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Author Topic: 2.8 btc transaction fee paid, help please. Final update: REFUNDED by GHash.IO!  (Read 9960 times)
btcxchg
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May 09, 2014, 04:38:14 PM
 #1

Hi community,
I have made the worst mistake of my life and I am here asking for help of any kind.

A couple of hours ago I was selling 2.8 bitcoins to a guy and made the mistake in the blockchain.info wallet of fill the fields of bitcoins amount and transaction fee inverted. The result is a transaction of 0.0003 btcs with a fee of 2.8 btcs.

This is the transaction:
https://blockchain.info/es/tx/80477c3a1129cb81bc783d483999b0fa307c3f3398ce5b783475eac36b3bb0e0

GHash.IO found that block, I have the hope they could understand the situation and help me returning some bitcoins.

Those where the savings for live a couple of months.

Any other suggestions?


Thanks a lot
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May 09, 2014, 04:43:17 PM
 #2

I thought the latest Bitcoin update had a fix to disallow such huge fees. Hope you get them back.

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DannyHamilton
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May 09, 2014, 04:51:16 PM
 #3

Hi community,
I have made the worst mistake of my life and I am here asking for help of any kind.

A couple of hours ago I was selling 2.8 bitcoins to a guy and made the mistake in the blockchain.info wallet of fill the fields of bitcoins amount and transaction fee inverted. The result is a transaction of 0.0003 btcs with a fee of 2.8 btcs.

This is the transaction:
https://blockchain.info/es/tx/80477c3a1129cb81bc783d483999b0fa307c3f3398ce5b783475eac36b3bb0e0

GHash.IO found that block, I have the hope they could understand the situation and help me returning some bitcoins.

Those where the savings for live a couple of months.

Any other suggestions?


Thanks a lot

The only thing you can do is contact GHash.IO and hope that the pool operator is willing to help you.

There are no other suggestions possible.

Good luck.

DannyHamilton
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May 09, 2014, 04:54:09 PM
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I thought the latest Bitcoin update had a fix to disallow such huge fees. Hope you get them back.

I believe the Bitcoin Core reference client might have been changed so that it wouldn't allow you to create transactions like that.  However, he wasn't using Bitcoin Core.  He was using blockchain.info.

There is nothing that prevents peers from relaying such a transaction or miners from confirming such a transaction if you use a service that allows you to make the mistake.

People should probably contact blockchain.info support and ask them to implement a safety feature to prevent such mistakes ASAP.

If enough people contact them and demand such a feature, I suspect they will implement it pretty quickly.  It doesn't seem to be a very difficult thing to do.

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May 09, 2014, 04:57:31 PM
 #5

I think Gash should do the right thing and return your coins.

This is an opportunity for them to look good (or bad).

btcxchg
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May 09, 2014, 05:02:19 PM
 #6

Thanks!

I submitted a ticket to them pointing to this thread.

I will inform here about any update.
btcxchg
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May 09, 2014, 05:10:54 PM
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I thought the latest Bitcoin update had a fix to disallow such huge fees. Hope you get them back.

I believe the Bitcoin Core reference client might have been changed so that it wouldn't allow you to create transactions like that.  However, he wasn't using Bitcoin Core.  He was using blockchain.info.

There is nothing that prevents peers from relaying such a transaction or miners from confirming such a transaction if you use a service that allows you to make the mistake.

People should probably contact blockchain.info support and ask them to implement a safety feature to prevent such mistakes ASAP.

If enough people contact them and demand such a feature, I suspect they will implement it pretty quickly.  It doesn't seem to be a very difficult thing to do.


What I saw at the transaction confirmation step in blockchain.info was a warning popup noticing about the big transaction fee amount. The first time it appears I was paying a transaction fee of 0.0005 btc, so when I saw that popup I reduced to 0.0003. It appears again and submitted the transaction anyway thinking it was very strange and don't analyzing the situation a lot cause I was hurry.
I will contact them to inform this.

Thanks

 
ncsupanda
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May 09, 2014, 05:14:08 PM
 #8

I thought the latest Bitcoin update had a fix to disallow such huge fees. Hope you get them back.

I believe the Bitcoin Core reference client might have been changed so that it wouldn't allow you to create transactions like that.  However, he wasn't using Bitcoin Core.  He was using blockchain.info.

There is nothing that prevents peers from relaying such a transaction or miners from confirming such a transaction if you use a service that allows you to make the mistake.

People should probably contact blockchain.info support and ask them to implement a safety feature to prevent such mistakes ASAP.

If enough people contact them and demand such a feature, I suspect they will implement it pretty quickly.  It doesn't seem to be a very difficult thing to do.


What I saw at the transaction confirmation step in blockchain.info was a warning popup noticing about the big transaction fee amount. The first time it appears I was paying a transaction fee of 0.0005 btc, so when I saw that popup I reduced to 0.0003. It appears again and submitted the transaction anyway thinking it was very strange and don't analyzing the situation a lot cause I was hurry.
I will contact them to inform this.

