Post
Topic
Board Bitcoin Discussion
Re: Bitcoin fees
by
stompix
on 09/05/2018, 19:10:27 UTC
You can compare with these sites.

BTC - https://bitcoinfees.earn.com/

Eth - https://bitinfocharts.com/comparison/ethereum-transactionfees.html
      - https://ethgasstation.info/

The most feature that every coin is developing are about the fee and faster confirmation.
If it's about the fees most will be in favor of ETH.

Stop using that website!!!. It is always wrong, asking you to pay more than is needed.

Is bitcoinfees.earn.com systematically overestimating fees?

Use https://coinb.in/#fees.

Right now bitcoinfees is showing 50 satoshi per byte fee when a 10 satoshi per byte fee is enough for confirmation.


The site you point to states they recommend a fee of get it into the next few blocks.  Bitcoinfees gives a recommendation for the next block.  It also shows  graph to let you decide other options, though i wish they'd show the total fee calculation for each band, not just the lowest 0 block wait.

Right now bitcoinfees was showing 25 sat/b for getting into the next block.
The block mined was block 521946

Just a few example of transactions included in this block:

https://blockchain.info/tx/f33155507239720e146ca3f03f7e6f22c49334ef311d460a22e85bf2edaa3aa2
Fee per byte   1 sat/B
https://blockchain.info/tx/2929af0f4242b8e0d248b47b6ee219d5f199d081d4d2d93b7085379cf5a6e87a
Fee per byte   1 sat/B
https://blockchain.info/tx/8f1ddbcb8dc15676d6119d55f8792fe2a2f0dccdbf86e26904e8cc1253607940
Fee per byte   1 sat/B
https://blockchain.info/tx/fa487ebf3354f82b335b1f6d362f2917745f9d22d33d1a7b770b9eb890b07271
Fee per byte   1.003 sat/B

Half of the block is made of transactions under 10sat/b and that website claims you should pay 25sat/b for getting into the next block?