Quote from: DannyHamilton on January 03, 2018, 08:52:20 PM

Quote from: evan79 on January 03, 2018, 08:39:49 PM

No problem, thanks for helping me, can you confirm the formula on how are you getting to 64 satoshi/byte based on 0.001 fee and bytes been 1558?

Code:

1.0 BTC = 100000000 satoshi
0.1 BTC = 10000000 satoshi
0.01 BTC = 1000000 satoshi
0.001 BTC = 100000 satoshi
0.0001 BTC = 10000 satoshi
0.00001 BTC = 1000 satoshi
0.000001 BTC = 100 satoshi
0.0000001 BTC = 10 satoshi
0.00000001 BTC = 1 satoshi

So, since 0.001 BTC = 100000 satoshi and you paid a fee of 0.001 BTC for 1558 bytes...

100000 satoshi / 1558 bytes = 64.18 satoshi per byte

Can someone confirm fee calculation is correct for the below?
BTC = 0.03
Bytes = 818
Inputs = 5
Fee = 0.0025
Satoshi/byte = 305.6234 (250 000 satoshi / 818)

evan79

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