15btc transaction fee, big mistake - page 9.

ahpku

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Activity: 294

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Quote from: Betwrong on March 04, 2016, 04:12:03 AM

Quote from: pedrog on March 03, 2016, 10:50:22 AM

Quote from: romero121 on March 03, 2016, 10:19:15 AM

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/

Wow! Great story! Some person attached 25,000$ worth of bitcoin as a fee to his transaction and then he gets a refund.

Like one of the comments says: "Friedcat (apparently the guy who did the refund) might qualify for early sainthood."

Sadly, the Saint Cat ran away with millions of investor $$ shortly thereafter, so mixed emotions Undecided

coinzat

sr. member

Activity: 434

Merit: 250

Young but I'm not that bold

I believe that it is a newbie transaction and it was sent by mistake. because there is not understandable reason to through such amount of btc for miners for almost free.
BTW it is not the first time to see a similar transaction, as I remember, two month ago someone send a tx with more than 5 btc as fees

saddoge

newbie

Activity: 41

Merit: 0

he either wanted to make a really expensive joke, or it was just a typo what should have really hurt

Amph

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Quote from: LiteCoinGuy on March 04, 2016, 05:01:03 AM

called "dynamic fee"

Tongue

if you set it automatic fee aren't they kinda dynamic? i means the client choose the best one for the amount you want to spend

ImnotOctopus

sr. member

Activity: 280

Merit: 250

I feel sorry for the sender.
I guess his drunk or his finger is big like feet.
This is the first time a saw a transaction equivalent to half a million peso.

Neptunium

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Activity: 196

Merit: 100

That's really hilarious. I wonder how fast it was confirmed.

LiteCoinGuy

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In Satoshi I Trust

called "dynamic fee"

Tongue

erikalui

legendary

Activity: 2632

Merit: 1094

Why did the user even commit such a big mistake? He was transacting such a small amount and he added this fee manually I suppose. It makes no sense if he wanted his transaction to get confirmed soon.

Happy to see that there are miners who make a refund if they receive extra fees.

Betwrong

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Activity: 3374

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I stand with Ukraine.

Quote from: pedrog on March 03, 2016, 10:50:22 AM

Quote from: romero121 on March 03, 2016, 10:19:15 AM

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/

Wow! Great story! Some person attached 25,000$ worth of bitcoin as a fee to his transaction and then he gets a refund.

Like one of the comments says: "Friedcat (apparently the guy who did the refund) might qualify for early sainthood."

acroman08

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Activity: 2436

Merit: 1104

Quote from: franky1 on March 02, 2016, 06:36:45 PM

https://blockchain.info/tx/6fe69404e6c12b25b60fcd56cc6dc9fb169b24608943def6dbe1eb0a9388ed08

why would he/she do that that is just stupidity, and of that happens to me i wont be able to sleep for a month.
that just hurts losing $6300 just for transaction fees.

Pursuer

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Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: AliceWonderMiscreations on March 03, 2016, 08:01:10 PM

I'm wondering if this is money laundering.

Alice has dirty bitcoins that can link him to illegal activity.

Bob is a miner.

Bob keeps adding the TX to the blocks he is trying to solve. As soon as he solves the block, he notifies Alice so the TX goes to the network and Bob releases the block.

It looks like Bob got the TX from the network. But the dirty coins are destroyed.

Bob then sends Alice the equivalent value (less a fee) using existing coins or using the coins from the block reward to several addresses controlled by Alice.

Now both Alice and Bob are cleared of any scrutiny and the laundering is complete.

this case was most probably a mistake in the code they were using which sent big fees.
but your theory is interesting but it doesn't sound right. because if you want to launder money you will try to cover your tracks
in this case when Alice sends her dirty bitcoins to Bob and includes a big fee, it is so obvious what they are doing besides doing it a couple of times to a miner called Bob will put Bob in law enforcement watchlist and following the coins going into his blocks and out of his known addresses will lead them to Alice too.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: AliceWonderMiscreations on March 03, 2016, 08:01:10 PM

I'm wondering if this is money laundering.

Alice has dirty bitcoins that can link him to illegal activity.

Bob is a miner.

Bob keeps adding the TX to the blocks he is trying to solve. As soon as he solves the block, he notifies Alice so the TX goes to the network and Bob releases the block.

It looks like Bob got the TX from the network. But the dirty coins are destroyed.

Bob then sends Alice the equivalent value (less a fee) using existing coins or using the coins from the block reward to several addresses controlled by Alice.

Now both Alice and Bob are cleared of any scrutiny and the laundering is complete.

i don't think this one is right because the miners fee will be divided to few people who connected in the pool,so,laundering money with this method will end your money distributed to few people and probably bob will just receive small amount of fees except he got a big rigs

PassThePopcorn

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Activity: 463

Merit: 309

Quote from: TastyChillySauce00 on March 04, 2016, 12:44:30 AM

Quote from: AliceWonderMiscreations on March 03, 2016, 08:01:10 PM

I'm wondering if this is money laundering.

