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Title: All-time transaction record was just hit Post by: evoorhees on May 04, 2012, 01:57:23 AM http://blockchain.info/charts/n-transactions (http://blockchain.info/charts/n-transactions) Now, this is actually misleading, because the vast majority of the huge spike in the past couple days was SatoshiDice.com (http://SatoshiDice.com). But, numbers are numbers and we just hit the all time Bitcoin transaction record ;) The transactions are actually real people placing real bets, so I guess they are legitimate for the transaction count, right? To Piuk (blockchain.info owner), I might suggest you make an additional transactions chart like the above but remove all transactions to or from the 1dice addresses. :) Title: Re: All-time transaction record was just hit Post by: cypherdoc on May 04, 2012, 02:12:54 AM The transactions are actually real people placing real bets, so I guess they are legitimate for the transaction count, right? shame on you. of course they're legitimate. these are real ppl using real Bitcoins for a real purpose. Title: Re: All-time transaction record was just hit Post by: GoWest on May 04, 2012, 02:21:06 AM I'd say the value of daily transactions is more important. http://blockchain.info/charts/estimated-transaction-volume-usd
Title: Re: All-time transaction record was just hit Post by: cypherdoc on May 04, 2012, 02:26:56 AM well, a currency has to start somewhere and its very good news that the absolute # of tx's is going up like that. at this pt we just want ppl to use them and create a monetary velocity.
Title: Re: All-time transaction record was just hit Post by: bpd on May 04, 2012, 02:34:21 AM Isn't there a 1000-txn per block limit in place? Seems like satoshidice could cause that to be hit very quickly.
Title: Re: All-time transaction record was just hit Post by: cypherdoc on May 04, 2012, 02:39:30 AM Bitcoin looks alot healthier than this:
http://research.stlouisfed.org/fred2/data/M2V_Max_630_378.png Title: Re: All-time transaction record was just hit Post by: Explodicle on May 04, 2012, 02:40:54 AM Isn't there a 1000-txn per block limit in place? Seems like satoshidice could cause that to be hit very quickly. Then maybe people will start paying fees. :P Title: Re: All-time transaction record was just hit Post by: evoorhees on May 04, 2012, 02:41:13 AM Isn't there a 1000-txn per block limit in place? Seems like satoshidice could cause that to be hit very quickly. I've never heard of such a thing, but it would be pretty silly. That would mean only 144,000 transactions could happen in a day if they happened perfectly evenly. Not suitable for a currency that will take over the world ;) Title: Re: All-time transaction record was just hit Post by: cypherdoc on May 04, 2012, 02:43:19 AM Isn't there a 1000-txn per block limit in place? Seems like satoshidice could cause that to be hit very quickly. that can't be right. Title: Re: All-time transaction record was just hit Post by: CIYAM on May 04, 2012, 02:43:37 AM Isn't there a 1000-txn per block limit in place? Seems like satoshidice could cause that to be hit very quickly. Isn't the limit 1 MB of tx data rather than x # of tx's? Title: Re: All-time transaction record was just hit Post by: bpd on May 04, 2012, 02:48:16 AM https://en.bitcoin.it/wiki/Transaction_fees says it's 500KB per block. May be out of date.
