Topic: 15btc transaction fee, big mistake - page 10. (Read 12683 times)
I am literally crying in front of my computer screen. What retard would do that? I only pay 10 thousand satoshi as my fee and then i see this guy with 15 Bitcoin as his fee. This us just such a sad sight. I wish that I never pressed that link and saw the transaction fee.
Hey,
Can you explain this with a little bit more detail....Maybe, provide some reference links that we can peruse. It's an interesting application problem, indeed. Are you saying that those who use a console to push their transaction, rather than the GUI, are more likely to make this mistake?
Can you explain this with a little bit more detail....Maybe, provide some reference links that we can peruse. It's an interesting application problem, indeed. Are you saying that those who use a console to push their transaction, rather than the GUI, are more likely to make this mistake?
https://coinb.in/#newTransaction
when someone create a transaction, any btc from the input(s) that is not spent on the output(s) will become the fee. so if you have an input of say 10BTC and create a single output of 5BTC or 2 outputs of 2.5BTC, the rest 5BTC will be set as the fee.
that's why all of the bitcoin transactions spends the rest of the btc to a change address, or the same address, or neither but spends everything.
Why would someone do that ! Its most likely to be a typing error maybe the person was entering 0.15 BTC or something.
How could that possible is this a human error ,that error is indeed huge i have never had issues on fees I thought it's automated the transaction fee will automatically added to the funds being send,is this error an isolated or will it happen again..
Most often this happens when people dont use wallet clients which taking care of everything. When you create transaction yourselves you might not realize everything you dont use is basically fee. Like if you have 10 BTC and you need pay 3 BTC to someone, you need to send the remaining 7 BTC to yourselves in the same transaction otherwise 7 BTC become a fee. Wallet clients taking care of everything but if you create transaction yourselves you might make such mistake...
Hey,
Can you explain this with a little bit more detail....Maybe, provide some reference links that we can peruse. It's an interesting application problem, indeed. Are you saying that those who use a console to push their transaction, rather than the GUI, are more likely to make this mistake?
This could never happen. Is there any possible way to get back those bitcoins which were considered as the transaction charge. Is anyone heard of such incident other than this?
It happened at least one time before.
https://www.reddit.com/r/Bitcoin/comments/1lb5my/asicminer_refunds_the_accidental_200_btc/
I found one of those blocks yesterday by accident. I knew like 4.7 BTC fee in one block was a lot, but I didn't know how to find which transaction caused it (and I didn't want to go through it manually).
I notice something interesting: two transactions with 4 Bitcoin fee, within 29 seconds apart. And one of them is included 10 blocks later than the other.
In other words: does a higher fee really help for a faster transaction? What were those miners thinking skipping this one for so long?
I always believed a higher fee would give a higher priority, but apparently even 4 Bitcoin fee gives no guarantee to be included in the next few blocks!
I notice something interesting: two transactions with 4 Bitcoin fee, within 29 seconds apart. And one of them is included 10 blocks later than the other.
In other words: does a higher fee really help for a faster transaction? What were those miners thinking skipping this one for so long?
I always believed a higher fee would give a higher priority, but apparently even 4 Bitcoin fee gives no guarantee to be included in the next few blocks!
Good catch! The miners should really check whether the software they are using really prioritizes transactions based on fees, because ignoing such 4BTC fee transaction for so long is simply scandal.
Miners often using their custom software for mining, so does not need to be necessary Bitcoin Core issue.
the slow tx spends an input that only got confirmed in block #400850 (link). that's why it's slower.
I guess that proved that there's not many miners are using the CPFP rule.
Which wallet were they using? I think wallets should have a warning system, if you put in too much fee, they should notify you prior to sending the transaction, that the transaction fee is too high, just like some of them do with low fee.
looks like there's two more transactions that paid abnormal amount of fee recently. found this at reddit.
https://blockchain.info/tx/c6f9ae3d4e6c895594628a28a53e9c8436a8ba1aaf5f0dd1711ac2a3f4b893c6
https://blockchain.info/tx/15ccae9f8b2b4e554be12411b83624e8743244e95b7116447a7dde9a39fd2cbe
both have 4BTC fee. received by blockchain one minute apart. if it's the same guy then they lost 23.5BTC.
I found one of those blocks yesterday by accident. I knew like 4.7 BTC fee in one block was a lot, but I didn't know how to find which transaction caused it (and I didn't want to go through it manually).https://blockchain.info/tx/c6f9ae3d4e6c895594628a28a53e9c8436a8ba1aaf5f0dd1711ac2a3f4b893c6
https://blockchain.info/tx/15ccae9f8b2b4e554be12411b83624e8743244e95b7116447a7dde9a39fd2cbe
both have 4BTC fee. received by blockchain one minute apart. if it's the same guy then they lost 23.5BTC.
I notice something interesting: two transactions with 4 Bitcoin fee, within 29 seconds apart. And one of them is included 10 blocks later than the other.
In other words: does a higher fee really help for a faster transaction? What were those miners thinking skipping this one for so long?
I always believed a higher fee would give a higher priority, but apparently even 4 Bitcoin fee gives no guarantee to be included in the next few blocks!
Good catch! The miners should really check whether the software they are using really prioritizes transactions based on fees, because ignoing such 4BTC fee transaction for so long is simply scandal.
Miners often using their custom software for mining, so does not need to be necessary Bitcoin Core issue.
