Bitcoin Network Stress Test Could Occur Next Week

The controversial group behind several bitcoin 'stress tests' has confirmed next week it will push ahead with its biggest so far.

AccessTimeIconSep 3, 2015 at 6:35 p.m. UTC
Updated Sep 11, 2021 at 11:51 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The controversial group behind several bitcoin 'stress tests' has confirmed it will push ahead with its biggest experiment to date.

Speaking to CoinDesk, CoinWallet COO James Wilson said the test – which could reportedly cause a 30-day backlog of transactions – would be executed at 10am Thursday (GMT) next week.

The mysterious group, which sees its work as a drastic but necessary demonstration of Bitcoin XT's need, has been criticised by some users for "bullying" a live network worth several billion dollars.

Its first test in June, which aimed to fill blocks with 105 BTC broken into thousands of small transactions, reached just 15% of its 200MB goal before its servers crashed.

Left waiting

Although Wilson did not provide any specifics on next week's test, he did take credit for yesterday's network disruption – an apparent trial run which saw unconfirmed transactions on the network pile up to 50MB.

He said the group paid five times the standard fee – 0.0005 BTC per KB – to give its transactions priority on the network and "leave others waiting". Not all miners took the bait however, with some disregarding CoinWallet's transactions despite their higher fees. Wilson, who framed these actions as a form of censorship, said:

"Today miners may avoid high paying 'spam' transactions (although such a classification is ridiculous, a transaction is a transaction) but tomorrow they may start throttling gambling transactions or use similar filtering to attack competitors."

The tests come at a highly-charged time in bitcoin's development. Following the release of Bitcoin XT, the currency's major developers and contributors have been unable to reach a consensus on how bitcoin should be scaled – and what it should sacrifice in the process – as it approaches its so-called 'capacity cliff'.

While Jeff Garzik's BIP 100 proposal has seen increased support from bitcoin's biggest miners, wallets and other consumer services are still behind BIP 101, which grants miners less decision-making power. A workshop on the issue is scheduled in Montreal next week, two days after CoinWallet's test.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about