60,000 Unconfirmed transaction and counting

[Sadlife]

Clearly it's a spam attack were multiple request is being sent to server and the server itself can't handle it.
This is why the reason we need to implement Segwit i guess the blocksize debate is related to this event maybe this is payback for the recent BU network attack and the miners arw gaining profit from it.

[cryptoanarchist]

Clearly it's a spam attack were multiple request is being sent to server and the server itself can't handle it.
This is why the reason we need to implement Segwit i guess the blocksize debate is related to this event maybe this is payback for the recent BU network attack and the miners arw gaining profit from it.

Dude, please read up on how bitcoin works before making yourself look this ignorant.

[Sundark]

Clearly it's a spam attack were multiple request is being sent to server and the server itself can't handle it.
This is why the reason we need to implement Segwit i guess the blocksize debate is related to this event maybe this is payback for the recent BU network attack and the miners arw gaining profit from it.

Then we must upgrade main bitcoin server. Blocksize is totally irrevelant because bigger blocks will be spammed with ease.
Only better server will help us. Will you please donate your bitcoins for a new server to this bitcoin address: 1ihav3n0id3ah0wb1tc0inw0rks ?

[ranochigo]

This is just 60k it will went thru eventually, I have seen more than 100k unconfirmed transaction and network still goes on, no delay on my transaction as long as I pay the right fee. 

The main purpose of spamming the network is to make the fee rise even higher for those who want their transaction to be confirmed within a small amount of time. This discourage the use of Bitcoin. Your transaction will still be delayed if you send the transaction and a huge influx of transaction suddenly appear and your transaction would still be pushed to the bottom.

This shows the issue that Bitcoin has to address ASAP. Bitcoin has to be able to handle such loads, we can't just say "use an altcoin" for daily transactions.

This numbers of unconfirmed transactions is being  common and frequently happening in this days in blockchain network.Due to smaller blocks i think thats why there are big numbers of transctions that are unconfirmed.This is happening almost everyweek now in the network.

Actually, all of the blocks are filled right now. The problem is with the transaction volume.

[Amph]

This numbers of unconfirmed transactions is being  common and frequently happening in this days in blockchain network.Due to smaller blocks i think thats why there are big numbers of transctions that are unconfirmed.This is happening almost everyweek now in the network.

more likely it's people that don't pay the correct amount of fee or spam, i've always asked if there was a way to determine the spam and the real bitcoin usage, would be useful to knwo if we are still handling the real amount of transaction that are not pure spam

[Casabrandy]

This numbers of unconfirmed transactions is being  common and frequently happening in this days in blockchain network.Due to smaller blocks i think thats why there are big numbers of transctions that are unconfirmed.This is happening almost everyweek now in the network.

more likely it's people that don't pay the correct amount of fee or spam, i've always asked if there was a way to determine the spam and the real bitcoin usage, would be useful to knwo if we are still handling the real amount of transaction that are not pure spam

Maybe they were trying to determined what are the legit transaction are, there are some bugs now in transaction system taking up more minutes to be done,it may be due to a number of transaction one user is doing on that moment or because of the traffic on transaction that are too congested that is hard to process by the system. We just need to put our faith that soon those unconfirmed transactions will lead to a successful one.

[AngryDwarf]

Is there any evidence of spam transactions occurring? Recently, the system has been just about coping. Most blocks where full to the limit. So it only takes a small increase in transaction demand, and a backlog will start to occur which takes time for the system to clear up, as their is very little free blockspace with which to clear the backlog up with.
Perhaps we should 'blame the Chinese' who might have started withdrawing funds from recently freed up exchange accounts?

[mmo_online_1981]

I thinks with $238,789,000 volume per day, this is Still normal
Thanks

[lottery248]

I thinks with $238,789,000 volume per day, this is Still normal
Thanks

yup because the price of bitcoin affecting the volume in US dollar. if the bitcoin transacting volume in Us dollar is the same but 1/5 of the current bitcoin price, then it will be another situation (your transaction is gonna last forever to confirm ).

[Chin Cheng]

I am surprised to see that there are actually this much amount of unconfirmed transactions but if you are giving the right amount of transaction fees then it will get through as i just sent some coins recently and it almost took an hour to get three confirmation ,i have given a fees of 0.0009 btc and i am sure even if you give a higher fees it will take the same amount of time.

