How Many Bitcoin Transactions are <$100

[murdochgat]

I'm curious to know how many bitcoin transactions processed are less than say $100 USD. Can anyone help me out?

[SmartIphone]

I'm curious to know how many bitcoin transactions processed are less than say $100 USD. Can anyone help me out?

It's really hard to count them, don;t know if a similar tool exists, but checking on blockchain, there is shown the value of bitcoin at the moment when the transaction was made so, few years back $100 worth of bitcoin now costs more.

[murdochgat]

Thanks! Yeah, I agree and that makes sense. Well, the price for about the last year has been pretty stable...I couldn't find any charts on blockchain that show like average transaction size or value. I've heard people quote "70% of transactions are <$100" ie. changetip, satoshidice etc. but I haven't found a way to source and confirm that...

[FruitsBasket]

I'm curious to know how many bitcoin transactions processed are less than say $100 USD. Can anyone help me out?

it is random, because you will not know how much people will spend.
Also, why would u want to know this?

[murdochgat]

Random as in you don't really know if someone is paying by using multiple tx? That I agree with. But i'm more concerned about the average transaction by anyone using it.

I'm trying to verify the evidence that Ive read in support of The Lightning Network stating those micro-transactions should be off-chain. I want to know if its true that as many as 70% are <$100.

[mocacinno]

Also, you have to realise a lot of those <100$ transactions will probably be coins being sent back to a change address of the original sender... So it'll be pretty hard to know how much money actually changed hands.

[btc_enigma]

Also, you have to realise a lot of those <100$ transactions will probably be coins being sent back to a change address of the original sender... So it'll be pretty hard to know how much money actually changed hands.

Good point ! Exact amount of tx made is difficult to find out.

[shorena]

Random as in you don't really know if someone is paying by using multiple tx? That I agree with. But i'm more concerned about the average transaction by anyone using it.

I'm trying to verify the evidence that Ive read in support of The Lightning Network stating those micro-transactions should be off-chain. I want to know if its true that as many as 70% are <$100.

step 1: know which output is change and which is not. Just pulled one from bc.i

-> https://blockchain.info/tx/ab9e6602eb6e94e23655cd723a4e8f41974414452e3a8043a778afa737835808

Does it pay 0.01 btc or 174.... btc? Most likely 0.01 since its a round number, lets take another one

-> https://blockchain.info/tx/9a922e6c2db4b5ad2d6550ed09f2fadf87ccec5535d88979da144b179f59aacb

now which is the change and which is the payment?

Unless you can resolve this, you cant find an answer to your question.

[amaclin]

...lets take another one
-> https://blockchain.info/tx/9a922e6c2db4b5ad2d6550ed09f2fadf87ccec5535d88979da144b179f59aacb
now which is the change and which is the payment?

It does not matter. Both outputs are less than $100. (See original question) 

[shorena]

...lets take another one
-> https://blockchain.info/tx/9a922e6c2db4b5ad2d6550ed09f2fadf87ccec5535d88979da144b179f59aacb
now which is the change and which is the payment?

It does not matter. Both outputs are less than $100. (See original question) 

Still, are these two transactions because its a CoinJoin/Mixer TX or is this a single one? OP will have to decide what they want to see as what. Once they have done that its simple to write a few lines script that will answer their question.

[amaclin]

Still, are these two transactions because its a CoinJoin/Mixer TX or is this a single one? OP will have to decide what they want to see as what. Once they have done that its simple to write a few lines script that will answer their question.

Yes.
I only want to say that the original task is not unsolvable.
It can be solved. Not exact, but with some assumptions and defined accuracy.
Usually, we do not need the exact values.
I think that the answer
"There are N%...M% transactions transferring less than $100 and the probability is X"
may be acceptable

[dodadoo]

Random as in you don't really know if someone is paying by using multiple tx? That I agree with. But i'm more concerned about the average transaction by anyone using it.

I'm trying to verify the evidence that Ive read in support of The Lightning Network stating those micro-transactions should be off-chain. I want to know if its true that as many as 70% are <$100.

step 1: know which output is change and which is not. Just pulled one from bc.i

-> https://blockchain.info/tx/ab9e6602eb6e94e23655cd723a4e8f41974414452e3a8043a778afa737835808

Does it pay 0.01 btc or 174.... btc? Most likely 0.01 since its a round number, lets take another one

-> https://blockchain.info/tx/9a922e6c2db4b5ad2d6550ed09f2fadf87ccec5535d88979da144b179f59aacb

now which is the change and which is the payment
Thanks so much For explain that

Unless you can resolve this, you cant find an answer to your question.

[jrpatking]

You can create a small script to filter out transactions based on bitcoin amount. However, the bitcoin/usd price varies from time to time. It is hard to predict how much bitcoin is $100 USD worth on various times.

[marcus_of_augustus]

http://rusty.ozlabs.org/?p=500
... you're looking for data presented in here.

[SITIENEI]

I am interested as well.

[defcon23]

I'm curious to know how many bitcoin transactions processed are less than say $100 USD. Can anyone help me out?

what is the interest to know that ? you still can crawl the blockchain since a defined date , and you should have your answer dude.. 

[KenR]

There is no way you can make out .There is not even a suitable way of keeping a track of the transactions that happens on daily basis except for the exchanges.You can manually check the blocks and keep track of all the transactions which are <$100,the probability is just random.

P.S Why would you want to track only the transaction <$100 ?

[Jeremycoin]

I believe, it's more than 75% of the total transactions has been made. Because just like me, I rarely(never) send a transaction that has a value more than $100.

[shorena]

-snip-
Why would you want to track only the transaction <$100 ?

Probably as an argument for or against micro payments. Payments over 100 USD are certainly not micro payments, thus an answer to the question could be an argument in a discussion.

[Hazir]

http://rusty.ozlabs.org/?p=500
... you're looking for data presented in here.

This info won't answered our question directly.

If we classify everything under $100 as micro payment then I think there won't be many transaction in the bitcoin network left to count.
Even thought blockchain is a public and transparent ledger it is very hard to monitor every transaction to see how many of them are not dust and operate on numbers.