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This electrum bitcointalk forums is intended for bitcoin users who have received many small transactions and find that it will cost them a significant amount in miner fees to spend them.

Miner fees are paid per-byte of block space, so small coins that require many bytes to spend are the most expensive kinds. Examples might be a donation address that received many small payments, a user of faucets who was paid in many transactions of small amounts or a electrum bitcointalk forums business that receives many small payments and must consolidate them.

This procedure is potentially harmful to privacy because it uses many inputs in the same transactions which provides evidence of common ownership. This may not matter, for example for a static donation address where all the inputs are electrum bitcointalk forums to belong to the same person anyway. The bitcoin market for block space asks users to make a tradeoff between confirmation time and cost.

This tutorial achieves cheap miner fees be being prepared to wait a long time for confirmation. Demand for block space is random and cyclical. Random because each transaction is generated individually so the total amount is noisy although that averages out to be somewhat smooth at scale and has both daily and weekly cycles, with less transactions done during the night and during the weekend. The bitcoin exchange rate can also affect demand for block space, with more volatile times being associated with more demand for block space.

Studying the recent price of block space may help with choosing a fee rate, although using a low value and then being prepared to try again later will work too. In future situations it is best to avoid creating small outputs which are costly to consolidate. This could be done by settling on the blockchain less often and in bigger amounts.

For example if your faucet pays per-task, try to get paid daily or weekly instead. Some old wallets use uncompressed public keys. Using compressed public keys results in a smaller size with no downside, so all modern wallets use them [1].

To check whether your wallet uses compressed or electrum bitcointalk forums, try to electrum bitcointalk forums a public key. Uncompressed public keys are longer and start with 04 while compressed public keys start with 02 or Example of transaction with uncompressed public key: Example of transaction with compressed public key note shorter length of Input Script: Retrieved from electrum bitcointalk forums https: Navigation menu Personal tools Create account Log in.

Views Read View source View history. Sister projects Essays Source. This page was last edited on 22 Electrum bitcointalk forumsat Content is available under Creative Commons Electrum bitcointalk forums 3. Privacy policy About Bitcoin Wiki Disclaimers.

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The App Store for data streams. This will help the joint analysis of a glass of quotations and volume. Where do you live. Most of the exchanges have a fee of around 0.