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Author Topic: Miners: What kind of fee information do you see on our transactions?  (Read 930 times)
buwaytress (OP)
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July 04, 2018, 03:57:53 PM
 #1

Hi there miners. I asked myself this question after some personal confusion (now cleared up) on fee estimations on Bitcoin transactions. Using a SegWit capable blockexplorer like Blockchair, I see that my transactions have three different fee calculations: per kB, per kWu and per kVB.

A non-SW explorer like Bitcoininfo only shows kWu, so previously thought that I had been spending fees lower than what they actually are, based on kVB.

But are all miners seeing SW txs like this?

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January 08, 2019, 09:35:02 PM
Merited by hugeblack (2), dbshck (2)
 #2

Here's what I use to see current fee rates and breakdowns: https://jochen-hoenicke.de/queue/#0,24h

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January 09, 2019, 01:13:22 PM
Merited by vapourminer (1)
 #3

That's actually a good question. I understand how including the most txes with the most fees per kVB will mean including the maximum number of txes with the largest fees. But I can't help think about flat fee.

Let's assume someone broadcasts a tx with a ton of inputs and a chunky script size. If it only uses 1/3rd the average of network fees/byte, (https://bitcoinfees.earn.com/ I generally use this website to see the minimum fee needed for the tx to be confirmed in the next block), but even with very low fees, the flat payout for this big transaction is considerable, is it still going to be seen as any other tx? So by pure satoshis/byte? I always wondered if miners choose to ignore these kind of transactions.

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May 10, 2019, 07:28:21 AM
Last edit: May 10, 2019, 10:58:22 PM by kano
 #4

All mining is segwit so the segwit anti 1-address calculation is what decides.
It's not bytes or whatever that other thing is, it's kVB.
btc.com shows an estimate on the front page.

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June 10, 2019, 02:40:35 AM
 #5

Here's what I use to see current fee rates and breakdowns: https://jochen-hoenicke.de/queue/#0,24h

Is there an aggregated website that shows a combined data from long running nodes? almost forming a global mempool? I think something like that would give OP and people with similar questions a better idea of the avg fee estimations per transactions.
It changes hourly or daily.
Long term data isn't relevant, it's what's happening in the last few hours that decides your fee requirements to get confirmed quickly (or slowly).

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