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Questions tagged [coin-age-priority]

Transaction priority is derived from the size of a transaction, the value that is being transferred and the age of the coins.

12
votes
2answers
382 views

Are any miners still considering priority in their transaction selection?

A new answer on Who gets Bitcoin transaction fees? has spawned discussion on the paradigm shift from selection by priority (= coin age × spent value) to selection by fee rate `(= fee / transaction ...
8
votes
2answers
907 views

How does the standard client prioritize transactions?

I've heard that the standard client prioritizes which transaction to relay based on the Bitcoin Days Destroyed and the fee paid on the transaction, but what is the exact formula used to determine ...
4
votes
2answers
585 views

Why is the transaction priority removed?

As far as I know, in the earlier version of Bitcoin, there was a mechanism about transaction priorities. However, it has been removed (or not being taken into account anymore) and now the only ...
8
votes
1answer
2k views

Bitcoin transaction priority calculation

From the Bitcoin wiki page on transaction fees: Transaction priority is calculated as a value-weighted sum of input age, divided by transaction size in bytes: priority = sum(...
4
votes
2answers
1k views

Does the amount of the transaction fee affect the priority of a transaction?

I've been reading about transaction fees here. From the aritcle, Transaction priority is calculated as a value-weighted sum of input age, divided by transaction size in bytes: priority = sum(...