Re: [38+PH] KanoPool kano.is BEST 0.9% fee PPLNS US,DE,JP,NL,NYA 🐈

Consolidate your transactions with the low fees!

Indeed - don't wait for the next run of high fees then complain about them Cheesy

Do it! Do it now!

I did and it was confirmed very quickly even with the low fees. Now is the time to consolidate all of your small payouts to another wallet you own! Cheesy

I was going to ask about this very thing... I have had several payments into one address. But I keep hearing of this consolidation. What is exactly meant by it and what benefit is there, or negative if its not done? I know it means to move the funds to another address or wallet ID, is it simply to put them in one block so that when its moved its not being moved from many blocks over the past couple months and that ads up to more fees? Ie satoshi's per kb..

I have had all the payments for blocks on kano since dec 10, and about 1 each week from Nov 21 from Nicehash... except for that last one :-)

Thanks.

It's cheaper to move one "unit" that is 1 BTC vs 100 "unit"s that total 1 BTC.

As an fyi, minergain is still showing the mempool at 125MB, so still terrible - however there have been errors with blockchain.info overnight, so that may be part of why lower transactions that have been sitting there longer are getting through. It never hurts to consolidate and www.minergain.com/faq.html#btctxfees will give you some options. I always go about half of the weekly value and would try .00005 BTC/Kb. Be sure to check the option to change the fee later if that is a setting in your wallet.