WARNING:network under Massive spam attack.

[BrewMaster]

does anyone happen to know where I might find records of the highest unconfirmed txs are?

https://statoshi.info/dashboard/db/memory-pool
play with the dates on top right corner of the screen to look at a longer term.

blockchain.info also has lots of charts too:
count (number of transactions): https://blockchain.info/charts/mempool-count
size of the mempool: https://blockchain.info/charts/mempool-growth
aggregate size: https://blockchain.info/charts/mempool-size

[llyfee4u]

I struggle to see what (if any) the incentive would be for anyone or group of people to attack the network other to his/their own detriment.  Its pointless.

[Kevin77]

I struggle to see what (if any) the incentive would be for anyone or group of people to attack the network other to his/their own detriment.  Its pointless.

There were history that some known group of people have conducted stress test on blockchain network to showcase how strong it is basically. They had spent thousands worth of bitcoins for conducting that. But I am not sure what is time these people are trying to say. But I am sure this is not the right way to prove the importance of bigger blocks.

By spamming blockchain network, miners will be trying to gain more tx fee , is it possible ? I could not understand how this will be working in favor of them to some extent.

[BitcoinPanther]

Its more then likely some people who are trying to prove that bitcoin need bigger blocks (Bitcoin Unlimited/Roger verr)?

Or someone is pulling the price down?  I have a bad feeling about this, massive spam attack the network delaying all the transaction confirmation then releasing a news about bitcoin scalability, then spreading FUD.  Someone wants to short and he is testing the scalability issue to pull Bitcoin price down.  I hope holder won't be shaken by this event.

I struggle to see what (if any) the incentive would be for anyone or group of people to attack the network other to his/their own detriment.  Its pointless.

Pointless if they do not have any agenda.  Either they are pushing Block size increase or pulling the price down, if either of them happen, then they will benefit the most.

[olubams]

Fees today are over $2 to send a transaction. 100k transactions in mempool. Someone is spending a lot of cash to spam the network today.

Gee I wonder why? /s

I don't know much about mobile wallets or hardware wallets but they should alert the user when the network is this congested. With a easy to understand fee calculator/prediction pop up before you send your transaction.

I want to believe you what you are doing is not complaining about the fees because if its that, then I will have to ask about the specific wallet you are referring to that is charging that amount so I can switch. Just few days back, I spent over $8 to make a transaction but no one was spamming it as at that time if my memory serve me right so I want to know how $2 amounts to spamming.

[BillyBobZorton]

Its more then likely some people who are trying to prove that bitcoin need bigger blocks (Bitcoin Unlimited/Roger verr)?

Roger Ver is back at it. Once he has dumped all of his coins on spam attacks and he realizes we still have 1 MB blocks, he'll realize how fucking stupid he is.

Roger, no amount of spam will ever force a block size increase, only organic growth. So keep wasting your money, nobody cares about you or Buggy Unlimited.

[jonald_fyookball]

plenty of organic growth in places like japan.  but how long will it be till ethereum offers better usability there.

tick tock.

[cpfreeplz]

Omg you're one of these complaining newbs that won't be doing anything at all about it. Btw, $2 per transaction? Wtf are you talking about? How many inputs? How many sats/byte? You clearly don't understand what you're talking about.

[eaLiTy]

plenty of organic growth in places like japan.  but how long will it be till ethereum offers better usability there.
tick tock.

But can we really consider ethereum as a currency,it is a contract and what they do is provide decentralized smart contract functionality.The nodes are rejecting transaction fees which was fine a few months back and now we have to rebroadcast those once again,it is really frustrating to see these things happening in bitcoin,need some changes to rectify these issues if not it will be a disaster as the transaction fees keeps on increasing.

[Pattberry]

Spam attacks have always been around... even if we HF to 2M, 4M or 8M, OR Segwit gets activated, these attacks will still come. Nothing to worry about.

There are more investors and transactions per day and it has increased a lot after 2017 and with Japan recently legalizing bitcoin the amount of transactions has increased rapidly and on top of that we have these spam attacks to frustrate everyone as it is really taking a long time to get a confirmation ,if they activate segwit then there will be a temporary solution but not certain what the long term implication will be as you cannot roll  back once you activate segwit.

[lizardbtc]

Why don't we split or hope pople will deal more with some other altcoin, this is nuts...

https://blockchain.info/unconfirmed-transactions - 137k with my transaction being somewhere, will be lucky if it confirms in 2 days....

We srsly need SegWit and BU to come together and talk..... This might cause price to dump even...

It's not nice how they are playing with us around and I don't think that is a spam attack as the price of btc is high, more people are getting into btc and transferring funds.

[pixie85]

2 possibilities that immediately come to mind.

Someone is trying to crash the market and buy more. This is obvious, Bitcoin is on the rise and some people are bitter they forgot to buy a month ago.
There's some reaction to this and the price has dropped, so the attackers must be proud of themselves.

BU supporters are doing their thing again.

