{"id":196476,"date":"2023-11-30T19:40:33","date_gmt":"2023-11-30T19:40:33","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196476"},"modified":"2023-11-30T19:40:33","modified_gmt":"2023-11-30T19:40:33","slug":"bitcoin-miner-antpool-offers-to-reimburse-affected-user-the-enormous-3-million-transaction-fee","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-miner-antpool-offers-to-reimburse-affected-user-the-enormous-3-million-transaction-fee\/","title":{"rendered":"Bitcoin Miner Antpool Offers To Reimburse Affected User The Enormous $3 Million Transaction Fee"},"content":{"rendered":"

Cryptocurrency mining pool Antpool has said it will refund a record $3 million transaction fee mistakenly paid for a single transaction last week, once the affected user provides the necessary identification information.<\/p>\n

In a Nov.30 announcement, AntPool indicated that its risk control system “temporarily froze the fee when packaging the transaction,” and requested the user to verify their identity before December 10.<\/p>\n

Antpool asked the owner of the funds to prepare a signing tool, either Electrum or Bitcoin Core, and use the private key of the address that sent the transaction to sign an on-chain message with the code \u201cAntPool\u201d before sending the signed text to the miner\u2019s support email address.  <\/p>\n

Record $3 Million Transaction Fee <\/strong><\/h2>\n

On November 23, a Bitcoin user intending to send 139.42 BTC (then valued at roughly $5.1 million), was charged a transaction fee of 83.64 BTC ($3.1 million) \u2014 setting a new record in USD terms for a single BTC transaction. The recipient address received just 55.77 BTC, worth around $2 million.<\/p>\n

A Bitcoin user came forward and claimed to be the victim of the outrageous $3 million transaction fee, noting that it was their wallet that paid the fee and that a hack had hit them.<\/p>\n

<\/p>\n

\u201cI created a new cold wallet, transferred 139 BTC to it and it got transferred out to another wallet immediately,\u201d the user \u201c83_5BTC\u201d said on X (formerly Twitter). \u201cI can only imagine that someone was running a script on that wallet and that the script had a weird fee calculation. 55 BTC gone forever. 83.5 BTC to be decided.\u201d<\/em><\/p>\n

Antpool has yet to verify the victim\u2019s identity.<\/p>\n

Nonetheless, BTC transaction fees have skyrocketed this month amid the re-emergence of Bitcoin-linked non-fungible tokens (NFT), known as Ordinals.<\/p>\n

Hardly The First Bitcoiner To Overpay Transaction Fees<\/strong><\/h2>\n

A similar scenario was witnessed in September when stablecoin issuer Paxos revealed it paid $500,000 in transaction fees to move 2,000 worth of BTC. F2Pool, the miner facilitating that transaction, ultimately refunded Paxos the overpayment.<\/p>\n

It\u2019s worth mentioning that miners have no obligation to refund fees after someone has fat-fingered a Bitcoin transaction, but may decide to do so when the amounts involved are outsized.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency mining pool Antpool has said it will refund a record $3 million transaction fee…<\/p>\n","protected":false},"author":4,"featured_media":196475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"yoast_head":"\nBitcoin Miner Antpool Offers To Reimburse Affected User The Enormous $3 Million Transaction Fee - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-miner-antpool-offers-to-reimburse-affected-user-the-enormous-3-million-transaction-fee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Miner Antpool Offers To Reimburse Affected User The Enormous $3 Million Transaction Fee - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency mining pool Antpool has said it will refund a record $3 million transaction fee...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-miner-antpool-offers-to-reimburse-affected-user-the-enormous-3-million-transaction-fee\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-30T19:40:33+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/11\/Bitcoin-Miner-Antpool-Offers-To-Reimburse-Affected-User-The-Enormous-3-Million-Transaction-Fee.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-miner-antpool-offers-to-reimburse-affected-user-the-enormous-3-million-transaction-fee\/\",\"url\":\"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-miner-antpool-offers-to-reimburse-affected-user-the-enormous-3-million-transaction-fee\/\",\"name\":\"Bitcoin Miner Antpool Offers To Reimburse Affected User The Enormous $3 Million Transaction Fee - 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