Topic: Bitcoin fee estimation ➥ whatthefee.io (Read 73 times)

hosseinimr93

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Merit: 5213

Quote from: Catenaccio on December 17, 2023, 02:35:09 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.

Catenaccio

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Merit: 115

https://whatthefee.io/

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}. ~~It can be sat/byte or sat/vbyte.~~

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