Bitcoin Forum

So there are a bunch of deposits to that Bitcoin address starting from today totaling 291.241 BTC and then suddenly the last transaction is for 0.001 and 291.2409 in fees. Can somebody explain what is happening here because I am speechless. Was it human error or a deliberate transaction? I can't figure out what the reason behind that may be  ???

#1 human error (unlikely)
#2 some script messed up
#3 just a miner having fun fusing inputs

Thief in a hurry? Messed up when trying to speed up the transaction?

Someone probably made a mistake again. let's see if anyone pops up requesting miners to return the fee...

#1 human error (unlikely)
#2 some script messed up
#3 just a miner having fun fusing inputs

Ooh a really fat fee! Whoever managed to was the miner who mined that, kindly return the 250 btc to the address indicated in my profile. The rest you may keep for your honesty lel. ;D

Things like this do happen in the bitcoin ecosystem every now and then. Some are lucky to have theirs returned and others aren't.


1 is still possible. Drunk dude sent it? Who knows?
2 is somewhat probable, considering that most automated payments are run via scripts.
3 is, uhmm. Who would do that, really?

https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d


 ;D

#1 human error (unlikely)
#2 some script messed up
#3 just a miner having fun fusing inputs

Someone probably made a mistake again. let's see if anyone pops up requesting miners to return the fee...

Hey @BitClub_Network. Will you do the right thing? The entire community is watching. Your chance to demonstrate your principles

Wallets should have many failsafes to keep this from happening.

Mined by Bitclub network (haven't heard of them until now).

https://twitter.com/aantonop/status/725042693500346368


On the bright sight, TX got confirmed pretty quickly.

Mined by Bitclub network (haven't heard of them until now).

https://twitter.com/aantonop/status/725042693500346368


On the bright sight, TX got confirmed pretty quickly.

Yes! It was me, I made a mistake.
Please return the fee to a BTC address of mine :D ;D

That's an insane mistake there. There's no chance that user would get the fee back, as pool users would never agree on such things.
Can't even imagine what i would do if it happened to me. This is one of faults of bitcoin imho..

Mined by Bitclub network (haven't heard of them until now).

https://twitter.com/aantonop/status/725042693500346368


On the bright sight, TX got confirmed pretty quickly.

Agreed. Manually adjusting fees should be on a separate screen from entering the transaction amount, with a confirm dialogue. Anything over a certain amount (such as 0.01 BTC) should receive multiple "Are you SURE???" warnings. Frankly, if I was authoring a wallet I'd simply disallow manual entry of fees that were above some level (such as 0.1 or 1.0 BTC) to prevent such a disaster. If someone actually had a need to send something with a huge fee let them seek out a special wallet/tool to do it, the rest of us should be immune to such catastrophic errors.

#3 is fine as long as you dont broadcast the TX to anyone else.

I can't view twitter. Does this mean the sender has identified themselves? Or is someone just asking them pre-emptively to refund the TX on the presumption (probably a safe one) that it's an error?

@Itsjoeco Someone seems to have accidentally paid 300BTC in fees. @BitClub_Network could refund, if the originator asks for help fixing this

@Itsjoeco Of course @BitClub_Network is under no obligation to do anything. Caveat emptor and all. But it's a great chance to do good.

I can't view twitter. Does this mean the sender has identified themselves? Or is someone just asking them pre-emptively to refund the TX on the presumption (probably a safe one) that it's an error?

Was it human error or a deliberate transaction? I can't figure out what the reason behind that may be  ???

What happen wow, 249 btc the fee is almost 0.0001 damn how it happen what is the explanations here,, wow.. Im shocked about this..
Do you think what happen why the fee is 0.0001?

Please return the fee to a BTC address of mine :D ;D

BitClub confirm - they ready to return founds back to owner.

Owner should verify itself.

