Author

Topic: Large BTC Transactions! (Read 1401 times)

legendary
Activity: 2170
Merit: 1427
December 11, 2014, 07:59:04 PM
#15
But I agree, supporting the network with only 0.0001 fee won't make them lose a lot  Cheesy

True, but the 100-mike (0.0001-BTC) fee will also not support the network much, nor does it cost the miner much to include the transaction.

These "huge" transactions don't take up any more resources than simple transactions of far smaller amounts.  The lion's share of the costs are borne by the sender in the form of risk as they may send to the wrong address or reveal sensitive information while creating/signing/broadcasting the transaction.

Just one 0.0001 fee won't do much, that's right.

If a block contains 1000+ transactions, the fees can add up and form a decent amount.

For example, block 333920 has 1071 transactions. Total generated fee amount is 0.17766577 BTC
legendary
Activity: 1246
Merit: 1011
December 11, 2014, 03:24:12 PM
#14
But I agree, supporting the network with only 0.0001 fee won't make them lose a lot  Cheesy

True, but the 100-mike (0.0001-BTC) fee will also not support the network much, nor does it cost the miner much to include the transaction.

These "huge" transactions don't take up any more resources than simple transactions of far smaller amounts.  The lion's share of the costs are borne by the sender in the form of risk as they may send to the wrong address or reveal sensitive information while creating/signing/broadcasting the transaction.
legendary
Activity: 3808
Merit: 1723
December 11, 2014, 09:56:30 AM
#13
Those large transaction are probably webmasters or pool operators who use cold storage.
legendary
Activity: 2170
Merit: 1427
December 11, 2014, 08:14:30 AM
#12
This one is a little bigger and with no fee!
Amount: $422.528.32
Fee: $0.00
Tx: https://blockchain.info/tx/dfc6b2b3a4906703635f3c8239182aace3ef2aa2e348526488e05a8b1fac56c5

Why someone with such giant amount to move put no tax in the transaction Huh

It kinda of makes no sense Huh

There is a difference between transaction fee and tax.
Taxes are charged only by the government, not bitcoin miners.

I'm sure he meant fee and not tax.

Mostly these huge transactions have enough priority to be sent without fee.

But I agree, supporting the network with only 0.0001 fee won't make them lose a lot  Cheesy
legendary
Activity: 1582
Merit: 1064
December 10, 2014, 10:46:07 PM
#11
This one is a little bigger and with no fee!
Amount: $422.528.32
Fee: $0.00
Tx: https://blockchain.info/tx/dfc6b2b3a4906703635f3c8239182aace3ef2aa2e348526488e05a8b1fac56c5

Why someone with such giant amount to move put no tax in the transaction Huh

It kinda of makes no sense Huh

There is a difference between transaction fee and tax.
Taxes are charged only by the government, not bitcoin miners.
sr. member
Activity: 406
Merit: 250
December 10, 2014, 06:56:11 AM
#10
Why someone with such giant amount to move put no tax in the transaction Huh
It kinda of makes no sense Huh

We only pay tax if we have to.
newbie
Activity: 1
Merit: 0
December 10, 2014, 04:22:24 AM
#9
It is one of the largest transactions in bitcoin's history, by far the largest under bitcoin's recent high prices, and represents 1.6% of all bitcoins now in circulation.
legendary
Activity: 1596
Merit: 1000
December 10, 2014, 02:45:36 AM
#8
This one is a little bigger and with no fee!
Amount: $422.528.32
Fee: $0.00
Tx: https://blockchain.info/tx/dfc6b2b3a4906703635f3c8239182aace3ef2aa2e348526488e05a8b1fac56c5
The guys don't even want to spare one penny to reward the miner who included his huge transaction to the mined block. Any one can take advantage of this free network.   
legendary
Activity: 918
Merit: 1000
December 10, 2014, 01:51:21 AM
#7
91.000.000 USD.Good figure. Grin
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
December 10, 2014, 01:10:10 AM
#6
$200,000 transactions aren't too uncommon to see on the blockchain

It's the multi-million dollar ones that get me excited!
Your right, I see that now.
Maybe i should have started off with my 3rd post, the 91 million dollar transaction.
legendary
Activity: 1218
Merit: 1000
December 10, 2014, 01:07:04 AM
#5
$200,000 transactions aren't too uncommon to see on the blockchain

It's the multi-million dollar ones that get me excited!
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
December 09, 2014, 11:44:18 PM
#4
Wow it's a day for big transactions today.
Amount: $91.713.275.34  Yes that is 91 million dollars.
Fee: $0.04
Tx: https://blockchain.info/tx/9d25b5eaa65de602fe6a11ba9db83f3b1105899b12664f3302a5ccf1cff955d8
legendary
Activity: 1834
Merit: 1009
December 09, 2014, 10:23:43 PM
#3
This one is a little bigger and with no fee!
Amount: $422.528.32
Fee: $0.00
Tx: https://blockchain.info/tx/dfc6b2b3a4906703635f3c8239182aace3ef2aa2e348526488e05a8b1fac56c5

Why someone with such giant amount to move put no tax in the transaction Huh

It kinda of makes no sense Huh
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
December 09, 2014, 10:22:19 PM
#2
This one is a little bigger and with no fee!
Amount: $422.528.32
Fee: $0.00
Tx: https://blockchain.info/tx/dfc6b2b3a4906703635f3c8239182aace3ef2aa2e348526488e05a8b1fac56c5
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
December 09, 2014, 10:20:35 PM
#1
I always love seeing someone post huge bitcoin transactions that they have seen on the blockchain, since i haven't seen one i thought it's time to start a thread on this.
Please post any large BTC transactions that you see in this format;

Amount:
Fee:
Tx:

Only small but I will start it off with these two:
Amount: $222.652.17
Fee: $0.04
Tx: https://blockchain.info/tx/19bd1754861fe6cd353072ae5ce36b4d63889b01e980fa3dae2468ceef3e85ca

Amount:$251.655.92
Fee: $0.04
Tx: https://blockchain.info/tx/409ca73476115f94bb821992c3de6cc1e0edd68818a3f604a86066aa46c78eac
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