How can I get rid of dust in my wallet? - page 3.

Muhammed Zakir

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I prefer Zakir over Muhammed when mentioning me!

I would suggest moving all the dust to a new address with 0.0002BTC fee or near to it and send it back when it has some confirmations.

Quote from: NeuroticFish on February 20, 2015, 06:36:19 AM

Options for the future:
1. (Not easy) Use faucets that let you withdraw when you want to. Then withdraw only when you reach .. bigger amounts there.

+1.

Quote from: NeuroticFish on February 20, 2015, 06:36:19 AM

2. (where 1 is not possible) Use wallets like xapo. Some faucets even offer bonus for xapo wallets. However, transfers from xapo seem to be with no fee. Then you can transfer bigger chunks to your main wallet.

Okay but not a good thing to move the coins to an address which you don't have the private key of.

-MZ

NeuroticFish

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Looking for campaign manager? Contact icopress!

Quote from: Kakmakr on October 01, 2014, 02:08:37 AM

I use a lot of faucets and accumulate a lot of dust. This supposedly increase my transaction fees. Can someone explain in detail, how I can get rid of all this, with the least amount of increased transaction fees?

I use blockchain for the faucet stuff.

Options for the future:
1. (Not easy) Use faucets that let you withdraw when you want to. Then withdraw only when you reach .. bigger amounts there.
2. (where 1 is not possible) Use wallets like xapo. Some faucets even offer bonus for xapo wallets. However, transfers from xapo seem to be with no fee. Then you can transfer bigger chunks to your main wallet.

goldkey0070

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i got this wallet and never pay fees http://bitcoinfaucetrelay.com/need-a-free-bitcoin-wallet/

kpitti

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You can use FaucetBOX and colect dust there.

I would recommend it.

sakira

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Quote from: ?? on ??

WHy would you want to get rid of the dust in your wallet ?

may look untidy, he should use another address to collect all this dust

onemorebtc

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Quote from: dalek on February 20, 2015, 01:28:58 AM

Quote from: onemorebtc on February 19, 2015, 11:55:17 PM

easiest way to deal with dust is to send it to an exchange.
but this is not nice - because the exchange and every user has to take the burden of your few cents.

faucets are just not worth it...

nope, it will incur the exact same transaction fee no matter where you send it. it might be easy to get rid of the dust, but it's plain stupid to waste it if you have multiple BTC in dust.

i am talking about sending the dust to the exchange in the first place.
as in: put your exchange deposit address in the faucet

dalek

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Quote from: onemorebtc on February 19, 2015, 11:55:17 PM

easiest way to deal with dust is to send it to an exchange.
but this is not nice - because the exchange and every user has to take the burden of your few cents.

faucets are just not worth it...

nope, it will incur the exact same transaction fee no matter where you send it. it might be easy to get rid of the dust, but it's plain stupid to waste it if you have multiple BTC in dust.

onemorebtc

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easiest way to deal with dust is to send it to an exchange.
but this is not nice - because the exchange and every user has to take the burden of your few cents.

faucets are just not worth it...

dalek

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Quote from: ?? on ??

WHy would you want to get rid of the dust in your wallet ?

I guess I should have expected this type of response given that this thread is in the Beginners forum. Read up on transaction fees. You will see that when certain conditions are met, no transaction fee is required. Using ANY method other than the one described by DannyHamilton will result in very large fees if your transaction includes many small inputs. That is why it is best to avoid dust, but if you already have a lot of it and don't want to just throw it away, you can rescue them by slowly building the small inputs into larger inputs. Then you can use your entire BTC balance to buy stuff instead of needing a significant percentage of it to pay the fees to transmit your transactions.

Brewins

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use the dust address as your every day address, like for receiving signature campaign payments, for example.

So as soon you receive your first non dust payment your problem will be not a problem

btcminer021

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Mine hard!

...so... there's no dictionary definition of "dust"? This seems like a good place to start...

Interesting "dust" references:

http://www.macobserver.com/tmo/article/the-mysterious-case-of-1-satoshi-transactions-clogging-up-bitcoin-wallets

http://bitcoin.lift-institute.com/killing-the-dust/

Thanks, Internet!

dalek

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Quote from: Herbert2020 on February 19, 2015, 08:39:03 AM

why do you need a program for this? you can easily use blockchain.info as OP says he is using and send all your btc to a new address which will get rid of the dust for you and also creates an address with a single input

I have enough dust that the fees would actually be higher than the total value of the dust. There are methods to remove dust by sending them as miner's fees (https://github.com/petertodd/dust-b-gone), but I want to rescue the dust and consolidate it into usable inputs. DannyHamilton's method would allow for this and require 0 fees.

activebiz

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u can try sending all to one of your addresses with low fees.

