According to my calculations, RateSV is now responsible for…
According to my calculations, RateSV is now responsible for 0.2 tx/sec on the BSV network.
This is 17280 transactions per day.
You can watch the metanet channels uploading financial data here:
https://oyo.cash/result/cHJlZml4Om1ldGE=/0
Replies
Awesome.
Already wow
Some of these channels are already paid for several years. One is even paid for until 2025 ! & they said more channels are coming in the next version.
Will be interesting to see how channels can make money, they seem more business oriented than weatherSV
That's very good news. Exciting times ahead
Chinese are good at businesses. CityOnChain and RateSV, and will be more.
That’s what I thought until I got into Bitcoin. Some of them miners aren’t good business minded...
How do you get these numbers? 108 channels @ 1 transaction every 4 hours = 648 transactions. With a little bit of overhead not more than 700 transactions currently, IMHO.
@Ekhard damn you are right! I made the mistake of assuming that each data point was a transaction like weatherSV are doing. But checking the metanet transactions reveals that they upload 4h of data at once. Your calculations are correct. thanks!
It means that they have a potential 4h lag in their data, so they are only focused on historic rates, or at least not very recent ones.
but the good thing is these channels are paid for years. Now if they make money maybe live rates will be added too