{"id":12756,"date":"2024-04-19T17:37:18","date_gmt":"2024-04-19T14:37:18","guid":{"rendered":"https:\/\/forklog.com\/en\/user-pays-17500-fee-for-1-34-btc-transfer\/"},"modified":"2024-04-19T17:37:18","modified_gmt":"2024-04-19T14:37:18","slug":"user-pays-17500-fee-for-1-34-btc-transfer","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/user-pays-17500-fee-for-1-34-btc-transfer\/","title":{"rendered":"User Pays $17,500 Fee for 1.34 BTC Transfer"},"content":{"rendered":"<p>On April 19, an unknown wallet <a href=\"https:\/\/www.blockchain.com\/explorer\/transactions\/btc\/eef67a8fe5c2a072159d75259bd221c9bb23ca794d4431eb830d3fda51a4ba20\">transferred 1.34 BTC<\/a> (approximately $87,000 at the time of the transaction), incurring a fee of $17,500.<\/p>\n<p>The transaction rate was 105,305 sat\/vB, indicating the user overpaid by roughly 1,269 times.<\/p>\n<p>The block containing the transaction was confirmed by a miner from the ViaBTC pool.<\/p>\n<p>On April 18, another investor <a href=\"https:\/\/www.blockchain.com\/explorer\/transactions\/btc\/828fa91982b42a5d8ddca08af88ca3fdbd8a91f3bb955ae6721d86c343acd99a\">spent $13,250 on fees<\/a> for transferring 0.58 BTC (around $37,800).<\/p>\n<p>With a rate of 133,337 sat\/vB, this overpayment amounted to x2186. This transaction was verified by a miner from the Foundry USA pool.<\/p>\n<p>In January, an unknown individual <a href=\"https:\/\/u1f987.com\/en\/news\/user-pays-173000-fee-for-bitcoin-transaction\">paid<\/a> a fee of 4.03 BTC ($173,148) for a single Bitcoin transaction, which amounted to only 2.9 BTC.<\/p>\n<p>On November 23, a user transferring 55.77 BTC ($2.1 million) spent a record 83.65 BTC ($3.1 million) on fees. The sender, under the pseudonym 83_5BTC, claimed to be a victim of a hacking attack.<\/p>\n<p>The AntPool expressed willingness to return the fee upon confirmation of the user&#8217;s identity.<\/p>\n<p>In April 2024, the average transaction fee in the Bitcoin network (<span data-descr=\"seven-day moving average\" class=\"old_tooltip\">7DMA<\/span>) exceeded $16 amid the excitement surrounding Runes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 19, an unknown wallet transferred 1.34 BTC (approximately $87,000 at the time of the transaction), incurring a fee of $17,500. The transaction rate was 105,305 sat\/vB, indicating the user overpaid by roughly 1,269 times. The block containing the transaction was confirmed by a miner from the ViaBTC pool. On April 18, another investor [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1178,1227],"class_list":["post-12756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blockchain-fees","tag-cryptocurrency-transactions"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12756"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12755"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}