Is it possible to transfer the coins from one address in your wallet to another?

[Chrithu]

As the title says:

I as probably many others have several receiving addresses to keep track of which coins came from where. And recently the question came to mind: If I wanted to cummulate all the coins in one of my addresses would I be able to do so? And what about the transaction fee for all those small transactions of the coins that come from faucets?

[1715034452]

1715034452

[1715034452]

1715034452

[1715034452]

1715034452

[1715034452]

1715034452

[Light]

Yes, there should not be a problem as nobody but yourself knows that the two address are both in the same wallet so they can hardly stop you. The transaction fee for coins from a faucet may be larger as the size of the transaction will be quite likely rather high due the large amount of inputs. I would advise against trying to combine dust.

[Chrithu]

Yes, there should not be a problem as nobody but yourself knows that the two address are both in the same wallet so they can hardly stop you. The transaction fee for coins from a faucet may be larger as the size of the transaction will be quite likely rather high due the large amount of inputs. I would advise against trying to combine dust.

Thx for the info. Much appreciated.

[medUSA]

And what about the transaction fee for all those small transactions of the coins that come from faucets?

Transaction fee is 0.0001btc per kilobyte. 1 kilobyte will give you a transaction with 4 or 5 inputs and 1 output.

Let's say you have four lots of 0.000025 btc in an address. Total value is 0.0001btc, but it takes 0.0001btc fee to send it, so you get nothing. If you have four lots of 0.00005 btc in an address, fee is 50% (total=0.0002,fee=0.0001,output=0.0001)

[Chrithu]

And what about the transaction fee for all those small transactions of the coins that come from faucets?

Transaction fee is 0.0001btc per kilobyte. 1 kilobyte will give you a transaction with 4 or 5 inputs and 1 output.

Let's say you have four lots of 0.000025 btc in an address. Total value is 0.0001btc, but it takes 0.0001btc fee to send it, so you get nothing. If you have four lots of 0.00005 btc in an address, fee is 50% (total=0.0002,fee=0.0001,output=0.0001)

Thanks for the info. So quite frankly the transaction fee makes the btc gathered from most faucets practically useless because they would get eaten by the transaction fee if ever put to use ...

[shorena]

And what about the transaction fee for all those small transactions of the coins that come from faucets?

Transaction fee is 0.0001btc per kilobyte. 1 kilobyte will give you a transaction with 4 or 5 inputs and 1 output.

Let's say you have four lots of 0.000025 btc in an address. Total value is 0.0001btc, but it takes 0.0001btc fee to send it, so you get nothing. If you have four lots of 0.00005 btc in an address, fee is 50% (total=0.0002,fee=0.0001,output=0.0001)

Thanks for the info. So quite frankly the transaction fee makes the btc gathered from most faucets practically useless because they would get eaten by the transaction fee if ever put to use ...

Well you can allways try to send without a fee, some miner might include your transaction regardless.

[Abdussamad]

Thanks for the info. So quite frankly the transaction fee makes the btc gathered from most faucets practically useless because they would get eaten by the transaction fee if ever put to use ...

Yes. The only thing you can do is wait. Transaction fee has been reduced to 0.00001 (4 zeroes) i.e. 1/10th of what medusa mentioned. This change has been made in the 0.9.0 version of bitcoin core. Because not everyone has upgraded to this version yet it takes a while to get your transaction confirmed. That will change in the future. Nevertheless if you want to try it you can do a transaction with this new fee and spend more of the bitcoins to an output address.

[endisnear]

Yes ... no problem.

[Chrithu]

Thanks for the info. So quite frankly the transaction fee makes the btc gathered from most faucets practically useless because they would get eaten by the transaction fee if ever put to use ...

Yes. The only thing you can do is wait. Transaction fee has been reduced to 0.00001 (4 zeroes) i.e. 1/10th of what medusa mentioned. This change has been made in the 0.9.0 version of bitcoin core. Because not everyone has upgraded to this version yet it takes a while to get your transaction confirmed. That will change in the future. Nevertheless if you want to try it you can do a transaction with this new fee and spend more of the bitcoins to an output address.

Thx that is good to know.

