UPDATED: CoinWallet's September Stress Test Begins with $48,000 in Free Bitcoin
The bitcoin network has begun to show signs of stress as CoinWallet conducts its promised "major stress test" with a twist. Instead of generating all the transactions itself, the UK-based exchange released the private keys to hundreds of addresses containing small amounts of bitcoin. Thousands of transactions have flooded the network as users seek to....
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The Bitcoin network took a hit yesterday as CoinWallet ran its "stress pre-test" for about thirty minutes resulting in a "2-day delay and a 50 MB backlog" according to CoinWallet CCO James Wilson. Reports are still coming in but it seems like most bitcoin exchanges and wallet companies were able to take the test in its stride. Wilson also told Bitcoin Magazine today that the company will be running a major stress test on the Bitcoin network on Thursday, September 10 starting at 10 a.m. GMT. The purpose of these stress tests is to see if the Bitcoin network can handle a barrage of very....
Bitcoin company CoinWallet is set to conduct a stress test on the bitcoin network in September and warned that this could create a 30-day backlog. For now, the company hasn't set a specific date for the stress test but also noted that the results could support calls for a hard fork in the network. CoinWallet's previous stress test achieved only 15% of the output due to a crash in its servers. The company plans to flood the system with countless small transactions, enough to fill two blocks every minute then send out slightly larger transactions. Bitcoin Stress Test. "We feel that our tests....
CoinWallet, the UK based bitcoin buying and selling platform has planned to conduct another stress test on the bitcoin network. The company just cannot seem to have enough of these tests, disrupting the service each time. However, what CoinWallet is out to do maybe blatantly illegal and in such case, the implication of such a test need to be looked into and appropriate actions taken by both CoinWallet and law enforcement agencies to ensure that no laws are broken during the process. CoinWallet has already conducted a not so successful stress test earlier this year. Even though the previous....
Bitcoiners got to participate firsthand in the latest CoinWallet stress test on the Bitcoin network Thursday. In a collective exercise, Bitcoiners flooded the network with thousands of transactions as they tried to access 200 free bitcoin (worth about $48,000) from free keys and addresses being released into the system by CoinWallet. In what one commentator could describe only as "[expletive] crazy", Bitcoiners helped CoinWallet test the bitcoin network, and although there are still 84,000 transactions awaiting confirmation at the time of publishing, the network seems to be in good shape.....
CoinWallet, a London, U. K. -based bitcoin wallet, says it will conduct a stress test of the bitcoin network in early September that will render most bitcoin wallet software worthless and create a "nearly 30-day backlog," according to theInternational Business Times. They plan to accomplish this by flooding bitcoin wallets with small amounts of bitcoin. CoinWallet's purpose is to convince developers and miners to implement a hard fork. The upcoming stress test is not CoinWallet's first such attempt to make the case for increasing the block size. "As part of this test, I will be....