BayAreaCoins (OP)
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Activity: 3920
Merit: 1240
Owner at AltQuick.com & FreeBitcoins.com
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July 06, 2015, 02:45:29 PM |
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Whoever mines the block which ends up containing your transaction will get its fee.
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unamis76
Legendary
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Activity: 1512
Merit: 1005
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July 06, 2015, 02:47:37 PM |
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Someone very rich and generous or someone very rich and not really knowledgeable of the Bitcoin client
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achow101
Staff
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Activity: 3388
Merit: 6577
Just writing some code
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July 06, 2015, 02:49:15 PM |
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Either someone likes to help the miners, or they are making transactions incorrectly.
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RodeoX
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Activity: 3066
Merit: 1145
The revolution will be monetized!
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July 06, 2015, 02:53:08 PM |
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Weird. At first I wondered if they mixed up the fee and transferred amount, but it does not look like that. Is there a reason a mine pool might do this to boost their payout, maybe to get miners to join?
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S4VV4S
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July 06, 2015, 02:54:46 PM |
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I am guessing it was by mistake. 3 of those transactions were made on the same day and the fourth was made the next day. Wrong configuration probably.
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ncsupanda
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Activity: 1628
Merit: 1012
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July 06, 2015, 02:56:05 PM |
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Take note of the fact that this took place in 2011 - the amount of Bitcoin at the time was ridiculously small.
It could have been an error or some sort of testing of new software that led to this. Either way at the time I'm sure it wasn't seen as a loss.
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pooya87
Legendary
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Activity: 3444
Merit: 10524
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July 06, 2015, 02:59:10 PM |
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i have heard about a big transaction fee which happened one time only. and it was a mistake , as big as 200 BTC ($25000). and it was refunded back. https://www.reddit.com/r/Bitcoin/comments/1lb5my/asicminer_refunds_the_accidental_200_btc/but this looks more like bribing rather than a mistake since it has happened more than once!!!
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unent
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July 06, 2015, 03:09:44 PM |
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The Bitstamp hacker paid ridiculously high fees to try and get his coins moved out of the Bitstamp hot wallet in the shortest possible time. That address might have belonged to a hacker who wanted to steal someone's coins fast,before they noticed anything was going on. To pay those fees more than once is not likely to be by mistake.
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Beliathon
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July 06, 2015, 03:12:22 PM |
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Take note of the fact that this took place in 2011 - the amount of Bitcoin at the time was ridiculously small. This, back then these amounts were dust, 250 BTC was worth only like 400$
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scarsbergholden
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July 06, 2015, 03:20:18 PM |
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Talk about dust amounts back in the day, give someone 250 btc they would be happy like a kid with a new toy, the evolution with in the system and the bitcoin economy at play.
where would be at in the next 3 years 2.5 btc would be the price 250 btc now.
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LiteCoinGuy
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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July 06, 2015, 03:24:26 PM |
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a very generous gentleman
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--Encrypted--
Copper Member
Legendary
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Activity: 924
Merit: 1007
hee-ho.
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July 06, 2015, 03:27:44 PM |
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Take note of the fact that this took place in 2011 - the amount of Bitcoin at the time was ridiculously small. This, back then these amounts were dust, 250 BTC was worth only like 400$ that is still a lot of money to go throwing around. I wonder why that person multiply the amount after the second transaction. it's very odd if you ask me. it's like whoever sent that thought that he was gambling or something
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Amph
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Activity: 3206
Merit: 1069
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July 06, 2015, 04:09:59 PM |
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that's only 10 blocks to the miners, maybe he is a miners himself, so one can not know for sure if he is really wasting btc on fee or not Take note of the fact that this took place in 2011 - the amount of Bitcoin at the time was ridiculously small. This, back then these amounts were dust, 250 BTC was worth only like 400$ if you see the true potential of bitcoin, you can agree that it can still consider it a dust
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BillyBobZorton
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Activity: 1204
Merit: 1028
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July 06, 2015, 04:11:18 PM |
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Take note of the fact that this took place in 2011 - the amount of Bitcoin at the time was ridiculously small.
It could have been an error or some sort of testing of new software that led to this. Either way at the time I'm sure it wasn't seen as a loss.
True, this was chump change for anyone that was an early adopter back then. 250 BTC was the equivalent of a relatively small transaction fee nowadays with a plus to go faster.
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Beliathon
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July 06, 2015, 05:54:35 PM |
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Take note of the fact that this took place in 2011 - the amount of Bitcoin at the time was ridiculously small. This, back then these amounts were dust, 250 BTC was worth only like 400$ that is still a lot of money to go throwing around. That's relative to one's total wealth.
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ACCTseller
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July 07, 2015, 02:04:11 AM |
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Take note of the fact that this took place in 2011 - the amount of Bitcoin at the time was ridiculously small.
The price of bitcoin at the time was well over a dollar, I would guesstimate, roughly $5 per bitcoin, so 200 BTC in fees would put it's value at roughly $1,000.00. It could have been an error or some sort of testing of new software that led to this. Either way at the time I'm sure it wasn't seen as a loss.
I would think a $1,000 fee would be seen as a lost to most people. At the time, the difficulty was significantly lower, so it is possible that the owner of that address was the one who mined the block that confirmed the transaction, and the transaction was never publicly broadcast to the network prior to the block it was included in being found. Another possibility is that someone was trying to "mix" coins via paying large amounts of fees to a miner. The owner of the address would provide a signed transaction to the miner who would include it in his found block, and would later pay that person a percentage of the amount included as a tx fee to a different address.
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lorylore
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Activity: 1470
Merit: 1002
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July 10, 2015, 03:57:02 PM |
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How is it possible. Wow 170+ BTC in fees are huge. If it was now it will not be affected by stress test lol
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