Topic: 291.2409 BTC for a 0.0001 BTC transaction . - page 7. (Read 9851 times)
Did Bitclub network get the entire amount of 291 Bitcoins in miner's fees or they got only a portion of it? If they return everything to the legitimate sender that would be amazing and a great example for the integrity of the Bitcoin community. Can anyone update us if there is something new as I can't check Twitter right now.
Someone probably made a mistake again. let's see if anyone pops up requesting miners to return the fee...
That's an insane mistake there. There's no chance that user would get the fee back, as pool users would never agree on such things.
Can't even imagine what i would do if it happened to me. This is one of faults of bitcoin imho..
Agreed. Manually adjusting fees should be on a separate screen from entering the transaction amount, with a confirm dialogue. Anything over a certain amount (such as 0.01 BTC) should receive multiple "Are you SURE???" warnings. Frankly, if I was authoring a wallet I'd simply disallow manual entry of fees that were above some level (such as 0.1 or 1.0 BTC) to prevent such a disaster. If someone actually had a need to send something with a huge fee let them seek out a special wallet/tool to do it, the rest of us should be immune to such catastrophic errors.
There is no way in hell I can foresee we would want to pay more than 1 BTC ever for confirming transaction.
I don't think that the amount will be returned. Not all the poeple are that kind :/. However, if someone does that, it will be another nice story to tell 
!
i heard bitclub network post that they look for the owner , but how to verification owner from a bitcoin address , sign message ? !
I think someone made a mistake tweaking the transaction fees on electrum. Hope the miner returns him at least 40% of his shares.
F2Pool did that another time.
I don't think that the amount will be returned. Not all the poeple are that kind :/. However, if someone does that, it will be another nice story to tell !
!F2Pool did that another time.
I don't think that the amount will be returned. Not all the poeple are that kind :/. However, if someone does that, it will be another nice story to tell !
!
Its better not a mistake, 
--snip--
And how did we know who is the real owner ?
Anyone can say it was their lost money
You could send the money back from the address that was used to create the input, or you could ask the one claiming he owns the money to sign a message with the address used for creating the transaction.And how did we know who is the real owner ?
Anyone can say it was their lost money
In this case, send it back to 1QgTYzMYqStzZBQx8gguYaJQMjFRbagbh or ask if somebody can sign a message like
"i request the bitcoins that were used as a fee in transaction cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d to be returned to 1myaddress123456789, the pool could keep 20% as a finders fee" with 1QgTYzMYqStzZBQx8gguYaJQMjFRbagbh
Mined by Bitclub network (haven't heard of them until now).
https://twitter.com/aantonop/status/725042693500346368
On the bright sight, TX got confirmed pretty quickly.
Twitter deleted https://twitter.com/aantonop/status/725042693500346368
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Hey @BitClub_Network. Will you do the right thing? The entire community is watching. Your chance to demonstrate your principles
On the bright sight, TX got confirmed pretty quickly.
Anyone got a backup copy of it somewhere ?
this is shit,,,can you tell me the reason why this transaction can made?who is address owner?this is the first time i see transaction that fee are larger than amount transacted 
Probably just accident, it can happen even if it was an absurd one There has been a few mistakes where people set fee higher than the coins itself, I think there's another case few months ago where someone set 2BTC as a fee, but this is a new all time high for a mistake (Considering if it was a mistake and not some kind of shady operations)
https://twitter.com/sysmannet/status/725106560662380544
Genuine mistake or risky PR stunt? We may never know.
Anyone can say it was their lost money
this is shit,,,can you tell me the reason why this transaction can made?who is address owner?this is the first time i see transaction that fee are larger than amount transacted
It's just a way to launder coins.
and just how do you know which miner is going to hit the block?Send directly to the miner and the others will see it only after the block is mined.
It appears that BitClub has the bitcoins, but how are they able to give it back?
Is the fee not divided for the miners and they already have withdrawn?
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Is the fee not divided for the miners and they already have withdrawn?
...
Good question. I guess they could return it if:
1) they mined it with their own hardware and not as a pool
2) pool members are not entitled to tx fees
Otherwise it would be ethically questionable whether they have a right to return the funds without asking their customers first (as they would be entitled to their portion of that fee).
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A more general question, where does the fee actually goes when I make a transaction, to the miner right? Then how is it possible to return the btc to the owner? Are the miner their account freezed and then the take back the fee and pay the owner?
Fees go to the miner. In case of the pool, it depends on operator whether mined bitcoins (and fees) are instantly distributed among members (and available for withdrawal) or not.
They said that they are able to return it, so they have the btc.
