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Author Topic: Block with extra large fee  (Read 997 times)
cr1776 (OP)
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August 14, 2013, 11:18:44 AM
 #1

Did anyone notice the block this morning with an extra large fee, over 16 BTC in it:

http://blockchain.info/block/000000000000000fd4a3801c9df5ba3d8570e56cad29c28026d072051090e9f1?site=slush

Specifically this transaction in it with 15.8 BTC in fees:
http://blockchain.info/tx/2d3948735b50f3a920419345f52f2fcc4c51c37eab9ab7d4c81b06c933d09b70

Interesting?
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K1773R
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August 14, 2013, 11:21:14 AM
 #2

someone failed to understand how bitcoin's transactions work and how to use rawtx...

[GPG Public Key]
BTC/DVC/TRC/FRC: 1K1773RbXRZVRQSSXe9N6N2MUFERvrdu6y ANC/XPM AK1773RTmRKtvbKBCrUu95UQg5iegrqyeA NMC: NK1773Rzv8b4ugmCgX789PbjewA9fL9Dy1 LTC: LKi773RBuPepQH8E6Zb1ponoCvgbU7hHmd EMC: EK1773RxUes1HX1YAGMZ1xVYBBRUCqfDoF BQC: bK1773R1APJz4yTgRkmdKQhjhiMyQpJgfN
solex
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August 14, 2013, 11:24:48 AM
 #3

Ha. You should see the 94 BTC someone once paid as a transaction fee:

So, despite the block reward being >$1000, and not due for halving until 3.75 years time, fees are forced to do a moonshot.

That "moonshot" is because someone created a single transaction with 94BTC in fees: 13dffdaef097881acfe9bdb5e6338192242d80161ffec264ee61cf23bc9a1164

Fees are rising, but they haven't spiked like you think they have.

Meizirkki
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August 14, 2013, 11:25:20 AM
 #4

Maybe an automatic wallet sweep by some of the android wallets?
K1773R
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August 14, 2013, 12:16:06 PM
 #5

Maybe an automatic wallet sweep by some of the android wallets?
yes, lets steal money and pay HUGE fees if you dont have to pay that much... someone able to steal the BTCs from the faulty android devices is obviously not that stupid Wink

[GPG Public Key]
BTC/DVC/TRC/FRC: 1K1773RbXRZVRQSSXe9N6N2MUFERvrdu6y ANC/XPM AK1773RTmRKtvbKBCrUu95UQg5iegrqyeA NMC: NK1773Rzv8b4ugmCgX789PbjewA9fL9Dy1 LTC: LKi773RBuPepQH8E6Zb1ponoCvgbU7hHmd EMC: EK1773RxUes1HX1YAGMZ1xVYBBRUCqfDoF BQC: bK1773R1APJz4yTgRkmdKQhjhiMyQpJgfN
Meizirkki
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August 14, 2013, 01:25:56 PM
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Maybe an automatic wallet sweep by some of the android wallets?
yes, lets steal money and pay HUGE fees if you dont have to pay that much... someone able to steal the BTCs from the faulty android devices is obviously not that stupid Wink
no i didn't mean the stealer do that, but the updated wallet software automatically moving coins to new safe address. Afaik blockchain for example did this
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August 14, 2013, 01:57:05 PM
 #7

Maybe an automatic wallet sweep by some of the android wallets?
yes, lets steal money and pay HUGE fees if you dont have to pay that much... someone able to steal the BTCs from the faulty android devices is obviously not that stupid Wink
no i didn't mean the stealer do that, but the updated wallet software automatically moving coins to new safe address. Afaik blockchain for example did this
ive sent a bigger tx than this and wouldnt had to pay that much in fees, its way off Tongue (well, after i saw how much id have to spend, i created a tx with rawtx with only 0.0005 fee and it went trough Tongue)

[GPG Public Key]
BTC/DVC/TRC/FRC: 1K1773RbXRZVRQSSXe9N6N2MUFERvrdu6y ANC/XPM AK1773RTmRKtvbKBCrUu95UQg5iegrqyeA NMC: NK1773Rzv8b4ugmCgX789PbjewA9fL9Dy1 LTC: LKi773RBuPepQH8E6Zb1ponoCvgbU7hHmd EMC: EK1773RxUes1HX1YAGMZ1xVYBBRUCqfDoF BQC: bK1773R1APJz4yTgRkmdKQhjhiMyQpJgfN
westkybitcoins
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August 14, 2013, 02:03:09 PM
 #8

Maybe an automatic wallet sweep by some of the android wallets?
yes, lets steal money and pay HUGE fees if you dont have to pay that much... someone able to steal the BTCs from the faulty android devices is obviously not that stupid Wink
no i didn't mean the stealer do that, but the updated wallet software automatically moving coins to new safe address. Afaik blockchain for example did this

No, the fees are too high for that even. That transaction was under 48K in size. IIRC, it's 0.0001 BTC per 1K, and that's only 0.0048 BTC required for the transaction fee. Far less than even 1 BTC, never mind 15 BTC.

It's not that fees have shot up. Someone just made an error (or is doing something else strange, like processing their own large-fee transactions as a way to "mix" their own coins.)

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)
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DannyHamilton
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August 14, 2013, 02:10:31 PM
 #9

Ha. You should see the 94 BTC someone once paid as a transaction fee:

or the 111 BTC someone accidentally paid back in January:
https://blockchain.info/tx-index/42570186
forexmasterja
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August 14, 2013, 02:33:37 PM
 #10

Ha. You should see the 94 BTC someone once paid as a transaction fee:

or the 111 BTC someone accidentally paid back in January:
https://blockchain.info/tx-index/42570186

In the case of this transaction that was mined by BTC Guild, who gets the fees ?? BTCGUILD Management ?

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DannyHamilton
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August 14, 2013, 02:41:02 PM
 #11

Ha. You should see the 94 BTC someone once paid as a transaction fee:

or the 111 BTC someone accidentally paid back in January:
https://blockchain.info/tx-index/42570186

In the case of this transaction that was mined by BTC Guild, who gets the fees ?? BTCGUILD Management ?

In this case, 9 BTC were paid out to the PPLNS users on the pool that are paid transaction fees.
The mining pool was kind enough to send the rest of the excessive fee back to the person who accidentally paid it:

Just confirm it's safe to do so and I can send 101 BTC back to the originating address.  Unfortunately a bit does get eaten up because PPLNS users on the pool are paid transaction fees (but only a minor percentage of users take part in PPLNS).

1ciyam3htJit1feGa26p2wQ4aw6KFTejU is the originating address.

That would be wonderful of you (losing 10 BTC is at least much better than losing 111 BTC).

I've sent a PM with a message and signature to prove I own it.


102 BTC returned in this transaction: http://blockchain.info/tx-index/42579467/4a0fe8cb78b19778a49d171642649c9ee25453ed206894c88b049d0ee7939a0f

I'd highly recommend not creating raw transactions in the future unless absolutely necessary Smiley.  $1,500 is a pretty risky mistake if it didn't land on a known pool wallet/IP.
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