Can I do anything about my dust? - page 2.

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: Xavofat on August 09, 2017, 05:52:55 PM

If you look on the right, you'll see the estimated delay for each fee that you pay. Currently, I'm seeing that you can pay 20-60 satoshi/byte and still expect your transaction to confirm in about a day most of the time.

Thanks, I'll try that. There's no hurry to move this, so I can wait a day or so.

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: Beerwizzard on August 09, 2017, 06:06:19 PM

Quote from: PilotofBTC on August 09, 2017, 05:22:47 PM

I have about .03 of BTC in dust. It's from a cloud miner.

Sadly, not thinking it is all in an HD account that I set up, with a different derivation path than my primary BTC. I wanted to keep it separate so I could keep track of how much was mind. This means those small output's can't be combined with larger ones when other spends are done, to keep the size down. If I try to send it all to another address, I am told the fees would cost more than I'm sending by coinomi with a .002/kilobyte fee set. I even dropped the fee down to .0014 per 21.co's web site.

So, is there anything I can do to recover/use any amount of this stuff.

I think this is one of the big flaws of Bitcoin also. Is anything being done to address this issue... it really makes bitcoin very bad for micro payments.

So you are saying that you got required fee over 0.03 btc? Don't know how to help here but i'm just curious how many incoming transactions do you have? Feels like it was like thousands transactions from different faucets.

The wallet just says "not enough to spend", doesn't tell me what fee it calculated.

There 354 transactions in the address (not sure how many unspent outputs are in there currently I did roll some back in to buy more hash power)). The receives left are all less than .001 many of the newer ones less than .0001.

As I said, they are from a cloud miner (genesis) with daily payouts. Of course, when I first got the contract the payouts were much bigger, but they got smaller and smaller as the difficulty raised and I didn't buy more hash power because I got more btc just from buying it directly.

Beerwizzard

full member

Activity: 924

Merit: 148

Quote from: PilotofBTC on August 09, 2017, 05:22:47 PM

I have about .03 of BTC in dust. It's from a cloud miner.

Sadly, not thinking it is all in an HD account that I set up, with a different derivation path than my primary BTC. I wanted to keep it separate so I could keep track of how much was mind. This means those small output's can't be combined with larger ones when other spends are done, to keep the size down. If I try to send it all to another address, I am told the fees would cost more than I'm sending by coinomi with a .002/kilobyte fee set. I even dropped the fee down to .0014 per 21.co's web site.

So, is there anything I can do to recover/use any amount of this stuff.

I think this is one of the big flaws of Bitcoin also. Is anything being done to address this issue... it really makes bitcoin very bad for micro payments.

So you are saying that you got required fee over 0.03 btc? Don't know how to help here but i'm just curious how many incoming transactions do you have? Feels like it was like thousands transactions from different faucets.

Xavofat

hero member

Activity: 938

Merit: 559

Did you see that ludicrous display last night?

Quote from: PilotofBTC on August 09, 2017, 05:22:47 PM

I even dropped the fee down to .0014 per 21.co's web site.

Here's your problem. You set it to 21.co's fastest recommended fee, which is to get your transaction confirmed in the next block.

If you look on the right, you'll see the estimated delay for each fee that you pay. Currently, I'm seeing that you can pay 20-60 satoshi/byte and still expect your transaction to confirm in about a day most of the time.

Alternatively, you could set fees of 0.0001 satoshi/kilobyte (10 satoshi/byte) and use ViaBTC's transaction accelerator. Last time I checked it was a bit clogged so you need to get in your transaction at the start of the hour.

Basically you can easily get your transaction through and keep the vast majority of your money - it'll just take a bit longer.

Quote from: PilotofBTC on August 09, 2017, 05:22:47 PM

I think this is one of the big flaws of Bitcoin also. Is anything being done to address this issue... it really makes bitcoin very bad for micro payments.

That's the main application of the Lightning Network IMO. You can receive micropayments regularly from the cloud miner with very low fees, and then when necessary you can send an onchain transaction to your main wallet (for the security of an onchain transaction).

PilotofBTC

legendary

Activity: 1736

Merit: 1001

I have about .03 of BTC in dust. It's from a cloud miner.

Sadly, not thinking it is all in an HD account that I set up, with a different derivation path than my primary BTC. I wanted to keep it separate so I could keep track of how much was mind. This means those small output's can't be combined with larger ones when other spends are done, to keep the size down. If I try to send it all to another address, I am told the fees would cost more than I'm sending by coinomi with a .002/kilobyte fee set. I even dropped the fee down to .0014 per 21.co's web site.

So, is there anything I can do to recover/use any amount of this stuff.

I think this is one of the big flaws of Bitcoin also. Is anything being done to address this issue... it really makes bitcoin very bad for micro payments.

Topic: Can I do anything about my dust? - page 2. (Read 1044 times)