Bitcoin fee calculator | Bitcointalksearch.org

pooya87

legendary

Activity: 3472

Merit: 10611

you can put together some calculator using the available services and their APIs.
1. get the unspent outputs:
https://blockchain.info/unspent?active=$address

2. figure out you are using a compressed or uncompressed public key.
if you are reusing your address this will find out: https://blockchain.info/q/pubkeyaddr/$address

3.
if (uncompressed && !multisig)
in*180 + out*34 + 10 plus or minus 'in'
else if (compressed && !multisig)
in*148 + out*34 + 10 plus or minus 'in'

4. https://bitcoinfees.21.co/api/v1/fees/recommended
if (fast)
*fastestFee
else if (medium)
*halfHourFee
else if (slow)
* hourFee

now translate these steps to a programming language you like (PHP, Python, Java, C++, C#,..) and you get yourself a fee calculator Wink

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: poordeveloper on October 22, 2017, 06:57:00 PM

Quote from: jackg on October 22, 2017, 06:15:52 PM

Quote from: poordeveloper on October 22, 2017, 04:53:17 PM

Is there any calculator which allows me to choose inputs and lets me know the minimum viable fee?

I mean, I understand how fees work, that's why the calculator must have input chooser.

You can use bitcoinfees.21.co.
If you get the sat/byte of the optimum fee and then use a calculator to take:
150 bytes per input
50 bytes per output
and a 20 byte minimum starter
so one input with two outputs would be 150+50+50+20=270bytes (it's an overestimate but will help make a high enough fee).

Would that account for all possible input sizes?

Yes, you'll have to work out how many inputs are needed. Multiply that number by 150.
Then work out the number of outputs (if you're sending to only 1 address, then there'll be 2 outputs normally), multiply this number by 50.

Then take these two numbers and add them along with an extra 20 bytes which is the base amount for a transaction and you'll get the size you want. You can then calculate the fee from this information.

poordeveloper

hero member

Activity: 896

Merit: 527

₿₿₿₿₿₿₿

Quote from: jackg on October 22, 2017, 06:15:52 PM

Quote from: poordeveloper on October 22, 2017, 04:53:17 PM

Is there any calculator which allows me to choose inputs and lets me know the minimum viable fee?

I mean, I understand how fees work, that's why the calculator must have input chooser.

You can use bitcoinfees.21.co.
If you get the sat/byte of the optimum fee and then use a calculator to take:
150 bytes per input
50 bytes per output
and a 20 byte minimum starter
so one input with two outputs would be 150+50+50+20=270bytes (it's an overestimate but will help make a high enough fee).

Would that account for all possible input sizes?

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: poordeveloper on October 22, 2017, 04:53:17 PM

Is there any calculator which allows me to choose inputs and lets me know the minimum viable fee?

I mean, I understand how fees work, that's why the calculator must have input chooser.

You can use bitcoinfees.21.co.
If you get the sat/byte of the optimum fee and then use a calculator to take:
150 bytes per input
50 bytes per output
and a 20 byte minimum starter
so one input with two outputs would be 150+50+50+20=270bytes (it's an overestimate but will help make a high enough fee).

poordeveloper

hero member

Activity: 896

Merit: 527

₿₿₿₿₿₿₿

Is there any calculator which allows me to choose inputs and lets me know the minimum viable fee?

I mean, I understand how fees work, that's why the calculator must have input chooser.

Topic: Bitcoin fee calculator (Read 404 times)