Sending 130$ , with a transaction fee of million !

[fiulpro]

Apparently today at 4 , a millionaire who was holding Millions in his wallet (ETH) just sent out 130$ to an address but yeah with a fee of 2.6 million Dollars !

I know this is not related to Bitcoins therefore I apologize in advance if the topic has to be moved. But what's related to us is this ridiculous transaction fee !

Why do you think this happened?

1. The guy was for sure High or Drunk
2. The guy wanted to make some miners lucky , this time it was a company located in China

https://www.coindesk.com/whale-sent-130-ether-transaction-fee

The guy is still a millionaire and does hold a lot . Does that mean they were trying to support the Mining community by giving out pre-christmas present for them ? Or is it something he did and will realize later .

A generous offer by the same company states that : if it was indeed a mistake they might help the guy in recovering some amount.

What I wanted to talk about is :
Why only this company?
Isn't it fishy , because back something like same happened with them and they did split up 50/50 with the sender .

Is it possible that they are somehow regulating these things ? Has the Mining industry starting involving themselves in scams ? But then again something doesn't add up here .

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[TryNinja]

Someone posted this already: Someone just paid $2,6M in fees while sending just $133 in ETH

Possible explanation:

Doesn't look like this was an accident.

Looking through his transaction history he's used 60 gwei for every transaction, except this one.... That indicates the wallet was previously controlled by a smart contract or some automated service, but then this guy took over and manually cranked to gas price up to 500 million.

What's more likely is that he is working in cahoots with the mining pool to forcibly move money from one place to another, potentially converting illegitimate gains into legal proceeds (mining revenue). He'd then split the difference with the pool owner and get away with essentially laundering money.

This isn't the first time Sparkpool has received suspiciously high fee transactions before. And they often seem to agree to split it back with the sender.... Why would they do that when it's rightfully theirs to keep?

Also, this shouldn't be in the Bitcoin Discussion board.

[kryptqnick]

Apparently today at 4 , a millionaire who was holding Millions in his wallet (ETH) just sent out 130$ to an address but yeah with a fee of 2.6 million Dollars !

I know this is not related to Bitcoins therefore I apologize in advance if the topic has to be moved. But what's related to us is this ridiculous transaction fee !

Why do you think this happened?

1. The guy was for sure High or Drunk
2. The guy wanted to make some miners lucky , this time it was a company located in China

https://www.coindesk.com/whale-sent-130-ether-transaction-fee

The guy is still a millionaire and does hold a lot . Does that mean they were trying to support the Mining community by giving out pre-christmas present for them ? Or is it something he did and will realize later .

A generous offer by the same company states that : if it was indeed a mistake they might help the guy in recovering some amount.

What I wanted to talk about is :
Why only this company?
Isn't it fishy , because back something like same happened with them and they did split up 50/50 with the sender .

Is it possible that they are somehow regulating these things ? Has the Mining industry starting involving themselves in scams ? But then again something doesn't add up here .

I don't see how this could be done by accident. Entering the fee manually requires certain degree of precision, so I agree with what's just been posted when I was typing my reply that it was probably done on purpose. It's an interesting way to support the miners, I've never heard of such ways of doing that before. What I don't like is that instead of incentivizing individual miners doing the hard work the money went to a Chinese company that seems to be huge at Ethereum mining. I don't know whether the sender has a choice of whom to give the money to, though, as this is not how I imagine mining works. But I might misunderstand this part, of course.

[billykannithi]

I think this is a trick to get attention. Because in order to have such a huge fortune (over $ 2 million), every transaction needs to be very careful and carefully checked, so that confusion is not possible. Therefore, I still think this is just a way to draw attention to crypto

[timmmers]

I think this is a trick to get attention. Because in order to have such a huge fortune (over $ 2 million), every transaction needs to be very careful and carefully checked, so that confusion is not possible. Therefore, I still think this is just a way to draw attention to crypto

Do you think that it is really the best idea of how to bring attention to cryptocurrencies? Do you even imagine how people will react to this? Oh my got, cryptocurrencies are so dangerous and you have to pay such high fees for the transaction, I would rather stay away.. That doesn´t make any sense, right? 

[doctor877]

This seems to be the highest level of error I have seen in this space and I feel it's intentional. You can't just use that has gh amount as transaction fee and not plan it. Well the miners will be lucky. But it's obviously not a mistake.

[Flickkk]

Apparently today at 4 , a millionaire who was holding Millions in his wallet (ETH) just sent out 130$ to an address but yeah with a fee of 2.6 million Dollars !

I know this is not related to Bitcoins therefore I apologize in advance if the topic has to be moved. But what's related to us is this ridiculous transaction fee !

Why do you think this happened?

1. The guy was for sure High or Drunk
2. The guy wanted to make some miners lucky , this time it was a company located in China

https://www.coindesk.com/whale-sent-130-ether-transaction-fee

The guy is still a millionaire and does hold a lot . Does that mean they were trying to support the Mining community by giving out pre-christmas present for them ? Or is it something he did and will realize later .

A generous offer by the same company states that : if it was indeed a mistake they might help the guy in recovering some amount.

What I wanted to talk about is :
Why only this company?
Isn't it fishy , because back something like same happened with them and they did split up 50/50 with the sender .

Is it possible that they are somehow regulating these things ? Has the Mining industry starting involving themselves in scams ? But then again something doesn't add up here .

Well rip for him. But i think he got a lot of money because no one would ever drag the analog type gas in Ethereum. Or maybe he got a different wallet which he just randomly click the text bar.
He did it on purpose i think lucky for the creator of the wallet he gained a huge kick back from that.

