Bitcoin Forum

Bitcoin => Project Development => Topic started by: btc_enigma on November 23, 2015, 07:52:46 AM



Title: Script for dynamic fees suggestion
Post by: btc_enigma on November 23, 2015, 07:52:46 AM
Hi,

I see lots of people worrying about tx confirmation time after tx has been sent. Services like cointape.com help, but we need a way to get estimated time before the tx is submitted. We need a script to suggest dynamic tx fees (like in electrum, bitgo) bases on tx inputs and network conditions.

Here's how the script will work:
1. Input an xpub key (script will select unspent inputs from given xpub)
2. Input amount in BTC to spend
3. Will suggest tx fee along with confirmation times like :

0.0001 BTC - 10 min
0.00002 BTC - 30 min
0.00001 BTC - 60 min

Let me know if this sounds interesting and I could start work on this. Script will be opensource.