Bitcoin Whale's Serious Mistake Lost $3.14 Million in Transaction Fees

A unique and surprising event happened in the Bitcoin world when a whale wallet made a transaction that ended in bitterness. This action not only created a blockbuster effect in the community but also highlighted the huge problem of transaction costs in the Bitcoin network.

A unique and surprising event happened in the Bitcoin world when a whale wallet made a transaction that ended in bitterness. This action not only created a blockbuster effect in the community but also highlighted the huge problem of transaction costs in the Bitcoin network.

A Bitcoin wallet decides to transfer 139.42 BTC, worth about $5.23 million. However, during the transfer process, a large amount of BTC – 83.65 BTC, worth 3.14 million USD was deducted from the transaction fee. This was considered a shocking mistake and caused a stir in the cryptocurrency community. The large amount of BTC lost in transaction fees was given as block rewards to AntPool, a Bitcoin mining company. AntPool received a total of 85,216 BTC in rewards with a block number of 818,087.

It has been questioned whether AntPool will refund transaction fees to whales, while also making assumptions about the possibility of errors in the transaction execution process. The whale's transaction was recorded as the largest Bitcoin transaction fee ever, surpassing the previous record of $510,000 associated with PayPal/Paxos. This poses new challenges in terms of managing and controlling transaction costs in the Bitcoin network. The community assumes that the reason for the large transaction fees may stem from increasing the reward rate to promote transaction confirmations.

The whale may not have properly assessed the necessary fees, resulting in the loss of $3.14 million in one click while trying to quickly get through the transaction queue. This event not only raises cost management challenges in the Bitcoin network, but also raises many questions about how large individuals and organizations face and solve the problem of transaction fees in the world of money. electronic.