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Title: Privacy = High Fees? Post by: Razick on August 18, 2014, 03:10:50 AM EDIT: The poster below alerted me to my severe logical error. ;D
Everyone who has been around this forum awhile should know that it's not recommended to reuse the same address over and over; instead, it's a good idea to have a different address for each transaction in order to avoid making your finances completely transparent, but there seems to be a downside to this. We seem to be getting to the point where it is becoming harder to be included in a block. The other day I sent 5 inputs totaling 71.35 mBTC with a transaction size of 945 bytes and included the recommended fee of 0.10 mBTC and it took at least ~25 blocks or so to confirm. My concern is that by continuing to use a new address for each transaction as I recently began doing, I'll have to pay high fees when I want to spend my many separate inputs. Am I right? Title: Re: Privacy = High Fees? Post by: DannyHamilton on August 18, 2014, 03:28:05 AM My concern is that by continuing to use a new address for each transaction as I recently began doing, I'll have to pay high fees when I want to spend my many separate inputs. Am I right? Nope. 3 outputs to a single address are still 3 outputs when you spent them. 3 outputs to 3 different addresses are still 3 outputs when you spend them. No difference in transaction size either way. Title: Re: Privacy = High Fees? Post by: Razick on August 18, 2014, 03:48:35 AM My concern is that by continuing to use a new address for each transaction as I recently began doing, I'll have to pay high fees when I want to spend my many separate inputs. Am I right? Nope. 3 outputs to a single address are still 3 outputs when you spent them. 3 outputs to 3 different addresses are still 3 outputs when you spend them. No difference in transaction size either way. Wow I feel stupid, I should have known that. :) |