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update estimatesmartfee rpc to return max of estimateSmartFee, mempoo…
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…lMinFee and minRelayTxFee.

This will provide better estimates which would be closer to fee paid in actual
transactions.
The test has also been changed such that when the node is restarted with a
high mempoolMinFee, the estimatesmartfee still returns a feeRate greater
than or equal to the mempoolMinFee, minRelayTxFee.(just like the feeRate of actual transactions)

Github-Pull: bitcoin#22722
Rebased-From: b2152f3
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pranabp-bit authored and luke-jr committed Sep 20, 2021
1 parent 42af959 commit 73a5d92
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Showing 2 changed files with 16 additions and 1 deletion.
7 changes: 6 additions & 1 deletion src/rpc/mining.cpp
Original file line number Diff line number Diff line change
Expand Up @@ -1097,6 +1097,8 @@ static RPCHelpMan estimatesmartfee()
RPCTypeCheckArgument(request.params[0], UniValue::VNUM);

CBlockPolicyEstimator& fee_estimator = EnsureAnyFeeEstimator(request.context);
const NodeContext& node = EnsureAnyNodeContext(request.context);
const CTxMemPool& mempool = EnsureMemPool(node);

unsigned int max_target = fee_estimator.HighestTargetTracked(FeeEstimateHorizon::LONG_HALFLIFE);
unsigned int conf_target = ParseConfirmTarget(request.params[0], max_target);
Expand All @@ -1112,7 +1114,10 @@ static RPCHelpMan estimatesmartfee()
UniValue result(UniValue::VOBJ);
UniValue errors(UniValue::VARR);
FeeCalculation feeCalc;
CFeeRate feeRate = fee_estimator.estimateSmartFee(conf_target, &feeCalc, conservative);
CFeeRate feeRate{fee_estimator.estimateSmartFee(conf_target, &feeCalc, conservative)};
CFeeRate min_mempool_feerate{mempool.GetMinFee(gArgs.GetArg("-maxmempool", DEFAULT_MAX_MEMPOOL_SIZE) * 1000000)};
CFeeRate min_relay_feerate{::minRelayTxFee};
feeRate = std::max({feeRate, min_mempool_feerate, min_relay_feerate});
if (feeRate != CFeeRate(0)) {
result.pushKV("feerate", ValueFromAmount(feeRate.GetFeePerK()));
} else {
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10 changes: 10 additions & 0 deletions test/functional/feature_fee_estimation.py
Original file line number Diff line number Diff line change
Expand Up @@ -133,9 +133,13 @@ def check_smart_estimates(node, fees_seen):
delta = 1.0e-6 # account for rounding error
last_feerate = float(max(fees_seen))
all_smart_estimates = [node.estimatesmartfee(i) for i in range(1, 26)]
mempoolMinFee = node.getmempoolinfo()['mempoolminfee']
minRelaytxFee = node.getmempoolinfo()['minrelaytxfee']
for i, e in enumerate(all_smart_estimates): # estimate is for i+1
feerate = float(e["feerate"])
assert_greater_than(feerate, 0)
assert_greater_than_or_equal(feerate, float(mempoolMinFee))
assert_greater_than_or_equal(feerate, float(minRelaytxFee))

if feerate + delta < min(fees_seen) or feerate - delta > max(fees_seen):
raise AssertionError("Estimated fee (%f) out of range (%f,%f)"
Expand Down Expand Up @@ -278,6 +282,12 @@ def run_test(self):
self.log.info("Final estimates after emptying mempools")
check_estimates(self.nodes[1], self.fees_per_kb)

# check that the effective feerate is greater than or equal to the mempoolminfee even for high mempoolminfee
self.log.info("Test fee rate estimation after restarting node with high MempoolMinFee")
high_val = 3*self.nodes[1].estimatesmartfee(1)['feerate']
self.restart_node(1, extra_args=[f'-minrelaytxfee={high_val}'])
check_estimates(self.nodes[1], self.fees_per_kb)

self.log.info("Testing that fee estimation is disabled in blocksonly.")
self.restart_node(0, ["-blocksonly"])
assert_raises_rpc_error(-32603, "Fee estimation disabled",
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