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Author Topic: Random 0.00001 BTC from Laxo Trade?  (Read 15134 times)
jjacob
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October 12, 2014, 04:24:14 PM
 #221

They are helping the miners because they are paying TXs fees in blocks that are not full so the miners get more revenue then they otherwise would be able to get. The massive number of outputs they are creating has caused their "spam" to be received and noticed by a lot of people so they are getting a good amount of attention. I would approach them with caution as I would with any other business that I would need to trust my bitcoin with

Thank god transaction fees are not very low. It still doesn't seem to deter some people from spamming the blockchain.


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santaClause
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October 12, 2014, 05:20:42 PM
 #222

They are helping the miners because they are paying TXs fees in blocks that are not full so the miners get more revenue then they otherwise would be able to get. The massive number of outputs they are creating has caused their "spam" to be received and noticed by a lot of people so they are getting a good amount of attention. I would approach them with caution as I would with any other business that I would need to trust my bitcoin with

Thank god transaction fees are not very low. It still doesn't seem to deter some people from spamming the blockchain.
What is the problem with this spam? Laxotrade is paying their fair share in miners' fee which is the same that everyone pays for a similar transaction.
mnmShadyBTC
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October 12, 2014, 10:52:31 PM
 #223

How is this spam? Are tiny transactions like these considered to be spam?

The transactions have a public note on them, saying their website. Blockchain also has a feature to label addresses, and Laxo Trade is using an address which is labeled with their name and website.
The public notes are actually only available if you use the blockchain.info block explorer, otherwise they will be invisible to you (they are not actually on the blockchain).

Most importantly they are paying an appropriate miners fee therefore are essentially paying to help keep the network secure

I kinda agree with your theory, that they are helping in the long run.. so maybe they are advertising too, but at least they are paying the miner fee for the advertisements. I really dont see any harm unless there is some kind of ulterior motive. Most folks in the crypto world are smart enough to understand that HYIP's just don't work. So if we are making something out of it and there is no way they can hijack your BTC wallet, i dont really see any harm Tongue
I really do not understand why people view advertisements on this forum as to be so negative. Bills need to be paid, and users do not want to pay for services that they consider should be free. Advertisements are the only answer to this problem. If you do not agree with the policy of the advertisees (publishers) then you should buy up the advertising space and advertise something different.

They are not hurting anyone by advertising their services via blockchain.info, if you don't think they will provide a good service then don't use it. If you think they are running some type of scamming service then make a scam accusation.

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Grand_Voyageur
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October 13, 2014, 01:59:14 PM
 #224

Got a 1 mBTC, again.  Grin

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DFS
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October 14, 2014, 12:47:43 PM
 #225

A bit annoying/unnecessary, but hey, it's free money. Not a whole lot, but you could still use it for something, like a transaction fee.
scarsbergholden
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October 16, 2014, 01:13:38 AM
 #226

A bit annoying/unnecessary, but hey, it's free money. Not a whole lot, but you could still use it for something, like a transaction fee.
Most of the TXs that are sent by Laxo are going to be much smaller then what could be used as a TX fee, in other words it will cost more to spend the input then the input is worth, essentially making the input a liability to you.

The only way this could benefit you is if you anticipate the TX fees to overall be lower in the future and the price of bitcoin to be higher

TCM
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October 16, 2014, 08:12:43 AM
 #227

Most of the TXs that are sent by Laxo are going to be much smaller then what could be used as a TX fee, in other words it will cost more to spend the input then the input is worth, essentially making the input a liability to you.

You can include these small amounts in a TX you were going to do anyway. Or if your inputs are sufficiently large or old, you can even fire off a TX with 0.00 fee and include them there.
1Referee
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October 16, 2014, 11:03:26 AM
 #228

I haven't got anything from laxo in quite a while now, come on!!

The highest transaction I received from laxo was a whopping 0.001BTC  Grin
Argwai96
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October 17, 2014, 04:40:17 AM
 #229

Most of the TXs that are sent by Laxo are going to be much smaller then what could be used as a TX fee, in other words it will cost more to spend the input then the input is worth, essentially making the input a liability to you.

You can include these small amounts in a TX you were going to do anyway. Or if your inputs are sufficiently large or old, you can even fire off a TX with 0.00 fee and include them there.
This is not correct. The marginal amount that you can spend with the small inputs from laxo is less then the marginal amount you would need to include as a TX fee when attempting to spend the same inputs
zinger
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October 17, 2014, 05:44:03 AM
 #230

Laxo should give me something too.  Roll Eyes Roll Eyes
TCM
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October 17, 2014, 08:11:16 AM
Last edit: October 17, 2014, 11:11:30 AM by TCM
 #231

This is not correct. The marginal amount that you can spend with the small inputs from laxo is less then the marginal amount you would need to include as a TX fee when attempting to spend the same inputs

Enable coin control in Bitcoin Core and play around with the inputs.

