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Re: [FULL] ChipMixer Signature Campaign | 0.00075 BTC/post
by
jackg
on 01/02/2018, 14:43:42 UTC
SegWit addresses don't safe on fees when receiving transactions, the savings happen when you make a payment from a SegWit address.

When sending to a P2PKH the pk_script is:
Code:
OP_DUP OP_HASH160 Size PubKey_hash OP_EQUALVERIFY OP_CHECKSIG
bytes: 1 + 1 + 1 + 20 + 1 + 1 = 25

When sending to a Bech32 address the pk_script is:
Code:
OP_0 Size PubKey_hash
bytes: 1 +1 + 20 = 22

paying ~58 people with Bech32 means 174 bytes smaller Cheesy

Loyce is referring to the legacy address that pays us from DarkStar_. That's why the fee won't fall due directly to it being bech32.

Also @DarkStar_ do you know if you can convert your address with the 1Chip in it to a bech address or a non-native segwit address and then it won't have too many issues if people pay to exchanges (as most exchanges don't support native segwit).