From https://bitcoinfees.earn.com/ I can see a list of bitcoin satoshi fees/byte
From https://thenextweb.com/hardfork/2018/07/12/bitcoin-block-size/ I can see that we can have block sizes of up to 2mb with segwit.
If I assume that segwit adoption increases in the next year, then I will base all calculations on the block size being ~2mb.
How do I back-of-envelope calculate total fees in bitcoin spent daily?
Assuming 6 blocks / hour, & with 24 hours in a day, is it:
~satoshiFee * 2m * 6 * 24
Which, assuming an average satoshi fee of 10 (using https://bitcoinfees.info/)
10 * 2m * 6 * 24
And in BTC that's divided by 10^8, so we'd get:
20m * 144 / 10^8 = 28.8
Is that correct?