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Topic: Consolidate your earnings (Read 134 times)

legendary
Activity: 3668
Merit: 6382
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February 22, 2018, 06:19:17 AM
#1
I don't know how many of you are aware of this, but the mempool is nearly empty. This means that if any of you have the wallet (your own local wallet) full of (small) inputs, and in the world of micro earnings I expect this to happen (usually because of impatience), it's the best time to consolidate those inputs.

I'll explain a little: maybe your wallet shows you have 0.1 Bitcoin. Well done! But maybe you made 100, or 1000, or 10000 withdraws to reach that amount. Onto the same address or not, it doesn't matter.
Those are small inputs and my advice is to make one transaction, send all that money to yourself (maybe another, new address of yours, in the same wallet), with some very-very low fee.
I've read that even 1 sat/byte confirms pretty quick.

Why do that? Because if ever the mempool fills up again, you'll have hard times to spend your Bitcoin, facing the chance the fees will be bigger than your earnings.
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