Ethereum User Spends $9,500 in Fees Sending Just $120 - page 4.

plr

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Quote from: bitbollo on November 09, 2020, 05:18:38 AM

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?

It's a gross error did he not see the transactions cost that is going to happen when sending the token, I am aware of this since the beginning because I am very particular in the transactions gas, I think we should be aware of it always stop look and looked if you are the seeing the right transaction fee, I don't think they are going to return the token, they already said in the past that they are not going to entertain anymore request.

Rodeo02

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Quote from: pungopete468 on November 09, 2020, 06:25:37 AM

This is the first time hearing such news that was really a huge amount I was wondering if he will be able to take it back, I think not isn't? But it is not his fault that the fee was like that and me myself won't expect that amount still I think he should really check first all the details before confirming the transaction.

There are many mistake happen in eth platform and this one is not the biggest lost for now .

You can read two large fees transaction use in two different wallet worth 2.6$ million for fees https://decrypt.co/31956/an-ethereum-user-lost-5-2-million-in-two-massive-mistakes?amp=1.

There are argument that this can be not an accident but a way to launder eth using fees .

Can get their money back? In most cases not, miners can freeze the eth or give it back to the rightful owner depend on the miners.

Nivia1st

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after I read, it's a user error. the miner has no obligation to pay it back. This problem was caused because he entered the amount of gas manually. if he could have been more thorough before making the transaction this might never have happened. Moreover, before the transaction is made, there is always a notification explaining all the details of the transaction starting from the amount to be sent, GAS and GWEI.

TastyChillySauce00

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It looks like this guy was having a problem with metamask. he will not get back his money as it will be distributed to all of miners. That's why I'm using MEW addon to connect to the uniswap rather than metamask. Im always getting a notification before try to create a tx on uniswap.

It looks like people didn't learn from the past experience that happened with others. That guy should try to be cautious with what he was doing before. This case reminds me of someone who has paid million dollars for the fees

Asuspawer09

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This transaction is ridiculous, and at the same time with a hundred plus amount of transaction, the fee should automatically change with a fee error detecting too much.

But we can't really blame the system since the error is from the user himself with a typo error. It's a big loss and hopefully or somehow Metamask will refund at least a small percentage of it.

https://etherscan.io/tx/0x5641c38bf30fd19ad3332100762017573ee676f35250dcf4a976bb0cfe31ac2f

concept2

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This has happened for several year. Though, people do not learn from the previous mistake. It is because of mistyping which leads to this exorbitant problem. I can not judge either the sender or the miners. There is nothing wrong when the pool decides to keep those amount of ethereum and reward miners

Using cryptocurrency is harder than anyone can imagine. 6ou have to responsible for your mistake. And sometimes, you can not even afford your own mistake which are extremelt enormous. Therefore, remember to carefully check everything before proceeding your transaction

durilup

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Do you think that guy set his gas correctly before sending that $120 ? I think there should not be any ethereum blockchain errors . I have never heard about them knowing the fact ethereum is in the market since 2016

bitbollo

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Quote from: aysha9853 on November 09, 2020, 06:40:12 AM

only less careful than the sender, even though events like this sometimes happen but we have to be more careful and careful in sending tokens / coins, we have to double-check the sending costs so that they don't happen in the future for us, just make it a lesson

lol this is what I can define as "expensive" lesson

by the way, each time I should send a tx I check very carefully amount to be sent, receiver address, sending address/wallet and last but not least Wink

taxen fees to be used. I think this is one of worst error to commit while sending out a tx...

aysha9853

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only less careful than the sender, even though events like this sometimes happen but we have to be more careful and careful in sending tokens / coins, we have to double-check the sending costs so that they don't happen in the future for us, just make it a lesson

ecnalubma

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This is a possible consequence when you rush things in Ethereum network, users should always keep an eye on fees because transactions are irreversible. I think with the proper communication with the pool miner there is a slight posibility that they will refund the fees it just have to undergo process that is if the company cares about it.

pungopete468

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This is the first time hearing such news that was really a huge amount I was wondering if he will be able to take it back, I think not isn't? But it is not his fault that the fee was like that and me myself won't expect that amount still I think he should really check first all the details before confirming the transaction.

BIN-BIN

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Quote from: Princejebs on November 09, 2020, 05:29:03 AM

I'm not a fan of uniswap because of their exorbitant fees when swapping tokens. I don't even know the last time i used Metamask, perhaps I should say I wasn't really interested in DeFi's.
I have always allow my trust wallet do the magic and set the gas fee for my transaction since I know that even if it charges more than required, it will return the rest gas to my wallet after work done( transaction confirmation).
I hope the pool miners pity him and return the fee but I doubt since they already warn not to return fees after the June saga transaction fee of 5.2 million dollars.

Very unfortunate for him to have lose such huge amount of money in sending such a small amount, the ethererum network congestion and error have been for a while and so many users have been victims and I think with the coming of the 2.0 protocol soon to be release such error will not be witness.

bakasabo

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That is why people should always double or triple check how they filled the transaction form and never do transactions in a rush.
I dont understand why people rush so much to do a transaction. Everything still depends on the network, so why fill all the transaction fields in a hurry. That will be an expensive lesson for him.

You how Russians, "haste is appropriate for diarrhea only" Wink

covfefe_

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This is not the first one and probably won't be the last. People are not learning from others mistake and with some people earning easy money with crypto, they have became carefree on what they are doing. It could be a misfortune for the sender but it's also a lesson hard learned. People should always check out their sending address and the amount and fees they are paying. If you are not confident about the fees, don't change the default values.

cryptoaddictchie

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Quote from: bitbollo on November 09, 2020, 05:18:38 AM

What you think about these errors? What did you think about miners that decide to keep this fees?

Actually the miner has no responsibility to return it. It was the error of the sender probably rushing to set his high gas on a wrong field. Probably this is a degen player whom made a huge mistake during gas war on presale.

This mistake wont happened if the sender isnt rushing. What more could be the reason on this right? Ive been staying on degen play within shitcoin on uniswap and I could say that these people are really spending much on gas in order to execute or to beat front end orders. Well too bad he made a really big mistake. But I will be glad if the miner would return it.

Kvalentine

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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

Princejebs

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I'm not a fan of uniswap because of their exorbitant fees when swapping tokens. I don't even know the last time i used Metamask, perhaps I should say I wasn't really interested in DeFi's.
I have always allow my trust wallet do the magic and set the gas fee for my transaction since I know that even if it charges more than required, it will return the rest gas to my wallet after work done( transaction confirmation).
I hope the pool miners pity him and return the fee but I doubt since they already warn not to return fees after the June saga transaction fee of 5.2 million dollars.

bitbollo

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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?

Topic: Ethereum User Spends $9,500 in Fees Sending Just $120 - page 4. (Read 873 times)