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Title: Bitcoin fee estimation ➥ whatthefee.io Post by: Catenaccio on December 17, 2023, 06:35:09 AM https://whatthefee.io/
https://i.ibb.co/4sFPJpD/whatthefee.png (https://ibb.co/XyWSVtd) It has a table with a Probability of a confirmation in different Waiting time, 0.5h, 1h, 1.5h, 2h to 24h. With each waiting time and probability, you will be given a fee rate. Now, example, if wanting 95% of probability to have a confirmation within 0.5h, the given fee rate estimation is 492.7 sat/vbyte. If you want to have 50% of probability of a confirmation, use 403.4 sat/vbyte. I don't see the website's guide and I don't know the unit of fee rate for estimation but it is sat/vbyte hosseinimr93 helped me to know it. Title: Re: Bitcoin fee estimation ➥ whatthefee.io Post by: hosseinimr93 on December 17, 2023, 10:22:23 AM I don't see the website's guide and I don't know the unit of fee rate for estimation. It can be sat/byte or sat/vbyte. They are in sat/vbyte. Miners prioritize transactions based on the fee paid for each virtual byte of data and that's why the numbers displayed in that table should be in sat/vbyte. It doesn't make sense to give estimate of the required fee rate in sat/byte at all. |