This could never happen. Is there any possible way to get back those bitcoins which were considered as the transaction charge. Is anyone heard of such incident other than this?
reading through the previous posts i think it is possible only if the tx was mined with a mining farm and not a shared pool. buy the person should ask the miner to give it back if they choose to do so. there is no other way. (it happened once before too)
This could never happen. Is there any possible way to get back those bitcoins which were considered as the transaction charge. Is anyone heard of such incident other than this?
looks like there's two more transactions that paid abnormal amount of fee recently. found this at reddit.
https://blockchain.info/tx/c6f9ae3d4e6c895594628a28a53e9c8436a8ba1aaf5f0dd1711ac2a3f4b893c6
https://blockchain.info/tx/15ccae9f8b2b4e554be12411b83624e8743244e95b7116447a7dde9a39fd2cbe
both have 4BTC fee. received by blockchain one minute apart. if it's the same guy then they lost 23.5BTC.
I found one of those blocks yesterday by accident. I knew like 4.7 BTC fee in one block was a lot, but I didn't know how to find which transaction caused it (and I didn't want to go through it manually).https://blockchain.info/tx/c6f9ae3d4e6c895594628a28a53e9c8436a8ba1aaf5f0dd1711ac2a3f4b893c6
https://blockchain.info/tx/15ccae9f8b2b4e554be12411b83624e8743244e95b7116447a7dde9a39fd2cbe
both have 4BTC fee. received by blockchain one minute apart. if it's the same guy then they lost 23.5BTC.
I notice something interesting: two transactions with 4 Bitcoin fee, within 29 seconds apart. And one of them is included 10 blocks later than the other.
In other words: does a higher fee really help for a faster transaction? What were those miners thinking skipping this one for so long?
I always believed a higher fee would give a higher priority, but apparently even 4 Bitcoin fee gives no guarantee to be included in the next few blocks!
looks like there's two more transactions that paid abnormal amount of fee recently. found this at reddit.
https://blockchain.info/tx/c6f9ae3d4e6c895594628a28a53e9c8436a8ba1aaf5f0dd1711ac2a3f4b893c6
https://blockchain.info/tx/15ccae9f8b2b4e554be12411b83624e8743244e95b7116447a7dde9a39fd2cbe
both have 4BTC fee. received by blockchain one minute apart. if it's the same guy then they lost 23.5BTC.
https://blockchain.info/tx/c6f9ae3d4e6c895594628a28a53e9c8436a8ba1aaf5f0dd1711ac2a3f4b893c6
https://blockchain.info/tx/15ccae9f8b2b4e554be12411b83624e8743244e95b7116447a7dde9a39fd2cbe
both have 4BTC fee. received by blockchain one minute apart. if it's the same guy then they lost 23.5BTC.
I think this dude was thinking he was playing with testnet Bitcoins, but he ended up learning a costly lesson.
At least he got his transaction confirmed quickly. 
F2Pool will return his money, I guess.
F2Pool will return his money, I guess.
lol, I don't think F2pool would do it. Lucky pool!
Stuff like this happened once or twice before, pools gave the money back.
At least he got his transaction confirmed quickly.
F2Pool will return his money, I guess.
F2Pool will return his money, I guess.
lol, I don't think F2pool would do it. Lucky pool!
that's bad, i thought that the fee's destiny was the same as the reward, they should fix this to prevent centralization of the money when the reward will be worthless
i'm not confusing, i was convinced that the fee were divided like the block reward, and this is not the case then it should be fixed for the future
otherwise how the miners will survive when the block reward will be pointless?
I don't think you understood. The block reward , along with the tx fees goes to the miner who found the block, which in this case is the pool operator. It is up to the pool to then divide and send the miners , their dividends according to their hashratei'm not confusing, i was convinced that the fee were divided like the block reward, and this is not the case then it should be fixed for the future
otherwise how the miners will survive when the block reward will be pointless?
i think i understood correctly, the pool operator can decide to not give anything as a fee concerned, yes he can be seen as a bad pool and none will mine there anymore, but he can still do it when fee will be very important
what i mean is that in the future when fee will be everything, many miners can decide to mine in solo to take all the reward, and not hoping for a pool to split the reward that he own
It might seem funny or even fortunate for such luck in that large a transaction fee but Im thinking its a bad mistake for bitcoin overall if this is easily possible.
Yeah, the hard fork for the july '17 block size increase should include to prevent this,
Hence why it is wise to wait with a hard fork - it lets you put other stuff in that is needed and do it all at once.
in the past when such has occurred, it was due to someone doing some custom client stuff and making a mistake, or so they said. unless the sender comes forward here, we'll never know.
reversible? nope.
reversible? nope.
Hence why there is a test network...
the mining fee is divided proportionally by the hash of the miners right? if you have 1/10 of the hash you get 1/10 of the total fee?
No. Only one party (the one mining the block) will get 100% of the money.
wait, how it work with pool then? it must be divided in the end, or the pool get all the money from fees?
to answer this is to understand the difference between a mining pool and a mining farm
a mining farm is a 100% owned by one company and all the ASICS are 100% owned by that company.
a mining pool is individuals, groups and multiple companies working together as a pool/syndicate.
the block was mined by F2pool which is not farm(single entity with 100% ownership of all the asics), but IS a pool.
now to get to the payout part:
F2pool (previously discusfish) has a 4% fee. so F2pool keeps 4% and the other 96% is divided by the shares of the individuals hashing.
eg the reward is 41.13939715, f2pool owner gets 1.64557589 and the rest gets shared out by the other miners.
if it was a mining farm. the entire 41.13939715 would be kept by the farm owner
Everyone here is talking about human mistake.
But seriously? 15btc fee a mistake?
Well for sure that's an heavy one!
But I wouldn't be so sure it's a mistake. I don't even know how you could do one like that!
But seriously? 15btc fee a mistake?
Well for sure that's an heavy one!
But I wouldn't be so sure it's a mistake. I don't even know how you could do one like that!
awesome, i think that there is someone somewhere who didn't wake up from bed yet because is still crying. Maybe the reason was because a bot manage it automatically and crash while was setting the fees, dunno.
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