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Title: Too many inputs in my transactions Post by: arcanaaerobics on May 20, 2016, 08:08:14 AM I have too many inputs when I try to send some bitcoins, up to 10 inputs or more per transaction.
I was thinking of sending myself all my BTC to a single address with a very low fee so I wouldn't care if it takes too long or if it gets rejected it will be returned to me, is my reasonning correct ? or is there any risk in that ? Title: Re: Too many inputs in my transactions Post by: merelcoin on May 20, 2016, 08:10:37 AM I have too many inputs when I try to send some bitcoins, up to 10 inputs or more per transaction. I was thinking of sending myself all my BTC to a single address with a very low fee so I wouldn't care if it takes too long or if it gets rejected it will be returned to me, is my reasonning correct ? or is there any risk in that ? as far as i know, your reasoning is correct... Creating a transaction with many inputs and one output to yourself with a very low fee, and keep on rebroadcasting untill it gets included in a block will lead to a single input in your wallet, thus lowering the fee when you first use this input to create a new transaction Title: Re: Too many inputs in my transactions Post by: jacobmayes94 on May 21, 2016, 12:46:30 AM I read this can be a problem with the ledger wallet, receiving many payments from a pool like I am to a ledger wallet, I periodically will move them all to a single address to solve this exact problem. Too many inputs slows the signing chip inside greatly as each input must be signed.
Title: Re: Too many inputs in my transactions Post by: bitcoineverything on May 21, 2016, 07:49:47 AM I have too many inputs when I try to send some bitcoins, up to 10 inputs or more per transaction. I was thinking of sending myself all my BTC to a single address with a very low fee so I wouldn't care if it takes too long or if it gets rejected it will be returned to me, is my reasonning correct ? or is there any risk in that ? No one knows that you are sending bitcoin to yourself, so there is no risk of fraud there. Also, it will not take long as it will be comfirmed the same speed as other transactions. You should also include a fee for fast confirmation. Title: Re: Too many inputs in my transactions Post by: spiz0r on May 31, 2016, 05:50:41 AM Also it is a good idea to wait some weeks before sending, so it get a higher priority.
Title: Re: Too many inputs in my transactions Post by: sanas on June 01, 2016, 06:09:30 AM Also it is a good idea to wait some weeks before sending, so it get a higher priority. The higher priority helps a lot. A few months ago, I sent some coins with very high priority and did not pay a fee. |