How Many Bitcoin Transactions are <$100 - page 2.

shorena

copper member

Activity: 1498

Merit: 1562

No I dont escrow anymore.

Quote from: murdochgat on March 25, 2016, 05:48:01 PM

Random as in you don't really know if someone is paying by using multiple tx? That I agree with. But i'm more concerned about the average transaction by anyone using it.

I'm trying to verify the evidence that Ive read in support of The Lightning Network stating those micro-transactions should be off-chain. I want to know if its true that as many as 70% are <$100.

step 1: know which output is change and which is not. Just pulled one from bc.i

-> https://blockchain.info/tx/ab9e6602eb6e94e23655cd723a4e8f41974414452e3a8043a778afa737835808

Does it pay 0.01 btc or 174.... btc? Most likely 0.01 since its a round number, lets take another one

-> https://blockchain.info/tx/9a922e6c2db4b5ad2d6550ed09f2fadf87ccec5535d88979da144b179f59aacb

now which is the change and which is the payment?

Unless you can resolve this, you cant find an answer to your question.

btc_enigma

hero member

Activity: 692

Merit: 569

Quote from: mocacinno on March 25, 2016, 05:49:51 PM

Also, you have to realise a lot of those <100$ transactions will probably be coins being sent back to a change address of the original sender... So it'll be pretty hard to know how much money actually changed hands.

Good point ! Exact amount of tx made is difficult to find out.

mocacinno

legendary

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https://merel.mobi => buy facemasks with BTC/LTC

Also, you have to realise a lot of those <100$ transactions will probably be coins being sent back to a change address of the original sender... So it'll be pretty hard to know how much money actually changed hands.

murdochgat

newbie

Activity: 3

Merit: 0

Random as in you don't really know if someone is paying by using multiple tx? That I agree with. But i'm more concerned about the average transaction by anyone using it.

I'm trying to verify the evidence that Ive read in support of The Lightning Network stating those micro-transactions should be off-chain. I want to know if its true that as many as 70% are <$100.

FruitsBasket

legendary

Activity: 1232

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Quote from: murdochgat on March 25, 2016, 05:05:25 PM

I'm curious to know how many bitcoin transactions processed are less than say $100 USD. Can anyone help me out?

it is random, because you will not know how much people will spend.
Also, why would u want to know this?

murdochgat

newbie

Activity: 3

Merit: 0

Thanks! Yeah, I agree and that makes sense. Well, the price for about the last year has been pretty stable...I couldn't find any charts on blockchain that show like average transaction size or value. I've heard people quote "70% of transactions are <$100" ie. changetip, satoshidice etc. but I haven't found a way to source and confirm that...

SmartIphone

legendary

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Quote from: murdochgat on March 25, 2016, 05:05:25 PM

I'm curious to know how many bitcoin transactions processed are less than say $100 USD. Can anyone help me out?

It's really hard to count them, don;t know if a similar tool exists, but checking on blockchain, there is shown the value of bitcoin at the moment when the transaction was made so, few years back $100 worth of bitcoin now costs more.

murdochgat

newbie

Activity: 3

Merit: 0

I'm curious to know how many bitcoin transactions processed are less than say $100 USD. Can anyone help me out?

Topic: How Many Bitcoin Transactions are <$100 - page 2. (Read 4156 times)