It is a rather common situation these days to have around 50k+ unconfirmed transactions.
When you are using a wallet, it is recommended to send about 0.0005 to 0.00065 btc to be sure that the transaction will be confirmed soon enough.
I made a bit of researchs, and a few cryptocurrencies like DGB and Litecoin for exemple, are testing the Segwit. If it become a success, it will be way more better than Bitcoin Unlimited, more transparent, and less decentralised.
Topic: 60,000 Unconfirmed transaction and counting - page 5. (Read 4350 times)
i thing we need many blocks.or try to run bitcoin unlimited
The intensive use of the network with pennyworth transactions can be described as "spam attack." At the other hand, the BTC networking was designed to handle everyday transactions (as paying for coffee)? IMO, when this point become clear (BTC will be a "VISA killer"), we will know the true "calling" of BTC.
by now I think everyone knows perfectly well that this is a clear spam attack against bitcoin network and there is no hiding the facts.
Huh? People using the network is "spam" now?
This is why bitcoin won't ever handle as many transactions as VISA - how could it, when people have the attitude that just using the network constitutes "spamming"?
LAST 1000 BLOCKS:
Bitcoin Unlimited blocks: 369 ( 36.9% )
Bitcoin Classic blocks: 4 ( 0.4% )
SegWit blocks: 279 ( 27.9% )
Bitcoin holders want bigger blocks: https://vote.bitcoin.com/arguments/block-size-limit-should-be-increased-to-8-mb-as-soon-as-possible
Miners and holders both want bigger blocks, and the TXs are backlogged. Core can raise the block size or cease to be relevant. Take your pick, Maxwell.
Bitcoin Unlimited blocks: 369 ( 36.9% )
Bitcoin Classic blocks: 4 ( 0.4% )
SegWit blocks: 279 ( 27.9% )
Bitcoin holders want bigger blocks: https://vote.bitcoin.com/arguments/block-size-limit-should-be-increased-to-8-mb-as-soon-as-possible
Miners and holders both want bigger blocks, and the TXs are backlogged. Core can raise the block size or cease to be relevant. Take your pick, Maxwell.
Let's see what happens with the implementation of SegWit in Litecoin. I think it will be important for Bitcoin, since if it gives some kind of problem it will be alert and if everything is all right, SegWit will gain strength.
you have little to no understanding of how bitcoin works and for the past month you have been constantly spamming useless topics and comments all over the forum about bitcoin
no matter what people are talking about, you just connect it to your chain of FUD trying so hard to create panic.
anyways thanks for making me laugh out loud, and also thanks for spreading the FUD for the past month about split so I can buy cheap coins.
I am glad that at least I made you laugh, however, I research everything before I post, so to attack me in that way, saying I don't know anything, or have very little understanding is unfair. Just because you and others don't agree, does not mean it's not true.
FUD? Not exactly sure what that is, however, I am not trying to create a panic, And I am totally against a split.
june/july 2016 mempool bump = blockstream wanting to cause drama to make CSV look like its needed
october 2016+ mempool longer bump = blockstream wanting to cause drama to make segwit look like its needed
april 2017+ mempool bump = blockstream wanting to cause drama to make UASF look like its needed
all mempool drama occurs when blockstream need to make people react and get frustrated that old code doesnt work.
..
meanwhile other implementations with no deadlines no threats no mallice no Nuke pool blackmails, simply plod along and have no reason to cause mempool bloat at specific times.
the specific timing of the mempool bloat is very revealing
october 2016+ mempool longer bump = blockstream wanting to cause drama to make segwit look like its needed
april 2017+ mempool bump = blockstream wanting to cause drama to make UASF look like its needed
all mempool drama occurs when blockstream need to make people react and get frustrated that old code doesnt work.
..
meanwhile other implementations with no deadlines no threats no mallice no Nuke pool blackmails, simply plod along and have no reason to cause mempool bloat at specific times.
the specific timing of the mempool bloat is very revealing
What exactly is going on here?: https://blockchain.info/unconfirmed-transactions Is it possible that It's some kind of attack from miners to make people think that we need Bitcoin unlimited? Hash rate is no longer being displayed on the first page for some reasons so I can't tell exactly.
Yeah, it is definitely a spam attack i think.
Even Coinbase has a hell of a ton of transaction backlog to go through. And although usually their transactions can stay pending for minutes before it is actually broadcasted onto the bitcoin blockchain, I waited like 1 hour for my transaction to go through today.
Make sure you pay enough fees, otherwise you're screwed.
I learned that lesson the hard way a while ago, luckily after about 30 hours the transaction went through.
These days you can't even just let your wallet decide the fees, even with dynamic ones, you always have to countercheck.
What exactly is going on here?: https://blockchain.info/unconfirmed-transactions Is it possible that It's some kind of attack from miners to make people think that we need Bitcoin unlimited? Hash rate is no longer being displayed on the first page for some reasons so I can't tell exactly.
Team WU&Ver is on again. Yesterday Ver declared war against core devs on his domain bitcoin.com and now another spam attack begins. Blocks were fine for a time and transactions were also fast.
These fucking parasites trying to take over bitcoin. Ain't somebody gonna do something about this?
