Example #1
Check this out: https://mempool.space/address/bc1qw2acyf9x2gtnxlydwf3e4rgw9fxgaxnm2jr4mu
1110 transactions for 13 cents each to the same wallet. Like, why not just send the whole amount in one go to save on fees?
Example #2
Here's another one: https://mempool.space/address/bc1plh4au35n0t4c7fdjnyr8s6m7krr2ddp5cxg747s5lmpnjrsrks9smu
Sending 23 cents over and over to the same wallet, and it racked up a fee of $7.45 for each one...
Example #3
And look at this: https://mempool.space/address/bc1qy5g5tdx2evg3v5f4rj90f6amhy92gtam39n0hc
Over 50,000 transactions, but the total amount is 20 times less than the fee? They're basically losing money sending all those tiny outputs to the same address. Why not just send one larger amount instead of 20,000 separate transactions?
These wallets are adding to the congestion on the Bitcoin network, and I'm curious if anyone has more info on why they're constantly creating these micro transactions to the same wallet.
Why are wallets doing so many micro transactions with high fees?
7 replies 308 views
They're Ordinal spammers. It's a scam selling useless dust to gullible greedy people. It follows the line of ICOs and NFTs.
Thanks for confirming for me! That makes total sense now.
This is some other way scammers do fooled some people, whereby same transaction wallet address will be always on the run, and can't make a full transaction at a time which is absolutely useless.
To show you they are willing to earn from you in a way most people don't even know like your data running in the platform, it also a way of eating you up.
Yes! they are just bunch of spammers trying to get info about your wallet through dust attack when you eventually spend those tokens along with your real tokens
You can go through post below it contains almost all you need to know
https://bitcointalk.org/index.php?topic=5175238
humbleledgerLegendary
Posts: 1027 · Reputation: 6554
#6Sep 20, 2019, 08:46 AM
Dust attacks don't pay high transaction fees for one output.
These aren't "tokens", we're talking about Bitcoin here.
Ohh! Thanks for the correction and the headsup, I didn't even check the transactions I only looked for the post made by fillippone after seeing a dust like comment .
That means the spammers are definitely paying high fee to get a task done so as to receive greater reward in BTC or a particular token, they don't really care the amount they are paying as fee so far they will have a reward which more than their output +fee in total
the_matrixSenior Member
Posts: 313 · Reputation: 1887
#8Sep 20, 2019, 02:04 PM
Look, there is no 'greater reward' in this situation, ordinals spammers are simply selling crap at all cost to stupid people who care to buy. The problem now is that by doing so, they are causing congestion in the BTC network and that's why tx fees have been very high for sometime now, making BTC unusable for payments.
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