Herbert2020

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Quote from: dalek on February 18, 2015, 04:29:08 PM

Quote from: DannyHamilton on October 01, 2014, 11:47:30 AM

Quote from: Kakmakr on October 01, 2014, 02:08:37 AM

Can someone explain in detail, how I can get rid of all this, with the least amount of increased transaction fees?

Load the private keys into a wallet that allows you coin control, and create transactions that bind a single large output with a few small outputs. Wait of the transaction to receive enough confirmations. Repeat.

How quickly you can repeat the process will depend on the size of your large output. Assuming that you have a single 1 BTC output, you might be able to repeat the process ever 12 hours or so if you are lucky. Each transaction can combine about 5 outputs together without a fee.

I see in this older thread you were considering writing a program to do this. Are you still game, or has somebody else written one by now?

why do you need a program for this? you can easily use blockchain.info as OP says he is using and send all your btc to a new address which will get rid of the dust for you and also creates an address with a single input

dalek

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Quote from: DannyHamilton on October 01, 2014, 11:47:30 AM

Quote from: Kakmakr on October 01, 2014, 02:08:37 AM

Can someone explain in detail, how I can get rid of all this, with the least amount of increased transaction fees?

Load the private keys into a wallet that allows you coin control, and create transactions that bind a single large output with a few small outputs. Wait of the transaction to receive enough confirmations. Repeat.

How quickly you can repeat the process will depend on the size of your large output. Assuming that you have a single 1 BTC output, you might be able to repeat the process ever 12 hours or so if you are lucky. Each transaction can combine about 5 outputs together without a fee.

I see in this older thread you were considering writing a program to do this. Are you still game, or has somebody else written one by now?

Buziss

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Quote from: DannyHamilton on October 01, 2014, 11:47:30 AM

Quote from: Kakmakr on October 01, 2014, 02:08:37 AM

I use a lot of faucets

That's a very bad idea.

Quote from: Kakmakr on October 01, 2014, 02:08:37 AM

and accumulate a lot of dust.

Correct.

Quote from: Kakmakr on October 01, 2014, 02:08:37 AM

This supposedly increase my transaction fees.

Which is why I said it was a very bad idea. Depending on the "faucets" you are using, it's quite likely that it will cost you more than you receive to use any of it. In other words, a complete waste of time.

Agree with what DannyHamilton said, and it is not a good idea to use faucets.
But if you really want to use faucets but don't want to fill your wallet with dusts, you can use an exchange account or a casino account to collect the faucet payments and withdraw the balance to your personal wallet only after accumulating a significant balance.

BeginToMine

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https://www.payaccept.net/

You can not get rid of it.

DannyHamilton

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Quote from: pooya87 on October 04, 2014, 08:41:28 AM

Quote from: DannyHamilton on October 01, 2014, 11:47:30 AM

- snip -
a wallet that allows you coin control
- snip -

can you give an example of such wallet

The most recent versions of Bitcoin Core offer Coin Control as an advanced feature that can be turned on in the settings.

Quote from: pooya87 on October 04, 2014, 08:41:28 AM

and
do you mean to send the small amounts(dust) to a new address that you create (in that new wallet) or does it bind inside the same address (the primary address that had dust in)

I personally recommend ALWAYS using a new address for EVERY transaction you ever receive. This is how bitcoin was intended to be used, and what Satoshi stated in the original bitcoin whitepaper. It improves security and privacy, and it helps maintain the fungible nature of bitcoin. However, if for some reason you prefer to re-use addresses, it will work that way too.

Quote from: pooya87 on October 04, 2014, 08:41:28 AM

and one last thing
what amount of bitcoin is considered DUST

I personally consider anything less than $0.01 worth of bitcoin to be "dust". I think the rules on transaction relay and transaction fees aren't quite so strict.

alistar

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I dont think you want what I got.. I got like 0.00000001 sent to me.

Borisz

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Quote from: Unbelive on October 03, 2014, 08:03:10 AM

Some say that old coins dont have transaction fees. so maybe just let that dust lay there for a year or so. And you might be surprised of its worth then.

I was suspecting/heard this as well somewhere. I think this was the reason I could spend some of my "old" coins.

Topic: How can I get rid of dust in my wallet? - page 3. (Read 5371 times)