Post
Topic
Board Bitcoin Discussion
Re: 15btc transaction fee, big mistake
by
Cuidler
on 03/03/2016, 15:35:37 UTC
looks like there's two more transactions that paid abnormal amount of fee recently. found this at reddit.
https://blockchain.info/tx/c6f9ae3d4e6c895594628a28a53e9c8436a8ba1aaf5f0dd1711ac2a3f4b893c6
https://blockchain.info/tx/15ccae9f8b2b4e554be12411b83624e8743244e95b7116447a7dde9a39fd2cbe

both have 4BTC fee. received by blockchain one minute apart. if it's the same guy then they lost 23.5BTC.
I found one of those blocks yesterday by accident. I knew like 4.7 BTC fee in one block was a lot, but I didn't know how to find which transaction caused it (and I didn't want to go through it manually).

I notice something interesting: two transactions with 4 Bitcoin fee, within 29 seconds apart. And one of them is included 10 blocks later than the other.
In other words: does a higher fee really help for a faster transaction? What were those miners thinking skipping this one for so long?

I always believed a higher fee would give a higher priority, but apparently even 4 Bitcoin fee gives no guarantee to be included in the next few blocks!


Good catch! The miners should really check whether the software they are using really prioritizes transactions based on fees, because ignoing such 4BTC fee transaction for so long is simply scandal.

Miners often using their custom software for mining, so does not need to be necessary Bitcoin Core issue.