Post
Topic
Board Lending
Merits 4 from 2 users
Re: BTC Loan
by
LoyceV
on 08/12/2022, 11:41:12 UTC
⭐ Merited by grandman58 (2) ,NeuroticFish (2)
What I can offer as collateral is a wallet that has 2.1 btc in it.
I could extract the amount needed from it, but the wallet has a ton of small inputs to form that sum, and in order to not get a too large transaction error I need to make a ton of small transactions to get there and it takes a huge amount of time.
I need the amount faster than that for a urgent matter.
If someone can tell me how I can set up 500 transaction of 0.001 in one so I don't get the error, and I don't have to do it 500 times in transaction manually, I'd be happy not to ask for anything Cheesy
I'm using bitcoin-core and the wallet dat file loaded.
I did manage to make a 0.00175 transfer with no error, but that takes me like a million years to get to the sum I need.
First: I wrote a topic on How to Consolidate your small inputs years ago. Read it Smiley
You're not the first, although having that many small inputs is uncommon (but not impossible). What did you do: collect faucets for years?
Anyway, in Bitcoin Core it's fairly easy to handle. First, enable Coin Control: Settings > Options > Wallet > Enable coin control features. Then, go to Send > Inputs and manually select a bunch of inputs. You can sort them on size and start with the largest one. Select for instance 100 at a time, set the lowest fee (1 sat/byte), and send the entire amount to a new address that you own. Keep doing this until you have no more small amounts in your wallet.
If you're desperate enough, I can do it for you (at a price). But it shouldn't be too difficult to do this on your own.

Don't do this! Bitcoin Core is fine, no need to switch to Electrum.