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Author Topic: Some one paid 1.0394BTC as fee for 2 transactions.  (Read 4475 times)
sahliano
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December 28, 2015, 08:52:47 PM
 #61

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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December 29, 2015, 12:51:38 AM
 #62

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. Wink

https://bitcointalk.org/index.php?topic=135665

And 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/098b3a9faeb2c6e5dc42878b9d0a1106d4aafce72c85d0eab54c384652e0bdbc

At 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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December 29, 2015, 01:10:45 AM
 #63

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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Rainbot
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December 29, 2015, 01:45:03 AM
 #64

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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December 29, 2015, 01:46:46 AM
 #65

That's just crazy.... Why would anyone do that?

They're better off transferring money using PP or WU  Roll Eyes Roll Eyes
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December 29, 2015, 02:56:11 AM
 #66

Sounds like it was someone who really needed the money moved quick, probably for illegal reasons people mentioned above

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December 29, 2015, 03:04:47 AM
 #67

Mostly a big mistake of the sender
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December 29, 2015, 03:08:33 AM
 #68

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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December 29, 2015, 03:53:53 AM
 #69

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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December 29, 2015, 11:30:34 PM
 #70

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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December 29, 2015, 11:32:01 PM
 #71

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

So who will get the of bitcoon fee..?
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December 29, 2015, 11:41:38 PM
 #72

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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December 29, 2015, 11:45:51 PM
 #73

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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December 29, 2015, 11:57:59 PM
 #74

what a terrible mistake, i would be gutted with that........... Sad
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December 30, 2015, 12:16:48 AM
 #75

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

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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December 30, 2015, 12:52:00 AM
 #76

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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December 30, 2015, 02:23:24 AM
 #77

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

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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December 30, 2015, 04:25:18 AM
 #78

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

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  Wink
Mistakes can happen but I doubt that was one of them. He is santa to someone most definitely  Grin

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December 30, 2015, 05:30:54 AM
 #79

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

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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December 30, 2015, 05:59:17 AM
 #80

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
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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