Hello,
I am not sure if this is on purpose or not, but it was working fine in 0.11.2
bitcoin-cli estimatefee 1 always returns -1 , higher values still work fine.
Bitcoind already runs since a few days so it should have enough info to estimate.
0.12.0rc5 estimatefee 1 always returns -1 #7545
issue nomnombtc opened this issue on February 16, 2016-
nomnombtc commented at 10:31 PM on February 16, 2016: contributor
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morcos commented at 3:13 AM on February 17, 2016: member
This is a known effect.
estimatefee works by returning the lowest feerate such that 95% of recent transactions of at least that fee rate were confirmed within the target. Before 0.12, the success threshold was 85% but this contributed to being too slow to react to changes in fee market conditions.It is very difficult to have a fee which is high enough to confirm consistently in the next block, this is in part because of transaction propagation delay but mostly due to miners only recreating the block template periodically.
- laanwj added the label TX fees and policy on Feb 17, 2016
- laanwj added the label RPC on Feb 17, 2016
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nomnombtc commented at 10:32 PM on February 17, 2016: contributor
Ok thanks for the explanation, this makes a lot of sense. I guess I close the issue as it seems like expected behaviour.
- nomnombtc closed this on Feb 17, 2016
- MarcoFalke locked this on Sep 8, 2021
