HOW CAN WE SEND MASS PAYMENT OF BTC AT THE SAME TIME?

sotoshihero

hero member

Activity: 850

Merit: 504

Quote from: NeuroticFish on March 31, 2017, 08:45:09 AM

Wallets like Electrum allows you to make "pay to many" transaction. In my version it's in Tools->Pay to many.
Also in Electrum you can adjust the fee, so you can check how busy the network is and what's the recommended fee, then decide the fee.

Please next time use normal font.

Yes, OP try to use the electrum wallet. But regarding in fees, its up to you to decide.Its a good feature especially for mass payments that in one click you can pay all clients.

HCP

legendary

Activity: 2086

Merit: 4361

Step 1. Switch off caps-lock...
Step 2. Remove the [bold] and [color] tags from your message Roll Eyes

Step 3. Get a better "faucet script" or learn how to modify the one you have to use whatever API you want/need (or pay someone to do it)
Step 4. ? ??
Step 5. Profit (or, most likely, lose all your bitcoins to faucet bots)

midomud

newbie

Activity: 2

Merit: 0

use the python-bitcoinlib

xtyling

sr. member

Activity: 588

Merit: 250

Crypto is Life!

I have always wanted to know how to be able to do those type of transaction. Yeah imagine someone having to send btc to 10 different addresses. That would be 10 different transac fees and risk of transacs not confirming in time. So easy to do in 1 go! Thanks for the info!

Zbitco.in

member

Activity: 114

Merit: 10

Quote from: ranochigo on March 31, 2017, 08:59:49 AM

Transactions have inputs and outputs. The transaction itself will have at least one input and output. Most services uses just one input to save the space and send to multiple outputs at a time. Both inputs and output will occupy some space and the lesser inputs/outputs used, the lesser the size it will be. If you send to 10 people in a transaction, it will be 1 input and 10 outputs. If you want to send individually, it will be 1 input, 2 (one of them is change) output for 10 times.

You can easily craft this using raw transaction. What client/api are you using.

. i wanted to use BloclkChian or CoinBase API
But the BTC faucet script is only compatible to CoinPayment API

ranochigo

legendary

Activity: 3038

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Crypto Swap Exchange

Transactions have inputs and outputs. The transaction itself will have at least one input and output. Most services uses just one input to save the space and send to multiple outputs at a time. Both inputs and output will occupy some space and the lesser inputs/outputs used, the lesser the size it will be. If you send to 10 people in a transaction, it will be 1 input and 10 outputs. If you want to send individually, it will be 1 input, 2 (one of them is change) output for 10 times.

You can easily craft this using raw transaction. What client/api are you using.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

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Wallets like Electrum allows you to make "pay to many" transaction. In my version it's in Tools->Pay to many.
Also in Electrum you can adjust the fee, so you can check how busy the network is and what's the recommended fee, then decide the fee.

Please next time use normal font.

Zbitco.in

member

Activity: 114

Merit: 10

HOW CAN WE SEND MASS PAYMENT OF BTC AT THE SAME TIME?
.
Someone told me that if we send many btc payments to multiple addresses at the same time, It will cost us less fess per transaction.
.
As i saw in the moonbitcoin latest payment Hash info.
They paid to 8400 users and it only cost 0.086btc ( less than 1400 satoshi per transaction)
.
If you know how can we do mass pay, please feel free to explain me.
Thank you for your time.

Topic: HOW CAN WE SEND MASS PAYMENT OF BTC AT THE SAME TIME? (Read 900 times)