{"id":9869,"date":"2024-01-17T11:06:58","date_gmt":"2024-01-17T09:06:58","guid":{"rendered":"https:\/\/forklog.com\/en\/user-pays-173000-fee-for-bitcoin-transaction\/"},"modified":"2024-01-17T11:06:58","modified_gmt":"2024-01-17T09:06:58","slug":"user-pays-173000-fee-for-bitcoin-transaction","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/user-pays-173000-fee-for-bitcoin-transaction\/","title":{"rendered":"User Pays $173,000 Fee for Bitcoin Transaction"},"content":{"rendered":"<p>On January 16, an unidentified individual paid a fee of 4.03 BTC ($173,148) for a single Bitcoin transaction. This was highlighted by the Whale Alert service.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">? A fee of 4 <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> (173,148 USD) has just been paid for a single transaction!<a href=\"https:\/\/t.co\/enjdN4tn6z\">https:\/\/t.co\/enjdN4tn6z<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1747254433782931486?ref_src=twsrc%5Etfw\">January 16, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The transfer amount was only 2.9 BTC.<\/p>\n<p>Some commentators, suspecting a user error, <a href=\"https:\/\/twitter.com\/JannePeiponen\/status\/1747289181385105582\">advised<\/a> to quickly remove the transaction from the mempool. Others speculated it might be money laundering.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Money laundering<\/p>\n<p>\u2014 John | JustGo (@john_justgo) <a href=\"https:\/\/twitter.com\/john_justgo\/status\/1747441095640785278?ref_src=twsrc%5Etfw\">January 17, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/bitinfocharts.com\/comparison\/bitcoin-transactionfees.html#3y\">BitinfoCharts,<\/a> the average fee in the Bitcoin network at the time of writing is $11.35. This figure has receded from a local high above $37, reached in December amid the Ordinals boom.<\/p>\n<p>In September 2023, a transaction of 0.074 BTC with a fee of $510,750 was recorded on the blockchain.<\/p>\n<p>Media identified the infrastructure company Paxos as responsible for the transaction. The firm described the overpayment as a one-time error. The mining pool F2Pool returned 19.82 BTC to Paxos after necessary checks.<\/p>\n<p>In November, an unknown user paid a fee of 83.65 BTC ($3.1 million) for transferring 55.77 BTC ($2.1 million). This set a new record for the dollar equivalent of miner rewards for confirming a transaction.<\/p>\n<p>The sender, under the nickname 83_5BTC, claimed to be a victim of a hacking attack.<\/p>\n<p>AntPool expressed readiness to return the record fee after verifying the user&#8217;s identity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 16, an unidentified individual paid a fee of 4.03 BTC ($173,148) for a single Bitcoin transaction. This was highlighted by the Whale Alert service. ? A fee of 4 #BTC (173,148 USD) has just been paid for a single transaction!https:\/\/t.co\/enjdN4tn6z \u2014 Whale Alert (@whale_alert) January 16, 2024 The transfer amount was only 2.9 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9868,"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":[1178,1227],"class_list":["post-9869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-cryptocurrency-transactions"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9869","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=9869"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/9868"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=9869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=9869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=9869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}