Bitcoin Forum

As the title states. Why on earth would some one do this? Is it a mistake, or done on purpose?

This tx includes 0.2493BTC as fee; http://blockr.io/tx/info/621cd73e184ef9180f2b3451a1b5b244de48e07effc9be6b731f7466358a924f

This tx includes 0.7901BTC as fee; http://blockr.io/tx/info/07f11415bc6b6a4611c96812e2d40b8a53554e64c7f0bdf9a2bb7c6eeb2b43e7

There's two possibilities : a mistake (the most probable) or the sender want his transaction to be proceeded really fast (maybe this don't make it being proceeded faster and thus this is the first possibility). This also may be just a dumb guy but it seems really probable to me, that's why I didn't included it in the possibilities list.

That's unbelievable! If it was a mistake then why on earth he did it twice?

Maybe someone here could explain because I can see no reasons for paying such high fees on purpose.

Ouch!
I think that's a terrible mistake somebody made.
For that low amount it doesn't make sense to get the transactions proceeded fast.
Maybe that person is drunk or has absolutely no idea what he/she is doing.

Is that even possible? O.o

Why wouldn't it be? You can include any fee that you want. I'm not sure why you guys are surprised. Even though these events are rare, the fees included are far lower than the highest that we've had so far. Such a fee ensures that your transaction will process swiftly in addition to rewarding the miners.

Probably a newbie who doesn't know how fees work. There is no room for error when creating txs.

Yep. You can set any fee you want.


Such a fee is weird when you see the total amount of the coins he had sent. If the dude was sending 1000's of Bitcoins, then ok, I could kinda understand that a high fee would do it. Even 0.01-0.05BTC would definitely be enough to be included in the next block that is being mined.

The guy that hacked Bitstamp paid really high fees to get his stolen coins moved really fast because Bitstamp had figured out what he was up to. The hacker and Bitstamp had a battle to move the coins first because they both had the private keys.

Those transactions in the OP could have been made by a hacker who wanted to move stolen coins really fast, and who didn't care how high the fees were because they were paid with stolen coins.

Id say its just a case of someone gone dun goofed. no way is anyone going to be putting down transaction fees that high.  must have been a fat wallet anyway if that much has come out as fee, maybe the guy hasnt even noticed.

Its commonly happen if someone got thousand of btc ,you will not see those fees as a precious thing,but beside all of it increasing fees didnt give affect to your transaction as i know,i've tried once and the transaction speed is normal,just my opinion,correct me if im wrong

he scammed someone maybe and want high priority for the transfer? this thing happned with the hacker on bitstamp, i remember the hacker payed 1 btc for the fee

A billionaire making some kind of a test, maybe?
Or a drunk billionaire having fun?
Or a drunk billionaire making some kind of a test for fun?
Or a bored miner?

... or a hacker, like belmonty said. That's actually the most likely possibility, I think.

In 1 word : noob.

http://imagizer.imageshack.us/a/img537/5737/vxQvDa.gif

I never said that it was not enough. I don't see the importance/relevance of your statement towards mine.

I didnt know about bitcoin in the pioneer days but could of his wallet
had that as his default fee from back in the day? so he just updated it
but never changed the fee and didnt pay attention until it was to late?

just a guess but wow thats a serious mistake if indeed it is one.

Wow! This is unbelievable.
It must be sent by mistake.
Or maybe s/he is so rich and he wants to give miners some free btc :D
          
He might have done something illegal and paid these much fees to get confirmed so fast. Although a transaction can be confirmed fast with .0005btc !

Are these transactions related to replace by fees ?

I don't know how anyone could be that stupid. He must have been drunk or high on drugs. You don't do that sort of thing twice if you are in the right state of mind. If the fees are that high, does it get confirmed very fast, or does it cap off somewhere?

If you scammed someone why would you draw attention to it with a huge fee? A slightly above normal one's gonna do the job just fine. I guess it's probably an unfortunate mistake.

You didn't say that it wasn't enough, that right. But just look at the bolded part. That's why I said what I said. ;)


That suggests something right?

There is something in these transactions with "replace by fees" new method. As he wants to double spend a transaction to scam someone
But I still can not understand why he paid so much fees !

i think its just a big mistake that guy made.
or else theres no any other proper reason he will do it.
probably he doesnt know about how fees works,
so he even did it 2 times.

damn, that must hurt! i think it's a newbie that made a very expensive mistake with including a +$400 fee. i wonder if he will create a thread asking for a way to get these coins back today.

Ouch, I would kick my own ass if i did that!!!

