Bitcoin Cash Network Shrugs off Mempool Backlog With Relative Ease

Network congestion is a problem most users would associate with Bitcoin or Ethereum. Both of these networks have seen their fair share of issues in this regard. Bitcoin Cash saw its transaction backlog grow quite spectacularly this morning. For several hours, someone – or a group of people – were flooding the network with very low-fee transactions. As a result, there was a minor delay in transactions, although things were well within the acceptable limits.  Why any of this is happening right now, has yet to be determined.

Bitcoin Cash has not been subject to major spam attacks as of yet. Bitcoin, on the other hand, seems to get clogged up with transactions every other week. Keeping this in mind, it’s not surprising to see so many people flock to BCH in recent weeks. This has caught the attention of whoever is responsible for the current “spam” on the BCH blockchain. More specifically, there have been a ton of new transactions to fill up the blocks rather quickly. A rather worrisome development, although things were handled relatively well.

Bitcoin Cash Handles the Business

The big question is why anyone would flood the BCH network with low-fee transactions. At a price of 1 Satoshi per byte, inflating overall fees would be rather difficult. After all, users can easily pay double that and not have their transactions delayed. Even with the higher fee, Bitcoin Cash remains a lot cheaper than BTC right now. With this cost in mind, it would cost approximately $16,000 to flood the network for an entire day. That doesn’t seem like much money, thus it is possible this is a well-orchestrated attack. For now, there is no solid evidence to back up such claims.

Unlike what one would expect, this issue has not caused many problems. The Bitcoin Cash mempool has been cleared relatively quickly and things are returning to normal. If this was an attack, it was a very weak attempt at causing permanent damage. If such an issue were to affect Bitcoin, the fees would skyrocket and transactions backlogged for 24 hours or more. Having a larger block size can be rather beneficial in this regard. It also shows how BCH is better at scaling compared to Bitcoin, at least for now.

Whether or not this is a prelude to more attacks, remains to be seen. No one will be surprised to see issues like these arise again in the future. The “fight” between BTC and BCH supporters is far from over Although it’s not exactly a turf war, hostilities are not entirely uncommon either. Attacking a network with low-fee transactions is despicable We don’t know if that is what has happened to Bitcoin Cash, though. In the end, the issues seem largely resolved, which is a positive sign.

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Not everything is going smoothly in the world of Bitcoin right now. There have been issues with unconfirmed transactions for several days now. Whereas the mempool had 130,000 “stuck” transactions yesterday, things got a lot worse overnight. At the time of writing, over 220,000 transfers are waiting to be processed. All of this further confirms Bitcoin has deviated from being a currency quite some time ago. Something will need to change sooner rather than later.

Transaction woes in the Bitcoin world are nothing new under the sun. Despite the vast net worth of this network, its scaling problems become more problematic every month. The Bitcoin network cannot handle the massive amount of transactions people aim to submit. Issues like these are known for some time now, yet there is no quick and easy fix. Even the activation of SegWit hasn’t pushed back the mounting number of unconfirmed transactions.

Unconfirmed Transactions Keep Flooding the Network

Scaling Bitcoin will take a lot of time and effort. While the developers are working on solutions, companies are struggling to implement them. With the SegWit adoption rate still subpar, it is evident unconfirmed transactions will remain a big problem. It isn’t easy to solve this problem either, thanks to a rather fractured community. All of this further pushes Bitcoin toward becoming a store of value on the same level as gold. That would be a shame, given the fact this was originally designed to be an actual currency.

With over 220,000 unconfirmed transactions flooding the mempool, a troublesome situation is created. Until the network can process more transactions at once, these issues will remain in place. Right now, the Bitcoin network processes 3.9 transactions per second, which isn’t acceptable. Moreover, these backlogs force users to pay higher fees, although that isn’t a foolproof solution either. Higher fees won’t solve the congestion, but only make others wait even longer while miners fill their pockets.

For the time being, it’s still unclear where these unconfirmed transactions come from. With the Bitcoin price soaring, a lot of people attempt to cash out before the course reverses. Unfortunately, moving funds to and from exchanges is nigh impossible right now. This makes it very difficult for people to actively sell their BTC unless they had it in an exchange wallet already. A frustrating few days for all BTC enthusiasts, that much is rather evident.

Not a week goes by without some Bitcoin mempool drama these days. Every week or so, the number of unconfirmed transactions rises. In most cases, that is a big problem, yet the matter usually gets resolved pretty quickly. In this particular case, however, over 136,000 transactions are pending. This is an unusual development considering the network hashrate has increased instead of decreased.

Having a backlogged Bitcoin mempool is nothing new under the sun. Issues like these arise nearly every single week. The popularity growth of Bitcoin isn’t helping matters much in this regard. Nor is the availability of scaling solutions. SegWit is active, but adoption remains abysmally low. It will take some time to solve these matters, that much is certain. Until that happens, we will see a backlog of unconfirmed transactions form every so often.

