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    Author Topic: $75 fee? Why?????  (Read 2759 times)

    • Trongersoll
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    January 29, 2014, 08:55:22 PM
     #21
    Basically, it was an operater malfunction.

  • Aleksp92
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    January 29, 2014, 08:56:58 PM
     #22
    Quote from: ecuamobi on January 29, 2014, 08:48:22 PM
    Shit!
    Bro! Im sorry!  Cheesy

  • EcuaMobi
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    January 29, 2014, 09:02:53 PM
     #23
    Quote from: Aleksp92 on January 29, 2014, 08:56:58 PM
    Quote from: ecuamobi on January 29, 2014, 08:48:22 PM
    Shit!
    Bro! Im sorry!  Cheesy

    Hahaha just kidding.

  • Klestin
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    January 29, 2014, 09:26:57 PM
     #24
    Quote from: notme on January 29, 2014, 06:47:57 PM
    Anyone mining with currently available hardware is mining at a loss.

    All ASICs are still profitable to run. Even the lowly original USB Block Erupters make more than they cost in electricity.  BFL units are more efficient than those, and several others are quite a bit more efficient than BFL's.

    Derp.

  • OCMG
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    January 29, 2014, 09:33:05 PM
     #25
    Quote from: Klestin on January 29, 2014, 09:26:57 PM

    All ASICs are still profitable to run. Even the lowly original USB Block Erupters make more than they cost in electricity.  BFL units are more efficient than those, and several others are quite a bit more efficient than BFL's.

    Derp.

    Those block erupters are getting cheaper by the day. People finally catching on that they will not make back the $20 they paid for it any time soon.

  • vpitcher07
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    January 29, 2014, 09:47:29 PM
     #26
    Quote from: 7Priest7 on January 29, 2014, 05:36:18 PM
    This is what we(in the I.T. business) refer as to as a error 4.

    The error is roughly 4 inches in front of the screen.

    An old saying "A fool and his money are soon parted."

    ID 10 T error.
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  • Sonny
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    January 30, 2014, 07:15:02 AM
     #27
    Quote from: DeathAndTaxes on January 29, 2014, 06:49:52 PM
    The default fee for that transaction would either be 0 or 0.1 mBTC ($0.08) so this was selected by the user.

    However I do think it would be a good idea if the client warned users before doing something that 99.9999999999% of the time is simply a mistake.  Paying a fee 100x what is required is almost always going to be a mistake and for the one in a million that it isn't the user could always override the warning.

    Quote
    "WARNING:  You are about to send a transaction with a fee of 90 mBTC per kB.  This is 900x the minimum fee required, and more than 450x the average fee paid by Bitcoin users in the last 24 hours.  

    Are you sure you wish to pay a fee of 90 mBTC?

    [Yes - Send with 90mBTC fee]  [No - Cancel Transaction] [No - Reduce fee to 0.1 mBTC]



    This would be a great idea.


    Quote from: vpitcher07 on January 29, 2014, 09:47:29 PM
    Quote from: 7Priest7 on January 29, 2014, 05:36:18 PM
    This is what we(in the I.T. business) refer as to as a error 4.

    The error is roughly 4 inches in front of the screen.

    An old saying "A fool and his money are soon parted."

    ID 10 T error.

     Cheesy

  • Holliday
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    January 30, 2014, 07:17:27 AM
     #28
    Quote from: vpitcher07 on January 29, 2014, 09:47:29 PM
    Quote from: 7Priest7 on January 29, 2014, 05:36:18 PM
    This is what we(in the I.T. business) refer as to as a error 4.

    The error is roughly 4 inches in front of the screen.

    An old saying "A fool and his money are soon parted."

    ID 10 T error.

    PEBKAC
    If you aren't the sole controller of your private keys, you don't have any bitcoins.

  • seriouscoin
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    January 30, 2014, 07:36:33 AM
     #29
    Quote from: Klestin on January 29, 2014, 09:26:57 PM
    Quote from: notme on January 29, 2014, 06:47:57 PM
    Anyone mining with currently available hardware is mining at a loss.

