291.2409 BTC for a 0.0001 BTC transaction .

[Herbert2020]

why are some of you guys are insisting on wallet, i seriously doubt that it is a human error by putting the wrong amount in wrong box, amount to send and fee are two clearly different textboxes in all the wallets so he has to be brain dead or drunk to make such a mistake. this is script f88k up

[shorena]

It's just a way to launder coins.

and just how do you know which miner is going to hit the block?

Only send it to that single miner and hope no one fucked up keeping the TX secret. As QS said its still dangerous and might motivate miners to fork the chain in order to get the fee. The fee is worth ~11 blockrewards. If a miner notices this fast enough they could try an attack.

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  

Use a better wallet. E.g. Electrum shows a pop up before you send the already signed(!) TX. Not by default but it can be set if you are the kind of person that is likely to send 200 BTC as fee. Bitcoin core outright refuses to send TX with a fee over a certain amount. 0.1 BTC IIRC. Im sure many other wallets have protection against this as well.

[mocacinno]

It happened before:
https://blockchain.info/charts/transaction-fees?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

It looks like in bitcoin's history, it happend between 5-10 times, unless there's an other explanation of having so much fees...

[kateaustin]

Wow?? how lucky that guy is really?? dang it.

[Betwrong]

https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d


 

First of the guy was lucky enough to have 291.2409 BTC. Yes he lost it probably but how much more he has nobody knows, I think - a lot. So I think the guy has much more coins than many of us combined and shouldn't think about him as of a "poor guy".

[pawel7777]

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

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

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

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

@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.

Little update. BitClub network officially confirmed that they'll return funds to the unlucky sender, if he asks for it.

@aantonop @Itsjoeco @BitClub_Network - BitClub network officially confirm - they ready to return founds to verified owner.

https://twitter.com/sysmannet/status/725106560662380544

Genuine mistake or risky PR stunt? We may never know.

[ecashpay123]

my payment is confirmed in bitcoin.

[FruitsBasket]

It appears that BitClub has the bitcoins, but how are they able to give it back?
Is the fee not divided for the miners and they already have withdrawn?

A more general question, where does the fee actually goes when I make a transaction, to the miner right? Then how is it possible to return the btc to the owner? Are the miner their account freezed and then the take back the fee and pay the owner?

[pawel7777]

It appears that BitClub has the bitcoins, but how are they able to give it back?
Is the fee not divided for the miners and they already have withdrawn?
...

Good question. I guess they could return it if:

1) they mined it with their own hardware and not as a pool
2) pool members are not entitled to tx fees

Otherwise it would be ethically questionable whether they have a right to return the funds without asking their customers first (as they would be entitled to their portion of that fee).

A more general question, where does the fee actually goes when I make a transaction, to the miner right? Then how is it possible to return the btc to the owner? Are the miner their account freezed and then the take back the fee and pay the owner?

Fees go to the miner. In case of the pool, it depends on operator whether mined bitcoins (and fees) are instantly distributed among members (and available for withdrawal) or not.

[ThirstyMoon]

So someone just made a mistake with putting the fee instead of the transaction amount or he bribes the mining pool. Rather shady stuff right here.

[FruitsBasket]

It appears that BitClub has the bitcoins, but how are they able to give it back?
Is the fee not divided for the miners and they already have withdrawn?
...

Good question. I guess they could return it if:

1) they mined it with their own hardware and not as a pool
2) pool members are not entitled to tx fees

Otherwise it would be ethically questionable whether they have a right to return the funds without asking their customers first (as they would be entitled to their portion of that fee).

A more general question, where does the fee actually goes when I make a transaction, to the miner right? Then how is it possible to return the btc to the owner? Are the miner their account freezed and then the take back the fee and pay the owner?

Fees go to the miner. In case of the pool, it depends on operator whether mined bitcoins (and fees) are instantly distributed among members (and available for withdrawal) or not.

Thank you for explaining

They said that they are able to return it, so they have the btc.
I don't know much about how mining works, so I am not sure how they will do it, although I hope that the owner of that funds will get it back.

[Come-from-Beyond]

It's just a way to launder coins.

and just how do you know which miner is going to hit the block?

Send directly to the miner and the others will see it only after the block is mined.

[Jasad]

this is shit,,,can you tell me the reason why this transaction can made?who is address owner?this is the first time i see transaction that fee are larger than amount transacted 

[teddy5145]

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

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

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.

Twitter deleted
Anyone got a backup copy of it somewhere ?

this is shit,,,can you tell me the reason why this transaction can made?who is address owner?this is the first time i see transaction that fee are larger than amount transacted 

Probably just accident, it can happen even if it was an absurd one

There has been a few mistakes where people set fee higher than the coins itself, I think there's another case few months ago where someone set 2BTC as a fee, but this is a new all time high for a mistake (Considering if it was a mistake and not some kind of shady operations)

https://twitter.com/sysmannet/status/725106560662380544

Genuine mistake or risky PR stunt? We may never know.

And how did we know who is the real owner ?
Anyone can say it was their lost money

[altcoinhosting]

--snip--
And how did we know who is the real owner ?
Anyone can say it was their lost money

You could send the money back from the address that was used to create the input, or you could ask the one claiming he owns the money to sign a message with the address used for creating the transaction.

In this case, send it back to 1QgTYzMYqStzZBQx8gguYaJQMjFRbagbh or ask if somebody can sign a message like
"i request the bitcoins that were used as a fee in transaction cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d to be returned to 1myaddress123456789, the pool could keep 20% as a finders fee" with 1QgTYzMYqStzZBQx8gguYaJQMjFRbagbh

[iliasyaco]

Its better not a mistake,   

[sakinaka]

I don't think that the amount will be returned. Not all the poeple are that kind :/. However, if someone does that, it will be another nice story to tell !

[Gwapo]

I think someone made a mistake tweaking the transaction fees on electrum. Hope the miner returns him at least 40% of his shares.

I don't think that the amount will be returned. Not all the poeple are that kind :/. However, if someone does that, it will be another nice story to tell !

F2Pool did that another time.

[BitcoinHunt3r]

I don't think that the amount will be returned. Not all the poeple are that kind :/. However, if someone does that, it will be another nice story to tell !

i heard bitclub network post that they look for the owner , but how to verification owner from a bitcoin address , sign message ?

[Slark]

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.

Actually I think there should be a hard limit imposed on how high transaction fee can be. It should be implemented in the bitcoin code.
There is no way in hell I can foresee we would want to pay more than 1 BTC ever for confirming transaction.