Post
Topic
Board Development & Technical Discussion
Merits 6 from 4 users
Re: New Mempool Observation: The daily BitMEX broadcast at 13:08 UTC
by
gmaxwell
on 05/05/2020, 14:36:42 UTC
⭐ Merited by philipma1957 (2) ,ETFbitcoin (2) ,vapourminer (1) ,ABCbits (1)
I'm guessing that's part of the vanity prefix and not something they're willing to let go unless offered a better solution.
There is no requirement to use uncompressed keys to use vanity addresses-- in fact, vanity addresses can be generated slightly faster with compressed key.

Quote
throughout the day would achieve this better than batching outputs, which is a bandaid to blasting the mempool with all your withdrawals in one giant broadcast.
These things are not mutually exclusive, batching into a modest number of outputs per txn could halve the load they place on the network-- and that's true regardless of when they emit the transactions. (doubly so if someone created a two-sided version of the branch and bound search in Bitcoin core that can often result in changeless transactions when run with large wallets)

However, an even more block space-efficient alternative would be to use a non-multisig wallet for user deposits, which are periodically consolidated into a multisig wallet.
Meh. I'm not sure that's great advice. With the normal way that Bitcoin us used, you don't have any idea how much a user will deposit. So, sure, it would be reasonable to send *small* deposits to a less secure wallet, and preferentially use those payments... but then you might also have a user depositing 2000 BTC in one go and then have those funds stolen from the hot system before your sweep moves them.