ranochigo
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February 25, 2015, 11:04:14 AM |
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I got a question, forget about dust. Let us suppose , i use a single blockchain wallet for all of my transations(not dust) but since there are so many of them over time , so in future will it have the same problem as this dust ? i.e. high transaction fee and less output?
Yes, large TX sizes are associated with high amount of inputs/outputs. A good idea is to combine coins every few transactions and send them to another wallet without fees. You can spend them in chunks in the future without incurring large amount of fees.
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koelen3
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Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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February 26, 2015, 09:23:21 AM |
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I got a question, forget about dust. Let us suppose , i use a single blockchain wallet for all of my transations(not dust) but since there are so many of them over time , so in future will it have the same problem as this dust ? i.e. high transaction fee and less output?
Yes, large TX sizes are associated with high amount of inputs/outputs. A good idea is to combine coins every few transactions and send them to another wallet without fees. You can spend them in chunks in the future without incurring large amount of fees. Didn't really got the sending it w/o fee part
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ranochigo
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Activity: 3038
Merit: 4420
Crypto Swap Exchange
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February 26, 2015, 11:27:34 AM |
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I got a question, forget about dust. Let us suppose , i use a single blockchain wallet for all of my transations(not dust) but since there are so many of them over time , so in future will it have the same problem as this dust ? i.e. high transaction fee and less output?
Yes, large TX sizes are associated with high amount of inputs/outputs. A good idea is to combine coins every few transactions and send them to another wallet without fees. You can spend them in chunks in the future without incurring large amount of fees. Didn't really got the sending it w/o fee part You can set custom fees. If you aren't in need of the funds immediately, for every 2 deposit, send the BTC to another wallet without fees, thus it would minimize the amount of input needed for one transaction.
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koelen3
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Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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February 26, 2015, 12:03:35 PM |
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I got a question, forget about dust. Let us suppose , i use a single blockchain wallet for all of my transations(not dust) but since there are so many of them over time , so in future will it have the same problem as this dust ? i.e. high transaction fee and less output?
Yes, large TX sizes are associated with high amount of inputs/outputs. A good idea is to combine coins every few transactions and send them to another wallet without fees. You can spend them in chunks in the future without incurring large amount of fees. Didn't really got the sending it w/o fee part You can set custom fees. If you aren't in need of the funds immediately, for every 2 deposit, send the BTC to another wallet without fees, thus it would minimize the amount of input needed for one transaction. Oh! ok Thank you I think time for me to do it
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Q7
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February 27, 2015, 03:17:22 PM |
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There are quite a number of people including myself who consolidate my coins. Probably all you need is some wallet which allows you to set your own custom transaction fee so that you can combine the coins into one single output. It will be difficult if you have dust payment amount to 5000 sats because no matter what you do, it is almost impossible to avoid paying a fee.
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ranochigo
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February 27, 2015, 03:47:42 PM |
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There are quite a number of people including myself who consolidate my coins. Probably all you need is some wallet which allows you to set your own custom transaction fee so that you can combine the coins into one single output. It will be difficult if you have dust payment amount to 5000 sats because no matter what you do, it is almost impossible to avoid paying a fee.
Also, if you have too much inputs, your transaction size will rise thus also rising your fees for the transaction. You can still possibly send 5000 sat without a fee but it would probably not be confirmed and dropped from the memory pool as transactions only above 0.01BTC are considered to be eligible for free transactions.
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Slark
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Merit: 1004
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February 27, 2015, 03:51:26 PM |
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When you know that amount of coins in your wallet is lower than fee for sending these coins you know something is wrong.
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dothebeats
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Activity: 3766
Merit: 1354
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February 27, 2015, 04:04:54 PM |
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Try creating a wallet in blockchain.info and sweep the balance on that wallet. in that way you can get all the balances in one go and prevent having a high fee for every transaction because of the dust inputs in your wallet.
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maku
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Activity: 1288
Merit: 1000
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February 27, 2015, 04:48:13 PM |
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It still amazes me how people are greedy to the point of using faucets with earning rate 1 Cent per day and receiving giveaways less than half of a cent. People just stop doing that! Dust on your wallet will never appear then!
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dothebeats
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Merit: 1354
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February 27, 2015, 05:35:13 PM |
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It still amazes me how people are greedy to the point of using faucets with earning rate 1 Cent per day and receiving giveaways less than half of a cent. People just stop doing that! Dust on your wallet will never appear then!
True. There are far more better ways to earn btc rather than stay in faucets. Just keep posting here in BTT and participate in discussions. Wait until you reach Full Member status and join a signature campaign. Dust outputs would be avoided in that way.
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Borisz
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March 15, 2015, 06:18:47 PM |
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When you know that amount of coins in your wallet is lower than fee for sending these coins you know something is wrong.
Been there unfortunately. Took a lot of time and effort to resolve.
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randy8777
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Merit: 1000
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March 15, 2015, 07:16:23 PM |
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It still amazes me how people are greedy to the point of using faucets with earning rate 1 Cent per day and receiving giveaways less than half of a cent. People just stop doing that! Dust on your wallet will never appear then!
at the very beginning i was trying to get as much coins as possible from faucets. but i stopped doing so as it is just a waste of time. too much effort for a very low reward.
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Borisz
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March 15, 2015, 07:41:52 PM |
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It still amazes me how people are greedy to the point of using faucets with earning rate 1 Cent per day and receiving giveaways less than half of a cent. People just stop doing that! Dust on your wallet will never appear then!
at the very beginning i was trying to get as much coins as possible from faucets. but i stopped doing so as it is just a waste of time. too much effort for a very low reward. Same, but I think at the start it was sort of worth it. I just wanted to see a few coins in my wallet. Then it just became a problem and waste of time, sure.
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Bergman
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Merit: 10
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March 15, 2015, 07:59:22 PM |
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It still amazes me how people are greedy to the point of using faucets with earning rate 1 Cent per day and receiving giveaways less than half of a cent. People just stop doing that! Dust on your wallet will never appear then!
at the very beginning i was trying to get as much coins as possible from faucets. but i stopped doing so as it is just a waste of time. too much effort for a very low reward. Faucets are probably a good idea during the initial distribution stage of a coin. I can't see using them to acquire bitcoin or anything that's been around for more than a month though.
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jeffhuys
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March 15, 2015, 09:59:38 PM |
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I can group it together for you, easy as pie! Just give me your wallet and encryption codes (assuming you've enabled that (hint: you should)) and I'll give it back within a few minutes! (Don't actually do that)
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Kakmakr (OP)
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Leading Crypto Sports Betting & Casino Platform
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March 16, 2015, 01:40:01 PM |
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Try creating a wallet in blockchain.info and sweep the balance on that wallet. in that way you can get all the balances in one go and prevent having a high fee for every transaction because of the dust inputs in your wallet.
Sorry for only revisiting my thread now, I got busy at work and had little time to post. Thank you for all positive posts like the post above. The other posts does not bring anything positive to the table, so I simply ignore it. I ignore troll posts as a rule anyway ^Smile^ The solutions you provided sorted out my problem [Thanks 2 All]
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