If he realized he'd incur such high fees from shipping as little as $120, then clearly he wouldn't make the delivery and check for what went wrong. If he still makes deliveries, then obviously, it is his own negligence because he does not pay attention to the fees that are spent. The difference in fees and the amount of delivery is so far different that I think there may be carelessness there or a lack of precision, and there is nothing to maintain for such high fees and repairs should be done immediately.
That’s right since you need to confirm the transaction first before you proceed and you’ll see there the amount of the fees, though this error is very strange to me and alarming. Every time the market pump the fees are also increasing, hopefully they can work with this one as well and add this one to the ETH 2.0 update. 
Topic: Ethereum User Spends $9,500 in Fees Sending Just $120 (Read 873 times)
Often this used to take place with bitcoin transaction. This time it has taken place with the ethereum transaction. The mistake had made him loss his entire funds. He is pity, and has tried his best to reach ethermine and explain all that has happened. Hope he'll get the ethereum refunded. Whenever we make a transaction making going through each and every tab is good to avoid such mistakes. If I'm at his position now I could've got mad out of frustration.
I wish i know the explanation for such error. Maybe the sender was high on something because you can't just make a transaction without seeing the fee being charged. You even need to confirm your transaction hence that was the chance for the sender to see the error before the final button pressed. I guess that was his/her fate.
As weird as it may sound, this is a mistake anyone could make. There could be some kinda bug or just straight negligence. Better you always triple check your transaction fee and wallet address before completing any transaction.
If you will check the link provided by OP it is stated the explanation why this error was occured,As weird as it may sound, this is a mistake anyone could make. There could be some kinda bug or just straight negligence. Better you always triple check your transaction fee and wallet address before completing any transaction.
"According to a Nov. 4 post on Reddit, Proudbitcoiner said they accidentally typed in the wrong transaction fee, leading to a transfer of amounts nearly 80 times the size intended."
This error has been committed due to their end, they might not be able to check it twice or confirm the amount of transaction fee input before they do the transaction.
I wish i know the explanation for such error. Maybe the sender was high on something because you can't just make a transaction without seeing the fee being charged. You even need to confirm your transaction hence that was the chance for the sender to see the error before the final button pressed. I guess that was his/her fate.
As weird as it may sound, this is a mistake anyone could make. There could be some kinda bug or just straight negligence. Better you always triple check your transaction fee and wallet address before completing any transaction.
As weird as it may sound, this is a mistake anyone could make. There could be some kinda bug or just straight negligence. Better you always triple check your transaction fee and wallet address before completing any transaction.
Another fees error has been registered on ethereum blockchain. According to this news from bitcoin.com
https://news.bitcoin.com/ethereum-user-spends-9500-in-fees-sending-just-120-in-an-error-to-forget/
A guy from reddit has declared to have loss around 10K USD just for a fee error, sending around 80x times more the right amount.
What you think about these errors? What did you think about miners that decide to keep this fees?
https://news.bitcoin.com/ethereum-user-spends-9500-in-fees-sending-just-120-in-an-error-to-forget/
A guy from reddit has declared to have loss around 10K USD just for a fee error, sending around 80x times more the right amount.
What you think about these errors? What did you think about miners that decide to keep this fees?
I am quite puzzled how it happened and where the error came from, is the user has made a mistake or the problem is in the ethereum blockchain itself. It will be good if the miners will decide to refund the fee as it is the right thing to do especially if they know that the error is not coming from the user itself.
But upon reading what really happened, I guess the fault is coming from the user so I am not so sure if he can still get the money that he lost in his error. We should be very careful especially if we want to change the gas price manually because a single mistake will cost us a lot the same to what happened to "Proudbitcoiner". I will just hope that he can still get the money back even if he has a very less chance in doing it.
I don't know exactly but maybe because Ethereum 2.0 gives an impact on ethereum network including gas fees it makes such an error. With this error, people are not able to transact because they don't have the amount. For me this case is so simple, just waiting until the error is finished.
Ethereum 2.0 not even launched yet the staking process takes quite sometime and no it's not the blockchain system error most likely his own fault for maybe mistyping the fee needed. Also, I don't think the error in this case just gonna solve itself. He already spend that much of money to pay gas fee which means faster transaction confirmation and possibly losing it. Blockchain is irreversible and don't tolerate such mistake from the people who made transaction. Another fees error has been registered on ethereum blockchain. According to this news from bitcoin.com
https://news.bitcoin.com/ethereum-user-spends-9500-in-fees-sending-just-120-in-an-error-to-forget/
A guy from reddit has declared to have loss around 10K USD just for a fee error, sending around 80x times more the right amount.