Block http://blockchain.info/block-index/217018/0000000000000189d250023b778a2f8e6f45b5d5e4de8fa79b7854aabd1af95b is 293KB with 810 transactions, 677 of which are due to satoshidice Title: Re: All-time transaction record was just hit Post by: cypherdoc on May 04, 2012, 02:53:43 AM theymos says there a max of 1MB data per block
Title: Re: All-time transaction record was just hit Post by: cypherdoc on May 04, 2012, 02:58:48 AM from theymos:
http://blockexplorer.com/q/avgtxsize Bitcoin uses decimal megabytes and the block header is included in the byte count, so the max number of transactions assuming a size of 449 would be (1000000-80)/449=2226. Title: Re: All-time transaction record was just hit Post by: theymos on May 04, 2012, 03:22:48 AM https://en.bitcoin.it/wiki/Transaction_fees says it's 500KB per block. May be out of date. 500KB is the soft limit, which can be increased easily. 1MB is the "hard" limit, which is more difficult to increase. Title: Re: All-time transaction record was just hit Post by: cypherdoc on May 04, 2012, 03:26:37 AM https://en.bitcoin.it/wiki/Transaction_fees says it's 500KB per block. May be out of date. 500KB is the soft limit, which can be increased easily. 1MB is the "hard" limit, which is more difficult to increase. but tell them what you told me in the pm. its important for them to know that the tx's per block can be increased as was planned for by Satoshi. Title: Re: All-time transaction record was just hit Post by: theymos on May 04, 2012, 03:34:47 AM but tell them what you told me in the pm. its important for them to know that the tx's per block can be increased as was planned for by Satoshi. Yeah, the 1MB max block size is an arbitrary limit meant to stop the chain size from expanding too quickly. The technical limit is much higher (probably at least a million transactions). Satoshi planned to increase the max block size when legitimate transaction volume made it necessary. This requires everyone to upgrade, but it can be rolled out over several years, so it's not a huge issue. Probably some other chain-forking change will be necessary before it becomes a problem. The current average transaction count per block is ~60, so we're far from the limit. Title: Re: All-time transaction record was just hit Post by: highlevelminer on May 04, 2012, 03:44:10 AM Lol looks like mining is no longer profitable.
Nice info theymos :) Title: Re: All-time transaction record was just hit Post by: Stephen Gornick on May 04, 2012, 05:30:27 AM Here are some totals for these addresses:
Wager BTC Trxs lessthan 1 8 2768 lessthan 2 0 104 lessthan 4 1 1126 lessthan 8 1 56 lessthan 16 1 82 lessthan 32 1 44 lessthan 64 5 160 lessthan 128 40 260 lessthan 256 3 42 lessthan 512 9 278 lessthan 1000 8 248 lessthan 1500 3 64 lessthan 2000 10 152 lessthan 3000 14 98 lessthan 4000 10 142 lessthan 6000 20 266 lessthan 8000 41 570 lessthan 12000 69 478 lessthan 16000 157 1458 lessthan 24000 719 1602 lessthan 32000 537 3897 lessthan 32768 1,018 4004 lessthan 48000 468 2387 lessthan 64000 245 790 Total BTCs wagered: 3,387 BTC Total number of wagers (transactions): 21,076 Total transactions on the blockchain: 42,152 Average wager: 0.16 BTC Title: Re: All-time transaction record was just hit Post by: MarketNeutral on May 04, 2012, 05:33:00 AM Lol looks like mining is no longer profitable. Nice info theymos :) Are you telling me I should shut down my cpu rig? Never! ;D Title: Re: All-time transaction record was just hit Post by: randomproof on May 05, 2012, 06:46:53 PM 1) One transaction can actually contain many real transactions. Look at how most mining pools pay-out. One input to many outputs.
2) Wouldn't a large number of transactions increase the changes of messing with the merkle-tree hash? Title: Re: All-time transaction record was just hit Post by: FreeMoney on May 05, 2012, 06:56:16 PM Here are some totals for these addresses: Wager BTC Trxs lessthan 1 8 2768 lessthan 2 0 104 lessthan 4 1 1126 lessthan 8 1 56 lessthan 16 1 82 lessthan 32 1 44 lessthan 64 5 160 lessthan 128 40 260 lessthan 256 3 42 lessthan 512 9 278 lessthan 1000 8 248 lessthan 1500 3 64 lessthan 2000 10 152 lessthan 3000 14 98 lessthan 4000 10 142 lessthan 6000 20 266 lessthan 8000 41 570 lessthan 12000 69 478 lessthan 16000 157 1458 lessthan 24000 719 1602 lessthan 32000 537 3897 lessthan 32768 1,018 4004 lessthan 48000 468 2387 lessthan 64000 245 790 Total BTCs wagered: 3,387 BTC Total number of wagers (transactions): 21,076 Total transactions on the blockchain: 42,152 Average wager: 0.16 BTC Holy crap. In 8 months Seals has done 7398 transactions. Title: Re: All-time transaction record was just hit Post by: Stephen Gornick on May 08, 2012, 01:01:46 AM Ya, so how about a new record, 25% higher than the previous record a few days ago.
