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Topic: Its time to jump ship w/ this BULLSHIT GOING ON!!! FUCK YOU CHINESE POOLS! - page 2. (Read 2776 times)

manselr

legendary

Legendary level

Activity: 868

Merit: 1006

Quote from: GenTarkin on July 09, 2015, 10:30:15 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.

This is great news, and shows Bitcoin's vulnerabilities.
Do you want Bitcoin to be a success? Then make it immune to such attacks, instead of being a crybaby. People with agendas exist in the real world, an attack would happen sooner or later. Do you think everyone would be nice with Bitcoin? lol. We have to make Bitcoin ready with a nice diamond armor to be able to resist any hits, we can't hope on the good will of human beings out there, that is just delusional. Its better than this happens now and not later when BTC is huge.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Anyone looking to "jump ship" from bitcoin, I will offer you 1/10th market rate for your coins.

Agestorzrxx

sr. member

Activity: 462

Merit: 250

This is suicide, it's crazy.
Why they are ignoring them? It's may ruin bitcoin, that's bad.

pawel7777

legendary

Legendary level

Activity: 2436

Merit: 1561

Quote from: solex on July 10, 2015, 02:36:01 AM

Quote from: GenTarkin on July 09, 2015, 10:30:15 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.

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).

Thanks for explanation.

All seems OK now, blocks are nearly full and number of unconfirmed txs fell to ~10k (from 26K)

tss

hero member

Activity: 742

Merit: 500

i hope the chinese NEVER process any of the dust and spam backlog.

dont like it? stop using btc to send pennies and go send some real money.

are all of the complaints from dice players and penny traders mad their fractional pennies aren't going through?

TibanneCat

full member

Activity: 210

Merit: 100

BTC > etc

Quote from: meono on July 10, 2015, 04:14:10 AM

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.

bahamapascal

hero member

Activity: 695

Merit: 500

Nxt with POS will never have such problems...No fear of centralized mining or 51% Attack Cheesy

Cheesy

Maybe BTC will one day be a coin on the Nxt Monetary Platform. Then it would Benefit from The Nxt blockchain but still have the benefits of BTC.
But I guess that won't happen in the near future.

In the mean while hope that the Pools and Unconfirmed tx wont mess up the price, quite enjoying the nice price increase.

alxx77

member

Activity: 95

Merit: 10

GO POS..!! Cheesy

Cheesy

TQMA

jr. member

Activity: 59

Merit: 100

Bitcoin is the currency of resistance.

Litecoin? No thanks

yassin54

legendary

Legendary level

Activity: 1540

Merit: 1000

you have it https://wiki.nxtcrypto.org/wiki/Monetary_System Bitoin POS is now Cheesy

Cheesy

meono

full member

Activity: 196

Merit: 100

Quote from: ragi on July 10, 2015, 04:33:17 AM

Quote from: meono on July 10, 2015, 04:14:10 AM

Dont be a fool, the LTC was pumped as a pyramid scheme by a group of Chinese miners.... They're also the one doing the spam attack.

Hint for you: they're dumping their LTC to fools who "jump ship"

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.

I get what you're saying. But don't tnink LTC is like others pump and dump shitcoins. We'll see what will come from this.

dont think, because thats where you're fucked. just look at the fact.

ragi

hero member

Activity: 686

Merit: 500

Quote from: meono on July 10, 2015, 04:14:10 AM

Dont be a fool, the LTC was pumped as a pyramid scheme by a group of Chinese miners.... They're also the one doing the spam attack.

Hint for you: they're dumping their LTC to fools who "jump ship"

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.

I get what you're saying. But don't tnink LTC is like others pump and dump shitcoins. We'll see what will come from this.

Kakmakr

legendary

Legendary level

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

What is the logic behind this? Most people do not even understand the fee structure and just use the default values.
Only a few people, who does understand this, would increase their fees. The only thing they are doing is to alienate new users, who only see the slow transaction confirmations. When these people leave, the demand decrease and their coins are valued less. They also had to push in a bunch of money to start this backlog, so it neutralize the profit they would be making from the increase fee's?

--Encrypted--

copper member

Activity: 924

Merit: 1007

hee-ho.

go ahead and jump out of the space ship. Tongue

Tongue

in case you haven't notice the price just went up again overnight, now hovering above 280$

meono

full member

Activity: 196

Merit: 100

Quote from: ragi on July 10, 2015, 03:13:38 AM

Quote from: HCLivess on July 10, 2015, 02:39:44 AM

What do you mean jump ship? Go LTC?

It would be better at this point. Little late, but still better.

Dont be a fool, the LTC was pumped as a pyramid scheme by a group of Chinese miners.... They're also the one doing the spam attack.

Hint for you: they're dumping their LTC to fools who "jump ship"

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.

alani123

legendary

Legendary level

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

OP, feel free to create your own altcoin where authoritarian standards will apply and you'll be able to simply kick out any miner that doesn't abide by your block creation standards.

meono

full member

Activity: 196

Merit: 100

Quote from: GenTarkin on July 09, 2015, 10:30:15 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.

Time to go for 20MB blocks..... FUCK THE CHINESE PIECE OF SHIT

The same ppl who attack the blockchain pump LTC as an investment in Pyramid scheme. If we allow them to do this, crypto is a joke to everyone.

dothebeats

legendary

Legendary level

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: Xialla on July 10, 2015, 02:39:30 AM

wow, 29.7k transactions unconfirmed, I never saw higher number, is this new record?

anyway yes, this is exactly, why bitcoin should be decentralized as much as possible. in current scenario of 5 big mining pools controlling majority of total hashrate this was imho more than expected. just consequence of fact, that mining is only for companies..

But unfortunately we cannot dictate mining companies to reduce their farms because it's their business. As long as the companies have the efficient and fast equipment to hash, they will mine and mine even if the mining scene turn out to be a centralized scene. Switch to a different method, maybe? PoW sure secures the network, but it prevents decentralization to happen.

Amph

legendary

Legendary level

Activity: 3248

Merit: 1070

Quote from: HCLivess on July 10, 2015, 02:39:44 AM

What do you mean jump ship? Go LTC?

only until this whole mess will be sorted out, then back to bitcoin, i'm sure many are already doing it

is good to have an alternative like litecoin, when the main ship is damaged

ragi

hero member

Activity: 686

Merit: 500

Quote from: HCLivess on July 10, 2015, 02:39:44 AM

What do you mean jump ship? Go LTC?

It would be better at this point. Little late, but still better.

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