pazNGMI
pazNGMI
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If You Understand THIS, You'll Be Ready For Runes
READ THE DESCRIPTION! ⬇️⬇️⬇️
This video will go through what UTXOs are, how they function within Bitcoin, and how to prepare them for Runes. I'll also be answering a few questions that people had from my previous video.
There are a few things I would've liked to add on, but to save some of your time it'd be better to add it within the description. Here are the items:
- In case my explanation for a Rune mint was misunderstood, 1 Rune Mint will require 1 UTXO, but the cost won't be the entire UTXO. Just like when I showed my UTXO example, depending on how high you set your fees, you may receive change back. My goal with this video is to show you how to prep your UTXO with enough sats so that you receive enough change back to create a second mint (assuming we have a fee rate of 700 according to the example). This will save you more on fees when you split your UTXOs since there will be less inputs (aka less data) in the transaction.
- I primarily focused on UTXO splitting in this video due to it being more Runes-focused, but the opposite of that would be UTXO consolidation. Why would someone consolidate their UTXOs? The simple answer is that it would cost less in transaction fees because you'd only be using a few large UTXOs.
- Try to consolidate/split your UTXOs during low fee times.
- Privacy is another thing to consider when it comes to UTXO Management. If you'd like to learn more about how privacy is affected I recommend checking out this video (I've no idea who these people are, I just like their explanation): ua-cam.com/video/Thsfzxkmy50/v-deo.html
Ordinal Faces Discord: discord.gg/ordinalfaces
Join the Ordinals Discord Server for more help: discord.gg/ordinals
Twitter: pazNGMI
Resources 📚 :
Xverse: www.xverse.app/
Luminex UTXO Splitting Tool: luminex.io/runes/split-utxos
Magisat: magisat.io/
BitcoinCore: bitcoincore.org/en/releases/24.0.1/
Ordinal/Rune Docs: docs.ordinals.com/
Ordinals Github [DOWNLOAD THE LATEST VERSION 0.18.1 as of 4/12/2024]: github.com/ordinals/ord
Mempool [+Signet]: mempool.space/ mempool.space/signet
Shared Delusion Index: ordstuff.info/indexes/
Timestamps:
00:00 - Intro
00:29 - Answering Bitcoin Core Version Question
01:03 - Answering Ord Version Question
01:22 - Answering --index-sats Flag Question
02:00 - How To Replace index.redb Ord File
03:19 - What Are UTXOs?
05:56 - How UTXOs Play A Role In Runes
07:27 - How Much Will Fees Be?
08:46 - Runes Fee Calculation Estimate
12:00 - How To Split UTXOs [Xverse]
14:12 - How To Split UTXOs [Ord Wallet]
16:51 - Outro
Переглядів: 17 168

