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Could a miner who wanted more transaction fees manipulate the fee produced by estimatefee? If so, what percentage of hashpower would it take, and how long would you need it?

  • It's an estimator based on the assumed policy of recently mined blocks, that is, if a large miner has a policy that only takes transactions paying 1BTC per kilobyte then the estimation will naturally rise. I'm not what you would class as manipulation in that versus estimatefee working as intended. Most wallets currently pay a flat fee per kilobyte, so I doubt much research has been done into it thus far anyway. – Anonymous Jun 27 '15 at 4:38
  • @Bitcoin What if the miner used his own money pay transaction fees, to pretend that there were more transactions paying 1 BTC than there really are? – Nick ODell Jun 27 '15 at 15:43
  • I don't think that would have much effect but I'll look into it. You would have to be pretty determined to do that, if you attempted a sizable amount of "fake" fees in a block someone can just fork yours out and take the fees for themselves. – Anonymous Jun 27 '15 at 22:12
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No, estimatefee is calculated locally by bitcoind in function of some statistics done on mempool.

  • Ok, but those transactions are received from remote nodes, right? – Nick ODell Jul 4 '15 at 1:53
  • ye, but not from a single node. A miner can't change your estimatefee behavior. – lorenzoasr Jul 7 '15 at 20:41
  • Miners can change your estimatefee behavior. For example, they can accept very low fee transactions. – Nick ODell Jul 7 '15 at 22:15
  • In your question you are talking about "a miner", and the answer is no, a single miner cannot do this. – lorenzoasr Jul 9 '15 at 0:35

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