Agreed. Manually adjusting fees should be on a separate screen from entering the transaction amount, with a confirm dialogue. Anything over a certain amount (such as 0.01 BTC) should receive multiple "Are you SURE???" warnings. Frankly, if I was authoring a wallet I'd simply disallow manual entry of fees that were above some level (such as 0.1 or 1.0 BTC) to prevent such a disaster. If someone actually had a need to send something with a huge fee let them seek out a special wallet/tool to do it, the rest of us should be immune to such catastrophic errors.

Could be someone mistyped or mis-clicked something and it ended up switching the two values.

Whoever it was really fucked up, and I feel sorry for him, because that's something like $112k lost as a fee.

and just how do you know which miner is going to hit the block?

Absolutely agree with this

https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d


 ;D

https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d


 ;D

and just how do you know which miner is going to hit the block?

Also agree.   There have been a couple times I have come close to sending what I did not want to.  I notice many places do not have a confirm window, popup, or whatever to make you look and click again before sending.   It should be like the feature on gmail where you have 10 seconds to unsend  ;D

https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d


 ;D

It's just Andreas Antonopoulos putting pressure on BitClub Network to return the money if the sender identifies himself and ask for it.

2 further tweets

@aantonop @Itsjoeco @BitClub_Network - BitClub network officially confirm - they ready to return founds to verified owner.

It appears that BitClub has the bitcoins, but how are they able to give it back?
Is the fee not divided for the miners and they already have withdrawn?
...

A more general question, where does the fee actually goes when I make a transaction, to the miner right? Then how is it possible to return the btc to the owner? Are the miner their account freezed and then the take back the fee and pay the owner?

Good question. I guess they could return it if:

1) they mined it with their own hardware and not as a pool
2) pool members are not entitled to tx fees

Otherwise it would be ethically questionable whether they have a right to return the funds without asking their customers first (as they would be entitled to their portion of that fee).



Fees go to the miner. In case of the pool, it depends on operator whether mined bitcoins (and fees) are instantly distributed among members (and available for withdrawal) or not.

and just how do you know which miner is going to hit the block?

Mined by Bitclub network (haven't heard of them until now).

https://twitter.com/aantonop/status/725042693500346368


On the bright sight, TX got confirmed pretty quickly.

this is shit,,,can you tell me the reason why this transaction can made?who is address owner?this is the first time i see transaction that fee are larger than amount transacted  ???

https://twitter.com/sysmannet/status/725106560662380544

Genuine mistake or risky PR stunt? We may never know.

--snip--
And how did we know who is the real owner ?
Anyone can say it was their lost money :P

I don't think that the amount will be returned. Not all the poeple are that kind :/. However, if someone does that, it will be another nice story to tell :) !

I don't think that the amount will be returned. Not all the poeple are that kind :/. However, if someone does that, it will be another nice story to tell :) !

Agreed. Manually adjusting fees should be on a separate screen from entering the transaction amount, with a confirm dialogue. Anything over a certain amount (such as 0.01 BTC) should receive multiple "Are you SURE???" warnings. Frankly, if I was authoring a wallet I'd simply disallow manual entry of fees that were above some level (such as 0.1 or 1.0 BTC) to prevent such a disaster. If someone actually had a need to send something with a huge fee let them seek out a special wallet/tool to do it, the rest of us should be immune to such catastrophic errors.

Damn that is one hell of a bad day, that works out at over $135,000. Surely the mining pool will return that money.

Edit - Seems Bitclub Mining Pool is trying to source to sender, hope it all works out.

Send directly to the miner and the others will see it only after the block is mined.

The man who recieves is a luckiest man in bitcoin history! I think he would be a millionare now, Very lucky guy

And how will you do that?Even if you find pool's IP they are still broadcasting all transactions to the network(or are they not?).If you prove me wrong AND tell me how to broadcast transaction to only one pool whether it be Bitclub or other I will give you 0.02BTC.

So what happened then? I think this is really important that gets clarified. What the hell causes this? can anyone explain it in a clear way?

