Post
Topic
Board Bitcoin Technical Support
Merits 5 from 2 users
Topic OP
Understanding by wallets are sending micro transactions, with optimal rate fee
by
chantatic
on 03/01/2024, 16:53:35 UTC
⭐ Merited by LoyceV (4) ,hugeblack (1)
Example #1
https://mempool.space/address/bc1qw2acyf9x2gtnxlydwf3e4rgw9fxgaxnm2jr4mu
1110 transactions for 13 cents each to the same wallet, why wouldn't you just sent the total amount once to the wallet to save on transaction fee?

Example #2
https://mempool.space/address/bc1plh4au35n0t4c7fdjnyr8s6m7krr2ddp5cxg747s5lmpnjrsrks9smu7ucz
Sending 23 cents transaction over and over again to the same wallet with the rate fee of $7.45USD for each one...

Example #3
https://mempool.space/address/bc1qy5g5tdx2evg3v5f4rj90f6amhy92gtam39n0hc
over 50,000 transactions sent, but the total amount is 20x less than is rate fee? So they are basically losing input, while sending all the micro outputs to the same wallet address. Just sent 1 total amount to the wallet, instead of 20,000?? no?

These type wallets are contributing to the network congestion on the bitcoin network and was hoping someone can give me more insight about them or why they are creating all of these micro transactions to the same wallet constantly.

Thanks