Is there a way to know on that same server when the transaction has been processed and added to the Blockchain? Thanks!

Oh I see now, as a final note then to summarize:

Let's say my wallet contains 5 Bitcoins, and I want to send 1 to 5 different wallets.
Rather than make 5 different transactions of 1 Bitcoin per wallet, it would be more cost efficient if I created one transaction with the 5 Bitcoins that had 5 outputs of 1 Bitcoin each.

That would be smaller and therefore cheaper to pay processing fees as well as it is only one transaction for a miner to process rather than have 5 different transactions?

Thank you all for your help, this community has been great for helping me learn!

What data are you referring to? Thanks

Hi there,

Let's say I have 6 transactions that I want to be processed. Do I attach a small bitcoin fee per each transaction or is it a flat rate to include a transaction in a block? Also, as a tangent, if a transaction has multiple inputs and outputs, is the fee on each input or the transaction as a whole? Thank you so much for all your help guys!

Oh ok so if the transactions are dependent on each other, then confirmation would naturally take longer. Putting a higher transaction fee would incentivize the miners to process this transaction in the next block? Just curious then, where are Bitcoins generated then if mining requires a transaction fee? Or does it also generate as well? Thanks for your responses guys!

If I created a program that would make 30 transactions from a single wallet, is it reliable for all those transactions to resolve onto the Blockchain eventually or should I try to reduce the number of transactions as much as possible? Thank you!

Do you need to be running that code on a server that also acts as a Bitcoin Core Node in order to broadcast the transaction? Or am I misthinking how this works? Thanks!

Ok so as an example, if the chain of blocks that my node receives eventually reaches a later node that received a different small chain of blocks, it would choose the longer one to relay down?

Does the server you deploy the full Bitcoin client on listen for all world transactions that would be made?

Thanks for all the responses guys! I was just curious because if I wanted to make a transaction, could it possible to select that specific transaction when creating your block. I think it is mostly answered now. Mods can lock this if necessary!

Hi there!
This service looks really nice; could you explain how the Letter of Guarantee works as an actual guarantee? Thanks!

When you set up Bitcoin mining, is it possible to mine only a specific transaction or is it random? Thanks!

I noticed LocalBitcoins.com is quite popular. Are there any others / what makes each marketplace better or worse than another? Thanks!