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Author Topic: Current transaction volume --- who/what's behind it  (Read 1450 times)
Panthers52
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July 14, 2015, 06:30:03 PM
 #21

Thankfully my transaction finally confirmed today after 5 days.  Amazing changes going on in bitcoin these days.  I wonder what the future brings.  Hopefully transaction competition isn't going to stay this stiff.  
I am surprised that any nodes were still relaying the transaction after that long, especially if you are not running a full node that is rebroadcasting the transaction. May I ask which pool still had the transaction in their mempool when they confirmed it?

It was included in block 365100, which was relayed by bitfury.  I don't know if that answers your question.  I suppose it may have been in more than one pool's mempool, but I don't think I have a way to tell.

In case you're curious, I created the transaction using schildbach's bitcoin wallet for android, so perhaps BWA rebroadcasts from time to time.  I have to admit, I've never looked into it but I'd appreciate any enlightenment you have for me on the subject.
Are you sure that is the correct block number? I am having trouble finding any transactions that even come close to matching your description in that block.

I don't think most SPV servers are going to rebroadcast transactions because that is not what they are designed to do.

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July 14, 2015, 06:38:15 PM
 #22

Now I don't really have a proper understanding of the blockchain technology so please forgive me if this doesn't make sense.

I read somewhere that it would be more effective to increase block frequency rather than block size. Does anyone know about this?

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July 15, 2015, 06:04:24 AM
 #23

Now I don't really have a proper understanding of the blockchain technology so please forgive me if this doesn't make sense.
Feel free to educate yourself.  You can check out the bitcoin wiki for a good start
Quote

I read somewhere that it would be more effective to increase block frequency rather than block size. Does anyone know about this?

Block frequency isn't going to be changed.  That's one of the important things that's held constant.  Difficulty is changed regularly in order to maintain that frequency.  Block rewards are phased out after a certain time period with that frequency in mind.  It just wouldn't happen.  If you do a little search, you can find pages and pages of threads of people debating the block size increase.  I'm going to lock this thread now as my question is more or less answered and I've found other threads discussing the volume increase this week.  Thanks for the replies folks, and ShamrockHannah, I'm sure you'll find a proper thread for your question soon, it's not really on topic in here.

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