Due to a possible user error that resulted in the largest-ever price paid for a transfer on the Bitcoin network, Bitcoin miner AntPool will reimburse a $3 million transactional fee that it handled last week.
“On November 23rd, some users submitted 83 BTC as a gas fee,” AntPool said in a Thursday announcement. “The risk control system of ANTPOOL temporarily froze the fee when packaging the transaction.”
In order to execute transactions on blockchains like Bitcoin, miners use enormous computational resources. Each time they successfully mine a “block,” they are rewarded with a set amount of money.Although it is not required, miners may decide to reimburse consumers for fees if the sums are exceptionally high. If the sender signs an on-chain message through another bitcoin transaction with the identical message, AntPool claimed it will confirm the sender’s identity. This will demonstrate ownership.
According to on-chain data, AntPool collected 85.2163 BTC in fees for all transactions included in that mistaken transaction last Thursday in addition to the regular 6.25 BTC.Only a few minutes before to the transfer, the sender had set up their wallet, and of the 139.42 BTC that was initially transferred, only 55.78 BTC were received by the receiver.