1Referee (OP)
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December 28, 2015, 10:40:38 AM |
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Erkallys
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December 28, 2015, 10:47:15 AM |
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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.
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Betwrong
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December 28, 2015, 10:52:10 AM |
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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.
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. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
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Denker
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December 28, 2015, 10:58:32 AM |
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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.
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lethalethereal
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December 28, 2015, 11:01:47 AM |
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Is that even possible? O.o
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Lauda
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December 28, 2015, 11:03:29 AM |
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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.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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zetaray
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December 28, 2015, 11:05:10 AM |
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Probably a newbie who doesn't know how fees work. There is no room for error when creating txs.
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1Referee (OP)
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December 28, 2015, 11:10:37 AM |
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Is that even possible? O.o
Yep. You can set any fee you want. 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. 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.
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belmonty
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December 28, 2015, 11:12:04 AM |
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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.
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helloeverybody
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December 28, 2015, 11:26:18 AM |
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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.
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TastyChillySauce00
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December 28, 2015, 11:55:56 AM |
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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
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Amph
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December 28, 2015, 11:58:05 AM |
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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
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Blind Legs Parker
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December 28, 2015, 11:59:06 AM |
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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.
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Vous pouvez maintenant refermer ce topic et reprendre une activité normale. À ciao bonsoir.
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Meuh6879
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December 28, 2015, 12:10:55 PM |
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In 1 word : noob.
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Lauda
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December 28, 2015, 12:11:39 PM |
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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.
I never said that it was not enough. I don't see the importance/relevance of your statement towards mine.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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Rubberduckie
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December 28, 2015, 12:23:16 PM |
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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.
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a7mos
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December 28, 2015, 12:34:50 PM |
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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 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 ?
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Windpower
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December 28, 2015, 12:39:51 PM |
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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?
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European Central Bank
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December 28, 2015, 12:54:02 PM |
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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.
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1Referee (OP)
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December 28, 2015, 12:56:26 PM |
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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.
I never said that it was not enough. I don't see the importance/relevance of your statement towards mine. 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. 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. That suggests something right?
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coinzat
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Young but I'm not that bold
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December 28, 2015, 12:59:52 PM |
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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 !
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neochiny
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December 28, 2015, 01:07:41 PM |
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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.
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randy8777
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December 28, 2015, 01:18:09 PM |
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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.
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Dmc123dmc
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December 28, 2015, 01:22:00 PM |
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Ouch, I would kick my own ass if i did that!!!
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Dotakels
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December 28, 2015, 01:23:40 PM |
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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/
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Bugf1x
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December 28, 2015, 01:26:03 PM |
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Must be a mistake, there's no need for such a high fee.
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btcprospecter
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December 28, 2015, 01:29:42 PM |
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That could be a really expensive mistake. Unless they just had money to throw away
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ranochigo
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December 28, 2015, 01:30:50 PM |
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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
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.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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Amph
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December 28, 2015, 01:44:15 PM Last edit: December 28, 2015, 07:27:54 PM by Amph |
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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
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
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franky1
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December 28, 2015, 01:48:32 PM |
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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
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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P-Funk
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December 28, 2015, 01:53:56 PM |
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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
Yup when this sort of thing happens it's usually someone making a manual transaction and screwing it up.
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ranochigo
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December 28, 2015, 02:01:56 PM |
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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
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 hacked at that time did it for taht reason on bitstamp 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.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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CIYAM
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December 28, 2015, 02:02:32 PM |
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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=135665And 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).
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xhomerx10
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December 28, 2015, 02:06:42 PM |
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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.
I never said that it was not enough. I don't see the importance/relevance of your statement towards mine. 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. 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. That suggests something right? Yes the way it was worded implied the high fee was necessary for swift processing in this case. Simple misunderstanding.
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franky1
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December 28, 2015, 02:39:37 PM |
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(it seems fairly obvious that the tx creator forgot to add a "change output").
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
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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CIYAM
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Activity: 1890
Merit: 1075
Ian Knowles - CIYAM Lead Developer
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December 28, 2015, 02:49:33 PM |
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they just didnt calculate the amount to send back correctly
Oh - yes - hmm... that does make you wonder then (perhaps a typo?).
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HeroCat
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December 28, 2015, 02:54:49 PM |
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I think it is just a mistake. No one would spend so much as the transaction fee, this is clear.
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AtheistAKASaneBrain
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December 28, 2015, 02:58:24 PM |
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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.
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robelneo
Legendary
Online
Activity: 3234
Merit: 1202
Bons.io Telegram Casino
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December 28, 2015, 03:14:11 PM |
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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.
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
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smiletyson
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December 28, 2015, 03:30:12 PM |
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Relayed bt IP: blockchain.info Wallet is probably web wallet.
