todu

What's going on?

Two days ago "CoinWallet.eu" announced that they were going to do an "Ultimate" Bitcoin stress test, flooding the network with transactions. It looks like they are in fact going ahead with that.

Specifically they claimed they would spend 20BTC - about $5kUSD - to create transactions with a fee of 0.1mBTC/KB. That works out to 200MB worth of transactions, which will take some time to be mined.

What does that mean for me?

Transaction fees are a supply and demand marketplace. On one side you have the supply - up to 1MB worth of transactions approximately every 10 minutes - and on the other side you have demand - what fee/KB people are willing to bid to get their transactions mined. With few exceptions essentially all miners use the profit-maximizing algorithm in Bitcoin Core to choose transactions: start with the highest fee/KB transactions, working down to the lowest, stopping when you're

todu

Förslag till förändringar 2015-04-29.
http://xbtprovider.com/lang_sv/faq

---Vad är bitcoin?
"Eftersom Bitcointransaktioner verifieras i ett globalt"
->
"Eftersom bitcointransaktioner verifieras i ett globalt"
"Bitcoins blockchain finns öppet åtkommlig på internet och en fullständig kopia upprätthålls av all 1000-tals noder i nätverket som deltar frivilligt"
->
"Bitcoins blockchain finns öppet åtkomlig på internet och en fullständig kopia upprätthålls av 1000-tals noder i nätverket som deltar frivilligt"

todu

#!/usr/bin/perl

## Program name: make_sound_on_new_block.pl v1.0 (for GNU/Linux).
## (c) 2011, Tomislav Dugandzic (neo101.org).
## License: GPLv2 (http://www.gnu.org/licenses/old-licenses/gpl-2.0.html).

## Description:
## This Perl script plays a sound each time anyone has found a new Bitcoin block. Run it in a terminal and leave it running.
## It does these checks once a second.
## The purpose for this program to exist is so that Bitcoin users can do others things while waiting for transaction verifications to complete. A sound will be played when done.

todu

Bitcoin version 0.3.24-beta
OS version Linux 2.6.38-10-generic x86_64
System default language is 60 en_US.UTF-8
Language file locale/en_US/LC_MESSAGES/bitcoin.mo (English (U.S.))
Default data directory /home/tommy/.bitcoin
Bound to port 18333
Loading addresses...
dbenv.open strLogDir=/home/tommy/.bitcoin/testnet/database strErrorFile=/home/tommy/.bitcoin/testnet/db.log
Loaded 0 addresses
 addresses               283ms

todu

Bitcoin version 0.3.24-beta
OS version Linux 2.6.38-10-generic x86_64
System default language is 60 en_US.UTF-8
Language file locale/en_US/LC_MESSAGES/bitcoin.mo (English (U.S.))
Default data directory /home/tommy/.bitcoin
Bound to port 18333
Loading addresses...
dbenv.open strLogDir=/home/tommy/.bitcoin/testnet/database strErrorFile=/home/tommy/.bitcoin/testnet/db.log
Loaded 0 addresses
 addresses 283ms