[2017-07-07]Mining Pool BTC.com Finds Accidental 80 BTC Fee – Offers a Refund

[Siren]

Mining Pool BTC.com Finds Accidental 80 BTC Fee – Offers a Refund

On July 7th the mining pool BTC.com mined a block that contained a transaction with an 80 BTC fee attached. BTC.com believes the fee was an accident as the transaction fee should have been around 2 BTC and the pool is looking to give the sender a refund.

BTC.Com Finds an 80 BTC Fee and Offers to Pay the User Back

The China-based mining pool BTC.com was surprised to find a transaction in a block they mined tethered to an 80 BTC fee ($200,000 USD). The accidental fee is a large one, but this type of incident has happened many times over the years. The mining pool says they are not interested in keeping the money and would like to pay the user back if they can verify it was their transaction.

https://news.bitcoin.com/mining-pool-btc-com-80-btc-fee-refund/

[1715650548]

1715650548

[1715650548]

1715650548

[1715650548]

1715650548

[richardsNY]

I know it's purely the result of people's stupidity when they mess around with raw transactions without fully knowing what they are doing, but I am a great supporter of such acts from the side of the miners. I know how it feels to lose coins due to experimenting with raw transactions. I had one incident where I set up the transaction with all required details (at least I thought I did), where I completed and sent the transaction with the command sendrawtransaction plus the required hex code, and to my surprise, the entire remaining balance was included as fee. I lost just over 0.08 BTC as it was included as fee.

[digaran]

I know it's purely the result of people's stupidity when they mess around with raw transactions without fully knowing what they are doing, but I am a great supporter of such acts from the side of the miners. I know how it feels to lose coins due to experimenting with raw transactions. I had one incident where I set up the transaction with all required details (at least I thought I did), where I completed and sent the transaction with the command sendrawtransaction plus the required hex code, and to my surprise, the entire remaining balance was included as fee. I lost just over 0.08 BTC as it was included as fee.

Why would you do that in the first place, what is the advantage of sending raw transaction? as much as I'd love to say thanks to them but I just can't, because this is what expected from a human being, the world is so facked up currently that when some body does what they should normally do it becomes news, lol.
Clap, clap, here is your prize.

[richardsNY]

In my situation there has not been any advantage at all, aside from the educational purpose. I just wanted to properly understand how a transaction can be set up without the interference of the client itself (which has certain limitations by default, that can be bypassed by manually creating a transaction). One thing became awfully clear, and that is that you can lose your entire balance in an instant if you don't pay attention to the code.