[ahmedjamal1998]

I don't believe it's any kind of attack. It didn't last a few hours if it even was.
Right now it's just 11k unconfirmed which is supposedly normal.

We need to realize that more and more numbers could exist. Don't we all hope that bitcoin becomes a worldwide currency?

Therefore, SegWit.

[stompix]

It happens a lot lately.
The network can only do 7tps at maximum.
Some times even that doesn't happen.

But things are back to normal right now 9000 unconfirmed, piece of cake .
I remember the largest backlog was at around 200k right? During the so called "test" ?

[OmegaStarScream]

Things are definitely better then It was yesterday, I have a question though, If this is indeed a spam attack, anybody could do it? or this require money and resources to do? curious how It's done but If it require money, I believe big whales are behind it.

[mmo4me.2016]

Dear all
I thinks is nomal at price over $1120/BTC

[jonald_fyookball]

Things are definitely better then It was yesterday, I have a question though, If this is indeed a spam attack, anybody could do it? or this require money and resources to do? curious how It's done but If it require money, I believe big whales are behind it.

anybody can do it. but yes some resources , you need a software to generate many transactions and money to pay for the fees, but actually not that much money because you can put tiny fee and send to yourself.

[BrewMaster]

Things are definitely better then It was yesterday, I have a question though, If this is indeed a spam attack, anybody could do it? or this require money and resources to do? curious how It's done but If it require money, I believe big whales are behind it.

i am no expert but some things (i think) are obvious. for example the transactions need to be paying higher fees or they would be useless. so each paying 200-300 satoshi per byte. now multiply that by the number of transactions in the memory pool (60K-100K) or better multiply by how many of them are confirmed (which is more than that number) and you get the cost.

with that cost you can see who can or can not do it.

as other resources, this is obviously an automatic process. so some programming skills and a server is needed.

[jonald_fyookball]

Things are definitely better then It was yesterday, I have a question though, If this is indeed a spam attack, anybody could do it? or this require money and resources to do? curious how It's done but If it require money, I believe big whales are behind it.

i am no expert but some things (i think) are obvious. for example the transactions need to be paying higher fees or they would be useless. so each paying 200-300 satoshi per byte.

only useless to real user.   spammer doesnt need to pay anywhere near that cost.  they can put absolute minimum that would be relayed whatever that is (no fee?) im not sure

[BrewMaster]

Things are definitely better then It was yesterday, I have a question though, If this is indeed a spam attack, anybody could do it? or this require money and resources to do? curious how It's done but If it require money, I believe big whales are behind it.

i am no expert but some things (i think) are obvious. for example the transactions need to be paying higher fees or they would be useless. so each paying 200-300 satoshi per byte.

only useless to real user.   spammer doesnt need to pay anywhere near that cost.  they can put absolute minimum that would be relayed whatever that is (no fee?) im not sure

if there are 1 million transactions paying 10 satoshi per byte i pay 20 satoshi per byte and i will have priority over all of the 1 million spam transctions so miners will pick my tx.

they spam to take the space in the block (fill it up) not to take the space in the memory pool. and to take the block you need to have higher priority hence the higher fee.

[U2]

We need bigger blocks... lets all just run le BU

Hahahaha oh ya but then we'll also have unlimited bitcoins and they're going to be worthless. That sounds great let's all jump on board.

[rizzlarolla]

Things are definitely better then It was yesterday, I have a question though, If this is indeed a spam attack, anybody could do it? or this require money and resources to do? curious how It's done but If it require money, I believe big whales are behind it.

i am no expert but some things (i think) are obvious. for example the transactions need to be paying higher fees or they would be useless. so each paying 200-300 satoshi per byte.

only useless to real user.   spammer doesnt need to pay anywhere near that cost.  they can put absolute minimum that would be relayed whatever that is (no fee?) im not sure

if there are 1 million transactions paying 10 satoshi per byte i pay 20 satoshi per byte and i will have priority over all of the 1 million spam transctions so miners will pick my tx.

they spam to take the space in the block (fill it up) not to take the space in the memory pool. and to take the block you need to have higher priority hence the higher fee.

You would think, but not so.

Bitfury still fill blocks with low fee spam from addy 3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f before higher fee paying real tx's.
See for example https://blockchain.info/block-index/1477998

Addy https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f has sent 140238tx's, all spam, nearly all relayed by Bitfury.