www.BURSTNation.com Making it Rain

daWallet

@haitch "Hard time" means double the fees from 1 Burst to 2 Burst to get your transaction confirmed within one block / 4 minutes.

Without campains the transactions per block were below 20. The little two peaks were the Qora Asset and Tektonike and the big one is Adam.

http://burstcoin.biz/charts/average-number-of-transactions-per-block

So there is no "vulnerability" or problem at horizon. Burst network is still way below 10% of capacity. I'm sure the majority of transactions are made by automatic payments from pools to their users. These do decrease over time.

RichBC

@daWallet And I am afraid there is more to come.....

Now each rain sent will pay THREE (3) BURST COINS per transaction, yes that means tens of thousands of BURST in Transaction fees every few hours of each day in many cases. These fees ALL go to the miners who are activly mining! IT does not matter what pool or if solo mining, all these STACKS of extra FREE BURST coins will rain upon all of you finding blocks!

Rich

jj1k

@RichBC said in www.BURSTNation.com Making it Rain:

@daWallet And I am afraid there is more to come.....

Now each rain sent will pay THREE (3) BURST COINS per transaction, yes that means tens of thousands of BURST in Transaction fees every few hours of each day in many cases. These fees ALL go to the miners who are activly mining! IT does not matter what pool or if solo mining, all these STACKS of extra FREE BURST coins will rain upon all of you finding blocks!

Rich

surely that can only be a good thing for those mining burst?

daWallet

@RichBC I'm not afraid. One can see this also from the other side. Maybe one Burstcoin is severely undervalued at the moment. I see that the blocks are not filled completely this round, which is smart. Adam knows his business. The network is there to be used. I'm happy for the miners, for the users and for the marketing approach.

What Burst needs before we make blocksize size smart or flexible (and therefore the blockchain size larger) is a thin client. One that downloads only the last percent of the chain and is as secure as a full node.

RichBC

@jj1k So is this the reason that I am seeing ridiculous delays in getting Asset order placements and cancellations to be recognised at the moment or is that something else?

When sending Burst you can choose to up the fee if you want, but there seems to be no provision to do this with an Asset Transaction. Is this correct or am I misunderstanding how things work?

Rich

Lexicon

@jj1k i for one am looking forward to hitting a block right now lol.

jj1k

@RichBC said in www.BURSTNation.com Making it Rain:

@jj1k So is this the reason that I am seeing ridiculous delays in getting Asset order placements and cancellations to be recognised at the moment or is that something else?

When sending Burst you can choose to up the fee if you want, but there seems to be no provision to do this with an Asset Transaction. Is this correct or am I misunderstanding how things work?

Rich

No idea on that one. i was just asking a question. if mining is awarded on fees same as other cryptocoins i can only assume it is good for the miners especially if they are winning the blocks?

RichBC

@Lexicon Wow just seen all the 1690 + 507 going through :-)

So serious follow up question. Does this delay Asset transactions going through or do they ride in the Blocks in a different way? If it does hold them up, as it seems to me, then we need a solution to this as speed can be of the essence? An option to up the fee would be Ok, but there does not seem to be a way of doing this?

Rich

sevencardz

@Lexicon - I can get around a rate-limit on transactions per account simply by having more accounts.

@daWallet - Based on what you've said, that means transactions that need to be confirmed sooner will have a higher fee, which doesn't seem like a problem really. I'll wait a few hours for a trivial transaction on the cheap or I'll pay more to have it confirmed sooner, yeah? You also hit on another question I had, which was about changing the size of blocks on the chain. If that's possible, then it seems like these are healthy growing pains.

So rather than a huge fatal flaw in the entire system, this seems more like a way to artificially inflate the value of Burst, which the network will then adjust for. The question that interests me now is... once it inflates... will it stay there or crash back down again? :)

Lexicon

@sevencardz smart guy

daWallet

@sevencardz That's exactly how it is designed. When you have a time-critical transaction to go through, change the fee to 2 or more Burst.

Hopefully at some point in the future the max transactions per block are really too low and we need to have a solution ready that is smart enough to grow with the network, so we don't have to increase it manually with each new version.

(Increasing the maximum transactions is a hard fork. So we better do this only once with a solution that can adjust itself)

@RichBC That Asset transactions only use 1 Burst for fee is actually a GUI problem. This can be taken care of very easily.
Edit: Ops, I'm blind. There is the option to change the fee in the Asset Exchange.

RichBC

@daWallet said in www.BURSTNation.com Making it Rain:

@RichBC That Asset transactions only use 1 Burst for fee is actually a GUI problem. This can be taken care of very easily.

I see it now, don't know how I missed it....

So presumably if two transactions have the same fee then when they were submitted determines which one is carried in a Block, but if one is higher than the other the larger fee takes precedence? Can you use decimals on fees? :-)

Rich

vlad

Well,
Is this the reason that I haven't been able to find a block since these transactions started.
Cause seriously the day that I received the first of these small amounts of bursts i stopped mining and receiving the usual pool rewards?

ZapbuzZ

blocks are random. Some people get a bunch at once whilst others don't get any for ages. Blocks aaren't to live on but they give a rush when won.

socalguy

I don't have a problem with a small chunk of Bursts randomly going into my wallet from someone who is spamming me with ads.

Heck, I'll treat it just like a Youtube Ad. It's there, I can see it, I can read it, and I understand what they are trying to do. But I'm still not going to click on it or visit the site that has more information regarding it. Thank you though. :)

Oh, and please don't stop sending me Bursts, I like it. :)

nixxda

thanks everybody for making an interesting and productive discussion out of this! (silly me!)

So now I understand why I was not able to payout dividends last night! I tried twice and they always got suck and than vanished!

@daWallet there's a field in "Dividends+" which shows the fees but you cant change it! Feature-request!-)

maybe @LithStud will also add it to his lovely and very fast "Dividends system (BETA)" which I've been trying out!-)

LithStud

@nixxda oh someone uses it :D be carefull as its intended for assets with no decimal points ;) and if you need the fee setting i can add it no problem :)

nixxda

@LithStud yes I'm occasionally checking what nice thing you came up with while nobody was looking!-)
and I'm aware of the lack of decimals. But thanks for mentioning! I'm only using it for my private little distribution asset (and I hate decimals anyway!-)

PS. even my Polo account holds some of this asset!-) yes you can do that! But you'll be never able to transfer them out of there again!

iKnow0

@daWallet maybe a hash of all previous blocks would allow for a thin client, so after each block is created a hash of all previous is also stored. It would also allow for reverse build of the db. Just a thought...

k.coins

Does anyone know anything about Pascal's deletable blockchain?