18,555 transactions in 24 hours. https://i.imgur.com/Q5j3f.png (http://blockchain.info/charts/n-transactions) - http://blockchain.info/charts/n-transactions Title: Re: All-time transaction record was just hit Post by: Stephen Gornick on May 08, 2012, 01:13:04 AM Holy crap. In 8 months Seals has done 7398 transactions. SatoshiDice appears to be doing more than that every 24 hours. - http://www.SatoshiDice.com Updated: Here are some totals for these addresses: Wager BTC Trxs lessthan 1 11 4,660 lessthan 2 1 163 lessthan 4 1 1,176 lessthan 8 1 94 lessthan 16 2 128 lessthan 32 2 86 lessthan 64 8 411 lessthan 128 45 1,051 lessthan 256 14 101 lessthan 512 15 462 lessthan 1000 22 458 lessthan 1500 22 291 lessthan 2000 31 246 lessthan 3000 49 283 lessthan 4000 42 274 lessthan 6000 125 585 lessthan 8000 65 720 lessthan 12000 93 907 lessthan 16000 250 1,912 lessthan 24000 1,538 4,520 lessthan 32000 2,003 12,238 lessthan 32768 2,121 8,237 lessthan 48000 2,382 6,156 lessthan 64000 1,285 2,194 Total BTCs wagered: 10,128 BTC Total number of wagers (transactions): 47,353 Total transactions on the blockchain: 94,706 (*) Average wager: 0.21 BTC * Roughly this number. Overcounts when more than one wager was sent per transaction. Title: Re: All-time transaction record was just hit Post by: etotheipi on May 13, 2012, 03:23:12 AM Just for reference (sorry Stephen), I started doing my own stats on SatoshiDice.com using Armory's blockchain tools. It appears that 1% of transactions are not returned, but even without those the stats look fairly reasonable so far. In fact, SatoshiDice.com has lost money so far...
The latest data (as of this post) is copied below, but I'm updating this thread (https://bitcointalk.org/index.php?topic=80312.0) daily. Quote Results: 2012-May-12 10:59pm Address Target Should Win | #Bets | Win | Lose | Refunds | Accounted-for ---------------------------------------------------------------------------------------------------------------------- 1dice1e6p 1 0.00002 | 2439 | 0 (0.00000) | 2346 (1.00000) | 92 (0.03922) | (1.000) 1dice1Qf4 2 0.00003 | 106 | 0 (0.00000) | 88 (1.00000) | 16 (0.18182) | (0.981) 1dice2pxm 4 0.00006 | 643 | 0 (0.00000) | 631 (1.00000) | 10 (0.01585) | (0.997) 1dice2vQo 8 0.00012 | 85 | 0 (0.00000) | 71 (1.00000) | 12 (0.16901) | (0.976) 1dice2WmR 16 0.00024 | 83 | 0 (0.00000) | 73 (1.00000) | 7 (0.09589) | (0.964) 1dice2xkj 32 0.00049 | 62 | 0 (0.00000) | 54 (1.00000) | 5 (0.09259) | (0.952) 1dice2zdo 64 0.00098 | 312 | 0 (0.00000) | 302 (1.00000) | 7 (0.02318) | (0.990) 1dice37Ee 128 0.00195 | 590 | 0 (0.00000) | 583 (1.00000) | 2 (0.00343) | (0.992) 1dice3jkp 256 0.00391 | 96 | 1 (0.01163) | 85 (0.98837) | 4 (0.04651) | (0.938) 1dice4J1m 512 0.00781 | 359 | 3 (0.00847) | 351 (0.99153) | 1 (0.00282) | (0.989) 1dice5wwE 1000 0.01526 | 441 | 7 (0.01602) | 430 (0.98398) | 0 (0.00000) | (0.991) 1dice61SN 1500 0.02289 | 266 | 5 (0.01901) | 258 (0.98099) | 0 (0.00000) | (0.989) 1dice6DPt 2000 0.03052 | 317 | 8 (0.02556) | 305 (0.97444) | 1 (0.00319) | (0.991) 1dice6gJg 3000 0.04578 | 275 | 11 (0.04059) | 