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Author Topic: [DEC 2018] Fees are low, use this opportunity to Consolidate your small inputs!  (Read 3815 times)
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gentlemand
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September 01, 2018, 08:05:37 PM
 #61

I am really, really interested to see what happens to fees this time around if movement heats up big time again.

Since the last glut we've had massively increased batching, more Segwit and - whisper it - Bcash and Bitmain looking weaker than ever so the chance of blockchain spamming by vested interests to scare people into it may be considerably lower.

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September 22, 2018, 05:05:27 AM
 #62

I am really, really interested to see what happens to fees this time around if movement heats up big time again.

Is it anywhere related to scaling? Will SegWit also be unable to keep it lower for longer term?

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Since the last glut we've had massively increased batching, more Segwit and - whisper it - Bcash and Bitmain looking weaker than ever so the chance of blockchain spamming by vested interests to scare people into it may be considerably lower.

I think it's good enough for the health of altcoins when Bitcoin blocks go full and fees go high (just a thought), as everyone starts to look for alternatives to cope up with the situation that occurs everytime the network becomes malicious with spamming and needs to get many of those big fee transactions flushed out for these low-fee days to be seen again.

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October 16, 2018, 03:12:35 AM
 #63

It's once again starting to appreciate higher from previous days and I even saw mempool clogged with too many transactions during last few days. I've had a test transaction that went wrong, I checked how much time does it take to confirm and didn't add more fee (intentionally kept priority at normal) and it turned grey for me. This is the transaction that confirmed after ~9 hours - https://www.blockchain.com/btc/tx/fb266692b2b43d511be23f6de16c9eeb63af331f9c444b65a07ccf076c89b695

I also have a thread regarding this - https://bitcointalk.org/index.php?topic=5050686.0

P.S.: Posted my thread reference here for others to learn not to make such mistakes.

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November 17, 2018, 09:17:18 AM
 #64

Interesting subject, it put another perspective in the Bitcoin process. The Fees and the number of inputs, maybe auto-optimizing should be a feature, most people wouldn't know how to consolidate their wallet.

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December 07, 2018, 07:40:58 PM
 #65

I feel this thread should be more active. Since fees are still low and I have within 25 blocks transactions taking just an hour to clear (at most). It’s probably good to try and keep it bumped...

Although electrum doesn’t go below 2 says per byte now (since I last tried it anyway).

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December 07, 2018, 07:46:58 PM
 #66

Although electrum doesn’t go below 2 says per byte now (since I last tried it anyway).
You can manually adjust the fee in Electrum.

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December 09, 2018, 12:25:24 PM
 #67

Consolidate Bump!

Picture of my son's savings loading...

In the past week, I saw recommended fees rise to more than 50 sat/byte, when blocks were full during large market fluctuations. Fees are low again! Consolidate your small inputs while you can, low fees won't last forever.

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December 09, 2018, 12:42:53 PM
 #68

Although electrum doesn’t go below 2 says per byte now (since I last tried it anyway).
You can manually adjust the fee in Electrum.

It didn’t let me go forth with that though... greyed out the slider and everything...

I’ll have to try it again sometime, i probably went wrong somewhere.

I’ll move some to lightning in the summer and put the rest in cold storage so it shouldn’t matter...

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December 09, 2018, 12:51:53 PM
 #69

It didn’t let me go forth with that though... greyed out the slider and everything...
Preferences > Edit fees manually > then try again Smiley

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