another btc fee question :) | Bitcointalksearch.org

gecox22

hero member

Activity: 778

Merit: 515

Quote from: nokati on September 08, 2017, 05:21:39 PM

I had in the past a huge transaction fee about 400USD as I had alot of payments of 0.01 from mining, so i want to avoid that in the future....

I have got a singel tranaction from withdrawing from an exchange, when I look it up on the blockchain it has combined 101 inputs wich have been combined to send to my wallet! does this mean that when I want to spend it I need to pay the fee based on 101 inputs or is it count as 1 input when I want to spend it as I got it in one transaction?

I know your pain. I just did the same thing. But I did just explained this on another topic.https://bitcointalksearch.org/topic/mining-wallet-2154430 Which has tx's included so you can see how I consolidated my micro payments. If you need any help feel free to reach out.

Thekool1s

legendary

Activity: 1512

Merit: 1218

Change is in your hands

Quote from: nokati on September 08, 2017, 05:21:39 PM

I had in the past a huge transaction fee about 400USD as I had alot of payments of 0.01 from mining, so i want to avoid that in the future....

I have got a singel tranaction from withdrawing from an exchange, when I look it up on the blockchain it has combined 101 inputs wich have been combined to send to my wallet! does this mean that when I want to spend it I need to pay the fee based on 101 inputs or is it count as 1 input when I want to spend it as I got it in one transaction?

As Danny said, your inputs will combine up whenever you will send a payment with more than 1 input. But it's good to practice that you only withdraw higher amounts, weather it's from faucets or cloud mining companies. That's the only way to save up on transaction fees.

DannyHamilton

legendary

Activity: 3472

Merit: 4801

Quote from: nokati on September 08, 2017, 05:21:39 PM

when I want to spend it I need to pay the fee based on 101 inputs or is it count as 1 input when I want to spend it as I got it in one transaction?

Since you received it with 1 transaction, it will be 1 input when you spend it.

If you receive a second transaction, withdrawing from the exchange a second time, and then spend the total amount from the two withdrawals that will be 2 inputs.

nokati

full member

Activity: 312

Merit: 111

I had in the past a huge transaction fee about 400USD as I had alot of payments of 0.01 from mining, so i want to avoid that in the future....

I have got a singel tranaction from withdrawing from an exchange, when I look it up on the blockchain it has combined 101 inputs wich have been combined to send to my wallet! does this mean that when I want to spend it I need to pay the fee based on 101 inputs or is it count as 1 input when I want to spend it as I got it in one transaction?

Topic: another btc fee question :) (Read 533 times)