Pages:
Author

Topic: Coinwallet attack is causing backlog in the network and blockchain...hurting BTC (Read 3040 times)

legendary
Activity: 2212
Merit: 1038
The temperature of one blade is now 85°F and bitcoind connectivity is almost completely gone.

So am I like the bad guy here? Is this why I'm being attacked?

Edit:

I've restored bitcoind connectivity by raising the minimum transaction fee to 0.0005 BTC and cooled the miner to 71°F by dropping its frequency.
full member
Activity: 196
Merit: 100
This feels more like an attempted denial of service attack on my computer than a test.

That's what it is. I don't think anybody agreed to this test.
legendary
Activity: 1806
Merit: 1024
Just kick back and enjoy it. I'm certainly not fretting. People need to learn at some point that the fee paid in an incentive-based system is not static. If you get a transaction stuck once, it shouldn't happen again.

I agree with this sentiment. I mean the fees are already lower than anything else out there. Visa charges you indirectly via merchant fees (higher prices) around 3% to use your charge or debit card. People complaining about going from 5 cents to a dime, or even a quarter, really? The only time it would be an issue is with really small purchases, but for comparison a $5.00 charge card purchase ends up costing you $0.15 too. But a $100 cc purchase is $3.00 versus BTC's 15 or 25 cent fee.

Couldn't agree more. In my opinion for Bitcoin to stay healthy in the longterm we need a working fee market - and that means higher fees in general to mitigate spam and provide sufficient mining incentive after the block rewards have dropped.

Of course this won't be the end of small transactions. These transactions will be more efficiently (faster and cheaper) channeled through sidechains and finally settled on the main chain. That's the only reasonable way to scale Bitcoin without giving up decentralization.

I did not experience any usage problems during the spam attack yet, since I do not initiate sub-0.01-transactions and pay proper fees.

ya.ya.yo!
legendary
Activity: 1078
Merit: 1011
I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).

It's only few days passed, 2+ weeks ahead.
oh god, are they actually going to do this for 2more weeks?.  Cry

Just kick back and enjoy it. I'm certainly not fretting. People need to learn at some point that the fee paid in an incentive-based system is not static. If you get a transaction stuck once, it shouldn't happen again.

I agree with this sentiment. I mean the fees are already lower than anything else out there. Visa charges you indirectly via merchant fees (higher prices) around 3% to use your charge or debit card. People complaining about going from 5 cents to a dime, or even a quarter, really? The only time it would be an issue is with really small purchases, but for comparison a $5.00 charge card purchase ends up costing you $0.15 too. But a $100 cc purchase is $3.00 versus BTC's 15 or 25 cent fee.
legendary
Activity: 2212
Merit: 1038


You can see it just drops off completely for short periods, the miner doesn't like this.
legendary
Activity: 2212
Merit: 1038
They're trying to overheat my miner? Blades running at 71°F and 77°F, a 10°F jump in temperature and I'm also seeing intermittent bitcoind connectivity issues.

This feels more like an attempted denial of service attack on my computer than a test.
hero member
Activity: 756
Merit: 500
i did some googling and found that some clients just make the disappear from the pool, and ill have to send it again, is that correct?

If you send it again then you may get a double payment. The only way to do it once is to use the same input(s).
i cant send it again though, im using the ios bither app and its taken the 0.1 from my balance.
legendary
Activity: 2142
Merit: 1010
Newbie
i did some googling and found that some clients just make the disappear from the pool, and ill have to send it again, is that correct?

If you send it again then you may get a double payment. The only way to do it once is to use the same input(s).
hero member
Activity: 924
Merit: 1000
I AM
XT wannabe's doing this. Thing is it's not affecting price. why would you sell because of it? muppets cream for FUD
hero member
Activity: 756
Merit: 500
i did some googling and found that some clients just make the disappear from the pool, and ill have to send it again, is that correct?
hero member
Activity: 756
Merit: 500
I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).

It's only few days passed, 2+ weeks ahead.
oh god, are they actually going to do this for 2more weeks?.  Cry

Just kick back and enjoy it. I'm certainly not fretting. People need to learn at some point that the fee paid in an incentive-based system is not static. If you get a transaction stuck once, it shouldn't happen again.
i didnt know about the test and sent a 0.1btc tx to my paper wallet and have no idea how to recover it. Sad
hero member
Activity: 756
Merit: 502
CryptoTalk.Org - Get Paid for every Post!
I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).

It's only few days passed, 2+ weeks ahead.
oh god, are they actually going to do this for 2more weeks?.  Cry

Just kick back and enjoy it. I'm certainly not fretting. People need to learn at some point that the fee paid in an incentive-based system is not static. If you get a transaction stuck once, it shouldn't happen again.
hero member
Activity: 756
Merit: 500
I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).

It's only few days passed, 2+ weeks ahead.
oh god, are they actually going to do this for 2more weeks?.  Cry
hero member
Activity: 672
Merit: 500
Their attack is mild so far. I do not see lots of members asking for help during the last attack. May be users are cleverer this time, or coinwallet want to start off mild and escalate toward the end of the attack. I say we are prepared for this. They can burn their bitcoin in transaction fee or giveaway free dust amounts. They cannot bring the bitcoin network down.
sr. member
Activity: 266
Merit: 250
Seeing as coinwallet.eu see it as acceptable to spam the network again for no reason, I'm sure they'll be fine with being spammed themselves:

[email protected]

or

https://www.coinwallet.eu/contact

Feel free to contact them with as much spam as you feel appropriate. You can also let your feelings be heard by leaving some kind of trust statement on their profile for everyone to read  Wink

https://bitcointalk.org/index.php?action=trust;u=553487

Knock yourselves out.
legendary
Activity: 2142
Merit: 1010
Newbie
I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).

It's only few days passed, 2+ weeks ahead.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Over 30,000 unconfirmed transactions now according to blockchain.info - https://blockchain.info/unconfirmed-transactions

This is disgraceful behaviour by Coinwallet to be honest, as a bitcoin company it is negligent to engage in such behaviour attacking the network.

This is definitely the highest number of unconfirmed transactions I can remember seeing even more than previous stress tests spam attacks.


I set bid order at $152, let's see if I get it filled.

I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).
legendary
Activity: 2142
Merit: 1010
Newbie
What? They are, in effect, stealing any money that is sent to them. Go ahead: load their website, assume their promises to credit any cash that you send them in a mail (yes, they provide an address for cash-in-mail), and see what happens when you send it. You will simply have your money stolen.

What are you talking about? If you are endorsing the act of theft, then agree to disagree.

If they do steal then it changes everything, I got confused by your "providing a way to recover your money" because it's side-effect of majority anonymous money transfer schemes.
hero member
Activity: 756
Merit: 502
CryptoTalk.Org - Get Paid for every Post!
in fact, criminal, considering they allow you to send them cash and bitcoin without providing the stated services/providing a way to recover your money

Criminal for not babysitting you? Or you call "criminal" everything that few guys in govt labeled as "criminal"?

What? They are, in effect, stealing any money that is sent to them. Go ahead: load their website, assume their promises to credit any cash that you send them in a mail (yes, they provide an address for cash-in-mail), and see what happens when you send it. You will simply have your money stolen.

What are you talking about? If you are endorsing the act of theft, then agree to disagree.
legendary
Activity: 2142
Merit: 1010
Newbie
in fact, criminal, considering they allow you to send them cash and bitcoin without providing the stated services/providing a way to recover your money

Criminal for not babysitting you? Or you call "criminal" everything that few guys in govt labeled as "criminal"?
Pages:
Jump to: