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Topic: 291.2409 BTC for a 0.0001 BTC transaction . - page 8. (Read 9851 times)

legendary
Activity: 1946
Merit: 1137
why are some of you guys are insisting on wallet, i seriously doubt that it is a human error by putting the wrong amount in wrong box, amount to send and fee are two clearly different textboxes in all the wallets so he has to be brain dead or drunk to make such a mistake. this is script f88k up
hero member
Activity: 658
Merit: 500
I also think, that the fee was just mistake and not just ordinary saving on transfer fee.  Wink
sr. member
Activity: 476
Merit: 250
legendary
Activity: 1344
Merit: 1000

someone not good at numbers

its obvious mix up of  tx input

the wallets should have max tx limit to prevent this

also option to set  max amount to send aswell
hero member
Activity: 756
Merit: 500
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..
Wallets should have many failsafes to keep this from happening.

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  Grin
legendary
Activity: 1708
Merit: 1036
For those who missed it:

http://www.coindesk.com/accidental-136000-bitcoin-mining-pool/

Lost $136,000 in Bitcoin? This Mining Pool is Looking for You
sr. member
Activity: 254
Merit: 1258
It's just a way to launder coins.
and just how do you know which miner is going to hit the block?
legendary
Activity: 3472
Merit: 10611
another fee disaster. whenever i see something like this only two possibilities come to my mind that i think can be the case here two. it is either a code that has made this huge mistake because of a bug or it is someone bribing the mining pool this way.

It's just a way to launder coins.
and just how do you know which miner is going to hit the block?

i may be wrong but you can send it directly to the miners like what eligius does and they will include it in their blocks.
legendary
Activity: 1862
Merit: 1046
What happen wow, 249 btc the fee is almost 0.0001 damn how it happen what is the explanations here,, wow.. Im shocked about this..
Do you think what happen why the fee is 0.0001?
Could be someone mistyped or mis-clicked something and it ended up switching the two values.

Whoever it was really fucked up, and I feel sorry for him, because that's something like $112k lost as a fee.

I was also shocked with this, but I wonder is it happening twice a transaction. whether he would make a mistake a second time Huh
full member
Activity: 140
Merit: 100
The man who recieves is a luckiest man in bitcoin history! I think he would be a millionare now, Very lucky guy
legendary
Activity: 1106
Merit: 1005
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..
Wallets should have many failsafes to keep this from happening.

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.

or maybe when the fee is a certain % of the transaction it will just refuse the transaction (you can adjust this option in your profile n same advanced settings maybe).
member
Activity: 84
Merit: 10

wow, if these coins are returned, my faith in humanity would be restored.
legendary
Activity: 2142
Merit: 1010
Newbie
It's just a way to launder coins.
full member
Activity: 152
Merit: 100
Please return the fee to a BTC address of mine Cheesy Grin
Of course, sign a message to prove the ownership and it is all yours.
hero member
Activity: 490
Merit: 520
What happen wow, 249 btc the fee is almost 0.0001 damn how it happen what is the explanations here,, wow.. Im shocked about this..
Do you think what happen why the fee is 0.0001?
Could be someone mistyped or mis-clicked something and it ended up switching the two values.

Whoever it was really fucked up, and I feel sorry for him, because that's something like $112k lost as a fee.
copper member
Activity: 2996
Merit: 2374
Was it human error or a deliberate transaction? I can't figure out what the reason behind that may be  Huh
I would say that more likely then not the transaction was a mistake and that the sender meant to pay a 0.0001BTC transaction fee and send 291.2409BTC to the address that ended up receiving 0.0001BTC.

It is possible that the sender had some kind of agreement with the mining pool that included the transaction in their block, in that the sender would send a transaction that has a very large tx fee that the pool would confirm and then the pool would subsequently send an equivalent amount of btc (minus some fee) to the address of the sender's choice. This would allow the sender to have increased privacy and for the pool to have some extra income. There would be the risk of the transaction being public once the block is found and that the found block getting orphaned, potentially causing another mining pool to collect those tx fees. Regardless I do not believe that this is the case here because blockchain.info's node appears to have seen the transaction ~2 minutes before it was confirmed into a block, meaning that it was "luck" that this particular pool included this transaction into their block.
hero member
Activity: 798
Merit: 500
What happen wow, 249 btc the fee is almost 0.0001 damn how it happen what is the explanations here,, wow.. Im shocked about this..
Do you think what happen why the fee is 0.0001?
legendary
Activity: 1778
Merit: 1043
#Free market
Mined by Bitclub network (haven't heard of them until now).

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?






https://bitclubpool.com/index.php?p=stats
sr. member
Activity: 254
Merit: 1258
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..
Wallets should have many failsafes to keep this from happening.

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.
Definitely agree, this happens far too often, I was thinking a phrase would need to be typed "I am sure I am spending "X" amount of bitcoins as a fee and not a transaction." when over .2 btc or something along that lines, but specialized wallets for high fee would be a good idea as well, the common man does not need the option to send 200btc as a fee.
legendary
Activity: 2436
Merit: 1561
Mined by Bitclub network (haven't heard of them until now).

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

Quote
@Itsjoeco Someone seems to have accidentally paid 300BTC in fees. @BitClub_Network could refund, if the originator asks for help fixing this

Quote
@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.
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