{"id":25925,"date":"2015-09-11T22:42:14","date_gmt":"2015-09-11T22:42:14","guid":{"rendered":"http:\/\/ci027cfe77d00126c3"},"modified":"2025-01-28T20:23:45","modified_gmt":"2025-01-28T20:23:45","slug":"coinwallet-crowdsources-transactions-major-stress-test-bitcoin-giveaway-1442011334","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/technical\/coinwallet-crowdsources-transactions-major-stress-test-bitcoin-giveaway-1442011334","title":{"rendered":"CoinWallet Crowdsources Transactions for its Major Stress Test with a Bitcoin Giveaway"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/coinwallet-crowdsources-transactions-for-its-major-stress-test-with-a-bitcoin-giveaway.jpg\" title=\"\"><\/figure>\n<p>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.<\/p>\n<p>In what one commentator could describe only as \u201c<a href=\"https:\/\/www.vice.com\/en_us\/article\/xywnkw\/great-job-everyone-bitcoiners-are-ddosing-bitcoin\" target=\"_blank\" rel=\"noopener\">[expletive] crazy<\/a>\u201d, Bitcoiners helped CoinWallet test the bitcoin network, and although there are still 84,000&nbsp;transactions awaiting confirmation at the&nbsp;time of publishing, the network seems to be in good shape.<\/p>\n<p>The U.K.-based exchange saved itself a lot of work by simply counting on human nature to respond in a predictable fashion and go after the free bitcoin.<\/p>\n<p>And in the end, forum comments show that the system was mostly unaffected and people were still able to trade bitcoin. As one commenter noted: \u201cEven though under DDoS attack, the Bitcoin network still worked better than the Commonwealth Bank today!\u201d<\/p>\n<p>This comes as the Bitcoin community is coming closer to some resolution after a vigorous and open discussion and will be meeting in Montreal this weekend in a<a href=\"https:\/\/bitcoinmagazine.com\/articles\/crucial-bitcoin-scalability-topics-be-discussed-new-scientific-academic-workshops\">Scalability Conference<\/a>&nbsp;to try and resolve the ongoing debate about Bitcoin\u2019s blocksize.<\/p>\n<p>Meanwhile, Bitcoin businesses seem to be adjusting fine, although some have had to increase their fees to get transactions processed.<\/p>\n<p><a href=\"https:\/\/mycelium.com\/\" target=\"_blank\" rel=\"noopener\">Mycelium\u2019s<\/a>&nbsp;Dmitry Murashchik told&nbsp;<em>Bitcoin Magazine<\/em>&nbsp;that he didn\u2019t see much of an effect on their systems.<\/p>\n<p>\u201cI think stress tests are fine. How else will you find problems?\u201d he said.<\/p>\n<p>Jack C. Liu from&nbsp;<a href=\"https:\/\/www.okcoin.com\/\" target=\"_blank\" rel=\"noopener\">OKCoin<\/a>&nbsp;told&nbsp;<em>Bitcoin Magazine&nbsp;<\/em>they didn\u2019t see much of an impact, and, in any case, they use a dynamic fee structure to handle any surges.<\/p>\n<p>CoinWallet has made its point, and the network has survived, and there can be no doubt about the enduring popularity and enthusiasm for owning bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":2916,"featured_media":25926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,163],"class_list":{"0":"post-25925","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technical","8":"tag-bitcoiners","9":"tag-wallets"},"author_data":{"id":2916,"name":"Jessie Willms","nicename":"jessie-willms","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/34e39b2d2b80d0f1b4eaf183ca23eff71d1e903536d749658f27936a80197dee?s=96&d=robohash&r=g"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/coinwallet-crowdsources-transactions-for-its-major-stress-test-with-a-bitcoin-giveaway.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/25925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2916"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=25925"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/25925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/25926"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=25925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=25925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=25925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}