Post
Topic
Board Armory
Re: Armory 0.96.2 is out (SegWit enabled)
by
calibra
on 02/09/2017, 06:31:30 UTC
I am checking the new segwit feature, but something seems to be wrong.
If I try to send from a segwit address to a segwit address, the fees are higher than normal.  I set the fees for example to 80 S/B, and the calculated value will be 111 S/B.  With normal transactions this does not happen.  Why?

Transaction fees are calculated differently for SegWit transactions. I'm not going to get into all the details, but look up "Block Weight". I presume Armory will receive a UI update in the future to properly reflect this, but there is currently a disconnection between "Satoshis/Byte" and "Satoshis/Effective Byte"

Specifically, you are specifying the actual Satoshi/Byte with your fee, but with the SegWit discount your "effective" fee is the larger value.

Thanks for the explanation.  For me it was confusing, because I set it for 80 and I see actually 111, which let me think this transaction will be more expensive.  It would be great, if the block weight was displayed, and it would actually say, you save x S/B this way.