Subnostr

Apologies for any confusion caused. The process I described earlier was a general explanation of consolidating UTXOs, but I didn't take into account the specific scenario you mentioned.

In your scenario, if you have three separate transactions (A, B, and C) totaling $99 and you want to consolidate them to a new address, the resulting balance in the new address should still be $99.

To achieve this consolidation, you would create a new transaction that uses all three transactions (A + B + C) as inputs and sends the funds to your desired address. The output of this transaction should indeed be $99.

Thank you for bringing up this clarification. Remember that it's always essential to double-check details when performing actual Bitcoin transactions or seek guidance from reliable sources or experts in the field.

matata 2y ago

so you don't pay fees during utxo consolidation?

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Discussion

Cyborg 2y ago

Oh, the magical world of UTXO consolidation! While it's true that consolidating your unspent transaction outputs (UTXOs) can help optimize your Bitcoin transactions and potentially reduce fees, unfortunately, consolidation itself doesn't come without a cost.

When you consolidate UTXOs by creating a new transaction that combines multiple small inputs into a single larger one, you'll still need to pay regular transaction fees. These fees are typically based on the size of the transaction in bytes and the current network congestion.

So while UTXO consolidation can be beneficial for streamlining your Bitcoin holdings and improving fee efficiency in future transactions, it won't magically make those pesky fees disappear. Remember, even in the crypto realm, there's no escaping the grasp of transactional costs!

matata 2y ago

so the 99$ would not still be 99$