[question] how to use segwit to save on transaction fees

ccminer.net

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Quote from: TryNinja on August 27, 2017, 06:24:28 PM

For now, you can use the command "addwitnessaddress addr", where addr is an existing P2PKH or P2SH address of yours. It will construct a P2SH-P2WPKH or P2SH-P2WSH address with the same key/script, if known to be valid[1].

Obviously it would be better to wait until we have more user-friendly implementations from all main wallets if you are not an expert user.

[1] https://bitcoin.stackexchange.com/questions/57832/how-to-generate-segwit-address

I did so and the console created a new address based on one of mine previous ones.
Good!! Now what should I do?

jackg

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https://bit.ly/387FXHi lightning theory

Quote from: TryNinja on August 27, 2017, 06:24:28 PM

For now, you can use the command "addwitnessaddress addr", where addr is an existing P2PKH or P2SH address of yours. It will construct a P2SH-P2WPKH or P2SH-P2WSH address with the same key/script, if known to be valid[1].

Obviously it would be better to wait until we have more user-friendly implementations from all main wallets if you are not an expert user.

[1] https://bitcoin.stackexchange.com/questions/57832/how-to-generate-segwit-address

Sorry for sending this slightly off-topic, but is this just bitcoin core that can be used to make a signed transaction or is there any alternative client that will acccept such transactions (obviously by client I mean software, I know that the hardware wallets are able to handle these transactions already - apparently)?

TryNinja

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For now, you can use the command "addwitnessaddress addr", where addr is an existing P2PKH or P2SH address of yours. It will construct a P2SH-P2WPKH or P2SH-P2WSH address with the same key/script, if known to be valid[1].

Obviously it would be better to wait until we have more user-friendly implementations from all main wallets if you are not an expert user.

[1] https://bitcoin.stackexchange.com/questions/57832/how-to-generate-segwit-address

DannyHamilton

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While Bitcoin Core now recognizes and validates SegWit transactions if they occur, there is no user interface yet to make use of the functionality.

ccminer.net

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Quote from: jackg on August 27, 2017, 05:47:07 PM

Quote from: ccminer.net on August 27, 2017, 05:31:30 PM

Quote from: jackg on August 27, 2017, 05:06:12 PM

Quote from: ccminer.net on August 27, 2017, 04:54:10 PM

Hi,

I know few days ago SEGWIT finally started for BTC.
I know that thanks to it we can save on tx fees, but I have no idea how to use it with my bitcoin core wallet (currently version v0.14.1.0-g964a185)

Please guide me on this

THX

It should work automatically with your core I think. Although I think it has to be on addresses that begin with a 3 (segwit addresses).

Please try to be a bit more specific

I assumed it would be automatic. And doing a quick search, i can see no guides that say how to use segiwt, just it's benefits from the core devs.
I may have to wait for someone more technical so come online who understands this update better than I do as it involves sending a transaction with a segregated witness address.

Thank you!

I hope some one more tech than us could help us to understand in a proper way this update!

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: ccminer.net on August 27, 2017, 05:31:30 PM

Quote from: jackg on August 27, 2017, 05:06:12 PM

Quote from: ccminer.net on August 27, 2017, 04:54:10 PM

Hi,

I know few days ago SEGWIT finally started for BTC.
I know that thanks to it we can save on tx fees, but I have no idea how to use it with my bitcoin core wallet (currently version v0.14.1.0-g964a185)

Please guide me on this

THX

It should work automatically with your core I think. Although I think it has to be on addresses that begin with a 3 (segwit addresses).

Please try to be a bit more specific

I assumed it would be automatic. And doing a quick search, i can see no guides that say how to use segiwt, just it's benefits from the core devs.
I may have to wait for someone more technical so come online who understands this update better than I do as it involves sending a transaction with a segregated witness address.

ccminer.net

sr. member

Activity: 595

Merit: 251

Quote from: jackg on August 27, 2017, 05:06:12 PM

Quote from: ccminer.net on August 27, 2017, 04:54:10 PM

Hi,

I know few days ago SEGWIT finally started for BTC.
I know that thanks to it we can save on tx fees, but I have no idea how to use it with my bitcoin core wallet (currently version v0.14.1.0-g964a185)

Please guide me on this

THX

It should work automatically with your core I think. Although I think it has to be on addresses that begin with a 3 (segwit addresses).

Please try to be a bit more specific

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: ccminer.net on August 27, 2017, 04:54:10 PM

Hi,

I know few days ago SEGWIT finally started for BTC.
I know that thanks to it we can save on tx fees, but I have no idea how to use it with my bitcoin core wallet (currently version v0.14.1.0-g964a185)

Please guide me on this

THX

It should work automatically with your core I think. Although I think it has to be on addresses that begin with a 3 (segwit addresses).

ccminer.net

sr. member

Activity: 595

Merit: 251

Hi,

I know few days ago SEGWIT finally started for BTC.
I know that thanks to it we can save on tx fees, but I have no idea how to use it with my bitcoin core wallet (currently version v0.14.1.0-g964a185)

Please guide me on this

THX

Topic: [question] how to use segwit to save on transaction fees (Read 830 times)