LearnBitcoin

Bitcoin Dev Archive 2014

floating fees statistics

1 message, 12 Jul 2014. Started by Harald Schilly.

Harald Schilly

Permalink Original thread on gnusha.org

Harald Schilly permalink original

Hi

I've looked into this new floating fees algorithm. What I've started is an ipython notebook to gather data and look into some statistics. Right now it's probably not so exciting because the rules aren't active, but maybe someone is interested in this or wants to extend it a bit.

notebook: http://nbviewer.ipython.org/github/haraldschilly/bitcoin-floating-fee-statistics/blob/master/estimatefee.ipynb

source: https://github.com/haraldschilly/bitcoin-floating-fee-statistics/

The probably most interesting graph is the one attached. It's the time series of the estimated fees per confirmation level over the course of 4 hours. The vertical green lines indicate where new blocks have been found.

Harald