Bitcoin coin control coins
This article isn't about those coins in particular but more so about the use of the coin control feature in POS coins. When I first started a bitcoin coin control coins staking for one of these coins I was able to better understand the dynamics of Coin Control and how to use it to my advantage.
The number of transactions generated by POW minting and the constant splitting of my bitcoin coin control coins for POS mining meant it was beneficial to use the coin control feature but it seems all the guides I have seen are doing it wrong!
This guide will show you how to use the coin control feature to combine all your transactions into one block without loosing your staking weight in the network.
I will give a brief description on each screenshot below but if you are familiar with using the coin control feature you should be right to just follow along with the images.
Select the coin control feature on the display tab of the options screen and hit apply. You will now see a new option to "select inputs" when you go to the send coins tab from the main wallet screen. Click on send coins and you will see there is now an option to select inputs. Click the select inputs button and use the drop down arrow to see all the inputs your current balance is made up of.
Enter your own wallet address yes you will send yourself a transaction and enter the decimal figure of your total balance in the amount field. In most other guides I have seen they tell you to send the complete balance of your wallet but I think this way is a much better way to use Coin Control. After completing the transaction you can navigate back to the input screen and see your wallet now has two inputs. If you send your whole balance to yourself obviously you could avoid splitting the decimal off but you will also loose your current staking weight and have to wait for your coins to mature again.
Check you staking weight and compare it to before you completed the Coin Control transaction to amalgamate all your inputs. In this case weight is now and time to reward is 23 hours. Cool we actually gained weight. I am really happy I found out about this as I can pretty much check my wallet and use the coin control feature after every staking transaction and not actually loose any weight or have to wait for my coins to mature again.
If this has been helpful to you please give it an up vote so it can reach more of the community or if you think I maybe have it all wrong then leave a comment so we can work out the optimal coin control strategy together. Hi Pete, Thanks for sharing, but I tried it and the Change updated to current maturity time as if I had sent me whole balance bitcoin coin control coins myself.
Did this work for other people? Maybe bitcoin coin control coins depends on the coin? Hi Pete, whilst getting all my DV7 coins from different places together to submit to the official pool for the coin swap to DV8 I found I had numerous amounts at varying weights and ages so used your method to combine the blocks into one.
My total staking weight, as indicated by hovering over the pickaxe did indeed go up a little, as you observed. By checking the now two amounts back in the wallet the age, potential stake and weights were at zero, as if starting from scratch, but it is noticed that the days to stake had dropped to underwhereas before all of the day to stake had been between - Hopefully by using your method of combining small blocks into one large lump cause the waiting time to stake to be reduced dramatically.
This was a purely academic test as once all my DV7 coins from my various staking places will be sent to DV7 official pool for the coin swap before they will ever stake in my DV7 wallet.
Eventually if I get them back as DV8 I will attempt to keep bitcoin coin control coins in one big block for staking, wherever is best.
Thanks for the advice. If this bitcoin coin control coins been helpful to you please give it an up vote so it can reach more of the community or if you think I maybe have it all wrong then leave a comment so we can work out the bitcoin coin control coins coin control strategy together Cranky Pete snickSnaka.
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Only top voted, non community-wiki answers of a minimum length are eligible. Questions Tags Users Badges Unanswered. Tag Info users hot new synonyms. Hot answers tagged coin-control day week month year all. What is coin control? When you send bitcoins to someone else, the bitcoin client chooses kinda randomly which of your addresses will send the coins. With coin control you can exactly choose, which of your addresses will be the sending addresses.
And even more specific which of your Geremia 2, 1 19 How can I choose the address bitcoins are sent from? As long as you're running a relatively recent version of Bitcoin Core you can use Coin Control.
This feature let's you pick which unspent outputs will be bitcoin coin control coins in the transaction. Now in the Send bitcoin coin control coins, you can click 'Inputs Many wallets have the "Coin Control" panel where you can specifically choose which outputs to use in the transaction. Which wallet are you using? Papa Lazzarou 1 5. Which inputs will be spent? Bitcoin Core doesn't bitcoin coin control coins an oldest-first selection but a more complex solver, it will probably end up spending outputs you don't want to in this particular case.
You can do manual selection of the outputs you want to spend using the Coin Control section of the advanced GUI, which will let you ignore the dust if you don't want to spend it.
How can I control which coins to spend in a transaction? Currently this is not possible with the standard client, other than making separate wallets.
There is a patch for coin selection on github, which was very promising. So this feature may make it into a future version. Send BTC with Electrum: Great question, I've always wondered this too. But im pretty sure that Electrum, by default, will send your oldest unspent outputs first. Sorry if example is a little repetitive E. If you recieved 0. Whyte the Weeabear 1 Electrum appears to have two Coin Selection policies that users can select from.
CoinChooserOldestFirst selects oldest first prunes any unneeded inputs starting from the smallest standard policy CoinChooserPrivacy randomly selects UTXO until sufficient prunes any unneeded inputs starting from the smallest attempts to create a change within 0.
Electrum Bitcoin coin control coins - Is it possible to specify inputs in new transaction? Use the secondary click on a address and then the "Send from" option. Bitcoin coin control coins question, so answers are outdated. Anyone reading this now: Jannes 5, 13 Depends on the software. You can construct a transaction that spends whichever utxos you want, so yes, you can send someone the exact amount of the sum of dust transactions.
As for the transaction fee, the network may or may not relay, but even there, you may be bitcoin coin control coins to get a friendly miner to mine it. Jimmy Song 6, 8 Check out Armory, a bitcoin coin control coins client that uses an algorithm for coin selection which can be optimized for anonymity or minimal transaction fees. Bitcoin Stack Exchange works best with JavaScript enabled.
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