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Title: help with bitcoin transfer between address and wallets Post by: anon4250158 on January 21, 2014, 09:14:03 AM I'm very new to bitcoin, and I wanted to see how it works. So I downloaded Multibit and created a wallet with several addresses. After getting about 20k satoshi in each while trying different things, I would like to consolidate them into a single address with a Bitcoin-qt wallet (for cold storage). Obviously, I don't have much bitcoin, so I was hoping to try to do this without a transaction fee. All three addresses in Multibit have multiple small (5k satoshi) incoming transactions that are each about 7kb, and are spread out over the last week. How can I send the BTC between addresses and wallets without the usual 0.0001BTC/kb fee?
Title: Re: help with bitcoin transfer between address and wallets Post by: lucas.arvalo84 on January 21, 2014, 09:30:27 AM You can't.
Title: Re: help with bitcoin transfer between address and wallets Post by: mearylll on January 21, 2014, 09:51:50 AM You can try wait few years if 5k satoshi becomes worth something, you cant send it without fee now.
But nice to see someone thinking for cold storage for like 10K satoshi Title: Re: help with bitcoin transfer between address and wallets Post by: anon4250158 on January 21, 2014, 10:28:23 AM oh boy. What if I had 0.1BTC in each of those accounts, but they were all accumulated through hundreds of transactions? What's the point of BTC faucets if you can't do anything with the tiny amount they give you? If it can never move out of an account, it's just a waste of satoshi, right? I would have thought it would make more sense to impose a fee on large transfers rather than the small ones (tax the rich, not the poor, etc).
Title: Re: help with bitcoin transfer between address and wallets Post by: BookLover on January 21, 2014, 03:52:26 PM The required fee on small transactions is to prevent spam transactions from bloating the blockchain. There are multiple warning about faucets on this forum because of this very issue. :P If you have more btc you can combine inputs to send your coins without a fee.
Title: Re: help with bitcoin transfer between address and wallets Post by: Rannasha on January 21, 2014, 04:20:43 PM oh boy. What if I had 0.1BTC in each of those accounts, but they were all accumulated through hundreds of transactions? What's the point of BTC faucets if you can't do anything with the tiny amount they give you? If it can never move out of an account, it's just a waste of satoshi, right? I would have thought it would make more sense to impose a fee on large transfers rather than the small ones (tax the rich, not the poor, etc). The point of faucets is to make money for the operator by serving ads to the visitors. The amounts of coin they give out are too small to be useful with current fee and dust limits on the network. Title: Re: help with bitcoin transfer between address and wallets Post by: DannyHamilton on January 21, 2014, 04:55:49 PM oh boy. What if I had 0.1BTC in each of those accounts, but they were all accumulated through hundreds of transactions? What's the point of BTC faucets if you can't do anything with the tiny amount they give you? If it can never move out of an account, it's just a waste of satoshi, right? I would have thought it would make more sense to impose a fee on large transfers rather than the small ones (tax the rich, not the poor, etc). The point of faucets is to lure unsuspecting unknowledgeable people with useless payouts so they can sell add space to advertisers and rake in large profits for themselves. The operators of the faucets know that the amounts they are paying out will cause problems for the recipients, but they don't care. By the time the recipient realizes the problem, they will have already spread the popularity of the faucet through word-of-mouth, and will have already earned a significant income for the faucet operator. The frustrated user has very little recourse and moves on a bit wiser for the trouble. |