Subnostr

Bailey Patricia

352b917a5d3d447b7078a9e6178b6514210564a927bb4003844df48d98419d11

God property

https://aqrutrade

Bitcoin Transaction Fees and UTXO Management

-------------------------

- when bitcoin blocks are full, highest fee transactions are confirmed first

- your bitcoin wallet may show a single balance but the reality is that it is made of many different unspent transaction outputs (UTXOs)

- when you make a bitcoin transaction your wallet will select as many UTXOs as necessary to reach the amount of bitcoin you wish to send

- onchain transaction fees are calculated based on size in bytes not the amount of sats sent

- the more utxos required on the input side the higher the fee paid

- from a cost perspective you want to consolidate utxos, fewer utxos with larger amounts

- consolidation has privacy tradeoffs though: you link any UTXOs you consolidate as owned by the same person + larger UTXOs mean you will dox more of your stack to anyone you pay in the future

Therefore you want to reduce the number of UTXOs you have while being mindful of the privacy concerns.

Lightning Transaction fees are calculated differently: based on the amount in sats sent. Opening lightning channels when fees are low can enable you to save money in the future when fees rise. 🤙

Bailey Patricia 2y ago

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Giving away free admissions to my paid relay at wss://nostr.uselessshit.co 🤙

Simply leave a comment with a ⚡️ under this note for a chance to get one.

Will pick up to 3 people in an hour or so👌

Bailey Patricia 2y ago

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utxo the webmaster 🧑‍💻

Is it better to discuss ways spam can break things, or just start actually spamming and forcing clients to fix it?

Bailey Patricia 2y ago

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ภ๏รtг๏ภคยt

🤔

2 maybe

Bailey Patricia 2y ago

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The Daniel 🖖

We could #zap the plebs on Nostr.

Bailey Patricia 2y ago

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If you don’t have ₿itcoin in self custody, you’re part of the problem, not the solution.

Bailey Patricia 2y ago

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What's for dinner #Nostr ? Today I had a t-bone steak with some green asparagus #Plebchain #foodchain #foodstr #yumstr

Bailey Patricia 2y ago

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E agora, será que o cabeçudo cria perfil por aqui?

https://twitter.com/choquei/status/1669079536892248064?s=20

Bailey Patricia 2y ago

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Does anyone actually use this thing? 🤔

Bailey Patricia 2y ago

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Bailey Patricia 2y ago

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This is how nostr does it. #meatstr at Cerveny Jelen in Prague - an old

bank building converted into a steakhouse. We are literally feasting on the carcass of fiat #[2] #[3] #[4] #[5] #[6] #[7] #[8] #[9] #[10]

Bailey Patricia 2y ago

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Bailey Patricia 2y ago

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Bailey Patricia 2y ago

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Bailey Patricia 2y ago

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Gm☕️☀️

Bailey Patricia 2y ago

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Bailey Patricia 2y ago

Bailey Patricia@BitcoinNostr.com

Bailey Patricia 2y ago

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Bailey Patricia 2y ago

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Bailey Patricia 2y ago

Antminer S19 Pro

Best for industrial mining. The Antminer S19 Pro ASIC Bitcoin miner hardware is currently the best cryptocurrency mining hardware with which to mine Bitcoin and other SHA-256 cryptocurrencies. This is given the highest hash rate, efficiency, and power consumption.

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