diff --git a/example/index.js b/example/index.js
index 6d9d74a0..62fb0584 100755
--- a/example/index.js
+++ b/example/index.js
@@ -17,7 +17,10 @@ var daemon = require('../').daemon({
 
 daemon.on('ready', function() {
   console.log('ready');
-  daemon.startTxMon();
+});
+
+daemon.on('tx', function(txid) {
+  console.log('txid', txid);
 });
 
 daemon.on('error', function(err) {
diff --git a/lib/daemon.js b/lib/daemon.js
index c3dcfc84..0133bfb2 100644
--- a/lib/daemon.js
+++ b/lib/daemon.js
@@ -213,6 +213,13 @@ Daemon.prototype.start = function(options, callback) {
       bitcoindjs.onTipUpdate(onTipUpdateListener);
 
       self.emit('ready', result);
+
+      bitcoindjs.startTxMon(function(txs) {
+        for(var i = 0; i < txs.length; i++) {
+          self.emit('tx', txs[i]);
+        }
+      });
+
     });
 
     setTimeout(function callee() {
@@ -272,12 +279,6 @@ Daemon.prototype.start = function(options, callback) {
   }, 1000);
 };
 
-Daemon.prototype.startTxMon = function() {
-  return bitcoindjs.startTxMon(function(command) {
-    console.log('command', command);
-  });
-};
-
 Daemon.prototype.getBlock = function(blockhash, callback) {
   if (daemon.stopping) return [];
   return bitcoindjs.getBlock(blockhash, function(err, block) {
diff --git a/src/bitcoindjs.cc b/src/bitcoindjs.cc
index e96e9ca7..172286f9 100644
--- a/src/bitcoindjs.cc
+++ b/src/bitcoindjs.cc
@@ -75,7 +75,7 @@ static void
 async_get_tx_after(uv_work_t *req);
 
 static bool
-process_packets(CNode* pfrom);
+process_messages(CNode* pfrom);
 
 extern "C" void
 init(Handle<Object>);
@@ -207,8 +207,6 @@ static bool
 set_cooked(void);
 
 NAN_METHOD(StartTxMon) {
-  // todo: if already running give an error
-
   Isolate* isolate = Isolate::GetCurrent();
   HandleScope scope(isolate);
 
@@ -217,7 +215,7 @@ NAN_METHOD(StartTxMon) {
   txmon_callback = cb;
 
   CNodeSignals& nodeSignals = GetNodeSignals();
-  nodeSignals.ProcessMessages.connect(&process_packets);
+  nodeSignals.ProcessMessages.connect(&process_messages);
 
   uv_async_init(uv_default_loop(), &txmon_async, txmon);
 
@@ -255,7 +253,7 @@ txmon(uv_async_t *handle) {
 }
 
 static bool
-process_packets(CNode* pfrom) {
+process_messages(CNode* pfrom) {
 
   bool fOk = true;
 
@@ -278,8 +276,7 @@ process_packets(CNode* pfrom) {
     it++;
 
     // Scan for message start
-    if (memcmp(msg.hdr.pchMessageStart,
-               Params().MessageStart(), MESSAGE_START_SIZE) != 0) {
+    if (memcmp(msg.hdr.pchMessageStart, Params().MessageStart(), MESSAGE_START_SIZE) != 0) {
       fOk = false;
       break;
     }
@@ -289,25 +286,35 @@ process_packets(CNode* pfrom) {
     if (!hdr.IsValid(Params().MessageStart())) {
       continue;
     }
-    string strCommand = hdr.GetCommand();
 
-    // Message size
-    unsigned int nMessageSize = hdr.nMessageSize;
+    std::string strCommand = hdr.GetCommand();
+
+    if (strCommand == (std::string)"tx") {
+
+      // Message size
+      unsigned int nMessageSize = hdr.nMessageSize;
+
+      // Checksum
+      CDataStream& vRecv = msg.vRecv;
+      uint256 hash = Hash(vRecv.begin(), vRecv.begin() + nMessageSize);
+      unsigned int nChecksum = 0;
+      memcpy(&nChecksum, &hash, sizeof(nChecksum));
+      if (nChecksum != hdr.nChecksum) {
+        continue;
+      }
+
+      CTransaction tx;
+      vRecv >> tx;
+
+      string txHash = tx.GetHash().GetHex();
+
+      uv_mutex_lock(&txmon_mutex);
+      txmon_messages.push_back(txHash);
+      uv_mutex_unlock(&txmon_mutex);
+      uv_async_send(&txmon_async);
 
-    // Checksum
-    CDataStream& vRecv = msg.vRecv;
-    uint256 hash = Hash(vRecv.begin(), vRecv.begin() + nMessageSize);
-    unsigned int nChecksum = 0;
-    memcpy(&nChecksum, &hash, sizeof(nChecksum));
-    if (nChecksum != hdr.nChecksum) {
-      continue;
     }
 
-    uv_mutex_lock(&txmon_mutex);
-    txmon_messages.push_back(strCommand);
-    uv_mutex_unlock(&txmon_mutex);
-    uv_async_send(&txmon_async);
-
     boost::this_thread::interruption_point();
     break;
   }