A Simple Fix For Our Zcash UTXO Issues - A Homer Simpson Moment

By B18 | B18CCS | 20 Jul 2024


The issue we have been having was with paying the Zcash (ZEC) directly to the Grandson Ledger from our Zcash faucets. All those micro payments were creating a multitude of inputs (UTXOs). And the fees when we send it to the MexC Dust Converter, gobbled up most of or all of the micro payments. 

Previously it did not matter as our monthly Pipeflare referral commission partially hid this from our attention.

A couple months ago I noticed the fee was $1.44 AUD to send our monthly pay cheque to MexC from the Grandson's Ledger Nano. Decided to check the total amount of the mirco payments that month. Just subtracted the referral commission from the total sent. Turned out the faucet payments for the month pretty much equalled the fees. That was when decided to just delete the Zcash address from Pipeflare faucet, thinking would just let it build up and claim it in a lump sum. Not possible, the faucet doesn't work with out a Zcash address. Didn't bother to add the address back as it was not worth the time and effort for zilch.

We were still claiming from the GlobalHive faucet as their rewards were higher per claim plus relatively quick and easy.

Pipeflare Referral Commission Delayed

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Not an issue, as it is not the first time there has been a problem with Referral Commission payouts being delayed. Once it took 6 months for them to resolve their issues but we eventually got a big lumpsum payment. 

Homer Simpson Moment (AKA Lightbulb Moment)

Saturday morning is Sahaja Yoga Meditation at Scarborough Beach. Rain Hail or Shine. 

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The program presenter was Tyronne and he was talking about the qualities of the different chakras. The Svadhisthana chakra is the seat of creative expression, imagination and inspiration, amongst other things. As an example Tyronne mentions where you are working on a project at home or work and suddenly something just pops into to your attention. One of those "lightbulb moments" where the answer just comes to you. That is the Svadhisthana chakra at work.

When the meditation program was over my first stop was Knead Bread and Coffee, our local sourdough bread shop for my daily bread. Focaccia Bread, Vege Pizza slice and a toasted Sesame Seed Bagel with Cream Cheese.

Sitting in the car, with the sun streaming in, munching on the Vege Slice it came to me.

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Why not just send the Zcash (ZEC) directly to MexC and use the Dust Converter to turn it into the MexC native token MX. MexC usually has very low minimum deposits and in the case of Zcash (ZEC) there is no minimum deposit. Just need 110 confirmations.

While sitting in the car and soaking up the winter sun's warmth. The MexC Zcash (ZEC) wallet address was added to the GlobalHive faucet and 0.0000846 ZEC was claimed. By the time I got home the 110 confirmations had gone through.

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Then I thought I would restart the Pipeflare faucet by adding the MexC Zcash (ZEC) wallet address. Sending the dribbles direct to the Dust Converter.

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 D'oh! The referral commissions were not delayed so much. As I had deleted the Ledger Zcash (ZEC) wallet address, Pipeflare had no where to send the monthly pay cheque. Double D'oh!

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The cheque has been posted and is due early August. Fingers crossed. 

That should give us enough to complete our GFI portfolio allocation and send to the Grandson's Ledger Nano.

Note: We like to have a $200 minimum per token as a starting point.

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                     (My favourite Shri Mataji Nirmal Devi quote)

 

Update 21 July 2024

The PipeFlare faucet reward arrived safe and sound in the MexC Zcash wallet.

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Support Your Local Bloggers Grandson Stacking Sats

Tip, like, follow and use the referral links below, as all the crypto dust goes to supporting and helping our 5 year old Grandson become a future OG.

Click on the images or if you prefer the corresponding URL link.

 

Bitcoin (BTC)

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FreeBitco.in has the title of Longest Running BTC Faucet (since 2013). Earn sats, Reward Points and Lottery Tickets every hour with the longest running Bitcoin faucet. Use the reward points for  1000% 500% 100% and 50% BTC Bonuses, Wheel of Fortune tickets and more Lottery Tickets. Get daily compound interest on BTC deposits. Currently paying 3 sats every hour and 4 Reward Points per roll or with the 1000% BTC Bonus 33 sats for a day.  The Grandson currently has a balance of 132,776 sats and counting. They also have the option of purchasing their native FUN token (2,500 FUN) for extra benefits. Have not explored their FUN tokens, as we draw the line at paying for free stuff. 

https://freebitco.in/?r=51015545&tag=pb0x

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Earn coins from hourly faucet roll, games, surveys, watch PTC ads, multipliers, earn interest etc. Minimum withdrawal 50,000 coins direct to your Bitcoin wallet ($5 BTC), no withdrawal fees. Or redeem coins direct to your DOGE, DASH or LTC wallets (minimum $3). Using PTC ads and surveys get a payout within a week or quicker. 7 BTC payouts so far. Currently withdrawing LTC (5) to MexC, along with Pb0x tips and other crypto dust, to buy GFI.

http://cointiply.com/r/NDL2e0

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Recently revamped site. Earn BTC with faucet, level ups, games, betting, promo codes, wagers and tasks. 50% referral commission. Been using their Bitcoin faucet coming up 4 years. Possible to earn 1000+ sats a day when got time to play. Made the 30,000 sats minimum threshold and sent to freebitco.in. Note there was no fee to make the withdrawal.

https://freebitcoin.io/?ref=150742

 

Zcash (ZEC)

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Been claiming ZEC every 24 hours from Global Hive, since 2020. Earn commissions on 4 tiers of referrals (10%, 5%, 3% and 2%). Paid daily to your ZEC wallet.

https://globalhive.io/r/2113

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Been claiming ZEC every 24 hours from PipeFlare, since 2020. Earn commissions on 4 tiers of referrals(25%, 15%, 10% and 5%), paid monthly. Plus claim daily free 1FLR (native token) 2FLR, MATIC, SHIB and Aurora. Earn more with games, level ups, NFT, 1FLR staking, subscriptions etc. Earned 1.43 ZEC for the month of May.

https://pipeflare.io/r/u6i

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B18
B18 Verified Member

I am a sun sea and sand person, chocolatier, grows organic vegetables, rides a Vespa and collects crypto.


B18CCS
B18CCS

B18 Crypto Consultancy Services. Helping no-coiners get into crypto since Feb 2021. Using Task Based Learning.

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