More Bitcoin Mempool Problems

There are multiple reasons why events like these transpire. In most cases, it is the result of a spam attack. Somebody may be flooding the Bitcoin network with low-fee transfers once again. This has happened a few times throughout the year and will continue to happen throughout 2018 as well. Another possible reason is how Bitcoin miners are switching to other currencies. That doesn’t appear to be the case either right now.

In fact, the Bitcoin network hashrate has been rising steadily as of late. A few hours ago, the network had over 14 exahash per second of mining power. That is now slowly declining a bit again, but it is still between the 11 and 12 exahash we have seen for weeks now. There is a mining difficulty increase to take into account Such a steep increase should never be underestimated whatsoever. Especially if it’s combined with a possible spam attack, things can get ugly pretty fast. For now, we will have to wait and see how things go.

Rest assured there will be some debate over this backlog in the coming days. No one likes to wait around for Bitcoin transactions to be confirmed on the network. It is unclear how long it will take for this situation to be resolved, that much is evident. Until order is restored, we will see higher fees and even more delays. This is far from an ideal situation, but Bitcoin users are getting used to it these days. It will be interesting to see how long it takes to resolve this matter.

Bitcoin network issues have been apparent for quite some time now. Especially when it comes to the mempool, things get out of hand quite regularly. It seems the backlog is filling up once again. With over 70,000 unconfirmed transactions hitting the network, things aren’t looking all that great. This is mainly due to the number of transactions per second, surpassing the 34 mark. Whether or not this is part of another spam attack, remains to be seen, though.

It is always interesting to see how things play out on the Bitcoin network in real-time. More specifically, there are mempool issues on more than one occasion. Right now, it seems the backlog is filling up pretty quickly once again. Over the past 24 hours, around 30,000 unconfirmed transactions have been added and the queue isn’t getting cleared whatsoever. In fact, it seems things are getting gradually worse right now, which is pretty troublesome.

More Mempool Concerns for Bitcoin

With so many new transactions hitting the network per second, things won’t improve soon. While it is good to see so many transactions, the network can’t handle them all right now. We also see over 1,000 BTC in fees in the mempool right now, which is quite a high number. There is no real shift in hashpower to speak of either. In most cases, such a mempool issue is caused by BCH getting more hashpower. So far, that is not the case, as the hashpower hasn’t changed much over the past few days.

There is one slightly worrisome development, though. On the three-hour chart, it shows a Bitcoin mining hashrate drop by as much as 25%. This has not translated into any major trends just yet, though. It may just be a blip on the radar, but it might indicate something is going on we don’t know about just yet. It is expected this mempool issue will sort itself out pretty soon, though. For now, there is no indication of a spam attack or any nefarious activity.

This is not the first nor the last time we will see Bitcoin network congestion. These problems have been apparent for quite some time now, and it seems this is not the last time either. Until Bitcoin can properly scale, problems like these will continue to arise on a regular basis. This is far from an ideal situation, but it is to be expected, after all. It will be interesting to see how things will unfold in this regard. It will certainly spark a lot of new debates in the coming days, that much is certain.

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A lot of people are keeping a close eye on the Bitcoin price right now. Due to this upward momentum, a lot of coins are being spent on the network. That is a good sign in most cases, but it can be somewhat problematic for Bitcoin. The Mempool is filling up with unconfirmed transactions once again. Despite the SegWit scaling solution, this remains a big issue.

It is not entirely surprising to see the Bitcoin mempool clog up once again. Every time the price moves in either direction, there are a lot more transactions. Cryptocurrency networks need to grow and evolve over time, thus such growing pains are not unusual. However, issues like these should be far less common than they are right now. After all, one would expect Segregated Witness tackles this issue.Unfortunately, that is not entirely the case as of right now.

Bitcoin Mempool Remains an Issue

More specifically, the number of SegWit transactions is still pretty low right now. A lot of wallets and online services still have to implement this solution. Until that happens, however, not much will change anytime soon. More specifically, the number of network transaction waiting for confirmations is still rising as we speak. This has been a problem for quite some time now, to say the least.

Moreover, this problem forces users to pay higher fees once again. It does appear most transactions are still low fee right now, though. Things are not as horrible as they were just a few months ago. However, the people who support SegWit2x will see this as a validation of why we need SegWit and a block size increase at the same time. It will certainly cause a lot of debates moving forward.

In the end, there are still a lot of issues in Bitcoin which need to be addressed. Solving the mempool issues should be at the top of the list right now. SegWit is designed to do that, but unless everyone uses it, things will not change. There is still a very long way to go until we see big improvements in this regard, that much is certain. An interesting situation to keep an eye on moving forward.