We can't be depending on people's benevolence to return funds. And once we have confidential transactions and coin join active it will not even be able to know what the hell happened. We need the increased privacy but we need to fix this too so this doesn't happen again.

They got the fee box and amount box mixed up and put the wrong amounts in each. And unfortunately the wallet did not do any validation or give them a warning. This is a flaw in the wallet, and should be fixed - it's not hard to program a simple validation check where if the fee is larger than the amount you are sending you get a warning before you proceed. Or validate to compare the fee to the average fee, and if it is higher, issue a warning. This is not rocket science - online banking does validations to prevent user errors all the time.

Use a better wallet. E.g. Electrum shows a pop up before you send the already signed(!) TX. Not by default but it can be set if you are the kind of person that is likely to send 200 BTC as fee. Bitcoin core outright refuses to send TX with a fee over a certain amount. 0.1 BTC IIRC. Im sure many other wallets have protection against this as well.

It seems like someone just mixed up the fee box and amount to send box, this must be the most unlucky day for him/her.

Its better not a mistake,  :o  :'(

Yeah I don't know how such a transaction was allowed to go through. I have used a lot of online Bitcoin wallets and every time there would be options to select low medium or high fees depending on how fast one would want their transaction to get confirmations. Why would anyone want to input custom fees for such a huge amount is beyond me. The sender should have just used the highest fee by default and proceed with it.

I don't understand how this could happen. I would argue that this is likely to occur due to incorrect Input do should they write 291 BTC bTC to the intended recipients and 0.0001 BTC is for shipping, he was entering it in the wrong place. If this is the case then that person could be experiencing depression severe enough and most likely he'll do silly stuff because of the way he did.

earlyer in this topic, shorena  already pointed out that a lot of wallets already have this kind of validation.

:

It was mined by the BitClub pool. They are seeking to return the money if someone can prove they sent the transaction: http://www.coindesk.com/accidental-136000-bitcoin-mining-pool/ (http://www.coindesk.com/accidental-136000-bitcoin-mining-pool/)

https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d


 ;D

You can clearly see, that this guy dumped his coins in the Gulf of Guinea. They will never be found...

Or it is something no one thought of before: a perfect marketing strategy......like they post everywhere that they will return the funds and now everybody knows about them. In reality they sent the fee to themselves and will return it to themselves in some days. That's free advertising.

They will return the money, but only if someone can sign a message using the affected address.

Thats not him dumping the coin from Gulf of Guinea. Thats he IP location of the node which accepted the transaction first. Although it is clear that BTC Club has mined the block but I doubt they will return it to him. Humanity is losing its glory day by day.

#1 human error (unlikely)
#2 some script messed up
#3 just a miner having fun fusing inputs

Omg this guy is an idiot. I wish I had that many bitcoin's, if I did I certainly wouldn't be so stupid with them. I hope the sender gets them back but I doubt it.

This guy is super smart, 2 words: money laundering, I am pretty sure the right guy got thoose fees.

This guy is super smart, 2 words: money laundering, I am pretty sure the right guy got thoose fees.

If this is money laundering then how did it work.  Here is how to launder money.  You give me 300 bitcoins.  I tell the IRS that I made those bitcoins selling lemonade.  I give you back 280 bitcoins that I made selling lemonade and tell the government that you sold me lemons.  The key to money laundering is a believable lemonade business and lies.

Where are the believable income stream in this big fee laundry?  The bitcoins don't look the least bit washed.

It was mined by the BitClub pool. They are seeking to return the money if someone can prove they sent the transaction: http://www.coindesk.com/accidental-136000-bitcoin-mining-pool/ (http://www.coindesk.com/accidental-136000-bitcoin-mining-pool/)

Good question. I guess they could return it if:

1) they mined it with their own hardware and not as a pool
2) pool members are not entitled to tx fees

Otherwise it would be ethically questionable whether they have a right to return the funds without asking their customers first (as they would be entitled to their portion of that fee).