A warning should be displayed by wallets while sending with these kinda huge fees.
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hawkins
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December 28, 2015, 03:44:00 PM |
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I think it was a mistake, but it's really suspicious transactions, whether it's one of the dark dealings of the underworld ?? hahaha That really interesting
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ranochigo
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Activity: 2954
Merit: 4166
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December 28, 2015, 03:57:48 PM |
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Relayed bt IP: blockchain.info Wallet is probably web wallet.
A warning should be displayed by wallets while sending with these kinda huge fees.
Or a raw TX constructed by user and relayed using: https://blockchain.info/pushtxIf 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.
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 If only the fee, it still can be recovered if pool which mined block that transaction want to give back it. In past someone made same mistake, but the pool which mined block which has his transaction found out about this mistake & he gave back the huge fee to the owner. But, i wonder if there are any pool which would do that 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/
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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thejaytiesto
Legendary
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Activity: 1358
Merit: 1014
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December 28, 2015, 03:59:33 PM |
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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.
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smiletyson
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December 28, 2015, 04:01:28 PM |
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Relayed bt IP: blockchain.info Wallet is probably web wallet.
A warning should be displayed by wallets while sending with these kinda huge fees.
Or a raw TX constructed by user and relayed using: https://blockchain.info/pushtxIf 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.
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 If only the fee, it still can be recovered if pool which mined block that transaction want to give back it. In past someone made same mistake, but the pool which mined block which has his transaction found out about this mistake & he gave back the huge fee to the owner. But, i wonder if there are any pool which would do that 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 don't think it's a pushed raw transaction. Because you should say the miners fee to the wallet software.
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ATguy
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December 28, 2015, 04:06:05 PM |
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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 !
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.
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worhiper_-_
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December 28, 2015, 04:08:46 PM |
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Adoption is just around the corner, this is just more proof that bitcoin is simple to use.
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smiletyson
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December 28, 2015, 04:09:02 PM |
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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 !
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. Is there a source for that? I don't think this double spend feature will be added to the core wallet.
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ranochigo
Legendary
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Activity: 2954
Merit: 4166
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December 28, 2015, 04:10:49 PM |
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Relayed bt IP: blockchain.info Wallet is probably web wallet.
A warning should be displayed by wallets while sending with these kinda huge fees.
Or a raw TX constructed by user and relayed using: https://blockchain.info/pushtxIf 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.
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 If only the fee, it still can be recovered if pool which mined block that transaction want to give back it. In past someone made same mistake, but the pool which mined block which has his transaction found out about this mistake & he gave back the huge fee to the owner. But, i wonder if there are any pool which would do that 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 don't think it's a pushed raw transaction. Because you should say the miners fee to the wallet software. 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.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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HarryKPeters
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December 28, 2015, 06:24:42 PM |
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Adoption is just around the corner, this is just more proof that bitcoin is simple to use.
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
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ACAB
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December 28, 2015, 06:43:57 PM |
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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.
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Amph
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Activity: 3206
Merit: 1069
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December 28, 2015, 07:28:50 PM |
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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
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 hacked at that time did it for taht reason on bitstamp 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. 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
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maokoto
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December 28, 2015, 07:52:45 PM |
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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
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knowhow
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December 28, 2015, 08:02:35 PM |
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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.
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equator
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Activity: 1190
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December 28, 2015, 08:04:33 PM |
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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.
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vlom
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Activity: 1498
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December 28, 2015, 08:07:31 PM |
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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.
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l8nit3
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Activity: 1007
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December 28, 2015, 08:17:40 PM |
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Am i correct in reading that both transaction amounts were actually less then 1 BTC each??? with that high of a tx fee??
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Newcoins2020
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December 28, 2015, 08:24:22 PM |
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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.
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.
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richardsNY
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December 28, 2015, 08:29:09 PM |
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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.
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vlom
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December 28, 2015, 08:48:56 PM |
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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.
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. 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?
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Hugroll
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December 28, 2015, 08:50:26 PM |
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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.
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sahliano
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Activity: 98
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December 28, 2015, 08:52:47 PM |
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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
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1Referee (OP)
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Activity: 2170
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December 29, 2015, 12:51:38 AM |
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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=135665And 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). 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/098b3a9faeb2c6e5dc42878b9d0a1106d4aafce72c85d0eab54c384652e0bdbcAt 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.
