Over 200.000 transactions per day in the history of Bitcoin

[ifightformerkel]

This looks alot, but it is only 138 transactions per minute.

The stock market have million transactions every minute.

In a few years i hope bitcoin have million transactions in one day.

[countryfree]

I guess the minimum amount to make a transaction shall be raised once again. Fees are good, I see them as a safety net. Now, there was a peak, but we shall not raise conclusions from a single exceptional day. I'll wait to see the average number of transactions per day for this month.

[Meuh6879]

The stock market have million transactions every minute.

million transaction ... with how many leverage on it ? 
in Bitcoin network, we ... use real coin, no leverage.

[Wary]

I always said that number of bitcoin transactions is not clear way to show - well, anything really. Number of transactions can be bloated artificially.
System counts all transactions even dust transactions are being counted. It is certain that number of transactions would naturally grow over time, just don't get hyped by that.

To take into account value of transaction, we can look at other graph: estimated USD transaction volume.



Nothing spectacular and way below 2013 peak times, but still definite growth, from 47K to 70K.

[Wary]

That's how it compares with 2013:

[pooya87]

if you don't consider the one day peek of 200,000 then you can see that the average number of transactions per day is the same as before around 100,000.
https://blockchain.info/charts/n-transactions?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

and obviously it is not because of exchanger bots like some users are saying at least not when you exclude the popular addresses:
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

this was clearly because of that stupid stress test that is hurting everybody who is using bitcoin and relying on getting confirmations on time with standard fee.

[EternalWingsofGod]

@turvarya

stress test or not, we are over 200k transactions per day  
and most of these will cost some money, great - support the network   !

Consider that stable is 100,000 transactions per day that isn't so bad
Bitcoin is growing and thats great just hope we can solve the growing pains that come with it.

[Amph]

That's how it compares with 2013:

snip

well not fair to compare it to the 1200 ath, it is obvious that in that era there were more people using bitcoin, because of that boom, i'm sure that with the next spike, we can see much more than a mere 200k transaction

considering that we didn't lost so much in TX in comparison with the price, it mean that we are growing nicely, in a slow rate maybe but still good

[goosoodude]

@turvarya

stress test or not, we are over 200k transactions per day 
and most of these will cost some money, great - support the network  !

Yes, it would be interesting to know how much the fee reward would rise when this would not be a spam attack with low fees only. At the end fees need to take over and replace the block reward at one point. There needs to happen a lot of adoption until then.

[LouisVuitton]

Bitcoin is becoming recognized more and more every day.

[junglemouse]

Well, only 200k? I even thought it should be over a million per day, but I over estimated the fact of btc transaction, but it means btc could be more potential, IMO 200k transactions per day mean about 5k-10k people use bitcoin daily, it is only a few compared to any fiat money. Bitcoin will be ridiculous expensive in the future if more than 1 million users use it daily.

I have been thinking about this, and I think that one of the barriers to adoption by more people is that all of the places to buy BTC are not mainstream.  If a major bank offered BTC then it would take off.  But of course banks won't do this because it would not be in their best interest.

The first major bank to jump will hit the market hard and if done correctly, they would find a way to benefit creating a race for other banks to adjust accordingly with bitcoin.

[Coinbanker]

my transaction still not confirmed, damn.

[Slark]

my transaction still not confirmed, damn.

Confirmations could take a couple minutes, it depends on the network traffic. And the real question is how much did you send/receive.  Did you pay the fee?
If you did not your transactions could be in transit for a long, long time.

I think that increased bitcoin transactions per day is normal thing. But I want to see how many of these were not dust transactions and some real transfer of money.

[gkv9]

This is such a less number if compared to other markets that we are involved in...
We need more transactions if we want Bitcoins to succeed, as more transactions will show that more people are involved from different corners of the world, we want it to become mainstream...

[BitmoreCoin]

This is such a less number if compared to other markets that we are involved in...
We need more transactions if we want Bitcoins to succeed, as more transactions will show that more people are involved from different corners of the world, we want it to become mainstream...

Yes. But we do not want those spams.

[Argwai96]

This is such a less number if compared to other markets that we are involved in...
We need more transactions if we want Bitcoins to succeed, as more transactions will show that more people are involved from different corners of the world, we want it to become mainstream...

Yes. But we do not want those spams.

I wouldn't call them Spam but test transactions in order to create the volume needed to test the bitcoin network other wise how could we test it by sitting around and waiting for more people to send, all system most be tested no matter what stress testing is happening all around us is part of the internet.

[achow101]

This is such a less number if compared to other markets that we are involved in...
We need more transactions if we want Bitcoins to succeed, as more transactions will show that more people are involved from different corners of the world, we want it to become mainstream...

Yes. But we do not want those spams.

I wouldn't call them Spam but test transactions in order to create the volume needed to test the bitcoin network other wise how could we test it by sitting around and waiting for more people to send, all system most be tested no matter what stress testing is happening all around us is part of the internet.

Except it is spam because those are dust transactions, not ones of high enough value that we would actually see if these transactions were legitimate. They also have low fees. They are spam because they did not actually simulate the markets. All of the spam transactions are dust and considered non-standard by Bitcoin Core.

[BrianM]

Time to increase the fee for bitcoin transaction. Way too low anyway, then could we get rid of all these dust transaction. Bitcoins should only be used for large transactions anyway. Buy your coffe with litecoins.

[Amph]

Time to increase the fee for bitcoin transaction. Way too low anyway, then could we get rid of all these dust transaction. Bitcoins should only be used for large transactions anyway. Buy your coffe with litecoins.

unless you remove the custom transactions, there is no point in increase it, anyone can just go ahead and drop it at 1 satoshi or zero if he want

[BitmoreCoin]

Miner can decide not to include if the fee is too low. Is there a protocol to exclude a dust transaction by the miners?