Post
Topic
Board Bitcoin Discussion
Re: Algorithm for selecting a low-fee transaction from the mempool
by
stompix
on 19/05/2023, 15:03:27 UTC
So you say it is purely a greedy algorithm?

It's a free market algorithm.
There are more people who want a confirmed tx than space available and since there is no other way to select tx that won't be abused by spammer and make thinks far worse this is it!

I'm pretty sure you would also sell your coins to the one offering $22.5 k when you have offers for 26.5k just because the other guy has been waiting for days for a customer!Right?

What I am asking is what algorithm miners/mining pools typically follow.

They all follow it, one exception to the rule is viabtc which allows up to 100 tx/h submitted on their website in the next block, but with their own rules, under 0.5 kb and over 10sat/b.