Banks are all closed during the weekend, but that does not drive all the people to 24/7 internet banks. They will patiently wait for the Monday to do business again. Even bible said that you should not work on Sunday
Topic: Ultimate Bitcoin Stress Test - Monday June 22nd - 13:00 GMT - page 9. (Read 21442 times)
I don't think that is a big deal. Except for some active traders, average people are actually very flexible when it comes to transaction confirmation time. Since 90% of the bitcoins are used as long term investment, it does not really matter you bought it one day earlier or you sell it one day later
Banks are all closed during the weekend, but that does not drive all the people to 24/7 internet banks. They will patiently wait for the Monday to do business again. Even bible said that you should not work on Sunday
Banks are all closed during the weekend, but that does not drive all the people to 24/7 internet banks. They will patiently wait for the Monday to do business again. Even bible said that you should not work on Sunday
I'm wondering why you are doing this. You say that you are a millionaire who's losing patience with Bitcoin, yet you do this stress test. So I wonder what the background really is.
Results will be very important.
This test only cost 20BTC which is about $5000 per day, not much money for USA or Russia or China government.
They could probably even afford much much stronger "stress test" lasting weeks or months.
I applaud your efforts. This test should give folks a very good idea about exactly what will happen on the Bitcoin network in the near future if the block size is not increased.
If the Bitcoin network is not resilient enough to withstand this test, then it is not designed very well.
Thank you and good job!
I'm wondering why you are doing this. You say that you are a millionaire who's losing patience with Bitcoin, yet you do this stress test. So I wonder what the background really is.
Results will be very important.
This test only cost 20BTC which is about $5000 per day, not much money for USA or Russia or China government.
They could probably even afford much much stronger "stress test" lasting weeks or months.
No it isnt ready.
Now you can end the test and save your money dude
According to this, and projecting to 24:00 GMT, that could be a fee of 0.0065 to get into the next block.
That is about $1.30 per transaction during a time of load like 130mb backlog.
....By 24:00 GMT Monday June 22nd, the mempool of standard fee transactions will be 130mb ....
I'm wondering why you are doing this. You say that you are a millionaire who's losing patience with Bitcoin, yet you do this stress test. So I wonder what the background really is.
Results will be very important.
This test only cost 20BTC which is about $5000 per day, not much money for USA or Russia or China government.
They could probably even afford much much stronger "stress test" lasting weeks or months.
I'm wondering why you are doing this. You say that you are a millionaire who's losing patience with Bitcoin, yet you do this stress test. So I wonder what the background really is.
Results will be very important.
This test only cost 20BTC which is about $5000 per day, not much money for USA or Russia or China government.
They could probably even afford much much stronger "stress test" lasting weeks or months.
I agree about the importance of such a stress test and the potential impact a really big stresstest could have on the network. So if you are speaking for the comany, I fully understand the (potential) motivation. But I'm more interested to know why you, as a person who lost patience in Bitcoin, are doing this.
Blockchain.info not refreshing anymore.
Other people with the same problem?
Other people with the same problem?
same thing, operations are much slower
Whoah, blockchain.info isn't refreshing for me either!
You can tell this stress test is going on. 
It needs to be figured out if Bitcoin is ready for mass adoptions.
Results will be very important.
This test only cost 20BTC which is about $5000 per day, not much money for USA or Russia or China government.
They could probably even afford much much stronger "stress test" lasting weeks or months.
Results will be very important.
This test only cost 20BTC which is about $5000 per day, not much money for USA or Russia or China government.
They could probably even afford much much stronger "stress test" lasting weeks or months.
agreed. even some users here are obviously not happy at all, I like this kinds of tests. Will you share also some output and results which may help with future development?
I'm wondering why you are doing this. You say that you are a millionaire who's losing patience with Bitcoin, yet you do this stress test. So I wonder what the background really is.
Results will be very important.
This test only cost 20BTC which is about $5000 per day, not much money for USA or Russia or China government.
They could probably even afford much much stronger "stress test" lasting weeks or months.
Is this something new or have tests like this been done before? Either way, looking forward to the final results.
Predictions is true:
I'm wondering why you are doing this. You say that you are a millionaire who's losing patience with Bitcoin, yet you do this stress test. So I wonder what the background really is.
Starting to go crazy.
wonder if more miners came online just for this test? Very fast block times right now.
I don't think this will have any significant increase in the profitability of miners. The OP has a budget of 20 BTC to spend in fees today verses 3,600 BTC in block subsidies per day. That works out to be a ~.55% increase in anticipated mining revenue, probably not enough to justify brining unprofitable miners back online. wonder if more miners came online just for this test? Very fast block times right now.
Blockchain.info not refreshing anymore.
Other people with the same problem?
Other people with the same problem?
same thing, operations are much slower
Predictions
- Our above estimates are based on 1 block being mined every 10 minutes. This is standard, however deviations are likely to create temporary blips in our testing, in particular when there is an hour gap between confirmations.
- The above calculations are based on each block being exactly 1mb and no other transactions appearing in the blocks. This is obviously unrealistic due to the fact that the average block size without our intervention is approximately 600kb. Furthermore, at least 30% of miners continue to cap blocks at 731kb. Others cap at 976kb.
http://www11.pic-upload.de/22.06.15/8awomk16our.png
Starting to go crazy.
wonder if more miners came online just for this test? Very fast block times right now.
wonder if more miners came online just for this test? Very fast block times right now.
This crazy huge fees will make price bitcoin moon
more minner and smooth transaction i like it
Naugh, seems to be a low flying moon...
full member
Activity: 164
Merit: 100
Im not 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Starting to go crazy.
wonder if more miners came online just for this test? Very fast block times right now.
wonder if more miners came online just for this test? Very fast block times right now.
This crazy huge fees will make price bitcoin moon
more minner and smooth transaction i like it
Blockchain.info not refreshing anymore.
Other people with the same problem?
Other people with the same problem?
Blocks filled to the max now, 731 or 976kb, depending on miners configuration.
http://www11.pic-upload.de/22.06.15/jj819st2rxbv.png
http://www11.pic-upload.de/22.06.15/jj819st2rxbv.png
Jump to: