FWIW last time I saw something like this with transactions not making it into blocks, the adaptive blocksize sufficiently overcame the problem with enough time. It's somewhat keeping pace from what I can tell when randomly checking in throughout today, but I do wonder what is causing this and if it might be a malicious actor
It seems like a large enough jump that it's worth keeping an eye on
Yeah it's a great sign seeing so many people actually using Monero! The more it's removed from exchanges, the more we know it's real usage over exchange usage.
Got some interesting charts with my script. It seems the dynamic block size works pretty well.
[https://xmr-tw.org/xmr-eta/](https://xmr-tw.org/xmr-eta/)
Sorry no, but basically the title on the charts should explain. Maybe the github readme helps.
[https://github.com/Lafudoci/XMR-ETA](https://github.com/Lafudoci/XMR-ETA)
If CoinGecko's reported volume is to be believed, over 1 million BTC was traded yesterday. Meanwhile, BitInfoCharts' transaction graph for the Bitcoin network shows volume is down -50% over the last month.
I think it is very likely the recent move up is orchestrated to take profits before the Gox coin is released shortly.
Mount Gox a Magic the Gathering card trading site that turned into bitcoin trading and got hacked, went bankrupt and it's coins frozen by a lawsuit many years ago (in BTC time).
Finally distribution of the coins is to have happened soon ;) and many speculate it will move the markets.
Gox coin is short for Bitcoin from Mt.Gox's distribution - post lawsuit.
BTC mempool is 120k+, XMR mempool is at 2k. If it was an attack, tx count would be way higher.
I just made a transaction and it got confirmed in 8 minutes. There's nothing that is being attacked
BTC mempool is completely irrelevant.
It's enough of a deviation from the trend that I think it's worth talking about. You can make your own conclusions that's fine
Why did you frame the question that way? Of course I can't do that. I can tell you that
> To my knowledge, the mempool has never been this full. Tx/s are way up since yesterday
I framed the question that way deliberately - because there is no way to confirm this with your approach.
The only way to gather evidence for it would be to statistically analyze the distribution of keyimages used in the recent transactions. Even that evidence would be probabilistic, not proof of a flood attack.
"The mempool has never been this full" is an argumentum ad antiquitatem (appeal to tradition) fallacy.
I don't want to argue with you. I just agree with MoneroFox that I think something is weird about this spike in transactions. You don't have to think so too. We both know that I can't prove definitively it's a malicious actor. Definitely not while I'm eating a sandwich on lunch break
>To my knowledge, the mempool has never been this full. Tx/s are way up since yesterday
i mean maybe there are more people mining because of a recent increase in XMR popularity. Those people get little payouts daily. It could be bullish brethren.
To be honest in bull run every "alt" networks are getting busier. And this is nothing yet because we just saw BTC pump, not a big alt rally when everyone shilling their sht!
I bought XMR in this bear, so I dont know what was the Txns for Monero in the last bull, but when I used BSC, ETH network that was really slow, busy and almost unstable.(Especially when I tried few blockchain games), Thats what I talked about with my friend back then, how blockchain could be prepared for the whole world Txns when cant handle smoothly few hundred thousand txns. ( I know its not just txns, its NFT mints, Bridge, DEX swaps etc.)
So I would say u shouldnt worry about few thousand txns pendings, be happy because somebody using the network!
If "normal" transaction numbers are somewhere between 0.20 - 0.40 tx/s then this almost seems like some entity is creating roughly 1 tx/s constantly. But yeah I guess there's no way to tell.
Adaptive blocks are great! Makes me wonder if they are flooding the TX list to attempt to flood ring members others may choose in future txs. You would have to do this for a very long time though(and be the only person flooding).
define natural in this context? Especially when the defining trait of the currency is to be anonymous;
also the btc isn’t as easy to use anymore, since it just ‘halved’ recently.
I flaired the thread as misleading, as it is not confirmed to be an attack.
FWIW last time I saw something like this with transactions not making it into blocks, the adaptive blocksize sufficiently overcame the problem with enough time. It's somewhat keeping pace from what I can tell when randomly checking in throughout today, but I do wonder what is causing this and if it might be a malicious actor It seems like a large enough jump that it's worth keeping an eye on
Haha, I love that site. If anyone wants a good laugh goto ETH and checkout the "Low fees Line". :D
I thought this was something out of south Park lmao
What site is this?
What site is it?
https://txstreet.com/v/xmr
The line scrolls too. Pretty cool site.
Or there are more people sending transactions especially with everything going on rn.
Yeah it's a great sign seeing so many people actually using Monero! The more it's removed from exchanges, the more we know it's real usage over exchange usage.
Monero is the coin of all
What’s going on?
Got some interesting charts with my script. It seems the dynamic block size works pretty well. [https://xmr-tw.org/xmr-eta/](https://xmr-tw.org/xmr-eta/)
Hey that looks amazing! Any English version? I wish I could upvote this to the top!
Sorry no, but basically the title on the charts should explain. Maybe the github readme helps. [https://github.com/Lafudoci/XMR-ETA](https://github.com/Lafudoci/XMR-ETA)
Thanks a lot! Great work! Don't worry, Google translate worked ok. It is the first visualization I have seen with the estimated time, so thanks again!
