Topic: Stress test is underway - Watch your fees. - page 2. (Read 5140 times)
Strange, it's steady ?
The network proved much more resilient than last time. I had problems with 2 transactions during the last stress test, but I haven't noticed anything during that one.
https://en.wikipedia.org/wiki/Statistical_significance
The network proved much more resilient than last time. I had problems with 2 transactions during the last stress test, but I haven't noticed anything during that one. Does anyone know if it was "smaller" than before?
There's only one way to deal with spam. Ignore it.
Perhaps you have something more interesting to do with your time.
Perhaps you have something more interesting to do with your time.
I don't think it's a good idea just to ignore it. this spam may cause some problem to people that is not aware of it.
Correct, this is spam, and how do we deal with email spam? With filters in order to reduce the noise, spam filters have become so effective that only one out of 1000 reaches its destination. So there could be a way to implement something similar in the Bitcoin Core?
I am sure there is a way, I mean I am not a technical expertise, but I am sure this is feasible. The only problem is that the devs are so preoccupied at the moment with the block site increase debate, so things like this will just have to wait.
Until something like this isn't implemented, we should just keep an eye on stress tests like this and include slightly bigger fee when there is one around. This is a current, manual workaround for this problem.
There's only one way to deal with spam. Ignore it.
Perhaps you have something more interesting to do with your time.
Perhaps you have something more interesting to do with your time.
I don't think it's a good idea just to ignore it. this spam may cause some problem to people that is not aware of it.
Correct, this is spam, and how do we deal with email spam? With filters in order to reduce the noise, spam filters have become so effective that only one out of 1000 reaches its destination. So there could be a way to implement something similar in the Bitcoin Core?
Can you explain this statistic?
It doesn't cost $5.8 in tx fees
Dilution - miners presently receive a reward when they mine a block. Hence, the real cost per transaction is (value of 1 BTC * size of miner reward) + fees / number of transactions. As it turns out, there are relatively few transactions per block and the mining reward is fairly hefty in USD equivalent. Hence, the high cost per transaction. This should go down over time as the currency increases in popularity and the block size cap is lifted.
Seeing as coinwallet.eu see it as acceptable to spam the network again for no reason, I'm sure they'll be fine with being spammed themselves:
[email protected]
or
https://www.coinwallet.eu/contact
Feel free to contact them with as much spam as you feel appropriate. You can also let your feelings be heard by leaving some kind of trust statement on their profile for everyone to read
https://bitcointalk.org/index.php?action=trust;u=553487
Knock yourselves out.
[email protected]
or
https://www.coinwallet.eu/contact
Feel free to contact them with as much spam as you feel appropriate. You can also let your feelings be heard by leaving some kind of trust statement on their profile for everyone to read
https://bitcointalk.org/index.php?action=trust;u=553487
Knock yourselves out.
ohh no.. so much spam to send and the network is not confirming it all in the first block. the horror.. the horror.
nothing to see here. business is usual. only spammers have issue and complain about this. the resilient bitcoin network is dealing with spam properly. as for the backlog. it should just be dumped.
nothing to see here. business is usual. only spammers have issue and complain about this. the resilient bitcoin network is dealing with spam properly. as for the backlog. it should just be dumped.
For those you might be in a hurry to get a confirmation it is a pain in the ass. Ignoring that won't make the problem magically go away.
TOTAL BS. i make transactions during stress test and they confirm in the first block. then again im not sending gambling dust.
Note that the Bitcoin network presently pays about $5.8 USD per transaction. That includes some fees but mostly the mining reward.
https://blockchain.info/charts/cost-per-transaction
A bit irresponsible for people to abuse low transaction fees to spam the network particularly while the 1MB cap is in place.
https://blockchain.info/charts/cost-per-transaction
A bit irresponsible for people to abuse low transaction fees to spam the network particularly while the 1MB cap is in place.
Can you explain this statistic?
It doesn't cost $5.8 in tx fees
Note that the Bitcoin network presently pays about $5.8 USD per transaction. That includes some fees but mostly the mining reward.
https://blockchain.info/charts/cost-per-transaction
A bit irresponsible for people to abuse low transaction fees to spam the network particularly while the 1MB cap is in place.
https://blockchain.info/charts/cost-per-transaction
A bit irresponsible for people to abuse low transaction fees to spam the network particularly while the 1MB cap is in place.