Відео

Do THIS To Prepare For Bitcoin Runes
Переглядів 41 тис.5 місяців тому
Ordinal Faces Discord: discord.gg/ordinalfaces Join the Ordinals Discord Server for more help: discord.gg/ordinals Twitter: pazNGMI Update: The Shared Delusion Index has an index that is solely for Runes, it has "without" within the title. This video will go through how you can set up a Bitcoin Node and Ord Wallet to prepare for Runes. This tutorial goes through a very specific way ...
These Updates Changed Ordinals Forever
Переглядів 1,9 тис.10 місяців тому
BIG THANK YOU TO lifofifo FOR THE ASSISTANCE! Socials 🌐 Twitter: pazNGMI Ordinal Faces Twitter: OrdinalFaces Ordinal Faces Discord: discord.gg/ordinalfaces Commands ⌨️ REPLACE ANYTHING WITH BRACKETS! Example: [ ] Custom Postage: ord wallet inscribe file [FILE PATH] postage [AMOUNT]sats fee-rate [#] Reinscribing: ord wallet inscribe reinscribe satpoint [SAT OUTPUT]:[#]:[#...
How To Speed Up Bitcoin Ordinal Transactions
Переглядів 15 тис.Рік тому
Socials 🌐: Twitter: pazNGMI Ordinal Faces Twitter: OrdinalFaces Ordinal Faces Discord: discord.gg/ordinalfaces FAQ❓: If I use a Taproot address for my bitcoin address, do I change the script type in Sparrow Wallet to Taproot? Yes, the script type needs to be the same as the address that holds your bitcoin. Is Sparrow the only wallet that works for this? As far as I know,...
The Only BRC-20 Guide You Will Need
Переглядів 49 тис.Рік тому
FAQ BELOW! Note: My goal with this video is to hopefully onboard new people onto Ordinals via BRC-20, while also expressing the risks that are associated with BRC-20s. Please experiment with BRC-20s at your own risk. To add to my thoughts on BRC-20, I believe it has positive benefits. For one, it brings over users who are interested in participating in the Ordinals space. I think the most benef...
How To Transfer Inscriptions From Sparrow Wallet
Переглядів 3,2 тис.Рік тому
Ordinal Faces Discord: discord.gg/ordinalfaces Join the Ordinals Discord Server for more help: discord.gg/ordinals Twitter: pazNGMI Resources: BitcoinCore bitcoincore.org/en/releases/2... Ordinals Website: ordinals.com/ Ordinals Manual docs.ordinals.com/ Rodarmor's Github github.com/casey/ord Sparrow Wallet Download sparrowwallet.com/download/
How To Fast Inscribe In Ord Wallet
Переглядів 4,8 тис.Рік тому
Twitter: pazNGMI discord.gg/ordinalfaces Note: @4:51 I meant to say, "several different addresses" not wallets 🤦‍♂️. Resources: Bitcoin Core/Ord Wallet Setup ua-cam.com/video/tdC8kmjn5N0/v-deo.html Inscription Cost Calculator instacalc.com/56229 Mempool mempool.space/ Satoshi Converter www.kraken.com/learn/satoshi-to-usd-converter Ordinals ordinals.com/ Sparrow Wallet sparrowwallet....
How to update Ord to 0.5.0 [Update Rundown]
Переглядів 1,6 тис.Рік тому
UPDATE: Instead of deleting the .redb file, I recommend keeping a backup available just in case this version ends up not working properly. Twitter: pazNGMI Resources: Ordinals Website: ordinals.com/ Ordinals Manual: docs.ordinals.com/ Rodarmor's Github: github.com/casey/ord Timestamps: 00:00 - Update rundown 1:15 - How To Update Ord
How To Setup A Bitcoin Node & Ord Wallet
Переглядів 37 тис.Рік тому
EDIT: ORD VERSION 0.16.0 REQUIRES RUNNING A SEPARATE COMMAND PROMPT WITH THE COMMAND: ord server TO USE THE ORD COMMANDS SHOWN IN THIS VIDEO. Ordinal Faces Discord: discord.gg/ordinalfaces Join the Ordinals Discord Server for more help: discord.gg/ordinals Twitter: pazNGMI Resources: BitcoinCore bitcoincore.org/en/releases/24.0.1/ Ordinals Website: ordinals.com/ Ordinals Manual: doc...

КОМЕНТАРІ

  • @ahmadyasniyahya3275
    @ahmadyasniyahya3275 23 дні тому

    cool bro..will try now

  • @SIGN-ek7rp
    @SIGN-ek7rp 2 місяці тому

    I have been waiting for 4 days and it sucks, I’m using blockchain and sending to blockchain and it’s still on pending for 4 days.

  • @smottybug
    @smottybug 2 місяці тому

    so why in the hell would anyone buy your ordi inscriptions when they can just mint them for them selves. Then also try to sell their tokens to other who will just make their own anyways

  • @danking7502
    @danking7502 4 місяці тому

    Great info.😃 Have been waiting 4 days for a transaction. Now I have it! Thanks!

  • @wowzerz5734
    @wowzerz5734 4 місяці тому

    Excellent this helped sooo much I see your hoodie I’m a fellow god. (Not a btc just a normie)

  • @Boomshankarim
    @Boomshankarim 4 місяці тому

    Paz can you pease make your logo transparent or move it, sometimes it's hiding urls. kudos to your work bro

  • @rockyrock7389
    @rockyrock7389 4 місяці тому

    Hello sir plzzz help me sir actually from past 19 hours my bitcoin transaction is in pending status in trust wallet how to make it fast sir

  • @Birdyy702
    @Birdyy702 4 місяці тому

    Make one on how to front run 😂

  • @NeuroPulse
    @NeuroPulse 4 місяці тому

    Hopefully wallet extensions build this in soon. Magic Eden just underbid on fees for me twice, second time I had it set to high. Who at magic eden can I ... pun ch (I didn't say that. but I did.)

