Post
Topic
Board Pools
Re: [25 PH] ** 5x AVALON6 GIVEAWAY ** Kano CKPool (kano.is) [0.9% PPLNS] US,DE,SG,JP
by
DrFoster
on 08/03/2016, 04:48:09 UTC
I understand that all the small incoming transactions make the larger outgoing one large in tx size, but would it help to take all those little coins in your pocket and then sending them to another wallet every now and then?  Like let's say I mine 0.02BTC per block found.  Say after 100 blocks at Kano I have 2BTC.  Can I then send that 2BTC to myself to consolidate them before I spend them?  Kind of like house keeping so that when I do buy something that it doesn't get stuck?

1. You'll pay more in tx fees in the long run vs just spending it once and not consolidating.  (Assuming tx fee rates are equal at the time of consolidation and spend)  You get hit with tx during consolidation and again during spend.
2. Transactions not getting stuck are just a matter of selecting a tx fee rate relative to the current market value and the speed you're looking for confirmation.