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Home»BITCOIN NEWS»Transaction fees – P2PKH output integration
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Transaction fees – P2PKH output integration

By Crypto FlexsDecember 1, 20231 Min Read
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Transaction fees – P2PKH output integration
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There are thousands of UTXOs created in 2016 for experimental purposes. These are generated programmatically using P2PKH transactions, each producing hundreds of 10K level sat outputs.

Since these are now worth thousands of dollars, I’d like to consolidate these outputs (and retrieve them by some wallet for convenience).

However, considering the current fee market (over 50sat/vB on average), each trade I attempt is very hefty, requiring me to pay fees equivalent to over 60% of the total value. (Otherwise it will be stuck in the mempool forever.)

As far as I know, the inputs all contain P2PKH scripts, so there is no way to use SegWit, Taproot, etc.

Any suggestions on how to handle this situation?

thank you!

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