another btc fee question :) | Bitcointalksearch.org

gecox22

hero member

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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

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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

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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 530 times)