Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday April 27, 2016

Simple Mistake Costs Man $136,000 In Bitcoin

Something like this would never happen to me. Do you know why? It's not because I'm smarter than this guy, or more careful. I would never make a mistake like this because I don't have $136,000 in bitcoin just lying around. wink

A bitcoin transaction with a 291 BTC fee worth $136,700 was processed as part of block 409,008 on the bitcoin network today, sparking speculation as to the nature of what many are considering a colossal error by an unknown user. The fee, one of many sent daily to pay bitcoin’s mining network for processing, managed to draw attention on social media due to its notable size. The average cost to clear a transaction on the bitcoin network was 31 satoshis, or roughly $0.01 at press time, a factor providing evidence of a potentially erroneous transaction.