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25bf86a225
[test]: ensure `estimatesmartfee` default mode is `economical` (ismaelsadeeq)41a2545046
[fees]: change `estimatesmartfee` default mode to `economical` (ismaelsadeeq) Pull request description: Fixes #30009 This PR changes the `estimatesmartfee` default mode to `economical`. This was also suggested on IRC https://bitcoin-irc.chaincode.com/bitcoin-core-dev/2024-04-26#1021609 - `conservative` mode: This is the `estimatesmartfee` RPC mode which considers a longer history of blocks. It potentially returns a higher fee rate and is more likely to be sufficient for the desired target, but it is not as responsive to short-term drops in the prevailing fee market. - `economical` mode: This is the `estimatesmartfee` RPC mode where estimates are potentially lower and more responsive to short-term drops in the prevailing fee market. Since users are likely to use the default mode, this change will reduce overestimation for many users. The conservative mode remains available for those who wish to opt-in. For an in-depth analysis of how significantly the `conservative` mode overestimates, see https://delvingbitcoin.org/t/bitcoind-policy-estimator-modes-analysis/964. ACKs for top commit: instagibbs: reACK25bf86a225
glozow: ACK25bf86a225
willcl-ark: ACK25bf86a225
Tree-SHA512: 78ebda667eb9c8f87dcc2f0e6c14968bd1de30358dc77a13611b186fb8427ad97d9f537bad6e32e0a1aa477ccd8c64fee4d41e19308ef3cb184ff1664e6ba8a6
482 lines
20 KiB
Python
Executable file
482 lines
20 KiB
Python
Executable file
#!/usr/bin/env python3
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# Copyright (c) 2014-2022 The Bitcoin Core developers
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# Distributed under the MIT software license, see the accompanying
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# file COPYING or http://www.opensource.org/licenses/mit-license.php.
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"""Test fee estimation code."""
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from copy import deepcopy
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from decimal import Decimal
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import os
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import random
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import time
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from test_framework.messages import (
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COIN,
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)
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from test_framework.test_framework import BitcoinTestFramework
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from test_framework.util import (
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assert_equal,
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assert_greater_than,
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assert_greater_than_or_equal,
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assert_raises_rpc_error,
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satoshi_round,
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)
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from test_framework.wallet import MiniWallet
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MAX_FILE_AGE = 60
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SECONDS_PER_HOUR = 60 * 60
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def small_txpuzzle_randfee(
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wallet, from_node, conflist, unconflist, amount, min_fee, fee_increment, batch_reqs
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):
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"""Create and send a transaction with a random fee using MiniWallet.
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The function takes a list of confirmed outputs and unconfirmed outputs
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and attempts to use the confirmed list first for its inputs.
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It adds the newly created outputs to the unconfirmed list.
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Returns (raw transaction, fee)."""
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# It's best to exponentially distribute our random fees
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# because the buckets are exponentially spaced.
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# Exponentially distributed from 1-128 * fee_increment
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rand_fee = float(fee_increment) * (1.1892 ** random.randint(0, 28))
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# Total fee ranges from min_fee to min_fee + 127*fee_increment
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fee = min_fee - fee_increment + satoshi_round(rand_fee)
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utxos_to_spend = []
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total_in = Decimal("0.00000000")
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while total_in <= (amount + fee) and len(conflist) > 0:
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t = conflist.pop(0)
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total_in += t["value"]
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utxos_to_spend.append(t)
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while total_in <= (amount + fee) and len(unconflist) > 0:
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t = unconflist.pop(0)
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total_in += t["value"]
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utxos_to_spend.append(t)
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if total_in <= amount + fee:
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raise RuntimeError(f"Insufficient funds: need {amount + fee}, have {total_in}")
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tx = wallet.create_self_transfer_multi(
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utxos_to_spend=utxos_to_spend,
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fee_per_output=0,
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)["tx"]
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tx.vout[0].nValue = int((total_in - amount - fee) * COIN)
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tx.vout.append(deepcopy(tx.vout[0]))
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tx.vout[1].nValue = int(amount * COIN)
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tx.rehash()
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txid = tx.hash
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tx_hex = tx.serialize().hex()
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batch_reqs.append(from_node.sendrawtransaction.get_request(hexstring=tx_hex, maxfeerate=0))
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unconflist.append({"txid": txid, "vout": 0, "value": total_in - amount - fee})
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unconflist.append({"txid": txid, "vout": 1, "value": amount})
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return (tx.get_vsize(), fee)
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def check_raw_estimates(node, fees_seen):
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"""Call estimaterawfee and verify that the estimates meet certain invariants."""
