Ouch, today someone made a transaction with over $500k fee. - page 7.

pawel7777

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Quote from: philipma1957 on September 10, 2023, 04:57:15 PM

Assuming its a legit mistake only a major pool would fix this. A small pool would likely keep it.

If it was a pool, returning the fee could bring in some legal issues, as all fees/block rewards should be split between pool participants, and I can't imagine all of them would be happy to give up an unexpected extra income.

DVlog

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Tontogether | Save Smart & Win Big

Quote from: pawel7777 on September 10, 2023, 04:48:18 PM

The bitcoin fees market is getting out of control. Someone must've been really in a hurry as they paid BTC19.82 (~$511,000) fee just to send $2k worth.
Jokes aside, probably a very painful mistake. I wonder how's it going to unfold and whether the miner will return it to the unlucky sender.

Source:
Explorers: https://twitter.com/whale_alert/status/1700920065934213256
Blockstream: https://blockstream.info/tx/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd?expand
Blockchain.com: https://www.blockchain.com/explorer/transactions/btc/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd

This was like tipping a waiter a Lambo for a glass of water. It must be painful for that sender but some miners claim a jackpot. In crypto sometimes your carelessness can bring embarrassment to you like having the wrong tattoo on your butt which will never go.

If these were from a traditional banking sector many things could be done to recover that fund. But in crypto, this can be tricky because it is not a regulated territory where police will knock on the door and tell you to return the funds mistakenly sent by you. If the miner is generous enough he might return the fund but this was a lesson for all of us and it will be for rest of the year that we should check multiple times before clicking the send button.

pawel7777

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Quote from: Zenp on September 10, 2023, 05:02:23 PM

I doubt it's an act of carelessness, anyone with that kind of a balance would at least know how and where to input the appropriate fees. It could be a way to donate a large sum to the bitcoin miners.

Here's a tx from 2016 that paid a 291.24 btc fee: https://www.blockchain.com/explorer/transactions/btc/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d this fee was worth 130k USD at that time as the BTC price was close to $441. Looking back now, this fee is worth 7.5m USD.

Thanks, the one from 2016, although much greater in BTC terms, was around 4 times lower in USD terms than today's one.
The 2016 transaction was widely reported as a sender's error, so not sure why would you dismiss the possibility of someone making a similar mistake today. I can't imagine anyone willing to send a "donation" to a random mining pool this way. Just sounds way less probable than a human error.

And if my memory serves me well, I think in 2016 the pool agreed to return the fee (but I may be thinking about yet another situation).

albert0bsd

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Quote from: philipma1957 on September 10, 2023, 04:57:15 PM

Assuming its a legit mistake only a major pool would fix this. A small pool would likely keep it.

It was mined by F2Pool

Seems like an human errror but i don't know what to think.

According to the mempool.space page the block match with the expected, that means that the TX was public broadcasted.

The weird thing is that the TX is using the same source address as one of the outputs that means that it is the change wallet, so they may forgot to add the balance to that address or some faulty software/script did that.

Zenp

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Quote from: pawel7777 on September 10, 2023, 04:48:18 PM

The bitcoin fees market is getting out of control. Someone must've been really in a hurry as they paid BTC19.82 (~$511,000) fee just to send $2k worth.
Jokes aside, probably a very painful mistake. I wonder how's it going to unfold and whether the miner will return it to the unlucky sender.

Source:
Explorers: https://twitter.com/whale_alert/status/1700920065934213256
Blockstream: https://blockstream.info/tx/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd?expand
Blockchain.com: https://www.blockchain.com/explorer/transactions/btc/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd

I doubt it's an act of carelessness, anyone with that kind of a balance would at least know how and where to input the appropriate fees. It could be a way to donate a large sum to the bitcoin miners.

Here's a tx from 2016 that paid a 291.24 btc fee: https://www.blockchain.com/explorer/transactions/btc/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d this fee was worth 130k USD at that time as the BTC price was close to $441. Looking back now, this fee is worth 7.5m USD.

philipma1957

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'The right to privacy matters'

Quote from: pawel7777 on September 10, 2023, 04:48:18 PM

The bitcoin fees market is getting out of control. Someone must've been really in a hurry as they paid BTC19.82 (~$511,000) fee just to send $2k worth.
Jokes aside, probably a very painful mistake. I wonder how's it going to unfold and whether the miner will return it to the unlucky sender.

Source:
Explorers: https://twitter.com/whale_alert/status/1700920065934213256
Blockstream: https://blockstream.info/tx/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd?expand
Blockchain.com: https://www.blockchain.com/explorer/transactions/btc/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd

Assuming its a legit mistake only a major pool would fix this. A small pool would likely keep it.

pawel7777

legendary

Activity: 2436

Merit: 1561

The bitcoin fees market is getting out of control. Someone must've been really in a hurry as they paid BTC19.82 (~$511,000) fee just to send $2k worth.
Jokes aside, probably a very painful mistake. I wonder how's it going to unfold and whether the miner will return it to the unlucky sender.

Source:
Explorers: https://twitter.com/whale_alert/status/1700920065934213256
Blockstream: https://blockstream.info/tx/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd?expand
Blockchain.com: https://www.blockchain.com/explorer/transactions/btc/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd

Topic: Ouch, today someone made a transaction with over $500k fee. - page 7. (Read 1027 times)