Someone Just Made a $47,000 Mistake With Bitcoin

In letter

  • One address paid 2.66038352 Bitcoin in fees for sending 0.01088549 BTC.
  • It was most likely coincidental.
  • Blockstream suggests that it could be a self-broadcast as nothing has changed.

Someone apparently paid 2,66038352 bitcoin (over $ 47,000) in fees to send a paltry BTC of 0.01088549 (or $ 194.66 on transactions).

The transaction hash is 3ba0c9eaf3185898164518cda7e3433d1d2049188d737f2b2a7e188aaeb8b4deand the identity transferor is unknown, as is the reasons why they throw away all of that money for a fee.

Most likely, it was a simple mistake due to a user manually setting the Bitcoin transaction fee. Something like this has happened before –someone made an even more expensive mistake last Juneand lowered fees of $ 2.6 million to send $ 130 to ETH. It was the highest transaction fee ever paid for transferring Ethereum.

Was a previous candidate for the Ethereum record this transaction, as of February 2019, in which someone spent $ 450,000 on fees (this anonymous sender later worked out the bug with Sparkpool, the mining pool they sent the fee to).

Since there was no change from the bitcoin transaction, the blockchain explorer suggested to Blockstream that it might be a self-transfer.

According to Bitinfocharts, the average bitcoin transaction fee is only 0.00025 BTC or $ 4.45. That’s a drop of over $ 13 (an annual high) in October. In fact, a crypto whale could more than move at the end of October $ 1 billion Value of BTC from Bitcoin wallet provider Xapo to an unknown address and Pay just $ 3 in fees for the transfer.