Jihan Wu is running Bitmain (e.g antpool, and hashnest) in the same way that a communist government runs a nation. The only thing we can hope to do is band together and boycott the antpool, hashnet, his other products, and expose him for who he really is. Hopefully the miners will understand, in the long run, Bitcoin is better off without Jihan Wu and Bitmain.
It's now more than 70,000 showing... but why do you all think this is spam? This seems for me "normal" especially in past few months. Is it possible to see that it is different type of transactions, that would make them spam?
I also think the same, why do all of you think this is some kind of a spam attack?Miners could have to get some profits out of it, but It doesnt make sense for me basically spam up the blockchain just to get bigger fees from transactions?
50,000+ unconfirmed transactions is something I have seen many times in this year, as someone said before it is a rather common situation.
Is this thread more about the question why we can see such a big traffic on blockchain, or who does the spam attacks on bitcoin network?
Because I don't know yet, even 100,000+ not confirmed transactions have already happened many times, so what is the drama all about?
What exactly is going on here?
A usual thing. : https://blockchain.info/unconfirmed-transactions Is it possible that It's some kind of attack from miners to make people think that we need Bitcoin unlimited?
Why always bitcoin unlimited? Did segwit not also offering the blocksize increase? This just makes more people have realized about BU is the only one offering the blocksize increase. IMO, this is just a reaction due to the volatility of bitcoin market.
We need bigger blocks... lets all just run le BU
SegWit will more preferable.
What exactly is going on here?: https://blockchain.info/unconfirmed-transactions Is it possible that It's some kind of attack from miners to make people think that we need Bitcoin unlimited? Hash rate is no longer being displayed on the first page for some reasons so I can't tell exactly.
it has happened before, just because too many transactions with much lower transaction fees may get stuck check the graph for mempool count for last 60 days ( or 1 year )
https://blockchain.info/charts/mempool-count?timespan=60days
What exactly is going on here?: https://blockchain.info/unconfirmed-transactions Is it possible that It's some kind of attack from miners to make people think that we need Bitcoin unlimited? Hash rate is no longer being displayed on the first page for some reasons so I can't tell exactly.
Team WU&Ver is on again. Yesterday Ver declared war against core devs on his domain bitcoin.com and now another spam attack begins. Blocks were fine for a time and transactions were also fast.
These fucking parasites trying to take over bitcoin. Ain't somebody gonna do something about this?
This has the hallmarks of Jihan Wu written all over it.
you have little to no understanding of how bitcoin works and for the past month you have been constantly spamming useless topics and comments all over the forum about bitcoin no matter what people are talking about, you just connect it to your chain of FUD trying so hard to create panic.
anyways thanks for making me laugh out loud, and also thanks for spreading the FUD for the past month about split so I can buy cheap coins.
The map, showing all the flags, i wonder if they already have the tracking in place to identify where bitcoin transaction is made?
I am not sure what exactly you have in mind and want to imply here, but there is no easy or even possible way of knowing the origin of transactions.theoretically you need to be connected to literary all the nodes to know which one broadcasted the transaction for the first time and that is not possible.
by now I think everyone knows perfectly well that this is a clear spam attack against bitcoin network and there is no hiding the facts.
the question about who is responsible has been around for a long time and I am afraid we can only come up with speculations and I nave not yet seen any valid evidence on who is/are doing this and why are they doing it.
we know it started with the block size debate, so it can be related to that.
we also know that the fees are rising a lot because of this and fees go to the miners. in other words they are making profit from this spam attack and a big amount of profit not just a simple couple of percentages rise. the total fee they have been earning has gone up a lot.
p.s. here is the link to the hash rate but it is not showing anything about this: https://blockchain.info/pools
p.p.s. another problem is that you can't really call this a spam! these are transactions that bitcoin protocol allows making. and no rule is being broken while making them.
the question about who is responsible has been around for a long time and I am afraid we can only come up with speculations and I nave not yet seen any valid evidence on who is/are doing this and why are they doing it.
we know it started with the block size debate, so it can be related to that.
we also know that the fees are rising a lot because of this and fees go to the miners. in other words they are making profit from this spam attack and a big amount of profit not just a simple couple of percentages rise. the total fee they have been earning has gone up a lot.
p.s. here is the link to the hash rate but it is not showing anything about this: https://blockchain.info/pools
p.p.s. another problem is that you can't really call this a spam! these are transactions that bitcoin protocol allows making. and no rule is being broken while making them.
This has the hallmarks of Jihan Wu written all over it.
common situation
I've seen 100k+ during the ETF speculation
I've seen 100k+ during the ETF speculation
It's now more than 70,000 showing... but why do you all think this is spam? This seems for me "normal" especially in past few months. Is it possible to see that it is different type of transactions, that would make them spam?
What exactly is going on here?: https://blockchain.info/unconfirmed-transactions Is it possible that It's some kind of attack from miners to make people think that we need Bitcoin unlimited? Hash rate is no longer being displayed on the first page for some reasons so I can't tell exactly.
Yeah, it is definitely a spam attack i think.
Even Coinbase has a hell of a ton of transaction backlog to go through. And although usually their transactions can stay pending for minutes before it is actually broadcasted onto the bitcoin blockchain, I waited like 1 hour for my transaction to go through today.
Make sure you pay enough fees, otherwise you're screwed.
The map, showing all the flags, i wonder if they already have the tracking in place to identify where bitcoin transaction is made?
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