You could possibly simulate a pockets that didn’t carry out the consolidations however stored the unique UTXOs and see what you’d have spent on charges sending and receiving the identical funds on the similar feerates that your precise pockets carried out. Since there is a component of randomness to some pockets’s coin choice strategies, you could need to repeat this random stroll a number of occasions.
I feel it will be troublesome to extra precisely measure the “what-if” in any other case, for the reason that consolidation transactions inherently change the end result of the following pockets historical past.
Nonetheless, that is beneath the idea that your coin choice technique will solely spend low worth UTXO at a excessive payment price (which is not optimum to start with).
Extra exactly the good thing about consolidating is predicated on the expectation that you’ll want to spend a number of as a substitute of a single UTXO at a excessive feerate, and consolidating them will give you enough funds in a single UTXO so you possibly can spend the various UTXOs at low feerates and a single UTXO at excessive feerates which general prices lower than the a number of UTXOs at excessive feerates.
In case you really find yourself with the ability to create transactions at a low feerate over an extended time period, it can save you charges by simply spending the UTXOs instantly and leveraging the number of quantities to create changeless transactions.
One drawback that some customers trying into consolidation overlook is that extreme consolidation can really improve your price. When I’ve beforehand carried out consolidation methods for enterprise wallets, I beneficial that they solely consolidate UTXOs once they had collected greater than e.g. 200 that have been older than 2 weeks that have been under their traditional spending quantities. I wrote about a few of our experiences on this weblog submit.