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Topic: CoinWallet.eu Stress Test Cancelled + Bitcoin Giveaway - page 11. (Read 98906 times)

full member
Activity: 157
Merit: 102
Always remember to be awesome.
It was fun to keep on spending these txs Cheesy

But now F2Pool got in the game, they spoiled it :/ Unless we have more keys to play with?
sr. member
Activity: 252
Merit: 251
So, what, I uploaded a shit ton of these keys, it says I have oodles of btc in my blockchain acc, and I can't do shit with it... Fucking useless I guess, unless anyone has any ideas?


Basically it does not worth the effort, you are most likely to be able to pull out 0.005 bitcoin if you are lucky enough to broadcast a transaction with more than 500 inputs of 0.00001 bitcoin and get it confirmed by some of the nodes, that's $1 but will waste you a couple of hours time
I learned something today.
This experiment showed that several people don't fully understand how bitcoin transactions are constructed and how bitcoin ownership works. Several people seemed to think that 'sweeping' somehow automatically moves the inputs into their address without having to create a transaction. Sweeping does not move any coins and does not change coin ownership. Sweeping is just a layer that certain wallets provide that makes it look like everything has merged into one address when it really has just added a private key to your wallet.

about what wallet you are talking?

usually:
import: import the address in your wallet and dont do any transaction
sweep: move funds in your wallet and forget that privkey
legendary
Activity: 1442
Merit: 1186
So, what, I uploaded a shit ton of these keys, it says I have oodles of btc in my blockchain acc, and I can't do shit with it... Fucking useless I guess, unless anyone has any ideas?


Basically it does not worth the effort, you are most likely to be able to pull out 0.005 bitcoin if you are lucky enough to broadcast a transaction with more than 500 inputs of 0.00001 bitcoin and get it confirmed by some of the nodes, that's $1 but will waste you a couple of hours time
I learned something today.
This experiment showed that several people don't fully understand how bitcoin transactions are constructed and how bitcoin ownership works. Several people seemed to think that 'sweeping' somehow automatically moves the inputs into their address without having to create a transaction. Sweeping does not move any coins and does not change coin ownership. Sweeping is just a layer that certain wallets provide that makes it look like everything has merged into one address when it really has just added a private key to your wallet.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
This is the most fumiest stress test I've seen right after this one https://www.youtube.com/watch?v=4nAc7wab-l4  Grin
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
So, what, I uploaded a shit ton of these keys, it says I have oodles of btc in my blockchain acc, and I can't do shit with it... Fucking useless I guess, unless anyone has any ideas?


Basically it does not worth the effort, you are most likely to be able to pull out 0.005 bitcoin if you are lucky enough to broadcast a transaction with more than 500 inputs of 0.00001 bitcoin and get it confirmed by some of the nodes, that's $1 but will waste you a couple of hours time
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Imagine that a billionaire throwing out $20 notes every second at the top of Empire State Building, it will immediately jam the traffic in whole Manhattan  Grin

But that does not mean that you have to upgrade the road infrastructure of the New York city because of this

The stress test will prove that no matter how strong your infrastructure is, there is always a way to create chaos in the network, so the natural solution is to let the fee market develop, thus make the attack more and more expensive and become totally unfeasible

Currently the optimum fee is not automatically calculated for each client, there should be a fee market price feed into major clients



it kinda is like that isn't.
newbie
Activity: 3
Merit: 0
So, what, I uploaded a shit ton of these keys, it says I have oodles of btc in my blockchain acc, and I can't do shit with it... Fucking useless I guess, unless anyone has any ideas?
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
Actually I regard this as some kind of bitcoin faucet, not spam. Because you are still possible to construct valid transactions with decent fee, just each transaction is so huge that it stress the network heavily

A normal 1 input transaction is 220 bytes, but a 2000 input transaction will be 400KB, almost fill an average block. I think any transaction that combines more than 10 input should have significantly raised fee to discourage this kind of low value high frequency transaction

This test just showed that the blockchain is not suitable to do low value high frequency transaction, no matter how big the block size is
sr. member
Activity: 265
Merit: 250
CoinWallet

member
Activity: 60
Merit: 10
If you want a detailed look at the spam (rather than trying to infer it from mempool sizes), then try TxMon: https://reqrypt.org/txmon.html (disclosure: txmon is my own project).

Currently it reports: tx/s=2.93 bytes/s=13596.2
(enabled via --verbose command-line option).

Note that the 1MB limit supports ~1666.7 bytes/s, so we are currently about 8x capacity.  I've seen it spike to ~100000 bytes/s, which even overwhelms 8MB blocks.
hero member
Activity: 700
Merit: 500


Transactions average more than 1Kb each. Isn't that x4 the average?
newbie
Activity: 14
Merit: 1
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legendary
Activity: 1988
Merit: 1012
Beyond Imagination
Imagine that a billionaire throwing out $20 notes every second at the top of Empire State Building, it will immediately jam the traffic in whole Manhattan  Grin

But that does not mean that you have to upgrade the road infrastructure of New York city because of this

The stress test will prove that no matter how strong your infrastructure is, there is always a way to create chaos in the network, so the natural solution is to let the fee market develop, thus make the attack more and more expensive and become totally unfeasible

Currently the optimum fee is not automatically calculated for each client, there should be a fee market price feed into major clients
newbie
Activity: 8
Merit: 0
Mempool on Smartbit just got to 160k - https://www.smartbit.com.au/

May have to start thinking about ignoring transactions with low fees.
legendary
Activity: 1456
Merit: 1081
I may write code in exchange for bitcoins.
This will increase the amount of core nodes  Cheesy

Ha, indeed.  I guess it's actually a pretty interesting side-effect that could happen.  Imagine if all of a sudden everyone cranks up a full node and then suddently the bitcoin network has a lot more bandwith.  I guess as long as block sizes are limited you'll still have an issue getting the confirmatinos, but at least the network will be more robust!
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
This will increase the amount of core nodes  Cheesy
newbie
Activity: 14
Merit: 1
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legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
It's been 24 hours and I see no complaints on twitter from the usual Bitcoin devs nor do I see an uproar on Reddit about block delays.

I would pay zero attention to what you don't see here or on Reddit. lol

The /r/bitcoin is one of the most censored subreddits ever created. I think one mod reported that over 50% of the posts and comments are deleted.

legendary
Activity: 3430
Merit: 1142
Ιntergalactic Conciliator
as i say they are scammers. They say that they have cancel spam attack but this spam attack is running just now

https://blockchain.info/unconfirmed-transactions#oo

free bitcoin promotion is part of their plan to stress the bitcoin network. They give some .5 bitcoin to lure people and after that i am sure that will give away hundreds of address with some satoshis.
they only way to protect the people from them is to negative trust vote to their profile
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
get out of that silly spam game. This is their plan to spam the bitcoin network. To give away hundreds of private address and to stress test the network from people that going to claim that bitcoin. They are scammers!!

It's not working.  It's been 24 hours and I see no complaints on twitter from the usual Bitcoin devs nor do I see an uproar on Reddit about block delays.

So if this is their entire plan then it's just an inconvenience.  That said, this seems really well planned out so I don't think this is the entire gig.  I think the encore is coming.
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