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Topic: 15btc transaction fee, big mistake - page 11. (Read 12683 times)

sr. member
Activity: 294
Merit: 250
March 03, 2016, 07:08:13 AM
#68
wow! for godness sake.
it's unbelieveable fees dude, since i saw it i just cant realize the fees  Huh Huh Huh
hero member
Activity: 546
Merit: 500
March 03, 2016, 06:58:30 AM
#67
Wooowww, incredible transaction. I would feel very sick if I have it
sr. member
Activity: 266
Merit: 250
March 03, 2016, 06:49:54 AM
#66
How could this happen??

They've created a custom transaction & made a typo error, I'd guess.

I thought all fees deducted by automatic.
Neh, custom transactions 've custom(manual) fee option.

Can take this back?
Yep, if the miner # 400893 wants to(agrees), I'd guess (not sure).


Yesterday I found a new block with almost 5 bitcoin in fees (usually it's 0.25 to 0.5 per block), so there too I think someone must have made a huge mistake.
Basically, this is normal, you know 'coz the (crypto)world is'nt so small.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
March 03, 2016, 06:43:10 AM
#65
Yesterday I found a new block with almost 5 bitcoin in fees (usually it's 0.25 to 0.5 per block), so there too I think someone must have made a huge mistake.
STT
legendary
Activity: 4088
Merit: 1452
March 03, 2016, 06:42:23 AM
#64
That would be a really big deal if a pool returned the fee.   They arent obliged to but would show an understanding that everyone makes mistakes.  I guess it would be easy enough to just put it back to the original address.    My point is this should not be possible in a correct system, the military have terms for why these events always occur SNAFU basically.  If it can go wrong it will, dont blame the person just dont leave these giant mistakes possible in the normal setup and call it user friendly
sr. member
Activity: 434
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
March 03, 2016, 06:41:19 AM
#63
He must've clicked on the transaction box in his qt wallet and thought that the numbers there are in Bits and not BTC. Lucky miners who are in a pool who mined that block.
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
March 03, 2016, 06:40:25 AM
#62
Lol  It will help for them to pay attention to what they're doing next time. If they can mistake a fee its funny to think of the typos they've made sending funds to someone.
legendary
Activity: 896
Merit: 1000
March 03, 2016, 06:37:44 AM
#61
i wonder if this person have made an attempt to contact the pool that mined that block. it's no guarantee that they will return anything, but at least its worth a try.
sr. member
Activity: 308
Merit: 250
❃ CyberNick ❃
March 03, 2016, 06:35:47 AM
#60
How could this happen?? I thought all fees deducted by automatic.
Or they put manual fees? Anyway is this your transaction? Feel so hurt when saw this much fees paid.
Can take this back?
copper member
Activity: 1442
Merit: 529
March 03, 2016, 05:27:33 AM
#59
I would be happy to have 15 BTC and I am pretty sure I will never make this mistake for such a huge amount. I hope the guy/girl haven't had a heart attack when they have seen what they have done.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
March 03, 2016, 05:19:45 AM
#58
how it he world is that even possible?

15BTC is $6300

when i want to send $1 i double check everything and then send it, it will only take a second to check!
hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
March 03, 2016, 05:19:22 AM
#57
It looks to be a bad starting for the user. How such incident happens. Even most users getting into bitcoin due to its reduced transaction fees. Soon this needs to be rectified. Human won't do such a big mistake.
hero member
Activity: 1106
Merit: 521
March 03, 2016, 05:09:43 AM
#56
I feel their pain this morning.  absolute nightmare  Cry
sr. member
Activity: 423
Merit: 250
March 03, 2016, 05:04:14 AM
#55
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...
hero member
Activity: 812
Merit: 1000
March 03, 2016, 04:54:08 AM
#54
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..

its a human error i guess, some client have an option to set fees manually and personally for me i accidentaly sent a transaction with .05btc as fee which should be the transaction amount
legendary
Activity: 3416
Merit: 1225
March 03, 2016, 04:48:36 AM
#53
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..
newbie
Activity: 10
Merit: 0
March 03, 2016, 04:39:12 AM
#52
I don't know if it's an error or whatever could have happened there, but man, that must hurt real hard, I cannot imagine how would I react with that lost.

Anyway there should be some type of control or fix to prevent more things like that happening..
member
Activity: 92
Merit: 10
March 03, 2016, 04:36:29 AM
#51
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 hashrate

... and if the pool operator makes rules that won't give miners any reward, you can rest assured that miners will not mine for the pool. So the problem solves itself using market dynamics Smiley
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
March 03, 2016, 04:25:30 AM
#50
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 hashrate
legendary
Activity: 3248
Merit: 1070
March 03, 2016, 04:21:06 AM
#49

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?

The pool gets all the money (25 BTC+fees) and can then distribute the money to its users. Or not, depending on the pool operator and its rules. This is not part of the bitcoin protocol.

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


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?
I think you're confusing Bitcoin protocol with pool rules. The pool first gets the BTC for the block, and might or might not pay the transaction fees as the part of dividends


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?
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