What's wrong with Bitcoin? - page 2.

deadpoolx

hero member

Activity: 560

Merit: 500

Quote from: qiwoman2 on February 26, 2017, 02:58:45 AM

I think the congestion is just because more and more users are using the bitcoin network for transactions. I had one transaction stuck in the blockchain for over four days, which is the worst ever, even though I had paid an advance fee of 87 cents lol, but hey it's o.k now. Grin

Possibly, and it's good to know that the number of users is growing. But it is disappointing to realize that the network is not yet ready to deal with this number of users, which although it is growing, it is still a very small number compared to the amount of people who make transactions every day on the internet, through other payment systems, and possibly would have been interested in using Bitcoin. Many of them would not consider this possibility under current circumstances.

savioroshan

hero member

Activity: 770

Merit: 500

Quote from: Qartersa on February 25, 2017, 10:16:04 PM

I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.

Yeah , I also think the same. Since the bitcoin price is rising and the demonetisation in India ,it started to hit the headlines of many news site and this made many people started to involve in bitcoin business thinking its a good investment. I think because of this network transaction rate slowed and nothing to worry.

nyanhtet

sr. member

Activity: 476

Merit: 250

Bawga

high fee, delay network, no value. Soon!!!

calkob

hero member

Activity: 1106

Merit: 521

Quote from: isa154 on February 25, 2017, 09:40:08 PM

BITCOIN network is under heavy attack.
BITCOIN Payments may be delayd because of this.
We are aware of this and waiting for the attack to be over.
Check the following link as it shows number of unconfirmed transactions in real-time.
https://blockchain.info/unconfirmed-transactions
Again , We know this and waiting for BITCOIN attack to be over.

What's wrong with Bitcoin, Blockchain, ePay? is there who can explain ... thanks.

http://prntscr.com/edfr58
http://prntscr.com/edfr58

The current mempool is about 3000 transactions, thats the lowest i have seen it in ages, hardly an attack. even when bitcoin is attacked it only gets stronger because of it.

CryptoVzla

sr. member

Activity: 560

Merit: 290

www.thegeomadao.com

yep, there is an spam transactions attack right now. I don't want to sound crazy but i think that someone declared war on Bitcoin. I don't know who or why but we as a community have to do something. SegWit it's taking a while and lighting or BU seems to be a lost cause.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: Kabul on February 26, 2017, 04:14:00 AM

There is a guy who told me that Bitcoin is under attacked of spamming transactions. The blockchain system can not deal with this attack and the results are that all transactions have been delayed and unconfirmed for more than 24 hours. However, I have a solution for myself already so that it does not bother me

for now it is better not to use the ago transaction. we had to wait because we feared the funds late. This is currently being experienced by many people using bitcoin.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Quote from: BTCLovingDude on February 26, 2017, 09:04:42 AM

Quote from: googlebtc on February 26, 2017, 06:10:38 AM

I saw just getting under 1k new transactions today is not like yesterday, I think this problem will be solved soon bitcoin course for the future so it is better although there was an attack spammers transactions

it is a bit hard to understand what you mean but i think you are not checking the right thing for number of "new transactions" or better said unconfirmed transactions in the memory pool.
use this https://blockchain.info/unconfirmed-transactions and it says more than 9K right now. and it is way less than it was before but this number is still a huge one compared to normal days of 2K-3K transactions in mempool.

10k unconfirmed transactions is still super low, and I am flabbergasted how can anyone calls it a problem. 100k is a problem!
No matter how fast bitcoin confirmation will be, there will be always people for whom it won't be enough.
Their way of thinking: 'Look we have 10k unconfirmed tx! It is probably because bitcoin is dying, abandon ship, buy altcoins!'

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: googlebtc on February 26, 2017, 06:10:38 AM

I saw just getting under 1k new transactions today is not like yesterday, I think this problem will be solved soon bitcoin course for the future so it is better although there was an attack spammers transactions

it is a bit hard to understand what you mean but i think you are not checking the right thing for number of "new transactions" or better said unconfirmed transactions in the memory pool.
use this https://blockchain.info/unconfirmed-transactions and it says more than 9K right now. and it is way less than it was before but this number is still a huge one compared to normal days of 2K-3K transactions in mempool.

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: isa154 on February 25, 2017, 09:40:08 PM

BITCOIN network is under heavy attack.
BITCOIN Payments may be delayd because of this.
We are aware of this and waiting for the attack to be over.
Check the following link as it shows number of unconfirmed transactions in real-time.
https://blockchain.info/unconfirmed-transactions
Again , We know this and waiting for BITCOIN attack to be over.

