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Home»BITCOIN NEWS»Electrum Protocol Estimated Fees – Bitcoin Stack Exchange
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Electrum Protocol Estimated Fees – Bitcoin Stack Exchange

By Crypto FlexsJanuary 2, 20241 Min Read
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Electrum Protocol Estimated Fees – Bitcoin Stack Exchange
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For example, I make the following request to the Electrum server: “id”: 0, “method”: “blockchain.estimatefee”, “params”: ( 1 ) I receive response: 0.00254405

Here we get the btc/kw speeds, but we need to convert them to sat/vbyte, so we do 0.00254405 * 1e8/1000/4 = ~64.

However, in reality, this value does not change over time, whereas mempool.space displays a different value. What on earth am I doing wrong?

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