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BTC - Transaction Fee Range (Sat)
Description
The Bitcoin Transaction Fee Range shows the range of transaction fees in Satoshis. Averaged minimum values are given alongside ceiling maximum values .
Bitcoin's USD Market Price is included for reference.
Pseudocode
for each block in blockchain:
min.y := min(block.tx[].fee)
max.y := max(block.tx[].fee)
(x,y1,y2) := (block.time, min.y, max.y)
for each hour in blockchain:
hr_txfees_min := avg(blockchain[hr_start:hr_end].min.y)
hr_txfees_max := max(blockchain[hr_start:hr_end].max.y)
(x,y1,y2) := (hour, hr_txfees_min, hr_txfees_max)
for each day in blockchain:
day_txfees_min := avg(blockchain[day_start:day_end].min.y)
day_txfees_max := max(blockchain[day_start:day_end].max.y)
(x,y1,y2) := (day, day_txfees_min, day_txfees_max)
Technical Info
Transaction fee range indicates the min and max Satoshis paid per transaction within the timeframe. Since SegWit was introduced, even during times of high network activity and demand, the fees per transaction and fee rates have been significantly reduced. While SegWit and lower fees are good for users, miners' profitability pays the price.
The groupings are chosen to help show the spread between minimum and maximum fees. If the metric's minimum value used an absolute minimum function rather than average, most values quickly move to zero. The more aggregation in a timeframe (zoomed out), the more likely there is a zero-fee transaction within that group. The daily fee true minimum is almost always zero, and not currently planned on being charted.
- Hourly and daily data grouping is done using average for this metric's minimum series.
- Hourly and daily data grouping is done using max for this metric's maximum series.
- Hourly and daily aggregations are derived from block data.
- Hourly data contains occasional gaps; no blocks were generated during these times.
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