Bitcoin Forum

Other => Beginners & Help => Topic started by: altcoinboss177 on August 02, 2017, 06:33:03 PM



Title: HOW DO MINERS PICK TRANSACTIONS
Post by: altcoinboss177 on August 02, 2017, 06:33:03 PM
You wrote:
So you need to wait for a certain amount of time until a miner decided to pick your transaction out of all of those sitting around in the mempool.
How do miners actually decide and pick? Do they browse through the mempool online and pick transactions they like, or is it done automatically by an algorithm.
Regards


Title: Re: HOW DO MINERS PICK TRANSACTIONS
Post by: Vivisector999 on August 02, 2017, 10:21:56 PM
Miners don't pick themselves.

All done by algorithm.  I have a feeling its based on transaction price, but I could be wrong. 


Title: Re: HOW DO MINERS PICK TRANSACTIONS
Post by: CaVO32 on August 03, 2017, 06:31:04 AM
the miner turns on their machine... and sends their hashrate to a place and they pay if his hashrate is high enough and he is there long enough... he dont pick and chose transactions  , all a miner knows is how to turn on a machine and leave that machine running and nothing more!


Title: Re: HOW DO MINERS PICK TRANSACTIONS
Post by: Beerwizzard on August 03, 2017, 09:07:05 PM
Miners don't pick themselves.

All done by algorithm.  I have a feeling its based on transaction price, but I could be wrong. 
Ya, it's based by transaction fee but pools still can pick different  transactions. Thats how different transaction accelerators work ( like this one https://pool.viabtc.com/tools/txaccelerator/ ). They are just setting a minimum transaction fees to acclerate only good ones.