260 (0.95941) | 0 (0.00000) | (0.985) 1dice6GV5 4000 0.06104 | 265 | 11 (0.04198) | 251 (0.95802) | 0 (0.00000) | (0.989) 1dice6wBx 6000 0.09155 | 537 | 45 (0.08491) | 485 (0.91509) | 1 (0.00189) | (0.989) 1dice6YgE 8000 0.12207 | 720 | 94 (0.13128) | 622 (0.86872) | 0 (0.00000) | (0.994) 1dice7EYz 12000 0.18311 | 1065 | 214 (0.20170) | 847 (0.79830) | 0 (0.00000) | (0.996) 1dice7fUk 16000 0.24414 | 1395 | 321 (0.23094) | 1069 (0.76906) | 1 (0.00072) | (0.997) 1dice7W2A 24000 0.36621 | 3881 | 1506 (0.39026) | 2353 (0.60974) | 2 (0.00052) | (0.995) 1dice8EMZ 32000 0.48828 | 14008 | 6812 (0.48975) | 7097 (0.51025) | 10 (0.00072) | (0.994) 1dice97EC 32768 0.50000 | 12134 | 5852 (0.49555) | 5957 (0.50445) | 11 (0.00093) | (0.974) 1dice9wcM 48000 0.73242 | 5844 | 4229 (0.72851) | 1576 (0.27149) | 8 (0.00138) | (0.995) 1dice9wVt 64000 0.97656 | 1497 | 1454 (0.97912) | 31 (0.02088) | 7 (0.00471) | (0.997) ---------------------------------------------------------------------------------------------------------------------- | 47420 | ---------------------------------------------------------------------------------------------------------------------- Total Bets Made: 47420 Cumulative Wagers: 18277.28493525 BTC Cumulative Rewards: 18336.91450091 BTC Cumulative Fees Paid: 23.58400000 BTC Cumulative Unreturned: 76.44369013 BTC ---- SatoshiDice Profit/Loss: -83.21356566 BTC Title: Re: All-time transaction record was just hit Post by: Stephen Gornick on May 13, 2012, 07:12:56 AM Just for reference (sorry Stephen), I started doing my own stats on SatoshiDice.com using Armory's blockchain tools. Thank you, yours is much more comprehensive! In fact, SatoshiDice.com has lost money so far... A casino that pays out more than it takes in. They must plan to make up for it with volume. :) But, that would explain why it is so popular. The missing payouts are a concern though. Hoping to learn the reason for that, and also to learn if there have been attacks that have been double spending (clawing back losing wagers, for instance) or what might explain the losses being experienced. Title: Re: All-time transaction record was just hit Post by: Desolator on May 13, 2012, 08:02:29 AM Isn't there a 1000-txn per block limit in place? Seems like satoshidice could cause that to be hit very quickly. from satoshidice.coM: Step 2 The Ghost of Satoshi will roll the dice and pick a Lucky Number! Well, he's The One so he can violate the laws of physics inside the matrix and do more transactions than that in a block lol. So if they want to, allegedly, take up 600+ transactions then no biggie, rofl. now if you're all like "oh good, some forum nut being all nutty and nutting it up again," perhaps you should read their own 1st paragraph at http://satoshidice.com/bits.php :P Title: Re: All-time transaction record was just hit Post by: cgpgroup on May 14, 2012, 05:27:50 AM I dont know why you guys are scratching your heads.... its all the free coins I am giving away at http://mycryptcoin.com/. paying out 5000 times the usual payout to every 1000th request for free coins.
