Ethereum user splits accidental 2100 ETH transaction fee with Sparkpool

11 Mar, 2019
by David Robb
Ethereum user splits accidental 2100 ETH transaction fee with Sparkpool

A transaction made on the Ethereum network back in February attracted a lot of attention due to the unusually large fee that was sent with it. After an appeal, the sender has now received half of the 2100 ETH back, as reported by CoinDesk.

At the time this ETH transaction was made, many ideas were circulating about what had motivated the astronomical fee, which was worth around $300,000. Some suggested that it could be an attempt at money laundering, or perhaps a software bug in an automated system. Other huge transaction fees were also sent from the same address cluster, reaching a total of around $450,000.

Read more: Someone just paid 3150 ETH ($450k) in ETH transaction fees

The sender has now reached out to Sparkpool, the ETH mining pool that mined the block and thus received the fee. An anonymous user, apparently part of a blockchain firm based in South Korea, claimed that the large transaction fee was simply a mistake. Sparkpool agreed to return the ETH, which it had temporarily frozen.

A further payment was sent by the original sender to confirm their identity. Into the hash for this transaction, the sender coded the message: "Thank you SparkPool and your miners for helping us to recover our loss, we are willing to share half of 2100 ETH with the miners to thanks the miners’ integrity". 1050 ETH is currently worth over $138,000 - a hell of a reward for honesty.  

Read more: Is Ethereum dead? Here's why ETH still has a bright futureIs Ethereum at $100,000 really possible?

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