Fees go to the miner. In case of the pool, it depends on operator whether mined bitcoins (and fees) are instantly distributed among members (and available for withdrawal) or not.

This gives us an opportunity to prove we are one of the good guys in this industry and despite the stigma of being an MLM

It's just a way to launder coins.

omg i wish i'am the owner of that address, but the thing that i was wondering is, how could they made this mistake, i mean what kind of wallet they used it, it's very crazy 291.2409 BTC for fee,
are you kidding??

I saw this last night and still I'm curious about how did that transaction went.

Maybe there is just some kinda bugs but If I had that address definitely I don't know what to do about it.

i have read that this maybe a bot problem from a bitcoin mixer or something like that.

Yeah very lucky that got 291 effortlessly. But do you think people would try to catch him if he didn't return that amount ?

I was thinking about that the other day as well. Maybe it was dirty money put through a mixer to come out clean but the mixer messed up the fees of the transaction. I can't believe the reason was human error because with sum that big everyone will be extra careful before sending the coins. If these coins were really tumbled through a mixer I don't know if the real sender will want to come forward and claim the money. By the way are there any theories as to which mixer that was?

I'm not completely sure if i'm correct here, but i think the basic idear (one of the theories) was not that a thirth party was sending a transaction to the pool, but the pool owner creating a transaction and only keeping it in his own memory pool without broadcasting it to the network. This way, he would be the only one knowing about the transaction, so when his pool hit the next block, the "secret" transaction would be included, but no other pool/miner knew about the transaction, so they couldn't include it in a block.

It was just a theory, most probably this is not what happened.

I guess that would be possible, he (the pool owner) might have to hack into his nodes code, and recompile his binaries in order to be able to do this, but i don't think it would be impossible (but maybe a lot of work)

Fees are supposed to be divided among all the miners (or investors?) of BitClub pool, so it'd be a very lousy money laundering if you had to share most of it with others. On top of that BitClub announced that if the fee is not claimed, they will donate large part of it to support Bitcoin development.

https://motherboard.vice.com/read/someone-tried-to-pay-5-in-bitcoin-sent-137k-instead

291.2409 Bitcoins = 131308.8722 US dollars
Imagine i have one hundred thousand , i could retire now....
That is a lot of money there, shit that men is crazy!

Yes! It was me, I made a mistake.
Please return the fee to a BTC address of mine :D ;D

prove that the transaction is yours  ;D

anyway I'm sure that the person who did that transcation put the fee on bitcoin coloumn and the bitcoin on fee coloumn. poor him/her.

...
But I seriously doubt that that person did this unintentionally. It has to be intentional. Perhaps he owns the address 155fzsEBHy9Ri2bMQ8uuuR3tv1YzcDywd4 as well.

That's BitClub Network's mining address. So you're essentially saying that tx was staged by the miner, as discussed above it's possible but pretty risky. BCN did get a lot of publicity because of that including some mainstream news press hits.

That's BitClub Network's mining address. So you're essentially saying that tx was staged by the miner, as discussed above it's possible but pretty risky. BCN did get a lot of publicity because of that including some mainstream news press hits.

https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d


 ;D

He lost 291.2409 BTC during the transaction and 0.0001 BTC was transacted.

It probably a thief or someone who was trying to speed up the transaction and messed up big time. If it was anyone else, I would just call him unlucky.

I don't see why all you newbies are immediately excusing this to hackers/thiefs. It could simply be a human error. I use the electrum command line version, and I once used 0.1 as my transaction fee  ;D

I think it's a human error.

I see , so we are wrong thinking that hackers/ thieves did this.

To particularly whose error is that? By the sender?

Are you serious, you really dont know? Isnt it obvious mate? of course its sender's error. Hes the one sending the transaction. He didnt double check it before clicking send.

Oh no. He didn't double checked the fees in transaction. I know the sender is started to cry with that.

He lost 291.2409 BTC during the transaction and 0.0001 BTC was transacted.

