Sat Per Byte Calculator

Formula

To calculate the Sat Per Byte:

\[ \text{SPB} = \frac{\text{F}}{\text{TS}} \]

Where:

\(\text{SPB}\) is the Sat Per Byte
\(\text{F}\) is the Total Fee for the transaction (sats)
\(\text{TS}\) is the Transaction Size (bytes)

What is Sat Per Byte?

Sat per byte is a unit of measure used to express the fee rate for a Bitcoin transaction. It represents the amount of satoshis (the smallest unit of Bitcoin) that a user is willing to pay for every byte of transaction data. This rate is important for users to understand as it affects how quickly a transaction is likely to be confirmed on the Bitcoin network. Miners prioritize transactions with higher fee rates, so a higher sat per byte can lead to faster confirmations.

Example Calculation 1

Let's assume the following values:

Total Fee (\(\text{F}\)) = 1000 sats
Transaction Size (\(\text{TS}\)) = 250 bytes

Using the formula:

\[ \text{SPB} = \frac{1000}{250} = 4 \, \text{sats/byte} \]

The Sat Per Byte is 4 sats/byte.

Example Calculation 2

Let's assume the following values:

Total Fee (\(\text{F}\)) = 2000 sats
Transaction Size (\(\text{TS}\)) = 500 bytes

Using the formula:

\[ \text{SPB} = \frac{2000}{500} = 4 \, \text{sats/byte} \]

The Sat Per Byte is 4 sats/byte.