  • @legitairdrop5416
    @legitairdrop5416 5 місяців тому

    thanks bro

  • @zdfheutenachrichten4985
    @zdfheutenachrichten4985 5 місяців тому

    The crypto market has been under pressure for months. As investors seem to have panicked, the number of crypto liquidations has been high. If you can time the market right, trading crypto can give you much higher returns than Hodling or from traditional investments. Cryptocurrency traders often have one of two goals: to accumulate Bitcoin or make a profit in USD. In a crypto bull market, it’s pretty easy for your portfolio to increase in USD value, but it’s more challenging in bear market.I buy and just trade long term more than ever, I have made over 11` btc from day trading with Malissa Janet Ruiz in few weeks this is one of the best medium to backup your assets incase it goes more bearish

    • @mrmasa8227
      @mrmasa8227 5 місяців тому

      How can i reach Melissa Janet Ruiz..? i need to diversify my funds into the crypto market.

    • @youngmoney2190
      @youngmoney2190 5 місяців тому

      I've been in touch with a financial advisor/certified broker ever since I got into the market. Knowing today's culture. The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over overboard and been making about $15,000 bi-weekly.

    • @MilesWilliam-ou2zd
      @MilesWilliam-ou2zd 5 місяців тому

      I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

    • @startitup2339
      @startitup2339 5 місяців тому

      I also have been seeing so many recommendations about this Melissa Janet Ruiz, so I guess she really good.

    • @zdfheutenachrichten4985
      @zdfheutenachrichten4985 5 місяців тому

      @ Lissajtfx

  • @breaker__
    @breaker__ 5 місяців тому

    Is it too late? Just got a 2TB drive in....

  • @XiaohuiLiu
    @XiaohuiLiu 5 місяців тому

    What are Batch Inscriptions For Transfers for? That is, why do we do batch?

  • @AyeshaMaqsood-kx4yq
    @AyeshaMaqsood-kx4yq 5 місяців тому

    E-tuk tuk offers a practical solution, could be a smart long-term play. 🛺💡

  • @T0NY1188
    @T0NY1188 5 місяців тому

    damn this video just saved me front getting front ran on a Runes mint lol thanks bro bro

  • @blockchain_billionaires
    @blockchain_billionaires 5 місяців тому

    I don't think this video has ever helped someone as much as it just helped me. I bought a Runestone 2 hours before snapshot, but I wasn't going to make it in time. Found this video on the last block before snapshot and was able to follow all of your steps just in time. You saved me thousands of $$ as Runestone price dumped right after.

  • @cmonkey0650
    @cmonkey0650 5 місяців тому

    Great video, a quick question, can you use this method to speed up a 'receiving ordinal' transaction?

  • @georgegeorge8634
    @georgegeorge8634 5 місяців тому

    Bro where can i buy a interactive frame like you ?

  • @only1buzor
    @only1buzor 5 місяців тому

    I really want to be into this, but it so hard to understand, pls can you send me a docx link so i can read?

  • @oovembern5463
    @oovembern5463 5 місяців тому

    turn wolum eup bro

  • @Cal_el-SM
    @Cal_el-SM 5 місяців тому

    So wtf did I just spend 2 weeks downloading when I opened Bitcoin-qt ???

  • @devmotlani1179
    @devmotlani1179 5 місяців тому

    how can I do it using aws on MacBook @pazngmi

  • @himanshuchoudhary5900
    @himanshuchoudhary5900 5 місяців тому

    I dumped the block indexing at 97 percent and now I am trying to start again but the it keeps getting closed. Please help

  • @iguamiro2469
    @iguamiro2469 5 місяців тому

    Hey hermano, cuando el canal en español? haha, aun me falta mucho para aprender ingles.

  • @ozkan3421
    @ozkan3421 5 місяців тому

    dude I appreciate your efforts and help with this but that damn music in the background is making it so hard to follow what you are actually telling us to do lool

  • @crypto_bug4301
    @crypto_bug4301 5 місяців тому

    i have around 500gb free space? will that be enough?

  • @es3669
    @es3669 5 місяців тому

    y core 24.0.1 and not 27?

