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Title: Recurring sending Post by: Toresh on May 05, 2017, 08:17:59 AM Hi,
Is there a way to automatically send a fixed amount to an address at a certain interval? e.g. I send 0.001 BTC to address 12345 everyday at 8:00am? I am using Coinbase for this but they are no longer paying the mining fee and I can't choose it. I don't need a fast confirmation, so I would select the minimum. Thanks, Title: Re: Recurring sending Post by: alani123 on May 05, 2017, 08:21:37 AM I don't think that there's any service able to do this and also pay for mining fees on top. You could set up a wallet locally and have it programmed to send BTC to an address that converts funds to FIAT as they arrive as a service (using a service like for example Uphold or Mistertango). But mining fees are on you one way or the other.
Title: Re: Recurring sending Post by: mocacinno on May 05, 2017, 08:27:02 AM I don't think that there's any service able to do this and also pay for mining fees on top. You could set up a wallet locally and have it programmed to send BTC to an address that converts funds to FIAT as they arrive as a service (using a service like for example Uphold or Mistertango). But mining fees are on you one way or the other. I think this is the correct answer... Technically, i would solve it by running bitcoind, then create a cronjob: 1 8 * * * bitcoin-cli sendtoaddress "1Myaddressdmfkljsmdfkjsd" 0.001 I would create a bitcoin.conf file in ~/.bitcoin and add following lines: Code: rpcuser=delme Transaction fees are a given, the only way around them is by using a service that pays the fee in your place (like coinbase used to do), but by adding txconfirmtarget to your bitcoin.conf, you basically tell your wallet: i'm willing to way 144 blocks for a 95% chance of getting a confirmation. You can change the number of blocks, but remember: most nodes drop unconfirmed transactions from their mempool after 3 days, plus your wallet has no way to look in the future. If the mempool size explodes and a fee bidding war starts, setting to big of a number might result in all your transactions getting dropped from the node's mempool after a couple of days. Do note it might be a good idear to lock your wallet, in this case you have to run a second script to unlock it before issuing a "sendtoaddress"... Title: Re: Recurring sending Post by: Toresh on May 05, 2017, 08:36:27 AM Thanks. I think I will use the bitcoin-cli method.
I don't mind paying the transaction fee, it's just that it's too high on Coinbase so I would use the minimum e.g. I send USD 5.00 from my BTC wallet (converted to BTC by Coinbase), I would pay about USD 0.74 as fee and I would like to reduce it to the minimum, not 0. Title: Re: Recurring sending Post by: alani123 on May 05, 2017, 08:58:35 AM Thanks. I think I will use the bitcoin-cli method. Oh, I thought you were also looking to sell by sending. If you just want to have recurring BTC transactions the bitcoin-cli could be used to send to any of your bitcoin addresses, not necessarily to an address of the services I mentione above. I don't mind paying the transaction fee, it's just that it's too high on Coinbase so I would use the minimum e.g. I send USD 5.00 from my BTC wallet (converted to BTC by Coinbase), I would pay about USD 0.74 as fee and I would like to reduce it to the minimum, not 0. |