1

I read here about the fees difference when paying to many addresses at once instead of doing it one after another. I was wondering whether this applies to the transaction time as well. Is it significantly faster if paying to N addresses at one? If so, could you please give an example, say N = 20.

1 Answer 1

2

For all transactions, "transaction time" is effectively 0. A transaction is created nearly instantaneously and broadcast to the network with no noticeable delay to a human.

What you are confirmed about are confirmation times. The time it takes to get a confirmation is only related to the transaction fee rate paid and the time it takes to mine a block. The size of the transaction is irrelevant.

5
  • Does this mean that given the same fee rate, a transaction to pay one address and another transaction to pay 20 addresses will take same amount of time to be confirmed and appear on blockchain? Commented Apr 30, 2018 at 7:47
  • 1
    @DarkTemplar By the same fee rate, a transaction with greater weight will pay a higher total fee per individual transaction (but, 1 vs many) and may enjoy a benefit when it comes to a miner selecting transactions to include in a proposed block. Many small transactions paying in total a greater fee may not seem as attractive. This, of course, is speculation.
    – Willtech
    Commented Apr 30, 2018 at 9:14
  • I think that you mean "What you are concerned about..."
    – Willtech
    Commented Apr 30, 2018 at 9:14
  • That makes sense, thank you for clarification. In addition to that, can you give me a "rough" estimate on how longer will it take to transfer 1 to N versus 1 to 1 address. Commented Apr 30, 2018 at 9:24
  • There is no such a "roguth estimate" because there is no difference. Even if there were, it would not be noticeable due to the large amount of time in between blocks.
    – Ava Chow
    Commented Apr 30, 2018 at 15:06

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.