HOW DO MINERS PICK TRANSACTIONS | Bitcointalksearch.org

Beerwizzard

full member

Activity: 924

Merit: 148

Quote from: Vivisector999 on August 02, 2017, 06:21:56 PM

Miners don't pick themselves.

All done by algorithm. I have a feeling its based on transaction price, but I could be wrong.

Ya, it's based by transaction fee but pools still can pick different transactions. Thats how different transaction accelerators work ( like this one https://pool.viabtc.com/tools/txaccelerator/ ). They are just setting a minimum transaction fees to acclerate only good ones.

CaVO32

full member

Activity: 1848

Merit: 158

the miner turns on their machine... and sends their hashrate to a place and they pay if his hashrate is high enough and he is there long enough... he dont pick and chose transactions , all a miner knows is how to turn on a machine and leave that machine running and nothing more!

Vivisector999

hero member

Activity: 541

Merit: 500

Miners don't pick themselves.

All done by algorithm. I have a feeling its based on transaction price, but I could be wrong.

altcoinboss177

newbie

Activity: 28

Merit: 0

You wrote:
So you need to wait for a certain amount of time until a miner decided to pick your transaction out of all of those sitting around in the mempool.
How do miners actually decide and pick? Do they browse through the mempool online and pick transactions they like, or is it done automatically by an algorithm.
Regards

Topic: HOW DO MINERS PICK TRANSACTIONS (Read 373 times)