

Have you any proof of this what so ever ? or are you just giving your opinion, and buy the way there is no such thing as a fake transactions,  all transaction that pay a fee are legitimate transactions.  you may just not agree with the transaction.

[rizzlarolla]

Have you any proof of this what so ever ? or are you just giving your opinion, and buy the way there is no such thing as a fake transactions,  all transaction that pay a fee are legitimate transactions.  you may just not agree with the transaction.

Err, the blockchain is proof? see my links. You think i just made this up?

These tx's pay a low fee, sending no other bitcoin anywhere, and are included only in bitfury blocks by their hundreds.
It's not my fault!

Core support here usually say 0.0001 fee is spam,.
Now you say any low fee is legit, and is not fake even though it sends no other bitcoin, and it is right for bitfury to include these in their blocks hundreds at a time, above many other higher fee paying, bitcoin sending tx's.

Weird.

[rizzlarolla]

Maybe they are testing their own LN effects. What gets me is that these transactions are created at the exact same time of the block that they are included in. That is not normal network propagation.

That get's me too.
Are they broadcast at the same time as the block?
Do they even hit the mempool?

Some bitfury blocks are 1/3 full of this address's tx's paying 0.0001btc fee each to send zero bitcoins.

They would be losing out on higher network fees by including these transactions. It appears that they are creating them themselves and stuffing them straight into their own blocks. So possibly one way of creating their own reliable off-chain service?

Example transaction: https://blockchain.info/tx/b6d186f14ac6e33267d352f4762a42a73f7d88513dfddfa1e87d918c580b68f0

That is how it look's.
But these tx's contain nothing but a (low) fee, how is that any service?

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added
Last 10 blocks mined by bitfury contain 1.147550mb of tx's from 3QQ address. That is 11.4% of their blockspace. (last 24 hour)
bitfury have 10% of Bitcoin's total hashpower.
11.4% blockspace of 10% Bitcoin's total hashpower = 1.14% of Bitcoins total hashpower mining fake tx's from 1 address.
1 address sending zero bitcoin is using 1% of Bitcoin's total resource's

At that rate Bitcoin could only serve 100 addresses!

[AngryDwarf]

Perhaps it is what is encoded in the output script. It must have some purpose.

https://blockchain.info/tx/b6d186f14ac6e33267d352f4762a42a73f7d88513dfddfa1e87d918c580b68f0?show_adv=true

Beyond my knowledge to be honest. But why would they create these transactions, collecting their own fee, and risking block orphanage creating a large block? If they where spamming the network, they would send out low fee transactions to bloat others mempools. They are only reducing there own fee collection by not including higher paying fees. Or they could mine emptier blocks just to push them out of the door and collect the block reward with reducing risk of orphanage.

So my guess is, that this is some system which is storing immutable data onto the blockchain.

[Quantus]

Its my personal belief that the BU faction is enabled and encouraged by the Chines mining pools who are in turn might be controlled by Chines government oligarchs.  

After a theoretical continuous hard fork between Bitcoin Core and BTU the mining pools who initiated the fork would be in full control of the BTU chain. They would have a majority of the hash power. Its my belief that if they fail to win a majority of the Bitcoin communities support and the price of BTU coins starts to fall dramatically below the price of Bitcoin they will halt all transactions on the BTU chain other then their own coins so they can flash sell for a huge profit before pointing their miners back to the Bitcoin Core chain. They will have lost their bid for complete control over Bitcoin but they will have made a huge profit. It is known that Chines mining pools are sitting on hundreds of thousands of bitcoins. Or maybe we are under attack by the Chines government and this is just how they chose to wage war, by destroying our creditability reliability, public image. I don't know but something is going on.

[rizzlarolla]

^^^What has that to do with Mining pools spamming the network with fake transactions?^^^
Just some religious proofless rant after only bitfury (segwit/core supporter) has so far been named here for sending "dodgy" tx's, not unlimited.

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Perhaps it is what is encoded in the output script. It must have some purpose.

https://blockchain.info/tx/b6d186f14ac6e33267d352f4762a42a73f7d88513dfddfa1e87d918c580b68f0?show_adv=true

Beyond my knowledge to be honest. But why would they create these transactions, collecting their own fee, and risking block orphanage creating a large block? If they where spamming the network, they would send out low fee transactions to bloat others mempools. They are only reducing there own fee collection by not including higher paying fees. Or they could mine emptier blocks just to push them out of the door and collect the block reward with reducing risk of orphanage.

So my guess is, that this is some system which is storing immutable data onto the blockchain.

I think that unlikely, though i don't know for sure either.

Could be as simple as their software is rubbish at filling blocks. To avoid embarrassment they fill up the block with their own spam.
Maybe they have a motive involving the segwit/blocksize debate.

Bitfury could tell us. Someone should ask why 1% of the total Bitcoin network is dedicated to 1 address seemingly sending nothing but low fees.
(there was a short discussion here https://bitcointalk.org/index.php?topic=1799541.msg18068053#msg18068053 but nothing came of it)

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vvv no worries Quanta. (hope we can show all miners who do this, core or unlimited supporters)
Next bitfury block found, 600+ 3QQ tx's included, (23% of blockspace) no bitcoin moved (except low fees) https://blockchain.info/block-index/1470916

[gentlemand]

Pools? Dunno.

Someone? I believe so.

Look at how empty it all became once Bitcoin Unlimited started looking scary and confident.

[Quantus]

I'll be the first to admit I have no proof, I have been awake for like 3 days.. So I apologize for my shit posting rants and conspiracy theories. But when I look at records of the mempool it looks like someone is flipping a switch on and off. One day we'll have 100k transactions waiting for confirmation the very next day will have less then 1k. Someone is spamming the network and the Chines mining pools make for a great candidate. They are incentivised to spam the network to prop up transaction fees. They are even incentivised to back a crazy faction like BU and intentionally cause a contentious Hard-fork for no other reason then to sell off a new asset (the tens of thousands of BTU coins) and then go back to mining bitcoins and avoid all blame by pushing the blame on BU.  The Bitcoin Unlimited idiots probably don't even realize their just patsies.

[Herbert2020]

Are Mining pools spamming the network with fake transactions to prop up transaction fees and push a false narrative about full blocks to support BU and usurp the power to adjust block size?
Or am I just crazy?  Its my personal belief that 80 to 90% of all transactions are fake.

things that we know:
* there is a spam attack, and no it is not 80-90%. even before the spam attack also when it stops there are still lots of transactions (1000-3000 per 10 minutes)
* this spam attack has increased the fees and as a result the revenue of miners (i've said this before and nobody paid much attention https://bitcointalk.org/index.php?topic=1811430.0) that is why i say even if it is miners who are spamming they are not doing it to force "adjustment of block size".
* and it has started again. it was only a short couple of days they stopped

... cause a contentious Hard-fork for no other reason then to sell off a new asset (the tens of thousands of BTU coins) and then go back to mining bitcoins and avoid all blame by pushing the blame on BU. ...

i disagree with this too.
the risk is so much higher. there are some things that you can not come back from.