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Scam Reports & Crypto Crime / Four Quick Questions and Answers About Ransomware and Bitcoin

« on: May 18, 2017, 12:33:06 AM »

Bitcoin got caught in another media storm this week, though only in a supporting role this time around. The ongoing ransomware attack by the name of “WannaCry,” sometimes also referred to as “WannaCrypt0r,” “Wcry,” “WanaCry,” “WannaCrypt” or “Wana Decrypt0r,” infected over 230,000 computers in over 150 countries over the past couple of days, and demands that victims pay a ransom in the cryptocurrency.

So what is ransomware, and what does Bitcoin have to do with all of this?

https://bitcoinmagazine.com/articles/four-quick-questions-and-answers-about-ransomware-and-bitcoin/

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Site Rules, News, Suggestions, Support, Guides / What to Do if Your Bitcoin Transaction Gets "Stuck"

« on: December 13, 2016, 12:26:00 PM »

The number of transactions on the Bitcoin network has steadily increased over the years. This means more blocks are filling up. And as not all transactions can be included in the blockchain straight away, backlogs form in miners’ “mempools” (a sort of “transaction queue.”)

Miners typically pick the transactions that pay the most fees and include these in their blocks first. Transactions that include lower fees are “outbid” on the so called “fee market,” and remain in miners’ mempools until a new block is found. If the transaction is outbid again, it has to wait until the next block.

This can lead to a suboptimal user experience. Transactions with too low a fee can take hours or even days to confirm, and sometimes never confirm at all.

But here is what you can do today to keep your own transaction from getting stuck...

https://bitcoinmagazine.com/articles/what-to-do-if-your-bitcoin-transaction-gets-stuck-1481042383