As long as a transaction

1) has sufficiently large inputs or
2) has sufficiently old inputs and
3) has large enough outputs and
4) doesn't exceed 1KB in size

you can fire it off for free, even with the official client. Including this dust in such a transaction doesn't increase the fee as long as these points are met. To keep the TX speedy, you should include the standard fee, because this free TX has the risk of taking very long or not going through at all.

However, if you're paying for something and you're including the standard fee anyway, as long as the dust doesn't violate any of the points like making the TX over 1KB, it won't increase the fee and is thus essentially free.

Edit: If you follow your inputs closely, you will see they have a priority going from lowest to lower, low, low-medium etc... This seems to be a product of the input size and the input age. Also, the whole TX has its own priority, so multiple "low-medium" inputs can make for a "medium" TX. As long as a TX is "medium", it's free to send. It still needs to adhere to points 3) and 4), though.

The client is even nice enough to show in red the criteria that force a TX fee. Just play around with coin control.
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October 17, 2014, 09:06:27 AM
 #232

Who here got this from Laxo Trade? Is it legit?
TCM
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October 17, 2014, 11:08:42 AM
 #233

The transaction you get is legit. The business itself - probably not.
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October 17, 2014, 04:20:15 PM
 #234

Got a 1 mBTC, again.  Grin

1 mBTC? That is quite a bit... More than a transaction fee.  Smiley

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October 17, 2014, 06:19:05 PM
 #235

Got a 1 mBTC, again.  Grin

1 mBTC? That is quite a bit... More than a transaction fee.  Smiley

I suppose they send the BTC accordingly to bitcointalk rank/post number.

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• Low 1% house edge. • Provably Fair.  
███████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
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October 19, 2014, 04:26:39 PM
 #236

Got a 1 mBTC, again.  Grin

1 mBTC? That is quite a bit... More than a transaction fee.  Smiley

I suppose they send the BTC accordingly to bitcointalk rank/post number.
I think it is more complex then that. I have seen a hero member post 4k+ addresses and each received a same sized input that a full member received for posting one address on the same thread. I would theorize that their algorithm takes into consideration something about the thread the address is posted on among other factors. I would be interested to see any specific research that anyone does regarding how the size of the "advertisement" is deteremined
molecular
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October 19, 2014, 06:43:53 PM
 #237

Got a 1 mBTC, again.  Grin

1 mBTC? That is quite a bit... More than a transaction fee.  Smiley

I suppose they send the BTC accordingly to bitcointalk rank/post number.
I think it is more complex then that. I have seen a hero member post 4k+ addresses and each received a same sized input that a full member received for posting one address on the same thread. I would theorize that their algorithm takes into consideration something about the thread the address is posted on among other factors. I would be interested to see any specific research that anyone does regarding how the size of the "advertisement" is deteremined

I have received such payments to addresses I have certainly never publicized (except in the blockchain of course)

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
pitham1
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October 20, 2014, 12:22:39 AM
 #238

Got a 1 mBTC, again.  Grin

1 mBTC? That is quite a bit... More than a transaction fee.  Smiley

I suppose they send the BTC accordingly to bitcointalk rank/post number.
I think it is more complex then that. I have seen a hero member post 4k+ addresses and each received a same sized input that a full member received for posting one address on the same thread. I would theorize that their algorithm takes into consideration something about the thread the address is posted on among other factors. I would be interested to see any specific research that anyone does regarding how the size of the "advertisement" is deteremined

I have received such payments to addresses I have certainly never publicized (except in the blockchain of course)

Then these payments are really random. Hope I receive a few of them soon.

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October 20, 2014, 12:28:30 AM
 #239

Amazing...
maybe some will trickle into this address:

1MeMMS7quCWv8EEywV9AuqD7G6UrL7dTrF

just ..you know..for testing ..and stuff..


Smiley

Domain for sale -> NXTcoin.com, 200 btc/2.9 M nxt. pm me
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FederationCredits--> C6khbXzADRUeT9di2SpNubCt2UVTuayKMV What's this?
magic ice
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October 20, 2014, 11:38:41 AM
 #240

Is Laxo still giving away 0.00001 BTC. I mean, like today, did someone get something from them?
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