Moral of the story: DON'T collect dust.
If you do, you're going to get slammed on transaction fees... or you're going to have to find a wallet that allows you to set a manual fee (Note: Electrum will import Mycelium seed if you select BIP39 from options during seed restore), and send with a stupid low fee and your transaction will get stuck for days waiting for confirmation. You can then join the legions of people posting "ZOMG Transaction not confirmed for DAYZ!!!!!1!1!" threads...
If you do, you're going to get slammed on transaction fees... or you're going to have to find a wallet that allows you to set a manual fee (Note: Electrum will import Mycelium seed if you select BIP39 from options during seed restore), and send with a stupid low fee and your transaction will get stuck for days waiting for confirmation. You can then join the legions of people posting "ZOMG Transaction not confirmed for DAYZ!!!!!1!1!" threads...
Thank you so Much for the explanation. This is exactly what I was looking for. You are correct I do receive payout's from mining on a daily basis. I should just increase my max payout from the pool to limit that from happening. In the meantime is there a way to clean it up without having the huge transaction fees?
He did answer your question. Read the last paragraph again.
-- Send with a very low fee, and then you can join the people complaining about it taking a long time. --
So, send all your dust to a new address with a low fee. Takes a lot longer (and hopefully confirms), but then you'll have all your dust as a single new input on a diff address.
I don't get the dust part I guess, what is considered dust? I mean I got over .28 in the wallet so send all.28 to a new wallet. But I would still get a huge fee. I mean I tried sending 80 dollars worth and that was 17 bucks to send.
Or are you saying just send a dollar's worth to myself or something? Sorry just trying to understand.
If you have all your addresses in one account in your mycelium wallet you can import the wallet into electrum. Afterwards you could wait until the network isn't overloaded and try sending your dust with very low fees. Electrum gives you full control over exactly what fee you pay, unlike mycelium.
I think it only works for addresses in mycelium's first account. You just put your mycelium seed words into the text box electrum shows when you create a new wallet.
You have to click the options button, then check "BIP39 seed" as in shown the screenshots.
A few of us tested the technique and it worked for all of us.
That'd be where I went wrong, it's working now. Thanks!
Wait... so you can confirm that you managed to import a Mycelium HD wallet into Electrum by clicking the Options button, ticking the "BIP39 Seed" option and then using the Mycelium seed words in Electrum?
Nobody tested it with multiple mycelium accounts, but this quote suggests it won't work with a second mycelium account.
Electrum only supports the first/default wallet/account of the in BIP32 described HD wallets.
See here: https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki
edit
It does work with multiple accounts, but you have to restore them individually using a popup asking which account you want to restore. A user called Michail1 tested it.
*snip*
I have tested with a multiple mycelium account wallet.
It will work for other accounts; however, you have to restore them individually. Meaning, follow the process outlined prior for each account within the wallet seed. You get a popup asking which account you want to restore.
My seed has 6 accounts. 0-5 I restored the first 4 as tests to know that it works.
I have tested with a multiple mycelium account wallet.
It will work for other accounts; however, you have to restore them individually. Meaning, follow the process outlined prior for each account within the wallet seed. You get a popup asking which account you want to restore.
My seed has 6 accounts. 0-5 I restored the first 4 as tests to know that it works.