banque (OP)
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July 21, 2014, 07:36:20 PM |
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So I'm still trying to make sense of blockchain.info charts and stats
They claim 35K or so transactions a day usually of 70K average
They claim their average transaction is volume a day is 80K
So over 2 BTC per transaction
I doubt the average transaction is 1200 bucks
Anyone else having issues with the data being out from 'trust' sites
Is there a better site for volume of data
2+btc a transaction seems high
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Lauda
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July 21, 2014, 07:58:58 PM |
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Exchanges or other services tend to transfer a lot of coins at once.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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Bitcoinfraud
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July 21, 2014, 08:47:11 PM |
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They're not an exchange it gives away free wallets They claim 2m in circ They claim 70k btc global trans day They claim 35k a day my wallet They claim 80k btc on 35k trans day
So none of these blockchain.info numbers add up
Look at the site a joke
No real info
Just some undefined charts
No info about the hong group that is on the whois No real info about anything
Yet theyre one of the top btc sites?
They leased out bitcoin.com 5 years
Why not by it?
Unless yoy know you use fuzzy math and you're the company building the hype
In principal btc is great
Blockchain.info is huge red flag, the numbers dont make sense
Now blockchain could be complete scam
It wont stop btc at this point in my opinion
Is there another central data point for bitcoin that has better numbers that look real
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farlack
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July 21, 2014, 08:50:24 PM |
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So I'm still trying to make sense of blockchain.info charts and stats
They claim 35K or so transactions a day usually of 70K average
They claim their average transaction is volume a day is 80K
So over 2 BTC per transaction
I doubt the average transaction is 1200 bucks
Anyone else having issues with the data being out from 'trust' sites
Is there a better site for volume of data
2+btc a transaction seems high
It's an average.. If you send 1 bitcoin, I send 30,000, its now an average of 15,000 per transaction. Yeah, some wallets do move those amounts all the time.
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Bitcoinfraud
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July 21, 2014, 09:01:38 PM |
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On credit cards the avg trans 30 bucks You look up the top transactions wallets they show 90%+ satoshidice addresses All that satoshidice stuff small So nothing makes sense if you start to look at the numbers like a cpa
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farlack
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July 21, 2014, 09:13:13 PM |
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It doesn't really matter.. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi60.tinypic.com%2F282qg8.jpg&t=665&c=o9uiCSX43o9t-A) The last 10 transactions from when this screen shot was taken.. 77.4 bitcoins were sent.. An average of 7.74BTC per transaction. It's simple math ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi62.tinypic.com%2Fn557ie.jpg&t=665&c=KTcVmgea9RnOcQ) 36.9 sent an average of 3.69 per transaction
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franky1
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July 21, 2014, 09:37:30 PM |
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last 24 hours total bitcoin moved 440125 total transactions 63713 todays average bitcoin per transaction is....... drum roll..............= 6.90793088 btc per tx .. moving on
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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jbrnt
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July 21, 2014, 09:43:02 PM Last edit: July 23, 2014, 02:41:11 AM by jbrnt |
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It's an average!
That includes all dust transactions from faucets, exchanges trades, gambling sites moving from cold to hot wallets, and also coin mixing. You could also count the one off auction of silk road coins too.
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malevolent
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July 21, 2014, 09:46:22 PM Last edit: July 22, 2014, 01:06:55 PM by malevolent |
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It's high due to change addresses. Without that, I think it would be considerably lower.
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Signature space available for rent.
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Bitcoinfraud
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July 21, 2014, 09:53:50 PM |
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Ok Watched a stream 9 fractions then a 10 or 30 So it could avg 2 But then you see this http://blockchain.info/popular-addressesIts all Ddos attack junk Satoshi dice Minor fraction stuff 10btc or 30btc not a lot of dough if big money moving in But you look at the top trans wallets its low fraction satoshidice Ddos stuff Main thing I would like is simple How big is ledger now 100gb? 10 terrabyte? How big Plus avg byte size of a transaction in ledger 10bytes 100bytes 10% the size of visa mc Thats 80m trans a day 10bytes 800mb day 100bytes 8gb day So cintinuous logs an issue if you do numbers I know early net my network only did 1m pages a day 15 log entries each page Era of split images since data over phones then 15m lines in a daily log Huge logs This was early commercial net Our logs were unmanageable Major storage problem You understand what size servers used as typical drives in 1990' Lol Tiny So anyone got a clue as to how much data storage each trans sucks up
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acs267
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July 21, 2014, 09:59:57 PM |
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They're not an exchange it gives away free wallets They claim 2m in circ They claim 70k btc global trans day They claim 35k a day my wallet They claim 80k btc on 35k trans day
So none of these blockchain.info numbers add up
Look at the site a joke
No real info
Just some undefined charts
No info about the hong group that is on the whois No real info about anything
Yet theyre one of the top btc sites?
