fee estimator website5.1%
whatever the wallet says23.1%
mempool.space next block48.7%
1 sat/vbyte and rbf as needed2.6%
I don't do onchain7.7%
other (please comment)12.8%
39 votes \ poll ended
213 sats \ 4 replies \ @endothermicdev 23 Jun
When I'm not using lightning, I look at the minimum feerate paid in the last few blocks. So long as the mempool isn't seeing a large number of incoming transactions, I usually go with that. If it's something more time sensitive, I stick with my wallet's recommendation, which typically overshoots.
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42 sats \ 2 replies \ @cristaiji 23 Jun
I’ve noticed that some wallets massively overshoot the fee rate. What is that about?
I typically ignore that and go with a fee rate close to the minimum paid as you say.
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22 sats \ 1 reply \ @windward 24 Jun
It's mostly UX for the end users. Most people outside of BTC are used to near instant payments with their mobile apps- real easy to do with a centralized database.
A user who doesn't understand or care about watching fee rates just wants their funds sent ASAP - for them, higher fee rates are better (but not really).
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0 sats \ 0 replies \ @cristaiji 24 Jun
That makes sense. Thanks. 🙏
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7 sats \ 0 replies \ @OT 23 Jun
I basically do this too. If its urgent, I pay a lower estimate in the current high band
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107 sats \ 0 replies \ @stefano 23 Jun
I just multiply
- the current average rate of sat/vbyte (https://mempool.space/)
- by the average weight of a P2WPKH input (68 vbytes)
- by the number of UTXOs my wallet has to aggregate to build the transaction
the result is my best guess on how much fees I have to pay to see the transaction paid out in the short term
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17 sats \ 0 replies \ @WeAreAllSatoshi 23 Jun
mempool.space running locally using my own node
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10 sats \ 0 replies \ @senf 23 Jun
Mempool.space graph of the last few weeks.
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10 sats \ 0 replies \ @EverythingSatsoshi 23 Jun
sparrow allows you determine that with their toggle function, and then I just use mempool to make an educated guess
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21 sats \ 0 replies \ @TNStacker 23 Jun
Nice try, Fed.
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0 sats \ 0 replies \ @BitcoinAbhi 24 Jun
I don't do on chain.
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0 sats \ 0 replies \ @IamSINGLE 24 Jun
I don't have anything on chain. Not very old in it. It's just 3 months. Maybe after 3 more months I will try to go onchain.
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0 sats \ 0 replies \ @Coinsreporter 24 Jun
I don't do on chain. Sleeping comfortably forever..
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0 sats \ 0 replies \ @WeAreAllSatoshi 23 Jun
I also track the current fee estimates in the stacker.news page header:
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0 sats \ 0 replies \ @SatsMate 23 Jun
I do the free strike option. Am I the only one here :D?
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0 sats \ 0 replies \ @DarthCoin 23 Jun
Depends on the situation. I use multiple choices.
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0 sats \ 0 replies \ @riberet19 23 Jun
Mempool.space
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0 sats \ 0 replies \ @16d86e9daa 23 Jun
fee rate will be calculated in satoshis per unit of data your transaction will consume on the blockchain, main reason i go with whatever my wallet says
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0 sats \ 0 replies \ @MANI 23 Jun
Whatever the wallet or app suggest.
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