What you think about these errors? What did you think about miners that decide to keep this fees?
https://news.bitcoin.com/ethereum-user-spends-9500-in-fees-sending-just-120-in-an-error-to-forget/
A guy from reddit has declared to have loss around 10K USD just for a fee error, sending around 80x times more the right amount.
What you think about these errors? What did you think about miners that decide to keep this fees?
well, this is what makes the Ethereum platform even more hated by users,
if their fees are always having problems and are always expensive, the Ethereum platform will obviously be abandoned,
and prefer another blockchain platform, I heard rumors, that Ethereum 2.0 will not be able to solve this problem.
You are posting without reading the thread content it's human error not of Ethereum platform, it was his negligence that this thing happen, he could have not proceed with the transaction if he is only mindful of the transaction, only two reason that I can think of, he is either drunk or he is doing something much more important than transacting, this is risky if it is one of these.
Another fees error has been registered on ethereum blockchain. According to this news from bitcoin.com
https://news.bitcoin.com/ethereum-user-spends-9500-in-fees-sending-just-120-in-an-error-to-forget/
A guy from reddit has declared to have loss around 10K USD just for a fee error, sending around 80x times more the right amount.
What you think about these errors? What did you think about miners that decide to keep this fees?
https://news.bitcoin.com/ethereum-user-spends-9500-in-fees-sending-just-120-in-an-error-to-forget/
A guy from reddit has declared to have loss around 10K USD just for a fee error, sending around 80x times more the right amount.
What you think about these errors? What did you think about miners that decide to keep this fees?
well, this is what makes the Ethereum platform even more hated by users,
if their fees are always having problems and are always expensive, the Ethereum platform will obviously be abandoned,
and prefer another blockchain platform, I heard rumors, that Ethereum 2.0 will not be able to solve this problem.
Pretty sure this kind of error only possible when they are using some kind of desktop wallet that didnt set the fee automatically or using some custom fee. If he sends eth from an exchange for example, this kind of mistake not gonna occur because the fee already set from the exchange.
This is why when people uses wallet like desktop wallet which gives user full control, they should know what they are doing and responsible for themselves and it's definitely human error as many people said and have nothing to do with eth blockchain or the current gas fee.
This is why when people uses wallet like desktop wallet which gives user full control, they should know what they are doing and responsible for themselves and it's definitely human error as many people said and have nothing to do with eth blockchain or the current gas fee.
This is probably an unfortunate incident, sometimes technology disappoints and it shows that sometimes any person may face this kind of bug on the current ethereum network. There is no big deal for a wealthy user to afford this kind of loss but a user who belongs to a middle class side will always feel regret hopefully after the upgrade of ethereum network nobody will face this kind of problem.
It's not a bug but a human error, it's negligence on his part I guess he is into something on the time that he is sending the funds because every time you are going to send a fund, there is a notification on the cost of the fee and the amount you are sending, I don't know how he bypasses that, he is too hurry to miss that, it's a big lesson for him and something to be careful for all of us that this thing can and actually happen.
This is probably an unfortunate incident, sometimes technology disappoints and it shows that sometimes any person may face this kind of bug on the current ethereum network. There is no big deal for a wealthy user to afford this kind of loss but a user who belongs to a middle class side will always feel regret hopefully after the upgrade of ethereum network nobody will face this kind of problem.
10-11.06.2020
Transaction Fee:10,668.73185 Ether ($2,613,945.99) Spark Pool
https://etherscan.io/tx/0xca8f8c315c8b6c48cee0675677b786d1babe726773829a588efa500b71cbdb65
Transaction Fee:10,668.73185 Ether ($2,613,945.99) Ethermine
https://etherscan.io/tx/0xc215b9356db58ce05412439f49a842f8a3abe6c1792ff8f2c3ee425c3501023c
Transaction Fee:10,668.73185 Ether ($2,613,945.99) Spark Pool
https://etherscan.io/tx/0xca8f8c315c8b6c48cee0675677b786d1babe726773829a588efa500b71cbdb65
Transaction Fee:10,668.73185 Ether ($2,613,945.99) Ethermine
https://etherscan.io/tx/0xc215b9356db58ce05412439f49a842f8a3abe6c1792ff8f2c3ee425c3501023c
12.06.2020
https://etherscan.io/tx/0xfd10c9a4507c4ebf1db9f71e05ba8ea09f3603c9012c24195d731a1fadfa14d9
Transaction Fee: 2,310 Ether ($547,770.30) F2Pool
https://etherscan.io/tx/0xfd10c9a4507c4ebf1db9f71e05ba8ea09f3603c9012c24195d731a1fadfa14d9
Transaction Fee: 2,310 Ether ($547,770.30) F2Pool
Interesting statistics:
