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Title: 1M bitcoin transactions Post by: CryptoHFs on April 06, 2023, 02:15:07 PM please check the following articles:
https://bitcointalk.org/index.php?topic=5447704.msg62039974#msg62039974 https://bitcointalk.org/index.php?topic=5447717.msg62040841#msg62040841 https://bitcointalk.org/index.php?topic=5447734.msg62041637#msg62041637 would it be possible to process the transactions through the OP_RETURN and what are the risks, fail, success rate and advises to process these 1m transactions. if I speak to miners asking to process them how much would it cost, etc? Title: Re: 1M bitcoin transactions Post by: DaveF on April 06, 2023, 03:30:59 PM please check the following articles: https://bitcointalk.org/index.php?topic=5447704.msg62039974#msg62039974 https://bitcointalk.org/index.php?topic=5447717.msg62040841#msg62040841 https://bitcointalk.org/index.php?topic=5447734.msg62041637#msg62041637 would it be possible to process the transactions through the OP_RETURN and what are the risks, fail, success rate and advises to process these 1m transactions. if I speak to miners asking to process them how much would it cost, etc? The cost would probably be AT LEAST what I posted in your other thread. ON AVERAGE a miner is taking in about BTC.2 per block in fees You will need about 450 blocks to push out 1 million TX so figure the miner to push out 1 million transactions with 0 fee is asking them to give up between 85BTC to 90BTC So they would probably charge you at least that much. Now for the other side, the mempool is full at the moment so that is where I get the .2 per block. If it empties you could possibly get it for 1/10 that much. But it might take a while since as the mempool fills up they would want to send out the transactions with a higher fee. You would probably be better off paying the 1 sat/vb fee sending them out as regular transactions and being done. -Dave Title: Re: 1M bitcoin transactions Post by: CryptoHFs on April 06, 2023, 07:47:32 PM please check the following articles: https://bitcointalk.org/index.php?topic=5447704.msg62039974#msg62039974 https://bitcointalk.org/index.php?topic=5447717.msg62040841#msg62040841 https://bitcointalk.org/index.php?topic=5447734.msg62041637#msg62041637 would it be possible to process the transactions through the OP_RETURN and what are the risks, fail, success rate and advises to process these 1m transactions. if I speak to miners asking to process them how much would it cost, etc? The cost would probably be AT LEAST what I posted in your other thread. ON AVERAGE a miner is taking in about BTC.2 per block in fees You will need about 450 blocks to push out 1 million TX so figure the miner to push out 1 million transactions with 0 fee is asking them to give up between 85BTC to 90BTC So they would probably charge you at least that much. Now for the other side, the mempool is full at the moment so that is where I get the .2 per block. If it empties you could possibly get it for 1/10 that much. But it might take a while since as the mempool fills up they would want to send out the transactions with a higher fee. You would probably be better off paying the 1 sat/vb fee sending them out as regular transactions and being done. -Dave understood. thank you |