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Author Topic: Transaction options for bitcoind  (Read 807 times)
cabin (OP)
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November 02, 2012, 03:52:34 PM
 #1

Are there ways to configure bitcoin.conf so that it only accepts at most say 500 transactions into the next block, or only those transactions with a fee > 0? I thought I remember seeing development on this but not sure where it went and I can't find any recent docs on it.
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November 02, 2012, 06:10:52 PM
 #2

The relevant settings and their default values for recent versions of bitcoind are:

Code:
Maximum size, in bytes, of blocks you create:
blockmaxsize=250000

How many bytes of the block should be dedicated to high-priority transactions,                                                                                                 
included regardless of the fees they pay                                                                                                                                 
blockprioritysize=27000

Minimum block size you want to create; block will be filled with free transactions                                                                                       
until there are no more or the block reaches this size:                                                                                                                 
blockminsize=0

Fee-per-kilobyte amount (in BTC) considered the same as "free"                                                                                                                   
Be careful setting this: if you set it to zero then                                                                                                                     
a transaction spammer can cheaply fill blocks using                                                                                                                     
1-satoshi-fee transactions. It should be set above the real                                                                                                             
cost to you of processing a transaction.                                                                                                                                 
mintxfee=0.0005

So if you set blockprioritysize=0, you will only accept fee-paying transactions.

If you only want to accept 500 or so transactions, set the blocksize to 500 * average transaction size (400 bytes or so) = 200000

The rules for filling up the block are:

First, take the highest priority transactions (regardless of fee) and fill up the block to blockprioritysize.  (if blockprioritysize is zero, then this step does not apply)

Then, take the highest fee-per-kilobyte transactions and continue filling the block until either you run out of transactions with a fee-per-kilobyte greater than mintxfee or the block would be larger than blockmaxsize.

Finally: the rules are likely to change again fairly soon so that groups of related transactions are considered together ("child pays for parent", so customers can send zero-fee transactions to merchants, who can create a child transaction with a fee when they need the transaction to be confirmed).

How often do you get the chance to work on a potentially world-changing project?
cabin (OP)
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November 03, 2012, 12:17:03 PM
 #3

Thanks, those settings are working perfectly for me.
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