Quote from: Yogee on Today at 02:32:00 PM

"Typically" would be filling up their mined block with the highest fee transactions as much as possible before the next one is mined so that falls under your "greedy algorithm". They can maybe accommodate some requests in including TXs with lower fees but that's definitely not their priority. They are here for the money after all - let's keep it real.

Quote from: buwaytress on Today at 02:49:57 PM

Quote from: Yogee on Today at 02:32:00 PM

"Typically" would be filling up their mined block with the highest fee transactions as much as possible before the next one is mined so that falls under your "greedy algorithm". They can maybe accommodate some requests in including TXs with lower fees but that's definitely not their priority. They are here for the money after all - let's keep it real.

Yup. Highest total fees after filling up the blocks is probably how they go, rather than just blind highest fees (e.g. if you can fit 11 txs with average fee of 10.1 sat/byte rather than just 10 txs with 11 sat/byte, that's what they'd go).

You can't really blame "greedy" algorithm, OP. It's a cost-revenue thing, quite literally.

Obviously, you can still see low fee txs, I suspect that's paid for in different ways (e.g. viabtc's paid accelerator... as opposed to broadcasting, which doesn't... accelerate).

The 10tx-11sat/byte vs. 11tx-10.1sat/byte makes some sense.

I didn't "blame" anyone, I am asking what is the algorithm they use to create a block.

Quote from: Aanuoluwatofunmi on Today at 02:56:59 PM

They aren't greedy, just that the miners get higher opportunities in this for making more profits than before and when the whole blocks had being completely mined, they still have to depend on the transaction fee to earn their income

Quote from: yhiaali3 on Today at 04:08:55 PM

You can't say it's greed. If you were them, would you take the low-fee transactions first? Or will you rush to take higher-fee transactions?

This is the logic that miners work with. If two people offer you to do the same work: one at 1$ and the other at 10$, which job will you accept?
This is the principle by which all human beings work.

I didn't say that the miners are "greedy". I was asking if they are adopting a "greedy algorithm" to choose transcations.

Please all read first https://en.wikipedia.org/wiki/Greedy_algorithm