Web Interstitial Ad Example

bitcoind – Very high fees from bitcoin node for past few days

[ad_1]

For past ~36 hours, the fees returned from bitcoind are very high compared to the fees from mempool.space, as well as the feerate of the recently mined blocks.

Fee from bitcoind:

The fees are checked against 4 different nodes, from different node providers

0.00209675 – 0.00164150 btc/kb

example return:

{"result":{"feerate":0.00164150,"blocks":2},"error":null,"id":"curltest"}

Fee from mempool.space:

~50 sat/vbyte (or 0.0005 btc/kb) (have seen in 30 – 80 range), but significantly below what bitcoind returns

Historical block fee rate:

Past 100 block fees:

Height Fee/KB
825186 0.000468755
825185 0.000311821
825184 0.000228085
825183 0.000381469
825182 0.000212003
825181 0.000434182
825180 0.000272958
825179 0.000433157
825178 0.000373007
825177 0.000472575
825176 0.00052024
825175 0.000740973
825174 0.000883352
825173 0.000490274
825172 0.000367397
825171 0.000225218
825170 0.000227405
825169 0.000316847
825168 0.000368502
825167 0.000598938
825166 0.000262016
825165 0.000408663
825164 0.000233616
825163 0.000322403
825162 0.000347431
825161 0.000289216
825160 0.000351415
825159 0.000667118
825158 0.000468473
825157 0.000531804
825156 0.000217225
825155 0.000439765
825154 0.000391427
825153 0.000523507
825152 0.000219304
825151 0.000514222
825150 0.00033685
825149 0.000247336
825148 0.000506301
825147 0.000267214
825146 0.000238113
825145 0.000381388
825144 0.000676792
825143 0.000609804
825142 0.000477263
825141 0.000301402
825140 0.000610215
825139 0.000282156
825138 0.000159469
825137 0.000347237
825136 0.000301954
825135 0.000294472
825134 0.000310469
825133 0.000270071
825132 0.000154897
825131 0.000364187
825130 0.000260972
825129 0.000245024
825128 0.000320502
825127 0.000342048
825126 0.000309971
825125 0.000300009
825124 0.000494687
825123 0.000232089
825122 0.0003723
825121 0.000462369
825120 0.000601087
825119 0.000269978
825118 0.000331054
825117 0.000249099
825116 0.000368114
825115 0.000301799
825114 0.000384011
825113 0.000275079
825112 0.000321699
825111 0.000328157
825110 0.000245787
825109 0.000226692
825108 0.000471684
825107 0.000210129
825106 0.000303099
825105 0.000641694
825104 0.000231493
825103 0.000456114
825102 0.000217558
825101 0.00013882
825100 0.000141397
825099 0.000111671
825098 0.000186897
825097 0.000127469
825096 0.000259606
825095 0.000267514
825094 0.000501941
825093 0.000256896
825092 0.000318047
825091 0.000399168
825090 0.000394177
825089 0.000529127
825088 0.000258682
825087 0.000289274

As evident from above, the fee/kb in blocks has been significantly less than what what bitcoind has been reporting.

Since bitcoind calculates its fees from historical confirmations, why is it not reducing the fees when the fees in past 100 blocks have been significantly lower?

[ad_2]

Source link