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Topic: Where I can see bitcoin network load ? (Read 1453 times)

sr. member
Activity: 364
Merit: 250
May 20, 2016, 07:53:14 PM
#6
Look on blockchain.info to see how full the blocks are Smiley Anything that is at 1MB for many blocks in a row means the network is near capacity. The long confirmation times for lower fees at the moment means me being the impatient me is just sending TX with a reasonably high fee.
legendary
Activity: 1232
Merit: 1030
give me your cryptos
I mean, sometimes bitcoin network is overloaded and transactions goes too slow. Where I can see this info in numbers ?

I suppose you're talking about the unconfirmed transactions in the mempool...
This site should give you an idear : https://blockchain.info/unconfirmed-transactions

Maybe this is what I want, but how can I estimate bitcoin load using info given on that page ?


Some clarification of what I want: 500 bytes transaction with 0.0001 btc fee was processed in 10 minutes when system was 10% loaded
and 500 bytes transaction with 0.0001  btc fee was processed in 2 hours when system was 90% loaded.

I want to go to some page and see "Bitcoin network is loaded on 90%", then I set fee 0.0002 for 500 byte transaction..

Not exactly what you asked for, but you could use this page: https://bitcoinfees.21.co/
It gives you an estimation of how much satoshi's per byte you should add to get into the next x blocks on average.
Do be carefull: it's up to the miner if he adds your tx to a block or not. He can chose to add a tx with allmost no fees to a block before adding a tx with really high fees per byte, but usually he'll add the ones with the highest satoshi/byte fee

I find www.cointape.com better.

There is no such thing as the network being x% full. It has no storage capacity. Think of it as a queue. Cointape.com will show you how long you transaction should take based on the past hour and the mempool.
hero member
Activity: 896
Merit: 1006
I mean, sometimes bitcoin network is overloaded and transactions goes too slow. Where I can see this info in numbers ?

I suppose you're talking about the unconfirmed transactions in the mempool...
This site should give you an idear : https://blockchain.info/unconfirmed-transactions

Maybe this is what I want, but how can I estimate bitcoin load using info given on that page ?


Some clarification of what I want: 500 bytes transaction with 0.0001 btc fee was processed in 10 minutes when system was 10% loaded
and 500 bytes transaction with 0.0001  btc fee was processed in 2 hours when system was 90% loaded.

I want to go to some page and see "Bitcoin network is loaded on 90%", then I set fee 0.0002 for 500 byte transaction..

Not exactly what you asked for, but you could use this page: https://bitcoinfees.21.co/
It gives you an estimation of how much satoshi's per byte you should add to get into the next x blocks on average.
Do be carefull: it's up to the miner if he adds your tx to a block or not. He can chose to add a tx with allmost no fees to a block before adding a tx with really high fees per byte, but usually he'll add the ones with the highest satoshi/byte fee
full member
Activity: 224
Merit: 100
I mean, sometimes bitcoin network is overloaded and transactions goes too slow. Where I can see this info in numbers ?

I suppose you're talking about the unconfirmed transactions in the mempool...
This site should give you an idear : https://blockchain.info/unconfirmed-transactions

Maybe this is what I want, but how can I estimate bitcoin load using info given on that page ?


Some clarification of what I want: 500 bytes transaction with 0.0001 btc fee was processed in 10 minutes when system was 10% loaded
and 500 bytes transaction with 0.0001  btc fee was processed in 2 hours when system was 90% loaded.

I want to go to some page and see "Bitcoin network is loaded on 90%", then I set fee 0.0002 for 500 byte transaction..
hero member
Activity: 896
Merit: 1006
I mean, sometimes bitcoin network is overloaded and transactions goes too slow. Where I can see this info in numbers ?

I suppose you're talking about the unconfirmed transactions in the mempool...
This site should give you an idear : https://blockchain.info/unconfirmed-transactions
full member
Activity: 224
Merit: 100
I mean, sometimes bitcoin network is overloaded and transactions goes too slow. Where I can see this info in numbers ?
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