How not to Bitcoin: User pays 1,000x fee to send 4 BTC
Cointelegraph
Published Oct 24, 2022 09:48AM ET
Updated Oct 24, 2022 11:20AM ET
Fat fingers? A Bitcoin (BTC) user spent over $200 to make a transaction, paying astronomically above the average fee.
In a transaction that entered Bitcoin block 760,077, a user paid 1,136,000 satoshis, (0.0136 BTC or $220.52) to move 3.8 BTC ($63,000). This extraordinarily high fee is a whopping 1,000 times the usual Bitcoin transaction fee, as at block height 760,077, the average transaction fee was roughly $0.20.
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Written By: Cointelegraph
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