Wow, this looks awesome - many thanks
Topic: 0 confirmation confidence (of block inclusion) (Read 1418 times)
Wow, this looks awesome - many thanks
Consider me to be uninitiated - is this relevant only if I'm a miner, or if I'm running any full node?
Pfft. If you were a miner 99% chance you've never seen a full node in your life. Any full node can call that rpc, and only full nodes can call that rpc.Ok, understood. And if this call indicates a positive response for a given transaction, how much overall confidence does it give you about inclusion likelihood?
Anyone know about this?
I'd really like to some kind of metric about block inclusion likelihood for a given transaction.
A lot depends on the priority of the transaction, number of transactions queued etc. Generally, if you were to calculate the priority for each transaction, that would give you a good metric showing which ones were most likely to be included sooner than others. e.g. you could say, transaction A is most likely to be included while transaction Z is least likely. I am not sure if there are statistics about it.
It could be calculated if you were to run a full node, calculate the priority when you see a transaction, and then see how long it takes a transaction of a particular priority to be included in a block. Doing that for a while would let you create statistics - e.g. perhaps by 20% baskets and then you could say, the top 20% are included within X time with a confidence interval of Y. Then for each of the other baskets.
e.g. Look for priority calculations
https://en.bitcoin.it/wiki/Transaction_fees
Consider me to be uninitiated - is this relevant only if I'm a miner, or if I'm running any full node?
Pfft. If you were a miner 99% chance you've never seen a full node in your life. Any full node can call that rpc, and only full nodes can call that rpc.Ok, understood. And if this call indicates a positive response for a given transaction, how much overall confidence does it give you about inclusion likelihood?
Anyone know about this?
I'd really like to some kind of metric about block inclusion likelihood for a given transaction.
Consider me to be uninitiated - is this relevant only if I'm a miner, or if I'm running any full node?
Pfft. If you were a miner 99% chance you've never seen a full node in your life. Any full node can call that rpc, and only full nodes can call that rpc.Ok, understood. And if this call indicates a positive response for a given transaction, how much overall confidence does it give you about inclusion likelihood?
Consider me to be uninitiated - is this relevant only if I'm a miner, or if I'm running any full node?
Pfft. If you were a miner 99% chance you've never seen a full node in your life. Any full node can call that rpc, and only full nodes can call that rpc. Is there anything in bitcoind RPC (or even an external service, blockchain.info etc) which would let me get an idea about how many miners have a particular transaction in their mempool? Or even some other metric of 0 confirmation transaction confidence?
You can call getblocktemplate to see if your own node is attempting to mine it in the current block.Consider me to be uninitiated - is this relevant only if I'm a miner, or if I'm running any full node?
Is there anything in bitcoind RPC (or even an external service, blockchain.info etc) which would let me get an idea about how many miners have a particular transaction in their mempool? Or even some other metric of 0 confirmation transaction confidence?
You can call getblocktemplate to see if your own node is attempting to mine it in the current block.
Is there anything in bitcoind RPC (or even an external service, blockchain.info etc) which would let me get an idea about how many miners have a particular transaction in their mempool? Or even some other metric of 0 confirmation transaction confidence?
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