I have managed to broadcast a new transaction with 1.2 satoshi/byte. Thanks for this suggestion.

I already have managed to change the settings of the mining pool some weeks ago, so that fewer and greater amounts are payed to me. But I have to consolidate the 1080 inputs from the past.

And my future wallet is of segwit type so it should be possible to prevent the problem with the fees in the future.

Thanks to you all. I learned a bit about electrum and transactions in this discussion of my problem.

Thank you very much. I'm going to consolidate my >= 1000 inputs into a new segwit wallet. I can live with the fact that I still pay 86 USD fees for all 1000+ inputs if I use 2 sat/byte. Maybe I consolidate them with 1 sat / byte then I "only" have to pay 43 USD ^^

Hi,

I'm using Electrum 4.0.9 and I have an unexpected problem.

I'm using a wallet that has received thousands of very small amounts of bitcoins (due to mining).

Now I have created another native segwit wallet in order to have bech32 support. I managed to transfer small amounts of bitcoin (two times 0.5).

But now it is difficult to transfer more than just a very small amount because of the number of inputs increases.

Scenario A (transaction size = 519 Bytes):

If I try to transfer 0,01 BTC and I choose a static transaction fee of 2 satoshi/byte then I have to pay a transaction fee of only 0.3 USD, The transaction consists only of 3 inputs.

Scenario B (transaction size = 156957 Bytes):

If I try to transfer 0,04 BTC and I choose a static transaction fee of 2 satoshi/byte then I have to pay a transaction fee of 86 USD, The transaction consists of 1060 inputs and a huge amount is stored on a change address.

If I try to confirm that. I receive an error!

Errormessage:



Transaction details of Scenario A:



Transaction details of Scenario B:

Everyone saw that something went wrong. The lack of communication was a first sign. So the statements of the CEO are good news.

You have to understand whats happened. PWC has quit contracts because they have seen a fraud. They wanted to prevent damage to their name if they continue to audit envion, so they had to quit.

Now the important thing: The CEO took over the company AFTER the fraud was detected (thats what the tech guys called a hijacking or a fraud to them).

But this was the only way to ensure, that only a small part of the money (some millions) is gone. He saved the money of the investors. The money is still on envions bank account available.

The only problem (for the ICO investors!!!) is now, that dividends will be created later as planned.

So the money is saved. Envion will probably become real (later as planned) and dividends will be created in some months. Maybe end of the year. But the money was saved.

So I can only repeat. Consider this as GOOD NEWS. Because somebody tried to steal money and the CEO detected it and saved a huge part of the money.

If the tech guys would be right, the money would have been gone. Then everyone had to wait for some civil court decisions. I think that would take years. But at least I'm sure that this version of the story is correct. Otherwise noone could explain why PWC left envion alone after the creation of the token and NOT after the took over of the majority of the company from the CEO. Just look at the timing.

They are successful ^^

And the story is funny. I dont know why they now earn millions. But its a good joke ^^

Where is it located? How is the prize for electrivity?

I want to know your oppinion for an idea of a mining farm where everyone can participate. Not as a customer like e.g. Genesis mining or hashnest. But as an Investor.

1. A coin/token is generated for the Investors
2. A Company is founded in a state where the regulations for protecting Investors are strict. The Company has stated in his constitution and statutes that the earnings are distributed to token holders
3. Investors investing and getting these Tokens in return. The Major part of the Tokens are sold to the Investors. The Company founders get only some Tokens for their work.
4. The Company is buying miners and locate them to some housing Partners who already were choosen.
5. 3 months after the Investment, the Company starts distributing the complete earnings (maybe later 10-20% are held back for new miner Hardware in order to Keep up with the time) to the tokenholders
6. Step 5 is now regularly (monthly Basis)

If the Project has some Partners that colocate the miners and maybe a Location where they later could build an own dataprocessing Center, this should lead to a constant income.

The mining farm should not only mine BTC (and maybe BCH). So, different miner types are used.

Do you think that this could be a good idea?