electrum-bitcoinprivate/scripts/watch_address

#!/usr/bin/env python

import sys, time, electrum

try:
    addr = sys.argv[1]
except Exception:
    print "usage: watch_address <bitcoin_address>"
    sys.exit(1)


# 1. start the interface and wait for connection
interface = electrum.Interface('electrum.no-ip.org:50002:s')
interface.start(wait = True)
if not interface.is_connected:
    print "not connected"
    exit()

# 2. send the subscription
callback = lambda _,result: electrum.print_json(result.get('result'))
interface.send([('blockchain.address.subscribe',[addr])], callback)

# 3. wait for results
while True:
    time.sleep(1)