Pages:
Author

Topic: Stress test is underway - Watch your fees. - page 5. (Read 5209 times)

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
September 10, 2015, 04:28:33 PM
#26
You guys are aware that Coinwallet isn't even spamming the network (well they are not spamming theoretically, but they still are spamming in the sense). They are just giving away free bitcoins located in many different addresses, they are providing private keys for these addresses. What's clogging up the network actually is human greed, many users are trying to claim these free coins. Essentially, Bitcoin users are destroying its own network at the moment.

Pretty clever, ha? If they were not ranting all over the place how they will spam and they just did this "giveaway" we wouldn't even blame them for nothing. But now we know that they are bunch of bastards which just found another way to spam anyways.

If you want your transaction to confirm, just send with bigger fee.

I actually didn't realized that.  I haven't looked into the details of the "stress tests".  But what do you mean when you say "giving away the private keys"?
look here: https://bitcointalksearch.org/topic/coinwalleteu-stress-test-cancelled-bitcoin-giveaway-1175321

they are given away free privatekeys for anyone to sweep...creating thousands of transactions and doublespent attempts

So how do the people trying to sweep this actually think they will be making any money at all? All this trouble for a couple of cents?

Some people will do anything for money and free stuff and what can be better than free money? even if it’s just a few cents
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
September 10, 2015, 04:26:30 PM
#25
You guys are aware that Coinwallet isn't even spamming the network (well they are not spamming theoretically, but they still are spamming in the sense). They are just giving away free bitcoins located in many different addresses, they are providing private keys for these addresses. What's clogging up the network actually is human greed, many users are trying to claim these free coins. Essentially, Bitcoin users are destroying its own network at the moment.

Pretty clever, ha? If they were not ranting all over the place how they will spam and they just did this "giveaway" we wouldn't even blame them for nothing. But now we know that they are bunch of bastards which just found another way to spam anyways.

If you want your transaction to confirm, just send with bigger fee.

I actually didn't realized that.  I haven't looked into the details of the "stress tests".  But what do you mean when you say "giving away the private keys"?
look here: https://bitcointalksearch.org/topic/coinwalleteu-stress-test-cancelled-bitcoin-giveaway-1175321

they are given away free privatekeys for anyone to sweep...creating thousands of transactions and doublespent attempts

So how do the people trying to sweep this actually think they will be making any money at all? All this trouble for a couple of cents?

They are including private keys with different amounts on them. Apparently they will post thousands of these addresses, at least that's what they said. For example, yesterday night they have posted 5 addresses with 0.53 BTC in each of the five. So yes, some are containing cents while some are containing more serious amounts.

Over 200 BTCs will be "given away" to the community.
legendary
Activity: 1946
Merit: 1007
September 10, 2015, 04:17:00 PM
#24
You guys are aware that Coinwallet isn't even spamming the network (well they are not spamming theoretically, but they still are spamming in the sense). They are just giving away free bitcoins located in many different addresses, they are providing private keys for these addresses. What's clogging up the network actually is human greed, many users are trying to claim these free coins. Essentially, Bitcoin users are destroying its own network at the moment.

Pretty clever, ha? If they were not ranting all over the place how they will spam and they just did this "giveaway" we wouldn't even blame them for nothing. But now we know that they are bunch of bastards which just found another way to spam anyways.

If you want your transaction to confirm, just send with bigger fee.

