Re: Ouch, today someone made a transaction with over $500k fee.

Quote from: Zenp on September 10, 2023, 09:02:23 PM

Quote from: pawel7777 on September 10, 2023, 08:48:18 PM

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 doubt it's an act of carelessness, anyone with that kind of a balance would at least know how and where to input the appropriate fees. It could be a way to donate a large sum to the bitcoin miners.

Here's a tx from 2016 that paid a 291.24 btc fee: https://www.blockchain.com/explorer/transactions/btc/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d this fee was worth 130k USD at that time as the BTC price was close to $441. Looking back now, this fee is worth 7.5m USD.

Of course, this is not carelessness and negligence at all. Have to be blind or mentally retarded (I didn’t want to hurt anyone’s feelings or offend) for the sender to make such a mistake with the numbers. A person dealing with bitcoin is probably not one of them, if sender managed to figure out how it works.

For likers of alternative versions. It could also be a way to launder money! Bitcoin pull will later return most of the btc fees clean and fresh mined bitcoins. Why not, right?