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Author Topic: 8000+ unconfirmed transactions by 1 address with many double spends!?  (Read 1485 times)
marcotheminer (OP)
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September 28, 2013, 02:37:49 AM
 #1
Earlier today I came across this bitcoin address which has sent over 8000 transactions. Each tansaction is around 0.0000025 BTC and for some reason the spam is continuing.

The address is http://blockchain.info/address/1JwSSubhmg6iPtRjtyqhUYYH7bZg3Lfy1T?offset=7800&filter=0  0.0000025 BTC today.



Double spend!?


What I want to know is why would some one do this?

Reddit topic http://www.reddit.com/r/Bitcoin/comments/1egi51/there_is_currently_over_10000_unconfirmed/

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September 28, 2013, 02:47:57 AM
 #2
Quote from: marcotheminer on September 28, 2013, 02:37:49 AM
Earlier today I came across this bitcoin address which has sent over 8000 transactions. Each tansaction is around 0.0000025 BTC and for some reason the spam is continuing.

The address is http://blockchain.info/address/1JwSSubhmg6iPtRjtyqhUYYH7bZg3Lfy1T?offset=7800&filter=0  0.0000025 BTC today.



Double spend!?


What I want to know is why would some one do this?

Reddit topic http://www.reddit.com/r/Bitcoin/comments/1egi51/there_is_currently_over_10000_unconfirmed/

If I helped with anything or brought forward an interesting topic, please donate to 14yR2iK2XhbMr6aqaCRzFARem92WuLsZsL

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calian
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September 28, 2013, 06:16:52 AM
 #3
That's crazy, so an address that the private key is publicly known for has a balance of 0.0764025 that's stuck by the logjam of people trying to claim it?
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September 28, 2013, 06:20:39 AM
 #4
Quote from: calian on September 28, 2013, 06:16:52 AM
That's crazy, so an address that the private key is publicly known for has a balance of 0.0764025 that's stuck by the logjam of people trying to claim it?

Yes.
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Mondy
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September 28, 2013, 11:08:57 AM
 #5
Quote from: calian on September 28, 2013, 06:16:52 AM
That's crazy, so an address that the private key is publicly known for has a balance of 0.0764025 that's stuck by the logjam of people trying to claim it?

Wait what?! I can claim a bit of it? How?!
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September 28, 2013, 11:18:51 AM
 #6
Quote from: Mondy on September 28, 2013, 11:08:57 AM
Quote from: calian on September 28, 2013, 06:16:52 AM
That's crazy, so an address that the private key is publicly known for has a balance of 0.0764025 that's stuck by the logjam of people trying to claim it?

Wait what?! I can claim a bit of it? How?!
By joining the thousand unconfirmed transaction queue.
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September 28, 2013, 11:19:46 AM
 #7
Quote from: calian on September 28, 2013, 06:16:52 AM
That's crazy, so an address that the private key is publicly known for has a balance of 0.0764025 that's stuck by the logjam of people trying to claim it?

What is this logjam and why it prevents one of those transactions to be included in a block?
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September 28, 2013, 11:25:18 AM
 #8
Quote from: Bakemono on September 28, 2013, 11:19:46 AM
Quote from: calian on September 28, 2013, 06:16:52 AM
That's crazy, so an address that the private key is publicly known for has a balance of 0.0764025 that's stuck by the logjam of people trying to claim it?

What is this logjam and why it prevents one of those transactions to be included in a block?
It doesn't exist, it is just FUD.  Roll Eyes

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vane91
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September 28, 2013, 05:26:37 PM
 #9
Let me explain to you:
This is what happen when a private key is made public.

the address maybe receiving very small amounts of coins, from faucets etc,

Basically there is a lot of small inputs, so the bitcoin transaction fees to take the money out of there are higher than the amount people try to withdraw,
so dont be fooled, this amount will be in a limbo forever or go to the first people that claimed it.
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September 28, 2013, 07:25:45 PM
 #10
Why cannot someone spend the coins while mixing a high priority amount, say 10 BTC as another input?
The whole transaction wouldn't need fee added.
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Gabi
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September 28, 2013, 07:42:22 PM
 #11
Quote from: Buffer Overflow on September 28, 2013, 07:25:45 PM
Why cannot someone spend the coins while mixing a high priority amount, say 10 BTC as another input?
The whole transaction wouldn't need fee added.
You can do what you want.

Only 1 transaction will be put in a block anyway. The miners will choose wich one. Usually the one with the highest fee

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September 28, 2013, 10:30:37 PM
 #12
This is comedy gold. It's also pretty good publicity for Randall Munroe, not that I imagine he has anything to do with it.
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