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Development & Technical Discussion
Re: Time to wait for 99% surety of no double spend, accounting for pool hashrate %
by
djbooth007
on
26/06/2014, 04:01:41 UTC
Quote from: fbueller on June 26, 2014, 02:58:41 AM
I've started already!
https://bitwasp.co/block_hashrate.php
So basically, I'm doing as I described above.. Get pools % hashrate, determine based on their hashrate how many blocks deep a transaction must be so that pool to have less than 1% probability of producing a greater difficulty chain..
code's here if that's any use to you, PHP:
https://gist.github.com/afk11/bbd9657b91e9a68d054f
Absolutely brilliant! You've saved me a fair amount of head scratching!
Interesting (disappointing?) to see that 5.3 hours is the wait time due to Ghash.