They have proven human greed is stronger than what most of us anticipated. People would kill the "Golden Cow" to get to the free milk. 
....The only winners here... The Miners. 
....The only winners here... The Miners. I don't know, if they're killing the cow long term, doesn't that negate the incentive to go for the short term gain? Not everyone's rational though, I know.
I will reduce my Bitcoin transactions as much as possible during this "stress test". There was enough time to prepare myself and I did that.
There isn't any problem if you use the standard fee. I have done lots of transactions during the test and not a single one gave me problems except if I wanted to get cheap with the fees. It just proved that bigger blocks are even more problematic during such kind of stress: The attacker can still spend 200 BTC and create 10x more traffic with 10x lower fee in each transaction, but the 10x larger mempool and 10x larger block will definitely crash most of the nodes
That's not how it works. The block size limit doesn't allow for lower fees. It only allows miners to process larger blocks if and when desired to clear out a larger number of transactions. Think of it this way: most of the time, not during stress tests, blocks are not full; the 1MB limit exists but there is still room to go as miners create smaller blocks. This doesn't change the fee people pay to have transactions relayed and included. The only difference large blocks have on a 'stress test' is they allow a miner to clear out a backlog of transactions, meaning users are less likely to experience confirmation delay. A limit ten times higher means it costs at least ten times more to create a backlog.
bitcoin is passing the stress test, that's what i see. if anything this is a point for 1MBers.
What would happen if the load was 10 times more intense? Right now Bitcoin doesn't have tremendous adoption, only a few million users or so, but everyone expects that to change. What happens if blocks are normally full and a test occurs, say 10 times larger? Coinwallet's budget is $50K, but it's conceivable to imagine enemies with $500K resources. Western Union, for example, profits 40 million dollars per day.
bitcoin is passing the stress test, that's what i see. if anything this is a point for 1MBers.
Have anyone figured out if other attacks are also being done, apart from this "test" attack? I would think other people would piggy back on this opportunity to mask their attack
in the confusion and to get more results with less money.
Well, they achieved one thing from this test... They have proven human greed is stronger than what most of us
anticipated. People would kill the "Golden Cow" to get to the free milk. ....The only winners here... The Miners.
in the confusion and to get more results with less money.
Well, they achieved one thing from this test... They have proven human greed is stronger than what most of usanticipated. People would kill the "Golden Cow" to get to the free milk.
....The only winners here... The Miners. 
I'm already becoming pretty bored with all this! I'm getting tired of having to pay high fees (.0005) to withdraw funds from the exchanges. This is killing arbitrage trading...
thanks for the warning, OP.
I hate these stress tests. it doesn't even have any benefit for anyone.
I wonder how much BTC they will waste trying to create 1 month backlog...
I hate these stress tests. it doesn't even have any benefit for anyone.
I wonder how much BTC they will waste trying to create 1 month backlog...
The last I read, I think they stated they were planning on spending 200 BTC.
I have no idea if they will actually waste a full 200 BTC on their little stunt, or if that's just meant to be some sort of scare tactic. I guess we'll see.
It just proved that bigger blocks are even more problematic during such kind of stress: The attacker can still spend 200 BTC and create 10x more traffic with 10x lower fee in each transaction, but the 10x larger mempool and 10x larger block will definitely crash most of the nodes
Anyway, nodes will start to filter the spam transaction by raise the relay fee threshold when they see the mempool is too large, this will drop low-fee transactions. Unless the spam transactions would pay a higher fee than many of the legitimate users, it won't make a sense
I guess as a user, we are left with little choice but to live with it. Can imagine what it would like if one day bitcoin usage does pick up. Time to use the higher fee to speed up the transaction.
if the usage picked up in the near future, i dont think it would have a giant affect on the fees maybe they'll go upto around ~0.0004 but thats not that bad either. unless you only use bitcoins for small transactions.
I guess as a user, we are left with little choice but to live with it. Can imagine what it would like if one day bitcoin usage does pick up. Time to use the higher fee to speed up the transaction.
I will reduce my Bitcoin transactions as much as possible during this "stress test". There was enough time to prepare myself and I did that.
Why would you do that? I have just sent 2 BTCs to Poloniex and it got confirmed right away. I have put a fee of 0.0002. Normally I send it with 0.0001. So that's a difference of about 2.5 cents, I am sure this won't kill you unless you are sending hundreds of transactions each day.
For users that are ready to keep attention and pay couple of cents more these stress tests are pointless.
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