About 80% of blocks contain only 1 tx

[bytemaster]

Do pts transactions has fees? fee is important.

I just did some research... and it is clear y pool is including transactions in many of its blocks, and it also appears that many transactions are being included in the network.

I believe that there is enough competition in the market to have these transaction problems correct themselves.

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Fees are set at bitcoin levels which may be too low at today's prices.  I suspect that once PTS gets to $100 the fees will be about right.  If this continues to be a problem, then the next release of our client will increase the fees as a means to provide a carrot to miners.

[HackFisher]

Do pts transactions has fees? fee is important.

I just did some research... and it is clear y pool is including transactions in many of its blocks, and it also appears that many transactions are being included in the network.

I believe that there is enough competition in the market to have these transaction problems correct themselves.

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[dannotestein]

so imma guess that ws bytemaster with the new gpu miner!!! proving the network can still be overpowered with a gpu? single transaction? hmmmmm?

Perhaps I'm getting jaded, but doesntmatter's posts are so off-base from the reality, I'm actually starting to find them amusing :-) All hail Bytemaster, the new Illuminati master!

[doesntmatter]

so imma guess that ws bytemaster with the new gpu miner!!! proving the network can still be overpowered with a gpu? single transaction? hmmmmm?

[bytemaster]

I just did some research... and it is clear y pool is including transactions in many of its blocks, and it also appears that many transactions are being included in the network.

I believe that there is enough competition in the market to have these transaction problems correct themselves.

[victor]

No transactions for 1.5 hours... This coin is going to die if we don't fix this issue ASAP.

Code: [Select]

24588 2013-11-24 08:48:29 1 27.01800436 0.00562687 937345.09549985 9.5958 18.6947 23.2327%
24587 2013-11-24 08:46:23 1 27.01800436 0.00562687 937318.07749549 9.59462 18.6932 23.2354%
24586 2013-11-24 08:39:06 1 27.01800436 0.00562687 937291.05949113 9.58984 18.6882 23.2448%
24585 2013-11-24 08:35:24 1 27.01800436 0.00562687 937264.04148677 9.58755 18.6856 23.2496%
24584 2013-11-24 08:29:06 1 27.01800436 0.00562687 937237.02348241 9.58344 18.6812 23.2577%
24583 2013-11-24 08:15:15 1 27.01800436 0.00562687 937210.00547805 9.5741 18.6716 23.2756%
24582 2013-11-24 08:25:28 1 27.01800436 0.00562687 937182.98747369 9.58147 18.6787 23.2624%
24581 2013-11-24 08:11:14 1 27.01800436 0.00562687 937155.96946933 9.57186 18.6688 23.2808%
24580 2013-11-24 08:06:43 1 27.01800436 0.00562687 937128.95146497 9.569 18.6657 23.2867%
24579 2013-11-24 08:04:53 1 27.01800436 0.00562687 937101.93346061 9.56801 18.6644 23.2891%
24578 2013-11-24 07:55:16 1 27.01800436 0.00562687 937074.91545625 9.56161 18.6577 23.3016%
24577 2013-11-24 07:46:37 1 27.01800436 0.00562687 937047.89745189 9.55587 18.6517 23.3128%
24576 2013-11-24 07:30:11 1 27.01800436 0.00562687 937020.87944753 9.54473 18.6403 23.3342%
24575 2013-11-24 07:24:10 1 27.01800436 0.00562687 936993.86144317 9.54083 18.6361 23.342%

[victor]

This is a serious problem! Damn the selfish ypool!  

[Wolf0]

Being a complete noob; What does that mean and what are the consequences of such actions?

The job of miners is to do the work of the network, for which they get paid in mined shares.  Instead of processing all our transactions, doing just one transaction per block is doing as little work as possible and still getting paid.  So everything is slow because most of the "workers" are just standing around leaning on their shovels.   

Not really. They're doing the same amount of work whether or not they include transactions. It's actually beneficial for them to add transactions, as they get paid in fees.

Right. Which brings up an interesting point - why is this happening?

Either the majority of ypool's miners are slow to upgrade, ypool is slow to enforce the upgrade, or ypool miners don't care about the network... or something else?

I don't think miners get to decide whether or not to include transactions. The pool gives them a block header to hash, and they hash it.

[bytemaster]

Being a complete noob; What does that mean and what are the consequences of such actions?

The job of miners is to do the work of the network, for which they get paid in mined shares.  Instead of processing all our transactions, doing just one transaction per block is doing as little work as possible and still getting paid.  So everything is slow because most of the "workers" are just standing around leaning on their shovels.   

Not really. They're doing the same amount of work whether or not they include transactions. It's actually beneficial for them to add transactions, as they get paid in fees.

Right. Which brings up an interesting point - why is this happening?

Either the majority of ypool's miners are slow to upgrade, ypool is slow to enforce the upgrade, or ypool miners don't care about the network... or something else? 

[ruletheworld]

Being a complete noob; What does that mean and what are the consequences of such actions?

The job of miners is to do the work of the network, for which they get paid in mined shares.  Instead of processing all our transactions, doing just one transaction per block is doing as little work as possible and still getting paid.  So everything is slow because most of the "workers" are just standing around leaning on their shovels.   

Not really. They're doing the same amount of work whether or not they include transactions. It's actually beneficial for them to add transactions, as they get paid in fees.

Right. Which brings up an interesting point - why is this happening?

[Wolf0]

Being a complete noob; What does that mean and what are the consequences of such actions?

The job of miners is to do the work of the network, for which they get paid in mined shares.  Instead of processing all our transactions, doing just one transaction per block is doing as little work as possible and still getting paid.  So everything is slow because most of the "workers" are just standing around leaning on their shovels.   

Not really. They're doing the same amount of work whether or not they include transactions. It's actually beneficial for them to add transactions, as they get paid in fees.

[MisO69]

Thanks for the explanations guys.

[Stan]

Being a complete noob; What does that mean and what are the consequences of such actions?

The job of miners is to do the work of the network, for which they get paid in mined shares.  Instead of processing all our transactions, doing just one transaction per block is doing as little work as possible and still getting paid.  So everything is slow because most of the "workers" are just standing around leaning on their shovels.   

[mitao]

It will make the blockchain very unhealthy.


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[markj113]

means the pools are only adding one tx to a block resulting in long confirmation times when you transfer PTS