Blockchain.info : Number Of Unique Addresses Used.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Pursuer on February 08, 2018, 12:19:27 PM

Quote from: stompix on February 08, 2018, 10:27:43 AM

Did you just add the numbers?Isn't that creating duplicates?

yes that is the result of "SUM(B:B)" in the CSV file, and I did some search afterwards and it seems like the chart on blockchain.info is not quite clear! in fact there is the exact same question being asked here:
https://bitcoin.stackexchange.com/questions/46346/how-can-the-number-of-unique-addresses-decline

if you look at dates and number of addresses (column A and B) there has been 14 addresses used until 1/9/2009 which is this block https://blockchain.info/block/0000000080f17a0c5a67f663a9bc9969eb37e81666d9321125f0e293656f8a37 with height 14 or 14 coinbase transactions or 14 addresses with balance in them. that is why I simply added the numbers.

Based on the first blocks the number of unique addresses is indeed that for the first days as each generated address was used for the first time.

Unfortunately right now I can't compare the days when there were transactions to see if a unique address that received funds on both 16th and 17th it is counted only once or it is counted on both days.

Blockchair is a better tool for this
https://blockchair.com/bitcoin/transactions?s=time(asc)
~~I'll play a bit with it in the weekend., can't do that on a smartphone~~

Yeah, you were right, that's the number of unique outputs:
https://blockchair.com/bitcoin/outputs?s=value_usd(desc)

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: stompix on February 08, 2018, 10:27:43 AM

Did you just add the numbers?Isn't that creating duplicates?

yes that is the result of "SUM(B:B)" in the CSV file, and I did some search afterwards and it seems like the chart on blockchain.info is not quite clear! in fact there is the exact same question being asked here:
https://bitcoin.stackexchange.com/questions/46346/how-can-the-number-of-unique-addresses-decline

if you look at dates and number of addresses (column A and B) there has been 14 addresses used until 1/9/2009 which is this block https://blockchain.info/block/0000000080f17a0c5a67f663a9bc9969eb37e81666d9321125f0e293656f8a37 with height 14 or 14 coinbase transactions or 14 addresses with balance in them. that is why I simply added the numbers.

Booooooo

member

Activity: 107

Merit: 10

Quote from: sm86 on February 08, 2018, 07:12:22 AM

The graph is not always increasing. Is there any metric which can give us a measure as the proxy for the number of Users in any network?
I thought unique address used so far can be a measure, but that metric is not available on blockchain.info

I would not advise using blockchain.info as a purse. Maximum, you can use its currency converter and monitor transactions on the bitcoin network. To store your funds, use Electrum, Trezor, Ledger or BitcoinCore.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Pursuer on February 08, 2018, 07:25:26 AM

if you are looking at this chart: https://blockchain.info/charts/n-unique-addresses
it is showing number of unique addresses that are used per day not the total of them which is why it goes up and down instead of always going up. and that is because each day there is different number of transactions made by thousands of different people from different wallets. so some days there are a little more and some days are a little less new (unique) addresses used.

if you want the total, then you can click on the ALL Time and then export the CSV file and probably get the total from that file. here is the link: https://api.blockchain.info/charts/n-unique-addresses?timespan=all&format=csv
it seems the answer is 283,562,620 if I am not mistaken and blockchain.info can be trusted!

Did you just add the numbers?Isn't that creating duplicates?
Interesting thing is that it is pretty close to the number of total transactions stored in the chain, which is close to 298 000 000.

But back to the question the OP has, the number of addresses is not a good way of analyzing the number of users.

You have some info here:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
There are around 17 million addresses with a balance worth more than 1$.
But again that might be irrelevant as I have around 7 myself with more than that.

The only way I see to somehow get a picture would be the number of daily transactions.
To be a "user" it means to make transactions, pay per stuff, use the coins , not HODL.
And it doesn't matter if a tx in this case has 30 outputs. Because unless those 30 receivers spend the coins they are still considered holders.

But even this is pretty inaccurate.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

if you are looking at this chart: https://blockchain.info/charts/n-unique-addresses
it is showing number of unique addresses that are used per day not the total of them which is why it goes up and down instead of always going up. and that is because each day there is different number of transactions made by thousands of different people from different wallets. so some days there are a little more and some days are a little less new (unique) addresses used.

if you want the total, then you can click on the ALL Time and then export the CSV file and probably get the total from that file. here is the link: https://api.blockchain.info/charts/n-unique-addresses?timespan=all&format=csv
it seems the answer is 283,562,620 if I am not mistaken and blockchain.info can be trusted!

sm86

newbie

Activity: 3

Merit: 0

The graph is not always increasing. Is there any metric which can give us a measure as the proxy for the number of Users in any network?
I thought unique address used so far can be a measure, but that metric is not available on blockchain.info

Topic: Blockchain.info : Number Of Unique Addresses Used. (Read 162 times)