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delta = 1.0e-6 # account for rounding error
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for i in range(1, 26):
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for _, e in node.estimaterawfee(i).items():
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feerate = float(e["feerate"])
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assert_greater_than(feerate, 0)
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if feerate + delta < min(fees_seen) or feerate - delta > max(fees_seen):
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raise AssertionError(
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f"Estimated fee ({feerate}) out of range ({min(fees_seen)},{max(fees_seen)})"
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)
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def check_smart_estimates(node, fees_seen):
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"""Call estimatesmartfee and verify that the estimates meet certain invariants."""
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delta = 1.0e-6 # account for rounding error
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last_feerate = float(max(fees_seen))
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all_smart_estimates = [node.estimatesmartfee(i) for i in range(1, 26)]
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mempoolMinFee = node.getmempoolinfo()["mempoolminfee"]
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minRelaytxFee = node.getmempoolinfo()["minrelaytxfee"]
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for i, e in enumerate(all_smart_estimates): # estimate is for i+1
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feerate = float(e["feerate"])
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assert_greater_than(feerate, 0)
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assert_greater_than_or_equal(feerate, float(mempoolMinFee))
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assert_greater_than_or_equal(feerate, float(minRelaytxFee))
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if feerate + delta < min(fees_seen) or feerate - delta > max(fees_seen):
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raise AssertionError(
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f"Estimated fee ({feerate}) out of range ({min(fees_seen)},{max(fees_seen)})"
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)
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if feerate - delta > last_feerate:
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raise AssertionError(
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f"Estimated fee ({feerate}) larger than last fee ({last_feerate}) for lower number of confirms"
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)
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last_feerate = feerate
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if i == 0:
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assert_equal(e["blocks"], 2)
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else:
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assert_greater_than_or_equal(i + 1, e["blocks"])
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def check_estimates(node, fees_seen):
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check_raw_estimates(node, fees_seen)
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check_smart_estimates(node, fees_seen)
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def make_tx(wallet, utxo, feerate):
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"""Create a 1in-1out transaction with a specific input and feerate (sat/vb)."""
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return wallet.create_self_transfer(
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utxo_to_spend=utxo,
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fee_rate=Decimal(feerate * 1000) / COIN,
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)
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def check_fee_estimates_btw_modes(node, expected_conservative, expected_economical):
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fee_est_conservative = node.estimatesmartfee(1, estimate_mode="conservative")['feerate']
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fee_est_economical = node.estimatesmartfee(1, estimate_mode="economical")['feerate']
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fee_est_default = node.estimatesmartfee(1)['feerate']
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assert_equal(fee_est_conservative, expected_conservative)
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assert_equal(fee_est_economical, expected_economical)
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assert_equal(fee_est_default, expected_economical)
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class EstimateFeeTest(BitcoinTestFramework):
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def set_test_params(self):
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self.num_nodes = 3
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# whitelist peers to speed up tx relay / mempool sync
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self.noban_tx_relay = True
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self.extra_args = [
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[],
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["-blockmaxweight=68000"],
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["-blockmaxweight=32000"],
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]
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def setup_network(self):
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"""
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We'll setup the network to have 3 nodes that all mine with different parameters.
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But first we need to use one node to create a lot of outputs
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which we will use to generate our transactions.
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"""
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self.add_nodes(3, extra_args=self.extra_args)
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# Use node0 to mine blocks for input splitting
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# Node1 mines small blocks but that are bigger than the expected transaction rate.
