$ 9,300 commission on the $ 120 Ethereum transaction


A heavy-handed Ethereum user cost $ 9,300 to send $ 120 on November 4th; at the time of the transaction, the average tx fee was only $ 1.07. The user goes to “ProudBitcoiner” on Reddit and is doing his best to get the money they overpaid.

If you are curious about what really happened … Metamask did not fill the “Gas Limit” field with the correct amount in my previous transaction and that transaction failed, so I decided to manually change it in the next transaction (this one) , to type 200000 in the “Gas Limit” input field, I wrote it in the “Gas Price” input field, so I paid 200000 GWEI for this transaction and destroyed my life: /

ProudBitcoiner said about them Reddit post announcing their madness before continuing to say they are trying to get their money back. The transaction was mined almost immediately from Ethermine Pool, the same Ethereum mining pool that created the block containing a transaction with the extension transaction fee worth $ 2.6 million attached to it in June.

“I contacted Ethermine on Twitter, I contacted their CEO Peter Pratscher on Twitter, I wrote this post here, I sent an email to [email protected] and I [am] no ideas, “ProudBitcoiner said.” If you know anyone from Ethermine, please share this post. Thanks guys for your support! “

ProudBitcoiner has trouble getting in touch with Ethermine Pool and the Ethermine Pool team… and rightly so. It would be extremely generous if Ethermine Pool done return their money to ProudBitcoiner and acknowledged having made a mistake, however, Ethermine Pool is under no obligation to do so. It is the transaction sender’s fault for making this mistake, not Ethermine Pools’ fault.

The permanence of the blockchain

Even if ProudBitcoiner used a hobby platform like Ethereum which has relatively high transaction fees compared to Bitcoin – ProudBitcoiner has sent a transaction on a blockchain anyway. While it didn’t work in their favor, this madness is a great example of the permanence and immutability of the blockchain. That is why users are advised to double check, and even double check, if the wallet address and the amount of money they are sending are correct, because otherwise they could end up sending money in the vacuum or losing funds that the user may not go back, similar to what happened to ProudBitcoiner.

New to Bitcoin? Check out CoinGeek Bitcoin for beginners section, the ultimate resource guide to learn more about Bitcoin, as originally intended by Satoshi Nakamoto, and blockchain.

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