    All ASICs are still profitable to run. Even the lowly original USB Block Erupters make more than they cost in electricity.  BFL units are more efficient than those, and several others are quite a bit more efficient than BFL's.

    Derp.

    Its not profit if you havent gotten your investment back.

    So yes the mining cost is more than just the operating cost (electricity).

    You might be making more than the cost of electricity but you will never have ROI.

  • Sonny
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    January 30, 2014, 08:29:45 AM
     #30
    Quote from: seriouscoin on January 30, 2014, 07:36:33 AM
    Quote from: Klestin on January 29, 2014, 09:26:57 PM
    Quote from: notme on January 29, 2014, 06:47:57 PM
    Anyone mining with currently available hardware is mining at a loss.

    All ASICs are still profitable to run. Even the lowly original USB Block Erupters make more than they cost in electricity.  BFL units are more efficient than those, and several others are quite a bit more efficient than BFL's.

    Derp.

    Its not profit if you havent gotten your investment back.

    So yes the mining cost is more than just the operating cost (electricity).

    You might be making more than the cost of electricity but you will never have ROI.


    The word he used is "ASICs are still profitable to run", which is correct.
    But too bad, I cannot get any ASIC for free.  Wink
    If anyone send me a ASIC for free, I am more than happy to run it lol.

  • bryant.coleman
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    January 30, 2014, 08:35:42 AM
     #31
    Greed everywhere.... Bitcoin was supposed to be an alternative to greedy bankers.... but now it seems to me that the Bitcoiners themselves are more greedy than the bankers.

  • ZephramC
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    January 30, 2014, 10:48:33 AM
     #32
    Quote from: bryant.coleman on January 30, 2014, 08:35:42 AM
    Greed everywhere.... Bitcoin was supposed to be an alternative to greedy bankers.... but now it seems to me that the Bitcoiners themselves are more greedy than the bankers.

    What you call greed is driving force behind progress, inovation, industrial revolution and also behind reducing poverty and improving quality of life. Bitcoin is alternative to greedy bankers and governments because it is alternative to hyperregulated, politics influenced and involuntary redistribution based non-free-market we have today. Bitcoin is not an alternative to greed.
    Alternative to greed is a local community of people sharing expenses and benefits on "I just feel this is right and appropriate" basis. This is wonderful model for a group of friends who know each other, trust each other and share similar values. It is very pleasant way to live in small group. It becomes hell of communism when forced onto larger groups who do not want to participate.
    (There are alternatives to Bitcoin reflecting this idea and hope it can work in greater scope. For example Devcoin which (as I understand it) tries to redistribute coins not based on greed but based on "the ones who deserve it".)

  • bryant.coleman
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    January 30, 2014, 11:20:44 AM
     #33
    Quote from: ZephramC on January 30, 2014, 10:48:33 AM
    Bitcoin is not an alternative to greed.

    May be... but I think it is immoral to steal 15% of the money from someone for just a single transaction.

  • bitpop
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    January 30, 2014, 11:56:21 AM
     #34
    On blockchain I've almost typed in the amount in miner fee many of times.
    Reputation

  • XBBlade
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    January 30, 2014, 12:18:32 PM
     #35
    Looks like a manual mistake, ALWAYS pay attention when handling money

  • Peter Lambert
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    January 30, 2014, 12:27:55 PM
     #36
    Maybe he is using an old version of the client which had higher fees?
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  • poewerden
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    January 30, 2014, 03:00:19 PM
     #37
    Bitcoin-qt always asked me to confirm the fee or cancel, so I guess OP didnt used much attention when sending the Bitcoins

  • keithers
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    January 30, 2014, 03:05:21 PM
     #38
    I've seen this happen with LTC on fees too where the guy accidentally sent eith 1000ltc fee instead of 0.001 ltc. The fee was all lf his LTC, sent out by litecoin qt. I think he managed to get it back somehow.

  • marcotheminer
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    January 30, 2014, 06:00:08 PM
     #39
    Maybe he's a kind soul or made a mistake hhahah
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