Where can I find what a tx id costs per byte?

jackg

copper member

Activity: 2856

Merit: 3071

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

Quote from: philipma1957 on February 23, 2017, 01:49:03 PM

Thanks I book marked it. all my transactions are at 100 sats

100 sats take 1 to 20 hours or 6 to 120 blocks

125 sats is pretty fast 10 to 60 minutes or 1 to 6 blocks

You only really need it at about 70% of the fee estimator as the fee esimator is an estimation for the fee you need to get it into the next block.
If you set it at 200satoshi per kilobyte then it is highly likely to get within the first three blocks released from that point.

dserrano5

legendary

Activity: 1974

Merit: 1029

You don't need to rely on 3rd parties

Code:

$ bitcoin-cli help estimatefee
estimatefee nblocks

Estimates the approximate fee per kilobyte needed for a transaction to begin
confirmation within nblocks blocks.

Arguments:
1. nblocks     (numeric)

Result:
n              (numeric) estimated fee-per-kilobyte

A negative value is returned if not enough transactions and blocks
have been observed to make an estimate.

Example:
> bitcoin-cli estimatefee 6

Code:

$ bitcoin-cli estimatefee 3
0.00145506

philipma1957

legendary

Activity: 4102

Merit: 7765

'The right to privacy matters'

Thanks I book marked it. all my transactions are at 100 sats

100 sats take 1 to 20 hours or 6 to 120 blocks

125 sats is pretty fast 10 to 60 minutes or 1 to 6 blocks

brituspol

sr. member

Activity: 458

Merit: 250

From nothing to nothing

This is what I use for the recommended tx fee estimation: https://bitcoinfees.21.co/ . Right now it appears to be 200 sats/B

philipma1957

legendary

Activity: 4102

Merit: 7765

'The right to privacy matters'

Okay I did 5 transactions. I know that its been slow my hot wallet is paying 100 sat/B here is one of the five transactions. No double spends simply too low of a fee. So what is correct fee now 150 sat/B?

https://blockchain.info/tx/b37e0dd21e265320320b5ff3ad77fe4ec39cdff50c9c58b892c18d8f7205f4ab

(Fee: 0.00613201 BTC - 99.71 sat/B - Size: 6150 bytes) 2017-02-23 14:38:36

I can go higher if I want to.

but is there a link that says sat/B needed to go fast.

I am not aware of one other then ones built into wallets which sometimes are not very accurate.

Topic: Where can I find what a tx id costs per byte? (Read 426 times)