  • @sakirulmondal1367
    @sakirulmondal1367 5 місяців тому

    Subscribed👍 I want to ask Fee - rate 10 Means how much gas we want to pay ? So 10 means 10 sat/VB ?

  • @reomensukuna8227
    @reomensukuna8227 5 місяців тому

    King 👑 Just a doubt So when I want to mint say for example a token named "Cat" on runes which is launched by someone else ? Do I type --mainnet wallet mint --fee-rate 10 -- rune CAT ? How do I write the command ?

  • @JD_Mapes
    @JD_Mapes 5 місяців тому

    Paz this was great, I wish I had seen it when you posted it but I will still be following your guide. Great job man!

  • @xdimsum
    @xdimsum 5 місяців тому

    What's the preferred fee rate when minting on mainnet?

  • @Birddawg_SIL
    @Birddawg_SIL 5 місяців тому

    So how to launch on mainnet , we won’t need to add signet to the command?

  • @nickjunes
    @nickjunes 5 місяців тому

    Crank the audio volume my guy. You're at like 50% volume of the average youtube video and my speakers are already kind of low. This vid is impossible.

  • @alexthalamattathil
    @alexthalamattathil 5 місяців тому

    nice one .. how to turn on indexing the transaction ?

  • @plumker
    @plumker 5 місяців тому

    what's the framed thing you have beside you? it looks cool and i would like to get one.

  • @ThomasForicher
    @ThomasForicher 5 місяців тому

    Thanks for the vid! Also where can i find the e-paper display you are using in the background, it looks great!

  • @thecryptouniversity
    @thecryptouniversity 5 місяців тому

    this is great content keep it up

  • @Thegrinch54
    @Thegrinch54 5 місяців тому

    Thanks for the video! How long approximately does it take for bitcoind to finish running for validating the transactions? I never created a shortcut, but had it in the new directory running. Does anyone know if i should stop the process and repeat?

  • @chiragtaneja9590
    @chiragtaneja9590 5 місяців тому

    hey mate, i can't find the cookie file after downloading the bitcoin node. Can you help??

  • @AndreCrypto
    @AndreCrypto 5 місяців тому

    Great video thanks, for next video you could add also how to transfer, and even maybe more low level tech details!

  • @mohamedjnaini
    @mohamedjnaini 5 місяців тому

    Faster bro , you are not fast enough 😅

  • @vfx-girl09
    @vfx-girl09 5 місяців тому

    Amazing tutorial! Any chance to get the same for Linux ubuntu?

  • @jcrowviral
    @jcrowviral 5 місяців тому

    doesnt work with ordinals wallet. no transaction history or balance is in the wallet. does this not work with taproot addresses?

  • @kylekopczynski634
    @kylekopczynski634 5 місяців тому

    my wallet create is not working. any help on this?

    • @kylekopczynski634
      @kylekopczynski634 5 місяців тому

      it keeps saying '--cookie-file' is not recognized as an internal or external command, operable program or batch file.

  • @MrIDoItMyself
    @MrIDoItMyself 5 місяців тому

    hey man, super good vid! For some reason when downloading sparrow my anti virus flags it with hundres of warnings? Any ideas?

  • @mdawg998
    @mdawg998 5 місяців тому

    Paz, I need your help from your other video where you set up your nodes in the SSD. All of the blocks went into my main hard drive instead of my SSD. It completely filled my main hard drive, and the file became too large to transfer to SSD. I had to delete it. Every time I retry, it still goes to main hard drive. Idk how to fix.

  • @ChrisCunninghamTV
    @ChrisCunninghamTV 5 місяців тому

    Thank you very much for this. Connected a lot of dots here for me and its a lot clearer now. Appreciate you!!!

  • @omarhamdan5174
    @omarhamdan5174 5 місяців тому

    Hey , I am indexing BitcoinD shortcut file , I found "setting Node_network on non-prune mode" , however I dont see txindex is enabled ... how do I turn it on now that I am already indexing?

  • @Fallbacksimmer
    @Fallbacksimmer 5 місяців тому

    Does this work with Mac?

  • @mario-xh5bg
    @mario-xh5bg 5 місяців тому

    What happens if I download the version of bitcoin core (Latest version: 26.1) will it work the same?