Do you think we can clear 288,000 transactions in a mere 24 hours? I suppose it's 48 hours if you account for the time frame from the earliest timezone hitting Christmas Eve to the last timezone that completes that same day. There's are 24 time zones across the globe.
I am not good at maths so maybe you can help me
60 seconds in a min so that's 3,600 per hour and we times that by 24 to give a total of 86,400 seconds a day
Now it get complicated processing the transactions because we don't have any dead periods waiting for new orders
to arrive so instead of processing seven a second like the max speed is on BTC we will call it eight instead for the reason given.
86,4000 X 7 = 604,800 without me even having to cook the numbers so maybe you can help me
with my mistake b/cus i am useless when it comes to maths
Just think these miners will be sitting in the cold after about (top of head) eight hours because they use these
power hungry mining devices to heat the room they are working in and they won't have much work to do.
You're math is close.
3,600 seconds per hour, which also means 86,400 seconds per day. If we divide 86,400 by 7 we'll have the number of 7-second intervals = 12,342 "transaction processing intervals" within 24 hours. Now we need to see how many unconfirmed transactions need to be squeezed into each of these "transaction processing intervals".
288,000 unconfirmed transactions / 12,342 transaction processing intervals = 23 transactions that need to clear every 7 seconds for 24 hours straight to have gotten through all the unconfirmed transactions.
Now this DOESN'T take into account the number of miners or the fact that the period. I think this is doable. We need 23 miners online clearing nothing but the unconfirmed transactions to clear them all. We can do this!
Now, where is the tally of unconfirmed transactions? How can we measure success? IF it doesn't work for Christmas day we should ramp up the promotion and hype to occur on New Year's Day - which is more recognized across the entire world. No new transactions on New Year's Day!