Re: Why do some people pay illogically high fees for transactions?
Look at this Transaction[1]. It paid 15x more than it was necessary to get confirmation. It paid $38.77 in fees for transaction that worth $180. If you have a look at old transactions of this wallet, it was always paying optimal fees.
I don't really know what happened there, while it paid 5x more than recommended, actually $10.56 was spent in fees while transacted amount was $1.41, check: Transaction[2]
And here - Transaction[3], someone even paid 56x more.
Is this done on purpose by some miners to increase the overall transaction fees and collect more fees?
Edit: I had to open this thread on Bitcoin Technical Support board, sorry
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I don't really know what happened there, while it paid 5x more than recommended, actually $10.56 was spent in fees while transacted amount was $1.41, check: Transaction[2]
And here - Transaction[3], someone even paid 56x more.
Is this done on purpose by some miners to increase the overall transaction fees and collect more fees?
Edit: I had to open this thread on Bitcoin Technical Support board, sorry
.I guess the reason is time. Some need their transaction to process faster and they just click "Include in the next block" button in their wallet without checking the fee. And with the mempool we witness today that can get expensive. But then again, time is money and if you have to transfer funds today you don''t care how much you'll have to pay in fees. Ordinals: people are paying huge fees because of some assholes and their monkey pics....
