Quote from: TheQuin on Today at 07:14:53 AM

Quote from: buwaytress on Today at 07:06:36 AM

That's a lot of dust (229), I wonder if there's a plan to at least manually try and consolidate all of that in stages?

The plan is to wait for the minimum mining fees to be reduced. We would pay too high a percentage of the value to move them. There was talk previously about reducing it from 1 Sat/byte to 0.1 Sats/byte. I personally think it is inevitable at some point when BTC price becomes much higher.

I think that plan was canceled. Fees are >1 sat/byte most of the time, and even though Bitcoin prices keep increasing, there's no point in reducing the minimum fee as long as blocks are full.

Quote from: TheQuin on Today at 04:43:13 AM

When you deposit to us we sweep funds greater than 0.00050000 to 1Fu3iBR2EMQWeYGi3XvrPmcPUkne8ZWj9h
There is currently 229 BTC of dust deposits that haven't been swept.

Interesting! Considering the current consolidation happens at 3 sat/byte, you could probably consolidate at least everything between 20,000 and 50,000 sats at 1 sat/byte. Make the transactions separate from the higher amounts, and just keep broadcasting until it confirms.

I checked all addresses with less than 50,000 sat. The total balance is 18,088.92659937 BTC. That means FreeBitco.in owns 1.266% of all dust.
In total, 22,918,211 addresses hold less than 50,000 sat. Assuming an even distribution, 1.226% puts you at around 290,000 inputs. This is enough to fill about 43 blocks. Assuming my estimate on the number of addresses is correct: consolidating everything at 1 sat/byte would cost 0.43 BTC, or about 0.19% of the 229 BTC value.

And of course implement Segwit for future deposits