I’ve two testnet4 nodes, each working Bitcoin Core v30.2 and I take advantage of estimatesmartfee API calls to guess charges on the community.
I’ve observed over time that the estimates fluctuate extensively on each nodes and generally additionally by the conf_target.
Is there any risk to make this estimate extra dependable?
E.g. it at the moment return on node01:
$ bitcoin-cli estimatesmartfee 3 economical
{
"feerate": 0.00000974,
"blocks": 3
}
$ bitcoin-cli estimatesmartfee 10 economical
{
"feerate": 0.00100314,
"blocks": 10
}
$ bitcoin-cli estimatesmartfee 50 economical
{
"feerate": 0.00000988,
"blocks": 50
}
(please be aware that the conf_target: 10 has bigger price than for conf_target: 3).
and on node02:
$ bitcoin-cli estimatesmartfee 3 economical
{
"feerate": 0.00100369,
"blocks": 3
}
$ bitcoin-cli estimatesmartfee 10 economical
{
"feerate": 0.00063429,
"blocks": 10
}
$ bitcoin-cli estimatesmartfee 50 economical
{
"feerate": 0.00063429,
"blocks": 50
}
I’ve two testnet4 nodes, each working Bitcoin Core v30.2 and I take advantage of estimatesmartfee API calls to guess charges on the community.
I’ve observed over time that the estimates fluctuate extensively on each nodes and generally additionally by the conf_target.
Is there any risk to make this estimate extra dependable?
E.g. it at the moment return on node01:
$ bitcoin-cli estimatesmartfee 3 economical
{
"feerate": 0.00000974,
"blocks": 3
}
$ bitcoin-cli estimatesmartfee 10 economical
{
"feerate": 0.00100314,
"blocks": 10
}
$ bitcoin-cli estimatesmartfee 50 economical
{
"feerate": 0.00000988,
"blocks": 50
}
(please be aware that the conf_target: 10 has bigger price than for conf_target: 3).
and on node02:
$ bitcoin-cli estimatesmartfee 3 economical
{
"feerate": 0.00100369,
"blocks": 3
}
$ bitcoin-cli estimatesmartfee 10 economical
{
"feerate": 0.00063429,
"blocks": 10
}
$ bitcoin-cli estimatesmartfee 50 economical
{
"feerate": 0.00063429,
"blocks": 50
}
