Any Live Charts to track Bitcoin Transaction fees ?

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Quote from: Cryptomultiplier on May 05, 2024, 01:25:28 PM

I wonder how much good it would do to keep track of Bitcoin transaction fees, unless one is a professional trader to be concerned with such.

Bitcoin users buy and sell at intervals and will be very interested in how price changes. In this forum for example we have campaign managers who send out weekly payment and fees affect how much they will pay to do that, some participants who receive payments send them out to exchange wallet and ate dependent on tx fees as well.

Traders are actually those least bothered about fees. Most of their transactions are within an exchange and don't cost any fees until they wish you withdraw to their wallets.

- Jay -

dzungmobile

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Quote from: Cryptomultiplier on May 05, 2024, 01:25:28 PM

I wonder how much good it would do to keep track of Bitcoin transaction fees, unless one is a professional trader to be concerned with such.
Still the prices will remain same, that's if it's not just a speculation that isn't worth it.

Transaction fee depends on transaction size (assume it is same for a same transaction) and fee rate. Fee rate can be chosen by a sender and that bot gives you different suggested fee rate, which I see is enough.

Quote

For now the price seems okay and I don't know why you may be trying to keep track to make decisions that concern trading when you know fully well that it may remain steady until some weeks nearing the end of this month.

When you make an on chain transaction, you have need to move your bitcoin, and what you pay for transaction fee is bitcoin or satoshi, not $.

I really fail to see how a transaction fee for one transaction relates to market price or its volatility.

Cryptomultiplier

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Quote from: dzungmobile on May 05, 2024, 11:37:46 AM

You can watch mempools with live chart or you can use this bot to get basic information about different options for transaction fees.

https://t.me/BitcoinFeesAlert_bot

You can ask the author in this announcement thread.
[Telegram Bot] Bitcoin Fees - fees and tx tracker

I wonder how much good it would do to keep track of Bitcoin transaction fees, unless one is a professional trader to be concerned with such.
Still the prices will remain same, that's if it's not just a speculation that isn't worth it.
For now the price seems okay and I don't know why you may be trying to keep track to make decisions that concern trading when you know fully well that it may remain steady until some weeks nearing the end of this month.

Medusah

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mempool.space is the most accurate fee estimator. You can also use txfees.watch to be notified about cheap fees without looking at mempool.space for hours.

Quote from: Charles-Tim on May 05, 2024, 10:44:53 AM

Very bad fee estimator. This is what I saw and I took the screenshot of 1 input and 1 output transaction. The result is $18.91 dollar at 267.233 sat/byte as fee rate.

Very bad. Right now, it displays 377 sat/vB while the highest priority incurs only 24 sat/vB.

Rruchi man

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Quote from: RedditMafia on May 05, 2024, 08:16:06 AM

Today transaction fees are insane.

I guess this was earlier in the day because the fees were higher then, but later on as the day went on the fees became normal.

Quote from: RedditMafia on May 05, 2024, 08:16:06 AM

Is there any way where I can keep an eye on it LIVE updating chart or something so I can sell my BTC without losing all of my money ?

When using the mempool to observe transaction fees, you do not need to be in a rush to make a transaction, when the fees are high, you simply need to be patient because they always come back down.

There was a time I observed the mempool for close to five days before I could make a transaction Cheesy

, Observation can take longer.

dzungmobile

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You can watch mempools with live chart or you can use this bot to get basic information about different options for transaction fees.

https://t.me/BitcoinFeesAlert_bot

You can ask the author in this announcement thread.
[Telegram Bot] Bitcoin Fees - fees and tx tracker

Charles-Tim

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Quote from: _typer_ on May 05, 2024, 10:32:00 AM

Sorry if this has been mentioned elsewhere already -> https://btc.network/estimate

It's not really live ("The Satoshi/byte rate is refreshed every minute. Information about the Bitcoin Mempool and Unconfirmed Transactions is updated every 3 seconds.") but the data is useful for comparison in the least.

Very bad fee estimator. This is what I saw and I took the screenshot of 1 input and 1 output transaction. The result is $18.91 dollar at 267.233 sat/byte as fee rate.

When the mempool is not taking up to $3 right now for 1 input and 2 outputs. The fee rate for high priority is 31 sat/vbyte. But on your link website that you posted, it is 267.233 sat/byte. Not even in sat/vbyte but in transaction size.

_typer_

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Sorry if this has been mentioned elsewhere already -> https://btc.network/estimate

It's not really live ("The Satoshi/byte rate is refreshed every minute. Information about the Bitcoin Mempool and Unconfirmed Transactions is updated every 3 seconds.") but the data is useful for comparison in the least.

RedditMafia

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Quote from: FatFork on May 05, 2024, 08:27:50 AM

Quote from: RedditMafia on May 05, 2024, 08:16:06 AM

Today transaction fees are insane.

In fact, today's transaction fees are decent. I don't see anything insane on mempool right now. Of course, they could be lower, but ~25 sats/byte is not so bad.

Quote from: RedditMafia on May 05, 2024, 08:16:06 AM

Is there any way where I can keep an eye on it LIVE updating chart or something so I can sell my BTC without losing all of my money ?

You can check on mempool.space: https://mempool.space/
Or you can follow this thread: https://bitcointalk.org/index.php?topic=5478905.new

thank you

FatFork

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Quote from: RedditMafia on May 05, 2024, 08:16:06 AM

Today transaction fees are insane.

In fact, today's transaction fees are decent. I don't see anything insane on mempool right now. Of course, they could be lower, but ~25 sats/byte is not so bad.

Quote from: RedditMafia on May 05, 2024, 08:16:06 AM

Is there any way where I can keep an eye on it LIVE updating chart or something so I can sell my BTC without losing all of my money ?

You can check on mempool.space: https://mempool.space/
Or you can follow this thread: https://bitcointalk.org/index.php?topic=5478905.new

RedditMafia

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thank you

Charles-Tim

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You can use https://mempool.space

Or use this https://jochen-hoenicke.de/queue/#BTC,24h,weight

RedditMafia

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Today transaction fees are insane. Is there any way where I can keep an eye on it LIVE updating chart or something so I can sell my BTC without losing all of my money ?

Topic: Any Live Charts to track Bitcoin Transaction fees ? (Read 163 times)