I want to know what will happen in the following scenario.
Let's say i have 5 different addresses, all of them have single inputs, meaning they all have received one payment each. Let's say i have another address, Address "X" and i transfer all the btcs from those 5 addresses to Address "X". Will it become a single input for address "X"? Or I will still have the 5 inputs. I just want to know this because of recent fee hikes. I have many addresses with smaller denominations and want some to join up some, what's the best way of achieving this?
Your transaction will have 5 inputs but there will only be one resulting input.
Think of it as having 5 ice cubes and you melt it down and freeze it again, it will be come one giant ice cube. The transaction basically make nodes to delete 5 from the addresses from their UXTO list and create one. This effectively combines them into 1. Just a reminder, you still have to pay the transaction fee for the transaction. You can always use a lower fee if you don't need it in a hurry.
