Description: median fee for a Bitcoin transaction confirmed within the next 2 blocks, with 2 inputs and 2 outputs (374 bytes). Period: from March 21 to March 27.
Details: after feedback on a similar post last week (http://bit.ly/1SeLTyI), the median fee is now calculated as:
round(median(fee)x0.374x100)/100
where "fee" equals (bitcoin-cli estimatefee 2) x (bitcoin price), determined at three hour intervals during the whole week (so a median of 56 samples). This week, the old and the new method would have given the same result ($0.05).
Note: a (fast confirming) transaction with 2 inputs and 2 outputs is used as a "typical" transaction instead of a transaction with 1 input and 2 outputs (still safe), to avoid the impression of trying to produce an artificially low fee.
Update: next Sunday
Submitted March 27, 2016 at 09:59PM by sumBTC http://bit.ly/22EXceo
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