Probably stress tests are being run in the light of recent block limit discussion, but as people have said, when price goes up, normally transactions do too.
As for shorena's post, I find it really disturbing that 6k unconfirmed transactions waiting isn't that much of a number... I wasn't aware that this number was so high at times. I'm all in favor of rising block size limit, but these high numbers still shock me. Just goes on showing that people who don't want to raise the block limit aren't really thinking clearly...
We need that block size change ASAP. We're a "small player", for now. Imagine when Bitcoin approaches most people and people start using it more frequently and for more things... We definitely don't want to have hundreds of thousands of transactions just waiting hours for one confirmation.
Topic: Miners are all hitting close to the cap currently - page 2. (Read 1867 times)
I guess people are preparing to dump their coins when the price hits their desired level. Moving out of cold storage first, then moving them to exchange. Prepare for some massive volume 
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May be people are moving coins to the exchange or out of cold storage. I haven't heard any major news to trigger a climb, I think people are just more confident in the $250 support level and decides it's a good time to buy.
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May be people are moving coins to the exchange or out of cold storage. I haven't heard any major news to trigger a climb, I think people are just more confident in the $250 support level and decides it's a good time to buy.
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You are probably correct. I'm not a day trader, so I never see this coming.
#1 price is on the rise, price changes usually result in more transactions
#2 TX are piling up and I guess most miners have found the config file to raise the softlimit from 750KByte
PS 6K unconfirmed is nothing spectacular.
#2 TX are piling up and I guess most miners have found the config file to raise the softlimit from 750KByte
PS 6K unconfirmed is nothing spectacular.
Thank you for your comment.
I'm just surprised, for a while now, the blocks found seem to be hitting the miners own self imposed block limit. All look 700 and 900s.
I didn't know this was normal when prices rise like this.
I have not paid attention much to the blocksize amounts till the debate of 20mb of the past few months.
I was just surprised to see the size consistently. Usually I see a 500kb or less thrown in between the large blocks.
I was fully expecting a bounce on the price, it fell too much too quickly. If you look at the market information it was obvious to see. I can't say where it will go from here, but I think it will not return back down to ~220 in the next few weeks. I hope it just stabilizes tbh, even if you are a day trader it is great when the price stays in a good stable range. I don't day trade BTC. I think that a stable price is great for wider adoption as a currency, and with the really great news recently (movie theaters taking btc) I think there is a good chance of some new blood coming in.
Histroy tells us transactions goes up whenever bitcoin price is rising. May be people are moving coins to the exchange or out of cold storage. I haven't heard any major news to trigger a climb, I think people are just more confident in the $250 support level and decides it's a good time to buy.
The average block size is still below 500k, but your screenshot does show we are close to the 1M cap.
The average block size is still below 500k, but your screenshot does show we are close to the 1M cap.
it was so odd to see the spike today, i sold a little yesterday thinking it was going to go down a to around 224 or so.
Histroy tells us transactions goes up whenever bitcoin price is rising. May be people are moving coins to the exchange or out of cold storage. I haven't heard any major news to trigger a climb, I think people are just more confident in the $250 support level and decides it's a good time to buy.
The average block size is still below 500k, but your screenshot does show we are close to the 1M cap and it is worrying.
The average block size is still below 500k, but your screenshot does show we are close to the 1M cap and it is worrying.
Why are we getting so close to the cap like this?
Are people running stress tests again?
Also the BTC market price rose greatly today. Based on what news?
What is going on?
Are people running stress tests again?
Also the BTC market price rose greatly today. Based on what news?
What is going on?
#1 price is on the rise, price changes usually result in more transactions
#2 TX are piling up and I guess most miners have found the config file to raise the softlimit from 750KByte
PS 6K unconfirmed is nothing spectacular.
Why are we getting so close to the cap like this?
Are people running stress tests again?
Also the BTC market price rose greatly today. Based on what news?
What is going on?
Are people running stress tests again?
Also the BTC market price rose greatly today. Based on what news?
What is going on?
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