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223 sats \ 1 reply \ @davidw 6 Nov 2023 \ on: What's Your Strategy for UTXO Consolidation in Light of Privacy & Fee Trade-offs bitcoin
Mempool Size
I try to pay attention to the fee markets. Last few weekends have been great for consolidation and security upgrades. 2-3sats per byte.
Mempool has exploded these last few days though. 10x more expensive right now. Some wallets still let you lowball the fee if you’re happy to just have transactions queued.
Coinjoins
Always try to avoid combining more than 2 inputs into one transaction. And if you do combine 2, increase privacy first. If you combine 2 inputs, surveillance companies will always (for now at least) associate those as the same owner, so consider this into your strategy.
Unless of course you don’t care about the original source identifying you, because you’ll shake the tail later with more coinjoins.
Label, label, label everything. All UTXOs. Your future self will thank you.
<mempool size
good important point 👍
Always keep an eye on it when is about to move UTXOs.
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