Topic: 2.5 btc tx fee (Read 1520 times)
if this is a user error, what a honest mistake! good thing it got refunded back. thanks for the input everyone!
wow, that fee which is amazing, maybe he did deliberate action by giving tax 2.5 BTC, and may also be an expression of gratitude for the gift that has been given of the BTC. or maybe he made a mistake and think that he is sending 2.5 BTC. already a lot going on with the fee on 1 BTC.
That's outrageous and I find it difficult to believe that one will even pay more than half a BTC as tax fees. Strange times indeed.
Probably someone was drunk while sending the funds.
The funds sent are like 0.05 and 0.2 [ Though the tx fee is 2.5 lmao , 1st time in life i have seen such a big tx fee in this low amount
The funds sent are like 0.05 and 0.2 [ Though the tx fee is 2.5 lmao , 1st time in life i have seen such a big tx fee in this low amount
Well sometines the fees are on the high side when the mempool is flooded. https://blockchain.info/charts/mempool-count
I once had to pay 0.01 BTC fee on a 0.2 Transaction.
But as stated this seem to be some PR stunt of Antpool
Then I will state it was not a publicity stunt for the record. Bitmain/Antpool would have somehow managed to count on my involvement in their scheme without my knowledge or consent.
It's quite simple really. An unfortunate event in which they unknowingly became involved was brought to their attention and they made the decision to remedy that situation at a cost to themselves. To them, 2.5 BTC is a pittance; to a student, it is a fortune. Their decision was easy to make. Why is everyone over-thinking this? How many newspapers picked up this story? It wasn't on CNN... nobody called to interview me or even e-mailed or PM'd me over the matter. If it was a publicity stunt, Bitmain failed to take advantage of it. One would think it they had put all this forethought into the scheme they would have planned on a follow-through.
Two words - Occam's razor
Probably someone was drunk while sending the funds.
The funds sent are like 0.05 and 0.2 [ Though the tx fee is 2.5 lmao , 1st time in life i have seen such a big tx fee in this low amount
The funds sent are like 0.05 and 0.2 [ Though the tx fee is 2.5 lmao , 1st time in life i have seen such a big tx fee in this low amount
Well sometines the fees are on the high side when the mempool is flooded. https://blockchain.info/charts/mempool-count
I once had to pay 0.01 BTC fee on a 0.2 Transaction.
But as stated this seem to be some PR stunt of Antpool
Probably someone was drunk while sending the funds.
The funds sent are like 0.05 and 0.2 [ Though the tx fee is 2.5 lmao , 1st time in life i have seen such a big tx fee in this low amount
The funds sent are like 0.05 and 0.2 [ Though the tx fee is 2.5 lmao , 1st time in life i have seen such a big tx fee in this low amount
https://live.blockcypher.com/btc/tx/4d45a14ee7320b97bafd550d60df1a1be524f3cfc8ca1ea6295279eeb7026aff/
Wtf. How does it happen 😄😄😄
Just a mistake, and lucky for those have repays : Wtf. How does it happen 😄😄😄
Bitcoin Miner Repays Customer Who Accidentally Paid 2.5 Bitcoins Transaction Fee
And all well done here https://bitcointalksearch.org/topic/please-help-i-sent-a-transaction-with-a-25-btc-transaction-fee-1818791
https://live.blockcypher.com/btc/tx/4d45a14ee7320b97bafd550d60df1a1be524f3cfc8ca1ea6295279eeb7026aff/
Wtf. How does it happen 😄😄😄
Just a mistake, and lucky for those have repays : Wtf. How does it happen 😄😄😄
Bitcoin Miner Repays Customer Who Accidentally Paid 2.5 Bitcoins Transaction Fee
And all well done here https://bitcointalksearch.org/topic/please-help-i-sent-a-transaction-with-a-25-btc-transaction-fee-1818791
https://live.blockcypher.com/btc/tx/4d45a14ee7320b97bafd550d60df1a1be524f3cfc8ca1ea6295279eeb7026aff/
Wtf. How does it happen 😄😄😄
Just a mistake, and lucky for those have repays : Wtf. How does it happen 😄😄😄
Bitcoin Miner Repays Customer Who Accidentally Paid 2.5 Bitcoins Transaction Fee
And all well done here https://bitcointalksearch.org/topic/please-help-i-sent-a-transaction-with-a-25-btc-transaction-fee-1818791
This was very unfortunate mistake on the sender part - he mistakenly wanted to send 2.5 BTC and not include it as a fee.
