Quote from: kano on August 08, 2017, 04:24:19 AM

Quote from: oawan on August 08, 2017, 04:08:39 AM

Quote from: kano on August 07, 2017, 09:18:14 PM

Quote from: oawan on August 07, 2017, 04:06:32 PM

Quote from: kano on August 07, 2017, 03:15:44 PM

Well ... this way you get them faster ... ...
I mentioned before that I'll continue it while it keeps working ... i.e. the payouts contine to be confirmed faster

It's also more efficient. Because if we get even a moderately decent time block like 10 min since previous, we probably end up earning an extra $~30 in TX fees for the space that would have been taken up by one payout.

Well that might have been the case for a while before when fees were high, and blocks were full, (and the price was lower) but blocks are now filling up with zero or almost zero fee transactions, so our payouts don't push much out off the end

BLOCK! by pangborn

And by my calculations the lowest fee in that block was ~93 sat/byte. 4 payouts would have displaced 0.10416 BTC or $357. So that was ~$6 well spent!

It was a 21minute network block, so it had twice as long to throw out cheap transactions and replace them with more expensive ones as they came out on the network.

That's also why the tx fees are high 13.98 BTC block (yes that's now considered high)

However ... 93 sat/byte wasn't the lowest ... e.g. the last transaction in the block was 6.57 sat/byte and I'm not 100% sure of the ordering i.e. is it lowest last? I've never checked

Edit: no it's not ordered highest to lowest fee/byte, the 2nd last one was 268 sat/byte

Interesting. I wonder if there is a tool to determine the lowest fee transactions in blocks. It would seem the 6.57 sat/ byte transaction was some kind of anomaly or something since it looks like according to this https://jochen-hoenicke.de/queue/#2h the block at 20:52 didn't quite break into the blue 80-100 layer.