104BTC of TXN fees - thanks - but why?

TheButterZone

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RIP Mommy

Quote from: Stephen Gornick on October 06, 2012, 04:14:38 PM

Quote from: gusti on October 05, 2012, 04:11:47 PM

Quote from: Stephen Gornick on October 05, 2012, 03:58:14 PM

With BrainWallet, you need to spend every bit of coin used as inputs, otherwise whatever you don't spend goes as fees.

Is this only applicable to offline transactions,

Ya, sorry ... when manually building a transaction through BrainWallet's Transactions page, it doesn't stop you or notify you that you are not spending the full amount from the inputs. Which, causes the unspent amount to go to the miner.

Is that why my BW transaction here http://blockchain.info/tx/54268b0051821f4b25e3e863214ddd1490b22dc154f6fbe6ed7eca334501dba8

Threw away 1 satoshi as a fee?

makomk

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Quote from: dooglus on January 11, 2013, 05:16:21 PM

I don't understand. Why is this a facepalm?

CIYAM managed to accidentally pay about 110 BTC in transaction fees a day or two ago.

dooglus

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Quote from: CIYAM on January 10, 2013, 04:23:34 AM

Hmm... let's just quote myself here for posterity - I think this will probably qualify as 2013's first "epic facepalm" on Bitcointalk.

I don't understand. Why is this a facepalm?

Jouke

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Quote from: CIYAM on January 10, 2013, 04:23:34 AM

Quote from: CIYAM on October 08, 2012, 12:44:13 AM

Yup - a quite painful lesson to whoever paid those fees - I would like to suggest that perhaps we add a "max fee amount" as an optional addition to the sendrawtransaction RPC with a fairly low default value:

Code:

sendrawtransaction  [maxfee=0.01]

Hmm... let's just quote myself here for posterity - I think this will probably qualify as 2013's first "epic facepalm" on Bitcointalk.

Nice!

CIYAM

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Ian Knowles - CIYAM Lead Developer

Quote from: CIYAM on October 08, 2012, 12:44:13 AM

Yup - a quite painful lesson to whoever paid those fees - I would like to suggest that perhaps we add a "max fee amount" as an optional addition to the sendrawtransaction RPC with a fairly low default value:

Code:

sendrawtransaction  [maxfee=0.01]

Hmm... let's just quote myself here for posterity - I think this will probably qualify as 2013's first "epic facepalm" on Bitcointalk.

CIYAM

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Ian Knowles - CIYAM Lead Developer

Quote from: Stephen Gornick on October 06, 2012, 04:14:38 PM

But with the Bitcoin.org client supporting raw transactions now, anyone constructing their own transaction and sending it through that API has this same potential issue. Raw transactions is a powerful tool, but a dangerous one too if you aren't careful.

Yup - a quite painful lesson to whoever paid those fees - I would like to suggest that perhaps we add a "max fee amount" as an optional addition to the sendrawtransaction RPC with a fairly low default value:

Code:

sendrawtransaction  [maxfee=0.01]

Stephen Gornick

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Quote from: gusti on October 05, 2012, 04:11:47 PM

Quote from: Stephen Gornick on October 05, 2012, 03:58:14 PM

With BrainWallet, you need to spend every bit of coin used as inputs, otherwise whatever you don't spend goes as fees.

Is this only applicable to offline transactions,

Ya, sorry ... when manually building a transaction through BrainWallet's Transactions page, it doesn't stop you or notify you that you are not spending the full amount from the inputs. Which, causes the unspent amount to go to the miner.

Quote from: gusti on October 05, 2012, 04:11:47 PM

or also if I import the brainwallet address to a working client ?

No, clients that construct the transaction will handle the change properly, either to a new address in the wallet or with some other method.

But with the Bitcoin.org client supporting raw transactions now, anyone constructing their own transaction and sending it through that API has this same potential issue. Raw transactions is a powerful tool, but a dangerous one too if you aren't careful.

Graet

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Quote from: Stephen Gornick on October 05, 2012, 03:58:14 PM

Quote from: Graet on October 05, 2012, 09:50:35 AM

someone/thing screwed up

You can probably thank the combination of Brainwallet.org + someone not knowing what they are doing and transacting with amounts above their competency level (or someone making a rookie mistake).

With BrainWallet, you need to spend every bit of coin used as inputs, otherwise whatever you don't spend goes as fees.

- http://brainwallet.org/#tx

thanks Stephen

raw transactions API was mentioned as a potential reason in #bitcoin-dev
even sparked some discussion of sanity checks
cheers
Graet

gusti

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Quote from: Stephen Gornick on October 05, 2012, 03:58:14 PM

With BrainWallet, you need to spend every bit of coin used as inputs, otherwise whatever you don't spend goes as fees.

Care to ellaborate, please ? Is this only applicable to offline transactions, or also if I import the brainwallet address to a working client ? Thanks in advance.

Stephen Gornick

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Quote from: Graet on October 05, 2012, 09:50:35 AM

someone/thing screwed up

You can probably thank the combination of Brainwallet.org + someone not knowing what they are doing and transacting with amounts above their competency level (or someone making a rookie mistake).

With BrainWallet, you need to spend every bit of coin used as inputs, otherwise whatever you don't spend goes as fees.

- http://brainwallet.org/#tx

Graet

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Quote from: Saturn7 on October 05, 2012, 10:13:29 AM

Did it get paid to the miners, cause my reward was double what it normally is. Grin

Yes, luckily for Ozcoin miners we are one of the few pools that pay out txn fees Cheesy

I lost out a little one of my rigs was mining for ckolivas on a stratum pool :/ lol

Saturn7

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Did it get paid to the miners, cause my reward was double what it normally is. Grin

Graet

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http://blockchain.info/block-index/311449/0000000000000412cb93f5cceceebdd6bec88d5db691a17a823287c47713d2cf

someone/thing screwed up
http://blockchain.info/tx/f776cac4a61ed03a54fdf272d0e38f9a68824420aa5d2b8f1b7abf25543a0751
http://blockchain.info/tx/c16b8666e9f0ed85532a158bd9659b0cb62cdd462a920300285cf21b9898b8f2
http://blockchain.info/tx/f821e1d32c5da639295926b977a4003f3920b05c1b81b0002aa79e560f1c5724

to clarify
those 3 txn, one is for 3.xx btc with a 9.xx btc fee, a 21.xx btc txn with a 21.xx fee and another txn with a 64BTC fee

Miners on Ozcoin thank this generous person
I'm just curious to know how it happened, testing software? trying to add non standard fee? operator error?

cheers
Graet

Topic: 104BTC of TXN fees - thanks - but why? (Read 2523 times)