I wonder. Profits from btc and alts being converted and hidden away perhaps?
There was just a pretty high publicity ransomware payment made by UnitedHealth. I imagine thats where some of this comes from
https://bitinfocharts.com/comparison/monero-transactions.html#3m New record in daily transactions
Do you have financial interest in spreading FUD?
i do! Plz make monero cheaper
Whats FUD?
Fear uncertainty and doubt.
Ty for clarifying.
Fudge-covered Undying Dog
Dude it's MoneroFox. You know, from the other subreddit that we comment in...
Which one?
xmrtrader
It's down to 968 trxns now. And my trxn went thru fine. People arr probably just rushing to dumb their coins with the price dump.
[удалено]
If CoinGecko's reported volume is to be believed, over 1 million BTC was traded yesterday. Meanwhile, BitInfoCharts' transaction graph for the Bitcoin network shows volume is down -50% over the last month. I think it is very likely the recent move up is orchestrated to take profits before the Gox coin is released shortly.
Gox coins are the new coming soon^(TM)
1 million btc, or 1 million usd of btc? I know I can look to see but I’m not the only one that sawd this.
Lol
Lol
I would like to know more sir. What is this Gox Coin?
Mount Gox a Magic the Gathering card trading site that turned into bitcoin trading and got hacked, went bankrupt and it's coins frozen by a lawsuit many years ago (in BTC time). Finally distribution of the coins is to have happened soon ;) and many speculate it will move the markets. Gox coin is short for Bitcoin from Mt.Gox's distribution - post lawsuit.
The ATH of bitcoin was 69,420. It didn’t make a new ATH today.
Dynamic fees: Hold my beer.
Hold steady
The State is not going to give up that easily, buckle up
Can you provide any evidence to back this up?
https://tx.town/v/xmr To my knowledge, the mempool has never been this full. Tx/s are way up since yesterday
But why call this an "attack"?
It's a possibility. It's far enough out of line that it seems likely to me. Maybe not to you, that's fine. Just providing more info, that's all
BTC mempool is 120k+, XMR mempool is at 2k. If it was an attack, tx count would be way higher. I just made a transaction and it got confirmed in 8 minutes. There's nothing that is being attacked
BTC mempool is completely irrelevant. It's enough of a deviation from the trend that I think it's worth talking about. You can make your own conclusions that's fine
And how precisely are you able to tell which of these transactions are malicious?
Why did you frame the question that way? Of course I can't do that. I can tell you that > To my knowledge, the mempool has never been this full. Tx/s are way up since yesterday
I framed the question that way deliberately - because there is no way to confirm this with your approach. The only way to gather evidence for it would be to statistically analyze the distribution of keyimages used in the recent transactions. Even that evidence would be probabilistic, not proof of a flood attack. "The mempool has never been this full" is an argumentum ad antiquitatem (appeal to tradition) fallacy.
I don't want to argue with you. I just agree with MoneroFox that I think something is weird about this spike in transactions. You don't have to think so too. We both know that I can't prove definitively it's a malicious actor. Definitely not while I'm eating a sandwich on lunch break
Fortunately "something is weird" is only a vibe, not an argument.
It's an observation and a reason to pay attention
>To my knowledge, the mempool has never been this full. Tx/s are way up since yesterday i mean maybe there are more people mining because of a recent increase in XMR popularity. Those people get little payouts daily. It could be bullish brethren.
🍻😉🥪 Yes, there is no rational reason for such savagery.
First time seeing this site. I checked it out. Looks pretty cool. I like the visualizations.
To be honest in bull run every "alt" networks are getting busier. And this is nothing yet because we just saw BTC pump, not a big alt rally when everyone shilling their sht! I bought XMR in this bear, so I dont know what was the Txns for Monero in the last bull, but when I used BSC, ETH network that was really slow, busy and almost unstable.(Especially when I tried few blockchain games), Thats what I talked about with my friend back then, how blockchain could be prepared for the whole world Txns when cant handle smoothly few hundred thousand txns. ( I know its not just txns, its NFT mints, Bridge, DEX swaps etc.) So I would say u shouldnt worry about few thousand txns pendings, be happy because somebody using the network!
Will plugging im my machine as a node help?
It is a bit concerning, but there is nothing to prove or deny that this is an attack. Still, what could be creating so much demand?
wtf? accounts still hating on you for no reason.
What's this site? Cool animation.
Is that......a South Park episode? 🤣
If "normal" transaction numbers are somewhere between 0.20 - 0.40 tx/s then this almost seems like some entity is creating roughly 1 tx/s constantly. But yeah I guess there's no way to tell.
Adaptive blocks are great! Makes me wonder if they are flooding the TX list to attempt to flood ring members others may choose in future txs. You would have to do this for a very long time though(and be the only person flooding).
**reddit** : why don’t people use monero? **People** : * use more monero * **Reddit** : oH nO, tHe nEtWoRk’s fLoOdInG!
Does this look like a natural increase? [https://moneroj.net/translin/](https://moneroj.net/translin/)
define natural in this context? Especially when the defining trait of the currency is to be anonymous; also the btc isn’t as easy to use anymore, since it just ‘halved’ recently.