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
Topic: Avg Transaction? (Read 1087 times)
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I doubt the average transaction is 1200 bucks
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I doubt the average transaction is 1200 bucks
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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.
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
A transaction of 30,000 coins few weeks ago can drive the average to the sky
Pretty sure there's a lot of mixing going on with some pretty big BTC.
Outliers my friend.
Outliers my friend.
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I doubt the average transaction is 1200 bucks
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I doubt the average transaction is 1200 bucks
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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.
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. 
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.
It doesn't really matter..
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.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
Also interesting about this: since transaction fees are typically 0.0001, the median transaction fee is only about 0.17%.
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
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
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
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?
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-addresses
Its 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
Watched a stream
9 fractions then a 10 or 30
So it could avg 2
But then you see this
http://blockchain.info/popular-addresses
Its 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
It's high due to change addresses. Without that, I think it would be considerably lower.
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.
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.
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
total bitcoin moved 440125
total transactions 63713
todays average bitcoin per transaction is....... drum roll..............= 6.90793088 btc per tx
.. moving on
It doesn't really matter..
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
36.9 sent an average of 3.69 per transaction
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
36.9 sent an average of 3.69 per transaction
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
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
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
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.
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
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
Exchanges or other services tend to transfer a lot of coins at once.
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
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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