Bitcoin cli asks to use estimatesmartfee with new syntax that is not described in docs

1

In previous versions of bitcoin-cli I've successfully used estimatesmartfee 2 syntax. But now cli answers {'errors': ['Insufficient data or no feerate found'], 'blocks': 0}. How should I estimate fee now?

Vassily Vorobyov

Posted 2018-07-22T21:57:37.843

Reputation: 135

How long has bitcoind been running? – Raghav Sood – 2018-07-22T22:10:43.087

About 10 minutes – Vassily Vorobyov – 2018-07-22T22:16:11.420

I use bitcoind v 0.16 – Vassily Vorobyov – 2018-07-22T22:16:45.200

Answers

5

estimatesmartfee requires that bitcoind have been running long enough to gather data about the current fee rates on the network. This can take some time. Try running it again after a few hours, or a day or so, once it has collected data.

Raghav Sood

Posted 2018-07-22T21:57:37.843

Reputation: 10 897

Asked: 2018-07-22T21:57:37.843

Viewed: 603 times

Active: 2018-07-22T22:22:10.250