Author

Topic: Understanding by wallets are sending micro transactions, with optimal rate fee (Read 128 times)

hero member
Activity: 826
Merit: 1010
Only BTC
That means the spammers are definitely paying high fee to get a task done so as to receive greater  reward in BTC or a particular token, they don't  really care the amount they are paying as fee so far they will have a reward which more than their  output +fee  in total
Look, there is no 'greater reward' in this situation, ordinals spammers are simply selling crap at all cost to stupid people who care to buy. The problem now is that by doing so, they are causing congestion in the BTC network and that's why tx fees have been very high for sometime now, making BTC unusable for payments.
full member
Activity: 266
Merit: 119
Keep Promises !
Dust attacks don't pay high transaction fees for one output.
These aren't "tokens", we're talking about Bitcoin here.
Ohh! Thanks for the correction and the headsup,  I didn't even check the transactions I only looked for the post made by fillippone after seeing a dust like comment  Roll Eyes.

That means the spammers are definitely paying high fee to get a task done so as to receive greater  reward in BTC or a particular token, they don't  really care the amount they are paying as fee so far they will have a reward which more than their  output +fee  in total
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
dust attack when you eventually spend those tokens along with your real tokens
Dust attacks don't pay high transaction fees for one output.
These aren't "tokens", we're talking about Bitcoin here.
full member
Activity: 266
Merit: 119
Keep Promises !
~~~
Yes! they are just bunch of spammers trying to get info about your wallet  through dust attack when you eventually spend those tokens along with your real tokens
You can go through  post below it contains almost all you need to know

https://bitcointalksearch.org/topic/dust-attack-what-it-is-why-it-is-dangerous-and-how-to-prevent-falling-to-it-5175238
jr. member
Activity: 76
Merit: 3

This is some other way scammers do fooled some people, whereby same transaction wallet address will be always on the run, and can't make a full transaction at a time which is absolutely useless.

To show you they are willing to earn from you in a way most people don't even know like your data running in the platform, it also a way of eating you up.
newbie
Activity: 21
Merit: 6
Thanks for confirming for me! That makes total sense now.
hero member
Activity: 1643
Merit: 683
LoyceV on the road. Or couch.
They're Ordinal spammers. It's a scam selling useless dust to gullible greedy people. It follows the line of ICOs and NFTs.
newbie
Activity: 21
Merit: 6
Example #1
https://mempool.space/address/bc1qw2acyf9x2gtnxlydwf3e4rgw9fxgaxnm2jr4mu
1110 transactions for 13 cents each to the same wallet, why wouldn't you just sent the total amount once to the wallet to save on transaction fee?

Example #2
https://mempool.space/address/bc1plh4au35n0t4c7fdjnyr8s6m7krr2ddp5cxg747s5lmpnjrsrks9smu7ucz
Sending 23 cents transaction over and over again to the same wallet with the rate fee of $7.45USD for each one...

Example #3
https://mempool.space/address/bc1qy5g5tdx2evg3v5f4rj90f6amhy92gtam39n0hc
over 50,000 transactions sent, but the total amount is 20x less than is rate fee? So they are basically losing input, while sending all the micro outputs to the same wallet address. Just sent 1 total amount to the wallet, instead of 20,000?? no?

These type wallets are contributing to the network congestion on the bitcoin network and was hoping someone can give me more insight about them or why they are creating all of these micro transactions to the same wallet constantly.

Thanks

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