It probably a thief or someone who was trying to speed up the transaction and messed up big time. If it was anyone else, I would just call him unlucky.

Surely with that big amount of btc attentions of thieves / hackers were on it.

So just be careful when you have large transaction you do. Make sure you correctly and double check it.

Bitclubpool has stated they would send it back to the original sender if they prove ownership, if no one proves to them that they owned the BTC Bitclubpool "will" donate it to charity.

I see a nigerian prince, who failed at trying to mix stolen coins. Good thing is: he obviously doesn't know he could get it back.

Btw Bitclub: Please don't give this money to the Bitcoin Foundation. It's just like giving it back to the nigerian prince.

No,people already mentioned that it was a bitclub pool mistake,so nothing bitcoin stolen,its just a mistak,and its not first time mistake and not the last,i wish i will never found any other mistake like this.

To be honest, it's the guy's fault that did this huge mistake (how the fuck do you not realize you are sending that insane amount for a fee?) I mean unless he was drunk, I have no idea how I would ever do this.
Bitcoin is about self-responsibility, so if you can't eve properly send a fee, that's your fault and the miners aren't forced to give this guy's money back, even tho it would be nice.

Yeah but in this case (like many others) the pool/site wants to give it back to the real owner. He/they should only prove the ownership of the input address '1QgTYzMYqStzZBQx8gguYaJQMjFRbagbh'.

Yeah but in this case (like many others) the pool/site wants to give it back to the real owner. He/they should only prove the ownership of the input address '1QgTYzMYqStzZBQx8gguYaJQMjFRbagbh'.

Lol no, the guy who started the "Bitclub is trying to return the coin" story was trolling.
Everyone instantly believed him because desperate for news that doesn't involve bitcoiners robbing each other.

Wrong. That's what the Coindesk article said. Now, Bitclub can go back on their word, but that will have significant negative repercussions on their business if they are recognized as untrustworthy.

Link to Bitclub official statement plz?

Link to Bitclub official statement plz?

i think this will do the job:

From: mining@coindesk.com

Dear Sir,

we are currently waiting for someone to reach out to us and claim their mistake so that we can verify them and send their bitcoin back, but so far as of this posting nobody has been able to verify it.

Blockchain : https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d

Answer form : http://drive.google.com/file/d/0B7spoqTudJfWX01xdE1FYlRkQnM

Best Regards.

What am I looking at, and why is your second link asking me to download an executable?

http://s32.postimg.org/d2kzfhyo5/Capture.png

Please provide a link to an official public statement made by Bitclub. ty.

Please provide a link to an official public statement made by Bitclub. ty.

https://bitcointalk.org/index.php?topic=1152263.msg14686810

BITCLUB NEWS

Record Setting Block... By Mistake!
Date: April 26th
Our mining pool got very very lucky today! We mined a block that was worth a total of 316.523 Bitcoin (about $147,000 USD) Here is the block - https://blockchain.info/block-height/409008 However, this was clearly a mistake made from a single transaction within the block that accidentally sent 291 Bitcoin as the transaction fee instead of putting it to the receiving address. We have actually seen this happen before many times but never on this scale. In fact, looking at all the blocks ever mined this may be the biggest mistake of all time. After doing some research into this transaction it seems to be a very unique transaction. Our initial thoughts are possibly a mixing service or some type of automated payment script that may have malfunctioned and put the wrong amount in the wrong place. (this is just a guess). We are currently waiting for someone to reach out and claim their mistake so we can verify them and send this Bitcoin back. But so far, as of this posting, nobody has been able to verify it. If we cannot verify the details then we are giving it all back to the Bitcoin community! We feel like this Bitcoin does not belong to us or our members and because it was a mistake made from what looks to be a pretty shady source we can use it for good if nobody comes forward to claim it. This gives us an opportunity to prove we are one of the good guys in this industry and despite the stigma of being an MLM and being in the Bitcoin space we can operate in an ethical manner for the benefit of everyone. So, here is what we are going to do... We are going to give the rightful owner 1 week to contact us and verify themselves. If nobody emerges during this time then we are going to donate the entire 291 Bitcoin back to the community or to a Bitcoin related charity. Ideally, we would like to provide a portion to Bitcoin core development, the Bitcoin Foundation, and we will be open for other allocation options that benefit the community as a whole! We hope this opens up some eyes as to what kind of organization we are, but honestly people will more than likley continue to believe what they want and we will continue to do what we've been doing since we launched BitClub Network 18 months ago... EXECUTE OUR MODEL! We will keep you posted as we try and validate the owner of this transaction, but one thing is for sure... We will not be keeping this Bitcoin either way!
Sincerely, -BCN Support Team

