Another mistake in Bitcoin fees? - page 3.

livingfree

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Quote from: electronicash on November 18, 2020, 06:38:26 PM

i don't think it will be returned. even solo miner will not return it. not even a pool.

I don't think so too.

Whoever made that transaction don't look at the customization of the fee and didn't check the options, amount and size of his transaction. If this was made by an exchange, it isn't that much for them.

But if this was made by an individual, that sucks! a lot of money was wasted due to the fees. I remember the same thing that have made mistake but it's with Ethereum.

aesma

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750 addresses to one, this is a consolidation of transactions. It has to be an exchange wallet otherwise it would be horrible for privacy. It's probably run by a script, and a bug happened.

Joel_Jantsen

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Quote from: ?? on ??

This is really scary! that's why I didn't manually construct the transaction fees, I always try to use auto generated fees, just manually set high-low-medium option.
Hope a nice honest miner will refund this mistaken money to the owner. Cry

You can't do that in other wallets. Most of the online wallets have that option which I believe is bad because you also end up paying much higher/lower fees than the expected transaction fees depending on the network traffic. Always use a transaction fees calculator and pay accordingly. The above case looks like the sender didn't understand the conversion of sats/per-byte while calculating the fees.

electronicash

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i don't think it will be returned. even solo miner will not return it. not even a pool.

they wasted energy to keep mining transactions, they continue to do so when BTC price submerge that they hardly can't pay bills. this is just one instance that miners will have to breath good air that they at least get an amount they like. feel sorry for whoever made that mistake though.

Vaskiy

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Quote from: ?? on ??

Quote from: AhmadM on November 18, 2020, 03:48:22 PM

As of today looks like someone has just made another mistake on sending his/her Bitcoin, s/he has apparently paid around 2.66BTC ($47) in fees.
~

There will be $47K

This is really scary! that's why I didn't manually construct the transaction fees, I always try to use auto generated fees, just manually set high-low-medium option.
Hope a nice honest miner will refund this mistaken money to the owner. Cry

He is one among the luckiest miner. Yeah, lets hope for the refund from the miner. We don't know for what purpose the fund is being transferred. Maybe this could be the users saving for a much longer time period. Whomsoever, it is a learning that we must always cross check the receiver bitcoin address, quoted transaction fee and transaction amount before making the transaction.

eaLiTy

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Quote from: oktana on November 18, 2020, 06:01:19 PM

But even with that, Bitcoin transaction fees are still on the high side. This is one of the downsides of transacting with bitcoin(at the moment).

The BTCitcoin transaction fees are high but most of the time if you have the patience you can send with lower fees and i was able to sent with just 17 SAT/B and it got confirmed within half an hour. Sure there are times the mempool is full but sometimes it comes down drastically as well.

Quote from: oktana on November 18, 2020, 06:01:19 PM

Edit: I just looked it up on the blockchain and, if the person is kind hearted, he may return it. However, humans are naturally greedy. My solicitude to the owner.

You can hope that the miner will return a portion and i remember a similar instance in the past where the miner returned a percentage if i remember correctly.

oktana

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Quote from: ?? on ??

This is really scary! that's why I didn't manually construct the transaction fees, I always try to use auto generated fees, just manually set high-low-medium option.

But even with that, Bitcoin transaction fees are still on the high side. This is one of the downsides of transacting with bitcoin(at the moment).

Quote

Hope a nice honest miner will refund this mistaken money to the owner. Cry

And do you really think that can happen? I guess never.

Edit: I just looked it up on the blockchain and, if the person is kind hearted, he may return it. However, humans are naturally greedy. My solicitude to the owner.

AhmadM

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Quote from: Lanatsa on November 18, 2020, 03:59:33 PM

Basing up into those input address I do presume its an exchange wallet because its impossible for it to be owned by a single person having 700+ address which had transferred

Hmm that makes sense, I didn't realize it has lots amount of input address before you point it out (just doing a quick shoot on that crazy fees) and as you said it seemingly impossible for those addresses to be owned by a personal wallet.

Quote from: ?? on ??

Hope a nice honest miner will refund this mistaken money to the owner. Cry

Quote from: J1mb0 on November 18, 2020, 04:44:22 PM

Although it is difficult, I still hope this money will be returned.

Somehow I doubting that it will be returned Roll Eyes

J1mb0

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It seems to be an exchange wallet and someone has made an unforgivable mistake. This is probably a lesson for everyone when doing manipulations in the cryptocurrency market, it's best to always check before agreeing.
Although it is difficult, I still hope this money will be returned.

BayAreaCoins

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Probably just someone paying what the Bitcoin wallet "estimates". Wink

Lanatsa

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Quote from: AhmadM on November 18, 2020, 03:48:22 PM

As of today looks like someone has just made another mistake on sending his/her Bitcoin, s/he has apparently paid around 2.66BTC ($47) in fees to send a 0.01088549BTC ($194) transaction.

Txid

Code:

3ba0c9eaf3185898164518cda7e3433d1d2049188d737f2b2a7e188aaeb8b4de

Holy cow!

Basing up into those input address I do presume its an exchange wallet because its impossible for it to be owned by a single person having 700+ address which had transferred

0.01 btc to a certain address and giving out that $47k total in fees.Miners are really that lucky eh? Mistakes like these do happen due to human error.

Its just odd that exchange doesn't have that automated system on processing transactions?

AhmadM

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As of today looks like someone has just made another mistake on sending his/her Bitcoin, s/he has apparently paid around 2.66BTC ($47) in fees to send a 0.01088549BTC ($194) transaction.

Txid

Code:

3ba0c9eaf3185898164518cda7e3433d1d2049188d737f2b2a7e188aaeb8b4de

Sources:
[1] https://decrypt.co/48730/bitcoin-transaction-mistake-47k
[2] https://twitter.com/BtcBlockBot/status/1329073154581381130

Topic: Another mistake in Bitcoin fees? - page 3. (Read 597 times)