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Bitcoin => Bitcoin Discussion => Topic started by: stsfi on April 06, 2019, 02:03:49 PM



Title: BITCOIN HIT 40 TX/s
Post by: stsfi on April 06, 2019, 02:03:49 PM
BITCOIN HIT 40 TX/s


Source :-

https://www.blockchain.com/btc/unconfirmed-transactions
https://txstreet.com/


Title: Re: BITCOIN HIT 40 TX/s
Post by: franky1 on April 07, 2019, 12:58:34 AM
bitcoin tx is only a bitcoin tx when it confirms..

anyone can inject as many transactions through the relay network. but doesnt mean they will confirm. thus meaningless


Title: Re: BITCOIN HIT 40 TX/s
Post by: Bitcoin_Arena on April 07, 2019, 07:31:18 AM
Not even close to your said 40 TX/s
https://www.blockchain.com/
Is currently showing 14.93 TX/s

https://txstreet.com/
Is currently showing 2.85 TX/s

I am even confused now, i dunno which  of the two is real.


Title: Re: BITCOIN HIT 40 TX/s
Post by: Pursuer on April 07, 2019, 08:05:45 AM
https://txstreet.com/
Is currently showing 2.85 TX/s

that site is a propaganda machine created against bitcoin to undermine bitcoin, nothing else. and that is why the value is so small. it was created to advertise bitcoin-cash, if you look at the BCash bus you can see it is constantly being filled with "passengers" which are transactions but if you look at its blocks on an explorer you can see there is barely any tx in any of them!
blockchain.com is more trusted but unfortunately their system is usually buggy so it may not be the most reliable source either.


Title: Re: BITCOIN HIT 40 TX/s
Post by: stsfi on April 07, 2019, 10:19:07 AM
bitcoin tx is only a bitcoin tx when it confirms..

anyone can inject as many transactions through the relay network. but doesnt mean they will confirm. thus meaningless


Most of them were NON RBF, also confirmation is limited by blocks your point is complete invalid


Title: Re: BITCOIN HIT 40 TX/s
Post by: AdolfinWolf on April 07, 2019, 05:06:32 PM
blockchain.com is more trusted but unfortunately their system is usually buggy so it may not be the most reliable source either.
If Blockchain.com is the more trusted service, you know the other service must be REALLY bad.

Not even close to your said 40 TX/s
https://www.blockchain.com/
Is currently showing 14.93 TX/s

https://txstreet.com/
Is currently showing 2.85 TX/s

I am even confused now, i dunno which  of the two is real.

Txstreet says that the average bitcoin tx is 500 bytes, which is a bit of an overestimation, and i'm pretty sure it doesn't entirely take segwit into account. (At least not in a fair manner.)

I'm not sure where you get the 14 TX/s from btw? - https://www.blockchain.com/en/charts/transactions-per-second?timespan=1week shows ~3 per sec?


Title: Re: BITCOIN HIT 40 TX/s
Post by: stsfi on April 07, 2019, 05:42:52 PM
blockchain.com is more trusted but unfortunately their system is usually buggy so it may not be the most reliable source either.
If Blockchain.com is the more trusted service, you know the other service must be REALLY bad.

Not even close to your said 40 TX/s
https://www.blockchain.com/
Is currently showing 14.93 TX/s

https://txstreet.com/
Is currently showing 2.85 TX/s

I am even confused now, i dunno which  of the two is real.

Txstreet says that the average bitcoin tx is 500 bytes, which is a bit of an overestimation, and i'm pretty sure it doesn't entirely take segwit into account. (At least not in a fair manner.)

I'm not sure where you get the 14 TX/s from btw? - https://www.blockchain.com/en/charts/transactions-per-second?timespan=1week shows ~3 per sec?


it takes realtime numbers per block


Title: Re: BITCOIN HIT 40 TX/s
Post by: Bitcoin_Arena on April 07, 2019, 08:54:57 PM
that site is a propaganda machine created against bitcoin to undermine bitcoin, nothing else. and that is why the value is so small. it was created to advertise bitcoin-cash, if you look at the BCash bus you can see it is constantly being filled with "passengers" which are transactions but if you look at its blocks on an explorer you can see there is barely any tx in any of them!
This could be the reason why. Thanks

I'm not sure where you get the 14 TX/s from btw? - https://www.blockchain.com/en/charts/transactions-per-second?timespan=1week shows ~3 per sec?
I got it from here https://www.blockchain.com/btc/unconfirmed-transactions
The value keeps changing since it's real time.


Title: Re: BITCOIN HIT 40 TX/s
Post by: pooya87 on April 08, 2019, 03:21:10 AM
I'm not sure where you get the 14 TX/s from btw? - https://www.blockchain.com/en/charts/transactions-per-second?timespan=1week shows ~3 per sec?
I got it from here https://www.blockchain.com/btc/unconfirmed-transactions
The value keeps changing since it's real time.

that value is not exactly transaction per second that is referred to as Tx/s or TPS. it is showing number of sent transactions per second whereas Tx/s is usually referred to processed or mined transactions per second. you can send million tx/s but the blocks (no matter their size) can only include a limited number of them. which is why the second value is more important than the first.