A large % of the unconfirmed transactions are micro transactions, like 1 satoshi. Its a coordinated attack my those running BCH.
Yup, it's precisely that.
There are an alarming number of transactions like these -
https://blockchain.info/tx/50af90e80e3acfb78bc62f6837d22bec7f0024b5d1d2263f08af6d473a1999f5 clogging the pipe.
Of course some miners are in bed with the people behind BCH to let this happen.
I wish there was a way to drop all these micro transactions (below $5) from the mempool altogether. I suppose it would clear the queue by about 70% if not more.
I'm looking at that block chain you mentioned, but even though the transaction was small they still paid $29 to send $0.38 cents. Why, I'm not sure, and this transaction, because they paid close to 700 sat/byte got confirmed. I figured if they wanted to clog memory pool they would send a transaction with a really low fee to remain unconfirmed. Am I missing something here? (and yes I am really new at this so please be patient with me for explanations, sorry).
That still goes into mempool for once. And then the miner would pick that transaction over others because of the fee (or because they already have details of these microtransactions and are only picking up these over others, until someone with a genuine transaction wants to pay a higher fee). So it is a win-win for the miners and the others involved in this.
By selecting transactions like these over genuine transactions having same fee, the miners are basically pushing everyone into paying a higher fee to get picked, thereby making the entire reason to transact in BTC more and more unviable.