Title: bitcoind sendmany vs. sendtoaddress Post by: gigamike on May 14, 2014, 07:12:04 AM Guys,
Any advantage if i gonna use sendmany over sendtoaddress? Im planning to send payouts to many btc address so im thinking of looping to sendtoaddress OR single command of sendmany. TIA Mike Title: Re: bitcoind sendmany vs. sendtoaddress Post by: DeathAndTaxes on May 14, 2014, 07:13:55 AM Sendmany creates a single transaction with multiple outputs.
Sendtoaddress would be one transaction per address. Outputs are relatively small, inputs are much larger so using sendmany reduces the average tx size on a per output basis. Title: Re: bitcoind sendmany vs. sendtoaddress Post by: gigamike on May 14, 2014, 07:26:56 AM Sendmany creates a single transaction with multiple outputs. Sendtoaddress would be one transaction per address. Outputs are relatively small, inputs are much larger so using sendmany reduces the average tx size on a per output basis. thanks for the info. It doesn't mean as well that there will be much lesser Transaction fee? TIA Mike Title: Re: bitcoind sendmany vs. sendtoaddress Post by: Kluge on May 14, 2014, 07:37:57 AM Sendmany creates a single transaction with multiple outputs. Sendtoaddress would be one transaction per address. Outputs are relatively small, inputs are much larger so using sendmany reduces the average tx size on a per output basis. thanks for the info. It doesn't mean as well that there will be much lesser Transaction fee? TIA Mike Title: Re: bitcoind sendmany vs. sendtoaddress Post by: gigamike on May 14, 2014, 07:58:44 AM Sendmany creates a single transaction with multiple outputs. Sendtoaddress would be one transaction per address. Outputs are relatively small, inputs are much larger so using sendmany reduces the average tx size on a per output basis. thanks for the info. It doesn't mean as well that there will be much lesser Transaction fee? TIA Mike thanks for info :) |