Title: Re: All-time transaction record was just hit Post by: Stephen Gornick on June 05, 2012, 02:01:15 AM Ya, so how about a new record, 25% higher than the previous record a few days ago. 18,555 transactions in 24 hours. Just blew away the previous record by about 10% - 46,684 Transactions, according to: - http://blockchain.info/charts/n-transactions?timespan=all Title: Re: All-time transaction record was just hit Post by: cypherdoc on June 05, 2012, 02:07:52 AM Ya, so how about a new record, 25% higher than the previous record a few days ago. 18,555 transactions in 24 hours. Just blew away the previous record by about 10% - 46,684 Transactions, according to: - http://blockchain.info/charts/n-transactions?timespan=all such a beautiful sight. Title: Re: All-time transaction record was just hit Post by: cytokine on June 05, 2012, 02:33:36 AM Bitcoin looks alot healthier than this: http://research.stlouisfed.org/fred2/data/M2V_Max_630_378.png Smells just like Japan in the late 80's... Title: Re: All-time transaction record was just hit Post by: cypherdoc on June 05, 2012, 02:37:17 AM Bitcoin looks alot healthier than this: http://research.stlouisfed.org/fred2/data/M2V_Max_630_378.png Smells just like Japan in the late 80's-present Title: Re: All-time transaction record was just hit Post by: sunnankar on June 05, 2012, 09:58:29 PM I dont know why you guys are scratching your heads.... its all the free coins I am giving away at http://mycryptcoin.com/. paying out 5000 times the usual payout to every 1000th request for free coins. For some reason your Google Ads are not showing up. Are you sure they are working correctly? I thought I might see something worth clicking on to buy. Title: Re: All-time transaction record was just hit Post by: datafish on June 06, 2012, 12:00:42 AM Ya, so how about a new record, 25% higher than the previous record a few days ago. 18,555 transactions in 24 hours. Just blew away the previous record by about 10% - 46,684 Transactions, according to: - http://blockchain.info/charts/n-transactions?timespan=all The obsolete little Dell GX260 with a single-core processor and 512 MB memory that I run a node with that I paid all of $35 for is still keeping up just fine. Bandwidth requirements seem to be peaking out at around 400 kbits/sec. Title: Re: All-time transaction record was just hit Post by: Stephen Gornick on June 14, 2012, 02:27:25 AM Just blew away the previous record by about 10% - 46,684 Transactions, according to: - http://blockchain.info/charts/n-transactions?timespan=all The hits keep coming! Another record, 59,786 Transactions -- about 28% higher than the previous record from about a week ago. Count as returned by: - http://blockchain.info/charts/n-transactions?timespan=all Title: Re: All-time transaction record was just hit Post by: DeathAndTaxes on June 15, 2012, 01:56:31 PM The nice thing is that estimated tx volume (blockchain best guess to remove "change") is also solidly on the rise:
http://blockchain.info/charts/estimated-transaction-volume?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= Title: Re: All-time transaction record was just hit Post by: cgpgroup on June 15, 2012, 02:36:14 PM I dont know why you guys are scratching your heads.... its all the free coins I am giving away at http://mycryptcoin.com/. paying out 5000 times the usual payout to every 1000th request for free coins. For some reason your Google Ads are not showing up. Are you sure they are working correctly? I thought I might see something worth clicking on to buy. Damn you google! oh well take the free bitcoins and run... lol try again today http://mycryptcoin.com/ |