Huh, that must be Santa who did that. Even 0.001 for transactions would be awfully fast in the network to be confirmed, let alone the digits you just gave here. Maybe just a mistake or did by purpose. It's either of the two lol/

Must be a mistake, there's no need for such a high fee.

That could be a really expensive mistake. Unless they just had money to throw away

But it's not Bitstamp. Bitstamp can detect the unauthorised TX fairly easily with the infrastructure and hence 1BTC would make any miner happy. No one in the right mind would immediately pay up to 1 BTC as a transaction fee just to prevent any double spend.

Judging by how both TXes only have one output. It would be possible that the client made an error and forgot to include any change address and thus the amount not redeemed is the miner fee. It's an expensive error.

is not for preventing double spend, it was for sending the funds asap , the hacker at that time did it for that reason on bitstamp

ok guys, seems theres alot of speculation so here's mine
1. it was not a tx from an exchange.
2. it was a tx from someone manually making a tx

so lessons for people making a manual tx
lets say you had 2btc and you wanted to send someone 0.5btc

normally 0 fee tx looks like
2.0  -> 0.5 someone else
           1.5 yourself (change address)

normally a 0.0001 fee paying address looks like
2.0  -> 0.5 someone else
           1.4999 yourself (change address)

notice that you dont manually input a fee as a separate destination.. you however dont give yourself all of your leftovers(change) and the inbalance is what becomes the fee.

so by sending out 0.5 to someone else and accidentally only giving yourself 1.0 return
2.0  -> 0.5 someone else
           1.0 yourself (change address)

you have accidentally given a 0.5btc fee to the miners.

exchanges dont (shouldnt atleast) make mistakes like that. and secondly people(exchange customers) cannot decide what leftovers should be returned if using an exchange as they do not control or see the script exchanges use..
so this tx seems like an operator error from someone that has access to making the behind the scenes tx, not a user error
so i think this is a noob trying to make his own bitcoin program, and royally screwed up

Yup when this sort of thing happens it's usually someone making a manual transaction and screwing it up.

Why would they want the funds ASAP? They need at least a confirmation to try to stop Bitstamp from double spending it. If they don't, Bitstamp can easily double spend it by asking a few miners to mine their TX and move it elsewhere.

As @franky1 suggests it is most likely a mistake with creating a "raw transaction" (it seems fairly obvious that the tx creator forgot to add a "change output").

Compared to the mistake that I made in 2013 (with a fee of over 100 BTC) it really isn't so bad. ;)

https://bitcointalk.org/index.php?topic=135665

And the huge tx fee that I accidentally paid is not the highest on record (I forget exactly what the record is but it is well over 100).

 Yes the way it was worded implied the high fee was necessary for swift processing in this case.
Simple misunderstanding.

they did put in a change address
https://blockchain.info/tx/621cd73e184ef9180f2b3451a1b5b244de48e07effc9be6b731f7466358a924f
(sending funds back to origin address)

they just didnt calculate the amount to send back correctly

Oh - yes - hmm... that does make you wonder then (perhaps a typo?).

I think it is just a mistake. No one would spend so much as the transaction fee, this is clear.  ;)

Well, that transaction must have been processed fast as hell if anything. Maybe there's also the possibility that this was a rich guy just doing some testing on the network.

I agree with your opinion this is indeed a huge mistake and the sender is very unfortunate since there is no way it can be recovered this kind of things is the one that every one should be aware you can do that on paypal but never on bitcoin transaction where there is no third party that can help you recover the funds

Relayed bt IP: blockchain.info
Wallet is probably web wallet.

A warning should be displayed by wallets while sending with these kinda huge fees.

I think it was a mistake, but it's really suspicious transactions, whether it's one of the dark dealings of the underworld ??  ;D hahaha That really interesting

Or a raw TX constructed by user and relayed using: https://blockchain.info/pushtx
There have been instances where a pool refunded the fees fully.[1][2] There is no chance of getting a refund with decentralised pool like p2pool or most pools. There is a higher chance with privately owned pools.
[1] https://bitcointalk.org/index.php?topic=602152.0
[2] https://m.reddit.com/r/Bitcoin/comments/1lb5my/asicminer_refunds_the_accidental_200_btc/

I wonder who can make such a mistake without realizing what they are doing? I mean it's pretty hard to put that amount of money in the fee box, unless he had it on the clipboard and pasted it and clicked send without realizing.. still really weird.

I don't think it's a pushed raw transaction.
Because you should say the miners fee to the wallet software.

This replace by fees will be in Bitcoin Core 0.12, so not used much now. Deffinitively scammer paradise comming soon (after Bitcoin Core 0.12 released) before people learn to do not trust 0 confirmation transactions.

