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Author Topic: Some one paid 1.0394BTC as fee for 2 transactions.  (Read 4464 times)
1Referee (OP)
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December 28, 2015, 10:40:38 AM
 #1

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

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

This tx includes 0.7901BTC as fee; http://blockr.io/tx/info/07f11415bc6b6a4611c96812e2d40b8a53554e64c7f0bdf9a2bb7c6eeb2b43e7
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December 28, 2015, 10:47:15 AM
 #2

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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December 28, 2015, 10:52:10 AM
 #3

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

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

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

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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Denker
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December 28, 2015, 10:58:32 AM
 #4

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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December 28, 2015, 11:01:47 AM
 #5

Is that even possible? O.o
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December 28, 2015, 11:03:29 AM
 #6

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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December 28, 2015, 11:05:10 AM
 #7

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
 #8

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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December 28, 2015, 11:12:04 AM
 #9

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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December 28, 2015, 11:26:18 AM
 #10

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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December 28, 2015, 11:55:56 AM
 #11

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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December 28, 2015, 11:58:05 AM
 #12

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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December 28, 2015, 11:59:06 AM
 #13

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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December 28, 2015, 12:10:55 PM
 #14

In 1 word : noob.

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December 28, 2015, 12:11:39 PM
 #15

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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December 28, 2015, 12:23:16 PM
 #16

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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December 28, 2015, 12:34:50 PM
 #17

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 Cheesy
          
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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December 28, 2015, 12:39:51 PM
 #18

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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December 28, 2015, 12:54:02 PM
 #19

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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December 28, 2015, 12:56:26 PM
 #20

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. Wink

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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