diff --git a/db/rocksdb.go b/db/rocksdb.go
index db46b83c..dd34c6fa 100644
--- a/db/rocksdb.go
+++ b/db/rocksdb.go
@@ -42,20 +42,17 @@ type connectBlockStats struct {
 
 // RocksDB handle
 type RocksDB struct {
-	path                    string
-	db                      *gorocksdb.DB
-	wo                      *gorocksdb.WriteOptions
-	ro                      *gorocksdb.ReadOptions
-	cfh                     []*gorocksdb.ColumnFamilyHandle
-	chainParser             bchain.BlockChainParser
-	is                      *common.InternalState
-	metrics                 *common.Metrics
-	cache                   *gorocksdb.Cache
-	maxOpenFiles            int
-	cbs                     connectBlockStats
-	chanUpdateBalance       chan updateBalanceData
-	chanUpdateBalanceResult chan error
-	updateBalancesMap       map[string]*AddrBalance
+	path         string
+	db           *gorocksdb.DB
+	wo           *gorocksdb.WriteOptions
+	ro           *gorocksdb.ReadOptions
+	cfh          []*gorocksdb.ColumnFamilyHandle
+	chainParser  bchain.BlockChainParser
+	is           *common.InternalState
+	metrics      *common.Metrics
+	cache        *gorocksdb.Cache
+	maxOpenFiles int
+	cbs          connectBlockStats
 }
 
 const (
@@ -93,20 +90,7 @@ func NewRocksDB(path string, cacheSize, maxOpenFiles int, parser bchain.BlockCha
 	db, cfh, err := openDB(path, c, maxOpenFiles)
 	wo := gorocksdb.NewDefaultWriteOptions()
 	ro := gorocksdb.NewDefaultReadOptions()
-	rdb := &RocksDB{
-		path:         path,
-		db:           db,
-		wo:           wo,
-		ro:           ro,
-		cfh:          cfh,
-		chainParser:  parser,
-		metrics:      metrics,
-		cache:        c,
-		maxOpenFiles: maxOpenFiles,
-		cbs:          connectBlockStats{},
-	}
-	rdb.initUpdateBalancesWorker()
-	return rdb, nil
+	return &RocksDB{path, db, wo, ro, cfh, parser, nil, metrics, c, maxOpenFiles, connectBlockStats{}}, nil
 }
 
 func (d *RocksDB) closeDB() error {
@@ -290,8 +274,6 @@ func (d *RocksDB) writeBlock(block *bchain.Block, op int) error {
 		txAddressesMap := make(map[string]*TxAddresses)
 		balances := make(map[string]*AddrBalance)
 		if err := d.processAddressesUTXO(block, addresses, txAddressesMap, balances); err != nil {
-			// reinitialize balanceWorker so that there are no left balances in the queue
-			d.initUpdateBalancesWorker()
 			return err
 		}
 		if err := d.storeAddresses(wb, block.Height, addresses); err != nil {
@@ -380,80 +362,7 @@ func (d *RocksDB) GetAndResetConnectBlockStats() string {
 	return s
 }
 
