diff --git a/include/libtorrent/peer_connection.hpp b/include/libtorrent/peer_connection.hpp
index 5fda11429..23aaca60c 100644
--- a/include/libtorrent/peer_connection.hpp
+++ b/include/libtorrent/peer_connection.hpp
@@ -257,8 +257,6 @@ namespace libtorrent
 		const stat& statistics() const { return m_statistics; }
 		void add_stat(size_type downloaded, size_type uploaded);
 
-		void calc_ip_overhead();
-
 		// is called once every second by the main loop
 		void second_tick(float tick_interval);
 
diff --git a/include/libtorrent/stat.hpp b/include/libtorrent/stat.hpp
index 671b868de..dfcf82c01 100644
--- a/include/libtorrent/stat.hpp
+++ b/include/libtorrent/stat.hpp
@@ -130,16 +130,16 @@ namespace libtorrent
 				m_stat[i] += s.m_stat[i];
 		}
 
-		void sent_syn()
+		void sent_syn(bool ipv6)
 		{
-			m_stat[upload_ip_protocol].add(40);
+			m_stat[upload_ip_protocol].add(ipv6 ? 60 : 40);
 		}
 
-		void received_synack()
+		void received_synack(bool ipv6)
 		{
 			// we received SYN-ACK and also sent ACK back
-			m_stat[download_ip_protocol].add(40);
-			m_stat[upload_ip_protocol].add(40);
+			m_stat[download_ip_protocol].add(ipv6 ? 60 : 40);
+			m_stat[upload_ip_protocol].add(ipv6 ? 60 : 40);
 		}
 
 		void received_dht_bytes(int bytes)
@@ -184,24 +184,19 @@ namespace libtorrent
 			m_stat[upload_protocol].add(bytes_protocol);
 		}
 
-		// calculate ip protocol overhead
-		void calc_ip_overhead()
+		// and IP packet was received or sent
+		// account for the overhead caused by it
+		void trancieve_ip_packet(int bytes_transferred, bool ipv6)
 		{
-			int uploaded = m_stat[upload_protocol].counter()
-				+ m_stat[upload_payload].counter();
-			int downloaded = m_stat[download_protocol].counter()
-				+ m_stat[download_payload].counter();
-
-			// IP + TCP headers are 40 bytes per MTU (1460)
-			// bytes of payload, but at least 40 bytes
-			m_stat[upload_ip_protocol].add((std::max)(uploaded / 1460, uploaded>0?40:0));
-			m_stat[download_ip_protocol].add((std::max)(downloaded / 1460, downloaded>0?40:0));
-
-			// also account for ACK traffic. That adds to the transfers
-			// in the opposite direction. Even on connections with symmetric
-			// transfer rates, it seems to add a penalty.
-			m_stat[upload_ip_protocol].add((std::max)(downloaded * 40 / 1460, downloaded>0?40:0));
-			m_stat[download_ip_protocol].add((std::max)(uploaded * 40 / 1460, uploaded>0?40:0));
+			// one TCP/IP packet header for the packet
+			// sent or received, and one for the ACK
+			// The IPv4 header is 20 bytes
+			// and IPv6 header is 40 bytes
+			const int header = (ipv6 ? 40 : 20) + 20;
+			const int mtu = 1500;
+			const int overhead = (std::max)(1, bytes_transferred / (mtu - header)) * header;
+			m_stat[download_ip_protocol].add(overhead);
+			m_stat[upload_ip_protocol].add(overhead);
 		}
 
 		int upload_ip_overhead() const { return m_stat[upload_ip_protocol].counter(); }
diff --git a/src/kademlia/dht_tracker.cpp b/src/kademlia/dht_tracker.cpp
index 8c9472f05..00830692f 100644
--- a/src/kademlia/dht_tracker.cpp
+++ b/src/kademlia/dht_tracker.cpp
@@ -430,7 +430,7 @@ namespace libtorrent { namespace dht
 	{
 		mutex_t::scoped_lock l(m_mutex);
 		// account for IP and UDP overhead
-		m_received_bytes += bytes_transferred + 28;
+		m_received_bytes += bytes_transferred + (ep.address().is_v6() ? 48 : 28);
 
