Post
Topic
Board Speculation
Re: Automated posting
by
JayJuanGee
on 18/01/2016, 23:44:30 UTC
maybe one has to subtract those blocks that are empty on purpose

Note that I still include the empty blocks for the red-line indicator so it's easy to see with and without that calculation.

The block fullness is actually fairly variable so the averages you get depend very much on your sampling time. Plus the number of blocks in an hour is also somewhat variable. You can have 4 blocks one hour for 98% full and then maybe 10 blocks another hour for an average of 40% full. The problem is, those 10 blocks at 40% don't really help the person who couldn't get their transaction on the chain in the 4-blocks-per-hour time period.

As always, the question has to be, "what am I looking to represent". A daily average might not present a useful number if you're wanting to know about user experience whereas an hourly can give a better insight as that's closer to the timescale for a typical Bitcoin transaction. It doesn't help that the daily average interstate speed was 50mph when an accident means you're stuck in non-moving traffic for an hour.

I haven't looked but transactions may be on a 24 hour cycle also. Low transaction volumes at certain times of the day would contribute to a low daily averages while high volume times may still be having problems that would indicate a need for remediation.

In summary, averages are tricky when it comes to interpretation and divining meaning. Which is why I included the per-block indicator dots.


That is a decent explanation regarding how you are attempting to represent what is going on accurately and without bias, but for some reason, even though you have been explaining in various posts, readers still seem to be a bit confused about what some of the indicators mean.

Can we click on chartbuddy and receive your various explanations concerning what the various numbers, scales, dots and charts represent in a kind of one stop shopping location?

Don't get me wrong, because I am not trying to bust your balls on any of this.  I think that you have been doing a great service to this thread with your creation and updates of chart buddy through the years... and by taking on such tasks, you are likely to receive various unwarranted and comments of non appreciation.