What do you mean jump ship? Go LTC?
Not a bad thing to diversify for when total crap like this goes on, I personally have coins in three cryptos BTC (my main) and my two back ups Dash and Litecoin. I have seen a nice increase of wealth do to the two backups. 
Topic: Its time to jump ship w/ this BULLSHIT GOING ON!!! FUCK YOU CHINESE POOLS! (Read 2776 times)
July 17, 2015, 04:14:47 PM
July 17, 2015, 04:06:49 PM
WTF IS GOING ON?!?!?
There are 26k transactions in queue ... over 70MB mempool and the 3 largest pools are ignoring them entirely.
I hope all these get orphaned.
FUCK YOU CHINESE POOLS, fucking go rot in hell, thanks for ruining BTC along w/ ur spammy attacks.
There are 26k transactions in queue ... over 70MB mempool and the 3 largest pools are ignoring them entirely.
I hope all these get orphaned.
FUCK YOU CHINESE POOLS, fucking go rot in hell, thanks for ruining BTC along w/ ur spammy attacks.
Those 3 blocks were hashed almost at the same time. They are not empty deliberately.
Basically, when a mining pool sees that a new block has been mined (by receiving the header) it gives all its client miners an empty block template - as a temporary measure - while the pool receives and validates the new block, and constructs a tx filled block template for its miners. This takes time. It takes more time when the mempool is full of spam and it has to filter through junk to get decent fee-paying tx. Sometimes a block is mined before the process of building a decent-sized block is complete. The Chinese pools all want to mine big blocks, including ones >1MB (but can't until something like BIP 100 or 101 goes live).
+1
A very intelligent explanation, totally ignored by basically every subsequent response
July 17, 2015, 03:50:56 PM
WTF IS GOING ON?!?!?
There are 26k transactions in queue ... over 70MB mempool and the 3 largest pools are ignoring them entirely.
I hope all these get orphaned.
FUCK YOU CHINESE POOLS, fucking go rot in hell, thanks for ruining BTC along w/ ur spammy attacks.
As long as these pools have an advantage by not implementing any transaction, they will proceed to do so. It's better for them because this block is small and will be propagated between the nodes pretty fast. A 1MB block will be very slow so these pools have the chance to orphan other blocks even when they found a block a bit later then another miner found a 1MB block.
That won't stop and this will only get worse with bigger blocks. I don't know what to do against.
July 10, 2015, 04:14:23 PM
There are 26k transactions in queue ... over 70MB mempool and the 3 largest pools are ignoring them entirely.
I hope all these get orphaned.
FUCK YOU CHINESE POOLS, fucking go rot in hell, thanks for ruining BTC along w/ ur spammy attacks.
I hope all these get orphaned.
FUCK YOU CHINESE POOLS, fucking go rot in hell, thanks for ruining BTC along w/ ur spammy attacks.
Those blocks were mined within seconds of each other. It is common that close consecutive blocks are tiny blocks with little or no transactions. The network functions like that for many years, it is not because of malicious pool, Chinese or not. I have seen Slush and BTCGuild done that before a lot time ago when they were the stronger pools.
Solex has a good explaination on the first page:
https://bitcointalksearch.org/topic/m.11838710
You folks all realize that Coblee fixed this issue in Litecoin years ago, and advised Bitcoin devs that this was a problem. They didn't listen.
Hate to say this, but Litecoin is now the standby alternative if btc doesn't get it's act together.
Hate to say this, but Litecoin is now the standby alternative if btc doesn't get it's act together.
People has been repeating a million times now why the devs haven't included yet the LTC fix, even cobble made a reddit post about it, yet I haven't seen any dev addressing this in here. Did gmaxwell say anything about this?
This should be a quick fix that doesn't need any fork or anything fancy, just a software update.
The proposed "fix" raises fees for small outputs. The current spam transactions have large non-dust outputs. The "fix" wouldn't work for this attack.
July 10, 2015, 03:45:02 PM
Hey
If you want to stop chinese to get all the hashrate then mine on kano.is, bitminter or slush.
Mine on others pools is the minimum you can do!
If you want to stop chinese to get all the hashrate then mine on kano.is, bitminter or slush.
Mine on others pools is the minimum you can do!
July 10, 2015, 03:39:05 PM
You're not alone. There are transactions with the minimum fees on it that aren't confirmed yet by the network. Some of them as old as 42 hours now. Larger block sizes aren't needed right now imo. People are suggesting that because we are experiencing some "testing" in the network when in fact, a normal day on the network isn't requiring that much space for transactions.
Not yet but it will one day.
Also, I run a full bitcoin node, taking nearly 50GB of drive space. You'd think that would count for something. Transaction is still sitting there...
July 10, 2015, 03:36:19 PM
Well, despite all something needs to be fixed.
I've been waiting now for 3 hours for my not-insignificant bitcoin txn with fee to be confirmed. It hasn't yet.
Floating fees, larger block sizes, and other tweaks would be good but my understanding is bitcoin code is in gridlock right now.
I've been waiting now for 3 hours for my not-insignificant bitcoin txn with fee to be confirmed. It hasn't yet.
Floating fees, larger block sizes, and other tweaks would be good but my understanding is bitcoin code is in gridlock right now.
You're not alone. There are transactions with the minimum fees on it that aren't confirmed yet by the network. Some of them as old as 42 hours now. Larger block sizes aren't needed right now imo. People are suggesting that because we are experiencing some "testing" in the network when in fact, a normal day on the network isn't requiring that much space for transactions.
July 10, 2015, 03:22:32 PM
Well, despite all something needs to be fixed.