They leased out bitcoin.com 5 years
Why not by it?
Unless yoy know you use fuzzy math and you're the company building the hype
In principal btc is great
Blockchain.info is huge red flag, the numbers dont make sense
Now blockchain could be complete scam
It wont stop btc at this point in my opinion
Is there another central data point for bitcoin that has better numbers that look real
Actually, I think around two million Bitcoins are in circulation. And you're saying Blockchain is a scam, when they don't even have access to the wallets? If they don't want to buy a domain, that's that. The 'whois' under the transactions only tells where the server used is located. How is Blockchain a joke? Have you ever used Blockchain? By the way, could you stop pressing tab after every sentences? It irritates me when people do this: Looked at lunchbox grabbed coke Drank the coke. Teddy fisher ate my dollar coke ---- By the way, why are you just using a Alt Account to reply?
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Bitcoinfraud
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July 21, 2014, 10:04:38 PM |
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Yeah moveouts That makes sense Collect fractions Move out 10btc to 50btc at a time Nice Ok avg trans size not that important But trans perday is Imo
Also data needs each transaction
Trying to understand the ledger size issue
Any built in safeguards in core code
We dump data after x size
You cant keep rolling it
Only a few super computers have huge storage
So exponential growth mandates archiving of data at some point Imo
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TimS
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July 21, 2014, 10:06:45 PM Last edit: July 21, 2014, 10:21:28 PM by TimS |
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It doesn't really matter.. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi60.tinypic.com%2F282qg8.jpg&t=665&c=o9uiCSX43o9t-A) The last 10 transactions from when this screen shot was taken.. 77.4 bitcoins were sent.. An average of 7.74BTC per transaction. It's simple math Yep. What might be more interesting is the median transaction size. In these 10, it was 0.059760955, or ~$37, similar to credit cards' $30. It's also good to note that if I spend a 1 BTC output with 0.1 BTC to someone and 0.9 BTC back to me, that might be recorded as a 1 BTC transaction volume (or 0.1 or 0.9, but probably 1.0), even though only 0.1 BTC really changed hands, so a simple average of "how many BTC spent" / "how many transactions" will always overestimate the "actual" transaction size. Also interesting about this: since transaction fees are typically 0.0001, the median transaction fee is only about 0.17%.
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Minecache
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July 21, 2014, 10:09:10 PM |
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I imagine the transaction costs are tiny and yet to get even more insignificant as the cost per bitcoin transaction is set while hardware and memory prices plummet. Remember most transaction are being moved to memory processing. If a transaction confirms 10 then it's 10 if it confirms 1 then it's 1.
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Harley997
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July 21, 2014, 11:08:35 PM |
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It's high due to change addresses. Without that, I think it would have been considerably lower.
IIRC blockchain.info tries to exclude the amounts going to change addresses when estimating the amount of BTC transacted. This is obviously not perfect but does make the average TX a better representation of what is actually being used for commerce.
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shorena
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July 22, 2014, 05:27:08 AM |
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-snip- I doubt the average transaction is 1200 bucks -snip-
I think what you want is the median, the typtical transaction, not the average. The average can change drastically due to few extreme values. If 99 TX are 1 BTC and 1 TX is 1000 the average is 10.99 while the median is 1. Just think of all the TX in a long line ordered by volume, pick the one in the middle, thats your median.
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Im not really here, its just your imagination.
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harles9
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July 22, 2014, 05:59:16 AM |
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Pretty sure there's a lot of mixing going on with some pretty big BTC. Outliers my friend.
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techlover
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July 23, 2014, 12:50:49 AM |
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Compared with average, i think Median will be the more appropriate for comparison. A transaction of 30,000 coins few weeks ago can drive the average to the sky
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applesRyummy
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July 23, 2014, 12:53:24 AM |
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-snip- I doubt the average transaction is 1200 bucks -snip-
I think what you want is the median, the typtical transaction, not the average. The average can change drastically due to few extreme values. If 99 TX are 1 BTC and 1 TX is 1000 the average is 10.99 while the median is 1. Just think of all the TX in a long line ordered by volume, pick the one in the middle, thats your median. the typical transaction is the "mode" or the number this is most common.
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franky1
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July 23, 2014, 01:05:20 AM |
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using bitcoin charts i averaged the 24 average of yesterday.
but lets raise the bar....
5 years of transactions.
average transaction per day is ~30k average bitcoins moved per day ~400k
average bitcoins is ~13.3 per transaction.
alot of you will say, nah its its got to be higher. well if you remember the slow days of 2009-2011... then although there have been big days since 2012-now. the average is as i put it above, roughly
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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