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# NOTE: the CreateNewBlock code starts counting block weight at 4,000 weight,
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# (68k weight is room enough for 120 or so transactions)
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# Node2 is a stingy miner, that
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# produces too small blocks (room for only 55 or so transactions)
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def transact_and_mine(self, numblocks, mining_node):
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min_fee = Decimal("0.00001")
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# We will now mine numblocks blocks generating on average 100 transactions between each block
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# We shuffle our confirmed txout set before each set of transactions
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# small_txpuzzle_randfee will use the transactions that have inputs already in the chain when possible
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# resorting to tx's that depend on the mempool when those run out
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for _ in range(numblocks):
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random.shuffle(self.confutxo)
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batch_sendtx_reqs = []
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for _ in range(random.randrange(100 - 50, 100 + 50)):
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from_index = random.randint(1, 2)
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(tx_bytes, fee) = small_txpuzzle_randfee(
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self.wallet,
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self.nodes[from_index],
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self.confutxo,
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self.memutxo,
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Decimal("0.005"),
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min_fee,
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min_fee,
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batch_sendtx_reqs,
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)
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tx_kbytes = tx_bytes / 1000.0
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self.fees_per_kb.append(float(fee) / tx_kbytes)
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for node in self.nodes:
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node.batch(batch_sendtx_reqs)
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self.sync_mempools(wait=0.1)
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mined = mining_node.getblock(self.generate(mining_node, 1)[0], True)["tx"]
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# update which txouts are confirmed
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newmem = []
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for utx in self.memutxo:
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if utx["txid"] in mined:
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self.confutxo.append(utx)
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else:
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newmem.append(utx)
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self.memutxo = newmem
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def initial_split(self, node):
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"""Split two coinbase UTxOs into many small coins"""
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self.confutxo = self.wallet.send_self_transfer_multi(
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from_node=node,
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utxos_to_spend=[self.wallet.get_utxo() for _ in range(2)],
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num_outputs=2048)['new_utxos']
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while len(node.getrawmempool()) > 0:
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self.generate(node, 1, sync_fun=self.no_op)
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def sanity_check_estimates_range(self):
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"""Populate estimation buckets, assert estimates are in a sane range and
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are strictly increasing as the target decreases."""
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self.fees_per_kb = []
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self.memutxo = []
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self.log.info("Will output estimates for 1/2/3/6/15/25 blocks")
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for _ in range(2):
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self.log.info(
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"Creating transactions and mining them with a block size that can't keep up"
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)
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# Create transactions and mine 10 small blocks with node 2, but create txs faster than we can mine
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self.transact_and_mine(10, self.nodes[2])
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check_estimates(self.nodes[1], self.fees_per_kb)
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self.log.info(
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"Creating transactions and mining them at a block size that is just big enough"
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)
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# Generate transactions while mining 10 more blocks, this time with node1
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# which mines blocks with capacity just above the rate that transactions are being created
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self.transact_and_mine(10, self.nodes[1])
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check_estimates(self.nodes[1], self.fees_per_kb)
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# Finish by mining a normal-sized block:
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while len(self.nodes[1].getrawmempool()) > 0:
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self.generate(self.nodes[1], 1)
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self.log.info("Final estimates after emptying mempools")
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check_estimates(self.nodes[1], self.fees_per_kb)
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def test_feerate_mempoolminfee(self):
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high_val = 3 * self.nodes[1].estimatesmartfee(1)["feerate"]
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self.restart_node(1, extra_args=[f"-minrelaytxfee={high_val}"])
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check_estimates(self.nodes[1], self.fees_per_kb)
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self.restart_node(1)
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def sanity_check_rbf_estimates(self, utxos):
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"""During 5 blocks, broadcast low fee transactions. Only 10% of them get
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confirmed and the remaining ones get RBF'd with a high fee transaction at
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the next block.
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The block policy estimator should return the high feerate.
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"""
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# The broadcaster and block producer
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node = self.nodes[0]
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miner = self.nodes[1]
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# In sat/vb
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low_feerate = 1
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high_feerate = 10
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# Cache the utxos of which to replace the spender after it failed to get
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# confirmed
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utxos_to_respend = []
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txids_to_replace = []
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assert_greater_than_or_equal(len(utxos), 250)
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for _ in range(5):
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# Broadcast 45 low fee transactions that will need to be RBF'd
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txs = []
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for _ in range(45):
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u = utxos.pop(0)
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tx = make_tx(self.wallet, u, low_feerate)
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utxos_to_respend.append(u)
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txids_to_replace.append(tx["txid"])
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txs.append(tx)
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# Broadcast 5 low fee transaction which don't need to
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for _ in range(5):
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tx = make_tx(self.wallet, utxos.pop(0), low_feerate)
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txs.append(tx)
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batch_send_tx = [node.sendrawtransaction.get_request(tx["hex"]) for tx in txs]
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for n in self.nodes:
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n.batch(batch_send_tx)
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# Mine the transactions on another node
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self.sync_mempools(wait=0.1, nodes=[node, miner])
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for txid in txids_to_replace:
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miner.prioritisetransaction(txid=txid, fee_delta=-COIN)
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self.generate(miner, 1)
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# RBF the low-fee transactions
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while len(utxos_to_respend) > 0:
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u = utxos_to_respend.pop(0)
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tx = make_tx(self.wallet, u, high_feerate)
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node.sendrawtransaction(tx["hex"])
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txs.append(tx)
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dec_txs = [res["result"] for res in node.batch([node.decoderawtransaction.get_request(tx["hex"]) for tx in txs])]
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self.wallet.scan_txs(dec_txs)
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# Mine the last replacement txs
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self.sync_mempools(wait=0.1, nodes=[node, miner])
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self.generate(miner, 1)
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# Only 10% of the transactions were really confirmed with a low feerate,
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# the rest needed to be RBF'd. We must return the 90% conf rate feerate.
