1 sat/vB transactions are being mined If you have lots of sma | r/Bitcoin

1 sat/vB transactions are being mined

If you have lots of small inputs in your wallet (expensive to spend when fees are high) the next couple of days could provide defragging opportunities.

Send yourself a transaction with many small inputs and they get combined into a single input.

Each input uses 148 bytes (less for segwit) so any dusty bits in your wallet over 148 sats could be worth including in a 1 sat/vB defrag transaction for example.

Keep an eye on the mempool: exchanges might submit large slugs of defrag transactions and clog things up.

Note, only combine together small UTXOs: there's no point combining two UTXOs of 1 BTC into a 2 BTC lump. Large UTXOs also mean large change when you spend, raising privacy issues. The ideal UTXO sizes in your wallet are the exact amounts of your future transactions.

Difficulty will rise ~20% on Thursday which could mean the mempool and fees going up again. Don't miss this opportunity.

Beware that some wallets may not let you set a fee as low as 1 or 2 s/vB.

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