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Topic: [Resolved] 111 BTC AS FEES (don't do raw tx's when you're tired) (Read 5250 times)

newbie
Activity: 16
Merit: 0
The fee went to Eligius. Luke-Jr reports that has a deal with his hosting provider, which is apparently MtGox, to share fees; so he has some negotiating to before he can even think about giving this one back. (Also, I don't think anybody's come forward yet...)
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
looks like it happened to someone again, 94 BTC fee  Undecided

Ouch - well I do feel for whoever it was and wonder if they'll come forward to report it (am certainly glad that I did when it happened to me)?
hero member
Activity: 616
Merit: 500

ouch. Thats 180 gh/s worth of asics at $40/btc

at least 50+% of the mining network composes of btcguild, ozcoin, slush etc (IE great guys who won't LOL in your face and take your coins)
full member
Activity: 125
Merit: 101
hero member
Activity: 518
Merit: 500
Manateeeeeeees
I made this same mistake recently and lost 0.68BTC to 50BTC as a tx fee.  I'm happy to report that they were nice enough to refund it to me!  I'm glad the operators of some of the bigger pools are actually honest business owners.
sr. member
Activity: 250
Merit: 250
About a year ago I started mining on a pool operated by a person I thought was honest. I'm now glad for two reasons:
- he is still honest and proves it every time
- I'm still mining on that same pool

Smiley
sr. member
Activity: 406
Merit: 250
LTC
Dude, you wee lucky enough to hit 5% of the honest BTC arena players. Go get something to drink, this is rare event.. The rest are busy screwing up everything else..
newbie
Activity: 29
Merit: 0

102 BTC returned in this transaction: http://blockchain.info/tx-index/42579467/4a0fe8cb78b19778a49d171642649c9ee25453ed206894c88b049d0ee7939a0f

I'd highly recommend not creating raw transactions in the future unless absolutely necessary Smiley.  $1,500 is a pretty risky mistake if it didn't land on a known pool wallet/IP.

Nice to see there are honest people out there still  Smiley
legendary
Activity: 3472
Merit: 4801
What a "raw transaction" is I may never know.
It is a transaction in the actual form it exists as it is relayed through the network.  When you use a client (Bitcoin-Qt, Electrum, Multibit, blockchain.info, etc) and create a transaction to send bitcoins, the client lets you enter the necessary information in a format that is easy for humans (destination address, quantity of bitcoins, etc).  Then the client converts this information into a "raw transaction" and sends it to all connected peers.

If you want to create a transaction that you can't using your chosen client (perhaps send a big transaction without a fee?), then you can use any other tool you like to create the proper sequence of bytes to represent your transaction, and then using the appropriate RPC call, push this "raw transaction" out to all connected peers.  In that way you can create transactions that the typical client wallets otherwise wouldn't let you.
newbie
Activity: 28
Merit: 0
What a "raw transaction" is I may never know.
legendary
Activity: 1792
Merit: 1047
Good guy eleuthria.

I'm glad I'm mining for BTCGuild  Smiley
Same Smiley
hero member
Activity: 597
Merit: 500
I'm trying to create a raw transaction with the client-qt in windows with the console window, but it doesn't work. I can decode raw transaction, sign it, but not create it.
legendary
Activity: 1792
Merit: 1111
I only tried double spend once. I sent a low priority tx without enough fee and got no confirmation after 24 hours. I resubmitted with higher fee and then got confirmed. However, you case is the opposite: trying to replace a higher fee tx with a low fee one.

Yup - probably a stupid idea also (when you panic - you panic) - am *so* grateful that I lucked upon being mined by a pool such as BTC Guild (my appreciation will never be forgotten - nor my understanding about how "sendrawtransaction" works).


You have paid the highest tx fee in USD ( http://blockchain.info/charts/transaction-fees-usd?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= ), and I am sure this record will be broken.

It's better if the Satoshi client has a soft, adjustable upper limit for tx fee. The client will refuse to push if the fee is too high. A default of 0.5BTC is more than enough.

In the not very remote future, when it hits $1400/BTC (100x of today's), you may donate 1 BTC back to them
hero member
Activity: 597
Merit: 500
Or he can "solve" the error trying to prioritize another transaction but with 150 BTC as a fee instead. LOL. That would be insane.
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
I only tried double spend once. I sent a low priority tx without enough fee and got no confirmation after 24 hours. I resubmitted with higher fee and then got confirmed. However, you case is the opposite: trying to replace a higher fee tx with a low fee one.

Yup - probably a stupid idea also (when you panic - you panic) - am *so* grateful that I lucked upon being mined by a pool such as BTC Guild (my appreciation will never be forgotten - nor my understanding about how "sendrawtransaction" works).
legendary
Activity: 1792
Merit: 1111

I won't let me send it (it has already seen it) - 2 confirmations now so too late for that attempt:

Block #215936 (BTC Guild) - is there someone on Bitcointalk that is a contact for them?


Does such double spend attempt ever work? As I know, most full nodes see transaction within seconds, and refuse any conflicting incoming transaction. It won't push or relay unless the code is modified.

I only tried double spend once. I sent a low priority tx without enough fee and got no confirmation after 24 hours. I resubmitted with higher fee and then got confirmed. However, you case is the opposite: trying to replace a higher fee tx with a low fee one.
legendary
Activity: 1792
Merit: 1111
LOL.

Did you see guys? And that's the way someone, very politely, could launder 101 tainted coins only paying 10 BTC for it.

Just kidding. You were very lucky P2pool or mistery miner didn't get it

AFAIK, mtred also pays tx fee to miners
legendary
Activity: 1792
Merit: 1111
Wrong adress, wrong number, wrong whatever....

if you do that with bitcoin your only hope is that someone nice got it.

double check small transactions
triple check big transactions


The same for cash and most fungible property like gold (bitcoin is fungible property, too)
legendary
Activity: 2126
Merit: 1001
102 BTC returned in this transaction: http://blockchain.info/tx-index/42579467/4a0fe8cb78b19778a49d171642649c9ee25453ed206894c88b049d0ee7939a0f

I'd highly recommend not creating raw transactions in the future unless absolutely necessary Smiley.  $1,500 is a pretty risky mistake if it didn't land on a known pool wallet/IP.

Happily noticed..
Way to go!

Ente
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
Just kidding. You were very lucky P2pool or mistery miner didn't get it

Yes indeed and also if I hadn't managed to get most of it back I think my wife would have been about ready to throw my computer out the window. Grin
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