But this case looks more like pure mistake by somebody creating transaction itselves and overlooking/not understanding the fees.

Adoption is just around the corner, this is just more proof that bitcoin is simple to use.

Is there a source for that? I don't think this double spend feature will be added to the core wallet.

Transaction fee is never specified. The transaction fee is always total input deduct total output. An error can be made while constructing a raw TX.

First, what a waste. paying over 420 USD on fees. We use bitcoin because we like the low fees right ;).

Anyway yes, a warning should have been displayed and/or a confirmation message for all transactions above 1 BTC stating the exact amounts is needed
F.e.
Payment 1.BTC
Fee 1.0001 BTC
Total 1.0001 BTC

That's another way for miners to launder coins. Big mining companies are launder their dirty coins with these tricks. They find the block so they get the same money, just changing it with a clean one. Left pocket to right pocket, not news. It happens since Lydians found money.

it's not so easy for bitstamp to doublespend by asking miners, you say it like it's somethign they can do at will

the hacker wanted to get the funds asap to avoid the account being locked from bitstamp, supposedly

Perhaps he was only testing if there would be a confirmation message for such a big fee... and the message did not come. Then he wanted to double-check it  ;D

Well looks like more to be a test transaction to see how  many time takes to get the transaction confirmed,but sure if not makes no sense to pay such fee,when i had read i thinked someone is moving a huge ammount of bitcoins...i thinked it were nakamoto waking up his wallets.

as per my knowledge if he has used web wallet then their is no chances of that much huge transactions fees as they have automated standard fee structure for transactions. ya if he has used any hardware wallet then their may be chances as in hardware wallet you can decide how much fees you have to pay for every transactions.

i am using electrum and in that their is a option of manually deciding the fees for transaction.

move stolen coins fast? no, the fee is to high.
stupidity: maybe

i think that someone just wanted to get famous. and now he/she/they is on the best way to hit this goal.

Am i correct in reading that both transaction amounts were actually less then 1 BTC each??? with that high of a tx fee??

I don't think so. Why would you try to be famous by losing money and staying anonymous.

Probably some guy who wanted to transfer his coins very fast and made a mistake.

It might be a hacker that somehow gained access to a wallet and trolled that person by sending the coins with ridiculous fees. Or the person in question is dumb.

now people are talking about this. and even more people are reading about this.
thats what i call fishing for attention. => publicity => fame.

loosing money?
if you have enough money and you are bored?

I've seen alot of people do stuff like that just to donate and help support the miners, im guessing this person had the same intentions, its not that uncommon as you might think.

why wasting all that on txs he could just donate it to some organisation better then to go to mining companys miners are not just relying on him to do this

I just read that thread, glad you got your coins back, back then. BTCGuild owner eleuthria is a great guy.

I still can't believe it. 111BTC fee. http://blockr.io/tx/info/098b3a9faeb2c6e5dc42878b9d0a1106d4aafce72c85d0eab54c384652e0bdbc

At current rate it translates to $46,600 while back then it was just worth $1,500. Which means a price of $13.5 per coin.

He may of been fishing for 'fame' like some posters above stated but...

why be famous for being a money wasting moron and everyone thinks you made a mistake lol

It is. As long as a miner is willing to help, they can include Bitstamp's TX.

No. AFAIK, bitstamp does not allow any TX fee adjustments. The hacker got in control of the wallet.dat and password[1]. At this point, both parties have the private key and hence they need to prevent each other from getting the confirmed TX.

[1] http://www.coindesk.com/unconfirmed-report-5-million-bitstamp-bitcoin-exchange/

That's just crazy.... Why would anyone do that?

They're better off transferring money using PP or WU  ::) ::)

Sounds like it was someone who really needed the money moved quick, probably for illegal reasons people mentioned above

Mostly a big mistake of the sender

its not that someone is super rich or show boating to send those coins with huge trans fee, it was a simple mistake. was  trying to get the hang out of it..it comes down to the point that everyone  should know what trans fees you are shelling out with each transactions rather than having a blind eye on the default fees

May be a mistake. But I smell any possible hacking.
When the bitstamp's hot wallet was compromised, the hacker paid 1 full BTC to make his transaction to get picked by the new block against the bitsatmp owner's transactions.
That kind of situation may be behind in this high fee also.

I remember during early days when Satoshi was testing transactions, he would include 50 BTC as fee, and because he was the only miner, he would receive those fee back into his wallet

Similarly, these might be miner constructed transactions to test some function, and since they are included in his own mined block, he does not lose anything

So who will get the of bitcoon fee..?

Of course was a mistake, there are topics here about people that sent high fees by mistake.

And the fee will go to whoever mines the block.

