Sunday 8 October 2023

UTXO Management


In many years some small early Bitcoin balances may be too expensive to send making them un-spendable and “stuck”. Let’s say for instance that I moved many small balances off of an exchange. Less than $5 or $10 worth at a time. Let’s say for instance that I have 1 BTC with many of these small utxo associated with it. In order to fix this, could I just start sending larger transactions to a new address or would I need to do something like combing all of the smaller transactions specially. My idea would to be to send 1,000,000 sats at a time to the new address as well as bigger transactions until the whole BTC was moved. Would this be a good strategy combining utxo or am I way off? via /r/Bitcoin https://bit.ly/3MfOIWz

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