I don't know much about how mining works, so I am not sure how they will do it, although I hope that the owner of that funds will get it back.
So someone just made a mistake with putting the fee instead of the transaction amount or he bribes the mining pool. Rather shady stuff right here.
It appears that BitClub has the bitcoins, but how are they able to give it back?
Is the fee not divided for the miners and they already have withdrawn?
...
Is the fee not divided for the miners and they already have withdrawn?
...
Good question. I guess they could return it if:
1) they mined it with their own hardware and not as a pool
2) pool members are not entitled to tx fees
Otherwise it would be ethically questionable whether they have a right to return the funds without asking their customers first (as they would be entitled to their portion of that fee).
Quote
A more general question, where does the fee actually goes when I make a transaction, to the miner right? Then how is it possible to return the btc to the owner? Are the miner their account freezed and then the take back the fee and pay the owner?
Fees go to the miner. In case of the pool, it depends on operator whether mined bitcoins (and fees) are instantly distributed among members (and available for withdrawal) or not.
It appears that BitClub has the bitcoins, but how are they able to give it back?
Is the fee not divided for the miners and they already have withdrawn?
A more general question, where does the fee actually goes when I make a transaction, to the miner right? Then how is it possible to return the btc to the owner? Are the miner their account freezed and then the take back the fee and pay the owner?
Is the fee not divided for the miners and they already have withdrawn?
A more general question, where does the fee actually goes when I make a transaction, to the miner right? Then how is it possible to return the btc to the owner? Are the miner their account freezed and then the take back the fee and pay the owner?
my payment is confirmed in bitcoin. 
Mined by Bitclub network (haven't heard of them until now).
https://twitter.com/aantonop/status/725042693500346368
On the bright sight, TX got confirmed pretty quickly.
https://twitter.com/aantonop/status/725042693500346368
Quote
Hey @BitClub_Network. Will you do the right thing? The entire community is watching. Your chance to demonstrate your principles
On the bright sight, TX got confirmed pretty quickly.
I can't view twitter. Does this mean the sender has identified themselves? Or is someone just asking them pre-emptively to refund the TX on the presumption (probably a safe one) that it's an error?
It's just Andreas Antonopoulos putting pressure on BitClub Network to return the money if the sender identifies himself and ask for it.
2 further tweets
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@Itsjoeco Someone seems to have accidentally paid 300BTC in fees. @BitClub_Network could refund, if the originator asks for help fixing this
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@Itsjoeco Of course @BitClub_Network is under no obligation to do anything. Caveat emptor and all. But it's a great chance to do good.
Little update. BitClub network officially confirmed that they'll return funds to the unlucky sender, if he asks for it.
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@aantonop @Itsjoeco @BitClub_Network - BitClub network officially confirm - they ready to return founds to verified owner.
https://twitter.com/sysmannet/status/725106560662380544Genuine mistake or risky PR stunt? We may never know.
First of the guy was lucky enough to have 291.2409 BTC. Yes he lost it probably but how much more he has nobody knows, I think - a lot. So I think the guy has much more coins than many of us combined and shouldn't think about him as of a "poor guy".
Wow?? how lucky that guy is really?? dang it.
It happened before:
https://blockchain.info/charts/transaction-fees?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
It looks like in bitcoin's history, it happend between 5-10 times, unless there's an other explanation of having so much fees...
https://blockchain.info/charts/transaction-fees?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
It looks like in bitcoin's history, it happend between 5-10 times, unless there's an other explanation of having so much fees...
It's just a way to launder coins.
and just how do you know which miner is going to hit the block?Only send it to that single miner and hope no one fucked up keeping the TX secret. As QS said its still dangerous and might motivate miners to fork the chain in order to get the fee. The fee is worth ~11 blockrewards. If a miner notices this fast enough they could try an attack.
Someone probably made a mistake again. let's see if anyone pops up requesting miners to return the fee...
That's an insane mistake there. There's no chance that user would get the fee back, as pool users would never agree on such things.
Can't even imagine what i would do if it happened to me. This is one of faults of bitcoin imho..
Absolutely agree with this
Also agree. There have been a couple times I have come close to sending what I did not want to. I notice many places do not have a confirm window, popup, or whatever to make you look and click again before sending. It should be like the feature on gmail where you have 10 seconds to unsend
Use a better wallet. E.g. Electrum shows a pop up before you send the already signed(!) TX. Not by default but it can be set if you are the kind of person that is likely to send 200 BTC as fee. Bitcoin core outright refuses to send TX with a fee over a certain amount. 0.1 BTC IIRC. Im sure many other wallets have protection against this as well.
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