Ethereum User Accidentally Pays $9,500 Transaction Fee to Send $120

An ethereum user accidentally paid $9,500 in transaction fees to send just $120.

According to a Reddit post published last week, an ethereum user mistakenly typed the wrong transaction fee when attempting to transfer $120, resulting in a payment that cost seventy-nine times as much.

Reddit user ProudBitcoiner shared their story of accidentally paying 23.5127 ($9500) ETH for a minuscule Uniswap transaction that was eventually processed by the mining pool Ethermine. The user explained they manually attempted to change the gas limit amount after conducting a failed transaction, but erroneously swapped the input fields.

The post reads,

So I decided to change it manually in the next transaction (this one), but instead of typing 200000 in “Gas Limit” input field, I wrote it on the “Gas Price” input field, so I payed 200000 GWEI for this transaction and destroyed my life :/.




ProudBitcoiner was using the MetaMask Ethereum wallet, which automatically puts in the average gas fee for users to execute their transactions.

The Reddit user attempted to contact Ethermine CEO Peter Pratscher via social media but received no reply.

ProudBitcoiner continued,

Inter-personal relationships between miner pools and cryptocurrency users need to be settled. Miner pools don’t treat us network users as their customers, they have no obligations toward us, we don’t exist for them, ironically they live from our cryptocurrency usage and transaction fees we pay.

Ethermine made headlines in June after deciding to keep an anonymous $2.6 million ETH fee on a $133 transaction.

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