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Author Topic: Strange transactions?  (Read 2083 times)
Anth0n
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April 26, 2011, 10:57:58 PM
 #1

I'm viewing the Bitcoin Monitor (http://bitcoinmonitor.com/) and as of now there is a huge horizontal line representing numerous transactions around 42 BTC. What's going on?
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Sief
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April 26, 2011, 11:01:39 PM
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They've all got a transaction fee attached to them, so I'm guessing somebody is trying to flood the network with transactions that will be prioritised to slow it down for the rest of us...

EDIT: He's losing 0.03 for every transaction, and the last transaction was at about 40 BTC, so only 1333 transactions to go.

This is not a bitcoin address; do not send anything to it: 112sNU2PA3odvzvFvZtbu1tR2pr88ssrpk
vuce
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April 26, 2011, 11:08:09 PM
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They've all got a transaction fee attached to them, so I'm guessing somebody is trying to flood the network with transactions that will be prioritised to slow it down for the rest of us...

EDIT: He's losing 0.03 for every transaction, and the last transaction was at about 40 BTC, so only 1333 transactions to go.

transaction fee does not have any affect on processing speed (yet).
Raulo
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April 26, 2011, 11:09:39 PM
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There is no transaction fee attached to these spamming transactions. If it had been, the whole chain of transactions would have been cleared in one thick and tasty block and a miner would have gotten a large fee. It's a regular spam that is very low priority and should not slow down anything important.

1HAoJag4C3XtAmQJAhE9FTAAJWFcrvpdLM
Garrett Burgwardt
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April 26, 2011, 11:11:06 PM
 #5

They've all got a transaction fee attached to them, so I'm guessing somebody is trying to flood the network with transactions that will be prioritised to slow it down for the rest of us...

EDIT: He's losing 0.03 for every transaction, and the last transaction was at about 40 BTC, so only 1333 transactions to go.

transaction fee does not have any affect on processing speed (yet).

It does, in high volume situations. This person seems to be trying to DOS the network with whatever BTC he has by generating a large amount of 'spam' transactions. Once the blocks fill with high value transactions from him, there would be no more room for free transactions.
There is no transaction fee attached to these spamming transactions. If it had been, the whole chain of transactions would have been cleared in one thick and tasty block and a miner would have gotten a large fee. It's a regular spam that is very low priority and should not slow down anything important.


Yes there is, .03 btc per tx
vuce
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April 26, 2011, 11:16:41 PM
 #6

It does, in high volume situations.
I thought this wasn't yet implemented, but I may have been mistaken.
Raulo
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April 26, 2011, 11:17:35 PM
 #7

Yes there is, .03 btc per tx

There is NOT. The 0.03 BTC goes to this address
http://blockexplorer.com/address/13sUHUW8G23BLQEKFwVMf5cKUkiSuFK8XC


1HAoJag4C3XtAmQJAhE9FTAAJWFcrvpdLM
Sief
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April 26, 2011, 11:24:52 PM
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So what does it mean when a transaction blip on the bitcoin monitor is explained by two smaller amounts in brackets? I thought it'd be quite obvious it indicated the transaction fee, but I'm obviously missing something...  Huh

This is not a bitcoin address; do not send anything to it: 112sNU2PA3odvzvFvZtbu1tR2pr88ssrpk
randomguy7
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April 26, 2011, 11:35:13 PM
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He's flooding with 0.03 BTC, the other value is his 'change' (0.03 is constant, the other value is decreasing).
vuce
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April 26, 2011, 11:35:23 PM
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So what does it mean when a transaction blip on the bitcoin monitor is explained by two smaller amounts in brackets? I thought it'd be quite obvious it indicated the transaction fee, but I'm obviously missing something...  Huh
There was/is no fee in those transactions. Several values in brackets means that it was sent to several different addresses (usually to desired destination and to a new address of the sender).
ByteCoin
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April 26, 2011, 11:48:15 PM
 #11

The to address 13sUHUW8G23BLQEKFwVMf5cKUkiSuFK8XC seems to be occurring at a rate of about 2 per minute. This increases the size of the block chain at a rate of at least 256MB per year.

One partial solution which would have few adverse repercussions on legitimate transactions would be for clients only to relay transactions which refer to previous transactions which have been incorporated in a block.

ByteCoin 
MoonShadow
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April 27, 2011, 03:35:54 AM
 #12

Did you guys ever consider that it's just some guy trying to break up his coins into change?

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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