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Topic: Potentially miners attack? - page 2. (Read 387 times)

legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
August 17, 2023, 12:19:09 PM
#10
The opportunity cost of including these transactions would be those that could have been included to give the miners a higher profit. That would make sense if there is a collusion among the miners to artificially inflate the fees but generally game theory negates all of these collusion and would result in a far lower profit than expected.

Besides, the fact that most wallets are biased towards mempool size rather than historical block data as a fee estimation makes this less likely to influence the fees to a large extent.
legendary
Activity: 1596
Merit: 1288
August 17, 2023, 03:31:25 AM
#9
What are you thinking about it ?
Miners are not the only ones benefiting from higher transaction fees but some altcoins and exchanges, in 2017 there was a high volume of hashtags to support the BCH hypothesis and prove that Bitcoin is not suitable for everyday transactions.
Miners are the weaker party in the spam attack, as they do not make a profit from it, but on the contrary, the spam transactions that they make make the block full, while it could have been to include more transactions in that block and earn more fees.

If you think the fees are high, stop sending transactions.
legendary
Activity: 1834
Merit: 1208
August 17, 2023, 02:46:18 AM
#8
Stratum V2 will make people who don't have a lot money can't start to mine, so we can expect Bitcoin miners are probably like top 5-10 big companies. It will make them easier to reject some transactions since there are only few miners.

But I doubt it because miners are profit oriented, so they high likely will accept any transactions regardless it's Bitcoin or shitcoins that run in Bitcoin network.

Guys, we must stop our mempool from being spammed.
How? however currently the mempool is already normal.
legendary
Activity: 3346
Merit: 3125
August 16, 2023, 09:02:38 PM
#7
There is a problem with the transactions spam attack, and the problem is that you have to pay for each transaction. So, for an attack like this you need to spend a big amount.

Is the same as a business paying for marketing campaigns to get more sales, miners pay fees to increase the fees by priority. But is not the best strategy because your competitors (the other miners) get the same high fees benefit on each mined block when the mempool is full.
member
Activity: 162
Merit: 65
August 16, 2023, 08:36:52 PM
#6
Guys, we must stop our mempool from being spammed.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
August 16, 2023, 08:17:00 PM
#5
Just check out this block: https://mempool.space/block/0000000000000000000421dea73b197dec0c1c57a4620c274b7b048c1786c35b
all block is full of $0.08 cent transactions with $0.24 cents fee.

So are all other blocks at that time, what's so special about it?
Besides, it's not full of 8 cents fees, it also has stuff like this in it:
https://mempool.space/tx/34c4240978cc8497a82f3770e6e68ba43cd1e040b1135be91caf4cd3971665e5
Fee   3,832,070 sat $1,107

I heard that Stratum V2 firmware can potentialy solve some problems by giving more freedom to individual miner, which can avoid this transactions.

What is wrong with those transactions?
They are valid transactions, getting accepted by nodes, and they pay the fee just like others, who are you or anyone else to decide what should be allowed and what not? Besides, the individual miner, unless he somehow manages to get 2-3 Exahash of hashing power so, about 10-20 thousand miners at least can't and won't be able to do a thing.

Yeah, let's start censoring stuff we don't like because obviously, that's what Bitcoin was designed for!
Next will be thumblers and mixers because they make hundreds of tx, then there will be consolidations cause they also take too much space, then transactions under 10$ cause they present no interest then banning transactions between same wallets as they also clog the mempool, then miners won't accept transactions unless the owner of the originating address hasn't already submitted a sperm sample along his KYC data.


copper member
Activity: 1470
Merit: 1609
Bitcoin Bottom was at $15.4k
August 16, 2023, 07:39:06 PM
#4
Maybe your theory is correct, just like how Antivirus companies spread virus over Internet, miners (not all of them) might be adding these transactions to the the network just to get more fee.
It's a possibility to be very honest. How about you do some research and try to gather intel if these are actually miners who are doing it or it's due to the BTC Ordinal stuff? That's what I guess it is.
copper member
Activity: 2156
Merit: 983
Part of AOBT - English Translator to Indonesia
August 16, 2023, 07:33:40 PM
#3
I think this is somewhat similar with dust attack tho I just know it today, But if this spamming Bitcoin work we should see the spike in Bitcoin fee in the next block but after watching your Block transaction the next block and other blocks are still at the 6 sat/vb.
legendary
Activity: 2380
Merit: 5213
August 16, 2023, 07:16:07 PM
#2
Such transactions are spamming the network and have caused transaction fees to be higher, but it's not true that they are created by miners.
There are many other transactions similar to those you are talking about in other blocks and in the mempool and they are all related to ordinal scams.
newbie
Activity: 3
Merit: 0
August 16, 2023, 05:50:36 PM
#1
Since February 2023 mempool almost not empty and i thought that 2-3 biggest pool can spam mempool with low-fee transactions just to get more fee.
Just check out this block: https://mempool.space/block/0000000000000000000421dea73b197dec0c1c57a4620c274b7b048c1786c35b
all block is full of $0.08 cent transactions with $0.24 cents fee.
Probably we need additional compression for transactions like this because that all have same amount, fee and OUTPUT address, or some other solution.
I heard that Stratum V2 firmware can potentialy solve some problems by giving more freedom to individual miner, which can avoid this transactions.
What are you thinking about it ?

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