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high_feerate_kvb = Decimal(high_feerate) / COIN * 10 ** 3
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est_feerate = node.estimatesmartfee(2)["feerate"]
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assert_equal(est_feerate, high_feerate_kvb)
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def test_old_fee_estimate_file(self):
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# Get the initial fee rate while node is running
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fee_rate = self.nodes[0].estimatesmartfee(1)["feerate"]
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# Restart node to ensure fee_estimate.dat file is read
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self.restart_node(0)
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assert_equal(self.nodes[0].estimatesmartfee(1)["feerate"], fee_rate)
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fee_dat = self.nodes[0].chain_path / "fee_estimates.dat"
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# Stop the node and backdate the fee_estimates.dat file more than MAX_FILE_AGE
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self.stop_node(0)
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last_modified_time = time.time() - (MAX_FILE_AGE + 1) * SECONDS_PER_HOUR
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os.utime(fee_dat, (last_modified_time, last_modified_time))
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# Start node and ensure the fee_estimates.dat file was not read
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self.start_node(0)
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assert_equal(self.nodes[0].estimatesmartfee(1)["errors"], ["Insufficient data or no feerate found"])
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def test_estimate_dat_is_flushed_periodically(self):
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fee_dat = self.nodes[0].chain_path / "fee_estimates.dat"
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os.remove(fee_dat) if os.path.exists(fee_dat) else None
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# Verify that fee_estimates.dat does not exist
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assert_equal(os.path.isfile(fee_dat), False)
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# Verify if the string "Flushed fee estimates to fee_estimates.dat." is present in the debug log file.
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# If present, it indicates that fee estimates have been successfully flushed to disk.
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with self.nodes[0].assert_debug_log(expected_msgs=["Flushed fee estimates to fee_estimates.dat."], timeout=1):
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# Mock the scheduler for an hour to flush fee estimates to fee_estimates.dat
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self.nodes[0].mockscheduler(SECONDS_PER_HOUR)
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# Verify that fee estimates were flushed and fee_estimates.dat file is created
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assert_equal(os.path.isfile(fee_dat), True)
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# Verify that the estimates remain the same if there are no blocks in the flush interval
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block_hash_before = self.nodes[0].getbestblockhash()
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fee_dat_initial_content = open(fee_dat, "rb").read()
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with self.nodes[0].assert_debug_log(expected_msgs=["Flushed fee estimates to fee_estimates.dat."], timeout=1):
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# Mock the scheduler for an hour to flush fee estimates to fee_estimates.dat
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self.nodes[0].mockscheduler(SECONDS_PER_HOUR)
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# Verify that there were no blocks in between the flush interval
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assert_equal(block_hash_before, self.nodes[0].getbestblockhash())
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fee_dat_current_content = open(fee_dat, "rb").read()
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assert_equal(fee_dat_current_content, fee_dat_initial_content)
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# Verify that the estimates remain the same after shutdown with no blocks before shutdown
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self.restart_node(0)
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fee_dat_current_content = open(fee_dat, "rb").read()
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assert_equal(fee_dat_current_content, fee_dat_initial_content)
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# Verify that the estimates are not the same if new blocks were produced in the flush interval
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with self.nodes[0].assert_debug_log(expected_msgs=["Flushed fee estimates to fee_estimates.dat."], timeout=1):
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# Mock the scheduler for an hour to flush fee estimates to fee_estimates.dat
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self.generate(self.nodes[0], 5, sync_fun=self.no_op)
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self.nodes[0].mockscheduler(SECONDS_PER_HOUR)
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fee_dat_current_content = open(fee_dat, "rb").read()
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assert fee_dat_current_content != fee_dat_initial_content
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fee_dat_initial_content = fee_dat_current_content
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# Generate blocks before shutdown and verify that the fee estimates are not the same
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self.generate(self.nodes[0], 5, sync_fun=self.no_op)
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self.restart_node(0)
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fee_dat_current_content = open(fee_dat, "rb").read()
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assert fee_dat_current_content != fee_dat_initial_content
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def test_acceptstalefeeestimates_option(self):
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# Get the initial fee rate while node is running
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fee_rate = self.nodes[0].estimatesmartfee(1)["feerate"]
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self.stop_node(0)
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fee_dat = self.nodes[0].chain_path / "fee_estimates.dat"
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# Stop the node and backdate the fee_estimates.dat file more than MAX_FILE_AGE
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last_modified_time = time.time() - (MAX_FILE_AGE + 1) * SECONDS_PER_HOUR
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os.utime(fee_dat, (last_modified_time, last_modified_time))
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# Restart node with -acceptstalefeeestimates option to ensure fee_estimate.dat file is read
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self.start_node(0,extra_args=["-acceptstalefeeestimates"])
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assert_equal(self.nodes[0].estimatesmartfee(1)["feerate"], fee_rate)
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def clear_estimates(self):
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self.log.info("Restarting node with fresh estimation")
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self.stop_node(0)
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fee_dat = self.nodes[0].chain_path / "fee_estimates.dat"
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os.remove(fee_dat)
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self.start_node(0)
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self.connect_nodes(0, 1)
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self.connect_nodes(0, 2)
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assert_equal(self.nodes[0].estimatesmartfee(1)["errors"], ["Insufficient data or no feerate found"])
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|
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def broadcast_and_mine(self, broadcaster, miner, feerate, count):
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"""Broadcast and mine some number of transactions with a specified fee rate."""