 		node_ban_entry* match = 0;
 		node_ban_entry* min = m_ban_nodes;
@@ -1127,7 +1127,7 @@ namespace libtorrent { namespace dht
 		if (m_sock.send(m.addr, &m_send_buf[0], (int)m_send_buf.size(), ec, send_flags))
 		{
 			// account for IP and UDP overhead
-			m_sent_bytes += m_send_buf.size() + 28;
+			m_sent_bytes += m_send_buf.size() + (m.addr.address().is_v6() ? 48 : 28);
 
 #ifdef TORRENT_DHT_VERBOSE_LOGGING
 			m_total_out_bytes += m_send_buf.size();
diff --git a/src/peer_connection.cpp b/src/peer_connection.cpp
index 44486f7ea..6915e4150 100644
--- a/src/peer_connection.cpp
+++ b/src/peer_connection.cpp
@@ -2499,7 +2499,6 @@ namespace libtorrent
 		if (t)
 		{
 			// make sure we keep all the stats!
-			calc_ip_overhead();
 			t->add_stats(statistics());
 
 			if (t->has_picker())
@@ -2754,11 +2753,6 @@ namespace libtorrent
 		m_packet_size = packet_size;
 	}
 
-	void peer_connection::calc_ip_overhead()
-	{
-		m_statistics.calc_ip_overhead();
-	}
-
 	void peer_connection::second_tick(float tick_interval)
 	{
 		ptime now(time_now());
@@ -3508,6 +3502,8 @@ namespace libtorrent
 		TORRENT_ASSERT(m_channel_state[download_channel] == peer_info::bw_network);
 		m_channel_state[download_channel] = peer_info::bw_idle;
 
+		m_statistics.trancieve_ip_packet(bytes_transferred, m_remote.address().is_v6());
+
 		if (error)
 		{
 #if defined TORRENT_VERBOSE_LOGGING || defined TORRENT_ERROR_LOGGING
@@ -3707,7 +3703,7 @@ namespace libtorrent
 		m_socket->async_connect(m_remote
 			, bind(&peer_connection::on_connection_complete, self(), _1));
 		m_connect = time_now();
-		m_statistics.sent_syn();
+		m_statistics.sent_syn(m_remote.address().is_v6());
 
 		if (t->alerts().should_post<peer_connect_alert>())
 		{
@@ -3747,7 +3743,7 @@ namespace libtorrent
 
 		// this means the connection just succeeded
 
-		m_statistics.received_synack();
+		m_statistics.received_synack(m_remote.address().is_v6());
 
 		TORRENT_ASSERT(m_socket);
 #if defined TORRENT_VERBOSE_LOGGING || defined TORRENT_LOGGING
@@ -3803,6 +3799,8 @@ namespace libtorrent
 		if (!m_ignore_bandwidth_limits)
 			m_bandwidth_limit[upload_channel].use_quota(bytes_transferred);
 
+		m_statistics.trancieve_ip_packet(bytes_transferred, m_remote.address().is_v6());
+
 #ifdef TORRENT_VERBOSE_LOGGING
 		(*m_logger) << "wrote " << bytes_transferred << " bytes\n";
 #endif
diff --git a/src/torrent.cpp b/src/torrent.cpp
index 270a56785..7c5d73c54 100644
--- a/src/torrent.cpp
+++ b/src/torrent.cpp
@@ -4241,7 +4241,6 @@ namespace libtorrent
 		{
 			peer_connection* p = *i;
 			++i;
-			p->calc_ip_overhead();
 			m_stat += p->statistics();
 			// updates the peer connection's ul/dl bandwidth
 			// resource requests