{"id":22838,"date":"2025-04-08T17:03:45","date_gmt":"2025-04-08T14:03:45","guid":{"rendered":"https:\/\/forklog.com\/en\/user-pays-59204-in-bitcoin-transaction-fees-by-mistake\/"},"modified":"2025-04-08T17:03:45","modified_gmt":"2025-04-08T14:03:45","slug":"user-pays-59204-in-bitcoin-transaction-fees-by-mistake","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/user-pays-59204-in-bitcoin-transaction-fees-by-mistake\/","title":{"rendered":"User Pays $59,204 in Bitcoin Transaction Fees by Mistake"},"content":{"rendered":"<p>An unidentified user inadvertently paid approximately 0.75 BTC (~$59,204) in fees while attempting to replace an already sent but unconfirmed transaction with a new one at a higher value.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? A user mistakenly pays $60,000 in fees<\/p>\n<p>A Bitcoin user accidentally paid around 0.75 BTC (approximately $60,000) in transaction fees due to a mistake during a replace-by-fee (RBF) transaction.<\/p>\n<p>The incident occurred on April 8 shortly after midnight UTC, during an attempt to\u2026 <a href=\"https:\/\/t.co\/sgEGMPNn2V\">pic.twitter.com\/sgEGMPNn2V<\/a><\/p>\n<p>\u2014 Atlas21 (@Atlas21_news) <a href=\"https:\/\/twitter.com\/Atlas21_news\/status\/1909585159826915604?ref_src=twsrc%5Etfw\">April 8, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Initially, the user sent a transaction with a standard fee and then attempted to increase it for faster processing through two consecutive <span data-descr=\"Replace-By-Fee - this feature allows users to speed up or cancel an unconfirmed transaction with one click\" class=\"old_tooltip\">RBF<\/span> attempts.<\/p>\n<p>In the final operation, the user mistakenly added an additional <span data-descr=\"Unspent transaction output, an unspent transaction output\" class=\"old_tooltip\">UTXO<\/span> with nearly 0.75 BTC to cover the extra fee but forgot to update the change output.<\/p>\n<p>For comparison, the average fee on the Bitcoin network at the time of writing is $1.87, according to <a href=\"https:\/\/blockchair.com\/bitcoin\">Blockchair<\/a>.<\/p>\n<p>In February, this parameter for the Ethereum blockchain<a href=\"https:\/\/forklog.com\/en\/news\/ethereum-transaction-fees-drop-to-2020-levels\"> fell<\/a> to 2020 levels.<\/p>\n<p>Earlier, CryptoQuant <a href=\"https:\/\/forklog.com\/en\/news\/the-trump-factor-1057-btc-move-after-years-of-dormancy\">linked<\/a> the current <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-falls-to-lowest-against-bitcoin-since-may-2020\">decline of ETH\/BTC to 2020 lows<\/a> with an unfavorable on-chain picture.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An unidentified user inadvertently paid approximately 0.75 BTC (~$59,204) in fees while attempting to replace an already sent but unconfirmed transaction with a new one at a higher value. ? A user mistakenly pays $60,000 in fees A Bitcoin user accidentally paid around 0.75 BTC (approximately $60,000) in transaction fees due to a mistake during [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22837,"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-22838","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":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22838"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22837"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}