[Yaunfitda]

I think this is a trick to get attention. Because in order to have such a huge fortune (over $ 2 million), every transaction needs to be very careful and carefully checked, so that confusion is not possible. Therefore, I still think this is just a way to draw attention to crypto

Of course, with this kind of mistakes and as blockchain is transparent, sooner or later it will draw some attention. But I doubt that it was done by mistakes, this is very shady and the only reason that this individual did this is to hide something and colluding or conspiring with the miners with his illegal wealth here. Very intelligent move, but sorry everything is being seen in blockchain.

[WalkerIVIV]

2. The guy wanted to make some miners lucky , this time it was a company located in China

I agree with this because it seems reasonable , considering that the sender has tens of thousands of eth too. and now there are more cases only this time it's a little good this guy sent 3221 eth with fee of 2310 eth

Hell yeah he was putting more than 100 million gwei and that makes his tx consumes a lot of ethereum. I can't even put a lot of gwei when i was using a reliable wallet because there was a limitation for the gwei.

[litepool.ru]

This seems to be the highest level of error I have seen in this space and I feel it's intentional. You can't just use that has gh amount as transaction fee and not plan it. Well the miners will be lucky. But it's obviously not a mistake.

In 2019, I've seen someone confuse in a similar way. He sent only a few BTC but used millions of dollars as a transaction fee. Strangely for the fundamental mistakes in this market, it can still happen

[Moeda]

I see a lot of cases that occur regarding transaction fees. Especially on the Ethereum blockchain. Is Ethereum Blockchain in trouble right now. Because this will be dangerous for other transactions if we do without caution.

[lunnatic]

I also sent some tokens yesterday, and the fees I spent were very much, almost $ 5,
usually I only spend less than $ 1, who knows what's wrong with Ethereum, I am really disappointed with this platform

[Botnake]

I also sent some tokens yesterday, and the fees I spent were very much, almost $ 5,
usually I only spend less than $ 1, who knows what's wrong with Ethereum, I am really disappointed with this platform

There is nothing wrong with the network I guess, it's the one who send the money who is at wrong here since he put millions as a transaction fee, that is why it was mentioned in the OP if the whale is probably drunk or just supporting the miners community, but we never really know.

I think this is the first time I saw someone paying big fee compared to the amount sent, this is ridiculous, lucky day for the miners.

[luckyflop]

I see a lot of cases that occur regarding transaction fees. Especially on the Ethereum blockchain. Is Ethereum Blockchain in trouble right now. Because this will be dangerous for other transactions if we do without caution.

It was a purposeful action. There will never be a transaction fee of nearly $ 2.6 million, my trading fee sometimes goes up but it never goes over 2$

[Iyanu14]

Apparently today at 4 , a millionaire who was holding Millions in his wallet (ETH) just sent out 130$ to an address but yeah with a fee of 2.6 million Dollars !

I know this is not related to Bitcoins therefore I apologize in advance if the topic has to be moved. But what's related to us is this ridiculous transaction fee !

Why do you think this happened?

1. The guy was for sure High or Drunk
2. The guy wanted to make some miners lucky , this time it was a company located in China

https://www.coindesk.com/whale-sent-130-ether-transaction-fee

The guy is still a millionaire and does hold a lot . Does that mean they were trying to support the Mining community by giving out pre-christmas present for them ? Or is it something he did and will realize later .

A generous offer by the same company states that : if it was indeed a mistake they might help the guy in recovering some amount.

What I wanted to talk about is :
Why only this company?
Isn't it fishy , because back something like same happened with them and they did split up 50/50 with the sender .

Is it possible that they are somehow regulating these things ? Has the Mining industry starting involving themselves in scams ? But then again something doesn't add up here .

I was shocked too when I read this in a couple of days ago.  Is the person sleeping or didn't have the time to check the transaction fees because he has a lot in his wallet.  Whichever way it may be, it was a very costly mistake, perhaps if the money is not refundable.  The support team has actually promised to return the money after proper verification, let's see how it goes.

[masterrex]

I think it's just an honest mistake 2.6 million dollars for a transaction fee is quite big to handle, It was a crazy thing I'm sure after the owner of that wallet realized what he was done, I'm sure he will break something in here house thats for sure. I remember it was not the first time that someone sends a small amount of cryptocurrency But with a million dollar transaction fee, Now I believe that history repeats itself.

[Sendi blackspade team]

I see a lot of cases that occur regarding transaction fees. Especially on the Ethereum blockchain. Is Ethereum Blockchain in trouble right now. Because this will be dangerous for other transactions if we do without caution.

It was a purposeful action. There will never be a transaction fee of nearly $ 2.6 million, my trading fee sometimes goes up but it never goes over 2$

is this making the ethereum transaction costs increase and slower lately? GAS is becoming more expensive than usual but transaction speeds are slow. what happened to ethereum?

[Thomas-s]

I think that all these transactions that look like a mistake are some very well-thought-out schemes for money laundering or some other fraud. I doubt that the person who has earned so much ETH can not mistaken in the commissions.

[Pomogator]

I even saw the transaction itself. She is now shown everywhere. I will say more, recently there was a second transaction for about the same amount. Most likely he is in a binge Or they stole the key from the Eth wallet. He will not give such large sums himself.

[sayulita]

This seems to be the highest level of error I have seen in this space and I feel it's intentional. You can't just use that has gh amount as transaction fee and not plan it. Well the miners will be lucky. But it's obviously not a mistake.

The mining pool has blocked all the miners funds and are willing to do a 50-50 split with the owner of the wallet if he comes out and asks for the funds. This is the best thing that I like about cryptocurrencies, there were also numerous incidences in the past where a person interchanged the amount of coins that he wanted to send with the fees used and that time too the pool that confirmed the transaction was also willing to give the funds back to the owner of those coins. Lets see if the owner comes foreword or the funds will be given to those lucky miners.