Topic: 2.8 btc transaction fee paid, help please. Final update: REFUNDED by GHash.IO! (Read 10215 times)

Quote from: Chemistry1988 on May 14, 2014, 03:40:59 PM

there still should be a fee calculator online so that we know how much to include...

The problem is that bitcoin tx fee depends on the tx size in KB.
To calculate the "correct fee", you will need to know the number of inputs and outputs of that tx, which is a bit too difficulty to those new users...

Yeah... Well, someone could make a calculator, which looks up the input addresses from the blockchain, and calculates the size and the fee?

There is still a problem in it, as people usually don't "consolidate" their bitcoin.
So, the sender may have used 20 different addresses to receive bitcoin before (say, 10 addresses for 10 different faucets, 1 for sig ad payment, 1 for selling domain, 8 change addresses, etc).

Well, they could type in all addresses they want to send from.

I am afraid It will be too difficulty to use then.

byt411

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Quote from: byt411 on May 14, 2014, 03:30:06 PM

Quote from: Chemistry1988 on May 14, 2014, 03:29:03 PM

Quote from: byt411 on May 14, 2014, 03:30:06 PM

there still should be a fee calculator online so that we know how much to include...

The problem is that bitcoin tx fee depends on the tx size in KB.
To calculate the "correct fee", you will need to know the number of inputs and outputs of that tx, which is a bit too difficulty to those new users...

Yeah... Well, someone could make a calculator, which looks up the input addresses from the blockchain, and calculates the size and the fee?

There is still a problem in it, as people usually don't "consolidate" their bitcoin.
So, the sender may have used 20 different addresses to receive bitcoin before (say, 10 addresses for 10 different faucets, 1 for sig ad payment, 1 for selling domain, 8 change addresses, etc).

Well, they could type in all addresses they want to send from.

Chemistry1988

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Quote from: Chemistry1988 on May 14, 2014, 03:29:03 PM

Quote from: Chemistry1988 on May 14, 2014, 03:29:03 PM

there still should be a fee calculator online so that we know how much to include...

The problem is that bitcoin tx fee depends on the tx size in KB.
To calculate the "correct fee", you will need to know the number of inputs and outputs of that tx, which is a bit too difficulty to those new users...

Yeah... Well, someone could make a calculator, which looks up the input addresses from the blockchain, and calculates the size and the fee?

There is still a problem in it, as people usually don't "consolidate" their bitcoin.
So, the sender may have used 20 different addresses to receive bitcoin before (say, 10 addresses for 10 different faucets, 1 for sig ad payment, 1 for selling domain, 8 change addresses, etc).

byt411

hero member

Activity: 798

Merit: 1000

there still should be a fee calculator online so that we know how much to include...

The problem is that bitcoin tx fee depends on the tx size in KB.
To calculate the "correct fee", you will need to know the number of inputs and outputs of that tx, which is a bit too difficulty to those new users...

Yeah... Well, someone could make a calculator, which looks up the input addresses from the blockchain, and calculates the size and the fee?

Chemistry1988

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Activity: 1120

Merit: 1000

Quote from: Chemistry1988 on May 14, 2014, 03:11:19 PM

there still should be a fee calculator online so that we know how much to include...

The problem is that bitcoin tx fee depends on the tx size in KB.
To calculate the "correct fee", you will need to know the number of inputs and outputs of that tx, which is a bit too difficulty to those new users...

byt411

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Activity: 798

Merit: 1000

Quote from: hilariousandco on May 14, 2014, 05:56:13 AM

Quote from: phelix on May 14, 2014, 05:44:31 AM

Quote from: hilariousandco on May 14, 2014, 05:56:13 AM

I love blockchain.info, but I think that one should have to enter some "Advanced User" section that is annoying to get to for the wallet to *ever* sign transactions with such astronomical fees.

this

The fee should be automatically inputted, or there be at least an option to auto-fill in the correct fee. It's a minor annoyance that you have to manually put it in and it would definitely stop things like this from happening. New users also often don't really know how much to correctly send.

Indeed it is not only blockchain.info. I have heard of people accidentally mistyped the fee amount in Electrum as well.
IMHO, all wallet clients should warn the user when the fee amount is too big, say 10x more than min fee.

Even if it does not auto fill in the correct fee, there still should be a fee calculator online so that we know how much to include...

