Post
Topic
Board Bitcoin Technical Support
Merits 1 from 1 user
Re: [JUNE 2020] Fees are low, use this opportunity to Consolidate your small inputs!
by
pooya87
on 25/06/2020, 11:40:28 UTC
⭐ Merited by OcTradism (1)
It works again: https://coinb.in/#fees. The recommended fee is 34 sat/byte.

the problem with this site is that it gives an estimation of fee based on previous block instead of doing it based on memory pool. it is somewhat like trying to predict the weather based on yesterday's weather instead of analyzing the sky, clouds, wind,... right now.
so usually the fees they suggest is close to reality but there are always times when it is either higher or lower if the mempool had grown or shrank ever since last block was found. not to mention that last block's transactions might have been overpaying or underpaying.