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btckold24
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Activity: 434
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
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December 29, 2015, 01:10:45 AM |
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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
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ranochigo
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Activity: 2954
Merit: 4166
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December 29, 2015, 01:45:03 AM |
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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
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 hacked at that time did it for taht reason on bitstamp 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. 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 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/
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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Odien
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December 29, 2015, 01:46:46 AM |
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That's just crazy.... Why would anyone do that? They're better off transferring money using PP or WU
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Moneyburner
Member
Offline
Activity: 112
Merit: 10
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December 29, 2015, 02:56:11 AM |
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Sounds like it was someone who really needed the money moved quick, probably for illegal reasons people mentioned above
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langedwig
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December 29, 2015, 03:04:47 AM |
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Mostly a big mistake of the sender
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nichu
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December 29, 2015, 03:08:33 AM |
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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
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davinchi
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Activity: 2100
Merit: 1058
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December 29, 2015, 03:53:53 AM |
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Mostly a big mistake of the sender
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.
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johnyj
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Beyond Imagination
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December 29, 2015, 11:30:34 PM |
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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
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Ains_sama
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December 29, 2015, 11:32:01 PM |
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So who will get the of bitcoon fee..?
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Omikifuse
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Activity: 1750
Merit: 1009
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December 29, 2015, 11:41:38 PM |
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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.
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Cyaren
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December 29, 2015, 11:45:51 PM |
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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.
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calkob
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December 29, 2015, 11:57:59 PM |
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what a terrible mistake, i would be gutted with that...........
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johnyj
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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December 30, 2015, 12:16:48 AM |
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So who will get the of bitcoon fee..? Discus Fish is the pool mined this block 390619 (most probably) so it is likely their own transaction
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LAMarcellus
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December 30, 2015, 12:52:00 AM |
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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??
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The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion. – Albert Camus
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ACAB
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December 30, 2015, 02:23:24 AM |
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So who will get the of bitcoon fee..? Discus Fish is the pool mined this block 390619 (most probably) so it is likely their own transaction 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.
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mixan
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TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
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December 30, 2015, 04:25:18 AM |
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So who will get the of bitcoon fee..? 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
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The parasite hates three things: free markets, free will, and free men.
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macbook-air
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December 30, 2015, 05:30:54 AM |
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So who will get the of bitcoon fee..? Discus Fish is the pool mined this block 390619 (most probably) so it is likely their own transaction No. They are not our transactions.
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yoona
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Live by your own rules
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December 30, 2015, 05:59:17 AM |
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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%
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gkv9
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!!! RiSe aBovE ThE StoRm !!!
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December 30, 2015, 11:31:31 AM |
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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...
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ausbit
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December 30, 2015, 07:51:07 PM |
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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% 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.
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SmartIphone
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December 30, 2015, 07:55:30 PM |
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Probably it was a mistake when sending the bitcoins, this can happen. But i wonder, was it confirmed very fast , really waste of hundreds of dollars.
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Betwrong
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I stand with Ukraine.
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January 03, 2016, 10:47:38 AM |
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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.
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?
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Watershin
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January 03, 2016, 11:22:00 AM |
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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
Even if he used 1% of the fees he paid, he would get high priority.
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Raimonn
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January 03, 2016, 11:24:30 AM |
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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.
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Watershin
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January 15, 2016, 06:35:34 PM |
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Is there any follow up of the big fee event? Has the fee been returned?
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xdrpx
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January 15, 2016, 06:37:52 PM |
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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.
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partysaurus
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January 22, 2016, 12:39:06 AM |
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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.
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acroman08
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January 22, 2016, 02:14:08 AM |
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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.
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jacktheking
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Personal Text Space Not For Sale
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January 22, 2016, 02:18:28 AM |
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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.
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So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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DrLove2048
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January 22, 2016, 02:42:50 AM |
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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
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Jeremycoin
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𝓗𝓞𝓓𝓛
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January 22, 2016, 02:58:06 AM |
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I think it just some kind of rich guy who has so much Bitcoin and doesn't know how to spend all of it
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faucet used to be profitable
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DarkStar_
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January 22, 2016, 03:03:08 AM |
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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'm guessing it's #2. I really doubt it's a prank because no one would spend that much money on a prank...
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taking a break - expect delayed responses
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rajat08
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January 22, 2016, 04:32:45 AM |
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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.
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YoonYeonghwa
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January 22, 2016, 05:04:50 AM |
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O oh retard alert. What stupid person would do this? That is just way over the top for transaction fees.
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BlindMayorBitcorn
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January 22, 2016, 05:09:43 AM |
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I do believe the impending fee market will surprise a lot of people. Like a hammer to the elbow.
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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arbitrage
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January 22, 2016, 03:35:26 PM |
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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!
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calkob
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January 22, 2016, 03:37:14 PM |
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Did we ever find out if someone had paid that amount of fee by mistake? no sane person could have possibly meant it.
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elizabethqueen
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February 09, 2016, 12:37:28 PM |
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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?
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DMB
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February 09, 2016, 12:49:07 PM |
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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.
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
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