1. Ethermine transferred the 100 % received ETH to the miners.
https://twitter.com/etherchain_org/status/1272425639673462784
2.F2pool transferred the 10 % received ETH to the miners, 90% returned back
https://blog.f2pool.com/en/announcement-en/handling-of-abnormal-eth-tx-en
3.Spark Pool transferred the 100 % received ETH to the miners.
https://twitter.com/sparkpool_eth/status/1272810004324601857
The question has already been raised many times why the Node software does not limit the size of the commission, so that users do not lose their money by mistake or in the event of hacker attacks on the service software.
In the DEFI ecosystem, you can see huge commissions, but this is due to the profit received and the fact that arbitrage opportunities are relevant for several blocks
I can only relate this to a novice act or error due to oversight at the time of transacting. It's a huge loss that will teach him a lifetime lesson.
This guy should be rewarded for showing this kind of error that can be expensive and maybe it was an execution error but crashing at high rates shows how flawed the system is. The system is not really obliged to reimburse, but it's clear that if there is a fault, that fault must be fixed. I believe Vitalik should see this article. Will we find this type of failure in the new consensus Eth 2.0? That is a question for to think about.
Well Crazy guy decided to give miners early Christmas gift I really dont know how someone as rich as this makes this kind of error I mean he must have done so many transactions to know how those things works Yet stupid mistake make you do that My advice dont get high close to a trade or transfer
First in their wallet have more than $9.5K equal to Ethereum, so this case can happen, And second, Did he not see clearly the transaction fee? I think we will crosscheck everything before making any transaction, especially for amount and transaction fee, so This case was purely human error
This isn't the first time that mistakes like this occurs in crypto space, I'm sure that the pool can do the right thing and refund the user, though I'm still confused about how the user managed to make such mistake, I've made such mistake on samourai wallet before, I don't know how that wallet was build, I tried sending 100$ and I had 110$ in the wallet and instead 10$ was sent using 100$ as the fee, since that time I ran away from samourai wallet
the frequency of this error should put it a matter of urgency for all platforms involves. There should be an automatic fee calculation base on the size of transacting token like on MEW but If anyone desire a high fee he can add that himself. The loss is enormous and should be reduced, we need a level of safety. This can happen to anyone, we cant be in a the same frame of mind every time And I know that because I do that all the time I prefer to know exactly how much I'm sending as a fee but this has the problem that if you confuse the fields of the fee and the amount you want to send as a transaction then something like this can happen to you.
already there were several news about big fees for transferring relatively small amounts of crypto. as I remember miners returned money to the users and in this case the situation may repeat itself.
This isn't the first time that mistakes like this occurs in crypto space, I'm sure that the pool can do the right thing and refund the user, though I'm still confused about how the user managed to make such mistake, I've made such mistake on samourai wallet before, I don't know how that wallet was build, I tried sending 100$ and I had 110$ in the wallet and instead 10$ was sent using 100$ as the fee, since that time I ran away from samourai wallet
the frequency of this error should put it a matter of urgency for all platforms involves. There should be an automatic fee calculation base on the size of transacting token like on MEW but If anyone desire a high fee he can add that himself. The loss is enormous and should be reduced, we need a level of safety. This can happen to anyone, we cant be in a the same frame of mind every time Another fees error has been registered on ethereum blockchain. According to this news from bitcoin.com
https://news.bitcoin.com/ethereum-user-spends-9500-in-fees-sending-just-120-in-an-error-to-forget/
A guy from reddit has declared to have loss around 10K USD just for a fee error, sending around 80x times more the right amount.
What you think about these errors? What did you think about miners that decide to keep this fees?
This is not the first and this os not going to be the last, compared to the errors from the past 10K doesn't look like big amounts. Its on the miner decision whether they will return or keep it themselves.https://news.bitcoin.com/ethereum-user-spends-9500-in-fees-sending-just-120-in-an-error-to-forget/
A guy from reddit has declared to have loss around 10K USD just for a fee error, sending around 80x times more the right amount.
What you think about these errors? What did you think about miners that decide to keep this fees?
When we see these kind of news then we will be caring little extra when we set the fee next time for the cryptocurrency transaction.
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