Seize the Opportunity: Consolidate Your Small Bitcoin Inputs During Low Fees!

Background: As Bitcoin network congestion drives fees higher, now is the ideal time to consolidate small inputs.

Example: A recent 4909-byte transaction with 33 inputs incurred a 510 Satoshis/byte fee, resulting in just 0.0079539BTC. With today's low fees, you can save significantly.

Opportunity: With current low fees, consolidate inputs as small as 0.00002BTC, potentially saving up to 95% in fees for future transactions.

Benefits for All: Consolidating during low congestion benefits the entire network by reducing congestion when it's busy.

How to: Depending on your wallet, send your balance to a new address, manually setting the fee or enable coin control. Consider multiple transactions for various inputs.

Privacy: Note that consolidating inputs can link them on the blockchain, so weigh the implications.

SegWit: Explore SegWit addresses for fee reduction.

Fee Estimators: Check fee estimators for optimal transaction fees.

No Spam: Spam-free thread; irrelevant posts will be removed.

Disclaimer: Use this information cautiously, especially with private keys. Report any errors, and remember to think before acting.