Cryptocurrency Calculator - Bitcoin (BTC)

r/IOTAmarkets

Welcome to IOTAmarkets! -- IOTA is a quantum-resistant distributed ledger protocol launched in 2015, focused on being useful for the emerging m2m economy of Internet-of-Things (IoT), data integrity, micro-/nano- payments, and anywhere else a scalable decentralized system is warranted. IOTA uniquely offers zero fees, no scaling limitations, and decentralized consensus where users are also validators. The digital currency 'iota' has a fixed money supply with zero inflationary cost.
[link]

‘CheaperFee’ An easy to use real time bitcoin fee calculator

One of the main criticisms that bitcoin currently receives is that the transaction fees are very high.
And this is true, but the problem for many newcomers is that they don’t know that they can configure their wallet to set the exact fee they want to pay. And if you already know that, it’s not an easy process to check the status of the mempool and calculate what is the minimum amount you should pay.
Because of this I started to develop this simple web app that facilitates the calculation of the fee according to the time you are willing to wait for the transaction to be confirmed.
cheaperfee.com
This tool uses the bitcoinfees.earn.com API and presents the information simplified and in multiple units for greater convenience.
Please, feel free to use it and give me feedback and suggestions about the app so I can improve it.
submitted by ChamosButton to BitcoinDiscussion [link] [comments]

‘CheaperFee’ An easy to use real time bitcoin fee calculator

One of the main criticisms that bitcoin currently receives is that the transaction fees are very high.
And this is true, but the problem for many newcomers is that they don’t know that they can configure their wallet to set the exact fee they want to pay. And if you already know that, it’s not an easy process to check the status of the mempool and calculate what is the minimum amount you should pay.
Because of this I started to develop this simple web app that facilitates the calculation of the fee according to the time you are willing to wait for the transaction to be confirmed.
cheaperfee.com
This tool uses the bitcoinfees.earn.com API and presents the information simplified and in multiple units for greater convenience.
Please, feel free to use it and give me feedback and suggestions about the app so I can improve it.
submitted by ChamosButton to Bitcoin [link] [comments]

New bitcoin fee calculator

New bitcoin fee calculator submitted by AerophilatelicLoop to Bitcoin [link] [comments]

CheaperFee An easy to use real time bitcoin fee calculator /r/Bitcoin

CheaperFee An easy to use real time bitcoin fee calculator /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

New bitcoin fee calculator

New bitcoin fee calculator submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin fee calculator - Analyze how much profit/loss you could get for a trade

submitted by tiriw to Bitcoin [link] [comments]

How is Bitcoin fee calculated? Can it be 10x lower or 10x higher? How?

I'm interested in how are Bitcoin fees determined. What dictates fees to be 0.0001 BTC, 0.01 BTC or 0.00000001 BTC?
What needs to happen to lover BTC transaction fee?
submitted by valentt to Bitcoin [link] [comments]

How is Bitcoin fee calculated? Can it be 10x lower or 10x higher? How? /r/Bitcoin

How is Bitcoin fee calculated? Can it be 10x lower or 10x higher? How? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Tell us about your favourite Bitcoin tools

Hey guys,
Wanted to see which are you favourite Bitcoin tools, sites, etc today?
Wanted to update this post for 2020 with more of the best Bitcoin tools and sites on it (https://gocryptowise.com/blog/ultimate-list-of-handy-crypto-tools-sites-2019/)
Right now these are the current ones:
  1. The Halvening – A site dedicated to the upcoming halving event of Bitcoin. Where mining rewards will be halved (https://www.thehalvening.com/)
  2. Simple Bitcoin converter – Is a simple Bitcoin price converter to Fiat currencies… (http://preev.com/)
  3. 1ML – Is a Lightning Network Search and Analysis Engine (https://1ml.com/)
  4. Bitnodes – Lists and maps all the active nodes in the Bitcoin network around the world (https://bitnodes.earn.com/)
  5. Bitcoin Fee tool – A Bitcoin fee calculator and estimation tool (https://www.buybitcoinworldwide.com/fee-calculato)
submitted by polagon to Bitcoin [link] [comments]

I bought that many bitcoin, cost me £325ish (just what I had spare in the bank). My calculations tell me that I didn’t pay £26.88 in network fees. Am I right or did I get charged £26.88?