-type updateBalanceData struct {
-	valueSat          big.Int
-	strAddrDesc       string
-	addrDesc          bchain.AddressDescriptor
-	processed, output bool
-}
-
-func (d *RocksDB) initUpdateBalancesWorker() {
-	if d.chanUpdateBalance != nil {
-		close(d.chanUpdateBalance)
-	}
-	d.chanUpdateBalance = make(chan updateBalanceData, 16)
-	d.chanUpdateBalanceResult = make(chan error, 16)
-	go d.updateBalancesWorker()
-}
-
-// updateBalancesWorker is a single worker used to update balances in parallel to processAddressesUTXO
-func (d *RocksDB) updateBalancesWorker() {
-	var err error
-	for bd := range d.chanUpdateBalance {
-		ab, e := d.updateBalancesMap[bd.strAddrDesc]
-		if !e {
-			ab, err = d.GetAddrDescBalance(bd.addrDesc)
-			if err != nil {
-				d.chanUpdateBalanceResult <- err
-				continue
-			}
-			if ab == nil {
-				ab = &AddrBalance{}
-			}
-			d.updateBalancesMap[bd.strAddrDesc] = ab
-			d.cbs.balancesMiss++
-		} else {
-			d.cbs.balancesHit++
-		}
-		// add number of trx in balance only once, address can be multiple times in tx
-		if !bd.processed {
-			ab.Txs++
-		}
-		if bd.output {
-			ab.BalanceSat.Add(&ab.BalanceSat, &bd.valueSat)
-		} else {
-			ab.BalanceSat.Sub(&ab.BalanceSat, &bd.valueSat)
-			if ab.BalanceSat.Sign() < 0 {
-				d.resetValueSatToZero(&ab.BalanceSat, bd.addrDesc, "balance")
-			}
-			ab.SentSat.Add(&ab.SentSat, &bd.valueSat)
-		}
-		d.chanUpdateBalanceResult <- nil
-	}
-}
-
-func (d *RocksDB) dispatchUpdateBalance(dispatchedBalances int, valueSat *big.Int, strAddrDesc string, addrDesc bchain.AddressDescriptor, processed, output bool) (int, error) {
-loop:
-	for {
-		select {
-		// process as many results as possible
-		case err := <-d.chanUpdateBalanceResult:
-			if err != nil {
-				return 0, err
-			}
-			dispatchedBalances--
-		// send input to be processed
-		case d.chanUpdateBalance <- updateBalanceData{*valueSat, strAddrDesc, addrDesc, processed, output}:
-			dispatchedBalances++
-			break loop
-		}
-	}
-	return dispatchedBalances, nil
-}
-
 func (d *RocksDB) processAddressesUTXO(block *bchain.Block, addresses map[string][]outpoint, txAddressesMap map[string]*TxAddresses, balances map[string]*AddrBalance) error {
-	d.updateBalancesMap = balances
-	dispatchedBalances := 0
 	blockTxIDs := make([][]byte, len(block.Txs))
 	blockTxAddresses := make([]*TxAddresses, len(block.Txs))
 	// first process all outputs so that inputs can point to txs in this block
@@ -495,10 +404,25 @@ func (d *RocksDB) processAddressesUTXO(block *bchain.Block, addresses map[string
 				btxID: btxID,
 				index: int32(i),
 			})
-			dispatchedBalances, err = d.dispatchUpdateBalance(dispatchedBalances, &output.ValueSat, strAddrDesc, addrDesc, processed, true)
-			if err != nil {
-				return err
+			ab, e := balances[strAddrDesc]
+			if !e {
+				ab, err = d.GetAddrDescBalance(addrDesc)
+				if err != nil {
+					return err
+				}
+				if ab == nil {
+					ab = &AddrBalance{}
+				}
+				balances[strAddrDesc] = ab
+				d.cbs.balancesMiss++
+			} else {
+				d.cbs.balancesHit++
 			}
+			// add number of trx in balance only once, address can be multiple times in tx
+			if !processed {
+				ab.Txs++
+			}
+			ab.BalanceSat.Add(&ab.BalanceSat, &output.ValueSat)
 		}
 	}
 	// process inputs
@@ -564,16 +488,29 @@ func (d *RocksDB) processAddressesUTXO(block *bchain.Block, addresses map[string
 				btxID: spendingTxid,
 				index: ^int32(i),
 			})
-			dispatchedBalances, err = d.dispatchUpdateBalance(dispatchedBalances, &ot.ValueSat, strAddrDesc, ot.AddrDesc, processed, false)
-			if err != nil {
-				return err
+			ab, e := balances[strAddrDesc]
+			if !e {
+				ab, err = d.GetAddrDescBalance(ot.AddrDesc)
+				if err != nil {
+					return err
+				}
+				if ab == nil {
+					ab = &AddrBalance{}
+				}
+				balances[strAddrDesc] = ab
+				d.cbs.balancesMiss++
+			} else {
+				d.cbs.balancesHit++
 			}
-		}
-	}
-	for i := 0; i < dispatchedBalances; i++ {
-		err := <-d.chanUpdateBalanceResult
-		if err != nil {
-			return err
+			// add number of trx in balance only once, address can be multiple times in tx
+			if !processed {
+				ab.Txs++
+			}
+			ab.BalanceSat.Sub(&ab.BalanceSat, &ot.ValueSat)
+			if ab.BalanceSat.Sign() < 0 {
+				d.resetValueSatToZero(&ab.BalanceSat, ot.AddrDesc, "balance")
+			}
+			ab.SentSat.Add(&ab.SentSat, &ot.ValueSat)
 		}
 	}
 	return nil