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Author Topic: Clusters of transactions on the hour  (Read 865 times)
Hal
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January 28, 2011, 05:33:14 AM
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I listen to the network (via http://bitcointalk.org/index.php?topic=2808.0), and while transactions generally come pretty randomly, there is occasionally a cluster of a dozen or so transactions, coming very quickly, within a second or two. It took me a while to realize that when these happen, it is always the top of the hour. I don't notice them every hour, but several times a day, always on the hour.

Looking at blockexplorer, it looks like these are a series of small payments, a few cents or a few bitcoins, generally from high value transactions near 50 btc. And they each normally have a 0.01 btc transaction fee.

An interesting pattern...

Hal Finney
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David Armstrong
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January 28, 2011, 09:48:57 AM
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Could it be http://mining.bitcoin.cz/ ?

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January 28, 2011, 09:58:31 AM
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Yes, it's me. I just have to explore why I'm paying any transaction fees?

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