Topic: How can I get rid of dust in my wallet? - page 4. (Read 5371 times)

can you give an example of such wallet
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)
and one last thing
what amount of bitcoin is considered DUST

Don't worry about dust. If you want to get rid of dust, just create a new wallet and your worries will be gone.

Somewhat true, but not entirely.
The current set up is that you could expect your free transaction to be included in a block without problem if it has a priority of 57,600,000
(https://en.bitcoin.it/wiki/Transaction_fees#Technical_info). So roughly speaking, if you have a 10 bitcoin output, you can send it without fee when it has 15 confirmations; but if you have a 0.0001 output, you can send it when it has 1500000 confirmations.

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.

You can't take them out, but you can choose to not spend those dusts by enabling the coin control features in bitcoin core.

Also, it seems the dust spamming has stopped as I haven't received any more dusts for 3 days now.

This "dust" is a major issue I see with Bitcoin. I have 1000$ in 1$ bills, but I can't take them out of my wallet.

I generally try to send it - as much as I can- to e.g. an exchange and do some magic there. if I remember correctly, after some core changes I could send some coins even though I couldn't do it before. Not sure exactly why, but it was a positive thing.

Just sweep the all wallets priv keys to a blockchain wallet and try sending the whole sum to other address.

How many transactions do you have?
Try import (sweep) private key to another blockchain wallet.
This worked for my 0.012 BTC with 80 input transactions. Armory wallet required almost half as fee (sweep took whole day to confirm but cost me only 0.0001 BTC)

If your fees went up then just go create a new wallet? if they dropped and went up explain how you decreased the fees because idk lol

Alternatively, if you don't have a sufficient amount of dust, just leave it as it is.
Come back and view it maybe in a few years from now.
Transaction fees decrease as bitcoin price increases. Plus your dust will have increased priority
http://www.coindesk.com/bitcoin-transaction-fees-slashed-tenfold/

I used to use a lot of faucets too but stopped once I realized how much more I could get just by buying with fiat instead. I still visit them occasionally though.

Anyway, as I remember it, I always put in the lowest possible fee using Electrum (10,000 satoshis) and transactions would always go through and be included in the next block. This was despite the address having received multiple ~5,000-10,000 satoshi transactions.

Huh? I have absolutely no idea what you want to say here.

all transactions that nothing can be cleaned and it will become evident when something happens one day later

That's a very bad idea.


Correct.


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.


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.


You'll need to export the wallet from blockchain and import it into something that gives you better coin control.


Extremely small value outputs that use up space in your transactions causing your transaction size (in terms of bytes) to increase and therefore your customary transaction fee to increase.


Incorrect.  Distinct outputs are not stored as a single block. They are stored (and spent) as individual outputs.  It's a bit like if you open up the physical wallet in your back pocket and pour 10,000 pennies into it.  Sure, you have $100 in the wallet, but when you go to spend it you still have to count out all those pennies. They don't just magically melt together and transform into a $100 bill.


Because adding five separate 10 µBTC outputs to a transaction adds 50 µBTC in total value to the transaction, but requires the transaction to spend an extra 100 µBTC in fees.  Therefore, your transaction costs you an extra 50 µBTC more than it would have if you didn't have the dust included in the transaction.


Sure, but it would cost you money to do so.

Lets say that you have 500 "dust" outputs all valued at about 1 µBTC each.  If you try to send them all to 1BitcoinEaterAddressDontSendf59kuE you'd have to pay a transaction fee of nearly 10,000 µBTC (0.01 BTC) just to get rid of the 500 µBTC (0.0005 BTC).

I don't get it. What is "dust"? You'll have a sum of a lot of small transactions in your wallet. Tons of dust = nice block of sand, so why you wanna get rid of it.
Anyway, couldn't you just send it to an address that doesnt exist?

I posted this on another thread, but I do not understand how this is done?


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.