Chemistry1988

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Quote from: phelix on May 14, 2014, 05:44:31 AM

Quote from: grahvity on May 13, 2014, 04:42:43 PM

I love blockchain.info, but I think that one should have to enter some "Advanced User" section that is annoying to get to for the wallet to *ever* sign transactions with such astronomical fees.

this

The fee should be automatically inputted, or there be at least an option to auto-fill in the correct fee. It's a minor annoyance that you have to manually put it in and it would definitely stop things like this from happening. New users also often don't really know how much to correctly send.

Indeed it is not only blockchain.info. I have heard of people accidentally mistyped the fee amount in Electrum as well.
IMHO, all wallet clients should warn the user when the fee amount is too big, say 10x more than min fee.

Chemistry1988

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Quote from: luna_from_cydonia on May 13, 2014, 02:19:15 PM

Quote from: phelix on May 14, 2014, 05:44:31 AM

Hi again community,
I am very glad to inform you that GHash.IO are very good guys and have refund me the 2.8 btc.

This is the CEX.IO support answer:

Quote

Hi btcxchg,

I'm glad to inform you that your issue has been successfully resolved.

Please provide us with your BTC wallet address and we'll send you your funds.

I'll be waiting for your reply. Thank you for your request.

You can look the refund in the same address from where it was the sent
https://blockchain.info/address/1MtGNGScWBTT4SVi2rKf9v9846PmYd57Qv

Thanks a lot to all for your support!

Looks like CEX.IO is improving its reputation day by day.
Congratulations with your coins!

Twist:

What you have just witnessed is a clever PR stunt which is now on the Hot page of /r/Bitcoin.

http://www.reddit.com/r/Bitcoin/comments/25gta1/28_btc_transaction_fee_paid_refunded_by_ghashio/

Thanks for playing along everybody!

Indeed OP is not the only one getting refund of the tx fee. You can check post #23 for Injust's experience.

hilariousandco

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Join the world-leading crypto sportsbook NOW!

I love blockchain.info, but I think that one should have to enter some "Advanced User" section that is annoying to get to for the wallet to *ever* sign transactions with such astronomical fees.

this

The fee should be automatically inputted, or there be at least an option to auto-fill in the correct fee. It's a minor annoyance that you have to manually put it in and it would definitely stop things like this from happening. New users also often don't really know how much to correctly send.

phelix

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Activity: 1708

Merit: 1020

Quote from: grahvity on May 13, 2014, 04:42:43 PM

I love blockchain.info, but I think that one should have to enter some "Advanced User" section that is annoying to get to for the wallet to *ever* sign transactions with such astronomical fees.

this

hilariousandco

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Join the world-leading crypto sportsbook NOW!

Quote from: luna_from_cydonia on May 13, 2014, 02:19:15 PM

Quote from: TalkTalk on May 14, 2014, 02:26:21 AM

Hi again community,
I am very glad to inform you that GHash.IO are very good guys and have refund me the 2.8 btc.

This is the CEX.IO support answer:

Quote

Hi btcxchg,

I'm glad to inform you that your issue has been successfully resolved.

Please provide us with your BTC wallet address and we'll send you your funds.

I'll be waiting for your reply. Thank you for your request.

You can look the refund in the same address from where it was the sent
https://blockchain.info/address/1MtGNGScWBTT4SVi2rKf9v9846PmYd57Qv

Thanks a lot to all for your support!

Looks like CEX.IO is improving its reputation day by day.
Congratulations with your coins!

Twist:

What you have just witnessed is a clever PR stunt which is now on the Hot page of /r/Bitcoin.

http://www.reddit.com/r/Bitcoin/comments/25gta1/28_btc_transaction_fee_paid_refunded_by_ghashio/

Thanks for playing along everybody!

Where does it say anything about this being a scam PR stunt? And is there any evidence for this or are people just being unjustifiably cynical?

Chrithu

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Merit: 100

Quote from: SecureErase on May 13, 2014, 09:40:19 PM

In a wider context this is an interesting issue for how cryptocurrency transactions work relative to FIAT and how the openness of the procedure allows a whole audience to witness an issue like this get raised and then resolved.

So GHASH have paid for the error with their own BTC?

Apparantly yes, because they did not take anything from my balance. But who knows. It'd be tedious to watch and verify every single transaction made on the platform thereafter. It would be fairly easy to sneak in an extra satoshi of fee in every transaction and this way get the 2.8 BTC back.

And in the end I do not care. If it would have been possible (due to my VERY small mining and the height of transaction fee it wasn't practically doable) I would have given back my part of the 2.8 BTC freely.

TalkTalk

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Activity: 38

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Quote from: SecureErase on May 13, 2014, 09:40:19 PM

In a wider context this is an interesting issue for how cryptocurrency transactions work relative to FIAT and how the openness of the procedure allows a whole audience to witness an issue like this get raised and then resolved.