Alice has dirty bitcoins that can link him to illegal activity.

Bob is a miner.

Bob keeps adding the TX to the blocks he is trying to solve. As soon as he solves the block, he notifies Alice so the TX goes to the network and Bob releases the block.

It looks like Bob got the TX from the network. But the dirty coins are destroyed.

Bob then sends Alice the equivalent value (less a fee) using existing coins or using the coins from the block reward to several addresses controlled by Alice.

Now both Alice and Bob are cleared of any scrutiny and the laundering is complete.

i don't think this one is right because the miners fee will be divided to few people who connected in the pool,so,laundering money with this method will end your money distributed to few people and probably bob will just receive small amount of fees except he got a big rigs

You are wrong, f2pool is a PPS pool, they do not distribute funds based on block solves rather shares submitted. If you mine to f2pool you get paid regardless if they find a block, if f2pool gets lucky and finds lots of blocks they profit, if they are unlucky and find few blocks they loose money.

quentincole32

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Activity: 518

Merit: 500

Quote from: Jhanzo on March 02, 2016, 07:08:29 PM

Quote from: cjmoles on March 02, 2016, 06:59:08 PM

I'm looking at it and wow! Four confirmations....ouch....Is there any imaginable way to reverse that transaction or remedy it in anyway? Could it have been on purpose? Some ledger manipulation thing or something, or was just fat fingered?

whoever mined block #400893 and collected the fee can return them if they choose to do so. bitfury did that in the past. (someone correct me if I'm mistaken.)
don't know if that was just a mistake or not.

That was bad side of bitcoin , one click and no matter what transaction has been sent and irreversible.
Unless yeah there is a honest miner who collected that fat fee and the sender was admit it is a mistake. But it's hard to figured out.

pooya87

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Activity: 3472

Merit: 10611

Quote from: AliceWonderMiscreations on March 03, 2016, 08:01:10 PM

I'm wondering if this is money laundering.

Alice has dirty bitcoins that can link him to illegal activity.

Bob is a miner.

Bob keeps adding the TX to the blocks he is trying to solve. As soon as he solves the block, he notifies Alice so the TX goes to the network and Bob releases the block.

It looks like Bob got the TX from the network. But the dirty coins are destroyed.

Bob then sends Alice the equivalent value (less a fee) using existing coins or using the coins from the block reward to several addresses controlled by Alice.

Now both Alice and Bob are cleared of any scrutiny and the laundering is complete.

hmm, that is an interesting theory but the block was mined by F2Pool i think it was more possible if the block was mined with one of the unknown (other) miners. F2Pool doesn't receive all the fees it is a pool and has to divide the fee to whoever is connected to their pool.

besides this all looks like a lot of work to launder money and expensive too. there are easier ways.

WhiteBeard

full member

Activity: 156

Merit: 102

Bean Cash - More Than a Digital Currency!

Wow! If this is a mistake it is a huge one! Sad

Otherwise, as has been suggested, it could have been done on purpose for some motive not known. Unless the sender acknowledges it publicly we will never know.

Acidx

sr. member

Activity: 356

Merit: 250

Quote from: snipie on March 02, 2016, 06:42:04 PM

Quote from: franky1 on March 02, 2016, 06:36:45 PM

https://blockchain.info/tx/6fe69404e6c12b25b60fcd56cc6dc9fb169b24608943def6dbe1eb0a9388ed08

Woot unbelievable, someone just spent $6300 as fees!! I feel i missed something, anyway Lucky miners...

Damn, how much is the backlog now really?

setupbounds

hero member

Activity: 910

Merit: 509

Ohhhh that might really hurt you spen 6000+ dollars for a fee Sad

AliceWonderMiscreations

full member

Activity: 182

Merit: 107

I'm wondering if this is money laundering.

Alice has dirty bitcoins that can link him to illegal activity.

Bob is a miner.

Bob keeps adding the TX to the blocks he is trying to solve. As soon as he solves the block, he notifies Alice so the TX goes to the network and Bob releases the block.

It looks like Bob got the TX from the network. But the dirty coins are destroyed.

Bob then sends Alice the equivalent value (less a fee) using existing coins or using the coins from the block reward to several addresses controlled by Alice.

Now both Alice and Bob are cleared of any scrutiny and the laundering is complete.

Raimonn

legendary

Activity: 1470

Merit: 1001

Quote from: pedrog on March 03, 2016, 10:50:22 AM

Quote from: romero121 on March 03, 2016, 10:19:15 AM

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/

This one its worse, accidentally loosing 200 btc is a big amount of money, he had luck that miners returned its fee. I think that we need to look two times whitch fee we are doing, like we do with the bitcoin address (almost i look two times to see if i don't make any mistake writing the address that will receive the bitcoins, and normaly don't look if i made a mistake with the fee).

Topic: 15btc transaction fee, big mistake - page 9. (Read 12683 times)