we will be open for other allocation options that benefit the community as a whole

What am I looking at, and why is your second link asking me to download an executable?

http://s32.postimg.org/d2kzfhyo5/Capture.png

Please provide a link to an official public statement made by Bitclub. ty.

So it really happened. Today BitClub donated BTC146 (~$66,000) to Bitcoin Foundation:

http://www.coindesk.com/bitcoin-foundation-donation-mining-pool/

https://blockchain.info/tx/3de749f519c5e90ac8ece5bc3a081f712a902d2a0140ca2a1d3e3b6f463232a5

Wow, seriously? To the Bitcoin foundation? OUCH :D

what happened to the rest of the coins? (145btc...)

At press time, it remains unclear which additional entity or entities received the remaining 145 BTC. Further, analysis of the transaction suggests the actual bitcoins sent to the Foundation were not those received in the original fee transaction. Representatives for BitClub were unresponsive to attempts for additional clarity.

There are no ways to stop this from happening other than being sober when you are doing bitcoin transactions. I just fail to see how anyone would send this retarded amount of BTC for fees unless you are really high on some serious shit. It's your responsibility to send the correct fee, not the miner's to give this fee back to you.

But if I recall correctly, BitClub said they'll share a portion of that fee with their customers (those who purchased cloud mining with them).

I would guess BitClub decided to donate one half of the bounty to the Bitcoin Foundation to appease the Bitcoin community so as to not start an uprising against them and the other half they will keep to themselves. Maybe BitClub will spread some 45 Bitcoins among their shareholders and the remaining 100 coins will go to the owners' personal Bitcoin wallet  ;)

So it really happened. Today BitClub donated BTC146 (~$66,000) to Bitcoin Foundation:

http://www.coindesk.com/bitcoin-foundation-donation-mining-pool/

https://blockchain.info/tx/3de749f519c5e90ac8ece5bc3a081f712a902d2a0140ca2a1d3e3b6f463232a5

giving bribes so they can keep some good amount of bitcoins to themselves without complains?

They should wait some more time at least

They didn't have to give it back, to be fair, so I appreciate this gesture. With that being said, I can think of a million other organizations that could have used that value for a much better cause. But, at least it will do some good, hopefully.

So it really happened. Today BitClub donated BTC146 (~$66,000) to Bitcoin Foundation:

http://www.coindesk.com/bitcoin-foundation-donation-mining-pool/

https://blockchain.info/tx/3de749f519c5e90ac8ece5bc3a081f712a902d2a0140ca2a1d3e3b6f463232a5

https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d


 ;D

This is the first time I saw an error in the blocks. Just wow! What the hell happened? Lol.

Wow, That's amazing. 291.2409 BTC only for 0.0001 BTC transaction?What happens with a block at that time. I'm speechless to see that.Blockchain is confused at that time. :D

This is the first time I saw an error in the blocks. Just wow! What the hell happened? Lol.

This is the first time I saw an error in the blocks. Just wow! What the hell happened? Lol.

https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d


 ;D

I think that was intentionally, the sender set the miner fee with 291BTC IMHO
You are not just lucky to mine that fee, you can have a long vacation in any big countries you choose.