Bitcoin Forum

Economy => Economics => Topic started by: bitkilo on December 10, 2014, 03:20:35 AM



Title: Large BTC Transactions!
Post by: bitkilo on December 10, 2014, 03:20:35 AM
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


Title: Re: Large BTC Transactions!
Post by: bitkilo on December 10, 2014, 03:22:19 AM
This one is a little bigger and with no fee!
Amount: $422.528.32
Fee: $0.00
Tx: https://blockchain.info/tx/dfc6b2b3a4906703635f3c8239182aace3ef2aa2e348526488e05a8b1fac56c5


Title: Re: Large BTC Transactions!
Post by: Omikifuse on December 10, 2014, 03:23:43 AM
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 ???

It kinda of makes no sense ???


Title: Re: Large BTC Transactions!
Post by: bitkilo on December 10, 2014, 04:44:18 AM
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


Title: Re: Large BTC Transactions!
Post by: thefunkybits on December 10, 2014, 06:07:04 AM
$200,000 transactions aren't too uncommon to see on the blockchain

It's the multi-million dollar ones that get me excited!


Title: Re: Large BTC Transactions!
Post by: bitkilo on December 10, 2014, 06:10:10 AM
$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.


Title: Re: Large BTC Transactions!
Post by: gablay12 on December 10, 2014, 06:51:21 AM
91.000.000 USD.Good figure. ;D


Title: Re: Large BTC Transactions!
Post by: lihuajkl on December 10, 2014, 07:45:36 AM
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.   


Title: Re: Large BTC Transactions!
Post by: trishs on December 10, 2014, 09:22:24 AM
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.


Title: Re: Large BTC Transactions!
Post by: BitmoreCoin on December 10, 2014, 11:56:11 AM
Why someone with such giant amount to move put no tax in the transaction ???
It kinda of makes no sense ???

We only pay tax if we have to.


Title: Re: Large BTC Transactions!
Post by: botany on December 11, 2014, 03:46:07 AM
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 ???

It kinda of makes no sense ???

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


Title: Re: Large BTC Transactions!
Post by: 1Referee on December 11, 2014, 01:14:30 PM
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 ???

It kinda of makes no sense ???

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  :D


Title: Re: Large BTC Transactions!
Post by: adaseb on December 11, 2014, 02:56:30 PM
Those large transaction are probably webmasters or pool operators who use cold storage.


Title: Re: Large BTC Transactions!
Post by: teukon on December 11, 2014, 08:24:12 PM
But I agree, supporting the network with only 0.0001 fee won't make them lose a lot  :D

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.


Title: Re: Large BTC Transactions!
Post by: 1Referee on December 12, 2014, 12:59:04 AM
But I agree, supporting the network with only 0.0001 fee won't make them lose a lot  :D

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