What's wrong with Bitcoin, Blockchain, ePay? is there who can explain ... thanks.

http://prntscr.com/edfr58
http://prntscr.com/edfr58

This just only your thought that bitcoin was being under attack, but the truth is not, this is all because of the volatility happening now. Even there is a lots of delayed transactions unconfirmed its very understandable due to bitcoin users are getting higher the and there is a huge volume coming it everyday,.

Dudeperfect

hero member

Activity: 1190

Merit: 534

The current number of unconfirmed transactions is 9,600+. It seems that there is no alternate option than paying high fees for the transaction. I have literally postponed my unnecessary transactions to avoid the confirmation delay but we really need to find a concrete solution for such kind of issues because it is happening again and again during a short interval of time.

googlebtc

sr. member

Activity: 434

Merit: 250

I saw just getting under 1k new transactions today is not like yesterday, I think this problem will be solved soon bitcoin course for the future so it is better although there was an attack spammers transactions

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

i think this is because of many transaction in the same time and need to gets confirmed by the network and this could make the network is having heavy transaction and loads more times to make confirmed. but at least if we see that there is a transaction that is see in our wallet or our wallet address transaction then i am sure that the amount of bitcoin in the end will be arrive but we need to waiting.

chixka000

hero member

Activity: 910

Merit: 500

How could be a bitcoin being attack? Is it really possible? With regards to the delayed bitcoin process IMO this can be easily fixed if we only have more farmers or the farming hardware are more efficient than we are using right now.

sportis

sr. member

Activity: 406

Merit: 252

Veni, Vidi, Vici

Quote from: Wind_FURY on February 25, 2017, 11:56:07 PM

Quote from: Qartersa on February 25, 2017, 10:16:04 PM

I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.

You are wrong. It is being spammed until the mem pool is flooded. You also clearly do not know much of what is going on. Try to follow the Twitter accounts of known Bitcoiners like GMaxwell or Peter Todd. Peter Todd tweeted once that the network congestion is unnatural. That it clearly is being spammed by someone or some group. Old Bitcoiners here claim to know who is behind it.

I agree that the feeling in general was that there was a spam attack in progress and the unconfirmed transactions had reached in ath of about 100k. Somewhere, I read that a core developer found the network address of someone was trying to flood the network causing delays and high fees in all the transactions. But even though people are able to reveal the real identity behind him they could not accuse about it because anybody has the right to spend his bitcoins like as he wants.

ImHash

hero member

Activity: 924

Merit: 506

It has a limited block size capacity, miners can mine empty blocks and after reading more than 15 pages I haven't found a convincing answer.
You can literally spam with free transactions or very low fee ones, so now you know who is spamming and how.

Kabul

sr. member

Activity: 619

Merit: 250

There is a guy who told me that Bitcoin is under attacked of spamming transactions. The blockchain system can not deal with this attack and the results are that all transactions have been delayed and unconfirmed for more than 24 hours. However, I have a solution for myself already so that it does not bother me

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

I think the congestion is just because more and more users are using the bitcoin network for transactions. I had one transaction stuck in the blockchain for over four days, which is the worst ever, even though I had paid an advance fee of 87 cents lol, but hey it's o.k now. Grin

virusasog

sr. member

Activity: 462

Merit: 250

Quote from: staff_1307 on February 26, 2017, 01:56:46 AM

I think it is not through an attack, because I'm sure that Bitcoin strong defense, most likely this is a large stream of users and the burden on Bitcoin.

It is a long stream for the person who hold it is for a long term. No one can attack the bitcoin firewall. You can consider is defense until your private key is known to anyone. Keep that as safe and don't share it anyone.

Juggy777

hero member

Activity: 2646

Merit: 686

I don't know why the Op has called it a attack on the network there are already so many threads on this topic already and another one, have you even seen the price of Bitcoin lately it's touched the sky. Every one has began selling and this was bound to happen due to enormous sales happening. People want to cash out and that's what causing it. The network just fine, just people are getting worried that the transactions are getting stuck and they never will be confirmed, the truth is that they know it will be confirmed, but are worried 😓 that they may get a lower price, so I think people really need to relax and wait for things to cool down. And use. Only one thread for this don't make countless threads on the same topic.

WestWorld

newbie

Activity: 38

Merit: 0

It is a volatile and fragile infrastructure to say the least.
But it does work even if it is held together with bubble gum and tape at some places.
It does still manage to function. Wink

Topic: What's wrong with Bitcoin? - page 2. (Read 2989 times)