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Topic
Board Development & Technical Discussion
Merits 153 from 16 users
Topic OP
Writeups of my Mempool Observations
by
0xB10C
on 03/05/2020, 14:26:54 UTC
⭐ Merited by ETFbitcoin (46) ,LoyceV (30) ,joniboini (20) ,ABCbits (17) ,suchmoon (7) ,gmaxwell (5) ,darosior (5) ,hugeblack (5) ,o_e_l_e_o (4) ,harding (4) ,Coding Enthusiast (3) ,ranochigo (2) ,fillippone (2) ,MagicByt3 (1) ,DougM (1) ,vapourminer (1)
I've recently started to write up some of my observations I had on my Bitcoin Transaction Monitor project (https://mempool.observer/monitor).
I write about activity on the network I find interesting and worth sharing.

The first one is about fees-sniping and why transactions are time-locked to the current block height.
I expected something like this when plotting transactions by their arrival time and locktime:

https://b10c.me/data/mo/mo1-locktime-stairs/expected-pattern.png

However, it turned out that some of the transactions I observed were even time-locked to the next block.
These should have normally not been relayed to me.

The full write up can be found here:

The stair-pattern in time-locked Bitcoin transactions - The off-by-one-error that covered another off-by-one-error up - https://b10c.me/mempool-observations/1-locktime-stairs/

Will post more here if there is interest.