Perfect time to consolidate your bitcoin UTXO.

[EL MOHA]

As seen from the image above, I went to check for bitcoin fees currently using the mempool.Space explorer and I found that there has been relatively too low transactions currently in the mempool such that some blocks mined contain few transactions only. This to me might be as a result of the market conditions which is currently consolidating.

One of the advantages of these periods is you can simply consolidate all your little inputs into one such that you can have one UTXO and save fees later when the network gets congested later. Because each UTXO is treated as one input during bitcoin transactions

Although the disadvantages of consolidating your fees is that it links all your addresses together which reduces privacy.

[Charles-Tim]

It will be good if Doan9269 is updating this thread: https://bitcointalk.org/index.php?topic=5544472.msg65419046#msg65419046

[DubemIfedigbo001]

Although the disadvantages of consolidating your fees is that it links all your addresses together which reduces privacy.

About this, coinJoin helps to reduce traceability by allowing multiple people combine their transaction into one big transaction and send to their destination addresses without any output address being traced to any of the senders.

How it works?
For example 10 persons wishes to send 0.2 BTC to themselves to a new address to enhance privacy, instead of having the 10 transactions separately, They do a single transaction together with the inputs having 10 * 0.2BTC from different persons and the output having same amounts to the new addresses owned by each of the senders.

With the absence of Metadata and all inputs are equal, It would be difficult to trace which of the outputs is owned by any of the inputs. It is therefore much harder to link together, increases privacy and to a great extent weakens chain analysis. CoinJoin is supported by Wassabi wallet, Sparrow among others

You can repeat this for multiple rounds to increase anonymity.

[Obim34]

It will be good if Doan9269 is updating this thread: https://bitcointalk.org/index.php?topic=5544472.msg65419046#msg65419046

It can be stressful and less important if Doan9269 keeps updating the thread when discussion in there are few or stopped abruptly.

It's either no action from Mod since we also can't get the two post merged or lock one or allow the two stay.

The disadvantage in consolidating all UTXO into single seems not to be okay for privacy reasons and attacks.

[Charles-Tim]

It can be stressful and less important if Doan9269 keeps updating the thread when discussion in there are few or stopped abruptly.

OP can just post this topic there instead of creating a thread for it. Before Doan9269 posted that thread, mempool has been less congested for weeks or months and still less congested till now.

The disadvantage in consolidating all UTXO into single seems not to be okay for privacy reasons and attacks.

Separate your private coins from your coins that are not private. Use different devices for both and enable Tor for your private coins if you can not run your own node. Also you can use coinjoin or a mixer when you see it necessary.

[Mia Chloe]

~snip

I've met the MEMPOOL in a way better condition than this countless times exactly like the image illustration in Doan's post and the way I make transactions is exactly like 1miau thought in a post back then when I was still a newbie. The fact is the mempool is usually less congested when it's past business hours in Asian and London times. The goal is to target when there are fewer people attempting to make transactions.
It would be best if a user takes it upon himself to make something like Charles -Tim said and keep it updated constantly. If I can still find 1miau's post on fees I'll drop the link.

Edit;
Found it
https://bitcointalk.org/index.php?topic=5182906.msg52398375#msg52398375

[EL MOHA]

I've met the MEMPOOL in a way better condition than this countless times exactly like the image illustration in Doan's post and the way I make transactions is exactly like 1miau thought in a post back then when I was still a newbie. The fact is the mempool is usually less congested when it's past business hours in Asian and London times. The goal is to target when there are fewer people attempting to make transactions.
It would be best if a user takes it upon himself to make something like Charles -Tim said and keep it updated constantly. If I can still find 1miau's post on fees I'll drop the link.

Edit;
Found it
https://bitcointalk.org/index.php?topic=5182906.msg52398375#msg52398375

Thanks for the link I will be looking into it, I personally didn’t know that there was a thread by Doan on this already and I also second the regular update of that thread just like what LoyceV does on the general board.

As for the time you pointed about having very few transactions been processed, I looked at the closing business times of Asia and London, and it was 4:00 AM EST and 12:00  EST, and with EST time been five hours behind the Nigerian time that means the closing time will be 9:00 AM and 5:00 PM respectively, during this period I don’t sincerely think that the market gets less congested then. It is usually during the weekend that this happens and even at that in most congested periods this doesn’t also happen example is the high congestion during the ordinals and inscriptions period

[Merit.s]

I believe that one's privacy is very important and that's why when consolidating your small small input, you use wallets with coin join service or mixers too cover your track. There is a topic that talks more more this discussion.

 https://bitcointalk.org/index.php?topic=2848987.0