I've been waiting now for 3 hours for my not-insignificant bitcoin txn with fee to be confirmed. It hasn't yet.
Floating fees, larger block sizes, and other tweaks would be good but my understanding is bitcoin code is in gridlock right now.
I've been waiting now for 3 hours for my not-insignificant bitcoin txn with fee to be confirmed. It hasn't yet.
Floating fees, larger block sizes, and other tweaks would be good but my understanding is bitcoin code is in gridlock right now.
July 10, 2015, 02:06:15 PM
This thread is extremely racist. Blocks with 1 transaction have been around forever, and it's certainly not the fault of the Chinese.
China has most of the world's hash power, so they mine more 1 transaction blocks. The racist idiots here don't realize China is actually securing the network and it's best not to scare them away.
China has most of the world's hash power, so they mine more 1 transaction blocks. The racist idiots here don't realize China is actually securing the network and it's best not to scare them away.
I agree with the racist remarks. If they left tho, someone out there would take their place, remember that this is a self regulated system, if you leave, difficulty goes down, and the next guy gets the profit.
July 10, 2015, 02:00:48 PM
This thread is extremely racist. Blocks with 1 transaction have been around forever, and it's certainly not the fault of the Chinese.
China has most of the world's hash power, so they mine more 1 transaction blocks. The racist idiots here don't realize China is actually securing the network and it's best not to scare them away.
China has most of the world's hash power, so they mine more 1 transaction blocks. The racist idiots here don't realize China is actually securing the network and it's best not to scare them away.
But it appears to be much more common than back in the old days.. They must have some kind of thing going to fill a certain percent of their blocks with nothing..
July 10, 2015, 01:34:27 PM
FUCK YOU CHINESE POOLS, fucking go rot in hell, thanks for ruining BTC along w/ ur spammy attacks.
Beg your pardon, How do you precisely come to an conclusion that it is from Chinese pools, have you got any IP Address proof or it is an assumption, I'm curious to know it, your little explanation is appreciable. July 10, 2015, 01:32:03 PM
You folks all realize that Coblee fixed this issue in Litecoin years ago, and advised Bitcoin devs that this was a problem. They didn't listen.
Hate to say this, but Litecoin is now the standby alternative if btc doesn't get it's act together.
Hate to say this, but Litecoin is now the standby alternative if btc doesn't get it's act together.
People has been repeating a million times now why the devs haven't included yet the LTC fix, even cobble made a reddit post about it, yet I haven't seen any dev addressing this in here. Did gmaxwell say anything about this?
This should be a quick fix that doesn't need any fork or anything fancy, just a software update.
July 10, 2015, 01:26:26 PM
EVERY SINGLE ATLCOIN PUMP AND DUMP 's goal is to increase their BTC holding. Learn this and you can see why altcoin market is a joke.
Always the same "OMG bitcoin is dooooomed!!! Buy altcoin XYZ right now, its the future!!"
then price goes up and later comes crashing down... fun times
Right, as if altcoins are not subject to attacks and schemes. They are just not worth as much the effort compared to bitcoin.
Fun times indeed, especially playing in the altcoin market in order to gain more btc.
Well, there is btc in the altcoin market. It just so happen that almost every altcoin being introduced in the market is a pump and dump scheme, which is kinda unethical and unfair to most of the traders. July 10, 2015, 01:21:47 PM
You folks all realize that Coblee fixed this issue in Litecoin years ago, and advised Bitcoin devs that this was a problem. They didn't listen.
Hate to say this, but Litecoin is now the standby alternative if btc doesn't get it's act together.
Hate to say this, but Litecoin is now the standby alternative if btc doesn't get it's act together.
July 10, 2015, 01:14:30 PM
Why are users not leaving such pools?
They should leave them and also those that generate invalid blocks. Those should be booted out of existence!
They should leave them and also those that generate invalid blocks. Those should be booted out of existence!
Invalid blocks?
Version 2 blocks. This is also related to the warning in the header of the forum. Some miners are still generating invalid blocks.
Details here Some Miners Generating Invalid Blocks!
July 10, 2015, 01:10:59 PM
Everyone on this forum blathers on about "rational actors" and "self interest". Here's the perfect example of that. These rational actors are working in their self interest by making blocks as small as possible so they can propagate faster and thus have a better chance of claiming the block reward.
It would be a monster issue if more pools decide to start doing this. Why deal with transaction fees if you can have your found blocks propagate faster and get the reward?
It would be a monster issue if more pools decide to start doing this. Why deal with transaction fees if you can have your found blocks propagate faster and get the reward?
July 10, 2015, 11:54:56 AM
Nobody said these pools wanted to build a block with only one transaction... Where is the data that makes that a fact?
July 10, 2015, 11:40:43 AM
Be great if Bitcoin can just switch over to a POS system and still have the ability to mine its coins while preventing big ASIC companies capitalizing this..
Seems like its already doable... Any current minable coin right now can piggy back on top of an existing POS coin to take advantage of the security features:
Seems like its already doable... Any current minable coin right now can piggy back on top of an existing POS coin to take advantage of the security features:
July 10, 2015, 11:31:01 AM
Why are users not leaving such pools?
They should leave them and also those that generate invalid blocks. Those should be booted out of existence!
They should leave them and also those that generate invalid blocks. Those should be booted out of existence!
Invalid blocks?
July 10, 2015, 11:15:20 AM
Why are users not leaving such pools?
They should leave them and also those that generate invalid blocks. Those should be booted out of existence!
They should leave them and also those that generate invalid blocks. Those should be booted out of existence!
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