Hello,
I am using blockchain wallet for a year, now I need to send some coins to another adresses, but it appears message:
This wallet contains a very large number of unspent outputs. Please consolidate some outputs
I know, that is because lots of mini amounts of bitcoins was send to my wallet adresses. Now everytime wallet ask me about higher fee.
What to do now? How to fix this problem? How to consolidate these outputs?
I really do not know, what to do.
Thanks for help, have a nice day!
Majox
I have recent experience on that:I am using blockchain wallet for a year, now I need to send some coins to another adresses, but it appears message:
This wallet contains a very large number of unspent outputs. Please consolidate some outputs
I know, that is because lots of mini amounts of bitcoins was send to my wallet adresses. Now everytime wallet ask me about higher fee.
What to do now? How to fix this problem? How to consolidate these outputs?
I really do not know, what to do.
Thanks for help, have a nice day!
Majox
I had a wallet with some addresses with lots of tinny and large inputs (~600 in 3 addresses), so Blockchain.info suggested me a very high fee (~20 mBTC). Instead on paying a lot of money, I tried to set my own fee with the "advanced" option. I could move these Bitcoins using less than 5 mBTC. The transactions took a bit more time but I could sent that money to a more secure (I hope) paperwallet. Tre fee depends on the number of unspent inputs, start with 0.1 mBTC for 200 inputs and if the transaction is rejected, click on "back" and increase the fee (if you are emptying the address, decrease that amount on the destination address).
Note that very tinny dust will be ignored (I had loose satoshis!), because they need ~180 bytes and each byte could cost at least 1 satoshi.