Post
Topic
Board Bitcoin Discussion
Re: Bitcoin feerates telegram notifications
by
inaltoasinistra
on 29/03/2024, 09:59:57 UTC
How accurate is your estimation compared to available data from https://mempool.space/? cuz estimatesmartfee command looks at the rate of transaction fees it receives in your node mempool and then based on that, estimation are made, but if your node is out of sync or there is a problem with it, it will be The estimates are inaccurate because fallback values may be used.

Update your bot to show average data from
 - https://mempool.space/docs/api/rest
 - https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight

I'd prefer to avoid external services.
why my node should go out of sync? I use it for other personal services (so I take care of it), my hardware il reliable (except for the UPS, I must replace it). my home internet connection is not the best in the world, but this would remain a problem because I run the Telegram bot from the same connection.

Moreover, these services might use different estimation algorithms from Bitcoin Core, I should do some research to understand which algorithm gives the best estimation