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Topic: Is the Mempool under a DOS attack? - page 2. (Read 308 times)

legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
May 07, 2023, 04:10:09 AM
#7
I am with you on this, what is happening on the Mempool is not cool as the fees are being reviewed upwards daily and it gets worse as days go by. I started noticing all these Mempool of a thing since last year when I joined BTT and I've never seen something like this before. This calls for a question if miners can't be manipulative at times.
Miners are not manipulating anything. Ordinals are likely the reason this is happening.
hero member
Activity: 826
Merit: 641
Leading Crypto Sports Betting & Casino Platform
May 07, 2023, 03:58:49 AM
#6
I think it might be related to the recent “NFTs” on Bitcoin movement. People are minting these inscriptions on the Bitcoin blockchain and taking up blockspace. They are fine to lay high fees and wait longer than most traditional users sending Bitcoin transactions. I think that is more likely than Bitcoin being under attack, as it’s already been proven that it can’t scale on the main layer.
I am with you on this, what is happening on the Mempool is not cool as the fees are being reviewed upwards daily and it gets worse as days go by. I started noticing all these Mempool of a thing since last year when I joined BTT and I've never seen something like this before. This calls for a question if miners can't be manipulative at times.

This can't be an attack as you explained since it had some times of falling too, but only to be greeted with higher fees.

#Edit: With the information gathered from my extensive queries, two main reasons could be the cause of the unbearable fee hikes. It could be because of the creation of BRC-20 on the Bitcoin blockchain and Ordinals issues. As a result, this issue might not soon go away, we should get used to it for a little while.
newbie
Activity: 5
Merit: 1
May 07, 2023, 03:56:42 AM
#5
There are two reasons that quickly come to my mind --it could be a [mistake or urgency].
Speaking of nefarious, I dont think it is possible that someone is intentionally paying high fees to hide some nefarious activity. Just like perhaps they be trying to obscure the source or destination of funds by flooding the network with lots of low-value transactions with high fees --something like that?
No, I used the word nefarious in the sense that someone is intentionally clogging up the mempool to make normal users pay outrageous fees and thus make Bitcoin less attractive.

I don't think it is a DDoS attack --using high-fee, low-value transactions would not be an effective method since the transactions would still be processed by the network, even at a higher fee.
I used the the term DoS (Denial of Service) loosely, in the sense that it becomes prohibitively expensive to transact smaller BTC amounts.
newbie
Activity: 5
Merit: 0
May 07, 2023, 03:28:13 AM
#4
Can you explain in simple andeasy manner... ?
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
May 07, 2023, 03:09:57 AM
#3
I think it might be related to the recent “NFTs” on Bitcoin movement. People are minting these inscriptions on the Bitcoin blockchain and taking up blockspace. They are fine to lay high fees and wait longer than most traditional users sending Bitcoin transactions. I think that is more likely than Bitcoin being under attack, as it’s already been proven that it can’t scale on the main layer.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
May 07, 2023, 02:31:35 AM
#2
There are two reasons that quickly come to my mind --it could be a [mistake or urgency].
Speaking of nefarious, I dont think it is possible that someone is intentionally paying high fees to hide some nefarious activity. Just like perhaps they be trying to obscure the source or destination of funds by flooding the network with lots of low-value transactions with high fees --something like that?

I don't think it is a DDoS attack --using high-fee, low-value transactions would not be an effective method since the transactions would still be processed by the network, even at a higher fee.

Look at the high-priority transaction fee on mempool while posting this it is 251 sats and the value is $10.22, so perhaps that transaction using a non-customize transaction fee wallet.
newbie
Activity: 5
Merit: 1
May 07, 2023, 02:09:22 AM
#1
I was wondering what is clogging up the mempool lately and decided to have a look. In one of the blocks I found the following 3 transactions:

https://mempool.space/tx/d0cc7f159d4be77b01954830ac02dd3717044fc63be5f0248fce822313c6ce86
https://mempool.space/tx/47c44058bd770508f6f93864342020caeecc804f6f06204944a58ae9cab13cb6
https://mempool.space/tx/7d2c3577250b452deb8c38f6881e8dd4dc9705c06d94370d5d11bdf8d43e3abc

All of the above pay a fee of ~10$ to produce a dust UTXO of 546 sats. There are a lot more like these, e.g. see the transaction history of the following address:

https://mempool.space/address/bc1p0h74a5yq5v33x4det366jxvs5afvkzw592maeqdrpneld9h0amfs4la4wa

So, somebody is paying miners outrageous fees to transfer almost no value. Why would anybody do that except for nefarious purposes?
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