This transaction fee had nothing to do with current high (but not that ludicrous) fee policy.
I always say: there should be hard coded limit build in every bitcoin wallet preventing you from including ridiculous fee like that.
Also I wonder if AntPool pitied him and gave his money back, even though they have no obligation to do that...
True. As you say, a hard coded limit or even a notifier/warning that pops up should be included in wallets. Something like if a set max/min fee is reached, there'd at least be a warning. Then, if they still send a such a ludicrous amount of fee despite the pop-up warning, that'd just be considered a 'donation' of sorts. This transaction fee had nothing to do with current high (but not that ludicrous) fee policy.
I always say: there should be hard coded limit build in every bitcoin wallet preventing you from including ridiculous fee like that.
Also I wonder if AntPool pitied him and gave his money back, even though they have no obligation to do that...
Yes, they did give back 2.5 BTC. The fees were already distributed to the miners, but even so, Bitmain still decided to return the same amount, from their own pocket.
I think there was a mistake of the user send and regulate bitcoin bitcoin transaction costs, hope this does not happen again in the future
Trust me, as long as users are free to set unrestricted transaction fee it will happen sooner or later. This is not isolated incidentWe know about this case only because unfortunate sender tried to seek help on bitcointalk, but think how many users sent the wrong fee and never complained about it.
I think there was a mistake of the user send and regulate bitcoin bitcoin transaction costs, hope this does not happen again in the future
This was very unfortunate mistake on the sender part - he mistakenly wanted to send 2.5 BTC and not include it as a fee.
This transaction fee had nothing to do with current high (but not that ludicrous) fee policy.
I always say: there should be hard coded limit build in every bitcoin wallet preventing you from including ridiculous fee like that.
Also I wonder if AntPool pitied him and gave his money back, even though they have no obligation to do that...
This transaction fee had nothing to do with current high (but not that ludicrous) fee policy.
I always say: there should be hard coded limit build in every bitcoin wallet preventing you from including ridiculous fee like that.
Also I wonder if AntPool pitied him and gave his money back, even though they have no obligation to do that...
wow, that fee which is amazing, maybe he did deliberate action by giving tax 2.5 BTC, and may also be an expression of gratitude for the gift that has been given of the BTC. or maybe he made a mistake and think that he is sending 2.5 BTC. already a lot going on with the fee on 1 BTC.
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It happens when the wallet you use to send funds don't have the feature to input the fees manually and you can't preview the fees, seems like electrum and mycelium but those two can preview the fees before sending so still it safe.
Or maybe he used some exchange that get the fees from the users balance automatically and the user can't see if the fees reach 1 BTC already.
There's no way that some exchange that deducts user's balance to pay fee could make a big mistake like that, I'm sure that they're using their own algorithm which is finely made and tested. If the exchanges were calculating the fee based on its size and depending on the current recommended rate which is 200sat/b then it wouldn't surpass 0.005 as it's the recommended fee for 2000b as showed in the transaction description. Or maybe he used some exchange that get the fees from the users balance automatically and the user can't see if the fees reach 1 BTC already.
