Post
Topic
Board Bitcoin Discussion
Re: Ouch, today someone made a transaction with over $500k fee.
by
Woodie
on 12/09/2023, 08:34:25 UTC
The bitcoin fees market is getting out of control. Someone must've been really in a hurry as they paid BTC19.82 (~$511,000) fee just to send $2k worth.
Jokes aside, probably a very painful mistake. I wonder how's it going to unfold and whether the miner will return it to the unlucky sender.

Source:
Explorers: https://twitter.com/whale_alert/status/1700920065934213256
Blockstream: https://blockstream.info/tx/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd?expand
Blockchain.com: https://www.blockchain.com/explorer/transactions/btc/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd
I know for certain you can track which miner mines the block and what time this happened, but Is it even possible for a miner to return such a good reward??

As far as am concerned miners look forward to harvesting such block rewards because they know that these mistakes always happen & will not stop today either and you can not blame anybody for such a costly mistake, besides why bother with the fees when 9 out of 10 times the fees suggested by the wallet app will usually be adequate enough for you not to wait all day for a single confirmation Huh

Whatever is happening here, this guy has learnt the hardway!