How to consolidate a wallet?

[pw121257]

I have a blockchain.io wallet that receives a number of small payments every day. This now seems to have caused sending fees to have increased drastically.
I get a message about "consolidate" but can not find how to do that.
Help please?

[ranochigo]

You can send a transaction that spends everything in the address A to address A or any other address. Unless you need it urgently, the fees don't have to be huge. You can just include 0.0001BTC/kb of fee and accelerate it using ViaBTC at every hour, eg. 3PM or 4PM. Just in case, you can flag for RBF. Blockchain.info does not currently support opt-in RBF so you need to import your addresses into Electrum.

[pw121257]

Thanks- much appreciated!
I don't understand all of what you say (yet), but with good fortune and google I'll work my way through your suggested fix. I'll presume that this method can be repeated as and when necessary.

[ranochigo]

Thanks- much appreciated!
I don't understand all of what you say (yet), but with good fortune and google I'll work my way through your suggested fix. I'll presume that this method can be repeated as and when necessary.

An example for you to see: https://blockchain.info/tx/051fc6d5963762bfe9ae3ef9235ad7b2b3b5912f4c1ef2aaf809dd7992e6ec23. Click show scripts and coinbase.

I saw that I had several inputs that were relatively low and it made no sense for me to spend them in transactions. Hence, I use coinb.in/#newTransaction to key in my address and pressed the inputs tab to select my inputs with lower values. I then sent the transaction with a lower fee back into my address.

[freebutcaged]

Thanks- much appreciated!
I don't understand all of what you say (yet), but with good fortune and google I'll work my way through your suggested fix. I'll presume that this method can be repeated as and when necessary.

An example for you to see: https://blockchain.info/tx/051fc6d5963762bfe9ae3ef9235ad7b2b3b5912f4c1ef2aaf809dd7992e6ec23. Click show scripts and coinbase.

I saw that I had several inputs that were relatively low and it made no sense for me to spend them in transactions. Hence, I use coinb.in/#newTransaction to key in my address and pressed the inputs tab to select my inputs with lower values. I then sent the transaction with a lower fee back into my address.

How exactly you do it? it shows 0 BTC transacted, it means what that you managed to send a spam like transaction to yourself but what if a miner

Doesn't include it with a low fee? oh also could you tell me how you did put a name on your address showing in blockchain?

[HCP]

The "estimated BTC transacted" that blockchain.info shows is just a guess they make based on addresses and amounts. In this case they're detetcted that the output address is the same as the input address, and that there are no other outputs, so the coins are just going back to the same address.

As for whether or not it gets mined... with a low transaction fee like that... probably not for a long time, if ever... but I suspect that ranochigo will just try and use the ViaBTC Transaction Accelerator to help the transaction pushed into a block.

As for the names being labelled on addresses... that is another "feature" of b.info... I think they have trawled the forums (possibly the user profiles) looking for BTC addresses listed and then labelling them as such...

[ranochigo]

Thanks- much appreciated!
I don't understand all of what you say (yet), but with good fortune and google I'll work my way through your suggested fix. I'll presume that this method can be repeated as and when necessary.

An example for you to see: https://blockchain.info/tx/051fc6d5963762bfe9ae3ef9235ad7b2b3b5912f4c1ef2aaf809dd7992e6ec23. Click show scripts and coinbase.

I saw that I had several inputs that were relatively low and it made no sense for me to spend them in transactions. Hence, I use coinb.in/#newTransaction to key in my address and pressed the inputs tab to select my inputs with lower values. I then sent the transaction with a lower fee back into my address.

it means what that you managed to send a spam like transaction to yourself but what if a miner

Doesn't include it with a low fee? oh also could you tell me how you did put a name on your address showing in blockchain?

It doesn't really matter to me since the sum isn't a whole lot and I don't need it anytime soon. The rationale behind me using a low fee and advising opt-in RBF is such that I can easily push another transaction to replace the unconfirmed transaction whenever I want if I need it.

Blockchain.info doesn't really crawl sites. You have to submit it manually. https://blockchain.info/tags. It will only appear on Blockchain.info.

As for whether or not it gets mined... with a low transaction fee like that... probably not for a long time, if ever... but I suspect that ranochigo will just try and use the ViaBTC Transaction Accelerator to help the transaction pushed into a block.

Bingo. I actually forgot about pushing it to ViaBTC.

[HCP]

Blockchain.info doesn't really crawl sites. You have to submit it manually. https://blockchain.info/tags. It will only appear on Blockchain.info.

Ahhh... I didn't know they had that... I just saw someone else bitching about having been tagged... and wanting it removed, so I thought it was automated.

I guess that maybe they got tagged by someone else before b.info decided you need to sign a message from the address you are trying to tag

[amaclin]

An example for you to see: https://blockchain.info/tx/051fc6d5963762bfe9ae3ef9235ad7b2b3b5912f4c1ef2aaf809dd7992e6ec23. Click show scripts and coinbase.
I saw that I had several inputs that were relatively low and it made no sense for me to spend them in transactions. Hence, I use coinb.in/#newTransaction to key in my address and pressed the inputs tab to select my inputs with lower values. I then sent the transaction with a lower fee back into my address.

You can save small amount of your funds and leave more space in block for others moving to address with "compressed" public key