Bitcoin miner AntPool will refund a $3 million transaction fee it processed last week after a likely user error resulted in the highest fee ever paid for a transfer on the Bitcoin network.
“On November 23rd, some users submitted 83 BTC as gas fees,” AntPool said in a Thursday announcement. “ANTPOOL’s risk control system temporarily froze the fee when wrapping the transaction.”
Miners are entities that use massive computing resources to process transactions on blockchains like Bitcoin, receiving a predetermined reward each time they successfully mine a “block.”
Miners are not obligated to refund fees to users, but may choose to do so if the amounts are unusually large.
AntPool said it would verify the sender’s identity when they sign an on-chain message about another Bitcoin transaction with the same message – proving ownership.
Last Thursday, AntPool received the standard 6.25 Bitcoin (BTC) as well as 85.2163 BTC in fees for all transactions included in this erroneous transaction, on-chain data shows. The sender’s wallet was set up just minutes before the transfer and the recipient only received 55.78 BTC of the 139.42 BTC originally sent.
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