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Unknown user pays a $3.1m fee for a single Bitcoin transaction.

Unknown user pays a $3.1m fee for a single Bitcoin transaction.

On November 23, an unknown user, in a transfer of 55.77 BTC ($2.1m), paid a fee of 83.65 BTC ($3.1m). This marks a new record for the dollar-denominated reward miners receive for confirming a transaction.

During the operation at 9:59 UTC (11:00 Kyiv time / 12:00 MSK), the sender overpaid by a factor of 120,528 and left with a zero balance. The average fee in the Bitcoin network at the time of writing stands at 0.00028 BTC ($10.51), according to BitInfoCharts.

The user’s wallet was created on November 23, and prior to paying the record fee, it conducted three transactions. The receiving address is also relatively new — dating from October 16.

According to Blockchair, the transaction was included in block #818,087, mined by AntPool. Representatives of the mining pool have not yet commented on the deal.

Earlier on September 10, the infrastructure blockchain company Rahos paid 19.82 BTC ($510,750) to miners as a fee for transferring 0.074 BTC (~$1,800).

Representatives of F2Pool said that, after the necessary checks, returned to the company its bitcoins.

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