Noification when Bitcoin TX fees reduce

[PrimeNumber7]

If you want to pay 10 sat/vbyte you should just pay that amount and wait for the transaction to confirm. You won’t get any benefit from waiting for many transactions confirming that pay this rate.

Many services require a transaction to be confirmed within a certain amount of time. This doesn't matter for an online casino, but for an instant exchange or virtually any site that uses a payment processor your unconfirmed deposit shouldn't take weeks.

You are describing situations in which people are effectively selling their coin in fairly small amounts. I don't think tx fees would be a high priority for people in these situations. I think people would care more about the need to buy x, or the rate they are getting.

Also, in my experience, it is more common for sites to require that a tx is 'seen' within a certain amount of time, not confirmed. If you send a tx right after three blocks are found in a short period, and it takes the next two blocks 90 minutes each to be found, paying tx fees consistent with 2-3 block confirmation time will probably still take several hours to confirm.

[WhyFhy]

If you want to pay 10 sat/vbyte you should just pay that amount and wait for the transaction to confirm. You won’t get any benefit from waiting for many transactions confirming that pay this rate.

Many services require a transaction to be confirmed within a certain amount of time. This doesn't matter for an online casino, but for an instant exchange or virtually any site that uses a payment processor your unconfirmed deposit shouldn't take weeks.

You are describing situations in which people are effectively selling their coin in fairly small amounts. I don't think tx fees would be a high priority for people in these situations. I think people would care more about the need to buy x, or the rate they are getting.

Also, in my experience, it is more common for sites to require that a tx is 'seen' within a certain amount of time, not confirmed. If you send a tx right after three blocks are found in a short period, and it takes the next two blocks 90 minutes each to be found, paying tx fees consistent with 2-3 block confirmation time will probably still take several hours to confirm.

Have you ever used a service that doesn't allow for you to adjust your fee? Like Nicehash for example? I see where your coming from though.

[TryNinja]

If somones makes a json scraper/webhook for this and ports it to TG & DC announcement channel so when fee is low it notifies when mempool is cheap and etherscan gas prices are low id gladly tip them

Let's see if @TryNinja is up for this

WIP.

You will be able to register your webhook url, target fee and coin (BTC or ETH) and the bot will send a POST request with the details whenever the target fee is met, which sould work with Discord and maybe Telegram. What do you think, @WhyFhy?

[Husires]

@mocacinno did a quick-and-dirty 10 minute sollution https://github.com/mocacinno/autofeechecker thanks to him.
I think that's enough for now. If there is someone who loves development, the door is open.

[WhyFhy]

If somones makes a json scraper/webhook for this and ports it to TG & DC announcement channel so when fee is low it notifies when mempool is cheap and etherscan gas prices are low id gladly tip them

Let's see if @TryNinja is up for this

WIP.

You will be able to register your webhook url, target fee and coin (BTC or ETH) and the bot will send a POST request with the details whenever the target fee is met, which sould work with Discord and maybe Telegram. What do you think, @WhyFhy?

I've been wondering why people are tagging , Its just dawned on me you've made a replacement for piggy!
I'm currently building on YAGPDB but relatively new to the discord scene as far as administration goes, can I ask about how long it would take? I'd like to tip correctly ! I wont be capitalizing on it therefor I don't wanna put a lot into it, I'm investing/deploying in a 3 coin pool currently. But it's community based luck pools.

[TryNinja]

~

Thanks, but you don't have to.

I already have something working (I'll create a thread if I make something more fancy).

https://fees.ninjastic.space/registerWebHook?url=DISCORD-HOOK-URL&coin=BTC&targetFee=10

To alter/update the targetFee, just use the exact same URL but changing its value.
To stop/remove it altogether, also use the exact same URL but with the parameter &stop=1.

The bot will check the mempool.space fees every 30 seconds and post a message on your channel if the halfHourFee value is less than or equal to your targetFee. If the message is triggered, it won't do it again until after 30 minutes (even if the targetFee is still met).

I'll work on a Telegram and ETH version later.