A costly mistake to make, huh. That guy must be high.

what a terrible mistake, i would be gutted with that........... :(

Discus Fish is the pool mined this block 390619 (most probably) so it is likely their own transaction

A gift to the "Bitcoin Community" paid in the spirit of gratuity for the extreme savings realized.

Zerohedge had a recent article about moving money out of China.
Of 63million Yuan sent, only 8 million arrived outside China.
With Bitcoin, 100% arrived.
Who to tip??

That's exactly what I've said in previous page. From right pocket to left pocket. They use this system sometimes.
Miners get fees, so miners can do these type of things.

It was a Christmas gift to the miners that will eventually trickle down to the bitcoin community.
Tis the season of giving  ;)
Mistakes can happen but I doubt that was one of them. He is santa to someone most definitely  ;D

No. They are not our transactions.

What is really happening? I'm not sure this is often the case, and why users still want to do a transaction if he knows it will be a fee for it?
This may be a very rare error, but still I am worried this will often happen, I can not imagine a transaction fee by almost 30%

This seems to me like an appreciation shown by someone to miners for their work, maybe... ;)
Else, no one is such a stupid nowadays to pay this much in a fee at current value of BTC, unless he/she has lots of coins to just throw away like this...

Mistake I guess, but here's a real whopper (still recent, 2015/4)  with a fee of 86 bitcoins.
The guy was combining p2sh inputs to one p2pkh address. I guess the complications helped the slip up.
Damn, I'd be kicking myself.

https://blockr.io/tx/info/860e4e6bc2b846f00a1660dcb49d84a00dcd7b87ba23100e836dfb682249a807

It is really shocking that some one has paid so big amount as fees to do transactions only in Bitcoins. It may be happened through error or he doesn't know about the fees and Bitcoins much about it.

Probably it was a mistake when sending the bitcoins, this can happen.
But i wonder, was it confirmed very fast :P, really waste of hundreds of dollars.

I don't know what you are talking about. Haven't you checked the transactions? The total amount of both of them is around 3 BTC. Do you think it makes any sense to steel 3 BTC and to pay over 1 BTC as fees?

Even if he used 1% of the fees he paid, he would get high priority.

I think that this big fees are a mistake that a new user that didn't know so much about how it works. Are high fees for small transactions, it makes no sense. Minners that found the block will be very happy with users that made this kind of mistakes.

Is there any follow up of the big fee event? Has the fee been returned?

I honestly thing that could be a possible mistake? or probably he's willing to contribute more to the miners? But then it's a pretty huge amount of Bitcoins, haven't seen a large fee payout.

And here another person that has paid a significant fee for his transaction. 2.83BTC in total. It's most likely another costly mistake.

More than welcome bonus for the pool that minted this block. :)

http://blockr.io/tx/info/2525ac9631c29e4c372235dfa042d862f5bf0dedb5374545a77a46d6b27eeabc

yes this has to be a mistake. when i read the topic on this thread i looked forward to see some big transaction and i was disappointed. those fees for such "small" transactions has to be a mistake.

Thats really high for fees i guess the dude made a mistake.
But seriously if that happens to me I don't know what I'm going to do that a huge amount just for paying fees.

As other said, it could be a mistype transaction fees or the person wanna donate the Bitcoin to miner that helps secure the Bitcoin network. I remember seeing a thread with transaction fees as back as 10 BTC - not really sure.

Rankings from most to least likely

1) Mistake
2) Someone stole money and wanted it moved as fast as possible
3) Someone with tons of coins did it as a prank

I think it just some kind of rich guy who has so much Bitcoin and doesn't know how to spend all of it :D

I'm guessing it's #2.
I really doubt it's a prank because no one would spend that much money on a prank...

either he is some dumb guy or he wants some attraction and last probability is that he is too rich to be able to pay such amount of fees.

O oh retard alert. What stupid person would do this? That is just way over the top for transaction fees.

I do believe the impending fee market will surprise a lot of people. Like a hammer to the elbow.

Once i was sent to coinex.pw(rip) 0.5 btc and l  forget to give a fee!
I had to await about 3  f.... days. And after that coinex.pw was hacked, and l lost 0.5btc!
I was piss as hell..Just wanted to buy doge coins then were cheaper on coinex.pw..

So dont forget to give a small fee!

Did we ever find out if someone had paid that amount of fee by mistake? no sane person could have possibly meant it.

as blockchain rules,more fee and more speed of transaction,i can't imagine if they pay that much fe,so how about the trnsaction speed?about 1 second per transaction? :D

I agree completely. It definitely seems suspicious to me too. However like you said he might just not be too computer-savvy or coin-savvy :P