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for _ in range(count):
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self.wallet.send_self_transfer(from_node=broadcaster, fee_rate=feerate)
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self.sync_mempools()
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self.generate(miner, 1)
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|
|
|
def test_estimation_modes(self):
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low_feerate = Decimal("0.001")
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|
high_feerate = Decimal("0.005")
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tx_count = 24
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# Broadcast and mine high fee transactions for the first 12 blocks.
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|
for _ in range(12):
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|
self.broadcast_and_mine(self.nodes[1], self.nodes[2], high_feerate, tx_count)
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|
check_fee_estimates_btw_modes(self.nodes[0], high_feerate, high_feerate)
|
|
|
|
# We now track 12 blocks; short horizon stats will start decaying.
|
|
# Broadcast and mine low fee transactions for the next 4 blocks.
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|
for _ in range(4):
|
|
self.broadcast_and_mine(self.nodes[1], self.nodes[2], low_feerate, tx_count)
|
|
# conservative mode will consider longer time horizons while economical mode does not
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|
# Check the fee estimates for both modes after mining low fee transactions.
|
|
check_fee_estimates_btw_modes(self.nodes[0], high_feerate, low_feerate)
|
|
|
|
|
|
def run_test(self):
|
|
self.log.info("This test is time consuming, please be patient")
|
|
self.log.info("Splitting inputs so we can generate tx's")
|
|
|
|
# Split two coinbases into many small utxos
|
|
self.start_node(0)
|
|
self.wallet = MiniWallet(self.nodes[0])
|
|
self.initial_split(self.nodes[0])
|
|
self.log.info("Finished splitting")
|
|
|
|
# Now we can connect the other nodes, didn't want to connect them earlier
|
|
# so the estimates would not be affected by the splitting transactions
|
|
self.start_node(1)
|
|
self.start_node(2)
|
|
self.connect_nodes(1, 0)
|
|
self.connect_nodes(0, 2)
|
|
self.connect_nodes(2, 1)
|
|
self.sync_all()
|
|
|
|
self.log.info("Testing estimates with single transactions.")
|
|
self.sanity_check_estimates_range()
|
|
|
|
self.log.info("Test fee_estimates.dat is flushed periodically")
|
|
self.test_estimate_dat_is_flushed_periodically()
|
|
|
|
# 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"
|
|
)
|
|
self.test_feerate_mempoolminfee()
|
|
|
|
self.log.info("Test acceptstalefeeestimates option")
|
|
self.test_acceptstalefeeestimates_option()
|
|
|
|
self.log.info("Test reading old fee_estimates.dat")
|
|
self.test_old_fee_estimate_file()
|
|
|
|
self.clear_estimates()
|
|
|
|
self.log.info("Testing estimates with RBF.")
|
|
self.sanity_check_rbf_estimates(self.confutxo + self.memutxo)
|
|
|
|
self.clear_estimates()
|
|
self.log.info("Test estimatesmartfee modes")
|
|
self.test_estimation_modes()
|
|
|
|
self.log.info("Testing that fee estimation is disabled in blocksonly.")
|
|
self.restart_node(0, ["-blocksonly"])
|
|
assert_raises_rpc_error(
|
|
-32603, "Fee estimation disabled", self.nodes[0].estimatesmartfee, 2
|
|
)
|
|
|
|
|
|
if __name__ == "__main__":
|
|
EstimateFeeTest(__file__).main()
|