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Author Topic: 291.2409 BTC for a 0.0001 BTC transaction .  (Read 9799 times)
instacalm
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April 26, 2016, 08:49:31 PM
 #21

Someone probably made a mistake again. let's see if anyone pops up requesting miners to return the fee...

That's an insane mistake there. There's no chance that user would get the fee back, as pool users would never agree on such things.
Can't even imagine what i would do if it happened to me. This is one of faults of bitcoin imho..
Wallets should have many failsafes to keep this from happening.

Absolutely agree with this
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April 26, 2016, 08:52:18 PM
 #22

Someone probably made a mistake again. let's see if anyone pops up requesting miners to return the fee...

Yes! It was me, I made a mistake.
Please return the fee to a BTC address of mine Cheesy Grin

Sign a message of GTFO haha Cheesy

Someone probably made a mistake again. let's see if anyone pops up requesting miners to return the fee...

That's an insane mistake there. There's no chance that user would get the fee back, as pool users would never agree on such things.
Can't even imagine what i would do if it happened to me. This is one of faults of bitcoin imho..

Pools have previously agreed in returning erroneously sent transactions with a huge fee.

Mined by Bitclub network (haven't heard of them until now).

https://twitter.com/aantonop/status/725042693500346368

Quote
Hey @BitClub_Network. Will you do the right thing? The entire community is watching. Your chance to demonstrate your principles

On the bright sight, TX got confirmed pretty quickly.

A quick search on them makes them look like a ponzi scam. let's see what comes out of here...


Someone probably made a mistake again. let's see if anyone pops up requesting miners to return the fee...

That's an insane mistake there. There's no chance that user would get the fee back, as pool users would never agree on such things.
Can't even imagine what i would do if it happened to me. This is one of faults of bitcoin imho..
Wallets should have many failsafes to keep this from happening.

Agreed. Manually adjusting fees should be on a separate screen from entering the transaction amount, with a confirm dialogue. Anything over a certain amount (such as 0.01 BTC) should receive multiple "Are you SURE???" warnings. Frankly, if I was authoring a wallet I'd simply disallow manual entry of fees that were above some level (such as 0.1 or 1.0 BTC) to prevent such a disaster. If someone actually had a need to send something with a huge fee let them seek out a special wallet/tool to do it, the rest of us should be immune to such catastrophic errors.

Yes, it would be helpful to have failsafes, but this isn't an issue to most users sending a normal transaction (mainly because many people have their fee settings on default). These things are normally done with custom clients.
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April 26, 2016, 09:06:39 PM
 #23

Ooh a really fat fee! Whoever managed to was the miner who mined that, kindly return the 250 btc to the address indicated in my profile. The rest you may keep for your honesty lel. Grin

Things like this do happen in the bitcoin ecosystem every now and then. Some are lucky to have theirs returned and others aren't.

#1 human error (unlikely)
#2 some script messed up
#3 just a miner having fun fusing inputs

1 is still possible. Drunk dude sent it? Who knows?
2 is somewhat probable, considering that most automated payments are run via scripts.
3 is, uhmm. Who would do that, really?

#3 is fine as long as you dont broadcast the TX to anyone else.

Probably is a fun thing to do: trolling the whole watchers of the blockchain and keep them thinking that someone had committed an error on inputting fees again. Grin

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April 26, 2016, 09:13:16 PM
 #24

Mined by Bitclub network (haven't heard of them until now).

https://twitter.com/aantonop/status/725042693500346368

Quote
Hey @BitClub_Network. Will you do the right thing? The entire community is watching. Your chance to demonstrate your principles

On the bright sight, TX got confirmed pretty quickly.

I can't view twitter. Does this mean the sender has identified themselves? Or is someone just asking them pre-emptively to refund the TX on the presumption (probably a safe one) that it's an error?

It's just Andreas Antonopoulos putting pressure on BitClub Network to return the money if the sender identifies himself and ask for it.

2 further tweets

Quote
@Itsjoeco Someone seems to have accidentally paid 300BTC in fees. @BitClub_Network could refund, if the originator asks for help fixing this

Quote
@Itsjoeco Of course @BitClub_Network is under no obligation to do anything. Caveat emptor and all. But it's a great chance to do good.

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April 26, 2016, 09:21:53 PM
 #25

Mined by Bitclub network (haven't heard of them until now).

https://twitter.com/aantonop/status/725042693500346368

Quote
Hey @BitClub_Network. Will you do the right thing? The entire community is watching. Your chance to demonstrate your principles

On the bright sight, TX got confirmed pretty quickly.

I can't view twitter. Does this mean the sender has identified themselves? Or is someone just asking them pre-emptively to refund the TX on the presumption (probably a safe one) that it's an error?






https://bitclubpool.com/index.php?p=stats
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April 26, 2016, 10:38:26 PM
 #26

What happen wow, 249 btc the fee is almost 0.0001 damn how it happen what is the explanations here,, wow.. Im shocked about this..
Do you think what happen why the fee is 0.0001?
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April 26, 2016, 10:50:16 PM
 #27

Was it human error or a deliberate transaction? I can't figure out what the reason behind that may be  Huh
I would say that more likely then not the transaction was a mistake and that the sender meant to pay a 0.0001BTC transaction fee and send 291.2409BTC to the address that ended up receiving 0.0001BTC.

