Just ask individual/organization/company to recruit software developer who have experience with bitcoin as well to make the application which can run automatically 
i don't get your reply, i'm not asking how to do it..
Topic: [Poll] Yearly Service Cost for all transactions fees from 1 million addresses? (Read 373 times)
October 17, 2016, 09:44:13 AM
i don't get your reply, i'm not asking how to do it..
October 17, 2016, 08:35:19 AM
This is a pure mathematics and there is a formular for it.
1,000,000 address = A
Number of transactions on address = B (this might also have an average because some account could do more transactions than others)
Bitcoin network charge per transaction = C
You can complete the rest on your own.
1,000,000 address = A
Number of transactions on address = B (this might also have an average because some account could do more transactions than others)
Bitcoin network charge per transaction = C
You can complete the rest on your own.
yes i know, already provided an average for bitcoin as a whole in yesterday's edit.
The thing is, the number of transactions would depend on the users' activity and the services you provide, so basically on the your "business expectation". Which is what i'm interested in.
Because, for example with the transaction fees average, if you can gain $30k/million/year doesn't mean you'll pay $1/10/20k for it. Given that you're the one generating all of that revenue.
October 17, 2016, 02:40:42 AM
This is a pure mathematics and there is a formular for it.
1,000,000 address = A
Number of transactions on address = B (this might also have an average because some account could do more transactions than others)
Bitcoin network charge per transaction = C
You can complete the rest on your own.
1,000,000 address = A
Number of transactions on address = B (this might also have an average because some account could do more transactions than others)
Bitcoin network charge per transaction = C
You can complete the rest on your own.
October 16, 2016, 08:19:47 PM
Hello to all,
So i'm trying to figure out how much would someone (individual/organization/company) value a yearly, renewable, service that allows them to manage 1 million unique addresses.
This someone can provide all additional services it wants besides the normal transactions that each person can already perform.
And it can set and receive in their entirety, all of the fees associated to transactions involving those addresses (either between them or with external addresses).
In exchange it has to provide a node through which all the transactions created by the managed addresses are relayed to the network.
Of course, for now this isn't possible to perform with Bitcoin, however i was wondering how much do you think such service could be worth.
An analogy would be developing a Wallet with all the services you want, but limited to 1million users/key pairs, and in exchange you receive all transaction fees associated as it is used by your clients.
Some assumptions:
• no fees go the miners and there are no block rewards, all transactions are registered regardless;
• addresses can still be created by individuals or controlled and provided by you (like with websites that offer wallets/accounts);
• people cannot bypass you to avoid your fees.
To give a little perspective, based on blockchain.info charts, there are less 300 million unique addresses.
And this last year 9.3 million USD were paid as fees without block rewards, which results in $30k/million/year.
With rewards, total paid fees reach 563 million USD, which results in $1.9million/million/year.
Thanks for your responses and sorry for the vagueness
So i'm trying to figure out how much would someone (individual/organization/company) value a yearly, renewable, service that allows them to manage 1 million unique addresses.
This someone can provide all additional services it wants besides the normal transactions that each person can already perform.
And it can set and receive in their entirety, all of the fees associated to transactions involving those addresses (either between them or with external addresses).
In exchange it has to provide a node through which all the transactions created by the managed addresses are relayed to the network.
Of course, for now this isn't possible to perform with Bitcoin, however i was wondering how much do you think such service could be worth.
An analogy would be developing a Wallet with all the services you want, but limited to 1million users/key pairs, and in exchange you receive all transaction fees associated as it is used by your clients.
Some assumptions:
• no fees go the miners and there are no block rewards, all transactions are registered regardless;
• addresses can still be created by individuals or controlled and provided by you (like with websites that offer wallets/accounts);
• people cannot bypass you to avoid your fees.
To give a little perspective, based on blockchain.info charts, there are less 300 million unique addresses.
And this last year 9.3 million USD were paid as fees without block rewards, which results in $30k/million/year.
With rewards, total paid fees reach 563 million USD, which results in $1.9million/million/year.
Thanks for your responses and sorry for the vagueness
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