So GHASH have paid for the error with their own BTC?

Peter R

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Activity: 1162

Merit: 1007

Hi again community,
I am very glad to inform you that GHash.IO are very good guys and have refund me the 2.8 btc.

This is the CEX.IO support answer:

Quote

Hi btcxchg,

I'm glad to inform you that your issue has been successfully resolved.

Please provide us with your BTC wallet address and we'll send you your funds.

I'll be waiting for your reply. Thank you for your request.

You can look the refund in the same address from where it was the sent
https://blockchain.info/address/1MtGNGScWBTT4SVi2rKf9v9846PmYd57Qv

Thanks a lot to all for your support!

Wow, this is really good news. I'm very glad it worked out for you (and a bit surprised too because I think GHash.io would have paid at least partially out of pocket here).

I love blockchain.info, but I think that one should have to enter some "Advanced User" section that is annoying to get to for the wallet to *ever* sign transactions with such astronomical fees.

OhMyCoin

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Long live Bitcoin.

nice one ghash, lucky man btcxchg

SecureErase

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Activity: 83

Merit: 10

Quote from: grahvity on May 13, 2014, 04:42:43 PM

Hi again community,
I am very glad to inform you that GHash.IO are very good guys and have refund me the 2.8 btc.

This is the CEX.IO support answer:

Quote

Hi btcxchg,

I'm glad to inform you that your issue has been successfully resolved.

Please provide us with your BTC wallet address and we'll send you your funds.

I'll be waiting for your reply. Thank you for your request.

You can look the refund in the same address from where it was the sent
https://blockchain.info/address/1MtGNGScWBTT4SVi2rKf9v9846PmYd57Qv

Thanks a lot to all for your support!

That is great news, and something ghash didn't have to do (disclaimer: I mine there and have positive experience). I haven't used blockchain wallet before and I don't know how the fee / transfer fields are set up or how big the "WARNING' messages are, but perhaps as part of this whole episode you should inform blockchain of the incident so that they can consider if their interface needs any adjusting.

In a wider context this is an interesting issue for how cryptocurrency transactions work relative to FIAT and how the openness of the procedure allows a whole audience to witness an issue like this get raised and then resolved.

btcxchg

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Activity: 15

Merit: 0

Quote from: luna_from_cydonia on May 13, 2014, 02:19:15 PM

Quote from: luna_from_cydonia on May 13, 2014, 02:19:15 PM

Hi again community,
I am very glad to inform you that GHash.IO are very good guys and have refund me the 2.8 btc.

This is the CEX.IO support answer:

Quote

Hi btcxchg,

I'm glad to inform you that your issue has been successfully resolved.

Please provide us with your BTC wallet address and we'll send you your funds.

I'll be waiting for your reply. Thank you for your request.

You can look the refund in the same address from where it was the sent
https://blockchain.info/address/1MtGNGScWBTT4SVi2rKf9v9846PmYd57Qv

Thanks a lot to all for your support!

Looks like CEX.IO is improving its reputation day by day.
Congratulations with your coins!

Twist:

What you have just witnessed is a clever PR stunt which is now on the Hot page of /r/Bitcoin.

http://www.reddit.com/r/Bitcoin/comments/25gta1/28_btc_transaction_fee_paid_refunded_by_ghashio/

Thanks for playing along everybody!

I would post that link for either a good or bad resolution of the ticket.

It is upon them to use that to positive or negative PR.

Overall, I think it will be a very useful warning about a possible mistake that it is no so common for most of the bitcoin users.

grahvity

full member

Activity: 150

Merit: 100

Hi again community,
I am very glad to inform you that GHash.IO are very good guys and have refund me the 2.8 btc.

This is the CEX.IO support answer:

Quote

Hi btcxchg,

I'm glad to inform you that your issue has been successfully resolved.

Please provide us with your BTC wallet address and we'll send you your funds.

I'll be waiting for your reply. Thank you for your request.

You can look the refund in the same address from where it was the sent
https://blockchain.info/address/1MtGNGScWBTT4SVi2rKf9v9846PmYd57Qv

Thanks a lot to all for your support!

Looks like CEX.IO is improving its reputation day by day.
Congratulations with your coins!

Twist:

What you have just witnessed is a clever PR stunt which is now on the Hot page of /r/Bitcoin.

http://www.reddit.com/r/Bitcoin/comments/25gta1/28_btc_transaction_fee_paid_refunded_by_ghashio/

Thanks for playing along everybody!

luna_from_cydonia

newbie

Activity: 6

Merit: 0