Thanks

 

It's a strange circumstance, and I hope you get your coins back! I do agree that it's a bit weird that you could even do that, but I guess making limitations would be worse.

Be thankful a large pool found it so that you can still ask them.

I Buy/Sell WoW Gold and Blizzard games in the US. PM me for more information.
https://www.g2g.com/r/ncsupanda
thecoinjournal
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May 09, 2014, 05:29:17 PM
 #9

There's chance you can get back your coins, I remember someone paid 20ish bitcoins as tx fee, and was included in a block found by p2p pool.

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May 09, 2014, 06:05:21 PM
 #10

I do think that you have an extremely good chance of getting your tx fee back Smiley Made the same mistake, and the same pool refunded me.
btcxchg
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May 09, 2014, 06:09:34 PM
 #11

I do think that you have an extremely good chance of getting your tx fee back Smiley Made the same mistake, and the same pool refunded me.

What a good news!

Now the ticket was forwarded to the CEX.IO supervisor.
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May 09, 2014, 06:21:56 PM
 #12

I do think that you have an extremely good chance of getting your tx fee back Smiley Made the same mistake, and the same pool refunded me.

What a good news!

Now the ticket was forwarded to the CEX.IO supervisor.

Forwarded up the chain, pretty awesome.

I'm curious to see their reaction.


I Buy/Sell WoW Gold and Blizzard games in the US. PM me for more information.
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May 09, 2014, 06:27:15 PM
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I hope you will get the BTC back.  Smiley
And be more careful next time!
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May 09, 2014, 06:44:23 PM
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There shouldn't be any problems since no one really pays that much in transaction fees  Wink
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May 09, 2014, 07:26:32 PM
 #15

There shouldn't be any problems since no one really pays that much in transaction fees  Wink
The problem's that it can't be legitimately collected by GHash. They can't just take away their clients' funds, so they have to pay out of pocket if the OP or GHash can't successfully petition users to refund the fee. It's a bad situation because either the OP's a victim of himself or GHash is a martyr -- or, the OP accepts a partial refund from GHash miners who happened to stumble across (or were directed to) the news and were kind enough to figure out and return their share of the fee.

Don't mix your coins someone said isn't legal
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May 09, 2014, 07:31:11 PM
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wait 2.8 btc in fee?

Thats so wrong... wtf..

jonald_fyookball
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May 09, 2014, 07:40:26 PM
 #17

There shouldn't be any problems since no one really pays that much in transaction fees  Wink
The problem's that it can't be legitimately collected by GHash. They can't just take away their clients' funds, so they have to pay out of pocket if the OP or GHash can't successfully petition users to refund the fee. It's a bad situation because either the OP's a victim of himself or GHash is a martyr -- or, the OP accepts a partial refund from GHash miners who happened to stumble across (or were directed to) the news and were kind enough to figure out and return their share of the fee.

Well im sure they have something in their terms of service giving them certain discretions.
Besides, they are not "taking away" their clients funds -- that extra 2.8 coins shouldnt
have been in there to begin with.

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May 09, 2014, 07:42:41 PM
 #18

There shouldn't be any problems since no one really pays that much in transaction fees  Wink
The problem's that it can't be legitimately collected by GHash. They can't just take away their clients' funds, so they have to pay out of pocket if the OP or GHash can't successfully petition users to refund the fee. It's a bad situation because either the OP's a victim of himself or GHash is a martyr -- or, the OP accepts a partial refund from GHash miners who happened to stumble across (or were directed to) the news and were kind enough to figure out and return their share of the fee.

They have done it in the past on more than one occasion.  They may have changed their policy, all the OP can really do is ask them.
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May 09, 2014, 07:44:28 PM
 #19

There shouldn't be any problems since no one really pays that much in transaction fees  Wink
The problem's that it can't be legitimately collected by GHash. They can't just take away their clients' funds, so they have to pay out of pocket if the OP or GHash can't successfully petition users to refund the fee. It's a bad situation because either the OP's a victim of himself or GHash is a martyr -- or, the OP accepts a partial refund from GHash miners who happened to stumble across (or were directed to) the news and were kind enough to figure out and return their share of the fee.

Well im sure they have something in their terms of service giving them certain discretions.
Besides, they are not "taking away" their clients funds -- that extra 2.8 coins shouldnt
have been in there to begin with.

Yes, they are, since mining fees are paid out to miners on Ghash, so yes, they would be taking their money.
DannyHamilton
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May 09, 2014, 07:47:42 PM
 #20

Yes, they are, since mining fees are paid out to miners on Ghash, so yes, they would be taking their money.

There's a lot of room for debate on that one.

Would GHash be taking money that belongs to the miners to pay back btcxchg?

Or would the miners be taking money that belongs to btcxchg if GHash pays them with these funds?

On the one hand you could say that once it is sent, it belongs to the receiver regardless of intent.

On the other hand, some could argue that an accidental payment to an unintended recipient carries a moral, ethical (and possibly? legal) requirement to return the payment to the sender.

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