Bitcoin Forum

Bitcoin => Electrum => Topic started by: unklem on July 22, 2019, 09:53:29 AM



Title: Multiple payments to one address
Post by: unklem on July 22, 2019, 09:53:29 AM
Hello,

I have a question.

Is it possible to send multiple payments to one address but so that they don't stick together on one?

For example:

%btcaddress1%, 1
%btcaddress1%, 2



In the end, a payment of mBTC 3 will come to %btcaddress1%. But I want it will come in separate payments, and I want to pay a commission once.  :-\


Title: Re: Multiple payments to one address
Post by: Rath_ on July 22, 2019, 09:58:58 AM
It is possible. Open Electrum, go to View, select Show Addresses and Show Coins. You will see two new tabs from which you will be able to spend specific coins or access any address separately. You can select them by right-clicking and selecting Spend.

In the end, a payment of mBTC 3 will come to %btcaddress1%. But I want it will come in separate payments, and I want to pay a commission once.  :-\

You can't pay one fee for multiple transactions. You will be charged for each one separately.


Title: Re: Multiple payments to one address
Post by: unklem on July 22, 2019, 10:36:22 AM
You can't pay one fee for multiple transactions. You will be charged for each one separately.

This is very sad, but thanks for the reply.

I know one service that does not freeze the course, but rounds to the whole dollar according to the rule of addition (> 0.5-> 1, <0.5-> 0).
I wanted to send a few payments of $ 0.5 but if sent separately the commission will make it unprofitable.


Title: Re: Multiple payments to one address
Post by: bitmover on July 22, 2019, 05:02:43 PM
In the end, a payment of mBTC 3 will come to %btcaddress1%. But I want it will come in separate payments, and I want to pay a commission once.  :-\

In Bitcoin, you pay for each input you add in a transaction.

You can see how much  you will pay here, to see if it is worth:
https://www.buybitcoinworldwide.com/fee-calculator/

Before you ask what is an input.
Every time you receive bitcoin, it creates a new input. If you have one input in each address, you have 2 inputs.

Outputs are the number of destination addresses (usually one for "change" back to you and one for destination)

Your transaction will probably have 2 inputs and 2 output

I wanted to send a few payments of $ 0.5 but if sent separately the commission will make it unprofitable.
There is no commission in bitcoin network. Which wallet are you using? Just download Electrum (from electrum.org) and transfer all your funds there. You will make cheaper transactions and it will be profitable doing what you want if you use 1-3 sat/byte.


Title: Re: Multiple payments to one address
Post by: Rath_ on July 22, 2019, 05:10:12 PM
I know one service that does not freeze the course, but rounds to the whole dollar according to the rule of addition (> 0.5-> 1, <0.5-> 0).
I wanted to send a few payments of $ 0.5 but if sent separately the commission will make it unprofitable.

It should still be profitable if you set the transaction fee to 1 sat/byte. Assuming that all outputs (2) and the input (1) would be legacy addresses then you would pay 0.00000226 BTC fee. Still, it would take you a lot of time to make multiple transactions and I don't encourage you to abuse that service in such a way.

Whoops, it looks like bitmover explained it a bit while I was writing my post.


Title: Re: Multiple payments to one address
Post by: Thirdspace on July 22, 2019, 11:55:17 PM
Is it possible to send multiple payments to one address but so that they don't stick together on one?
~
But I want it will come in separate payments, and I want to pay a commission once.  :-\
if you make multiple outputs to the same address in one transaction,
they will become multiple utxo that you can use individually at later time
you will pay for one transaction but each additional output will cost you ~34 * tx fee/byte
it will cost you a lot more if you make it into multiple (separate) transactions


Title: Re: Multiple payments to one address
Post by: Abdussamad on July 23, 2019, 02:50:36 PM
You can't pay one fee for multiple transactions. You will be charged for each one separately.

This is very sad, but thanks for the reply.

I know one service that does not freeze the course, but rounds to the whole dollar according to the rule of addition (> 0.5-> 1, <0.5-> 0).
I wanted to send a few payments of $ 0.5 but if sent separately the commission will make it unprofitable.

It is entirely possible to do what you want. You can have many outputs in a transaction and those outputs can be to the same address or different addresses. However sending multiple outputs to the same address will cost you more in transaction fees than if you sent just one output so the question is why do you want to do that? Essentially transaction fees, what you call commission, is payment for space on the blockchain. More outputs = larger transaction in bytes = higher transaction fees.


Title: Re: Multiple payments to one address
Post by: nc50lc on July 24, 2019, 02:48:57 AM
Regardless of the consequences stated above, you can do it using "Tools->pay to many"

Click the image to view full size.
https://i.imgur.com/tZvMrU4.jpg (https://i.imgur.com/tZvMrU4.jpg)

Just follow the image's format [Address, amount] and it will be sent to the same address as different outputs.

In the end, a payment of mBTC 3 will come to %btcaddress1%. But I want it will come in separate payments, and I want to pay a commission once.  :-\
As you can see, the total transaction size is 395bytes (2inputs/6outputs) at 1sat/b with a total of 0.00000395BTC transaction fee (outputs doesn't add as much bytes as the inputs does).