A Bitcoin person has mistakenly paid an outrageous 8.18 Bitcoin ($808,564) for a single transaction, paying over 98% of the meant switch quantity on charges.
In in the present day’s Bitcoin information, an unfortunate person has paid one of many highest Bitcoin transaction charges in historical past. Per knowledge, he by accident spent 8.18 BTC ($808,564) on a single transaction.
Transaction Particulars
Whale Alert drew the crypto neighborhood’s consideration to the outrageous payment. The on-chain tracker tweeted {that a} person had simply spent 8.18 bitcoin on a single transaction.
💸 A payment of 8.1 #BTC (804,147 USD) has simply been paid for a single transaction!https://t.co/F2Ht0hQ2nv
— Whale Alert (@whale_alert) December 19, 2024
Additional evaluation from Mempool exhibits that the pockets “bc1qdf” made the blunder on Thursday by 20:27 (UTC). The tackle moved 0.142 BTC ($14,042) to 2 addresses for a staggering 8.18 BTC ($808,564) transaction payment.
Mempool exhibits that the pockets overpaid the transaction price by 98,720 occasions the typical fuel payment on the Bitcoin community. Moreover, the payment is the second costliest within the community, lagging solely to a person’s 83.65 BTC ($3.1 million on the time) switch price.
In the meantime, knowledge exhibits that Foundry Companies USA is the miner behind the transaction, which was authorised at block top 875475.
On the time of writing, the sending pockets’s confirmed stability is 0.042 BTC ($4,067), indicating that the miner has but to return the overpaid charges. All indications recommend the person mistakenly paid the outrageous payment, however this stays unconfirmed at press time.
Different Outrageous Transaction Charges
Though the Bitcoin community isn’t as infamous for outrageous transaction charges as Ethereum, the blockchain has seen its justifiable share of surprising fuel prices. As an illustration, in September 2023, Paxos spent a whopping 19.82 BTC ($511,000 then) to maneuver a mere 0.074 BTC ($1,900).
The transaction noticed the agency overpay the typical transaction then by 234,834 occasions. Notably, the miner F2Pool repaid the Paxos pockets the extreme payment.
Moreover, final November, a person spent 83.65 BTC ($3.1 million), the most important transaction payment ever recorded on the Bitcoin community. The person by accident entered the jaw-dropping quantity as a fuel payment to maneuver 55.77 BTC ($2.1 million).
In the meantime, some have leveraged the newest growth to lift skepticism over using Bitcoin as a future transaction device. “The way forward for finance,” a skeptical person tweeted following the outrageous fuel payment.
