Auto-sweeping new funds that show up at an address?

[SgtSpike]

I know MtGox sweeps bitcoin addresses when you import private keys, but does it also sweep any new funds that arrive from the address after the fact?  Sure, those funds "arrive" to your account, but does it attempt to secure them by sending them to a new address immediately?

If not, does such a service exist?

[DannyHamilton]

I know MtGox sweeps bitcoin addresses when you import private keys, but does it also sweep any new funds that arrive from the address after the fact?

Yes.

Sure, those funds "arrive" to your account, but does it attempt to secure them by sending them to a new address immediately?

I'm not certain what the delay is between arrival at the address and sweeping.  Probably less than an hour.  Probably more than a microsecond.  Perhaps someone with a better estimate will come along?

[SgtSpike]

I know MtGox sweeps bitcoin addresses when you import private keys, but does it also sweep any new funds that arrive from the address after the fact?

Yes.

Sure, those funds "arrive" to your account, but does it attempt to secure them by sending them to a new address immediately?

I'm not certain what the delay is between arrival at the address and sweeping.  Probably less than an hour.  Probably more than a microsecond.  Perhaps someone with a better estimate will come along?

Thanks.  If no one chimes in, I'll do some of my own testing to determine how quickly it is done.

[DannyHamilton]

I know MtGox sweeps bitcoin addresses when you import private keys, but does it also sweep any new funds that arrive from the address after the fact?

Yes.

Sure, those funds "arrive" to your account, but does it attempt to secure them by sending them to a new address immediately?

I'm not certain what the delay is between arrival at the address and sweeping.  Probably less than an hour.  Probably more than a microsecond.  Perhaps someone with a better estimate will come along?

Thanks.  If no one chimes in, I'll do some of my own testing to determine how quickly it is done.

The one time I tried it I found that large amounts were swept pretty fast, but it seems like small amounts (less than 0.00001 BTC) were taking a really long time.  That may have changed since a year ago when I was playing around with it, so definitely do you own testing.

[SgtSpike]

I know MtGox sweeps bitcoin addresses when you import private keys, but does it also sweep any new funds that arrive from the address after the fact?

Yes.

Sure, those funds "arrive" to your account, but does it attempt to secure them by sending them to a new address immediately?

I'm not certain what the delay is between arrival at the address and sweeping.  Probably less than an hour.  Probably more than a microsecond.  Perhaps someone with a better estimate will come along?

Thanks.  If no one chimes in, I'll do some of my own testing to determine how quickly it is done.

The one time I tried it I found that large amounts were swept pretty fast, but it seems like small amounts (less than 0.00001 BTC) were taking a really long time.  That may have changed since a year ago when I was playing around with it, so definitely do you own testing.

Thanks for the details! 

[deepceleron]

Mtgox doesn't pay fees for the sweeps or wait until there is an adequate balance, they send transactions out that have little hope of block inclusion if you send the address a stream of satoshis.

[SgtSpike]

Mtgox doesn't pay fees for the sweeps or wait until there is an adequate balance, they send transactions out that have little hope of block inclusion if you send the address a stream of satoshis.

Thanks.

Is there any service or application or method to auto-sweep funds with top priority as soon as they arrive?  If not, how difficult would it be to build such an application?

Maybe I'll ask etotheipi if he wants to include it in Armory. 

[MagicalTux]

Mtgox doesn't pay fees for the sweeps or wait until there is an adequate balance, they send transactions out that have little hope of block inclusion if you send the address a stream of satoshis.

Thanks.

Is there any service or application or method to auto-sweep funds with top priority as soon as they arrive?  If not, how difficult would it be to build such an application?

Maybe I'll ask etotheipi if he wants to include it in Armory. 

We could add the ability to have a fee added, but it means that you could end spending bitcoins without warning, which is a bad idea.

For information, sweep happens as soon as we see a non confirmed transaction for your bitcoin address.

[SgtSpike]

Mtgox doesn't pay fees for the sweeps or wait until there is an adequate balance, they send transactions out that have little hope of block inclusion if you send the address a stream of satoshis.

Thanks.

Is there any service or application or method to auto-sweep funds with top priority as soon as they arrive?  If not, how difficult would it be to build such an application?

Maybe I'll ask etotheipi if he wants to include it in Armory.  

We could add the ability to have a fee added, but it means that you could end spending bitcoins without warning, which is a bad idea.

For information, sweep happens as soon as we see a non confirmed transaction for your bitcoin address.

I think it would be a good addition.  If an address has been compromised, it might be well worth it to a person to automatically add a small fee to process any incoming transactions and have that much more of an edge against whoever else also has the private key.  I think to avoid spending extra Bitcoins, simply disable the fee if the incoming transaction is smaller than the fee is set to.

Thanks for the extra information.

[MagicalTux]

I think it would be a good addition.  If an address has been compromised, it might be well worth it to a person to automatically add a small fee to process any incoming transactions and have that much more of an edge against whoever else also has the private key.  I think to avoid spending extra Bitcoins, simply disable the fee if the incoming transaction is smaller than the fee is set to.

Thanks for the extra information.

I believe if we add a 0.0005 BTC fee for any transfer below 0.01 BTC but > 0.0005 BTC, it should speed up things a lot.

We'll add a setting to enable this soon. Problem is this will be enabled account-wide, and not per address (because there is no way to modify an address afterward).

For transfers <= 0.0005 BTC, I guess the only solution is to wait for multiple ones to appear until sum > 0.0005

[SgtSpike]

I think it would be a good addition.  If an address has been compromised, it might be well worth it to a person to automatically add a small fee to process any incoming transactions and have that much more of an edge against whoever else also has the private key.  I think to avoid spending extra Bitcoins, simply disable the fee if the incoming transaction is smaller than the fee is set to.

Thanks for the extra information.

I believe if we add a 0.0005 BTC fee for any transfer below 0.01 BTC but > 0.0005 BTC, it should speed up things a lot.

We'll add a setting to enable this soon. Problem is this will be enabled account-wide, and not per address (because there is no way to modify an address afterward).

For transfers <= 0.0005 BTC, I guess the only solution is to wait for multiple ones to appear until sum > 0.0005

Cool!  It's not perfect, but certainly a better solution than what we have now.

To be clear, this fee would apply to both MtGox-generated addresses and user-imported addresses?

[MagicalTux]

Cool!  It's not perfect, but certainly a better solution than what we have now.

To be clear, this fee would apply to both MtGox-generated addresses and user-imported addresses?

Nope, only to user-imported addresses. For MtGox-generated addresses, we assume the private key is secure.

[SgtSpike]

Cool!  It's not perfect, but certainly a better solution than what we have now.

To be clear, this fee would apply to both MtGox-generated addresses and user-imported addresses?

Nope, only to user-imported addresses. For MtGox-generated addresses, we assume the private key is secure.

Thanks for the clarification.  I would definitely like to see an optional fee feature implemented...!

[AgoristRadio]

>Is there any service or application or method to auto-sweep funds with top priority as soon as they arrive?
>If not, how difficult would it be to build such an application?

If you would like this, suggest a bounty and maybe I will implement it, and give you the source code or even run this as a service if it is needed.