I actually didn't realized that.  I haven't looked into the details of the "stress tests".  But what do you mean when you say "giving away the private keys"?
look here: https://bitcointalksearch.org/topic/coinwalleteu-stress-test-cancelled-bitcoin-giveaway-1175321

they are given away free privatekeys for anyone to sweep...creating thousands of transactions and doublespent attempts

So how do the people trying to sweep this actually think they will be making any money at all? All this trouble for a couple of cents?
full member
Activity: 196
Merit: 100
September 10, 2015, 04:00:42 PM
#23
They aren't using very high transaction fees. Only around $0.02
copper member
Activity: 924
Merit: 1007
hee-ho.
September 10, 2015, 03:56:39 PM
#22
There's only one way to deal with spam.  Ignore it.
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.
legendary
Activity: 1456
Merit: 1081
I may write code in exchange for bitcoins.
September 10, 2015, 03:44:47 PM
#21
look here: https://bitcointalksearch.org/topic/coinwalleteu-stress-test-cancelled-bitcoin-giveaway-1175321

they are given away free privatekeys for anyone to sweep...creating thousands of transactions and doublespent attempts

Wow, clever.
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!
September 10, 2015, 03:44:38 PM
#20
There's only one way to deal with spam.  Ignore it.
Perhaps you have something more interesting to do with your time. 
sr. member
Activity: 252
Merit: 251
September 10, 2015, 03:40:00 PM
#19
You guys are aware that Coinwallet isn't even spamming the network (well they are not spamming theoretically, but they still are spamming in the sense). They are just giving away free bitcoins located in many different addresses, they are providing private keys for these addresses. What's clogging up the network actually is human greed, many users are trying to claim these free coins. Essentially, Bitcoin users are destroying its own network at the moment.

Pretty clever, ha? If they were not ranting all over the place how they will spam and they just did this "giveaway" we wouldn't even blame them for nothing. But now we know that they are bunch of bastards which just found another way to spam anyways.

If you want your transaction to confirm, just send with bigger fee.

I actually didn't realized that.  I haven't looked into the details of the "stress tests".  But what do you mean when you say "giving away the private keys"?
look here: https://bitcointalksearch.org/topic/coinwalleteu-stress-test-cancelled-bitcoin-giveaway-1175321

they are given away free privatekeys for anyone to sweep...creating thousands of transactions and doublespent attempts
legendary
Activity: 1456
Merit: 1081
I may write code in exchange for bitcoins.
September 10, 2015, 03:37:55 PM
#18
You guys are aware that Coinwallet isn't even spamming the network (well they are not spamming theoretically, but they still are spamming in the sense). They are just giving away free bitcoins located in many different addresses, they are providing private keys for these addresses. What's clogging up the network actually is human greed, many users are trying to claim these free coins. Essentially, Bitcoin users are destroying its own network at the moment.

Pretty clever, ha? If they were not ranting all over the place how they will spam and they just did this "giveaway" we wouldn't even blame them for nothing. But now we know that they are bunch of bastards which just found another way to spam anyways.

If you want your transaction to confirm, just send with bigger fee.

I actually didn't realized that.  I haven't looked into the details of the "stress tests".  But what do you mean when you say "giving away the private keys"?
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
September 10, 2015, 03:27:00 PM
#17
You guys are aware that Coinwallet isn't even spamming the network (well they are not spamming theoretically, but they still are spamming in the sense). They are just giving away free bitcoins located in many different addresses, they are providing private keys for these addresses. What's clogging up the network actually is human greed, many users are trying to claim these free coins. Essentially, Bitcoin users are destroying its own network at the moment.

Pretty clever, ha? If they were not ranting all over the place how they will spam and they just did this "giveaway" we wouldn't even blame them for nothing. But now we know that they are bunch of bastards which just found another way to spam anyways.

If you want your transaction to confirm, just send with bigger fee.
legendary
Activity: 1722
Merit: 1000
September 10, 2015, 03:19:52 PM
#16
They threatened it for early september.  I appreciate the warning.  I got caught with my pants down during a few of their "stress tests" this summer when I wasn't paying attention to fees.  One time a transaction took almost 3 days.  Sad

you are aware of that you can resend the same transaction with fees again immediately?

Can you elaborate on this? How can you do that via Bitcoin Core 0.11? I've checked the GUI and cannot find that possibility.

So nice of them to experiment slowing all other people transactions down  Roll Eyes
I'll never understand things like this. They convince themselves that they are doing this for the public good or something?

They are making their point in support for bigger blocks.