It appears as if the Bitcoin mempool is virtually empty once again. This is a positive development for anyone looking to move BTC on the network. Up until this point, there have been several issues with transaction delays. However, it appears those problems are finally coming to an end as we speak. Users should adjust their transaction fees accordingly to avoid overpaying. There’s no reason to pay too much, after all.

It is good to see the Bitcoin mempool clear itself out. More specifically, now is the best time to move Bitcoin on the network. An empty mempool means fees can be kept to an absolute minimum. That is good news for the network as a whole. Bitcoin miners may not like this development too much, though. Their earnings will decrease slightly when network fees drop off. Then again, we have seen multiple incidents involving an overly full mempool these past few months.  

An Empty Mempool is a Glorious Sight

The positive side to all of this is how there’s no need for high transaction fees. Using the default setting in one’s wallet should be just fine. However, it appears some wallets are still charging too much as we speak. It is worth the effort to manually adjust fees whenever possible. Wallet estimation tools are still pretty awful to this very day. It is unclear if this situation will change anytime soon, though. Using the default Bitcoin Core client may be one’s best option in this regard for the time being.

This also shows how there is no spam attack against the Bitcoin network right now. Many people had feared that would happen eventually, but it turns out things are just fine for now. This situation may change at any given moment, though. Spam transactions can be launched in mere minutes and flood the network pretty quickly as a result.  For now, the mempool is still empty and continues to be for some time to come, hopefully. It has been around 30 days since we last had an empty Bitcoin transaction backlog.

With Bitcoin Cash effectively splitting off, it seems those high fees are a thing of the past now. Everyone who wants bigger block sizes can effectively switch over to BCH. Everyone else hopes for either SegWit or SegWit2x to make a big difference in the coming months. It will be interesting to see how this situation will play out in the long run. It is now up to wallet developers to successfully lower their network fees properly. Whether or not what will happen, remains a big mystery for the time being.

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Over the past few months, we have seen multiple issues affect the Bitcoin network. More specifically, network congestion has been a massive problem so far. Interestingly enough, it appears the Bitcoin transaction mempool is nearly empty right now. Not too long ago, we had around 200,00 unconfirmed transactions stuck in limbo for several days. With the end of the scaling debate nearing, it seems things are finally returning back to normal.

The Bitcoin mempool has always been an intriguing topic of discussion. On multiple occasions, we have seen the number of unconfirmed transactions spike by quite a margin Not too long ago, this number was hovering around the 200,000 mark. A lot of users had to wait several hours, if not days until their transfer was confirmed by the network. It is not an ideal situation by any means.

Bitcoin Mempool is Nearly Empty Right Now

Moreover, network congestion causes the transaction fees to rise. Paying several dollars to move Bitcoin on the network is not acceptable. The many potential scaling solutions should help in alleviating those concerns. However, it has taken the community a very long time to come to a decision regarding these scaling proposals. It is curious how the mempool is virtually empty around the time two different scaling solutions are set to activate on the network over the next few weeks.

No one will complain about the Bitcoin mempool being rather empty, though. Less unconfirmed transactions means users pay lower fees to move money around. Right now, these fees are slowly returning back to normal. Once the new scaling solutions activate on the network, these costs will be reduced even more. Seeing this happen prior to Bitcoin effectively scaling is still quite remarkable, to say the least.

Do keep in mind Bitcoin network congestion can occur at any given time. It is even the person or group responsible for spamming the network ceased activity for the time being. Then again, we have seen such “attacks” pop up out of nowhere at random intervals. It is evident some people want to hurt Bitcoin in every way possible.Creating a transaction backlog is one way of doing so. It is also worth noting the network is now processing 2.44 transactions per second. That is a very low number, although one that will undoubtedly increase over the next few years.

Bitcoin network congestion has almost become a weekly trend as of late. Not too long ago, around 160,000 transactions were awaiting confirmation. It appears that issue has not been entirely resolved since then. In fact, there are close to 200,000 transactions in the mempool right now. All of this goes to show something will need to change for Bitcoin. It is nowhere near mainstream-ready by now, that much is evident.

More Mempool Concerns For Bitcoin Users

A growing mempool is rather troublesome for the Bitcoin ecosystem. While it is good to see more transactions take place, it also causes problems. More transactions without space to cram them in results in unnecessary delays. Additionally, it increases the average transaction fee for all other users. One Reddit user mentioned how his Trezor transaction fee spiked to US$247.87 when sending 1 Bitcoin.

Although such high fees are rather uncommon, it highlights a bigger problem. Right now, there are over 196,000 unconfirmed transactions in the mempool. Without a scaling solution, this situation will only get worse. It is unclear if these issues affect the Bitcoin Dominance Index as well, although it is possible. More specifically, Bitcoin’s dominance has dipped below 50% for the first time in history.

