15btc transaction fee, big mistake

[randy8777]

i wonder if this person have made an attempt to contact the pool that mined that block. it's no guarantee that they will return anything, but at least its worth a try.

[damiano]

Lol  It will help for them to pay attention to what they're doing next time. If they can mistake a fee its funny to think of the typos they've made sending funds to someone.

[Dekker3D]

He must've clicked on the transaction box in his qt wallet and thought that the numbers there are in Bits and not BTC. Lucky miners who are in a pool who mined that block.

[STT]

That would be a really big deal if a pool returned the fee.   They arent obliged to but would show an understanding that everyone makes mistakes.  I guess it would be easy enough to just put it back to the original address.    My point is this should not be possible in a correct system, the military have terms for why these events always occur SNAFU basically.  If it can go wrong it will, dont blame the person just dont leave these giant mistakes possible in the normal setup and call it user friendly

[LoyceV]

Yesterday I found a new block with almost 5 bitcoin in fees (usually it's 0.25 to 0.5 per block), so there too I think someone must have made a huge mistake.

[Alaki]

How could this happen??

They've created a custom transaction & made a typo error, I'd guess.

I thought all fees deducted by automatic.

Neh, custom transactions 've custom(manual) fee option.

Can take this back?

Yep, if the miner # 400893 wants to(agrees), I'd guess (not sure).

Yesterday I found a new block with almost 5 bitcoin in fees (usually it's 0.25 to 0.5 per block), so there too I think someone must have made a huge mistake.

Basically, this is normal, you know 'coz the (crypto)world is'nt so small.

[dhimasnk]

Wooowww, incredible transaction. I would feel very sick if I have it

[faridkifly]

wow! for godness sake.
it's unbelieveable fees dude, since i saw it i just cant realize the fees 

[eyeknock]

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

awesome, i think that there is someone somewhere who didn't wake up from bed yet because is still crying. Maybe the reason was because a bot manage it automatically and crash while was setting the fees, dunno.

[craked5]

Everyone here is talking about human mistake.

But seriously? 15btc fee a mistake?

Well for sure that's an heavy one!
But I wouldn't be so sure it's a mistake. I don't even know how you could do one like that!

[franky1]

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?

to answer this is to understand the difference between a mining pool and a mining farm

a mining farm is a 100% owned by one company and all the ASICS are 100% owned by that company.
a mining pool is individuals, groups and multiple companies working together as a pool/syndicate.

the block was mined by F2pool which is not farm(single entity with 100% ownership of all the asics), but IS a pool.
now to get to the payout part:

F2pool (previously discusfish) has a 4% fee. so F2pool keeps 4% and the other 96% is divided by the shares of the individuals hashing.

eg the reward is 41.13939715, f2pool owner gets 1.64557589 and the rest gets shared out by the other miners.

if it was a mining farm. the entire 41.13939715 would be kept by the farm owner

[AliceWonderMiscreations]

in the past when such has occurred, it was due to someone doing some custom client stuff and making a mistake, or so they said. unless the sender comes forward here, we'll never know.

reversible? nope.

Hence why there is a test network...

[AliceWonderMiscreations]

It might seem funny or even fortunate for such luck in that large a transaction fee but Im thinking its a bad mistake for bitcoin overall if this is easily possible.

Yeah, the hard fork for the july '17 block size increase should include to prevent this,

Hence why it is wise to wait with a hard fork - it lets you put other stuff in that is needed and do it all at once.

[Amph]

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

i think i understood correctly, the pool operator can decide to not give anything as a fee concerned, yes he can be seen as a bad pool and none will mine there anymore, but he can still do it when fee will be very important

what i mean is that in the future when fee will be everything, many miners can decide to mine in solo to take all the reward, and not hoping for a pool to split the reward that he own

[ivanleung]

At least he got his transaction confirmed quickly.

F2Pool will return his money, I guess.

lol, I don't think F2pool would do it. Lucky pool!

[pedrog]

At least he got his transaction confirmed quickly.

F2Pool will return his money, I guess.

lol, I don't think F2pool would do it. Lucky pool!

Stuff like this happened once or twice before, pools gave the money back.

[BitHodler]

I think this dude was thinking he was playing with testnet Bitcoins, but he ended up learning a costly lesson.

[--Encrypted--]

looks like there's two more transactions that paid abnormal amount of fee recently. found this at reddit.
https://blockchain.info/tx/c6f9ae3d4e6c895594628a28a53e9c8436a8ba1aaf5f0dd1711ac2a3f4b893c6
https://blockchain.info/tx/15ccae9f8b2b4e554be12411b83624e8743244e95b7116447a7dde9a39fd2cbe

both have 4BTC fee. received by blockchain one minute apart. if it's the same guy then they lost 23.5BTC.

[LoyceV]

looks like there's two more transactions that paid abnormal amount of fee recently. found this at reddit.
https://blockchain.info/tx/c6f9ae3d4e6c895594628a28a53e9c8436a8ba1aaf5f0dd1711ac2a3f4b893c6
https://blockchain.info/tx/15ccae9f8b2b4e554be12411b83624e8743244e95b7116447a7dde9a39fd2cbe

both have 4BTC fee. received by blockchain one minute apart. if it's the same guy then they lost 23.5BTC.

I found one of those blocks yesterday by accident. I knew like 4.7 BTC fee in one block was a lot, but I didn't know how to find which transaction caused it (and I didn't want to go through it manually).

I notice something interesting: two transactions with 4 Bitcoin fee, within 29 seconds apart. And one of them is included 10 blocks later than the other.
In other words: does a higher fee really help for a faster transaction? What were those miners thinking skipping this one for so long?

I always believed a higher fee would give a higher priority, but apparently even 4 Bitcoin fee gives no guarantee to be included in the next few blocks!

[romero121]

This could never happen. Is there any possible way to get back those bitcoins which were considered as the transaction charge. Is anyone heard of such incident other than this?