- My balance is currently made up of lots of small amounts
- I know I'm not going to be using my bitcoin wallet for a while, so I don't care if the consolidation transaction is slow.
Would creating this transaction with no(or relatively low) fee achieve the aim of making subsequent transactions smaller and therefore less likely to attract higher fees in order to go through quickly?
Assuming this sort of 'consolidation' even works.. What would happen if a wallet program had a feature that allowed people to automatically 'consolidate' overnight depending on the makeup of the wallet's balance? Might it have a negative effect on the network?