Clearly just a rich guy trying to help the network right 
It was a mistake. he posted here in bitcointalk weeks ago. https://bitcointalksearch.org/topic/please-help-i-sent-a-transaction-with-a-25-btc-transaction-fee-1818791
oh man i wish it wasn't just a one comment kind of topic from OP and it would have been great if he/she could explain why that happened so maybe others could learn from that mistake.
anyways that seems to be a story with a happy ending since the miner (Bitmain) paid him back
https://blockchain.info/tx/eb76fdc7a422342cc5b97c77f8e37406aefb3ec8cfbe2c00e0240138b950b768
It was xhomerx10 who took the initiative to contact Bitmain and got a favorable response. Good thing he did.
Honestly, I think it's a stupid mistake to make. Wouldn't you double or even triple check everything before sending a transaction? That's just being too careless. But yeah, it happens.
As for Bitmain, publicity stunt or not, it's a good gesture. I don't consider the motive (in this case) to matter.
Its likely someone who was messing around and handcrafted the TX himself. Many don't realise that the fee is always the input amount-output amount and the fee is unintentionally overpaid.
This. I once had that problem too when creating a raw transaction. I was so focused on experimenting that I completely messed up. Raw TX was sent where the rest of my balance was included as fee, lol. It gladly wasn't a huge amount (around 0.10BTC), but still, it hurts. I could have tried to double spend that TX, but it was useless since I would then lose more than I would gain.
Depending on who mined the transaction, they may not refund. The 2.5BTC is technically theirs.
It's gone. In most cases pools directly pay out everything to their miners. I don't think many pools are willing to swallow a loss just because someone else made a mistake. I however have to note that very recently someone was indeed refunded by a mining pool after adding a way too high fee. But in that case it looked more like a publicity stunt to me.
https://live.blockcypher.com/btc/tx/4d45a14ee7320b97bafd550d60df1a1be524f3cfc8ca1ea6295279eeb7026aff/
Wtf. How does it happen 😄😄😄
Wtf. How does it happen 😄😄😄
Probably a big mistake by whoever sent the funds.
I mean there are a lot of transactions that carried way more transaction fees than even this one, i believe there was one with something like 40+ BTC in transaction fees. It's not that uncommon these days to have transactions with fees over 0.1 BTC, without a mistake just because the fees are pretty damn high right now.
If that guy made a mistake, which he probably did, he should contact whoever mined the block which is Antpool in this case and ask for a refund.
I've seen companies offer refunds before, not sure what's Antpool's stance on this issue.
It's very confusing how people manage to make transactions with mistakes this serious, because most major wallets give you warnings if you put the transaction fee too high. Not to mention that if you hold enough Bitcoin to make that mistake anyway, you should be able to be very careful with your Bitcoin when sending any transactions. But then again, when there are thousands of transactions going on every hour, I suppose there always has to be someone who, by coincidence, makes such a bad mistake.
If this is the person I'm thinking about though, they were refunded by Antpool a while ago.
A big Saint Patrick's day fuck up, a little took much whiskey I bet.
Yeah this generally happen when you intake a large volume of Chivas Regal, I am pretty sure that he would run to the miner who confirmed the transaction to refund , but it is a way to difficult for one to make them reply to you.anyways this is hard fucked now..
If this problem known by everyone who don't understand what's the problem, it would be a bad impression for cryptocurrencies, especially bitcoin. Bitcoin known as the alternative instant payment with low fee that don't need third party, if this big fee heard by the competitors, it's not good on the news.
https://live.blockcypher.com/btc/tx/4d45a14ee7320b97bafd550d60df1a1be524f3cfc8ca1ea6295279eeb7026aff/
Wtf. How does it happen 😄😄😄
Wtf. How does it happen 😄😄😄
Whoever sent that transaction fee that big accidentally is crying right now, lol. 2.5 bitcoin is a big deal, maybe not, if he have too much bitcoin in his wallet, and it is not a problem to him to earn that amount of bitcoin that is why maybe he put the transaction fee into 2.5 for a faster transaction, and if its true that he just accidentally sent it, then he's doomed, 2.5 bitcoin is not that easy to earn.
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