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Title: [question] how to use segwit to save on transaction fees Post by: ccminer.net on August 27, 2017, 08:54:10 PM Hi,
I know few days ago SEGWIT finally started for BTC. I know that thanks to it we can save on tx fees, but I have no idea how to use it with my bitcoin core wallet (currently version v0.14.1.0-g964a185) Please guide me on this THX Title: Re: [question] how to use segwit to save on transaction fees Post by: jackg on August 27, 2017, 09:06:12 PM Hi, I know few days ago SEGWIT finally started for BTC. I know that thanks to it we can save on tx fees, but I have no idea how to use it with my bitcoin core wallet (currently version v0.14.1.0-g964a185) Please guide me on this THX It should work automatically with your core I think. Although I think it has to be on addresses that begin with a 3 (segwit addresses). Title: Re: [question] how to use segwit to save on transaction fees Post by: ccminer.net on August 27, 2017, 09:31:30 PM Hi, I know few days ago SEGWIT finally started for BTC. I know that thanks to it we can save on tx fees, but I have no idea how to use it with my bitcoin core wallet (currently version v0.14.1.0-g964a185) Please guide me on this THX It should work automatically with your core I think. Although I think it has to be on addresses that begin with a 3 (segwit addresses). Please try to be a bit more specific Title: Re: [question] how to use segwit to save on transaction fees Post by: jackg on August 27, 2017, 09:47:07 PM Hi, I know few days ago SEGWIT finally started for BTC. I know that thanks to it we can save on tx fees, but I have no idea how to use it with my bitcoin core wallet (currently version v0.14.1.0-g964a185) Please guide me on this THX It should work automatically with your core I think. Although I think it has to be on addresses that begin with a 3 (segwit addresses). Please try to be a bit more specific I assumed it would be automatic. And doing a quick search, i can see no guides that say how to use segiwt, just it's benefits from the core devs. I may have to wait for someone more technical so come online who understands this update better than I do as it involves sending a transaction with a segregated witness address. Title: Re: [question] how to use segwit to save on transaction fees Post by: ccminer.net on August 27, 2017, 09:55:46 PM Hi, I know few days ago SEGWIT finally started for BTC. I know that thanks to it we can save on tx fees, but I have no idea how to use it with my bitcoin core wallet (currently version v0.14.1.0-g964a185) Please guide me on this THX It should work automatically with your core I think. Although I think it has to be on addresses that begin with a 3 (segwit addresses). Please try to be a bit more specific I assumed it would be automatic. And doing a quick search, i can see no guides that say how to use segiwt, just it's benefits from the core devs. I may have to wait for someone more technical so come online who understands this update better than I do as it involves sending a transaction with a segregated witness address. Thank you! I hope some one more tech than us could help us to understand in a proper way this update! Title: Re: [question] how to use segwit to save on transaction fees Post by: DannyHamilton on August 27, 2017, 09:58:44 PM While Bitcoin Core now recognizes and validates SegWit transactions if they occur, there is no user interface yet to make use of the functionality.
Title: Re: [question] how to use segwit to save on transaction fees Post by: TryNinja on August 27, 2017, 10:24:28 PM For now, you can use the command "addwitnessaddress addr", where addr is an existing P2PKH or P2SH address of yours. It will construct a P2SH-P2WPKH or P2SH-P2WSH address with the same key/script, if known to be valid[1].
Obviously it would be better to wait until we have more user-friendly implementations from all main wallets if you are not an expert user. [1] https://bitcoin.stackexchange.com/questions/57832/how-to-generate-segwit-address Title: Re: [question] how to use segwit to save on transaction fees Post by: jackg on August 27, 2017, 10:28:57 PM For now, you can use the command "addwitnessaddress addr", where addr is an existing P2PKH or P2SH address of yours. It will construct a P2SH-P2WPKH or P2SH-P2WSH address with the same key/script, if known to be valid[1]. Obviously it would be better to wait until we have more user-friendly implementations from all main wallets if you are not an expert user. [1] https://bitcoin.stackexchange.com/questions/57832/how-to-generate-segwit-address Sorry for sending this slightly off-topic, but is this just bitcoin core that can be used to make a signed transaction or is there any alternative client that will acccept such transactions (obviously by client I mean software, I know that the hardware wallets are able to handle these transactions already - apparently)? Title: Re: [question] how to use segwit to save on transaction fees Post by: ccminer.net on August 28, 2017, 12:34:37 AM For now, you can use the command "addwitnessaddress addr", where addr is an existing P2PKH or P2SH address of yours. It will construct a P2SH-P2WPKH or P2SH-P2WSH address with the same key/script, if known to be valid[1]. Obviously it would be better to wait until we have more user-friendly implementations from all main wallets if you are not an expert user. [1] https://bitcoin.stackexchange.com/questions/57832/how-to-generate-segwit-address I did so and the console created a new address based on one of mine previous ones. Good!! Now what should I do? |