Indeed, I'd like to know how to do this.. I have one method but it's not as fast LOL.

What I do is delete the wallet on the core and load up a back up and resend.
legendary
Activity: 1456
Merit: 1081
I may write code in exchange for bitcoins.
September 10, 2015, 03:10:28 PM
#15
They threatened it for early september.  I appreciate the warning.  I got caught with my pants down during a few of their "stress tests" this summer when I wasn't paying attention to fees.  One time a transaction took almost 3 days.  Sad

you are aware of that you can resend the same transaction with fees again immediately?

Yes, I am aware of it in principle, of course in practices it depends on how important it is to get a quick confirmation balanced against the trouble of resetting your wallet.  In my case, it was sent from a mobile phone wallet so I would have probably had to export the private keys and manually made the transaction and sign it and push it and it turned out I was okay just to wait as the other party could see the transaction and that it would be confirmed eventually.
legendary
Activity: 3472
Merit: 4801
September 10, 2015, 03:06:52 PM
#14
The network will go back to normal eventually...but could take days or weeks with lag in the system.  It is pretty serious situation. I am going to sell some of my BTC.

I read somewhere that they were planning on continuing this for an entire month.  Again, I don't know if we can believe that or not.

and buy back
- snip -

Please take your predictions about future value of bitcoin to the proper sub-forum:
https://bitcointalk.org/index.php?board=57.0

legendary
Activity: 3472
Merit: 4801
September 10, 2015, 03:04:06 PM
#13
So what would be the best strategy to get btc out of the exchanges like Bitstamp or btc-e, since i can not control how much they pay on transaction. A thing that is starting to worry me. Otherwise your money is just locked down in the exchanges.

Yes, it is always risky to turn complete control of your money over to someone else.  Especially if that person or organization isn't well regulated, isn't insured, and isn't audited.  Even riskier if you have no idea how to reliably contact anyone from that organization.

Essentially, you donate your money to them (and it for all intents and purposes becomes the exchange's money, not yours), and in exchange they give you a promise that they will give an equivalent amount of money back to you if you ask for it, or will send it elsewhere on your request.

How reliable is that promise?  I prefer not to find out, so I tend not to leave bitcoins (or any other money) with a bitcoin exchange for any more time than it takes to accomplish the exchange transaction.
full member
Activity: 130
Merit: 100
September 10, 2015, 03:02:06 PM
#12
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...

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.

The network will go back to normal eventually...but could take days or weeks with lag in the system.  It is pretty serious situation.  I am going to sell some of my BTC and buy back lower as this is certainly going to hurt the price in the next few days/weeks.  We just had a big rebound and due for a pullback and this will push it off the cliff.
legendary
Activity: 3472
Merit: 4801
September 10, 2015, 02:59:25 PM
#11
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...

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.
legendary
Activity: 1008
Merit: 1001
In Cryptography We Trust
September 10, 2015, 02:40:14 PM
#10
They threatened it for early september.  I appreciate the warning.  I got caught with my pants down during a few of their "stress tests" this summer when I wasn't paying attention to fees.  One time a transaction took almost 3 days.  Sad

you are aware of that you can resend the same transaction with fees again immediately?

Can you elaborate on this? How can you do that via Bitcoin Core 0.11? I've checked the GUI and cannot find that possibility.

So nice of them to experiment slowing all other people transactions down  Roll Eyes
I'll never understand things like this. They convince themselves that they are doing this for the public good or something?

They are making their point in support for bigger blocks.
copper member
Activity: 924
Merit: 1007
hee-ho.
September 10, 2015, 02:38:32 PM
#9
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...
BNO
full member
Activity: 157
Merit: 100
September 10, 2015, 02:36:49 PM
#8
So what would be the best strategy to get btc out of the exchanges like Bitstamp or btc-e, since i can not control how much they pay on transaction. A thing that is starting to worry me. Otherwise your money is just locked down in the exchanges.
Pages:
Jump to: