04 Dec '12, 3am

How can I combine all the tiny amounts I've received to minimise transaction fees, and do I need to?: Important

Important parts in bold, for those who don't want to read the detail! I've received lots of tiny transactions, in amounts sometimes as low as 0.000003BTC. Even though I've also received (relatively) larger amounts, I'm worried that when I want to spend my bitcoins the transaction fees may be very high thanks to the large number of "input" transactions needed to make up the output transaction. As I understand it, the network has an algorithm for determining minimum transaction fees, and the relationship between number of inputs and required transaction fee is non-linear. This means there is likely some optimum way to combine my inputs. This has already been discussed here and here , but neither question asks how it can be done, and how bad the consequences can be. It might be best to somehow include as many tiny inputs with a larger input each time I spend a moderate amount...

Full article: http://bitcoin.stackexchange.com/questions/5583/how-can-i...

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