Actually I got another question: Is it still the case if I have 0.05 BTC on an address but they were sent there in 0.01 BTC chunks, that in case I send the whole 0.05 BTC somewhere it will actually result in 5 transactions of 0.01 BTC?

[Abdussamad]

Thanks for the info. So quite frankly the transaction fee makes the btc gathered from most faucets practically useless because they would get eaten by the transaction fee if ever put to use ...

Yes. The only thing you can do is wait. Transaction fee has been reduced to 0.00001 (4 zeroes) i.e. 1/10th of what medusa mentioned. This change has been made in the 0.9.0 version of bitcoin core. Because not everyone has upgraded to this version yet it takes a while to get your transaction confirmed. That will change in the future. Nevertheless if you want to try it you can do a transaction with this new fee and spend more of the bitcoins to an output address.

Thx that is good to know.

Actually I got another question: Is it still the case if I have 0.05 BTC on an address but they were sent there in 0.01 BTC chunks, that in case I send the whole 0.05 BTC somewhere it will actually result in 5 transactions of 0.01 BTC?

0.01 is not a dust amount so first there's that.

Second, it will be a single transaction. It will have multiple inputs and 1 output.

[medUSA]

Transaction fee has been reduced to 0.00001 (4 zeroes) i.e. 1/10th of what medusa mentioned.
This change has been made in the 0.9.0 version of bitcoin core.

Which fee, "min relay fee" or "min transaction fee", is dropped in bitcoin core 0.9?

Could not find the official bitcoin core 0.9.0 thread, but here is the one for 0.9.0rc2:
(Read the "Transaction Fees" section before you start telling others default transaction fee has dropped)
https://bitcointalk.org/index.php?topic=495683.0

[Abdussamad]

Transaction fee has been reduced to 0.00001 (4 zeroes) i.e. 1/10th of what medusa mentioned.
This change has been made in the 0.9.0 version of bitcoin core.

Which fee, "min relay fee" or "min transaction fee", is dropped in bitcoin core 0.9?

Could not find the official bitcoin core 0.9.0 thread, but here is the one for 0.9.0rc2:
(Read the "Transaction Fees" section before you start telling others default transaction fee has dropped)
https://bitcointalk.org/index.php?topic=495683.0

What is your point? That section seems to agree with what I said.

[Shogen]

Transaction fee has been reduced to 0.00001 (4 zeroes) i.e. 1/10th of what medusa mentioned.
This change has been made in the 0.9.0 version of bitcoin core.

Which fee, "min relay fee" or "min transaction fee", is dropped in bitcoin core 0.9?

Could not find the official bitcoin core 0.9.0 thread, but here is the one for 0.9.0rc2:
(Read the "Transaction Fees" section before you start telling others default transaction fee has dropped)
https://bitcointalk.org/index.php?topic=495683.0

What is your point? That section seems to agree with what I said.

Quoted from https://bitcointalk.org/index.php?topic=522014.

Transaction Fees
----------------

This release drops the default fee required to relay transactions across the
network and for miners to consider the transaction in their blocks to
0.01mBTC per kilobyte.

Note that getting a transaction relayed across the network does NOT guarantee
that the transaction will be accepted by a miner; by default, miners fill
their blocks with 50 kilobytes of high-priority transactions, and then with
700 kilobytes of the highest-fee-per-kilobyte transactions.

The minimum relay/mining fee-per-kilobyte may be changed with the
minrelaytxfee option. Note that previous releases incorrectly used
the mintxfee setting to determine which low-priority transactions should
be considered for inclusion in blocks.

The wallet code still uses a default fee for low-priority transactions of
0.1mBTC per kilobyte. During periods of heavy transaction volume, even this
fee may not be enough to get transactions confirmed quickly; the mintxfee
option may be used to override the default.

So, only the min relay fee is dropped, and the min tx fee is remained the same at 0.0001 / KB.

[Abdussamad]

So, only the min relay fee is dropped, and the min tx fee is remained the same at 0.0001 / KB.

I think mintxfee only applies to the wallet i.e. users who are using bitcoin-qt and try to send low priority transactions through that. I don't think it applies to miners or users of other wallets.