Questions tagged [consolidation]
12 questions
30
votes
2 answers
How can I combine all the tiny amounts I've received to minimise transaction fees, and do I need to?
Important parts in bold, for those who don't want to read the detail!
I've received lots of tiny transactions, in amounts sometimes as low as 0.000003BTC.
Even though I've also received (relatively) larger amounts, I'm worried that when I want to…
Highly Irregular
- 10,910
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7
votes
1 answer
How much blockspace would it take to spend the complete UTXO set?
I was curious how much blockspace has already been spoken for in the future. Paraphrased:
Assuming all block space were used to consolidate the UTXO set in the most efficient manner (and all key holders were collaborating for this purpose). How many…
Murch
- 71,155
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- 600
6
votes
1 answer
How do I consolidate all my BTC into a single address?
I'd like to archive all my coins in a single address (specifically the address for a "brain wallet").
What is the most effective way to combine all the outstanding balances into a given address?
makerofthings7
- 12,656
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6
votes
2 answers
Do UTXO's ever get consolidated to avoid complexitity?
In 'Mastering Bitcoin' (pg 130) it is explained that a transaction will require higher fees if it is complex. For example, if I collect bitcoin from 100 people to buy a single tent, then when those 100 UTXO's (unspent transaction outputs) addressed…
COOLBEANS
- 171
- 3
3
votes
2 answers
There are a lot of 100 input transactions in some blocks, what's the reason?
In block 736302, we can see a lot of 100 input transactions. And this can be seen also in 736567, 736299 and so on. Is this only a coincidence?
noob
- 97
- 3
3
votes
2 answers
Confused about UTXO management and consolidation
I have a few questions regarding utxo management and consolidation. I know that the more UTXO's you have, the heavier your transaction will be, the more fees you'll have to pay.
The things I don't understand:
How can you effectively avoid that?…
Solal
- 127
- 5
2
votes
1 answer
Is it cryptographically possible to have aggregate signature schemes that can improve privacy in UTXO consolidation?
My understanding of Schnorr signatures, Taproot and Graftroot and how they improve privacy in smart contracts / multi-sig is by allowing users to aggregate signatures so the individual signatures and keys are not visible but summed in the aggregate…
crypt_chameleon
- 21
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2
votes
1 answer
How can I measure cost savings from consolidation transactions?
One of the techniques to save fees is doing consolidations. According to https://en.bitcoin.it/wiki/Techniques_to_reduce_transaction_fees: "if your usual target feerate during normal-priced fee periods is 100 nanobitcoins per vbyte and the current…
coinselector23
- 23
- 3
2
votes
2 answers
How should Bitcoin exchanges complete their UTXO consolidations and what factors should they consider?
How should Bitcoin exchanges complete their UTXO consolidations and what factors should they consider i.e. regularity, fixed or variable intervals, consolidate into how many UTXOs etc?
Michael Folkson
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1
vote
1 answer
How would I go about consolidating my UTXOs from DCA?
In the past one and half year, I've amassed a collection of 18 Unspent Transaction Outputs (UTXOs) through dollar cost averaging every month. Now, I hope to optimize these UTXOs by merging them into a single UTXO, so I can reduce the transaction…
Mani T
- 75
- 6
1
vote
1 answer
How do exchanges like binance or kucoin store user assets?
My questions about storing user assets:
An exchange creates unique deposit addresses for each users. Are these addresses all derived from a HD wallet and exchange controls all the keys and indexes?
If the above answer is yes, then imagine an…
meysam kheyrollah
- 11
- 2
0
votes
1 answer
Confused about input and output spending limitations and consolidation
I am sure the answer to this is trivial to someone who already knows the answer, but not to me.
I recently wanted to spend some received bitcoin for the first time and discovered that the associated transaction fee was huge (more than I wanted to…
Robonoob
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