Waiting for confirmation #4: Feerate estimation
Last week, we explored techniques for minimizing the fees paid on a transaction given a feerate. But what should that feerate be? Ideally, as low as possible to save money, but high enough to secure a spot in a block suitable for the user’s time preference.
The goal of fee(rate) estimation is to translate a target timeframe for confirmation to a minimal feerate the transaction should pay...
https://bitcoinops.org/en/newsletters/2023/06/07/#waiting-for-confirmation-4-feerate-estimation
Bitcoin Optech /
npub1hk…a432p
2023-06-07 11:05:00
in reply to nevent1q…lmf8
Author Public Key
npub1hkuk45c6c6h3y0rks0z4wa0wyyud5ru0qy0rn9x4dgnjwrnfy46s5a432pPublished at
2023-06-07 11:05:00Event JSON
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"content": "Waiting for confirmation #4: Feerate estimation\n\nLast week, we explored techniques for minimizing the fees paid on a transaction given a feerate. But what should that feerate be? Ideally, as low as possible to save money, but high enough to secure a spot in a block suitable for the user’s time preference.\n\nThe goal of fee(rate) estimation is to translate a target timeframe for confirmation to a minimal feerate the transaction should pay...\n\nhttps://bitcoinops.org/en/newsletters/2023/06/07/#waiting-for-confirmation-4-feerate-estimation",
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