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Author Topic: Campaign managers, time to use Segwit and require your posters to use it too  (Read 604 times)
Wind_FURY (OP)
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January 08, 2018, 04:58:55 AM
 #21

Please do not forget to give us some feedback on how much your new Segwit supporting signature campaigns are saving you and your participants some Bitcoins from the reduced fees. Thanks.
Not needed. You can calculate this yourself. Fees for SegWit TXs: size (excl. witness) + witness size/4 = total size * fee-rate. Fees for legacy TXs: size * fee-rate. For a regular 1 in, two outs transaction of ~226 bytes * 409 sat/byte =
for a transaction of 226 bytes: 0.00092434.
A SW (1 in two outs) TX would be ~180 bytes * 409/sat/bytes: 0.00073620 BTC.

The more SW inputs you have (as opposed to legacy ones), the savings are greater. Let's see what happens when consolidating.
Legacy - 20 in, 1 out: ~3004 bytes, 0.01228636 BTC (178.6$).
SW - 20 in, 1 out: ~2046 bytes, 0.00836814 BTC (121.4$).

Thanks but sharing personal experiences by users of Segwit enabled wallets would help my campaign for Segwit usage around the forum.

Feedback also differs from user to user. Ethan_nx of Yolodice believes the 30% discount in fees is not worth it and does not see Segwit as the solution for scaling. But Bustadice see the 25% -30% "not earth-shattering, but pretty nice".

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