I want to make sure not to miss the next consolidation opportunity.
I also don't want to receive too many notifications (noise vs signal).
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I want to make sure not to miss the next consolidation opportunity.
I also don't want to receive too many notifications (noise vs signal).
Why don't wallets have this feature baked in, would make life so much easier
What Bitcoin node do they pull? And how often would they - remids me of traffic reduction on certificate/revocation servers - same problem. Also there are many different slow/medium/fast fee estimations. Or how long does the mempool have to clear up for notifications to trigger.
It can be done for sure. But doing it such that it it's a good UX takes effort
Some of them (Zeus) have it baked in
Could always compose and broadcast the tx and wait for prices to drop
The problem with that is that you can't delete a tx from the mempool, so if you ever need to move funds elsewhere you'll have to do a CPFP which is even costlier.
If you don't mind waiting...
If waiting is an issue then pay the higher fee to begin with.
If you're waiting for a notification then clearly you don't mind waiting I thought.
Every case is different
Just did this for the first time last week. The transaction was in the mempool for around a week, then cleared yesterday. Magic.
If you are patient you can be rewarded. Your transaction can also wait for months. I've had this happen but it wasn't a big deal. I was experimenting anyway. Just a word of warning.
One note, I have really not found a good way to do this other than just keep an eye on them manually. The services linked below tend to have smaller mempools and lack accuracy to the detail I'd like. Mempool.space is the most accurate place I have found to track fees and that's what I tend to use. I found the ntfy service to be way off on the low side. If you watch fees though you start to see patterns when they drop and rise based on time of day and time of week but there's no hard and fast rules.
This is precisely my experience as well.
Looks like there were a few of them shared in this post:
Merci buckets
What's the point? Set the fee you want to pay and wait
If you want the notifications though, message @cheeserobot on telegram and use the /feenotify command
You could use a tool like https://www.txpusher.com/ to broadcast a pre-signed transaction once the Mempool next BLOCK FEE reaches a level you want.
I have not yet tried this tool myself, so cannot say whether it actually works or not.
Its the first thing I check in the morning. Only takes a few seconds
I use this web site
fluent-bit
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