It is possible that the sender had some kind of agreement with the mining pool that included the transaction in their block, in that the sender would send a transaction that has a very large tx fee that the pool would confirm and then the pool would subsequently send an equivalent amount of btc (minus some fee) to the address of the sender's choice. This would allow the sender to have increased privacy and for the pool to have some extra income. There would be the risk of the transaction being public once the block is found and that the found block getting orphaned, potentially causing another mining pool to collect those tx fees. Regardless I do not believe that this is the case here because blockchain.info's node appears to have seen the transaction ~2 minutes before it was confirmed into a block, meaning that it was "luck" that this particular pool included this transaction into their block.
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April 26, 2016, 10:56:50 PM
 #28

What happen wow, 249 btc the fee is almost 0.0001 damn how it happen what is the explanations here,, wow.. Im shocked about this..
Do you think what happen why the fee is 0.0001?
Could be someone mistyped or mis-clicked something and it ended up switching the two values.

Whoever it was really fucked up, and I feel sorry for him, because that's something like $112k lost as a fee.
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April 26, 2016, 11:16:50 PM
 #29

Please return the fee to a BTC address of mine Cheesy Grin
Of course, sign a message to prove the ownership and it is all yours.

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April 26, 2016, 11:39:52 PM
 #30

It's just a way to launder coins.
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April 27, 2016, 01:41:23 AM
 #31


wow, if these coins are returned, my faith in humanity would be restored.
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April 27, 2016, 02:03:55 AM
 #32

Someone probably made a mistake again. let's see if anyone pops up requesting miners to return the fee...

That's an insane mistake there. There's no chance that user would get the fee back, as pool users would never agree on such things.
Can't even imagine what i would do if it happened to me. This is one of faults of bitcoin imho..
Wallets should have many failsafes to keep this from happening.

Agreed. Manually adjusting fees should be on a separate screen from entering the transaction amount, with a confirm dialogue. Anything over a certain amount (such as 0.01 BTC) should receive multiple "Are you SURE???" warnings. Frankly, if I was authoring a wallet I'd simply disallow manual entry of fees that were above some level (such as 0.1 or 1.0 BTC) to prevent such a disaster. If someone actually had a need to send something with a huge fee let them seek out a special wallet/tool to do it, the rest of us should be immune to such catastrophic errors.

or maybe when the fee is a certain % of the transaction it will just refuse the transaction (you can adjust this option in your profile n same advanced settings maybe).
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April 27, 2016, 02:23:42 AM
 #33

The man who recieves is a luckiest man in bitcoin history! I think he would be a millionare now, Very lucky guy
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April 27, 2016, 03:11:37 AM
 #34

What happen wow, 249 btc the fee is almost 0.0001 damn how it happen what is the explanations here,, wow.. Im shocked about this..
Do you think what happen why the fee is 0.0001?
Could be someone mistyped or mis-clicked something and it ended up switching the two values.

Whoever it was really fucked up, and I feel sorry for him, because that's something like $112k lost as a fee.

I was also shocked with this, but I wonder is it happening twice a transaction. whether he would make a mistake a second time Huh

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April 27, 2016, 03:32:03 AM
 #35

another fee disaster. whenever i see something like this only two possibilities come to my mind that i think can be the case here two. it is either a code that has made this huge mistake because of a bug or it is someone bribing the mining pool this way.

It's just a way to launder coins.
and just how do you know which miner is going to hit the block?

i may be wrong but you can send it directly to the miners like what eligius does and they will include it in their blocks.

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April 27, 2016, 04:08:51 AM
 #36

For those who missed it:

http://www.coindesk.com/accidental-136000-bitcoin-mining-pool/

Lost $136,000 in Bitcoin? This Mining Pool is Looking for You

Luke 12:15-21

Ephesians 2:8-9
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April 27, 2016, 04:14:48 AM
 #37

Someone probably made a mistake again. let's see if anyone pops up requesting miners to return the fee...

That's an insane mistake there. There's no chance that user would get the fee back, as pool users would never agree on such things.
Can't even imagine what i would do if it happened to me. This is one of faults of bitcoin imho..
Wallets should have many failsafes to keep this from happening.

Absolutely agree with this

Also agree.   There have been a couple times I have come close to sending what I did not want to.  I notice many places do not have a confirm window, popup, or whatever to make you look and click again before sending.   It should be like the feature on gmail where you have 10 seconds to unsend  Grin

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April 27, 2016, 04:17:47 AM
 #38


someone not good at numbers

its obvious mix up of  tx input

the wallets should have max tx limit to prevent this

also option to set  max amount to send aswell

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April 27, 2016, 04:26:36 AM
 #39

That's bigger fees that i ever seen 291.2409 BTC. I think that people is error. Grin
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April 27, 2016, 06:25:09 AM
 #40

I also think, that the fee was just mistake and not just ordinary saving on transfer fee.  Wink
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