15btc transaction fee, big mistake

[lrdeoliveira]

https://blockchain.info/tx/6fe69404e6c12b25b60fcd56cc6dc9fb169b24608943def6dbe1eb0a9388ed08

how the hell can someone goes wrong like this in put the fees, there's a possibility that this tx was a sort of test?

[Mickeyb]

the mining fee is divided proportionally by the hash of the miners right? if you have 1/10 of the hash you get 1/10 of the total fee?

No. Only one party (the one mining the block) will get 100% of the money.

wait, how it work with pool then? it must be divided in the end, or the pool get all the money from fees?

I think you're confusing Bitcoin protocol with pool rules. The pool first gets the BTC for the block, and might or might not pay the transaction fees as the part of dividends

[WhatTheGox]

I'm looking at it and wow!  Four confirmations....ouch....Is there any imaginable way to reverse that transaction or remedy it in anyway?  Could it have been on purpose?  Some ledger manipulation thing or something, or was just fat fingered?

whoever mined block #400893 and collected the fee can return them if they choose to do so. bitfury did that in the past. (someone correct me if I'm mistaken.)
don't know if that was just a mistake or not.

Someone would have to confirm the mistake and prove its them.  I think if they did that the miner should return the mistake and show we dont need gov to force moral judgement. Watch this space i guess.

[NUFCrichard]

even a fee with 15 btc will not make his transaction more faster than any other people with proper fees,i assume the sender forget to set the currency in USD so he think he's sending right amount of fees with value 15 USD  while he didn't realize that the currency still bitcoin

I would guess that they wanted to increase the fee they pay due to the full blocks problem at the moment.  Maybe they wanted 1.5mBTC or even 15mBTC as a fee, but messed it up.

It is a fairly crazy problem to have, on the one hand it is awful for the person who sent it.
On the other hand, they had at least 18BTC, so probably aren't poor!  Hopefully they are very well off and won't miss $6k

[1Referee]

even a fee with 15 btc will not make his transaction more faster than any other people with proper fees,i assume the sender forget to set the currency in USD so he think he's sending right amount of fees with value 15 USD  while he didn't realize that the currency still bitcoin

Well, a pool will always prefer to include a transaction with such a high fee over a transaction with a normal fee. Especially when the size of the transaction is just 0.23KB. It's peanuts for the pools.

[wildan88]

OMG I can not imagine if it happened to me

I do not know how fees could be as big as it was, should not change the fees and let it automatically.

[Denker]

Oh Geeez!!
And the lucky winner is F2Pool!
Congratz gentleman!
A block which includes fees worth 60% of the actual reward.

[DimensionZ]

Oh God this must be the highest fees I have ever seen in a transaction. I think this must be human error and not some script messing up and sending the wrong fees. I hope the sender is doing OK and not taking this too seriously on himself.

[Amph]

the mining fee is divided proportionally by the hash of the miners right? if you have 1/10 of the hash you get 1/10 of the total fee?

No. Only one party (the one mining the block) will get 100% of the money.

wait, how it work with pool then? it must be divided in the end, or the pool get all the money from fees?

The pool gets all the money (25 BTC+fees) and can then distribute the money to its users. Or not, depending on the pool operator and its rules. This is not part of the bitcoin protocol.

that's bad, i thought that the fee's destiny was the same as the reward, they should fix this to prevent centralization of the money when the reward will be worthless

the mining fee is divided proportionally by the hash of the miners right? if you have 1/10 of the hash you get 1/10 of the total fee?

No. Only one party (the one mining the block) will get 100% of the money.

wait, how it work with pool then? it must be divided in the end, or the pool get all the money from fees?

I think you're confusing Bitcoin protocol with pool rules. The pool first gets the BTC for the block, and might or might not pay the transaction fees as the part of dividends

i'm not confusing, i was convinced that the fee were divided like the block reward, and this is not the case then it should be fixed for the future

otherwise how the miners will survive when the block reward will be pointless?

[Mickeyb]

that's bad, i thought that the fee's destiny was the same as the reward, they should fix this to prevent centralization of the money when the reward will be worthless

i'm not confusing, i was convinced that the fee were divided like the block reward, and this is not the case then it should be fixed for the future

otherwise how the miners will survive when the block reward will be pointless?

I don't think you understood. The block reward , along with the tx fees goes to the miner who found the block, which in this case is the pool operator. It is up to the pool to then divide and send the miners , their dividends according to their hashrate

[trace666]

that's bad, i thought that the fee's destiny was the same as the reward, they should fix this to prevent centralization of the money when the reward will be worthless

i'm not confusing, i was convinced that the fee were divided like the block reward, and this is not the case then it should be fixed for the future

otherwise how the miners will survive when the block reward will be pointless?

I don't think you understood. The block reward , along with the tx fees goes to the miner who found the block, which in this case is the pool operator. It is up to the pool to then divide and send the miners , their dividends according to their hashrate

... and if the pool operator makes rules that won't give miners any reward, you can rest assured that miners will not mine for the pool. So the problem solves itself using market dynamics

[mkg96]

I don't know if it's an error or whatever could have happened there, but man, that must hurt real hard, I cannot imagine how would I react with that lost.

Anyway there should be some type of control or fix to prevent more things like that happening..

[robelneo]

How could that possible is this a human error ,that error is indeed huge i have never had issues on fees I thought it's automated the transaction fee will automatically added to the funds being send,is this error an isolated or will it happen again..

[Naoko]

How could that possible is this a human error ,that error is indeed huge i have never had issues on fees I thought it's automated the transaction fee will automatically added to the funds being send,is this error an isolated or will it happen again..

its a human error i guess, some client have an option to set fees manually and personally for me i accidentaly sent a transaction with .05btc as fee which should be the transaction amount

[ATguy]

Why would someone do that ! Its most likely to be a typing error maybe the person was entering 0.15 BTC or something.

How could that possible is this a human error ,that error is indeed huge i have never had issues on fees I thought it's automated the transaction fee will automatically added to the funds being send,is this error an isolated or will it happen again..

Most often this happens when people dont use wallet clients which taking care of everything. When you create transaction yourselves you might not realize everything you dont use is basically fee. Like if you have 10 BTC and you need pay 3 BTC to someone, you need to send the remaining 7 BTC to yourselves in the same transaction otherwise 7 BTC become a fee. Wallet clients taking care of everything but if you create transaction yourselves you might make such mistake...

[calkob]

I feel their pain this morning.  absolute nightmare 

[n0ne]

It looks to be a bad starting for the user. How such incident happens. Even most users getting into bitcoin due to its reduced transaction fees. Soon this needs to be rectified. Human won't do such a big mistake.

[talkbitcoin]

how it he world is that even possible?

15BTC is $6300

when i want to send $1 i double check everything and then send it, it will only take a second to check!

[BitcoinSupremo]

I would be happy to have 15 BTC and I am pretty sure I will never make this mistake for such a huge amount. I hope the guy/girl haven't had a heart attack when they have seen what they have done.

[nickaizoku]

How could this happen?? I thought all fees deducted by automatic.
Or they put manual fees? Anyway is this your transaction? Feel so hurt when saw this much fees paid.
Can take this back?