Gustav Simonsson
May 26, 2018 · 1 min read

It’s based on BlockCypher’s estimate of what is required to get in the next 1–2 blocks. AFAIK their estimates have generally been pretty accurate, though if what you say is true then we should probably reach out to them as users of their APIs may overpay fees.

Both BTC and ETH regularly sees periods where all pending txs are cleared out, and then it’s easy to argue that either chain is way cheaper than the other. What’s far more interesting to me is statistics like https://bitinfocharts.com/comparison/bitcoin-transactionfees.html that show that average BTC tx fees have ranged from $0.8 to $30 in 2018.

    Gustav Simonsson

    Written by