Bitcoin users salaried The transaction fee for transferring 139.42 BTC is 83.7 Bitcoin (BTC), which is worth $3.1 million. The transaction fee of $3.1 million is the eighth highest in Bitcoin’s 14-year history.
Bitcoin wallet address bc1qn3d…wekrnl attempted to transfer 139.42 BTC to bc1qyf…km36t4 on November 23, but only paid more than half the actual value in transaction fees. The target address received only 55.77 BTC. Mining pool Antpool captured the ridiculously high mining fees for block 818087.
Users on social media said the sender may have chosen high transaction fees, but fee replacement (RBF) node policies and the sender’s lack of knowledge appear to have played a role as well. RBF allows unconfirmed transactions in the mempool to be replaced with different transactions paying higher transaction fees so that they clear earlier. The mempool is where all BTC transactions are queued before being approved and added to the Bitcoin blockchain.
A mempool developer using mononaut on X (formerly Twitter) explain The user behind the transfer may not be aware that RBF orders cannot be cancelled. Users may change fees multiple times in the hope of canceling. RBF history shows that the last replacement increased fees by another 20%, adding 12.54824636 BTC to the fee.
This isn’t the first time Bitcoin users have accidentally paid ridiculously high transaction fees for a single Bitcoin transaction. In September, Bitcoin trading platform Paxos accidentally sent a $500,000 transaction fee for a $2,000 BTC transfer. In that incident, F2Pool miners who verified the transaction refunded $500,000 in unexpected transaction fees to Paxos.
However, it is the largest Bitcoin transaction fee ever charged in U.S. dollars, knocking Paxos’ $500,000 transfer in September off its unfortunate podium.The largest fee in Bitcoin was paid in 2016, when someone accidentally transmit The transaction fee is 291 BTC.
related: Binance’s settlement with the Department of Justice offers a glimmer of hope for the crypto industry
Mononaut told Cointelegraph that while the current unexpected transaction fee case has similarities to the Paxos case, the likelihood of Antpool returning funds will depend on their own payment policies, “which may have an impact on their obligation to share transaction fees” and their miners. “
Antpool has yet to comment on the matter and has not yet responded to Cointelegraph’s request for comment.
Magazine: Deposit Risk: What Do Cryptocurrency Exchanges Really Do with Your Money?
Svlook