I bought that many bitcoin, cost me £325ish (just what I had spare in the bank). My calculations tell me that I didn’t pay £26.88 in network fees. Am I right or did I get charged £26.88? submitted by BrotherVaelin to Bitcoin [link] [comments]

Every Wednesday there is a hosted Bitcoin Core PR Review Club on IRC. All welcome to join. This week's review: PR#18772 - Calculate fees in getblock using BlockUndo data

Every Wednesday there is a hosted Bitcoin Core PR Review Club on IRC. All welcome to join. This week's review: PR#18772 - Calculate fees in getblock using BlockUndo data submitted by TheGreatMuffin to Bitcoin [link] [comments]

I bought that many bitcoin, cost me £325ish (just what I had spare in the bank). My calculations tell me that I didn’t pay £26.88 in network fees. Am I right or did I get charged £26.88? (x-post from /r/Bitcoin)

I bought that many bitcoin, cost me £325ish (just what I had spare in the bank). My calculations tell me that I didn’t pay £26.88 in network fees. Am I right or did I get charged £26.88? (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Every Wednesday there is a hosted Bitcoin Core PR Review Club on IRC. All welcome to join. This week's review: PR#18772 - Calculate fees in getblock using BlockUndo data (x-post from /r/Bitcoin)

Every Wednesday there is a hosted Bitcoin Core PR Review Club on IRC. All welcome to join. This week's review: PR#18772 - Calculate fees in getblock using BlockUndo data (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Could someone explain how to calculate costs with bitcoin transaction fees included?

I need to buy bitcoin, send it to my wallet, then buy something with my wallet. I'm just unclear on how to calculate exactly how much bitcoin I need because I'm not sure how to factor in the transaction fees of which there will be three: First when I buy more bitcoin on the exchange, then again when i send it to my bitcoin wallet. Finally when I use my wallet to buy this product, I'll get a third fee.
Could someone explain how to calculate costs with bitcoin transaction fees included?
submitted by Column_A_Column_B to Bitcoin [link] [comments]

How to force confirmation of your low-fee transaction

Hello,
I just had this problem where I accidentally sent a Bitcoin transaction with high volume, but with very very low fee. It got delayed for a couple of days, and after I checked some websites, I concluded that it may take months to confirm!
Then I started doing a little research about how Bitcoin transactions are mined and how miners choose which transaction to include in their blocks, and invented (?) this method. I sent another transaction from the same wallet, which used the unspent outputs of the first transaction. The amount and the receiver are not important. You can send 1 satoshi to your own wallet. The important thing is the fee. You must set a fee so high, which it covers the low-fee of the previous transaction too. So, about twice the fee of a single transaction.
That was it. Both of those transactions got confirmed in the very next block!
But how did that work? In order for a transaction to get included in a block, the unspent input it uses must be confirmed in a previous block, or in the same block. So, a miner sees the second transaction with very high fee, but he can't include it in a block unless he includes the previous transaction too. Then he adds the fees of both and divides it to 2, and if it's profitable for them (if the result in the top 1MB of the transactions), he includes both transactions, to get the fees.
OK. I wanted to share this method with you. You don't need to use paid services for confirming your transactions. Take it in your own hands. Although I don't know if someone has invented this before or not.
One more thing is that sadly the Bitcoin fee calculator websites don't consider this for calculating optimized fees for a transaction. They just calculate the fees based on the transactions themselves, not the previous unconfirmed transactions those transactions are linked to. So, their calculations are always wrong! Since miners use the average fee of the linked unconfirmed transactions to decide if they'd include them in their blocks or not.
See this website for example: https://estimatefee.com/ If you click on a red circle in the graph, you would see that transaction fee information. There are two values in that page named "Fee" and "Effective Fee". "Fee" is the fee of that transaction alone, and "Effective Fee" is what I explained as the average fee of all of the linked unconfirmed transactions. But even when they know of that, the website doesn't consider that when calculates the optimum fee. They just use the "Fee" for calculating, which causes their values to be way off the reality. They may cause you to pay higher or lower fees than actually needed.
Have a good day.
submitted by khashmeshab to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] How to force confirmation of your low-fee transaction

The following post by khashmeshab is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7wyatk
The original post's content was as follows:
Hello,
I just had this problem where I accidentally sent a Bitcoin transaction with high volume, but with very very low fee. It got delayed for a couple of days, and after I checked some websites, I concluded that it may take months to confirm!
Then I started doing a little research about how Bitcoin transactions are mined and how miners choose which transaction to include in their blocks, and invented (?) this method. I sent another transaction from the same wallet, which used the unspent outputs of the first transaction. The amount and the receiver are not important. You can send 1 satoshi to your own wallet. The important thing is the fee. You must set a fee so high, which it covers the low-fee of the previous transaction too. So, about twice the fee of a single transaction.
That was it. Both of those transactions got confirmed in the very next block!
But how did that work? In order for a transaction to get included in a block, the unspent input it uses must be confirmed in a previous block, or in the same block. So, a miner sees the second transaction with very high fee, but he can't include it in a block unless he includes the previous transaction too. Then he adds the fees of both and divides it to 2, and if it's profitable for them (if the result in the top 1MB of the transactions), he includes both transactions, to get the fees.
OK. I wanted to share this method with you. You don't need to use paid services for confirming your transactions. Take it in your own hands. Although I don't know if someone has invented this before or not.
One more thing is that sadly the Bitcoin fee calculator websites don't consider this for calculating optimized fees for a transaction. They just calculate the fees based on the transactions themselves, not the previous unconfirmed transactions those transactions are linked to. So, their calculations are always wrong! Since miners use the average fee of the linked unconfirmed transactions to decide if they'd include them in their blocks or not.
See this website for example: https://estimatefee.com/ If you click on a red circle in the graph, you would see that transaction fee information. There are two values in that page named "Fee" and "Effective Fee". "Fee" is the fee of that transaction alone, and "Effective Fee" is what I explained as the average fee of all of the linked unconfirmed transactions. But even when they know of that, the website doesn't consider that when calculates the optimum fee. They just use the "Fee" for calculating, which causes their values to be way off the reality. They may cause you to pay higher or lower fees than actually needed.
Have a good day.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