[jonald_fyookball]

plenty of organic growth in places like japan.  but how long will it be till ethereum offers better usability there.
tick tock.

But can we really consider ethereum as a currency,it is a contract and what they do is provide decentralized smart contract functionality.The nodes are rejecting transaction fees which was fine a few months back and now we have to rebroadcast those once again,it is really frustrating to see these things happening in bitcoin,need some changes to rectify these issues if not it will be a disaster as the transaction fees keeps on increasing.

Is there any reason it doesn't function well as a currency?  Isn't it fast , cheap, and scarce?

[TheGamer506]

I have a transaction I made 24 hours ago and I have no confirmation, First time

[BillyBobZorton]

plenty of organic growth in places like japan.  but how long will it be till ethereum offers better usability there.

tick tock.

Ethereum will collapse as soon as it gets any relevancy. Right now nobody gives a damn about Ethereum for purchases, if someone did care about Ethereum at the level of Bitcoin transactions, the fees would even be higher.

They talk about Casper and sharding which are a scam, and they got the half baked Lightning Network version (Raiden).

Not to mention ETH is a centralized mess powered by Proof of Vitalik.

Looks like LTC will win as the payments coin unless Jihad Wu enables segwit.

tick tock.

[Patatas]

Its more then likely some people who are trying to prove that bitcoin need bigger blocks (Bitcoin Unlimited/Roger verr)?

They can do the same without spamming the network.It isn't helping anything.Did you notice the sudden price rise in altcoins ? Are they trying to pull bitcoin down ? Nice try to whoever.Attempt was made!

Gee I wonder why? /s

For 100 reasons you probably can assume.Let's start with 1 - > Dump the prices of bitcoin.

[AgentofCoin]

plenty of organic growth in places like japan.  but how long will it be till ethereum offers better usability there.
tick tock.

But can we really consider ethereum as a currency,it is a contract and what they do is provide decentralized smart contract functionality.The nodes are rejecting transaction fees which was fine a few months back and now we have to rebroadcast those once again,it is really frustrating to see these things happening in bitcoin,need some changes to rectify these issues if not it will be a disaster as the transaction fees keeps on increasing.

Is there any reason it doesn't function well as a currency?  Isn't it fast , cheap, and scarce?

ETH is written in a language that allows for too many attack vectors.
Satsohi designed Bitcoin without turning complete for those reasons.
In fact, he disabled many interesting OP Codes to prevent exploits.

ETH is an experiment in contracting devices, not a sound currency.
People who wish to use ETH as a currency is fine, but it is no where
as secure as BTC, since it was not designed to be used a such.

ETH was intended to be a token that fuels contracting computation.
Using ETH as a currency is like to using Skee Ball tickets as currency.
It is possible (fast/cheap/scarce/etc), but is not recommended for
important reasons.

The question is: Should ETH be used as a currency? Not can it.
What is important in cryptocurrency is security, without that,
everything else (fast/cheap/scarce/etc) is an illusion.

[eaLiTy]

plenty of organic growth in places like japan.  but how long will it be till ethereum offers better usability there.
tick tock.

But can we really consider ethereum as a currency,it is a contract and what they do is provide decentralized smart contract functionality.The nodes are rejecting transaction fees which was fine a few months back and now we have to rebroadcast those once again,it is really frustrating to see these things happening in bitcoin,need some changes to rectify these issues if not it will be a disaster as the transaction fees keeps on increasing.

Is there any reason it doesn't function well as a currency?  Isn't it fast , cheap, and scarce?

The main reason i would site is that ethereum is centralized and it is just a fuel rather than a currency.Lets take the case when there are as much transaction like we see in the bitcoin network,will they be able to handle everything smoothly and let us not forget about the number of coins premined and for all these reasons i will always have my second thoughts to consider them a real currency .

Edit: @AgentofCoin summed up everything in detail what i was trying trying to tell.cheers mate

[Kprawn]

I don't know much about mobile wallets or hardware wallets but they should alert the user when the network is this congested. With a easy to understand fee calculator/prediction pop up before you send your transaction.

You have a good suggestion there..... These wallet providers should do much more than what they are doing now.... A popup notice, when the

Mempool is congested, would go a long way to help noobies adjust their fees. We are seeing a lot of newbies coming to the forum with

unconfirmed transactions for 24 hours and more.... and when you go into the details... you find that the wallet provider has set a "default" fee,

that are ridiculously low... resulting in transactions that might never be confirmed.  

[buwaytress]

https://statoshi.info/dashboard/db/memory-pool
play with the dates on top right corner of the screen to look at a longer term.

blockchain.info also has lots of charts too:
count (number of transactions): https://blockchain.info/charts/mempool-count
size of the mempool: https://blockchain.info/charts/mempool-growth
aggregate size: https://blockchain.info/charts/mempool-size

Thank you for this! The statoshi link is new to me. The graphs above confirm it I guess. This is the highest its ever been. 130k unconfirmed? I can definitely see fees just pumping now, esp as BTC price is stubbornly above $1,500.