Transacting in Bitcoin has become a very real problem as of late.With transaction fees mounting, things are not looking all that great for Bitcoin right now. This does not mean the popular cryptocurrency will drop in value anytime soon, though. However, it also proves this cryptocurrency ecosystem is not ready for mainstream adoption by any means. The average user can’t send Bitcoin in a proper manner right now.

It is still unclear what is causing this major transaction delay right now, though. This backlog has been present for quite some time now. There does not appear to be any transaction spam taking place right now either. If this problem remains present for a few more weeks, things could escalate quickly. This is not positive news for the Bitcoin ecosystem by any means. Solving the problem may prove to be more difficult than most people think, though.

The Bitcoin community is getting impatient of Bitcoin Core. Thanks to delayed transactions and increasing Bitcoin miner fees. The digital currency has been suffering from mempool backlogs for some time now. Bitcoin transactions in many cases are taking as long as 24 hours to receive confirmations in the current scenario. These unresolved issues, which has been around for years now has got Bitcoin miners thinking about moving from Core to Unlimited.

The Bitcoin community has been debating about the block size and scalability issues for a while now. Many proposals (BIPs) like Bitcoin XT, Bitcoin Unlimited (at one time) and others have been shot down due to lack of consensus among the community members. With no relief in sight, Bitcoin Unlimited has slowly emerged as miners’ favorite. Bitcoin Unlimited, proposed by the “Bitcoin Jesus” Roger Ver has gained support from some of the popular Bitcoin miners. Recently, the world’s largest mining pool — AntPool announced its decision to support Bitcoin Unlimited.

Wu Jihan, the co-founder of BitMain — the largest Bitcoin mining hardware manufacturer and AntPool — largest mining pool was quoted in leading news outlets saying,

“We will switch our entire pool to Bitcoin Unlimited. We can’t tell how the hard fork will play out. We will only know by the time we get there.”

The decision of AntPool to join Bitcoin Unlimited takes the Bitcoin network one step closer to a hard fork. AntPool currently commands over 15% of the total hashing power, and its move will significantly impact the Bitcoin Core. Seeing the leading miner move to Bitcoin Unlimited, other mining pools (smaller or bigger) may also decide to follow suit. If it does happen, then Bitcoin Unlimited will gain the required 60%-70% support, activating a hard fork.

While some believe that increasing the block size is an answer to scaling the Bitcoin blockchain, Core developers disagree. They have introduced SegWit, a scalability solution, which is yet to gain enough traction among the community.

However, going by what happened with Ethereum, when it was hard-forked, even the Bitcoin Unlimited fork could result in two different versions of Bitcoin. Among the two which one will gain more followers is something, only time will decide. Meanwhile, if the scalability solution is not implemented soon, it is only a matter of time before Bitcoin loses out to some other altcoin.

Ref: Bloomberg | Image: NewsBTC

The bitcoin mempool has suffered from several backlogs over the past year. In most cases, these issues were alleviated briefly afterward. Right now, over 90,000 bitcoin transactions are waiting for network confirmation. It has been a while since that number was so high, indicating scaling is an absolute must right now. More congestion looms on the horizon yet again.

There are only so many transactions to be included in every block on the network. Every block takes roughly ten minutes to generate. There will always be some small delays for transactions broadcasted with a much lower fee compared to others. Unfortunately, it seems this problem only grows worse as more time progresses. With over 90,000 transactions waiting to be included in network blocks, the situation is getting a bit out of hand.

Users who do not want to wait long can use the ViaBTC Transaction Accelerator. This tool can only handle a maximum of 100 transactions per hour, though. Relieving this congestion is an absolute must, yet there is no clear way to do so. Paying higher fees is not the solution to this problem by any means. In the end, users will one-up each other for fees, making the same problem only more expensive.

Another Day Of Heavy Network Congestion

It is unclear where this influx of new transactions comes from, though. According to, there are 1.67 bitcoin transactions every second right now. That number is not unusually large by any means, yet shows the bitcoin network is growing month over month. Finding a way to include more transactions in every block becomes even more pressing than it was before. For now, it remains unclear how this problem will be addressed in the future, though.

In the past, there have been similar “attacks” against the bitcoin network. Raising the block size is a political game right now. Some parties want to drive a point home by creating a list of small transactions flooding the network. That does not seem to be the case this time, albeit there is a lot of real-time information to sift through. All transfers coming by on the screen seem legitimate transfers and mining pool payouts.

As is always the case, network congestion calms down eventually. Getting rid of a 90k+ transaction backlog may take some time, though. In most cases, this issue is resolved within a few hours, but this may be one of those rare exceptions. It will be interesting to keep an eye on the mempool over the next few hours, that much is certain.

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