Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 04/04/2016, 18:51:07 UTC
Quote from: Andre# on April 03, 2016, 08:08:48 AM
Quote from: JayJuanGee on March 06, 2016, 07:32:25 PM
Quote from: Andre# on March 06, 2016, 02:20:25 PM
Quote from: Morecoin Freeman on March 06, 2016, 01:11:26 PM
Bitcoin looking healthy again.

Yes, and blocks are still maxxed out.


The blocks are hardly maxed out ----- unless you are just making up shit in order to attempt to exaggerate some problem that is not even close to what the loud mouth FUDsters are attempting to portray.


Blocks floating around 65% at the moment... ... but they had  experienced some peaks approaching 90% in recent days (within the past week)

https://blockchain.info/charts/avg-block-size?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=


Good news, someone Bitmain Technologies Ltd. put up some nice graphs to monitor the fullness of blocks (not blockchain.info, but I hope you can give others a chance as well).

https://www.btc.com/en/stats/block-size

Of the past three months it shows

  • the median daily blocksize
  • the average daily blocksize
  • the number of daily transactions
  • the sum of daily blocksize

It also shows monthly graphs for all time as well. I think that once the median monthly blocksize hits 1 MB, it can be said that blocks are definitely full. For the first three months of this year it was around 933 kB, or 93%.

I know that the party line stipulates that many if not most of the transactions are spam and shouldn't be counted. But that's a different topic. Wink




Thank you for providing more information about possible sources to support some of the arguments that you had been making (regarding blocksizes being full).

Some of the data on that site make little sense to me, however.  I don't really understand how they are calculating average blocksize as compared with median blocksize, and why there would be a difference between those two concepts (except through their definition of such).

I believe that some of our valid criticism of blockchain.info has been that blockchain.info does not seem to be allowing for more granular analysis of blocksize, transaction fees and confirmation times, and so far, I cannot recognize that the various graphs of your provided site having more granular analysis.

Actually, if there were a way to break down into 4, 6 or 12 hour intervals would cause some additional ability to analyze whether there are periods in which transactions are taking longer to go through...   Possibly, at some point, these kind of time issues will no longer be issues, because at this point, I personally can understand that sometimes it may take an hour to confirm paid transactions and it could take half a day to confirm low or no fee transactions...