05-18 04:24 - 'its the software that calculates the fee that is the issue, and its a common thing across all services that uses em. look at the chain and you'll see that most transactions pay 20 to 100x more than they need to in fees f...' by /u/OverLeveraged14 removed from /r/Bitcoin within 2-12min

'''
its the software that calculates the fee that is the issue, and its a common thing across all services that uses em. look at the chain and you'll see that most transactions pay 20 to 100x more than they need to in fees for a long time following a day of high traffic.pretty clear example going on right now. [[link]2
edit : always use a wallet that lets you set custom fees.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: OverLeveraged14
1: jo**en-hoeni***.de/*ueue/#0,** 2: jochen-hoe**ck**de/queu*/**,2d]^^*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

TIL Bitcoin.com has a cool Merchant Solutions page with a fee comparison calculator

TIL Bitcoin.com has a cool Merchant Solutions page with a fee comparison calculator submitted by MemoryDealers to btc [link] [comments]

How to calculate fee in bitcoin?

So i'm a newbie and was wondering how to calculate the fee in bitcoin. I'm from Germany and have a small balance of bitcoin on coinbase.
It says i can send 1BTC using my bank account, how do I do that?
Thanks in advance for any help
submitted by bitcoinGPT2Bot to SubSimulatorGPT2 [link] [comments]

bitcoin.com wallet needs to update its fee calculation algorithm

For starters I really like the bitcoin.com wallet, I appreciate everything memorydealers does for bitcoin and am beyond stoked for CashShuffle - I use the wallet for my BCH and used to use it as my hot wallet for BTC but have since moved on.

With BTC everyone has had to come to accept that when you send a transaction you either wait a long time because your fee is too low, or you pay high fees to get your transaction into a block. This problem is made worse when wallets have poor fee estimation algorithms - and it seems the bitcoin.com wallet has very high fees (right now 'super economy is 92 s/B, economy is 163 s/B, normal is 180 s/B, urgent is 269 s/B). There is no option to create your own fee - I often transact in BTC with 1 s/B fees since I'm usually moving from my own wallet to another wallet hence I don't care that it can take days to confirm.
Looking at Johoe's mempool and comparing to the above recommendations:
11,600 at 80+
3,963 at 140+
2,683 at 160+
252 at 250+

I think those estimates are at the top end from wallets, and contributes to the higher fees which is bad for everyone. I think that looks bad - IMHO
submitted by mcmuncaster to btc [link] [comments]

How does kraken calculate the fees by buying bitcoin?

The kraken has 0.26% fee for taker. I think, if I just made an order to buy 20 Euro bitcoin at 5005 Euro, it should be 20*(1-0.26)/5005=0.0039 bitcoin.
But Kraken show me I will get 0.003804 bitcoin, it is 19.03 Euro! The fee is (20-19.03)/20 = 4.85%
P.s I choosed 'take profit'.
Why it is so high???!!!
submitted by connygy to BitcoinBeginners [link] [comments]

AMFEIX is the world first blockchain fund built on eutherum smart contracts .let the professionals trade for you so you can stack up on your satoshis.profit and loss is calculated in bitcoin September net return btc was 9.8% Furthermore there's no entry fee just a 20% profit fee .

AMFEIX is the world first blockchain fund built on eutherum smart contracts .let the professionals trade for you so you can stack up on your satoshis.profit and loss is calculated in bitcoin September net return btc was 9.8% Furthermore there's no entry fee just a 20% profit fee . submitted by gevineason to u/gevineason [link] [comments]

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Find out the latest Bitcoin (BTC) value with cryptocurrency calculator. Convert Bitcoin and other cryptocurrency into any world currency including USD, GBP, EUR, CNY, JPY, and more Predicting bitcoin fees for transactions. Fees are displayed in Satoshis/byte of data. Miners usually include transactions with the highest fees first. Bitcoin Fee Estimator / Calculator. BitcoinFees is a simple and very accurate Bitcoin fee estimator. The tool is displaying a chart of current mempool transactions ordered by fee value. This makes it easy to choose the optimal fee for your transaction based on confirmation time. Just pick a time period and use the suggested fee. We are using Bitcoin Core's embedded fee calculator. Different ... he CoinDesk Bitcoin Calculator converts bitcoin into any world currency using the Bitcoin Price Index, including USD, GBP, EUR, CNY, JPY, and more. Bitcoin Fees Bitcoin Fees Calculator Bitcoin Fees Rate – Up to Date Promotions, Information and News about Current Bitcoin Fees.Get the Best and Top Reviews .

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