In keeping with on-chain knowledge, a Bitcoin consumer spent a staggering 19 BTC, round $510,000, in transaction charges for transferring a mere 0.074 BTC, valued at lower than $2,000, on Sept. 10.
The common transaction charge on the blockchain community was $2.176 as of press time, per knowledge from ycharts.com. This implies the consumer overpaid greater than 480,000 instances for the transaction, making the charge the best ever recorded on the Bitcoin community.
Jameson Lopp, the co-founder of CasaHODL, who analyzed the incident, famous that the fats finger error is perhaps attributable to buggy software program from an change or fee processor handle.
In keeping with Lopp, the handle has obtained and despatched greater than 60,000 transactions and sure miscalculated the change output, inflicting transaction charge errors.
“The handle in query that made the charge calculation error has the traits of a withdraw-only sizzling pockets from an enterprise. It appears to be like prefer it solely receives deposits from one handle to prime up its steadiness every now and then,” Lopp added.
Chun Wang, co-founder of F2Pool, mentioned the 20 BTC charges might be briefly held. The consumer chargeable for the transaction has a three-day window to assert these charges. Nonetheless, if nobody comes ahead to assert them, miners will redistribute the charges.
This choice goals to deal with the unclaimed charges pretty and equitably.
Apparently, it seems the consumer has not observed the error, as they’re nonetheless sending transactions from the pockets.
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