Quote from: Rahar02 on November 11, 2020, 09:55:15 PM

Quote from: nc50lc on November 11, 2020, 08:31:38 AM

Quote from: joniboini on November 11, 2020, 07:59:40 AM

-snip- From what I can tell is that they either grab it from another source or calculate it from the last few blocks with priority on the last block.

Is it about blockchain.com?
Yes? Their fee rate is based on their own api, you can check it in action here: https://api.blockchain.info/mempool/fees
Those are the same result that the "send" window will show you for 'regular' and 'priority' fee rates.

And the priority fee (even regular) is indeed an overestimation.

The estimated fee for electrum right now is 62 sats/byte although less than 6K unconfirmed transactions on the mempool.
Look at the mempool, 95% of them set the fee at 1-6 sats/byte and 2% pay 109-114 sats/byte, most likely wallet's automated fee.
The way of the wallet's suggesting a suitable fee based on fee market conditions, if all the transactions pay the same amount, the wallet should be able to adjust to cheaper fees, but if there are some people who pay higher fees, then the wallet's API will calculate overestimate fees based on 'min-max-regular-priority'.

Im no in confidence on putting up 1-6 sats/byte per transaction due to im really that afraid for some transactions get stuck. At the moment i had
used electrum and used up 30 sats/byte which is lower on the 62 bytes of yours but getting some confirmation isnt really that too long.
Its just there are people who do pay more even though the mempool isnt already clogged anymore.I agree into the word about adjustments
basing of on mi max regular priority API.