[bisq-network/bisq] How are Bisq's BTC mining fees for trades calculated? (#5459)

pazza notifications at github.com
Mon May 3 03:20:28 CEST 2021


Thought I would post this question here as I have not seen the specifics of how mining fees on Bisq are calculated anywhere.

>From regularly monitoring https://mempool.space/ when looking to place a trade I understand the basics: 

- Quiet mempool generally means lower fees
- Quiet mempool with recently completed block with high average fees = high fees 
- Quiet mempool with current block with high average fees = high fees
- Quiet mempool with current blocks <10 sat/ vB = minimum 10 sats / vB charged

A rough rule of thumb seems to be:

(Last block average s/vB + current block average s/vB) / 2 = current s/vB fees for Bisq's BTC mining fees for trades

On different instances of Bisq prices seem to update at different times. When two instances of Bisq are running then prices are often different. I assume this is due to the nodes they are connected to?

So, questions:

- Is the calculation of how Bisq mining fees documented in Github anywhere?
- Is the minimum fee level of  current Bisq trades 10 sats/vB documented in GitHub issue anywhere?

Maybe I am getting too excited by the current low fees but I would love see the 10 sat/vB reversed to save some sats on my trades. I am happy to take the risk that they take longer to confirm when making an offer. I am not time sensitive and happy tp wait for the low sats :)


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